Saturday 17 October 2026
Export WFCF’s income statement to Excel — free account
Where Food Comes From Inc.
WFCF Industrials Specialty Business Services
Where Food Comes From Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.9 million, down 3.32% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 27.3%, free cash flow fell 18.9% and total debt fell 68.4%, each against the same quarter a year earlier.
13.90
0.16
−1.14%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
38.83 | 33.95 | 35.79 | 41.36 | 29.61 | 61.46 | 131.55 | 258.86 | 0.00 | 531.56 |
Piotroski F-Score |
7 | 7 | 6 | 5 | 8 | 6 | 6 | 5 | 4 | 3 |
Altman Z-Score |
13.62 | 11.30 | 11.32 | 11.31 | 11.03 | 9.25 | 18.11 | 33.79 | 49.27 | 34.81 |
P/S ratio |
2.38 | 2.73 | 2.97 | 3.27 | 4.03 | 4.30 | 8.23 | 11.10 | 19.17 | 16.41 |
Altman Z″-Score (non-manufacturers) |
7.76 | 6.48 | 6.44 | 6.32 | 5.98 | 4.52 | 4.08 | 4.86 | 4.64 | 4.91 |
P/FCF ratio |
46.07 | 29.29 | 29.70 | 33.83 | 29.97 | 44.08 | 70.02 | 273.52 | 582.39 | 391.12 |
Beneish M-Score |
(2.69) | (2.83) | (2.68) | (2.63) | (2.55) | (2.86) | (2.84) | (2.35) | (2.60) | (2.16) |
P/Operating CF |
(83.73) | (1,408.21) | 356.92 | (230.93) | (6,806.31) | 312.57 | 316.63 | (425.71) | (327.89) | (896.72) |
P/B ratio |
6.36 | 7.09 | 6.89 | 6.51 | 6.44 | 6.92 | 14.31 | 18.36 | 30.62 | 20.21 |
Price to Tangible BV |
10.30 | 11.12 | 9.62 | 8.53 | 8.19 | 9.06 | 18.99 | 25.93 | 42.19 | 28.12 |
EV/Sales |
2.27 | 2.68 | 2.88 | 3.12 | 3.81 | 4.13 | 8.10 | 11.03 | 18.96 | 16.14 |
EV/EBITDA |
30.43 | 24.14 | 21.75 | 22.66 | 26.93 | 30.91 | 63.55 | 108.05 | 312.75 | 207.84 |
EV/Operating CF |
35.14 | 25.23 | 25.68 | 29.17 | 27.67 | 33.83 | 58.56 | 170.09 | 445.62 | 190.16 |
EV/FCF |
43.95 | 28.65 | 28.85 | 32.22 | 28.30 | 42.39 | 68.94 | 271.73 | 576.05 | 384.88 |
Quick Ratio |
1.58 | 1.21 | 1.60 | 2.15 | 2.53 | 2.20 | 1.97 | 2.31 | 2.84 | 3.40 |
Current Ratio |
2.03 | 1.74 | 2.09 | 2.60 | 2.90 | 2.39 | 2.14 | 2.57 | 2.97 | 3.55 |
Net Debt/EBITDA |
(1.72) | (0.70) | (0.78) | (1.27) | (1.74) | (1.23) | (0.99) | (0.70) | (3.44) | (3.38) |
Debt/Assets |
0.10% | 0.16% | 0.25% | 0.20% | 0.10% | 5.48% | 1.47% | 3.10% | 1.74% | 1.38% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.02 | 0.04 | 0.02 | 0.02 |
Asset Turnover |
1.77 | 1.63 | 1.45 | 1.30 | 1.12 | 1.07 | 1.27 | 1.28 | 1.18 | 1.09 |
Operating CF/Net income |
1.05 | 1.29 | 1.31 | 1.33 | 1.02 | 1.77 | 2.14 | 1.44 | 4.62 | 2.28 |
Capex/Depreciation |
(0.24) | (0.25) | (0.23) | (0.35) | 0.00 | (0.43) | (0.34) | (0.39) | (0.10) | (1.62) |
Interest Coverage |
402.00 | 551.75 | 539.40 | 884.00 | 383.83 | 129.77 | 155.20 | 182.21 | 51.38 | 423.00 |
| 15.97% | 20.43% | 18.48% | 15.21% | 22.59% | 11.35% | 11.84% | 7.84% | 1.49% | 5.36% | |
| 10.89% | 13.42% | 12.45% | 10.47% | 15.09% | 7.35% | 8.23% | 5.76% | 1.09% | 4.06% | |
ROIC |
12.32% | 17.36% | 20.51% | 20.35% | 17.23% | 11.52% | 10.41% | 5.76% | 0.80% | 6.21% |
Return on Tangible Assets |
40.02% | 68.32% | 52.77% | 34.07% | 42.40% | 23.21% | 28.83% | 18.43% | 2.98% | 9.30% |
Average Days of Receivables |
24.61 | 25.89 | 30.90 | 31.91 | 36.25 | 45.60 | 44.19 | 45.21 | 44.86 | 42.25 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
33.35% | 32.45% | 31.13% | 31.46% | 33.90% | 36.07% | 36.23% | 38.58% | 43.62% | 41.14% |
Intangible Assets out of Total Assets |
0.28 | 0.24 | 0.19 | 0.16 | 0.15 | 0.15 | 0.16 | 0.22 | 0.20 | 0.21 |
Share Based Compensation of Revenue |
0.09% | 0.13% | 0.31% | 0.62% | 1.33% | 0.60% | 0.78% | 0.90% | 1.26% | 1.73% |
Graham Net Nets |
0.05 | 0.00 | 0.01 | 0.03 | 0.03 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
Graham Number |
3.47 | 4.05 | 4.11 | 3.94 | 4.99 | 3.22 | 3.01 | 2.19 | 0.00 | 1.46 |
Earnings Yield |
2.58% | 2.95% | 2.79% | 2.42% | 3.38% | 1.63% | 0.76% | 0.39% | 0.00% | 0.19% |
Free Cash Flow Yield |
2.17% | 3.41% | 3.37% | 2.96% | 3.34% | 2.27% | 1.43% | 0.37% | 0.17% | 0.26% |
Revenue per Share |
4.83 | 4.84 | 4.58 | 4.17 | 3.60 | 3.26 | 3.34 | 2.87 | 2.50 | 1.95 |
Operating CF per Share |
0.31 | 0.51 | 0.51 | 0.45 | 0.50 | 0.40 | 0.46 | 0.19 | 0.11 | 0.17 |
Capex per Share |
(0.03) | (0.03) | (0.03) | (0.04) | 0.00 | (0.07) | (0.06) | (0.06) | (0.01) | (0.07) |
Free Cash Flow per Share |
0.28 | 0.48 | 0.49 | 0.40 | 0.49 | 0.33 | 0.40 | 0.13 | 0.09 | 0.09 |
Cash per Share |
0.62 | 0.38 | 0.48 | 0.73 | 0.89 | 0.71 | 0.47 | 0.28 | 0.56 | 0.54 |
Shareholders Equity per Share |
1.81 | 1.87 | 1.97 | 2.10 | 2.25 | 2.02 | 1.92 | 1.73 | 1.57 | 1.58 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.81 | 1.87 | 1.97 | 2.10 | 2.25 | 2.02 | 1.92 | 1.73 | 1.57 | 1.58 |
Free Cash Flow |
1.45 | 2.57 | 2.67 | 2.39 | 3.02 | 2.02 | 2.51 | 0.79 | 0.57 | 0.55 |
Working Capital |
3.19 | 2.37 | 3.23 | 4.85 | 5.69 | 4.35 | 3.12 | 2.67 | 3.71 | 3.43 |
Capital Expenditures |
(0.15) | (0.16) | (0.15) | (0.27) | 0.00 | (0.43) | (0.37) | (0.37) | (0.08) | (0.43) |
Net Current Asset Value |
2.68 | 0.17 | 0.75 | 2.07 | 2.65 | 0.49 | (0.43) | 0.67 | 1.92 | 1.32 |
EV/EBIT |
46.83 | 31.21 | 26.87 | 29.19 | 36.28 | 49.18 | 108.48 | 224.50 | 3,562.81 | 295.48 |
Capex to Sales |
0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.02 | 0.02 | 0.01 | 0.04 |
Price to Operating Income |
49.09 | 31.90 | 27.66 | 30.65 | 38.42 | 51.14 | 110.17 | 225.97 | 3,602.04 | 300.27 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.00 | 0.88 | 0.75 | 0.77 | 0.62 | 0.62 | 0.71 | 0.56 | 0.80 | 0.22 |
Cash ROIC |
11.60% | 21.48% | 19.81% | 14.14% | 15.73% | 11.29% | 16.59% | 6.08% | 4.29% | 4.30% |
Accounts Receivable Turnover |
14.21 | 13.02 | 11.69 | 11.42 | 9.36 | 7.99 | 8.80 | 8.68 | 9.53 | 9.46 |
Accounts Payable Turnover |
33.48 | 29.34 | 24.21 | 26.45 | 22.25 | 13.33 | 15.02 | 20.30 | 21.81 | 16.50 |
Inventory Turnover |
17.15 | 14.39 | 14.64 | 17.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
10.70 | 11.25 | 14.16 | 16.25 | 13.38 | 21.25 | 31.93 | 19.37 | 19.35 | 19.64 |
Days of Inventory on Hand |
18.79 | 24.09 | 27.70 | 22.54 | 22.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
1.75 | 1.98 | 2.15 | 2.18 | 2.34 | 2.51 | 2.36 | 2.05 | 1.62 | 1.23 |
Average Payables |
0.46 | 0.52 | 0.60 | 0.54 | 0.55 | 0.84 | 0.78 | 0.50 | 0.40 | 0.38 |
Average Inventory |
0.90 | 1.06 | 1.00 | 0.83 | — | — | — | — | — | — |
Average Assets |
14.10 | 15.80 | 17.29 | 19.04 | 19.62 | 18.84 | 16.35 | 13.90 | 13.11 | 10.68 |
Average Common Equity |
9.62 | 10.38 | 11.65 | 13.11 | 13.11 | 12.21 | 11.36 | 10.22 | 9.55 | 8.08 |
Columns are period end dates