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Side-by-side financial comparison of Valneva SE (VALN) and WESTWOOD HOLDINGS GROUP INC (WHG). Click either name above to swap in a different company.

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $27.1M, roughly 1.3× WESTWOOD HOLDINGS GROUP INC). WESTWOOD HOLDINGS GROUP INC runs the higher net margin — 6.8% vs -54.1%, a 60.9% gap on every dollar of revenue.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

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 ...

VALN vs WHG — Head-to-Head

Bigger by revenue
VALN
VALN
1.3× larger
VALN
$36.2M
$27.1M
WHG
Higher net margin
WHG
WHG
60.9% more per $
WHG
6.8%
-54.1%
VALN

Income Statement — Q1 FY2023 vs Q4 FY2025

Metric
VALN
VALN
WHG
WHG
Revenue
$36.2M
$27.1M
Net Profit
$-19.6M
$1.8M
Gross Margin
38.9%
Operating Margin
-49.5%
8.0%
Net Margin
-54.1%
6.8%
Revenue YoY
-41.7%
Net Profit YoY
-50.5%
EPS (diluted)
$0.21

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
VALN
VALN
WHG
WHG
Q4 25
$27.1M
Q3 25
$24.3M
Q2 25
$23.1M
Q1 25
$23.3M
Q4 24
$46.5M
Q3 24
$23.7M
Q2 24
$22.7M
Q1 24
$22.7M
Net Profit
VALN
VALN
WHG
WHG
Q4 25
$1.8M
Q3 25
$3.7M
Q2 25
$1.0M
Q1 25
$478.0K
Q4 24
$3.7M
Q3 24
$-1.2M
Q2 24
$-378.0K
Q1 24
$50.0K
Operating Margin
VALN
VALN
WHG
WHG
Q4 25
8.0%
Q3 25
8.3%
Q2 25
3.8%
Q1 25
-0.3%
Q4 24
10.0%
Q3 24
-2.1%
Q2 24
-18.4%
Q1 24
12.9%
Net Margin
VALN
VALN
WHG
WHG
Q4 25
6.8%
Q3 25
15.4%
Q2 25
4.5%
Q1 25
2.1%
Q4 24
14.5%
Q3 24
-5.0%
Q2 24
-1.7%
Q1 24
0.2%
EPS (diluted)
VALN
VALN
WHG
WHG
Q4 25
$0.21
Q3 25
$0.41
Q2 25
$0.12
Q1 25
$0.05
Q4 24
$0.45
Q3 24
$-0.15
Q2 24
$-0.05
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
VALN
VALN
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$274.8M
$47.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$221.2M
$125.6M
Total Assets
$637.2M
$162.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VALN
VALN
WHG
WHG
Q4 25
$47.7M
Q3 25
$41.3M
Q2 25
$35.2M
Q1 25
$29.1M
Q4 24
$46.5M
Q3 24
$48.3M
Q2 24
$44.1M
Q1 24
$46.6M
Stockholders' Equity
VALN
VALN
WHG
WHG
Q4 25
$125.6M
Q3 25
$123.9M
Q2 25
$122.4M
Q1 25
$121.4M
Q4 24
$120.3M
Q3 24
$120.4M
Q2 24
$120.5M
Q1 24
$123.8M
Total Assets
VALN
VALN
WHG
WHG
Q4 25
$162.3M
Q3 25
$154.0M
Q2 25
$146.3M
Q1 25
$135.0M
Q4 24
$150.0M
Q3 24
$151.5M
Q2 24
$147.4M
Q1 24
$149.0M

Cash Flow & Capital Efficiency

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

Metric
VALN
VALN
WHG
WHG
Operating Cash FlowLast quarter
$-26.3M
$18.9M
Free Cash FlowOCF − Capex
$18.8M
FCF MarginFCF / Revenue
69.5%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VALN
VALN
WHG
WHG
Q4 25
$18.9M
Q3 25
$8.5M
Q2 25
$7.3M
Q1 25
$-4.9M
Q4 24
$21.1M
Q3 24
$529.0K
Q2 24
$3.6M
Q1 24
$8.1M
Free Cash Flow
VALN
VALN
WHG
WHG
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
Q1 24
$8.1M
FCF Margin
VALN
VALN
WHG
WHG
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%
Q1 24
35.8%
Capex Intensity
VALN
VALN
WHG
WHG
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%
Q1 24
0.0%
Cash Conversion
VALN
VALN
WHG
WHG
Q4 25
10.29×
Q3 25
2.29×
Q2 25
7.08×
Q1 25
-10.25×
Q4 24
5.69×
Q3 24
Q2 24
Q1 24
162.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VALN
VALN

Segment breakdown not available.

WHG
WHG

Advisory$21.0M78%
Fiduciary And Trust$5.6M21%

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