Saturday 17 October 2026 Export LWAY’s income statement to Excel — free account

Lifeway Foods, Inc.

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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Market cap: $335.5M
P/E: 30.7×
Fwd P/E: 23.4×
Dividend yield: —
F-score: 5/9
Altman Z: 15.09
Beneish M: −2.31
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 16.75

Total sells 93.24

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	2	—	—	2	—	1
Sell	—	3	—	—	3	1	3	5	3	1	—	1

Insider Ownership 35.23%

Capital & Financial Ratios $m

Market Cap 335.52

Revenue 242.41

Net Income 10.87

Free Cash Flow (30.89)

Net Debt 14.86

Current Ratio 2.09

Debt/Equity 0.26

P/E ratio 30.68

Fwd P/E 23.40

P/S ratio 1.38

P/B ratio 3.96

Past 5Y EPS Growth 34.79%

This Y EPS Growth (41.60%)

Next Y EPS Growth 145.87%

Next Y revenue growth 23.58%

Next 5Y EPS Growth 18.74%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 41.78%

10-year low 10-year high

P/S against its own 10 years 70.33%

10-year low 10-year high

P/B against its own 10 years 76.70%

10-year low 10-year high

EV/Sales against its own 10 years 74.01%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	13	17	6	7
Receivables	14	16	17	24
Inventory	9	9	12	14
Other	—	—	—	—
	38	44	37	47

	2023	2024	2025	Q'26
Payables	10	10	11	17
ST’ Debt	—	—	—	—
Other	—	—	—	—
	17	16	17	23

Compound Annual Growth %

	10y	5y	3y
Sales	6.01%	15.81%	14.50%
Cash Flow	4.96%	11.39%	40.03%
Earnings	21.53%	33.80%	146.62%
Book Value	6.61%	12.87%	21.74%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	63	67	—	—	—
’25	46	54	57	55	212
’24	45	49	46	47	187
’23	38	39	41	42	160
’22	34	33	38	36	142
’21	29	29	30	31	119
’20	25	25	26	26	102

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4	0	—	—	—
’25	0	4	7	0	11
’24	2	7	7	(3)	13
’23	3	2	7	5	17
’22	(1)	0	4	0	4
’21	1	2	2	0	6
’20	(1)	3	3	1	6

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(7)	(9)	—	—	—
’25	(2)	2	2	(17)	(16)
’24	(1)	5	6	(4)	6
’23	1	2	6	4	13
’22	(1)	(1)	3	0	1
’21	1	2	2	(1)	4
’20	(1)	3	3	0	4

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.30	0.01	—	—	—
’25	0.23	0.28	0.23	0.16	0.89
’24	0.16	0.25	0.19	(0.01)	0.60
’23	0.06	0.21	0.23	0.26	0.75
’22	(0.06)	0.01	0.06	0.05	0.06
’21	0.08	0.10	0.03	(0.01)	0.21
’20	0.01	0.06	0.12	0.02	0.20

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.68	7.20	1.81	1.84	1.43	4.51	4.55	5.26	9.93	19.50	Analyst estimates 2026–2028 Powerpack
	High	18.48	12.09	8.66	4.75	8.89	7.20	9.00	17.33	28.61	34.20
People
People	Employees	320	340	322	307	316	282	291	289	291	295
	Revenue/emp, $m	0.39	0.35	0.32	0.31	0.32	0.42	0.49	0.55	0.64	0.72
Income, $m
Income, $m	Revenue	124	119	103	94	102	119	142	160	187	212
	Gross margin, %	28.28	25.82	25.02	23.65	26.40	24.11	18.92	26.51	26.00	27.39
	EBT	6	(1)	(3)	1	5	6	2	17	14	20
	EBT margin, %	4.55	(0.68)	(3.20)	1.32	4.73	4.72	1.30	10.40	7.48	9.26
	Net income	3	0	(3)	0	3	3	1	11	9	14
	Depreciation	3	3	5	3	3	3	3	3	3	4
Per share, $
Per share, $	Revenue	7.67	7.38	6.51	5.95	6.54	7.66	9.20	10.92	12.65	13.98
	Earnings	0.22	(0.02)	(0.19)	0.03	0.21	0.21	0.06	0.77	0.61	0.91
	Cash flow	0.32	0.24	0.15	0.24	0.41	0.36	0.26	1.16	0.88	0.72
	Capex	(0.19)	(0.33)	(0.17)	(0.04)	(0.12)	(0.12)	(0.22)	(0.29)	(0.45)	(1.79)
	Free cash flow	0.13	(0.09)	(0.02)	0.20	0.29	0.23	0.03	0.86	0.43	(1.07)
	Book value	2.99	2.89	2.67	2.75	3.00	3.16	3.09	4.12	4.87	5.65
	Shares, m	16	16	16	16	16	16	15	15	15	15
Valuation, ×
Valuation, ×	P/E	52.09	0.00	0.00	56.21	25.76	22.45	97.23	17.17	40.00	26.63
	P/S	1.46	1.14	0.29	0.33	0.83	0.60	0.61	1.23	1.96	1.73
	P/B	3.74	2.90	0.70	0.72	1.80	1.45	1.82	3.25	5.09	4.29
	EV/Sales	1.44	1.12	0.32	0.33	0.80	0.60	0.64	1.17	1.89	1.73
	EV/FCF	87.50	(89.96)	(108.37)	9.68	18.24	19.56	167.46	14.84	56.30	(22.50)
Cash, $m
Cash, $m	Operating cash flow	5	4	2	4	6	6	4	17	13	11
	Capex	(3)	(5)	(3)	(1)	(2)	(2)	(3)	(4)	(7)	(27)
	Free cash flow	2	(1)	0	3	4	4	1	13	6	(16)
Balance, $m
Balance, $m	Working capital	18	11	11	10	16	17	14	22	28	20
	Total debt	6	3	6	3	3	6	5	1	—	—
	Net debt	(3)	(2)	3	(1)	(5)	(3)	1	(12)	(17)	(6)
	Shareholders’ equity	48	47	42	43	47	49	48	60	72	86
Returns, %
Returns, %	ROA	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
	ROE	7.43	(0.73)	(6.94)	1.06	7.17	6.90	1.91	21.05	13.64	17.57

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MAMA Mama's Creations, Inc.	$625.6M	74.1×	67.6×	+55.05% (above 0%: growing)	+100.00% (above 0%: growing)	+373.41% (above 0%: growing)	23.96%	5.48%	Compare
ENHA Enhanced Group Inc.	$498.5M	17.1×	—	—	n/m	−483.42% (below 0%: shrinking)	100.00%	(349.85%)	Compare
OTLY Oatly Group AB Sponsored ADR	$356.4M	— (loss-making)	— (loss-making)	+15.23% (above 0%: growing)	n/m	+89.27% (above 0%: growing)	33.89%	(7.21%)	Compare
PRE Prenetics Global Limited	$347.3M	— (loss-making)	— (loss-making)	+288.57% (above 0%: growing)	n/m	−297.16% (below 0%: shrinking)	64.97%	(45.13%)	Compare
LWAY Lifeway Foods, Inc.	$335.5M	30.7×	23.4×	+24.10% (above 0%: growing)	−96.43% (below 0%: shrinking)	−598.84% (below 0%: shrinking)	19.47%	0.90%
USNA USANA Health Sciences, Inc.	$284.2M	— (loss-making)	14.0×	−5.33% (below 0%: shrinking)	n/m	+180.61% (above 0%: growing)	78.35%	(8.96%)	Compare
BRCC BRC Inc.	$263.3M	— (loss-making)	43.0×	+12.85% (above 0%: growing)	n/m	+226.39% (above 0%: growing)	34.09%	1.03%	Compare
NATR Nature's Sunshine Products, Inc.	$222.4M	12.4×	16.4×	+1.95% (above 0%: growing)	−31.03% (below 0%: shrinking)	−164.92% (below 0%: shrinking)	73.66%	4.69%	Compare
BGS B&G Foods, Inc.	$196.7M	— (loss-making)	— (loss-making)	−9.70% (below 0%: shrinking)	n/m	+19.28% (above 0%: growing)	20.78%	9.02%	Compare
Median of peers	$315.8M	17.1×	29.7×	+12.85%	—	+54.28%	49.53%	(3.09%)

All 71 Packaged Foods stocks →

Lifeway Foods, Inc. (LWAY) key facts

Strength: Lifeway Foods, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $212.5 million, up 13.7% from fiscal 2024.
Lifeway Foods, Inc. (LWAY) is a Packaged Foods company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, LWAY traded at $22.09, a market capitalization of $335.5 million.
Return on equity was 17.6% and debt-to-equity 0.26.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 15.09 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.