Immucell vs Where Food Comes From
Immucell and Where Food Comes From are similar in size: $27.6m and $24.9m of revenue in their latest fiscal years. Immucell grew faster (4.3% against -3.3%). Where Food Comes From kept more of each dollar of sales as profit: a net margin of 6.2% against -3.8%. Where Food Comes From carries less debt relative to equity (0.0% against 33.6%).
| Latest fiscal year | ImmucellICCC, 2025 | Where Food Comes FromWFCF, 2025 |
|---|---|---|
| Revenue | $27.6m | $24.9m |
| Revenue growth | 4.3% | -3.3% |
| Net income | −$1.0m | $1.5m |
| Operating margin | 6.0% | 4.8% |
| Net margin | -3.8% | 6.2% |
| Return on equity | -3.8% | 16.0% |
| Free cash flow | $1.2m | $1.5m |
| Cash | $3.8m | $3.2m |
| Total debt | $9.1m | $0 |
| Debt to equity | 33.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $2.2m |
| Employees | 73 | 100 |
| Market value | $95.8m | $79.2m |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 34 (Weak) | 64 (Moderate) |
| Insider trades, 12 months | 8 buys, 0 sales | 0 buys, 0 sales |