Where Food Comes From Inc (WFCF) - Net Assets
Based on the latest financial reports, Where Food Comes From Inc (WFCF) has net assets worth $8.82 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.58 Million) and total liabilities ($4.76 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check WFCF strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.82 Million |
| % of Total Assets | 64.97% |
| Annual Growth Rate | 0.25% |
| 5-Year Change | -32.32% |
| 10-Year Change | -1.3% |
| Growth Volatility | 185.39 |
Where Food Comes From Inc - Net Assets Trend (1998–2025)
This chart illustrates how Where Food Comes From Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see WFCF market cap overview.
Annual Net Assets for Where Food Comes From Inc (1998–2025)
The table below shows the annual net assets of Where Food Comes From Inc from 1998 to 2025. Also explore Where Food Comes From Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.30 Million | -6.32% |
| 2024-12-31 | $9.93 Million | -8.19% |
| 2023-12-31 | $10.82 Million | -13.29% |
| 2022-12-31 | $12.48 Million | -9.25% |
| 2021-12-31 | $13.75 Million | +10.31% |
| 2020-12-31 | $12.46 Million | +4.31% |
| 2019-12-31 | $11.95 Million | +10.99% |
| 2018-12-31 | $10.77 Million | +11.32% |
| 2017-12-31 | $9.67 Million | +2.58% |
| 2016-12-31 | $9.43 Million | +39.99% |
| 2015-12-31 | $6.73 Million | +8.44% |
| 2014-12-31 | $6.21 Million | +52.66% |
| 2013-12-31 | $4.07 Million | +58.32% |
| 2012-12-31 | $2.57 Million | +120.79% |
| 2011-12-31 | $1.16 Million | +230.01% |
| 2010-12-31 | $352.65K | +832.75% |
| 2009-12-31 | $37.81K | -77.40% |
| 2008-12-31 | $167.27K | +271.29% |
| 2007-12-31 | $-97.65K | -136.09% |
| 2006-12-31 | $270.58K | -78.19% |
| 2005-12-31 | $1.24 Million | +3968.57% |
| 2004-12-31 | $-32.07K | -100.10% |
| 2002-12-31 | $31.40 Million | -8.75% |
| 2001-12-31 | $34.41 Million | +3.92% |
| 2000-12-31 | $33.11 Million | +0.65% |
| 1999-12-31 | $32.90 Million | +278.16% |
| 1998-12-31 | $8.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Where Food Comes From Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 295.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.06 Million | 118.86% |
| Common Stock | $5.00K | 0.05% |
| Total Equity | $9.30 Million | 100.00% |
Where Food Comes From Inc Competitors by Market Cap
The table below lists competitors of Where Food Comes From Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Futebol Clube do Porto - Futebol S.A.D.
LS:FCP
|
$65.25 Million |
|
Alterity Therapeutics Limited
F:PBN
|
$65.25 Million |
|
Aminologics Co.Ltd
KQ:074430
|
$65.27 Million |
|
Nature Holdings Co. Ltd.
KQ:298540
|
$65.28 Million |
|
Arizona Gold & Silver Inc.
V:AZS
|
$65.23 Million |
|
Fecon Foundation Engineering and Underground Construction JSC
VN:FCN
|
$65.20 Million |
|
Cauldron Energy Ltd
AU:CXU
|
$65.18 Million |
|
Yatra Online Inc
NASDAQ:YTRA
|
$65.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Where Food Comes From Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,933,000 to 9,305,000, a change of -628,000 (-6.3%).
- Net income of 1,536,000 contributed positively to equity growth.
- Share repurchases of 2,166,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.54 Million | +16.51% |
| Share Repurchases | $2.17 Million | -23.28% |
| Other Changes | $2.00K | +0.02% |
| Total Change | $- | -6.32% |
Book Value vs Market Value Analysis
This analysis compares Where Food Comes From Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.27x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.86x to 7.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $3.39 | $13.10 | x |
| 1999-12-31 | $10.30 | $13.10 | x |
| 2000-12-31 | $10.35 | $13.10 | x |
| 2001-12-31 | $10.76 | $13.10 | x |
| 2002-12-31 | $10.23 | $13.10 | x |
| 2004-12-31 | $-0.01 | $13.10 | x |
| 2005-12-31 | $0.21 | $13.10 | x |
| 2006-12-31 | $0.06 | $13.10 | x |
| 2007-12-31 | $-0.02 | $13.10 | x |
| 2008-12-31 | $0.03 | $13.10 | x |
| 2009-12-31 | $0.01 | $13.10 | x |
| 2010-12-31 | $0.07 | $13.10 | x |
| 2011-12-31 | $0.22 | $13.10 | x |
| 2012-12-31 | $0.42 | $13.10 | x |
| 2013-12-31 | $0.69 | $13.10 | x |
| 2014-12-31 | $1.06 | $13.10 | x |
| 2015-12-31 | $1.12 | $13.10 | x |
| 2016-12-31 | $1.57 | $13.10 | x |
| 2017-12-31 | $1.56 | $13.10 | x |
| 2018-12-31 | $1.72 | $13.10 | x |
| 2019-12-31 | $1.91 | $13.10 | x |
| 2020-12-31 | $2.00 | $13.10 | x |
| 2021-12-31 | $2.22 | $13.10 | x |
| 2022-12-31 | $2.07 | $13.10 | x |
| 2023-12-31 | $1.95 | $13.10 | x |
| 2024-12-31 | $1.86 | $13.10 | x |
| 2025-12-31 | $1.80 | $13.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Where Food Comes From Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.17%
- • Asset Turnover: 1.93x
- • Equity Multiplier: 1.39x
- Recent ROE (16.51%) is above the historical average (-21.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 44.83% | 6.11% | 1.60x | 4.59x | $3.03 Million |
| 1999 | 9.73% | 4.49% | 1.81x | 1.20x | $-90.00K |
| 2000 | -1.54% | -0.81% | 1.55x | 1.23x | $-3.82 Million |
| 2001 | 7.13% | 4.30% | 1.39x | 1.19x | $-987.26K |
| 2002 | -9.63% | -9.37% | 0.92x | 1.11x | $-6.16 Million |
| 2004 | 0.00% | 8.97% | 2.84x | 0.00x | $43.71K |
| 2005 | -82.87% | -107.32% | 0.50x | 1.55x | $-1.15 Million |
| 2006 | -576.18% | -101.24% | 1.54x | 3.71x | $-1.59 Million |
| 2007 | 0.00% | -32.91% | 2.49x | 0.00x | $-749.79K |
| 2008 | 89.47% | 6.23% | 3.25x | 4.42x | $132.93K |
| 2009 | -405.18% | -5.76% | 4.30x | 16.38x | $-156.97K |
| 2010 | 92.94% | 10.01% | 3.64x | 2.55x | $292.49K |
| 2011 | 74.28% | 20.42% | 2.34x | 1.55x | $748.07K |
| 2012 | 38.15% | 16.54% | 1.56x | 1.47x | $642.20K |
| 2013 | -0.89% | -0.61% | 0.95x | 1.54x | $-410.32K |
| 2014 | 3.69% | 2.61% | 1.10x | 1.28x | $-391.92K |
| 2015 | 7.93% | 5.14% | 1.23x | 1.26x | $-139.53K |
| 2016 | 4.59% | 3.73% | 0.90x | 1.37x | $-509.60K |
| 2017 | 1.47% | 0.92% | 1.16x | 1.38x | $-824.77K |
| 2018 | 7.44% | 4.50% | 1.23x | 1.34x | $-275.84K |
| 2019 | 11.26% | 6.47% | 1.14x | 1.53x | $150.09K |
| 2020 | 11.11% | 6.90% | 1.03x | 1.56x | $138.60K |
| 2021 | 21.54% | 13.50% | 1.11x | 1.44x | $1.59 Million |
| 2022 | 15.98% | 8.03% | 1.36x | 1.47x | $746.30K |
| 2023 | 19.89% | 8.56% | 1.54x | 1.51x | $1.07 Million |
| 2024 | 21.34% | 8.23% | 1.68x | 1.54x | $1.13 Million |
| 2025 | 16.51% | 6.17% | 1.93x | 1.39x | $605.50K |
Industry Comparison
This section compares Where Food Comes From Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $715,161,585
- Average return on equity (ROE) among peers: 13.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Where Food Comes From Inc (WFCF) | $8.82 Million | 44.83% | 0.54x | $65.23 Million |
| ABM Industries Incorporated (ABM) | $89.60 Million | 12.39% | 1.36x | $2.89 Billion |
| Amentum Holdings Inc. (AMTM) | $4.62 Billion | 1.43% | 1.48x | $4.93 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $1.71 Million | 47.14% | 1.75x | $30.35 Million |
| Aramark Holdings (ARMK) | $1.72 Billion | 8.67% | 5.09x | $15.00 Billion |
| AZZ Incorporated (AZZ) | $256.02 Million | 13.66% | 1.21x | $4.02 Billion |
| Blacksky Technology Inc (BKSY) | $-32.81 Million | 0.00% | 0.00x | $931.45 Million |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $485.37K | 58.45% | 2.81x | $242.62 Million |
| BrightView Holdings (BV) | $206.46 Million | -30.59% | 0.59x | $1.01 Billion |
| Cass Information Systems Inc (CASS) | $56.60 Million | 10.95% | 7.85x | $613.37 Million |
| CBIZ Inc (CBZ) | $235.52 Million | 13.84% | 1.98x | $1.81 Billion |
About Where Food Comes From Inc
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 servic… Read more