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Financial statements

Westrock Coffee Co financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Westrock Coffee Co files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2020FY2022FY2022FY2023FY2024FY2025
Revenue5516988688658511,189
Cost of revenue4445537157256971,038
Gross profit107145153140154151
Selling, general and administrative116129130145185185
Operating expenses228138144160203196
Operating income-1217.848.68-20.4-49.1-45.5
Interest expense25.232.535.529.233.955.7
Pre-tax income-146-24.7-55.4-40.8-76.4-97.1
Income tax-17.5-3.370.11-6.363.73-1.75
Net income to minority interests0.310.64-0.280.02
Net income-129-21.9-55.2-34.6-80.3-90.4
EBITDA-96.833.332.96.16-14.410.4
EPS, basic-4.32-1.34-1.60-0.43-0.89-0.94
EPS, diluted-4.32-1.34-1.60-0.43-0.89-0.94
Shares, basic (weighted)34.234.548.480.789.895.4
Shares, diluted (weighted)34.234.548.480.789.895.4

Balance sheet

FY2020FY2022FY2022FY2023FY2024FY2025
Cash and equivalents18.719.316.837.226.249.9
Receivables85.810299.299.694.1
Inventory109146150163200
Other current assets6.419.1712.515.416.4
Total current assets238298313334396
Property, plant and equipment128185344467484
Lease right-of-use assets11.167.663.460.3
Goodwill97.197.1114116116116
Intangible assets126131123115107
Other non-current assets4.436.937.776.7612.5
Total assets5485937469721,1021,176
Accounts payable80.411769.184.391.2
Accrued liabilities2.1
Short-term debt8.7411.59.8114.119.3
Total current liabilities168216240278414
Long-term debt277163223326357
Lease liabilities8.4263.660.758.1
Other non-current liabilities3.032.611.631.350.87
Total liabilities487460584730904
Total debt286177235393444
Paid-in capital60.6343472520545
Retained earnings-252-328-363-443-534
Other comprehensive income12-6.13.8219.6-13
Shareholders' equity-1799.2711497.5-1.87
Minority interests2.742.46
Total equity-140-17611.711497.5-1.87
Total liabilities and equity5937469721,1021,176
Shares outstanding34.57588.194.296.9

Cash flow statement

FY2020FY2022FY2022FY2023FY2024FY2025
Net income-129-21.3-55.5-34.6-80.3-90.4
Depreciation and amortization23.825.524.226.634.755.8
Stock-based compensation1.551.222.638.7111.614.6
Deferred income tax-18.3-3.45-2.04-6.513.29-3.09
Change in receivables0.97-20.1-16.81.69-2.77-6.96
Change in inventory16.9-16.5-46.80.92-6.56-46.9
Change in payables-32.118.727.6-59.35.6934.5
Cash from operations-13.52.88-56.6-64.1-13.2-19
Capital expenditures-19.5-25.1-63.3-165-160-88.8
Acquisitions-393-14.9-2.39
Cash from investing-412-22.6-74.2-168-146-82.2
Debt issued353120329258278186
Debt repaid-122-111-439-199-181-126
Stock issued2561190.6412.1
Cash from financing44323.8135244157137
Net change in cash17.34.223.5411.4-2.2835.5
Free cash flow-32.9-22.2-120-229-173-108
Interest paid20.828.530.429.437.649.4
Income taxes paid0.11.410.811.430.411.17

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.09 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin12.5%Gross profit / revenue.
Operating margin-1.2%Operating income / revenue.
EBITDA margin3.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-5.4%Pre-tax income / revenue.
Net margin-4.9%Net income / revenue.
FCF margin-1.2%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin1.9%Cash from operations / revenue.
Return on assets (ROA)-5.9%Net income / average total assets.
Return on invested capital (ROIC)-3.9%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue12.6%Selling, general and administrative expense / revenue.
Stock-based pay / revenue0.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue3.1%Capital expenditures / revenue.
D&A / revenue4.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y39.8%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y11.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y16.6%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-2.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-0.4%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y7.1%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA CAGR, 3y-31.9%Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-101.9%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y6.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y16.4%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y16.5%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y6.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y25.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y22.8%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.97xCurrent assets / current liabilities.
Quick ratio0.34x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.11x(Cash + short-term investments) / current liabilities.
Debt / assets35.7%Total debt / total assets.
Liabilities / assets77.7%Total liabilities / total assets.
Net debt$349.8MTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA7.42xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage-0.28xOperating income / interest expense.
Working capital-$11.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets20.2%(Goodwill + intangible assets) / total assets.
Tangible book value-$250.7MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.21xRevenue / average total assets.
Fixed asset turnover2.85xRevenue / average property, plant and equipment.
Inventory turnover6.83xCost of revenue / average inventory.
Days inventory53 days365 x average inventory / cost of revenue.
Receivables turnover17.1xRevenue / average receivables.
Days sales outstanding21 days365 x average receivables / revenue.
Days payables22 days365 x average accounts payable / cost of revenue.
Cash conversion cycle53 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow162.6%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.65Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$13.41Revenue / diluted weighted shares.
FCF per share-$0.16Free cash flow / diluted weighted shares.
Operating cash flow per share$0.26Cash from operations / diluted weighted shares.
Book value per share-$0.32Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$2.57Tangible book value / shares outstanding.
Cash per share$0.39(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$789.8MShare price x shares outstanding.
Enterprise value$1.14BMarket cap + total debt - cash - short-term investments.
P/S0.60xMarket cap / revenue.
P/OCF31.6xMarket cap / cash from operations, when positive.
EV/Sales0.87xEnterprise value / revenue.
EV/EBITDA24.2xEnterprise value / EBITDA, when both are positive.
FCF yield-2.0%Free cash flow / market cap.
Earnings yield-8.1%Net income / market cap (the inverse of P/E).
What was Westrock Coffee Co's revenue in fiscal 2025?

Westrock Coffee Co reported revenue of $1.19B for fiscal 2025, 39.8% higher than the year before.

Was Westrock Coffee Co profitable in fiscal 2025?

No. It reported a net loss of $90.4M.

How much free cash flow did Westrock Coffee Co generate in fiscal 2025?

Cash from operations of $19.0M minus capital expenditures of $88.8M left free cash flow of -$107.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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