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Side-by-side financial comparison of CASTLE BIOSCIENCES INC (CSTL) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.

CASTLE BIOSCIENCES INC is the larger business by last-quarter revenue ($83.7M vs $55.4M, roughly 1.5× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -17.4%, a 21.9% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -4.9%). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -1.9%).

Castle Biosciences Inc. is a commercial-stage diagnostic firm that develops and markets proprietary, clinically actionable tests for dermatological conditions such as melanoma and other skin cancers, plus rare diseases. It operates mainly in the U.S. healthcare market, focusing on segments with high unmet need for more accurate diagnostics to guide treatment choices.

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.

CSTL vs LWAY — Head-to-Head

Bigger by revenue
CSTL
CSTL
1.5× larger
CSTL
$83.7M
$55.4M
LWAY
Growing faster (revenue YoY)
LWAY
LWAY
+22.9% gap
LWAY
18.0%
-4.9%
CSTL
Higher net margin
LWAY
LWAY
21.9% more per $
LWAY
4.6%
-17.4%
CSTL
Faster 2-yr revenue CAGR
LWAY
LWAY
Annualised
LWAY
11.4%
-1.9%
CSTL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CSTL
CSTL
LWAY
LWAY
Revenue
$83.7M
$55.4M
Net Profit
$-14.5M
$2.5M
Gross Margin
27.8%
Operating Margin
6.8%
Net Margin
-17.4%
4.6%
Revenue YoY
-4.9%
18.0%
Net Profit YoY
43.8%
1688.1%
EPS (diluted)
$-0.49
$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
CSTL
CSTL
LWAY
LWAY
Q1 26
$83.7M
Q4 25
$87.0M
$55.4M
Q3 25
$83.0M
$57.1M
Q2 25
$86.2M
$53.9M
Q1 25
$88.0M
$46.1M
Q4 24
$86.3M
$46.9M
Q3 24
$85.8M
$46.1M
Q2 24
$87.0M
$49.2M
Net Profit
CSTL
CSTL
LWAY
LWAY
Q1 26
$-14.5M
Q4 25
$2.5M
Q3 25
$-501.0K
$3.5M
Q2 25
$4.5M
$4.2M
Q1 25
$-25.8M
$3.5M
Q4 24
$-160.0K
Q3 24
$2.3M
$3.0M
Q2 24
$8.9M
$3.8M
Gross Margin
CSTL
CSTL
LWAY
LWAY
Q1 26
Q4 25
79.0%
27.8%
Q3 25
77.5%
28.7%
Q2 25
79.5%
28.6%
Q1 25
81.4%
23.9%
Q4 24
81.3%
25.3%
Q3 24
81.8%
25.7%
Q2 24
83.3%
27.0%
Operating Margin
CSTL
CSTL
LWAY
LWAY
Q1 26
Q4 25
-4.4%
6.8%
Q3 25
-8.2%
8.8%
Q2 25
-4.9%
10.8%
Q1 25
-31.7%
3.4%
Q4 24
4.7%
1.5%
Q3 24
5.9%
9.1%
Q2 24
5.8%
11.0%
Net Margin
CSTL
CSTL
LWAY
LWAY
Q1 26
-17.4%
Q4 25
4.6%
Q3 25
-0.6%
6.2%
Q2 25
5.2%
7.9%
Q1 25
-29.4%
7.7%
Q4 24
-0.3%
Q3 24
2.6%
6.5%
Q2 24
10.3%
7.7%
EPS (diluted)
CSTL
CSTL
LWAY
LWAY
Q1 26
$-0.49
Q4 25
$-0.06
$0.15
Q3 25
$-0.02
$0.23
Q2 25
$0.15
$0.28
Q1 25
$-0.90
$0.23
Q4 24
$0.32
$0.00
Q3 24
$0.08
$0.19
Q2 24
$0.31
$0.25

Balance Sheet & Financial Strength

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

Metric
CSTL
CSTL
LWAY
LWAY
Cash + ST InvestmentsLiquidity on hand
$63.8M
$5.6M
Total DebtLower is stronger
$10.1M
Stockholders' EquityBook value
$461.4M
$85.8M
Total Assets
$547.8M
$105.6M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSTL
CSTL
LWAY
LWAY
Q1 26
$63.8M
Q4 25
$299.5M
$5.6M
Q3 25
$287.5M
$23.0M
Q2 25
$275.9M
$21.2M
Q1 25
$275.2M
$19.4M
Q4 24
$293.1M
$16.7M
Q3 24
$95.0M
$20.6M
Q2 24
$85.6M
$14.6M
Total Debt
CSTL
CSTL
LWAY
LWAY
Q1 26
$10.1M
Q4 25
$10.1M
Q3 25
$10.0M
Q2 25
$10.0M
Q1 25
$10.0M
Q4 24
$10.0M
Q3 24
$10.0M
Q2 24
$10.0M
Stockholders' Equity
CSTL
CSTL
LWAY
LWAY
Q1 26
$461.4M
Q4 25
$470.9M
$85.8M
Q3 25
$467.0M
$82.8M
Q2 25
$455.4M
$78.7M
Q1 25
$440.3M
$74.2M
Q4 24
$455.8M
$71.9M
Q3 24
$441.1M
$71.5M
Q2 24
$423.9M
$68.0M
Total Assets
CSTL
CSTL
LWAY
LWAY
Q1 26
$547.8M
Q4 25
$578.6M
$105.6M
Q3 25
$562.8M
$109.5M
Q2 25
$544.7M
$98.3M
Q1 25
$501.7M
$93.7M
Q4 24
$531.2M
$90.5M
Q3 24
$514.6M
$91.3M
Q2 24
$487.3M
$84.9M
Debt / Equity
CSTL
CSTL
LWAY
LWAY
Q1 26
0.02×
Q4 25
0.02×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.02×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSTL
CSTL
LWAY
LWAY
Operating Cash FlowLast quarter
$-22.1M
$267.0K
Free Cash FlowOCF − Capex
$-17.4M
FCF MarginFCF / Revenue
-31.5%
Capex IntensityCapex / Revenue
31.9%
Cash ConversionOCF / Net Profit
0.11×
TTM Free Cash FlowTrailing 4 quarters
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSTL
CSTL
LWAY
LWAY
Q1 26
$-22.1M
Q4 25
$26.9M
$267.0K
Q3 25
$22.6M
$6.9M
Q2 25
$20.8M
$3.9M
Q1 25
$-6.0M
$-150.0K
Q4 24
$24.4M
$-2.6M
Q3 24
$23.3M
$7.5M
Q2 24
$24.0M
$6.5M
Free Cash Flow
CSTL
CSTL
LWAY
LWAY
Q1 26
Q4 25
$19.7M
$-17.4M
Q3 25
$7.8M
$1.8M
Q2 25
$11.6M
$1.6M
Q1 25
$-10.8M
$-2.4M
Q4 24
$16.8M
$-3.8M
Q3 24
$17.0M
$5.9M
Q2 24
$18.8M
$5.1M
FCF Margin
CSTL
CSTL
LWAY
LWAY
Q1 26
Q4 25
22.7%
-31.5%
Q3 25
9.4%
3.1%
Q2 25
13.4%
3.0%
Q1 25
-12.2%
-5.1%
Q4 24
19.5%
-8.2%
Q3 24
19.8%
12.8%
Q2 24
21.6%
10.4%
Capex Intensity
CSTL
CSTL
LWAY
LWAY
Q1 26
Q4 25
8.3%
31.9%
Q3 25
17.9%
9.0%
Q2 25
10.7%
4.3%
Q1 25
5.4%
4.8%
Q4 24
8.8%
2.7%
Q3 24
7.4%
3.3%
Q2 24
6.0%
2.9%
Cash Conversion
CSTL
CSTL
LWAY
LWAY
Q1 26
Q4 25
0.11×
Q3 25
1.96×
Q2 25
4.60×
0.92×
Q1 25
-0.04×
Q4 24
Q3 24
10.29×
2.50×
Q2 24
2.69×
1.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSTL
CSTL

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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