Westrock Coffee Company
WEST Consumer Defensive Packaged Foods
Westrock Coffee Company’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 39.8% from fiscal 2024. In the quarter to June 2026, revenue grew 8.83%, EPS grew 39.1%, free cash flow grew 174.4% and total debt rose 2.05%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Westrock Coffee Company (WEST) Beneish M-score
Westrock Coffee Company's Beneish M-score for fiscal 2025 is −2.57; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.57 | 0.43 |
| FY2024 | −3.00 | (0.72) |
| FY2023 | −2.29 | (0.25) |
| FY2022 | −2.04 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.68 | — | 0.62 | |
| Gross margin index | 1.43 | — | 0.75 | |
| Asset quality index | 0.92 | — | 0.37 | |
| Sales growth index | 1.40 | — | 1.25 | |
| Depreciation index | 0.68 | — | 0.08 | |
| SG&A index | 0.72 | — | −0.12 | |
| Total accruals to total assets | (0.06) | — | −0.28 | |
| Leverage index | 1.20 | — | −0.39 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.57 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| JBSS John B. Sanfilippo & Son, Inc. compare | −2.9× |
| FLO Flowers Foods, Inc. compare | −2.8× |
| JJSF J & J Snack Foods Corp. compare | −2.8× |
| SENEA Seneca Foods Corp. compare | −2.7× |
| BRBR BellRing Brands Inc. compare | −2.7× |
| WEST Westrock Coffee Company | −2.6× |
| MAMA Mama's Creations, Inc. compare | −2.4× |
| SMPL The Simply Good Foods Company compare | −2.4× |
| ENHA Enhanced Group Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI