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what it is
Westwood manages money and trust services for institutions, wealthy clients, and funds.
how it gets paid
Last year Westwood made $98M in revenue. Advisory services was the main engine at $52M, or 53% of sales.
why it's growing
Revenue grew 3.2% last year. Revenue rose 191% vs. prior year to $71M.
what just happened
$71M in quarterly revenue and $0.59 EPS showed a sharp rebound.
At a glance
B balance sheet — gets the job done, barely
10/100 earnings predictability — expect surprises
39.6x trailing p/e — you're paying up for this one
3.8% dividend yield — cash in your pocket every quarter
1.8% return on capital — nothing to write home about
xvary composite: 51/100 — below average
What they do
Westwood manages money and trust services for institutions, wealthy clients, and funds.
Westwood is a $98M boutique, not a giant bank. That matters because clients buy people, not a logo. It runs separate accounts, which means custom portfolios for one client at a time. Leaving is painful when your money is already tied to a relationship with 151 employees behind it.
How they make money
$98M
annual revenue · their business grew +3.2% last year
Advisory services
$52M
Trust & custody
$15M
Westwood Funds
$18M
UCITS & sub-advisory
$13M
The products that matter
core fee-earning strategies
Actively Managed Strategies
inside the $78M investment segment
this sits inside the roughly $78M investment-management bucket, so even small changes in performance or fees matter to most of the income statement.
main revenue engine
lower-fee asset retention tools
Passively Managed Strategies
also part of the $78M segment
this also lives inside the $78M investment business and matters because lower-fee products can keep client assets from walking out the door.
fee pressure watch
private client advisory
Wealth Management
$20M · about 20% of revenue
this $20M business is the smaller piece today, but it grew 5.0% and gives Westwood a second fee stream outside pure institutional mandates.
secondary growth lane
Key numbers
$98M
annual revenue
This is the whole pie. $98M is small enough that one bad client can matter.
$0.26
fy2024 eps
Profit is thin. $0.26 a share leaves little room for fee cuts.
3.8%
dividend yield
The payout is doing a lot of the marketing here.
11.0%
op margin
Operating margin means profit before overhead gets sliced up. 11.0% is a thin buffer.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 30 / 100
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for WHG right now.
source: institutional data · return history unavailable
What just happened
beat estimates
$71M in quarterly revenue and $0.59 EPS showed a sharp rebound.
Revenue rose 191% vs. prior year to $71M, and EPS increased 44% to $0.59. That is a rebound, not a business built on easy growth.
$71M
revenue
$0.59
eps
11.0%
gross margin
the number that mattered
The $71M quarter mattered because it was 191% above last year and showed the revenue line can still surge.
source: company earnings report, 2026
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What could go wrong
the #1 risk is reported profitability looking better than the underlying fee business really is.
high
one-time gains cloud the real margin
A $1.9M one-time gain helped lift 2025 net margin to 7.2%. Strip that out and the year looks much closer to the weaker prior-year run rate.
if you misread that improvement as durable, you will overestimate normalized earnings power
med
thin economics leave little room for error
Return on capital is just 1.8%, earnings predictability is 10/100, and the stock still trades at 39.6x trailing earnings.
that combination makes even a modest slowdown feel expensive
med
the dividend can become the entire thesis
A 3.8% yield is attractive, but if revenue and clean profitability stay flat, income investors are left defending the stock without much growth help.
that caps upside and raises the pressure on every quarterly print
A $1.9M gain on a $95M revenue base equals about 2% of sales. For a company with a $149M market cap and a 7.2% reported margin, that's enough to change the story you think you're buying.
source: institutional data · regulatory filings · risk analysis
Pay attention to
profit quality
margin without the $1.9M assist
The next clean quarter matters more than the last reported one. You want to see whether profitability can hold up without help from one-time items.
calendar
q1 2026 earnings report
This should be the first easy comparison point after the 2025 margin discussion. If you own WHG, this is your reality check.
segment mix
whether wealth management keeps outgrowing the core
Wealth Management grew 5.0% versus 2.5% for Investment Management. If that gap widens, the mix slowly gets healthier.
income thesis
how long the dividend can do the heavy lifting
At a 3.8% yield and 39.6x trailing earnings, the stock needs either cleaner growth or a cheaper valuation. Living on yield alone gets old fast.
Analyst rankings
earnings predictability
10 / 100
In human-speak: analysts do not see a clean, repeatable earnings pattern here.
risk rank
3
That's about middle of the pack. Safer than some small caps, not a bunker stock.
price stability
30 / 100
The shares have not behaved like a sleepy income name. You should expect some chop.
source: institutional data
Institutional activity
institutional ownership data for WHG is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$18
current price
n/a
target midpoint · n/a from current
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