WFCFNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Where Food Comes From, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q/A on Sep 15, 2026
$14.97+1.07 (+7.70%)
Close on Oct 19, 2026
- Market cap
- $75.31M
- P/E (TTM)
- 53.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
38.2%−6.3 pts over 5 years
Operating margin
4.8%−3.6 pts over 5 years
Net margin
6.2%−0.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -3.3% | +0.1% | +4.4% | +9.1% | |
| Gross profit | -10.0% | -3.2% | +1.3% | +7.0% | |
| Operating income | -45.4% | -23.1% | -6.5% | +4.3% | |
| Net income | -27.5% | -8.3% | +2.1% | +11.1% | |
| EPS, diluted | -25.0% | -3.1% | +6.4% | +14.1% | |
| Free cash flow | -43.5% | -17.3% | -6.1% | +5.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.4% | 11.3% | 16.0% | |
| Return on assets | 4.1% | 7.4% | 10.9% | |
| Current ratio | 3.55 | 2.39 | 2.03 | |
| Debt to equity | – | 0.08 | – | |
| Net debt to EBITDA | – | -1.24× | – | |
| Interest coverage | 418.3× | 129.8× | 402.0× | |
| Inventory turnover | – | – | 17.2× | |
| Capex to revenue | 3.8% | 2.3% | 0.6% | |
| Diluted shares | 6M | 6M | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Where Food Comes From generated $12.83M from operations and spent $14.60M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$12.83M
Used
$14.60M
Capital expenditure$764.00K5%Dividends$914.00K6%Share buybacks$12.93M89%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.2%
×Asset turnover1.77×
×Equity multiplier1.47×
=Return on equity, FY202516.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.2% | 1.77× | 1.47× | 16.0% |
| FY2024 | 8.2% | 1.63× | 1.52× | 20.4% |
| FY2023 | 8.6% | 1.45× | 1.48× | 18.5% |
| FY2022 | 8.0% | 1.30× | 1.45× | 15.2% |
| FY2021 | 13.5% | 1.12× | 1.50× | 22.6% |
| FY2020 | 6.9% | 1.07× | 1.54× | 11.3% |
| FY2019 | 6.5% | 1.27× | 1.44× | 11.8% |
| FY2018 | 4.5% | 1.28× | 1.36× | 7.8% |
| FY2017 | 0.9% | 1.18× | 1.37× | 1.5% |
| FY2016 | 3.7% | 1.09× | 1.32× | 5.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.54M
- Cash generatingOperating cash flow above zero$1.61M
- Return on assets improvedROA up on the prior year13.0% → 10.0%
- Earnings backed by cashOperating cash flow above net income$1.61M vs $1.54M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.74 → 2.03
- No dilutionShare count did not rise5M → 5M
- Gross margin improvedGross margin up on the prior year41.02% → 38.20%
- More efficientAsset turnover rose1.58 → 1.63