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Side-by-side financial comparison of EXPONENT INC (EXPO) and FARMER BROTHERS CO (FARM). Click either name above to swap in a different company.

EXPONENT INC is the larger business by last-quarter revenue ($147.4M vs $88.9M, roughly 1.7× FARMER BROTHERS CO). EXPONENT INC runs the higher net margin — 16.8% vs -5.5%, a 22.3% gap on every dollar of revenue. On growth, FARMER BROTHERS CO posted the faster year-over-year revenue change (-1.2% vs -73.6%). Over the past eight quarters, FARMER BROTHERS CO's revenue compounded faster (2.1% CAGR vs 0.9%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

Farmer Bros. Co. is an American coffee foodservice company based in Fort Worth, Texas. The company specializes in the manufacture and distribution of coffee, tea, and approximately 300 other foodservice items used by restaurants and other establishments. John Moore serves as the company's president and chief executive officer.

EXPO vs FARM — Head-to-Head

Bigger by revenue
EXPO
EXPO
1.7× larger
EXPO
$147.4M
$88.9M
FARM
Growing faster (revenue YoY)
FARM
FARM
+72.4% gap
FARM
-1.2%
-73.6%
EXPO
Higher net margin
EXPO
EXPO
22.3% more per $
EXPO
16.8%
-5.5%
FARM
Faster 2-yr revenue CAGR
FARM
FARM
Annualised
FARM
2.1%
0.9%
EXPO

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EXPO
EXPO
FARM
FARM
Revenue
$147.4M
$88.9M
Net Profit
$24.8M
$-4.9M
Gross Margin
36.3%
Operating Margin
19.8%
-4.7%
Net Margin
16.8%
-5.5%
Revenue YoY
-73.6%
-1.2%
Net Profit YoY
-77.3%
-2417.1%
EPS (diluted)
$0.49
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EXPO
EXPO
FARM
FARM
Q4 25
$147.1M
$88.9M
Q3 25
$142.0M
$81.6M
Q2 25
$145.5M
$85.1M
Q1 25
$136.8M
$82.1M
Q4 24
$90.0M
Q3 24
$136.3M
$85.1M
Q2 24
$140.5M
$84.4M
Q1 24
$144.9M
$85.4M
Net Profit
EXPO
EXPO
FARM
FARM
Q4 25
$28.0M
$-4.9M
Q3 25
$26.6M
$-4.0M
Q2 25
$26.6M
$-4.7M
Q1 25
$23.6M
$-5.0M
Q4 24
$210.0K
Q3 24
$26.0M
$-5.0M
Q2 24
$29.2M
$-4.6M
Q1 24
$30.1M
$-682.0K
Gross Margin
EXPO
EXPO
FARM
FARM
Q4 25
36.3%
Q3 25
39.7%
Q2 25
44.9%
Q1 25
42.1%
Q4 24
43.1%
Q3 24
43.9%
Q2 24
38.8%
Q1 24
40.1%
Operating Margin
EXPO
EXPO
FARM
FARM
Q4 25
19.7%
-4.7%
Q3 25
12.1%
-3.9%
Q2 25
30.5%
4.6%
Q1 25
19.9%
-4.3%
Q4 24
1.1%
Q3 24
19.0%
-3.3%
Q2 24
25.4%
-4.9%
Q1 24
21.2%
-0.5%
Net Margin
EXPO
EXPO
FARM
FARM
Q4 25
19.1%
-5.5%
Q3 25
18.7%
-4.9%
Q2 25
18.3%
-5.6%
Q1 25
17.2%
-6.1%
Q4 24
0.2%
Q3 24
19.1%
-5.9%
Q2 24
20.8%
-5.4%
Q1 24
20.8%
-0.8%
EPS (diluted)
EXPO
EXPO
FARM
FARM
Q4 25
$0.55
$-0.22
Q3 25
$0.52
$-0.19
Q2 25
$0.52
$-0.22
Q1 25
$0.45
$-0.23
Q4 24
$0.01
Q3 24
$0.50
$-0.24
Q2 24
$0.57
$-0.23
Q1 24
$0.59
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EXPO
EXPO
FARM
FARM
Cash + ST InvestmentsLiquidity on hand
$221.9M
$4.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$390.3M
$35.7M
Total Assets
$777.5M
$151.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
FARM
FARM
Q4 25
$207.4M
$4.2M
Q3 25
$231.8M
$3.8M
Q2 25
$245.1M
$6.8M
Q1 25
$258.9M
$4.1M
Q4 24
$5.5M
Q3 24
$219.7M
$3.3M
Q2 24
$203.3M
$5.8M
Q1 24
$168.7M
$5.5M
Stockholders' Equity
EXPO
EXPO
FARM
FARM
Q4 25
$402.9M
$35.7M
Q3 25
$427.8M
$40.0M
Q2 25
$441.4M
$43.5M
Q1 25
$421.1M
$37.3M
Q4 24
$41.5M
Q3 24
$410.3M
$40.9M
Q2 24
$393.2M
$45.5M
Q1 24
$374.3M
$43.1M
Total Assets
EXPO
EXPO
FARM
FARM
Q4 25
$761.4M
$151.4M
Q3 25
$759.4M
$158.8M
Q2 25
$763.2M
$161.2M
Q1 25
$777.3M
$163.2M
Q4 24
$179.1M
Q3 24
$744.1M
$182.0M
Q2 24
$709.2M
$185.2M
Q1 24
$629.4M
$179.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPO
EXPO
FARM
FARM
Operating Cash FlowLast quarter
$-786.0K
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPO
EXPO
FARM
FARM
Q4 25
$32.7M
$-786.0K
Q3 25
$36.2M
$-5.0M
Q2 25
$7.3M
$9.7M
Q1 25
$56.1M
$1.3M
Q4 24
$2.6M
Q3 24
$29.7M
$2.5M
Q2 24
$48.3M
$-995.0K
Q1 24
$10.4M
$-2.3M
Free Cash Flow
EXPO
EXPO
FARM
FARM
Q4 25
$30.0M
$-2.6M
Q3 25
$33.9M
$-6.9M
Q2 25
$5.5M
Q1 25
$53.5M
$-684.0K
Q4 24
$521.0K
Q3 24
$28.0M
$-837.0K
Q2 24
$47.2M
Q1 24
$8.9M
$-5.7M
FCF Margin
EXPO
EXPO
FARM
FARM
Q4 25
20.4%
-2.9%
Q3 25
23.9%
-8.5%
Q2 25
3.8%
Q1 25
39.1%
-0.8%
Q4 24
0.6%
Q3 24
20.5%
-1.0%
Q2 24
33.6%
Q1 24
6.2%
-6.7%
Capex Intensity
EXPO
EXPO
FARM
FARM
Q4 25
1.8%
2.1%
Q3 25
1.6%
2.4%
Q2 25
1.2%
Q1 25
1.9%
2.4%
Q4 24
2.3%
Q3 24
1.3%
3.9%
Q2 24
0.8%
Q1 24
1.0%
4.0%
Cash Conversion
EXPO
EXPO
FARM
FARM
Q4 25
1.16×
Q3 25
1.36×
Q2 25
0.27×
Q1 25
2.38×
Q4 24
12.16×
Q3 24
1.14×
Q2 24
1.65×
Q1 24
0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$123.8M84%
Reimbursements$18.0M12%
Other$5.6M4%

FARM
FARM

Coffee Roasted$45.5M51%
Tea Iced Hot$23.3M26%
Culinary$14.1M16%
Spice$4.9M5%
Fuel Surcharge$1.2M1%

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