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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.

Amalgamated Financial Corp. is the larger business by last-quarter revenue ($85.2M vs $55.4M, roughly 1.5× Lifeway Foods, Inc.). On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 9.4%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

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.

AMAL vs LWAY — Head-to-Head

Bigger by revenue
AMAL
AMAL
1.5× larger
AMAL
$85.2M
$55.4M
LWAY
Growing faster (revenue YoY)
LWAY
LWAY
+8.6% gap
LWAY
18.0%
9.4%
AMAL
More free cash flow
AMAL
AMAL
$151.8M more FCF
AMAL
$134.4M
$-17.4M
LWAY
Faster 2-yr revenue CAGR
LWAY
LWAY
Annualised
LWAY
11.4%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
LWAY
LWAY
Revenue
$85.2M
$55.4M
Net Profit
$2.5M
Gross Margin
27.8%
Operating Margin
39.0%
6.8%
Net Margin
4.6%
Revenue YoY
9.4%
18.0%
Net Profit YoY
1688.1%
EPS (diluted)
$0.88
$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.

Revenue
AMAL
AMAL
LWAY
LWAY
Q4 25
$85.2M
$55.4M
Q3 25
$85.6M
$57.1M
Q2 25
$80.9M
$53.9M
Q1 25
$77.0M
$46.1M
Q4 24
$77.9M
$46.9M
Q3 24
$81.0M
$46.1M
Q2 24
$78.5M
$49.2M
Q1 24
$78.3M
$44.6M
Net Profit
AMAL
AMAL
LWAY
LWAY
Q4 25
$2.5M
Q3 25
$26.8M
$3.5M
Q2 25
$26.0M
$4.2M
Q1 25
$25.0M
$3.5M
Q4 24
$-160.0K
Q3 24
$27.9M
$3.0M
Q2 24
$26.8M
$3.8M
Q1 24
$27.2M
$2.4M
Gross Margin
AMAL
AMAL
LWAY
LWAY
Q4 25
27.8%
Q3 25
28.7%
Q2 25
28.6%
Q1 25
23.9%
Q4 24
25.3%
Q3 24
25.7%
Q2 24
27.0%
Q1 24
25.8%
Operating Margin
AMAL
AMAL
LWAY
LWAY
Q4 25
39.0%
6.8%
Q3 25
42.9%
8.8%
Q2 25
43.8%
10.8%
Q1 25
45.1%
3.4%
Q4 24
42.4%
1.5%
Q3 24
47.2%
9.1%
Q2 24
45.6%
11.0%
Q1 24
49.2%
8.0%
Net Margin
AMAL
AMAL
LWAY
LWAY
Q4 25
4.6%
Q3 25
31.3%
6.2%
Q2 25
32.1%
7.9%
Q1 25
32.5%
7.7%
Q4 24
-0.3%
Q3 24
34.5%
6.5%
Q2 24
34.1%
7.7%
Q1 24
34.8%
5.4%
EPS (diluted)
AMAL
AMAL
LWAY
LWAY
Q4 25
$0.88
$0.15
Q3 25
$0.88
$0.23
Q2 25
$0.84
$0.28
Q1 25
$0.81
$0.23
Q4 24
$0.78
$0.00
Q3 24
$0.90
$0.19
Q2 24
$0.87
$0.25
Q1 24
$0.89
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMAL
AMAL
LWAY
LWAY
Cash + ST InvestmentsLiquidity on hand
$291.2M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$85.8M
Total Assets
$8.9B
$105.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
LWAY
LWAY
Q4 25
$291.2M
$5.6M
Q3 25
$115.5M
$23.0M
Q2 25
$171.1M
$21.2M
Q1 25
$65.7M
$19.4M
Q4 24
$60.7M
$16.7M
Q3 24
$149.2M
$20.6M
Q2 24
$58.0M
$14.6M
Q1 24
$155.2M
$12.0M
Total Debt
AMAL
AMAL
LWAY
LWAY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
AMAL
AMAL
LWAY
LWAY
Q4 25
$794.5M
$85.8M
Q3 25
$775.6M
$82.8M
Q2 25
$754.0M
$78.7M
Q1 25
$736.0M
$74.2M
Q4 24
$707.7M
$71.9M
Q3 24
$698.2M
$71.5M
Q2 24
$646.0M
$68.0M
Q1 24
$616.8M
$63.5M
Total Assets
AMAL
AMAL
LWAY
LWAY
Q4 25
$8.9B
$105.6M
Q3 25
$8.7B
$109.5M
Q2 25
$8.6B
$98.3M
Q1 25
$8.3B
$93.7M
Q4 24
$8.3B
$90.5M
Q3 24
$8.4B
$91.3M
Q2 24
$8.3B
$84.9M
Q1 24
$8.1B
$82.8M
Debt / Equity
AMAL
AMAL
LWAY
LWAY
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
AMAL
AMAL
LWAY
LWAY
Operating Cash FlowLast quarter
$135.8M
$267.0K
Free Cash FlowOCF − Capex
$134.4M
$-17.4M
FCF MarginFCF / Revenue
157.8%
-31.5%
Capex IntensityCapex / Revenue
1.6%
31.9%
Cash ConversionOCF / Net Profit
0.11×
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
LWAY
LWAY
Q4 25
$135.8M
$267.0K
Q3 25
$39.5M
$6.9M
Q2 25
$24.9M
$3.9M
Q1 25
$34.2M
$-150.0K
Q4 24
$124.1M
$-2.6M
Q3 24
$35.8M
$7.5M
Q2 24
$28.0M
$6.5M
Q1 24
$31.3M
$1.5M
Free Cash Flow
AMAL
AMAL
LWAY
LWAY
Q4 25
$134.4M
$-17.4M
Q3 25
$38.3M
$1.8M
Q2 25
$24.2M
$1.6M
Q1 25
$32.5M
$-2.4M
Q4 24
$122.3M
$-3.8M
Q3 24
$35.2M
$5.9M
Q2 24
$27.8M
$5.1M
Q1 24
$31.1M
$-923.0K
FCF Margin
AMAL
AMAL
LWAY
LWAY
Q4 25
157.8%
-31.5%
Q3 25
44.7%
3.1%
Q2 25
29.9%
3.0%
Q1 25
42.2%
-5.1%
Q4 24
157.0%
-8.2%
Q3 24
43.4%
12.8%
Q2 24
35.4%
10.4%
Q1 24
39.7%
-2.1%
Capex Intensity
AMAL
AMAL
LWAY
LWAY
Q4 25
1.6%
31.9%
Q3 25
1.4%
9.0%
Q2 25
0.9%
4.3%
Q1 25
2.3%
4.8%
Q4 24
2.3%
2.7%
Q3 24
0.7%
3.3%
Q2 24
0.3%
2.9%
Q1 24
0.3%
5.5%
Cash Conversion
AMAL
AMAL
LWAY
LWAY
Q4 25
0.11×
Q3 25
1.47×
1.96×
Q2 25
0.96×
0.92×
Q1 25
1.37×
-0.04×
Q4 24
Q3 24
1.28×
2.50×
Q2 24
1.05×
1.73×
Q1 24
1.15×
0.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

LWAY
LWAY

Drinkable Kefirotherthan Pro Bugs$47.8M86%
Cheese$4.7M8%
Cream And Other$1.7M3%
Other$1.2M2%

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