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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $55.4M, roughly 2.0× Lifeway Foods, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 4.6%, a 1.5% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 1.8%). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
AAT vs LWAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $55.4M |
| Net Profit | $6.7M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | 23.4% | 6.8% |
| Net Margin | 6.1% | 4.6% |
| Revenue YoY | 1.8% | 18.0% |
| Net Profit YoY | -16.3% | 1688.1% |
| EPS (diluted) | $0.08 | $0.15 |
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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $55.4M | ||
| Q3 25 | $109.6M | $57.1M | ||
| Q2 25 | $107.9M | $53.9M | ||
| Q1 25 | $108.6M | $46.1M | ||
| Q4 24 | $113.5M | $46.9M | ||
| Q3 24 | $122.8M | $46.1M | ||
| Q2 24 | $110.9M | $49.2M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $2.5M | ||
| Q3 25 | $4.5M | $3.5M | ||
| Q2 25 | $5.5M | $4.2M | ||
| Q1 25 | $42.5M | $3.5M | ||
| Q4 24 | — | $-160.0K | ||
| Q3 24 | $16.7M | $3.0M | ||
| Q2 24 | $11.9M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 27.8% | ||
| Q3 25 | 60.5% | 28.7% | ||
| Q2 25 | 62.6% | 28.6% | ||
| Q1 25 | 62.0% | 23.9% | ||
| Q4 24 | 61.3% | 25.3% | ||
| Q3 24 | 65.5% | 25.7% | ||
| Q2 24 | 63.6% | 27.0% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 6.8% | ||
| Q3 25 | 22.6% | 8.8% | ||
| Q2 25 | 24.1% | 10.8% | ||
| Q1 25 | 66.3% | 3.4% | ||
| Q4 24 | 26.5% | 1.5% | ||
| Q3 24 | 30.8% | 9.1% | ||
| Q2 24 | 27.8% | 11.0% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 4.1% | 6.2% | ||
| Q2 25 | 5.1% | 7.9% | ||
| Q1 25 | 39.2% | 7.7% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | 13.6% | 6.5% | ||
| Q2 24 | 10.7% | 7.7% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.15 | ||
| Q3 25 | $0.07 | $0.23 | ||
| Q2 25 | $0.09 | $0.28 | ||
| Q1 25 | $0.70 | $0.23 | ||
| Q4 24 | $0.14 | $0.00 | ||
| Q3 24 | $0.28 | $0.19 | ||
| Q2 24 | $0.20 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $85.8M |
| Total Assets | $2.9B | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $5.6M | ||
| Q3 25 | $138.7M | $23.0M | ||
| Q2 25 | $143.7M | $21.2M | ||
| Q1 25 | $143.9M | $19.4M | ||
| Q4 24 | $425.7M | $16.7M | ||
| Q3 24 | $533.0M | $20.6M | ||
| Q2 24 | $114.9M | $14.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $85.8M | ||
| Q3 25 | $1.2B | $82.8M | ||
| Q2 25 | $1.2B | $78.7M | ||
| Q1 25 | $1.2B | $74.2M | ||
| Q4 24 | $1.2B | $71.9M | ||
| Q3 24 | $1.2B | $71.5M | ||
| Q2 24 | $1.2B | $68.0M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $105.6M | ||
| Q3 25 | $2.9B | $109.5M | ||
| Q2 25 | $3.0B | $98.3M | ||
| Q1 25 | $3.0B | $93.7M | ||
| Q4 24 | $3.3B | $90.5M | ||
| Q3 24 | $3.4B | $91.3M | ||
| Q2 24 | $3.0B | $84.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $267.0K |
| Free Cash FlowOCF − Capex | — | $-17.4M |
| FCF MarginFCF / Revenue | — | -31.5% |
| Capex IntensityCapex / Revenue | 14.5% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $267.0K | ||
| Q3 25 | $40.5M | $6.9M | ||
| Q2 25 | $49.2M | $3.9M | ||
| Q1 25 | $36.9M | $-150.0K | ||
| Q4 24 | $207.1M | $-2.6M | ||
| Q3 24 | $52.4M | $7.5M | ||
| Q2 24 | $59.3M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $-17.4M | ||
| Q3 25 | $23.1M | $1.8M | ||
| Q2 25 | $28.4M | $1.6M | ||
| Q1 25 | $20.4M | $-2.4M | ||
| Q4 24 | $136.9M | $-3.8M | ||
| Q3 24 | $28.0M | $5.9M | ||
| Q2 24 | $43.6M | $5.1M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | -31.5% | ||
| Q3 25 | 21.1% | 3.1% | ||
| Q2 25 | 26.3% | 3.0% | ||
| Q1 25 | 18.8% | -5.1% | ||
| Q4 24 | 120.7% | -8.2% | ||
| Q3 24 | 22.8% | 12.8% | ||
| Q2 24 | 39.3% | 10.4% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 31.9% | ||
| Q3 25 | 15.9% | 9.0% | ||
| Q2 25 | 19.3% | 4.3% | ||
| Q1 25 | 15.1% | 4.8% | ||
| Q4 24 | 61.9% | 2.7% | ||
| Q3 24 | 19.9% | 3.3% | ||
| Q2 24 | 14.1% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.11× | ||
| Q3 25 | 8.98× | 1.96× | ||
| Q2 25 | 9.01× | 0.92× | ||
| Q1 25 | 0.87× | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 2.50× | ||
| Q2 24 | 4.98× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
