Saturday 17 October 2026
Export LWAY’s income statement to Excel — free account
Lifeway Foods, Inc.
LWAY Consumer Defensive Packaged Foods
Lifeway Foods, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $212.5 million, up 13.7% from fiscal 2024. In the quarter to June 2026, revenue grew 24.1%, EPS fell 96.4% and free cash flow fell 598.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
22.09
0.12
−0.54%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
52.09 | 0.00 | 0.00 | 56.21 | 25.76 | 22.45 | 97.23 | 17.17 | 40.00 | 26.63 |
Piotroski F-Score |
9 | 4 | 4 | 6 | 9 | 5 | 6 | 9 | 6 | 5 |
P/S ratio |
1.46 | 1.14 | 0.29 | 0.33 | 0.83 | 0.60 | 0.61 | 1.23 | 1.96 | 1.73 |
Altman Z-Score |
10.24 | 7.42 | 4.27 | 4.26 | 6.90 | 5.27 | 5.90 | 9.65 | 15.89 | 15.09 |
P/FCF ratio |
88.74 | 0.00 | 0.00 | 9.93 | 18.77 | 19.62 | 160.83 | 15.55 | 58.32 | 0.00 |
Altman Z″-Score (non-manufacturers) |
7.97 | 6.35 | 6.72 | 6.88 | 8.30 | 6.96 | 6.46 | 8.75 | 9.81 | 9.59 |
Beneish M-Score |
(2.68) | (2.66) | (3.11) | (2.77) | (2.63) | (2.38) | (2.42) | (2.77) | (2.53) | (2.31) |
P/Operating CF |
306.15 | (355.07) | 420.27 | (27.44) | 81.37 | (245.60) | 248.64 | 40.94 | (142.02) | 1,379.39 |
P/B ratio |
3.74 | 2.90 | 0.70 | 0.72 | 1.80 | 1.45 | 1.82 | 3.25 | 5.09 | 4.29 |
Price to Tangible BV |
5.54 | 4.29 | 1.02 | 1.04 | 2.57 | 2.43 | 3.04 | 4.69 | 6.80 | 5.39 |
EV/Sales |
1.44 | 1.12 | 0.32 | 0.33 | 0.80 | 0.60 | 0.64 | 1.17 | 1.89 | 1.73 |
EV/EBITDA |
19.59 | 51.59 | 20.38 | 21.73 | 10.04 | 8.14 | 16.93 | 9.30 | 20.51 | 18.20 |
EV/Operating CF |
34.95 | 35.04 | 13.59 | 8.01 | 12.84 | 12.80 | 22.60 | 11.06 | 27.27 | 33.50 |
EV/FCF |
87.50 | (89.96) | (108.37) | 9.68 | 18.24 | 19.56 | 167.46 | 14.84 | 56.30 | (22.50) |
Quick Ratio |
2.00 | 1.21 | 1.61 | 1.18 | 1.89 | 1.62 | 1.22 | 1.63 | 2.11 | 1.35 |
Current Ratio |
2.94 | 1.87 | 2.54 | 2.02 | 2.85 | 2.41 | 2.07 | 2.30 | 2.81 | 2.23 |
Net Debt/EBITDA |
(0.28) | (0.72) | 1.86 | (0.78) | (0.63) | (0.34) | 0.15 | (0.58) | (0.97) | (0.28) |
Debt/Assets |
9.63% | 4.82% | 10.55% | 4.82% | 4.52% | 8.81% | 7.61% | 1.82% | 0.00% | 0.00% |
Debt/Equity |
0.13 | 0.07 | 0.14 | 0.06 | 0.06 | 0.13 | 0.11 | 0.02 | 0.00 | 0.00 |
Asset Turnover |
1.90 | 1.83 | 1.70 | 1.65 | 1.73 | 1.80 | 2.02 | 2.13 | 2.17 | 2.17 |
Operating CF/Net income |
1.47 | (11.01) | (0.78) | 8.41 | 1.98 | 1.68 | 4.31 | 1.49 | 1.44 | 0.79 |
Capex/Depreciation |
(1.01) | (1.70) | (0.58) | (0.20) | (0.58) | (0.67) | (1.16) | (1.36) | (1.97) | (6.85) |
Interest Coverage |
27.66 | (2.17) | (11.48) | (7.76) | 41.72 | 50.69 | 8.80 | 44.26 | 131.92 | 210.03 |
| 7.43% | (0.73%) | (6.94%) | 1.06% | 7.17% | 6.90% | 1.91% | 21.05% | 13.64% | 17.57% | |
| 5.35% | (0.53%) | (5.09%) | 0.80% | 5.47% | 5.01% | 1.32% | 15.09% | 10.48% | 14.13% | |
ROIC |
8.30% | (0.74%) | (4.28%) | (2.87%) | 7.38% | 7.96% | 3.03% | 21.80% | 15.69% | 12.60% |
Return on Tangible Assets |
8.70% | (0.96%) | (8.56%) | 1.42% | 8.82% | 8.92% | 2.65% | 25.63% | 16.42% | 20.17% |
Average Days of Receivables |
29.18 | 33.84 | 31.87 | 28.73 | 28.74 | 31.50 | 29.54 | 31.63 | 31.37 | 29.15 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
22.80% | 25.70% | 26.21% | 25.51% | 21.42% | 19.07% | 16.88% | 15.55% | 18.30% | 19.53% |
Intangible Assets out of Total Assets |
0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.28 | 0.28 | 0.23 | 0.20 | 0.17 |
Share Based Compensation of Revenue |
0.26% | 0.50% | 0.78% | 0.89% | 0.39% | 0.96% | 0.78% | 0.93% | 1.31% | 0.92% |
Graham Net Nets |
0.06 | 0.05 | 0.15 | 0.17 | 0.11 | 0.10 | 0.06 | 0.09 | 0.07 | 0.05 |
Graham Number |
3.81 | 0.00 | 0.00 | 1.48 | 3.77 | 3.82 | 2.00 | 8.50 | 8.24 | 10.75 |
Earnings Yield |
1.92% | (0.32%) | (10.40%) | 1.78% | 3.88% | 4.45% | 1.03% | 5.83% | 2.50% | 3.76% |
Free Cash Flow Yield |
1.13% | (1.10%) | (1.02%) | 10.07% | 5.33% | 5.10% | 0.62% | 6.43% | 1.71% | (4.43%) |
Revenue per Share |
7.67 | 7.38 | 6.51 | 5.95 | 6.54 | 7.66 | 9.20 | 10.92 | 12.65 | 13.98 |
Operating CF per Share |
0.32 | 0.24 | 0.15 | 0.24 | 0.41 | 0.36 | 0.26 | 1.16 | 0.88 | 0.72 |
Capex per Share |
(0.19) | (0.33) | (0.17) | (0.04) | (0.12) | (0.12) | (0.22) | (0.29) | (0.45) | (1.79) |
Free Cash Flow per Share |
0.13 | (0.09) | (0.02) | 0.20 | 0.29 | 0.23 | 0.03 | 0.86 | 0.43 | (1.07) |
Cash per Share |
0.55 | 0.31 | 0.19 | 0.24 | 0.51 | 0.59 | 0.29 | 0.90 | 1.13 | 0.37 |
Shareholders Equity per Share |
2.99 | 2.89 | 2.67 | 2.75 | 3.00 | 3.16 | 3.09 | 4.12 | 4.87 | 5.65 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
2.99 | 2.89 | 2.67 | 2.75 | 3.00 | 3.16 | 3.09 | 4.12 | 4.87 | 5.65 |
Free Cash Flow |
2.04 | (1.48) | (0.30) | 3.16 | 4.50 | 3.64 | 0.54 | 12.63 | 6.28 | (16.30) |
Working Capital |
18.16 | 11.48 | 11.46 | 9.68 | 15.61 | 16.98 | 13.94 | 21.58 | 28.10 | 20.42 |
Capital Expenditures |
(3.06) | (5.29) | (2.72) | (0.66) | (1.89) | (1.92) | (3.45) | (4.31) | (6.68) | (27.25) |
Net Current Asset Value |
10.69 | 6.75 | 4.51 | 5.46 | 9.66 | 7.30 | 5.55 | 16.98 | 24.97 | 17.27 |
EV/EBIT |
29.32 | 0.00 | 0.00 | 0.00 | 16.65 | 12.12 | 38.35 | 11.03 | 25.52 | 22.68 |
Capex to Sales |
0.02 | 0.04 | 0.03 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.13 |
Price to Operating Income |
29.73 | 0.00 | 0.00 | 0.00 | 17.14 | 12.15 | 36.84 | 11.56 | 26.44 | 22.77 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.14 | 0.13 | 0.19 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.13 | 0.08 |
Cash ROIC |
3.21% | (2.71%) | (0.59%) | 6.33% | 7.81% | 5.64% | 0.94% | 16.82% | 7.08% | (17.83%) |
Accounts Receivable Turnover |
12.24 | 11.36 | 10.31 | 11.42 | 13.25 | 13.01 | 13.03 | 12.64 | 12.48 | 12.87 |
Accounts Payable Turnover |
12.59 | 14.04 | 13.57 | 14.52 | 13.81 | 14.81 | 15.73 | 13.11 | 13.57 | 14.41 |
Inventory Turnover |
11.31 | 11.21 | 11.47 | 11.71 | 11.27 | 11.88 | 12.81 | 12.56 | 15.55 | 15.00 |
Average Days of Payables |
23.49 | 28.34 | 21.53 | 26.96 | 27.18 | 26.72 | 25.37 | 30.94 | 27.46 | 26.04 |
Days of Inventory on Hand |
33.04 | 31.85 | 27.40 | 32.62 | 33.68 | 33.47 | 30.63 | 28.24 | 22.91 | 28.13 |
Average Receivables |
10.12 | 10.46 | 10.02 | 8.20 | 7.70 | 9.15 | 10.87 | 12.67 | 14.97 | 16.51 |
Average Payables |
7.06 | 6.28 | 5.71 | 4.93 | 5.44 | 6.10 | 7.30 | 8.98 | 10.19 | 10.70 |
Average Inventory |
7.85 | 7.87 | 6.76 | 6.10 | 6.66 | 7.61 | 8.96 | 9.37 | 8.89 | 10.28 |
Average Assets |
65.07 | 64.87 | 60.66 | 56.90 | 59.12 | 66.06 | 69.94 | 75.33 | 86.10 | 98.08 |
Average Common Equity |
46.81 | 47.48 | 44.50 | 42.83 | 45.05 | 47.99 | 48.35 | 54.00 | 66.17 | 78.87 |
Columns are period end dates