Where Food Comes From Valuation Multiples

Where Food Comes From Overview

About Where Food Comes From

Where Food Comes From Inc is a third-party food verification company. It offers food production audits and uses verification processes to ensure that claims made by food producers and processors are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. The company operates in two segments that are verification and certification and Software Sales and Related Consulting. It generates the majority of its revenue from verification and certification.

Founded

2006

HQ

Employees

103

Website

wherefoodcomesfrom.com

Sectors

Business ServicesClimateTech

Financials (FY)

Revenue: $25M

EBITDA: $3M

EV

$65M

Valuation Multiples

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Where Food Comes From Financials

Where Food Comes From reported last fiscal year revenue of $25M and EBITDA of $3M.

In the same fiscal year, Where Food Comes From generated $10M in gross profit, $3M in EBITDA, and $2M in net income.

Where Food Comes From P&L

In the most recent fiscal year, Where Food Comes From reported revenue of $25M and EBITDA of $3M.

Where Food Comes From expects next 12-month revenue of XXX and NTM EBITDA of XXX

Where Food Comes From Stock Performance

Where Food Comes From has current market cap of $67M, and enterprise value of $65M.

Where Food Comes From's stock price is $13.24.

Where Food Comes From Valuation Multiples

Where Food Comes From trades at 2.6x EV/Revenue multiple, and 22.4x EV/EBITDA.

Where Food Comes From Financial Valuation Multiples

As of April 20, 2026, Where Food Comes From has market cap of $67M and EV of $65M.

Equity research analysts estimate Where Food Comes From's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Where Food Comes From has a P/E ratio of 43.6x.

Where Food Comes From Margins & Growth Rates

Where Food Comes From's revenue in the last fiscal year declined by (3%).

Where Food Comes From's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Where Food Comes From Public Comps

See public comps and valuation multiples for other Business Services comps.

Where Food Comes From M&A Activity

Where Food Comes From acquired XXX companies to date.

Last acquisition by Where Food Comes From was on XXXXXXXX, XXXXX. Where Food Comes From acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Where Food Comes From Investment Activity

Where Food Comes From invested in XXX companies to date.

Where Food Comes From made its latest investment on XXXXXXXX, XXXXX. Where Food Comes From invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).