Forensic Analysis · Consumer Staples / Food & Beverage · as of Sep 25, 2026
Westrock Coffee Co (WEST)
A forensic read on Westrock Coffee Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-0.9
Distress distance
Clean
Earnings quality
3
Forensic signals
-11.9
P / E (ttm)
$789M
Market cap
0.00%
Dividend yield
39.8%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Westrock Coffee Co earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -0.9, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-4.9%
FY2025
Return on invested capital.Return on invested capital is -4.9% in the latest fiscal year and slipping across FY2023–FY2025 from -2.3%. After-tax operating profit was ($16M) in FY2023 and ($36M) in FY2025, with operating income at -2.4% of revenue in FY2023, -5.8% in FY2024 and -3.8% in FY2025. The capital base behind it barely moved across FY2023–FY2025 ($704M to $732M, +4%), so there has been little new capital for that return to be earned on.
+8.7%/yr
FY2023–FY2025
Share-count dilution.Diluted share count changed +18% over the last 2 years to FY2025 (+8.7%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~8.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~15%.
1.2% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 1.2% of revenue in FY2025 — about $0.15 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 8.7% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$1.19B
Revenue Growth YoY+39.8%
Revenue CAGR (2yr)+17.2%
Net Margin-7.6%
Free Cash Flow-$107.8M
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Westrock Coffee Co's actual 10-K/10-Q/8-K filings?