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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $34.3M, roughly 1.6× Clearfield, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -1.8%, a 6.4% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -3.2%). Clearfield, Inc. produced more free cash flow last quarter ($-2.4M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -3.5%).
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
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.
CLFD vs LWAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $34.3M | $55.4M |
| Net Profit | $-614.0K | $2.5M |
| Gross Margin | 33.2% | 27.8% |
| Operating Margin | -5.3% | 6.8% |
| Net Margin | -1.8% | 4.6% |
| Revenue YoY | -3.2% | 18.0% |
| Net Profit YoY | 67.8% | 1688.1% |
| EPS (diluted) | $-0.04 | $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 | $34.3M | $55.4M | ||
| Q3 25 | $23.4M | $57.1M | ||
| Q2 25 | $49.9M | $53.9M | ||
| Q1 25 | $47.2M | $46.1M | ||
| Q4 24 | $29.7M | $46.9M | ||
| Q3 24 | $5.6M | $46.1M | ||
| Q2 24 | $48.8M | $49.2M | ||
| Q1 24 | $36.9M | $44.6M |
| Q4 25 | $-614.0K | $2.5M | ||
| Q3 25 | $-9.1M | $3.5M | ||
| Q2 25 | $1.6M | $4.2M | ||
| Q1 25 | $1.3M | $3.5M | ||
| Q4 24 | $-1.9M | $-160.0K | ||
| Q3 24 | — | $3.0M | ||
| Q2 24 | $-447.0K | $3.8M | ||
| Q1 24 | $-5.9M | $2.4M |
| Q4 25 | 33.2% | 27.8% | ||
| Q3 25 | 53.2% | 28.7% | ||
| Q2 25 | 30.5% | 28.6% | ||
| Q1 25 | 30.1% | 23.9% | ||
| Q4 24 | 29.2% | 25.3% | ||
| Q3 24 | — | 25.7% | ||
| Q2 24 | 21.9% | 27.0% | ||
| Q1 24 | 7.7% | 25.8% |
| Q4 25 | -5.3% | 6.8% | ||
| Q3 25 | 10.3% | 8.8% | ||
| Q2 25 | 3.0% | 10.8% | ||
| Q1 25 | 0.6% | 3.4% | ||
| Q4 24 | -6.9% | 1.5% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | -4.7% | 11.0% | ||
| Q1 24 | -26.4% | 8.0% |
| Q4 25 | -1.8% | 4.6% | ||
| Q3 25 | -38.8% | 6.2% | ||
| Q2 25 | 3.2% | 7.9% | ||
| Q1 25 | 2.8% | 7.7% | ||
| Q4 24 | -6.4% | -0.3% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | -0.9% | 7.7% | ||
| Q1 24 | -16.0% | 5.4% |
| Q4 25 | $-0.04 | $0.15 | ||
| Q3 25 | $-0.65 | $0.23 | ||
| Q2 25 | $0.11 | $0.28 | ||
| Q1 25 | $0.09 | $0.23 | ||
| Q4 24 | $-0.13 | $0.00 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | $-0.04 | $0.25 | ||
| Q1 24 | $-0.40 | $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 | $96.4M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $249.7M | $85.8M |
| Total Assets | $268.1M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $96.4M | $5.6M | ||
| Q3 25 | $106.0M | $23.0M | ||
| Q2 25 | $117.2M | $21.2M | ||
| Q1 25 | $112.0M | $19.4M | ||
| Q4 24 | $113.0M | $16.7M | ||
| Q3 24 | $129.0M | $20.6M | ||
| Q2 24 | $123.8M | $14.6M | ||
| Q1 24 | $142.9M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $249.7M | $85.8M | ||
| Q3 25 | $256.2M | $82.8M | ||
| Q2 25 | $264.5M | $78.7M | ||
| Q1 25 | $265.9M | $74.2M | ||
| Q4 24 | $267.4M | $71.9M | ||
| Q3 24 | $275.8M | $71.5M | ||
| Q2 24 | $274.6M | $68.0M | ||
| Q1 24 | $279.2M | $63.5M |
| Q4 25 | $268.1M | $105.6M | ||
| Q3 25 | $306.2M | $109.5M | ||
| Q2 25 | $314.7M | $98.3M | ||
| Q1 25 | $310.9M | $93.7M | ||
| Q4 24 | $303.2M | $90.5M | ||
| Q3 24 | $315.3M | $91.3M | ||
| Q2 24 | $318.1M | $84.9M | ||
| Q1 24 | $315.4M | $82.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — | ||
| 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 | $-1.4M | $267.0K |
| Free Cash FlowOCF − Capex | $-2.4M | $-17.4M |
| FCF MarginFCF / Revenue | -7.1% | -31.5% |
| Capex IntensityCapex / Revenue | 2.9% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | $267.0K | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | $7.9M | $3.9M | ||
| Q1 25 | $3.0M | $-150.0K | ||
| Q4 24 | $7.2M | $-2.6M | ||
| Q3 24 | $22.2M | $7.5M | ||
| Q2 24 | $4.0M | $6.5M | ||
| Q1 24 | $-5.7M | $1.5M |
| Q4 25 | $-2.4M | $-17.4M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | $7.5M | $1.6M | ||
| Q1 25 | $654.0K | $-2.4M | ||
| Q4 24 | $5.1M | $-3.8M | ||
| Q3 24 | $18.2M | $5.9M | ||
| Q2 24 | $2.8M | $5.1M | ||
| Q1 24 | $-7.7M | $-923.0K |
| Q4 25 | -7.1% | -31.5% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | 15.1% | 3.0% | ||
| Q1 25 | 1.4% | -5.1% | ||
| Q4 24 | 17.1% | -8.2% | ||
| Q3 24 | 323.0% | 12.8% | ||
| Q2 24 | 5.8% | 10.4% | ||
| Q1 24 | -20.8% | -2.1% |
| Q4 25 | 2.9% | 31.9% | ||
| Q3 25 | 2.0% | 9.0% | ||
| Q2 25 | 0.8% | 4.3% | ||
| Q1 25 | 5.1% | 4.8% | ||
| Q4 24 | 7.0% | 2.7% | ||
| Q3 24 | 71.4% | 3.3% | ||
| Q2 24 | 2.5% | 2.9% | ||
| Q1 24 | 5.3% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | 4.93× | 0.92× | ||
| Q1 25 | 2.30× | -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
CLFD
Segment breakdown not available.
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
