What is Lifeway Foods Inc's earnings per share (EPS)?

Lifeway Foods Inc (LWAY) reported diluted earnings per share of $0.89 for fiscal year 2025. This represents a 48.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lifeway Foods Inc (LWAY) Financials

LWAY

Trailing 12 months to June 30, 2026

Revenue $242.4M +25.6% YoY

Net Income $10.9M +2.5% YoY

EPS (Diluted) $0.69 -1.4% YoY

Free Cash Flow -$27.3M -2174.5% YoY

Market Cap $371.8M as of Sep 12, 2026

Price / Sales 1.5x on $242.4M revenue, trailing 12 months to June 30, 2026

Price / Earnings 34.2x on $10.9M net income, trailing 12 months to June 30, 2026

Price / Book 4.4x on $84.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 13, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LWAY SEC filings page.

Lifeway Foods Inc (LWAY) reported $242.4M in revenue over the twelve months to Jun 30, 2026, up 25.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LWAY FY2025 2026-08-29

Lifeway's expansion is becoming capital-intensive: operating cash funds growth, but a major capex cycle pushes free cash flow negative.

The key shift is cash conversion quality: in FY2025, operating cash flow was $10.9M against net income of $13.9M, so reported profit did not fully translate into cash. Because capital expenditures reached $27.4M, free cash flow became -$16.4M; the cash shortfall was investment-led rather than caused by weaker reported earnings.

Gross margin expanded from 26.0% in FY2024 to 27.4% in FY2025, improving the economics of each revenue dollar. Yet operating margin moved only from 7.4% to 7.6%, indicating higher overhead absorbed most of the gross-profit improvement.

The balance sheet grew with total assets reaching $105.6M versus $90.5M one year earlier, while liabilities remained comparatively modest. A current ratio of 2.2x and debt-to-equity of 0.2x point to expansion financed mainly through equity and retained earnings, not heavy borrowing.

Financial Health Signals

Financial Health Score 63/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lifeway Foods Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Lifeway Foods Inc has an operating margin of 7.6%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 7.4% the prior year.

Growth

Lifeway Foods Inc's revenue grew 13.7% year-over-year to $212.5M, a solid pace of expansion. This earns a growth score of 76/100.

Leverage

Lifeway Foods Inc carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 74/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.23, Lifeway Foods Inc holds $2.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.

Cash Flow

While Lifeway Foods Inc generated $10.9M in operating cash flow, capex of $27.4M consumed most of it, leaving -$16.4M in free cash flow. This results in a low score of 23/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Lifeway Foods Inc earns a strong 16.2% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 78/100. This is up from 12.6% the prior year.

Altman Z-Score Safe

15.20

Lifeway Foods Inc scores 15.20, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($371.8M) relative to total liabilities ($19.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Lifeway Foods Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.79x

For every $1 of reported earnings, Lifeway Foods Inc generates $0.79 in operating cash flow ($10.9M OCF vs $13.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

210.03x

Lifeway Foods Inc earns $210.03 in operating income for every $1 of interest expense ($16.2M vs $77K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$66.9M

YoY+24.1%

QoQ+6.2%

5Y CAGR+18.1%

10Y CAGR+7.9%

Lifeway Foods Inc generated $66.9M in revenue in Q2 2026. This represents an increase of 24.1% from the same quarter a year earlier. Against the prior quarter it is up 6.2%.

EBITDA

$1.7M

YoY-74.2%

QoQ-76.4%

5Y CAGR-11.1%

10Y CAGR-7.6%

Lifeway Foods Inc's EBITDA was $1.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 74.2% from the same quarter a year earlier. Against the prior quarter it is down 76.4%.

Net Income

$127K

YoY-97.0%

QoQ-97.3%

5Y CAGR-39.9%

10Y CAGR-24.5%

Lifeway Foods Inc reported $127K in net income in Q2 2026. This represents a decrease of 97.0% from the same quarter a year earlier. Against the prior quarter it is down 97.3%.

EPS (Diluted)

$0.01

YoY-96.4%

QoQ-96.7%

5Y CAGR-36.9%

10Y CAGR-22.6%

Lifeway Foods Inc earned $0.01 per diluted share (EPS) in Q2 2026. This represents a decrease of 96.4% from the same quarter a year earlier. Against the prior quarter it is down 96.7%.

Cash & Balance Sheet

Free Cash Flow

-$8.8M

YoY-648.5%

QoQ-32.1%

Lifeway Foods Inc recorded an outflow of $8.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 648.5% from the same quarter a year earlier. Against the prior quarter it is down 32.1%.

Cash & Debt

$7.1M

YoY-66.6%

QoQ+26.5%

5Y CAGR-7.4%

10Y CAGR+1.6%

Lifeway Foods Inc held $7.1M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

15M

YoY-0.8%

QoQ-1.1%

5Y CAGR-0.4%

10Y CAGR-0.7%

Lifeway Foods Inc had 15M shares outstanding in Q2 2026. This represents a decrease of 0.8% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

19.5%

YoY-9.1pp

QoQ-8.1pp

5Y change-6.9pp

10Y change-11.8pp

Lifeway Foods Inc's gross margin was 19.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 9.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.1 percentage points.

Operating Margin

0.9%

YoY-9.8pp

QoQ-9.1pp

5Y change-7.7pp

10Y change-8.9pp

Lifeway Foods Inc's operating margin was 0.9% in Q2 2026, reflecting core business profitability. This is down 9.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.1 percentage points.

Net Margin

0.2%

YoY-7.7pp

QoQ-7.2pp

5Y change-5.4pp

10Y change-6.6pp

Lifeway Foods Inc's net profit margin was 0.2% in Q2 2026, showing the share of revenue converted to profit. This is down 7.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.2 percentage points.

Return on Equity

0.1%

YoY-5.3pp

QoQ-5.0pp

5Y change-3.1pp

10Y change-4.3pp

Lifeway Foods Inc's ROE was 0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.0 percentage points.

Capital Allocation

Share Buybacks

$4.9M

Lifeway Foods Inc spent $4.9M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$8.5M

YoY+266.9%

QoQ-23.3%

5Y CAGR+67.4%

10Y CAGR+23.3%

Lifeway Foods Inc invested $8.5M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 266.9% from the same quarter a year earlier. Against the prior quarter it is down 23.3%.

R&D Spending

Not reported for Q2 2026.

LWAY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LWAY quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$242.4M	$212.5M+13.7%	$186.8M+16.7%	$160.1M+13.1%	$141.6M+18.9%	$119.1M+16.7%	$102.0M+8.9%	$93.7M-9.4%	$103.3M-13.1%	$118.9M-4.0%	$123.9M-9.7%	$137.2M+5.4%	$130.2M+19.5%	$109.0M+21.4%	$89.8M+28.3%	$70.0M
Cost of Revenue	$180.3M	$154.3M+11.6%	$138.2M+17.5%	$117.7M+2.5%	$114.8M+27.0%	$90.4M+20.3%	$75.1M+9.8%	$68.4M-8.4%	$74.6M-13.0%	$85.8M-3.5%	$88.8M+0.2%	$88.7M-1.5%	$90.1M+28.9%	$69.9M+27.7%	$54.7M+12.4%	$48.7M
Gross Profit	$62.1M	$58.2M+19.8%	$48.6M+14.5%	$42.4M+58.4%	$26.8M-6.7%	$28.7M+6.6%	$26.9M+21.6%	$22.1M-14.3%	$25.9M-15.8%	$30.7M-12.4%	$35.0M+17.2%	$29.9M+3.5%	$28.9M+4.5%	$27.6M+3.8%	$26.6M+25.2%	$21.3M
SG&A Expenses	$21.6M	$21.6M+11.1%	$19.4M+48.1%	$13.1M+4.3%	$12.6M+8.5%	$11.6M-0.4%	$11.7M-9.1%	$12.8M-5.8%	$13.6M-2.4%	$14.0M+1.2%	$13.8M+7.1%	$12.9M+4.6%	$12.3M+26.2%	$9.7M+54.2%	$6.3M+19.5%	$5.3M
Operating Income	$15.7M	$16.2M+16.7%	$13.9M-18.5%	$17.0M+623.5%	$2.3M-60.1%	$5.9M+19.4%	$4.9M+354.7%	-$1.9M+37.8%	-$3.1M-491.3%	-$526K-108.6%	$6.1M+38.2%	$4.4M+4.0%	$4.2M-47.3%	$8.0M-9.2%	$8.8M+74.2%	$5.1M
EBITDA	N/A	$20.2M+16.9%	$17.2M-14.5%	$20.2M+278.8%	$5.3M-39.2%	$8.8M+7.2%	$8.2M+480.9%	$1.4M+282.8%	$367K-85.8%	$2.6M-71.6%	$9.1M+20.9%	$7.5M+0.6%	$7.5M-27.8%	$10.4M-7.7%	$11.2M+51.5%	$7.4M
Interest Expense	$325K	$77K-26.7%	$105K-72.7%	$384K+43.8%	$267K+130.2%	$116K-1.7%	$118K-52.6%	$249K-8.1%	$271K+12.0%	$242K+10.0%	$220K-6.8%	$236K-14.8%	$277K+36.5%	$203K+14.3%	$178K-28.2%	$247K
Income Tax	$4.6M	$5.8M+17.9%	$4.9M-6.4%	$5.3M+476.0%	$917K-60.2%	$2.3M+44.4%	$1.6M+104.1%	$782K+447.6%	-$225K+50.9%	-$458K-121.2%	$2.2M+6.8%	$2.0M-9.9%	$2.2M-21.8%	$2.9M-10.5%	$3.2M+62.0%	$2.0M
Net Income	$10.9M	$13.9M+53.6%	$9.0M-20.6%	$11.4M+1130.2%	$924K-72.1%	$3.3M+2.4%	$3.2M+613.5%	$453K+114.7%	-$3.1M-791.9%	-$346K-109.9%	$3.5M+76.4%	$2.0M+0.8%	$2.0M-60.8%	$5.0M-11.2%	$5.6M+96.8%	$2.9M
EPS (Basic)	N/A	$0.91+49.2%	$0.61-20.8%	$0.77+1183.3%	$0.06-71.4%	$0.210.0%	$0.21+600.0%	$0.03+115.8%	-$0.19-850.0%	-$0.02-109.1%	$0.22+83.3%	$0.12	N/A	N/A	N/A	N/A
EPS (Diluted)	$0.69	$0.89+48.3%	$0.60-20.0%	$0.75+1150.0%	$0.06-71.4%	$0.210.0%	$0.21+600.0%	$0.03+115.8%	-$0.19-850.0%	-$0.02-109.1%	$0.22+83.3%	$0.12	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	16M+2.7%	15M+0.2%	15M-3.9%	16M-0.3%	16M0.0%	16M-0.2%	16M-3.2%	16M+1.3%	16M-0.3%	16M-1.0%	16M	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$66.9M+24.1%	$63.0M+36.7%	$55.4M+18.0%	$57.1M+24.0%	$53.9M+9.7%	$46.1M+3.3%	$46.9M+11.5%	$46.1M+12.7%
Cost of Revenue	$53.9M+39.9%	$45.7M+30.3%	$40.0M+14.2%	$40.7M+19.0%	$38.5M+7.3%	$35.1M+5.9%	$35.0M+15.6%	$34.2M+15.0%
Gross Profit	$13.0M-15.4%	$17.4M+57.2%	$15.4M+29.1%	$16.4M+38.3%	$15.4M+16.0%	$11.0M-4.3%	$11.9M+0.9%	$11.9M+6.5%
SG&A Expenses	$4.7M-2.0%	$4.7M+1.6%	$6.0M-20.2%	$6.2M+73.6%	$4.8M+13.8%	$4.6M+11.9%	$7.6M+143.8%	$3.6M+15.5%
Operating Income	$600K-89.6%	$6.3M+301.8%	$3.8M+427.8%	$5.0M+20.3%	$5.8M+7.6%	$1.6M-55.8%	$713K-87.6%	$4.2M-16.9%
EBITDA	$1.7M-74.2%	$7.4M+193.9%	$4.8M+197.1%	$6.1M+20.7%	$6.8M+8.7%	$2.5M-42.4%	$1.6M-75.4%	$5.0M-13.5%
Interest Expense	$215K+923.8%	$68K+385.7%	$21K+600.0%	$21K+425.0%	$21K-55.3%	$14K-72.5%	$3K-95.2%	$4K-96.3%
Income Tax	$280K-83.2%	$1.6M+11.0%	$1.2M+25.6%	$1.6M+15.8%	$1.7M+5.5%	$1.4M+31.8%	$936K-45.8%	$1.4M-11.0%
Net Income	$127K-97.0%	$4.7M+32.0%	$2.5M+1688.1%	$3.5M+18.6%	$4.2M+12.3%	$3.5M+45.9%	-$160K-104.0%	$3.0M-12.8%
EPS (Basic)	$0.01-96.4%	$0.31+34.8%	$0.16+1700.0%	$0.23+15.0%	$0.28+7.7%	$0.23+35.3%	-$0.01-103.7%	$0.20-13.0%
EPS (Diluted)	$0.01-96.4%	$0.30+30.4%	$0.15	$0.23+21.1%	$0.28+12.0%	$0.23+43.8%	$0.00-100.0%	$0.19-17.4%
Diluted Shares (Avg)	15M-0.7%	16M+1.5%	N/A	15M+1.0%	15M+1.3%	15M+0.7%	N/A	15M+1.1%

Not reported in any period shown, so not listed: R&D Expenses.

LWAY Balance Sheet

LWAY quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$105.6M+16.6%	$90.5M+10.9%	$81.7M+18.3%	$69.0M-2.6%	$70.9M+15.7%	$61.2M+7.5%	$57.0M+0.3%	$56.8M-12.0%	$64.5M-1.1%	$65.2M+0.5%	$64.9M+2.4%	$63.4M-0.4%	$63.7M+19.0%	$53.5M+4.0%	$51.5M
Current Assets	$37.1M-15.0%	$43.6M+14.2%	$38.2M+41.6%	$27.0M-7.1%	$29.0M+20.8%	$24.1M+25.3%	$19.2M+1.5%	$18.9M-23.4%	$24.7M-10.4%	$27.5M+2.0%	$27.0M+11.8%	$24.2M-2.4%	$24.8M+25.7%	$19.7M+17.9%	$16.7M
Cash & Equivalents	$5.6M-66.7%	$16.7M+26.7%	$13.2M+197.0%	$4.4M-51.9%	$9.2M+16.5%	$7.9M+106.6%	$3.8M+28.0%	$3.0M-39.8%	$5.0M-43.5%	$8.8M+56.1%	$5.6M+73.2%	$3.3M-1.4%	$3.3M+44.6%	$2.3M+105.0%	$1.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$2.1M-24.8%	$2.8M+10.4%	$2.5M+34.6%	$1.9M+10.3%	$1.7M
Inventory	$11.9M+37.0%	$8.7M-4.7%	$9.1M-5.5%	$9.6M+16.2%	$8.3M+19.6%	$6.9M+8.4%	$6.4M+9.9%	$5.8M-24.4%	$7.7M-4.3%	$8.0M+4.9%	$7.7M+31.8%	$5.8M-15.7%	$6.9M+16.2%	$5.9M+19.9%	$5.0M
Accounts Receivable	$16.6M+7.9%	$15.4M+11.2%	$13.9M+21.6%	$11.4M+14.9%	$9.9M+24.1%	$8.0M+19.6%	$6.7M+6.6%	$6.3M-27.7%	$8.7M-9.6%	$9.6M-3.0%	$9.9M-3.2%	$10.2M-2.2%	$10.4M+19.7%	$8.7M+9.7%	$8.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M-9.6%	$12.9M+41.9%	$9.1M0.0%	$9.1M-12.0%	$10.4M0.0%	$10.4M0.0%	$10.4M-26.3%	$14.1M0.0%	$14.1M	N/A	N/A
Total Liabilities	$19.8M+6.2%	$18.6M-12.2%	$21.2M-1.0%	$21.4M-1.4%	$21.7M+51.0%	$14.4M+4.8%	$13.7M-4.6%	$14.4M-19.7%	$17.9M+6.4%	$16.9M-14.3%	$19.7M+5.0%	$18.7M-9.7%	$20.7M+46.0%	$14.2M-11.9%	$16.1M
Current Liabilities	$16.6M+7.3%	$15.5M-6.7%	$16.6M+27.4%	$13.0M+8.1%	$12.1M+42.9%	$8.4M-11.4%	$9.5M+27.8%	$7.5M-43.5%	$13.2M+40.7%	$9.4M-13.3%	$10.8M+27.0%	$8.5M-4.0%	$8.9M+43.0%	$6.2M-12.2%	$7.1M
Non-Current Liabilities	$3.2M+0.6%	$3.1M-31.9%	$4.6M-45.1%	$8.4M-13.4%	$9.7M+62.6%	$6.0M+41.3%	$4.2M-39.4%	$6.9M+47.0%	$4.7M-36.7%	$7.5M-15.5%	$8.8M-13.3%	$10.2M-13.9%	$11.8M+48.3%	$8.0M-11.7%	$9.0M
Long-Term Debt	N/A	N/A	$2.8M+11.0%	$2.5M-28.6%	$3.5M	$0	N/A	N/A	$6.3M-11.8%	$7.1M0.0%	$7.1M-12.4%	$8.1M-9.7%	$9.0M+81.6%	$5.0M-10.5%	$5.5M
Total Equity	$85.8M+19.3%	$71.9M+19.0%	$60.4M+27.0%	$47.6M-3.2%	$49.1M+4.9%	$46.9M+8.3%	$43.3M+2.0%	$42.4M-9.0%	$46.6M-3.7%	$48.4M+6.9%	$45.3M+1.2%	$44.7M+4.1%	$43.0M+9.3%	$39.3M+11.2%	$35.4M
Retained Earnings	$88.7M+18.5%	$74.8M+13.7%	$65.8M+20.9%	$54.4M+1.7%	$53.5M+6.6%	$50.2M+6.9%	$47.0M+0.9%	$46.6M-6.2%	$49.6M-0.7%	$50.0M+7.5%	$46.5M+4.4%	$44.5M+4.6%	$42.6M+9.5%	$38.9M+13.0%	$34.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$132.4M+34.7%	$120.5M+28.7%	$105.6M+16.6%	$109.5M+20.0%	$98.3M+15.7%	$93.7M+13.2%	$90.5M+10.9%	$91.3M+14.1%
Current Assets	$47.2M-4.3%	$42.7M-9.9%	$37.1M-15.0%	$53.8M+20.2%	$49.3M+25.6%	$47.4M+26.1%	$43.6M+14.2%	$44.8M+21.2%
Cash & Equivalents	$7.1M-66.6%	$5.6M-71.2%	$5.6M-66.7%	$23.0M+11.8%	$21.2M+45.0%	$19.4M+61.7%	$16.7M+26.7%	$20.6M+62.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$14.0M+36.8%	$11.5M+23.9%	$11.9M+37.0%	$11.1M+31.0%	$10.2M+20.9%	$9.2M+13.7%	$8.7M-4.7%	$8.4M-9.4%
Accounts Receivable	$22.9M+42.3%	$23.0M+37.8%	$16.6M+7.9%	$17.4M+29.1%	$16.1M+10.6%	$16.7M+10.8%	$15.4M+11.2%	$13.5M+3.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%	$11.7M0.0%
Total Liabilities	$47.8M+144.4%	$30.2M+54.8%	$19.8M+6.2%	$26.8M+35.3%	$19.6M+15.5%	$19.5M+1.5%	$18.6M-12.2%	$19.8M-17.8%
Current Liabilities	$22.5M+38.3%	$20.0M+21.9%	$16.6M+7.3%	$23.4M+40.1%	$16.3M+17.6%	$16.4M+10.0%	$15.5M-6.7%	$16.7M+1.8%
Non-Current Liabilities	$25.3M+670.7%	$10.2M+226.9%	$3.2M+0.6%	$3.4M+8.8%	$3.3M+6.2%	$3.1M-27.8%	$3.1M-31.9%	$3.1M-59.8%
Total Equity	$84.6M+7.5%	$90.3M+21.8%	$85.8M+19.3%	$82.8M+15.7%	$78.7M+15.7%	$74.2M+16.7%	$71.9M+19.0%	$71.5M+27.8%
Retained Earnings	$93.5M+13.2%	$93.4M+19.1%	$88.7M+18.5%	$86.1M+14.9%	$82.6M+14.7%	$78.4M+14.9%	$74.8M+13.7%	$75.0M+21.3%

Not reported in any period shown, so not listed: Long-Term Debt.

LWAY Cash Flow Statement

LWAY quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$11.2M	$10.9M-15.5%	$13.0M-23.5%	$16.9M+324.9%	$4.0M-28.3%	$5.6M-12.9%	$6.4M+67.5%	$3.8M+57.7%	$2.4M-36.5%	$3.8M-25.4%	$5.1M-24.3%	$6.7M+32.5%	$5.1M-12.8%	$5.8M-11.9%	$6.6M+64.0%	$4.0M
Depreciation & Amortization	N/A	$4.0M+17.5%	$3.4M+7.1%	$3.2M+6.4%	$3.0M+3.4%	$2.9M-11.3%	$3.2M-3.0%	$3.3M-4.0%	$3.5M+11.7%	$3.1M+3.0%	$3.0M-3.5%	$3.1M-3.8%	$3.3M+39.0%	$2.3M-1.9%	$2.4M+2.0%	$2.3M
Stock-Based Compensation	N/A	$1.9M-20.4%	$2.4M+63.4%	$1.5M+35.0%	$1.1M-3.1%	$1.1M+191.1%	$393K-53.1%	$838K+4.5%	$802K+34.6%	$596K+82.8%	$326K	$0	N/A	N/A	N/A	N/A
Capital Expenditures	$38.5M	$27.4M+308.6%	$6.7M+53.9%	$4.4M+26.2%	$3.4M+79.4%	$1.9M+1.4%	$1.9M+60.9%	$1.2M-58.3%	$2.8M-47.1%	$5.3M+65.0%	$3.2M+62.3%	$2.0M-45.8%	$3.7M-56.6%	$8.5M+493.5%	$1.4M-0.7%	$1.4M
Free Cash Flow	-$27.3M	-$16.4M-362.0%	$6.3M-50.2%	$12.6M+2240.1%	$538K-85.2%	$3.6M-18.9%	$4.5M+70.5%	$2.6M+746.9%	-$407K+73.5%	-$1.5M-182.1%	$1.9M-60.7%	$4.8M+237.4%	$1.4M+153.4%	-$2.6M-150.8%	$5.2M+99.7%	$2.6M
Investing Cash Flow	-$42.1M	-$22.0M-229.8%	-$6.7M-51.5%	-$4.4M-9.5%	-$4.0M+43.6%	-$7.1M-277.9%	-$1.9M-325.5%	$838K+130.8%	-$2.7M+48.8%	-$5.3M-1376.7%	-$360K	N/A	N/A	N/A	-$1.6M+26.4%	-$2.1M
Financing Cash Flow	$16.8M	-$65K+97.6%	-$2.8M+27.2%	-$3.8M+20.4%	-$4.7M-264.5%	$2.9M+812.3%	-$405K+89.4%	-$3.8M-127.3%	-$1.7M+27.9%	-$2.3M-47.4%	-$1.6M	N/A	N/A	N/A	-$3.9M+3.5%	-$4.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.3M+214.1%	-$1.1M	N/A
Share Buybacks	N/A	N/A	N/A	$0-100.0%	$4.0M+152.5%	$1.6M+290.9%	$405K-24.7%	$538K-61.0%	$1.4M-7.2%	$1.5M+101.4%	$738K-52.1%	$1.5M	N/A	$0-100.0%	$581K-50.8%	$1.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$339K-108.7%	$4.4M+3018.7%	$267K+110.4%	$6.9M-7.1%	$3.9M-40.2%	-$150K-109.7%	-$2.6M-153.8%	$7.5M+11.4%
Depreciation & Amortization	$1.1M+18.2%	$1.1M+12.6%	$1.0M+14.2%	$1.0M+22.7%	$967K+15.7%	$937K+17.7%	$899K+11.8%	$855K+8.4%
Stock-Based Compensation	$535K-11.0%	$548K+68.1%	N/A	$539K-10.6%	$601K-3.5%	$326K-51.6%	N/A	$603K
Capital Expenditures	$8.5M+266.9%	$11.0M+397.6%	$17.7M+1312.6%	$1.3M-13.3%	$2.3M+60.7%	$2.2M-10.1%	$1.3M+3.9%	$1.5M+33.2%
Free Cash Flow	-$8.8M-648.5%	-$6.7M-181.3%	-$17.4M-354.7%	$5.6M-5.5%	$1.6M-68.6%	-$2.4M-156.7%	-$3.8M-206.7%	$5.9M+6.8%
Investing Cash Flow	-$8.2M-285.5%	-$11.0M-476.4%	-$17.7M-1313.7%	-$5.1M-237.4%	-$2.1M-48.9%	$2.9M+218.8%	-$1.3M-3.9%	-$1.5M-21.5%
Financing Cash Flow	$10.1M	$6.7M+10401.5%	$0	$0	$0+100.0%	-$65K+74.0%	$0+100.0%	$0+100.0%
Share Buybacks	$4.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Dividends Paid.

LWAY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LWAY quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	27.4%+1.4pp	26.0%-0.5pp	26.5%+7.6pp	18.9%-5.2pp	24.1%-2.3pp	26.4%+2.8pp	23.6%-1.4pp	25.0%-0.8pp	25.8%-2.5pp	28.3%+6.5pp	21.8%-0.4pp	22.2%-3.2pp	25.4%-4.3pp	29.7%-0.7pp	30.4%
Operating Margin	7.6%+0.2pp	7.4%-3.2pp	10.6%+8.9pp	1.7%-3.3pp	4.9%+0.1pp	4.8%+6.9pp	-2.1%+0.9pp	-3.0%-2.6pp	-0.4%-5.3pp	4.9%+1.7pp	3.2%0.0pp	3.3%-4.1pp	7.4%-2.5pp	9.8%+2.6pp	7.3%
Net Margin	6.5%+1.7pp	4.8%-2.3pp	7.1%+6.4pp	0.7%-2.1pp	2.8%-0.4pp	3.2%+2.7pp	0.5%+3.5pp	-3.0%-2.7pp	-0.3%-3.1pp	2.8%+1.4pp	1.4%-0.1pp	1.5%-3.1pp	4.6%-1.7pp	6.3%+2.2pp	4.1%
Return on Equity	16.2%+3.6pp	12.6%-6.3pp	18.8%+16.9pp	1.9%-4.8pp	6.7%-0.2pp	6.9%+5.9pp	1.1%+8.3pp	-7.3%-6.5pp	-0.7%-7.9pp	7.2%+2.8pp	4.4%0.0pp	4.4%-7.2pp	11.6%-2.7pp	14.3%+6.2pp	8.1%
Return on Assets	13.1%+3.2pp	10.0%-3.9pp	13.9%+12.6pp	1.3%-3.3pp	4.7%-0.6pp	5.3%+4.5pp	0.8%+6.2pp	-5.4%-4.9pp	-0.5%-5.9pp	5.3%+2.3pp	3.0%0.0pp	3.1%-4.8pp	7.8%-2.7pp	10.5%+4.9pp	5.5%
Current Ratio	2.23-0.6x	2.81+0.5x	2.30+0.2x	2.07-0.3x	2.41-0.4x	2.85+0.8x	2.02-0.5x	2.54+0.7x	1.87-1.1x	2.94+0.4x	2.50-0.3x	2.830.0x	2.79-0.4x	3.17+0.8x	2.36
Debt-to-Equity	0.230.0x	0.26+0.2x	0.050.0x	0.050.0x	0.07+0.1x	0.00-0.3x	0.320.0x	0.34+0.2x	0.130.0x	0.150.0x	0.160.0x	0.180.0x	0.21+0.1x	0.130.0x	0.16
Asset Turnover	2.01-0.1x	2.06+0.1x	1.96-0.1x	2.05+0.4x	1.680.0x	1.670.0x	1.64-0.2x	1.820.0x	1.84-0.1x	1.90-0.2x	2.11+0.1x	2.05+0.3x	1.710.0x	1.68+0.3x	1.36
FCF Margin	-7.7%-11.1pp	3.4%-4.5pp	7.9%+7.5pp	0.4%-2.7pp	3.1%-1.3pp	4.4%+1.6pp	2.8%+3.2pp	-0.4%+0.9pp	-1.3%-2.8pp	1.5%-1.9pp	3.5%+2.4pp	1.1%+3.5pp	-2.4%-8.2pp	5.8%+2.1pp	3.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	19.5%-9.1pp	27.5%+3.6pp	27.8%+2.4pp	28.7%+3.0pp	28.6%+1.6pp	23.9%-1.9pp	25.4%-2.7pp	25.7%-1.5pp
Operating Margin	0.9%-9.8pp	10.0%+6.6pp	6.8%+5.3pp	8.8%-0.3pp	10.8%-0.2pp	3.4%-4.6pp	1.5%-12.1pp	9.1%-3.2pp
Net Margin	0.2%-7.7pp	7.4%-0.3pp	4.6%+4.9pp	6.2%-0.3pp	7.9%+0.2pp	7.7%+2.2pp	-0.3%-9.8pp	6.5%-1.9pp
Return on Equity	0.1%-5.3pp	5.2%+0.4pp	3.0%+3.2pp	4.3%+0.1pp	5.4%-0.2pp	4.8%+1.0pp	-0.2%-6.8pp	4.2%-1.9pp
Return on Assets	0.1%-4.2pp	3.9%+0.1pp	2.4%+2.6pp	3.2%0.0pp	4.3%-0.1pp	3.8%+0.9pp	-0.2%-5.0pp	3.3%-1.0pp
Current Ratio	2.09-0.9x	2.14-0.8x	2.23-0.6x	2.30-0.4x	3.03+0.2x	2.89+0.4x	2.81+0.5x	2.68+0.4x
Debt-to-Equity	0.57+0.3x	0.33+0.1x	0.230.0x	0.320.0x	0.250.0x	0.26+0.2x	0.26+0.2x	0.28+0.2x
Asset Turnover	0.510.0x	0.520.0x	0.520.0x	0.520.0x	0.550.0x	0.490.0x	0.520.0x	0.500.0x
FCF Margin	-13.2%-16.1pp	-10.6%-5.4pp	-31.5%-23.3pp	9.8%-3.1pp	3.0%-7.4pp	-5.1%-3.1pp	-8.2%-16.7pp	12.8%-0.7pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Lifeway Foods Inc LWAY	FY2025	$212.5M	$13.9M	6.5%	$371.8M	63/100
Westrock Coffee Company WEST	FY2025	$1.2B	-$90.4M	-7.6%	$751.7M	26/100
Oatly Group AB American OTLY	FY2025	$862.5M	-$153.1M	-17.8%	$399.9M	18/100
USANA Health Sciences Inc USNA	FY2025	$925.3M	$10.8M	1.2%	$277.5M	54/100
Mama's Creations, Inc. MAMA	FY2026	$171.7M	$5.3M	3.1%	$694.0M	69/100
Seneca Foods Corp SENEA	FY2026	N/A	$114.7M	N/A	$1.3B	—

Where Lifeway Foods Inc Ranks

Frequently Asked Questions

What is Lifeway Foods Inc's annual revenue?

Lifeway Foods Inc (LWAY) reported $212.5M in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lifeway Foods Inc's revenue growing?

Lifeway Foods Inc (LWAY) revenue grew by 13.7% year-over-year, from $186.8M to $212.5M in fiscal year 2025.

Is Lifeway Foods Inc profitable?

Yes, Lifeway Foods Inc (LWAY) reported a net income of $13.9M in fiscal year 2025, with a net profit margin of 6.5%.

What is Lifeway Foods Inc's EBITDA?

Lifeway Foods Inc (LWAY) had EBITDA of $20.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Lifeway Foods Inc's gross margin?

Lifeway Foods Inc (LWAY) had a gross margin of 27.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lifeway Foods Inc's operating margin?

Lifeway Foods Inc (LWAY) had an operating margin of 7.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lifeway Foods Inc's net profit margin?

Lifeway Foods Inc (LWAY) had a net profit margin of 6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Lifeway Foods Inc's return on equity (ROE)?

Lifeway Foods Inc (LWAY) has a return on equity of 16.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Lifeway Foods Inc's free cash flow?

Lifeway Foods Inc (LWAY) recorded an outflow of $16.4M in free cash flow during fiscal year 2025. This represents a -362.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lifeway Foods Inc's operating cash flow?

Lifeway Foods Inc (LWAY) generated $10.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lifeway Foods Inc's total assets?

Lifeway Foods Inc (LWAY) had $105.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lifeway Foods Inc's capital expenditures?

Lifeway Foods Inc (LWAY) invested $27.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Lifeway Foods Inc have outstanding?

Lifeway Foods Inc (LWAY) had 15M shares outstanding as of fiscal year 2025.

What is Lifeway Foods Inc's current ratio?

Lifeway Foods Inc (LWAY) had a current ratio of 2.23 as of fiscal year 2025, which is generally considered healthy.

What is Lifeway Foods Inc's debt-to-equity ratio?

Lifeway Foods Inc (LWAY) had a debt-to-equity ratio of 0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lifeway Foods Inc's return on assets (ROA)?

Lifeway Foods Inc (LWAY) had a return on assets of 13.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Lifeway Foods Inc's P/E ratio?

Lifeway Foods Inc (LWAY) trades at 34.2x earnings, its market capitalization divided by net income of $10.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $371.8M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Lifeway Foods Inc's price-to-sales ratio?

Lifeway Foods Inc (LWAY) trades at 1.5x sales, its market capitalization divided by revenue of $242.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $371.8M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Lifeway Foods Inc's Altman Z-Score?

Lifeway Foods Inc (LWAY) has an Altman Z-Score of 15.20, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lifeway Foods Inc's Piotroski F-Score?

Lifeway Foods Inc (LWAY) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lifeway Foods Inc's earnings high quality?

Lifeway Foods Inc (LWAY) has an earnings quality ratio of 0.79x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Lifeway Foods Inc cover its interest payments?

Lifeway Foods Inc (LWAY) has an interest coverage ratio of 210.03x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Lifeway Foods Inc?

Lifeway Foods Inc (LWAY) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.