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Side-by-side financial comparison of C3.ai, Inc. (AI) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $55.4M, roughly 1.4× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -139.3%, a 143.9% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -20.3%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-46.9M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
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.
AI vs LWAY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $55.4M |
| Net Profit | $-104.7M | $2.5M |
| Gross Margin | 40.4% | 27.8% |
| Operating Margin | -149.2% | 6.8% |
| Net Margin | -139.3% | 4.6% |
| Revenue YoY | -20.3% | 18.0% |
| Net Profit YoY | -58.7% | 1688.1% |
| EPS (diluted) | $-0.75 | $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.
| Q4 25 | $75.1M | $55.4M | ||
| Q3 25 | $70.3M | $57.1M | ||
| Q2 25 | $108.7M | $53.9M | ||
| Q1 25 | $98.8M | $46.1M | ||
| Q4 24 | $94.3M | $46.9M | ||
| Q3 24 | $87.2M | $46.1M | ||
| Q2 24 | $86.6M | $49.2M | ||
| Q1 24 | $78.4M | $44.6M |
| Q4 25 | $-104.7M | $2.5M | ||
| Q3 25 | $-116.8M | $3.5M | ||
| Q2 25 | $-79.7M | $4.2M | ||
| Q1 25 | $-80.2M | $3.5M | ||
| Q4 24 | $-66.0M | $-160.0K | ||
| Q3 24 | $-62.8M | $3.0M | ||
| Q2 24 | $-72.9M | $3.8M | ||
| Q1 24 | $-72.6M | $2.4M |
| Q4 25 | 40.4% | 27.8% | ||
| Q3 25 | 37.6% | 28.7% | ||
| Q2 25 | 62.1% | 28.6% | ||
| Q1 25 | 59.1% | 23.9% | ||
| Q4 24 | 61.3% | 25.3% | ||
| Q3 24 | 59.8% | 25.7% | ||
| Q2 24 | 59.6% | 27.0% | ||
| Q1 24 | 57.8% | 25.8% |
| Q4 25 | -149.2% | 6.8% | ||
| Q3 25 | -177.7% | 8.8% | ||
| Q2 25 | -81.8% | 10.8% | ||
| Q1 25 | -88.7% | 3.4% | ||
| Q4 24 | -79.8% | 1.5% | ||
| Q3 24 | -83.2% | 9.1% | ||
| Q2 24 | -95.1% | 11.0% | ||
| Q1 24 | -105.3% | 8.0% |
| Q4 25 | -139.3% | 4.6% | ||
| Q3 25 | -166.2% | 6.2% | ||
| Q2 25 | -73.3% | 7.9% | ||
| Q1 25 | -81.2% | 7.7% | ||
| Q4 24 | -69.9% | -0.3% | ||
| Q3 24 | -72.0% | 6.5% | ||
| Q2 24 | -84.2% | 7.7% | ||
| Q1 24 | -92.6% | 5.4% |
| Q4 25 | $-0.75 | $0.15 | ||
| Q3 25 | $-0.86 | $0.23 | ||
| Q2 25 | $-0.60 | $0.28 | ||
| Q1 25 | $-0.62 | $0.23 | ||
| Q4 24 | $-0.52 | $0.00 | ||
| Q3 24 | $-0.50 | $0.19 | ||
| Q2 24 | $-0.59 | $0.25 | ||
| Q1 24 | $-0.60 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $85.8M |
| Total Assets | $961.3M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $5.6M | ||
| Q3 25 | $711.9M | $23.0M | ||
| Q2 25 | $742.7M | $21.2M | ||
| Q1 25 | $724.3M | $19.4M | ||
| Q4 24 | $730.4M | $16.7M | ||
| Q3 24 | $762.5M | $20.6M | ||
| Q2 24 | $750.4M | $14.6M | ||
| Q1 24 | $723.3M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $771.9M | $85.8M | ||
| Q3 25 | $798.8M | $82.8M | ||
| Q2 25 | $838.3M | $78.7M | ||
| Q1 25 | $860.2M | $74.2M | ||
| Q4 24 | $859.0M | $71.9M | ||
| Q3 24 | $874.9M | $71.5M | ||
| Q2 24 | $873.4M | $68.0M | ||
| Q1 24 | $898.0M | $63.5M |
| Q4 25 | $961.3M | $105.6M | ||
| Q3 25 | $968.7M | $109.5M | ||
| Q2 25 | $1.0B | $98.3M | ||
| Q1 25 | $1.1B | $93.7M | ||
| Q4 24 | $1.0B | $90.5M | ||
| Q3 24 | $1.1B | $91.3M | ||
| Q2 24 | $1.0B | $84.9M | ||
| Q1 24 | $1.1B | $82.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
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 | $-46.5M | $267.0K |
| Free Cash FlowOCF − Capex | $-46.9M | $-17.4M |
| FCF MarginFCF / Revenue | -62.4% | -31.5% |
| Capex IntensityCapex / Revenue | 0.5% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $267.0K | ||
| Q3 25 | $-33.5M | $6.9M | ||
| Q2 25 | $11.3M | $3.9M | ||
| Q1 25 | $-22.0M | $-150.0K | ||
| Q4 24 | $-38.7M | $-2.6M | ||
| Q3 24 | $8.0M | $7.5M | ||
| Q2 24 | $21.3M | $6.5M | ||
| Q1 24 | $-39.1M | $1.5M |
| Q4 25 | $-46.9M | $-17.4M | ||
| Q3 25 | $-34.3M | $1.8M | ||
| Q2 25 | $10.3M | $1.6M | ||
| Q1 25 | $-22.4M | $-2.4M | ||
| Q4 24 | $-39.5M | $-3.8M | ||
| Q3 24 | $7.1M | $5.9M | ||
| Q2 24 | $18.8M | $5.1M | ||
| Q1 24 | $-45.1M | $-923.0K |
| Q4 25 | -62.4% | -31.5% | ||
| Q3 25 | -48.8% | 3.1% | ||
| Q2 25 | 9.5% | 3.0% | ||
| Q1 25 | -22.7% | -5.1% | ||
| Q4 24 | -41.9% | -8.2% | ||
| Q3 24 | 8.2% | 12.8% | ||
| Q2 24 | 21.7% | 10.4% | ||
| Q1 24 | -57.6% | -2.1% |
| Q4 25 | 0.5% | 31.9% | ||
| Q3 25 | 1.1% | 9.0% | ||
| Q2 25 | 0.9% | 4.3% | ||
| Q1 25 | 0.4% | 4.8% | ||
| Q4 24 | 0.9% | 2.7% | ||
| Q3 24 | 1.1% | 3.3% | ||
| Q2 24 | 2.9% | 2.9% | ||
| Q1 24 | 7.8% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
