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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Market cap: $70.0M
P/E: 49.6×
Fwd P/E: 29.4×
Dividend yield: —
F-score: 7/9
Altman Z: 13.62
Beneish M: −2.69
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 53.57%

Capital & Financial Ratios $m

Market Cap 70.01

Revenue 25.03

Net Income 1.45

Free Cash Flow 1.01

Net Debt (3.41)

Current Ratio 1.67

Debt/Equity 0.00

P/E ratio 49.64

Fwd P/E 29.40

P/S ratio 2.79

P/B ratio 7.91

Past 5Y EPS Growth 6.40%

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 12.70%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 51.58%

10-year low 10-year high

P/S against its own 10 years 27.53%

10-year low 10-year high

P/B against its own 10 years 53.93%

10-year low 10-year high

EV/Sales against its own 10 years 28.68%

10-year low 10-year high

EV/FCF against its own 10 years 58.86%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3	2	3	3
Receivables	2	2	2	3
Inventory	1	1	1	1
Other	—	—	—	—
	6	6	6	7

	2023	2024	2025	Q'26
Payables	1	0	0	1
ST’ Debt	—	—	—	—
Other	—	—	—	—
	3	3	3	4

Compound Annual Growth %

	10y	5y	3y
Sales	9.12%	4.39%	0.06%
Cash Flow	6.43%	(8.10%)	(15.40%)
Earnings	11.15%	2.09%	(8.33%)
Book Value	3.29%	(5.68%)	(9.32%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5	7	—	—	—
’25	5	7	7	6	25
’24	6	6	7	7	26
’23	5	6	7	7	25
’22	6	5	7	6	25
’21	4	5	7	6	22
’20	4	4	6	6	20

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	1	—	—	—
’25	1	1	1	(1)	2
’24	1	1	1	0	3
’23	0	1	1	0	3
’22	1	1	1	0	3
’21	1	0	1	0	3
’20	1	1	0	0	2

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	0	1	—	—	—
’25	1	1	0	(1)	1
’24	1	1	1	0	3
’23	0	1	1	0	3
’22	1	1	1	0	2
’21	1	0	1	0	3
’20	1	1	0	0	2

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.02	0.08	—	—	—
’25	0.01	0.11	0.22	(0.04)	0.30
’24	0.03	0.09	0.09	0.18	0.40
’23	0.02	0.09	0.13	0.14	0.39
’22	0.08	0.04	0.13	0.08	0.33
’21	0.19	0.03	0.14	0.12	0.48
’20	(0.04)	0.06	0.12	0.09	0.22

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.28	30.08	28.00	22.40	2.95	8.03	8.43	12.41	9.76	9.26	Analyst estimates 2026–2028 Powerpack
	High	44.80	48.00	56.00	34.40	46.24	16.50	15.75	14.77	13.95	13.78
People
People	Employees	60	63	63	66	68	87	93	102	103	100
	Revenue/emp, $m	0.19	0.25	0.28	0.31	0.30	0.25	0.27	0.25	0.25	0.25
Income, $m
Income, $m	Revenue	12	15	18	21	20	22	25	25	26	25
	Gross margin, %	46.60	44.15	43.50	43.70	44.47	44.40	42.13	41.86	41.02	38.20
	EBT	1	0	1	1	2	4	3	3	3	2
	EBT margin, %	5.49	0.62	5.53	7.14	9.20	16.51	11.33	12.19	11.57	8.95
	Net income	0	0	1	1	1	3	2	2	2	2
	Depreciation	0	1	1	1	1	1	1	1	1	1
Per share, $
Per share, $	Revenue	1.95	2.50	2.87	3.34	3.26	3.60	4.17	4.58	4.84	4.83
	Earnings	0.08	0.04	0.12	0.20	0.23	0.49	0.34	0.39	0.40	0.30
	Cash flow	0.17	0.11	0.19	0.46	0.40	0.50	0.45	0.51	0.51	0.31
	Capex	(0.07)	(0.01)	(0.06)	(0.06)	(0.07)	0.00	(0.04)	(0.03)	(0.03)	(0.03)
	Free cash flow	0.09	0.09	0.13	0.40	0.33	0.49	0.40	0.49	0.48	0.28
	Book value	1.58	1.57	1.73	1.92	2.02	2.25	2.10	1.97	1.87	1.81
	Shares, m	6	6	6	6	6	6	6	5	5	5
Valuation, ×
Valuation, ×	P/E	531.56	0.00	258.86	131.55	61.46	29.61	41.36	35.79	33.95	38.83
	P/S	16.41	19.17	11.10	8.23	4.30	4.03	3.27	2.97	2.73	2.38
	P/B	20.21	30.62	18.36	14.31	6.92	6.44	6.51	6.89	7.09	6.36
	EV/Sales	16.14	18.96	11.03	8.10	4.13	3.81	3.12	2.88	2.68	2.27
	EV/FCF	384.88	576.05	271.73	68.94	42.39	28.30	32.22	28.85	28.65	43.95
Cash, $m
Cash, $m	Operating cash flow	1	1	1	3	2	3	3	3	3	2
	Capex	0	0	0	0	0	0	0	0	0	0
	Free cash flow	1	1	1	3	2	3	2	3	3	1
Balance, $m
Balance, $m	Working capital	3	4	3	3	4	6	5	3	2	3
	Total debt	0	0	0	0	1	0	0	0	0	0
	Net debt	(3)	(3)	(1)	(3)	(3)	(5)	(4)	(3)	(2)	(3)
	Shareholders’ equity	9	10	11	12	12	14	12	11	10	9
Returns, %
Returns, %	ROA	4.06	1.09	5.76	8.23	7.35	15.09	10.47	12.45	13.42	10.89
	ROIC	6.21	0.80	5.76	10.41	11.52	17.23	20.35	20.51	17.36	12.32
	ROE	5.36	1.49	7.84	11.84	11.35	22.59	15.21	18.48	20.43	15.97

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TISI Team, Inc.	$112.0M	— (loss-making)	0.3×	−7.80% (below 0%: shrinking)	n/m	+47.47% (above 0%: growing)	23.79%	0.95%	Compare
WFCF Where Food Comes From Inc.	$70.0M	49.6×	29.4×	+0.75% (above 0%: growing)	−27.27% (below 0%: shrinking)	−18.92% (below 0%: shrinking)	40.58%	10.06%
DLHC DLH Holdings Corp.	$58.0M	— (loss-making)	— (loss-making)	−46.94% (below 0%: shrinking)	n/m	−55.09% (below 0%: shrinking)	16.75%	(8.89%)	Compare
YSXT YSX Tech Co., Ltd	$45.0M	—	—	—	—	−299.01% (below 0%: shrinking)	—	—	Compare
NTIP Network-1 Technologies, Inc.	$35.4M	— (loss-making)	— (loss-making)	−72.07% (below 0%: shrinking)	n/m	−22.09% (below 0%: shrinking)	72.00%	0.00%	Compare
ANPA Rich Sparkle Holdings Limited	$29.1M	—	—	—	—	—	—	—	Compare
SST System1, Inc.	$23.4M	— (loss-making)	23.1×	−61.34% (below 0%: shrinking)	n/m	−127.61% (below 0%: shrinking)	80.38%	(27.45%)	Compare
PMEC Primech Holdings Ltd.	$19.6M	— (loss-making)	—	+43.05% (above 0%: growing)	−200.00% (below 0%: shrinking)	+7.30% (above 0%: growing)	5.80%	0.00%	Compare
PC Premium Catering (Holdings) Limited	$19.5M	—	—	—	—	−1,294.44% (below 0%: shrinking)	—	—	Compare
Median of peers	$32.3M	—	—	−46.94%	—	−55.09%	23.79%	0.00%

All 44 Specialty Business Services stocks →

Where Food Comes From Inc. (WFCF) key facts

Concern: Where Food Comes From Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.9 million, down 3.32% from fiscal 2024.
Where Food Comes From Inc. (WFCF) is a Specialty Business Services company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, WFCF traded at $13.90, a market capitalization of $70.0 million.
Return on equity was 16.0% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 13.62 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.