Cibus vs Where Food Comes From
Where Food Comes From is the larger business, with $24.9m of revenue in fiscal 2025 against $3.6m for Cibus (6.8 times as much). Where Food Comes From grew faster (-3.3% against -14.6%). Where Food Comes From kept more of each dollar of sales as profit: a net margin of 6.2% against -3492.3%. Where Food Comes From carries less debt relative to equity (0.0% against 2.6%).
| Latest fiscal year | CibusCBUS, 2025 | Where Food Comes FromWFCF, 2025 |
|---|---|---|
| Revenue | $3.6m | $24.9m |
| Revenue growth | -14.6% | -3.3% |
| Net income | −$127m | $1.5m |
| Operating margin | -2680.1% | 4.8% |
| Net margin | -3492.3% | 6.2% |
| Return on equity | — | 16.0% |
| Free cash flow | −$51.2m | $1.5m |
| Cash | $9.9m | $3.2m |
| Total debt | $559,000 | $0 |
| Debt to equity | 2.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $2.2m |
| Employees | — | 100 |
| Market value | $86.7m | $79.2m |
| Price vs our value range | — | Above our value range |
| Moat score | 10 (Weak) | 64 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |