Where Food Comes From, Inc. WFCF
Company Overview
Where Food Comes From, Inc., together with its subsidiaries, operates as a third-party food verification company in North America. The company conducts on-site and desk audits to verify claims about livestock, food, other specialty crops, and agricultural and aquaculture products; offers various value-added services, including verification, certification, consulting, and other professional services; and sells hardware and technology solutions. It serves farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs, and restaurants, as well as 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 based in Castle Rock, Colorado.
Why Investors Should Care
Generates a return on equity of 15.4%, reflecting efficient use of shareholder capital.
Net profit has compounded at 11.7% per year over the last five years.
Revenue has grown at a 15.6% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.08.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $24.89M (-3.3% YoY); net profit $1.54M.
- Trailing 12 Months Year-on-year growth — revenue +0.7%, earnings -25.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 15.6%, profit CAGR 11.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 15.59% |
| 1 Year: | 0.70% |
Compounded Profit Growth
| 5 Years: | 11.67% |
| 1 Year: | -25.00% |
Stock Price Performance
| 1 Year: | +23.86% |
| 6 Months: | +14.51% |
| 3 Months: | +36.06% |
| 1 Month: | +8.83% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)59.75 · Neutral
P/E of 47.62 is above the sector median of 26.00 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 15.6% over 5 years.
- Profit CAGR of 11.7% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WFCF Where Food Comes From, Inc. | 13.81 | 47.62 | $68.77M | 0.00% | 12.29% | 15.41% | 15.59% | 11.67% |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.62M | 4.44M | 5.13M | 3.96M | 4.89M | 6.23M | 3.91M | 4.42M | 6.20M | 4.44M | 5.14M | 6.54M | 6.16M | 5.33M | 7.26M | 5.27M | 6.13M | 7.01M | 5.58M | 6.39M | 7.11M | - | 5.27M | 6.56M | 7.01M | 6.04M | 5.37M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.08M | 4.10M | 4.33M | 3.88M | 3.32M |
| Gross Profit | 714.68K | 557.55K | 884.62K | 1.18M | 963.28K | 1.20M | 1.47M | 1.21M | 1.32M | 1.60M | 1.46M | 1.59M | 2.04M | 1.73M | 2.01M | 2.24M | 1.67M | 2.09M | 2.59M | 1.61M | 2.10M | 2.76M | 1.86M | 2.01M | 2.93M | 2.40M | 2.13M | 3.18M | 2.14M | 2.51M | 2.87M | 2.33M | 2.66M | 2.77M | - | 2.19M | 2.46M | 2.69M | 2.17M | 2.04M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.05M | 1.91M | 2.11M | 2.23M | 1.75M |
| Operating Income | -968 | -273.61K | 86.01K | 404.62K | 12.28K | 202.15K | 302.30K | 103.95K | 248.36K | 361.61K | -8.19K | -120.83K | 449.74K | 26.85K | 241.26K | 417.50K | -301.00K | 403.00K | 614.00K | -354.00K | 469.00K | 956.00K | 89.00K | 282.00K | 1.14M | 623.00K | 313.00K | 1.07M | 155.00K | 673.00K | 946.00K | 261.00K | 583.00K | 608.00K | - | 142.00K | 549.00K | 575.00K | -60.00K | 298.00K |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 243.00K | 932.00K | 1.77M | -68.00K | 340.00K |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00K | 1.00K | 0 | 1.00K | 1.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 69.00K | 772.00K | 1.63M | -238.00K | 185.00K |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.00K | 210.00K | 480.00K | -35.00K | 93.00K |
| Net Income | -18.78K | -133.63K | 53.44K | 245.09K | 54.85K | 144.11K | 181.61K | 87.25K | 169.64K | 224.95K | 115.38K | 62.37K | 290.19K | 35.48K | 176.84K | 377.35K | -143.00K | 361.00K | 541.00K | -241.00K | 351.00K | 730.00K | 1.15M | 202.00K | 867.00K | 497.00K | 222.00K | 785.00K | 121.00K | 532.00K | 723.00K | 178.00K | 489.00K | 492.00K | - | 31.00K | 562.00K | 1.15M | -203.00K | 92.00K |
| Diluted EPS | - | -0.01 | - | 0.01 | - | 0.01 | 0.01 | - | 0.01 | 0.01 | - | - | 0.01 | - | 0.01 | 0.02 | - | 0.01 | 0.02 | -0.04 | 0.06 | 0.12 | 0.19 | 0.03 | 0.14 | 0.08 | 0.04 | 0.13 | 0.02 | 0.09 | 0.13 | 0.03 | 0.09 | 0.09 | - | 0.01 | 0.11 | 0.22 | -0.04 | 0.02 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.27M | 4.23M | 5.26M | 5.80M | 8.76M | 10.40M | 11.62M | 15.45M | 17.80M | 20.77M | 20.08M | - | 24.84M | 25.14M | 25.75M | 24.89M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 14.38M | 14.61M | 15.18M | 15.38M |
| Gross Profit | 1.80M | 2.35M | 2.83M | 2.71M | 3.76M | 4.85M | 5.41M | 6.82M | 7.74M | 9.08M | 8.93M | - | 10.47M | 10.52M | 10.56M | 9.51M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | 7.82M | 7.83M | 8.36M | 8.30M |
| Operating Income | 359.46K | 676.52K | 488.28K | 27.31K | 344.73K | 795.23K | 634.50K | 82.18K | 874.55K | 1.55M | 1.69M | - | 2.65M | 2.70M | 2.21M | 1.21M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | 3.58M | 3.70M | 3.63M | 2.88M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 3.00K | 5.00K | 4.00K | 3.00K |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | 2.82M | 3.06M | 2.98M | 2.23M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | 822.00K | 913.00K | 859.00K | 693.00K |
| Net Income | 327.76K | 864.45K | 870.36K | -33.56K | 229.09K | 533.92K | 433.17K | 142.31K | 800.74K | 1.34M | 1.39M | - | 1.99M | 2.15M | 2.12M | 1.54M |
| Diluted EPS | 0.02 | 0.04 | 0.04 | - | 0.01 | 0.02 | 0.02 | 0.01 | 0.03 | 0.22 | 0.22 | - | 0.33 | 0.39 | 0.40 | 0.30 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 899.40K | 1.81M | 3.36M | 5.81M | 7.93M | 8.48M | 12.88M | 13.34M | 14.46M | 18.24M | 19.45M | - | 18.30M | 16.29M | 15.31M | 12.90M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.89M | 6.21M | 5.54M | 6.28M |
| Cash & Equivalents | 214.33K | 513.08K | 969.02K | 1.40M | 1.07M | 2.58M | 3.53M | 2.49M | 2.71M | 1.48M | 2.64M | 4.37M | - | 4.37M | 2.64M | 2.01M | 3.20M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | 888.00K | 1.11M | 1.00M | 792.00K |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.17M | 2.13M | 1.83M | 1.68M |
| Total Liabilities | - | 546.75K | 643.19K | 794.69K | 728.04K | 749.27K | 804.90K | 1.57M | 2.10M | 2.25M | 6.29M | 6.98M | - | 5.82M | 5.47M | 5.37M | 3.59M |
| Current Liabilities | - | 215.06K | 216.99K | 388.60K | 551.47K | 726.62K | 794.76K | 1.34M | 1.88M | 1.70M | 2.74M | 3.12M | - | 3.04M | 2.98M | 3.18M | 3.08M |
| Long Term Debt | - | - | - | 391.11K | 165.75K | 16.25K | 8.37K | - | - | - | - | 572.00K | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.13M | 2.80M | 2.55M | 943.00K |
| Total Equity | 37.81K | 352.65K | 1.16M | 2.28M | 4.07M | 6.21M | 6.73M | 9.43M | 9.67M | 10.77M | 11.95M | 12.46M | - | 12.48M | 10.82M | 9.93M | 9.30M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.50M | 6.52M | 6.45M | 5.21M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 430.88K | 720.68K | 334.71K | 216.90K | - | - | 986.06K | 657.22K | 1.15M | 2.88M | 2.45M | - | 2.65M | 2.82M | 2.73M | 1.61M |
| Investing Cash Flow | -76.34K | -315.97K | 12.30K | -599.64K | - | - | -1.72M | -242.80K | -1.97M | -1.11M | -730.00K | - | -267.00K | -648.00K | -159.00K | 1.68M |
| Financing Cash Flow | -55.79K | 51.23K | 87.45K | 46.79K | - | - | -307.20K | -198.63K | -402.74K | -604.00K | 14.00K | - | -3.43M | -3.90M | -3.20M | -2.10M |
| Capital Expenditure | -58.34K | -12.17K | -73.88K | -34.65K | -74.85K | -26.31K | -445.85K | -83.76K | -366.69K | -369.00K | -464.00K | - | -267.00K | -148.00K | -159.00K | -155.00K |
| Free Cash Flow | 372.55K | 708.51K | 260.84K | 182.26K | - | - | 540.21K | 573.46K | 787.48K | 2.51M | 1.99M | - | 2.39M | 2.67M | 2.57M | 1.45M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | -1.05M | -1.73M | -629.00K | 1.19M |
| Share Buybacks | 27.27K | 61.60K | 12.28K | 29.55K | - | 177.92K | 346.98K | 199.64K | 384.53K | 555.00K | 1.04M | 1.10M | 3.46M | 3.96M | 2.24M | 2.17M |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | 914.00K | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 55.0% | 55.5% | 53.8% | 46.7% | 42.9% | 46.7% | 46.6% | 44.2% | 43.5% | 43.7% | 44.5% | - | 42.1% | 41.9% | 41.0% | 38.2% |
| Operating Margin % | 11.0% | 16.0% | 9.3% | 0.5% | 3.9% | 7.6% | 5.5% | 0.5% | 4.9% | 7.5% | 8.4% | - | 10.7% | 10.7% | 8.6% | 4.8% |
| Net Margin % | 10.0% | 20.4% | 16.5% | -0.6% | 2.6% | 5.1% | 3.7% | 0.9% | 4.5% | 6.5% | 6.9% | - | 8.0% | 8.6% | 8.2% | 6.2% |
| ROE % | 92.9% | 74.3% | 38.1% | -0.8% | 3.7% | 7.9% | 4.6% | 1.5% | 7.4% | 11.3% | 11.1% | - | 16.0% | 19.9% | 21.3% | 16.5% |
| ROCE % | 52.5% | 42.5% | 16.4% | 0.5% | 4.8% | 10.4% | 5.5% | 0.7% | 6.9% | 10.0% | 10.3% | - | 17.4% | 20.3% | 18.2% | 12.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Sanctuary Advisors, LLC | 3.16% | 194.10K | $2.14M |
| 2 | Vanguard Capital Management LLC | 2.49% | 152.85K | $1.69M |
| 3 | Bard Associates Inc. | 0.95% | 58.46K | $644.80K |
| 4 | Osaic Holdings Inc. | 0.87% | 53.15K | $586.24K |
| 5 | Aristides Capital, LLC | 0.53% | 32.66K | $360.18K |
| 6 | Cetera Investment Advisers | 0.41% | 25.47K | $280.93K |
| 7 | Geode Capital Management, LLC | 0.39% | 23.84K | $262.98K |
| 8 | Vanguard Fiduciary Trust Co | 0.29% | 17.88K | $197.17K |
| 9 | Rogco, LP | 0.27% | 16.81K | $185.45K |
| 10 | DGS Capital Management, LLC | 0.18% | 11.04K | $121.79K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for WFCF
Where Food Comes From Q2 Earnings Call Highlights
Where Food Comes From (NASDAQ:WFCF) reported slightly higher second-quarter revenue and improved operating income as growth in verification and certification services helped offset continued pressure in its flagship beef business. Chief Exe…
Where Food Comes From, Inc. Reports Second Quarter Financial Results
Second Quarter Highlights – 2026 vs. 2025 Verification and certification revenue: $5,389,000 vs. $5,332,000Product sales: $937,000 vs. $964,000Total revenue: $6,611,000 vs. $6,562,000Income from operations: $665,000 vs. $549,000Net income: …
Where Food Comes From Q1 Earnings Rise Y/Y Amid Certification Growth
WFCF posts higher Q1 earnings as certification revenues increase, driven by RaiseWell adoption and expanding demand for food transparency.
Where Food Comes From Inc (WFCF) Q1 2026 Earnings Call Highlights: Return to Profitability and ...
Discover how Where Food Comes From Inc (WFCF) navigates industry challenges with innovative programs and increased revenue streams.
Where Food Comes From, Inc. Reports 2026 First Quarter Financial Results
First Quarter Highlights – 2026 vs. 2025 Verification and certification revenue increased to $4.4 million from $4.2 millionProduct sales increased slightly to $713,000 from $702,000Total revenue increased to $5.4 million from $5.3 millionNe…
Where Food Comes From, Inc. Schedules 2026 First Quarter Earnings Call
CASTLE ROCK, Colo., May 12, 2026 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced it wi…
WFCF — Frequently Asked Questions
What is the current share price of Where Food Comes From, Inc. (WFCF)?
As of 2026-09-19 21:16 PDT, Where Food Comes From, Inc. (WFCF) trades at $13.81 on NasdaqCM. Its 52-week range is $9.23 to $18.13.
What is the market capitalisation of WFCF?
Where Food Comes From, Inc. (WFCF) has a market capitalisation of $68.77M on NasdaqCM.
What is the P/E ratio of WFCF?
WFCF trades at a trailing price-to-earnings (P/E) ratio of 47.62. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 6.05.
What is the return on equity (ROE) of WFCF?
WFCF has a return on equity (ROE) of 15.41%. Its return on capital employed (ROCE) is 12.29%.
Is WFCF a good stock to buy?
This page provides a data-driven analysis of Where Food Comes From, Inc. (WFCF), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.