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Side-by-side financial comparison of AMERICAN REALTY INVESTORS INC (ARL) and WESTWOOD HOLDINGS GROUP INC (WHG). Click either name above to swap in a different company.

WESTWOOD HOLDINGS GROUP INC is the larger business by last-quarter revenue ($25.0M vs $13.0M, roughly 1.9× AMERICAN REALTY INVESTORS INC). AMERICAN REALTY INVESTORS INC runs the higher net margin — 75.2% vs 3.1%, a 72.1% gap on every dollar of revenue. On growth, AMERICAN REALTY INVESTORS INC posted the faster year-over-year revenue change (8.1% vs 7.4%). Over the past eight quarters, WESTWOOD HOLDINGS GROUP INC's revenue compounded faster (4.9% CAGR vs 4.6%).

Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. In August 2021, the company was acquired by Kimco Realty.

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

ARL vs WHG — Head-to-Head

Bigger by revenue
WHG
WHG
1.9× larger
WHG
$25.0M
$13.0M
ARL
Growing faster (revenue YoY)
ARL
ARL
+0.7% gap
ARL
8.1%
7.4%
WHG
Higher net margin
ARL
ARL
72.1% more per $
ARL
75.2%
3.1%
WHG
Faster 2-yr revenue CAGR
WHG
WHG
Annualised
WHG
4.9%
4.6%
ARL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARL
ARL
WHG
WHG
Revenue
$13.0M
$25.0M
Net Profit
$9.8M
$782.0K
Gross Margin
Operating Margin
-23.3%
Net Margin
75.2%
3.1%
Revenue YoY
8.1%
7.4%
Net Profit YoY
6175.8%
EPS (diluted)
$0.60
$0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARL
ARL
WHG
WHG
Q1 26
$25.0M
Q4 25
$13.0M
$27.1M
Q3 25
$12.8M
$24.3M
Q2 25
$12.2M
$23.1M
Q1 25
$12.0M
$23.3M
Q4 24
$12.0M
$46.5M
Q3 24
$11.6M
$23.7M
Q2 24
$11.8M
$22.7M
Net Profit
ARL
ARL
WHG
WHG
Q1 26
$782.0K
Q4 25
$9.8M
$1.8M
Q3 25
$129.0K
$3.7M
Q2 25
$2.8M
$1.0M
Q1 25
$3.0M
$478.0K
Q4 24
$-161.0K
$3.7M
Q3 24
$-17.5M
$-1.2M
Q2 24
$1.2M
$-378.0K
Operating Margin
ARL
ARL
WHG
WHG
Q1 26
Q4 25
-23.3%
8.0%
Q3 25
-12.3%
8.3%
Q2 25
-8.3%
3.8%
Q1 25
-6.8%
-0.3%
Q4 24
-14.8%
10.0%
Q3 24
-17.8%
-2.1%
Q2 24
-10.8%
-18.4%
Net Margin
ARL
ARL
WHG
WHG
Q1 26
3.1%
Q4 25
75.2%
6.8%
Q3 25
1.0%
15.4%
Q2 25
23.2%
4.5%
Q1 25
24.7%
2.1%
Q4 24
-1.3%
14.5%
Q3 24
-150.4%
-5.0%
Q2 24
9.9%
-1.7%
EPS (diluted)
ARL
ARL
WHG
WHG
Q1 26
$0.09
Q4 25
$0.60
$0.21
Q3 25
$0.01
$0.41
Q2 25
$0.18
$0.12
Q1 25
$0.18
$0.05
Q4 24
$-0.01
$0.45
Q3 24
$-1.08
$-0.15
Q2 24
$0.07
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARL
ARL
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$89.1M
$23.4M
Total DebtLower is stronger
$214.4M
Stockholders' EquityBook value
$617.4M
$126.1M
Total Assets
$1.1B
$150.4M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARL
ARL
WHG
WHG
Q1 26
$23.4M
Q4 25
$89.1M
$47.7M
Q3 25
$82.8M
$41.3M
Q2 25
$73.5M
$35.2M
Q1 25
$88.7M
$29.1M
Q4 24
$99.7M
$46.5M
Q3 24
$131.6M
$48.3M
Q2 24
$127.5M
$44.1M
Total Debt
ARL
ARL
WHG
WHG
Q1 26
Q4 25
$214.4M
Q3 25
$227.0M
Q2 25
$216.0M
Q1 25
$201.7M
Q4 24
$185.4M
Q3 24
$183.8M
Q2 24
$181.0M
Stockholders' Equity
ARL
ARL
WHG
WHG
Q1 26
$126.1M
Q4 25
$617.4M
$125.6M
Q3 25
$607.8M
$123.9M
Q2 25
$607.8M
$122.4M
Q1 25
$604.9M
$121.4M
Q4 24
$601.8M
$120.3M
Q3 24
$602.2M
$120.4M
Q2 24
$619.9M
$120.5M
Total Assets
ARL
ARL
WHG
WHG
Q1 26
$150.4M
Q4 25
$1.1B
$162.3M
Q3 25
$1.1B
$154.0M
Q2 25
$1.1B
$146.3M
Q1 25
$1.0B
$135.0M
Q4 24
$1.0B
$150.0M
Q3 24
$1.0B
$151.5M
Q2 24
$1.0B
$147.4M
Debt / Equity
ARL
ARL
WHG
WHG
Q1 26
Q4 25
0.35×
Q3 25
0.37×
Q2 25
0.36×
Q1 25
0.33×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARL
ARL
WHG
WHG
Operating Cash FlowLast quarter
$-5.6M
$-2.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.57×
-3.28×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARL
ARL
WHG
WHG
Q1 26
$-2.6M
Q4 25
$-5.6M
$18.9M
Q3 25
$8.0M
$8.5M
Q2 25
$-2.9M
$7.3M
Q1 25
$-7.4M
$-4.9M
Q4 24
$1.1M
$21.1M
Q3 24
$13.5M
$529.0K
Q2 24
$-503.0K
$3.6M
Free Cash Flow
ARL
ARL
WHG
WHG
Q1 26
Q4 25
$18.8M
Q3 25
$8.5M
Q2 25
Q1 25
$-4.9M
Q4 24
$21.0M
Q3 24
$519.0K
Q2 24
$3.5M
FCF Margin
ARL
ARL
WHG
WHG
Q1 26
Q4 25
69.5%
Q3 25
34.8%
Q2 25
Q1 25
-21.1%
Q4 24
45.2%
Q3 24
2.2%
Q2 24
15.6%
Capex Intensity
ARL
ARL
WHG
WHG
Q1 26
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
ARL
ARL
WHG
WHG
Q1 26
-3.28×
Q4 25
-0.57×
10.29×
Q3 25
61.81×
2.29×
Q2 25
-1.03×
7.08×
Q1 25
-2.50×
-10.25×
Q4 24
5.69×
Q3 24
Q2 24
-0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARL
ARL

Segment breakdown not available.

WHG
WHG

Asset-based$19.3M77%
Trust fees$5.3M21%

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