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Where Food Comes From, Inc.(WFCF)Earnings, Financials & Key Ratios
WFCF•NASDAQ
$13.49
45.0× P/E·Price updated Jul 7, 2026
AboutWhere Food Comes From, Inc., together with its subsidiaries, provides verification and certification solutions for the agriculture, livestock, and food industries in the United States. The company operates through Verification and Certification, and Software Sales and Related Consulting segments. It conducts on-site and desk audits to verify that claims made about livestock, crops, and other food products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education. The company also offers sustainability programs, compliance management, and software-as-a-service; maintenance, support, and software-related consulting services; and web-hosting services, as well as sells hardware. It serves beef and pork packers, organic producers and processors, and specialty retail chains. The company was formerly known as Integrated Management Information, Inc. and changed its name to Where Food Comes From, Inc. in December 2012. Where Food Comes From, Inc. was founded in 1996 and is headquartered in Castle Rock, Colorado.Show more
- Revenue$25M-3.3%
- EBITDA$2M-35.0%
- Net Income$2M-27.5%
- EPS (Diluted)0.30-25.0%
- Gross Margin38.2%-6.9%
- EBITDA Margin7.46%-32.7%
- Operating Margin4.84%-43.5%
- Net Margin6.17%-25.1%
- ROE15.97%-21.8%
WFCF Price & Volume
Where Food Comes From, Inc. (WFCF) stock price & volume — 10-year historical chart
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Cyclical Revenue Contraction Strains Operating Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cattle herd size volatility
Key Thesis Takeaways
- Where Food Comes From, Inc.
- faces significant headwinds as its livestock verification model struggles with cyclical industry volatility, evidenced by a revenue contraction to $5.4 million in 2026Q1.
- While the company maintains a conservative balance sheet with a low debt-to-equity ratio of 0.09, the structural erosion of gross margins from 44.7% in 2023Q4 to 38.1% in 2026Q1 suggests limited pricing power.
- Investors should monitor the sustainability of aggressive share repurchases, which totaled $814,000 in 2025Q4 despite a concurrent $741,000 free cash flow deficit.
Verdict Logic
the company's high valuation, reflected in a 40.57 P/E ratio, appears disconnected from the recent revenue contraction and the inconsistent free cash flow margins that dipped to -12.3% in 2025Q4.
WFCF Growth Metrics
Where Food Comes From, Inc. (WFCF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years9.12%
5 Years4.39%
3 Years0.06%
TTM-1.78%
Profit CAGR
10 Years11.15%
5 Years2.09%
3 Years-8.33%
TTM-19.06%
EPS CAGR
10 Years14.13%
5 Years6.4%
3 Years-3.13%
TTM-15.82%
Return on Capital
10 Years11.38%
5 Years15.54%
3 Years15.74%
Last Year10.99%
WFCF Recent Earnings
Where Food Comes From, Inc. (WFCF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 4/12 qtrs (100%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.02
—
Rev
$5M
—
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.04
—
Rev
$6M
—
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$0.22
—
Rev
$7M
—
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.11
—
Rev
$7M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.02 | $5M |
| Q1 2026 | Feb 26, 2026 | $0.04 | $6M |
| Q4 2025 | Nov 13, 2025 | $0.22 | $7M |
| Q3 2025 | Aug 7, 2025 | $0.11 | $7M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Where Food Comes From, Inc. (WFCF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.49 | $67.98M | 44.97 | -3.32% | 6.17% | 15.97% | — | |
| $45.94 | $3.54B | 65.63 | -2.26% | 11.92% | 5.74% | — | |
| $4.06 | $374.57M | 9.23 | -8.49% | 4.76% | 11.26% | — | |
| $10.74 | $270.87M | 22.85 | -2.62% | 4.75% | 15.84% | — | |
| $35.16 | $2.2B | 14.53 | 24.2% | 19.91% | 17.21% | — | |
| $14.31 | $1.33B | 25.11 | -3.41% | 1.38% | 2.13% | — |
Compare WFCF vs Peers
Where Food Comes From, Inc. (WFCF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WFCF SEC Filings & Documents
Where Food Comes From, Inc. (WFCF) SEC filings — annual & quarterly reports (10-K, 10-Q)
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WFCF Frequently Asked Questions
Where Food Comes From, Inc. (WFCF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Where Food Comes From, Inc.'s revenue?
Where Food Comes From, Inc. (WFCF) reported $25.0M in revenue for fiscal year 2025. This represents a 61% decrease from $63.8M in 1998.
How fast is Where Food Comes From, Inc. growing?
Where Food Comes From, Inc. (WFCF) saw revenue decline by 3.3% over the past year.
Is WFCF profitable?
Yes, Where Food Comes From, Inc. (WFCF) is profitable, generating $1.6M in net income for fiscal year 2025 (6.2% net margin).
Dividend & Returns
What is WFCF's return on equity?
Where Food Comes From, Inc. (WFCF) has a return on equity (ROE) of 16.0%. This is reasonable for most industries.
What is Where Food Comes From, Inc.'s free cash flow?
Where Food Comes From, Inc. (WFCF) generated $1.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.