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Side-by-side financial comparison of ENNIS, INC. (EBF) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $55.4M, roughly 1.8× Lifeway Foods, Inc.). ENNIS, INC. runs the higher net margin — 10.8% vs 4.6%, a 6.2% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 0.4%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 1.4%).
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
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.
EBF vs LWAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $100.2M | $55.4M |
| Net Profit | $10.8M | $2.5M |
| Gross Margin | 31.9% | 27.8% |
| Operating Margin | 15.0% | 6.8% |
| Net Margin | 10.8% | 4.6% |
| Revenue YoY | 0.4% | 18.0% |
| Net Profit YoY | 6.1% | 1688.1% |
| EPS (diluted) | $0.42 | $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 | $100.2M | $55.4M | ||
| Q3 25 | $98.7M | $57.1M | ||
| Q2 25 | $97.2M | $53.9M | ||
| Q1 25 | $92.7M | $46.1M | ||
| Q4 24 | $99.8M | $46.9M | ||
| Q3 24 | $99.0M | $46.1M | ||
| Q2 24 | $103.1M | $49.2M | ||
| Q1 24 | $97.4M | $44.6M |
| Q4 25 | $10.8M | $2.5M | ||
| Q3 25 | $13.2M | $3.5M | ||
| Q2 25 | $9.8M | $4.2M | ||
| Q1 25 | $9.0M | $3.5M | ||
| Q4 24 | $10.2M | $-160.0K | ||
| Q3 24 | $10.3M | $3.0M | ||
| Q2 24 | $10.7M | $3.8M | ||
| Q1 24 | $10.1M | $2.4M |
| Q4 25 | 31.9% | 27.8% | ||
| Q3 25 | 30.5% | 28.7% | ||
| Q2 25 | 31.1% | 28.6% | ||
| Q1 25 | 29.5% | 23.9% | ||
| Q4 24 | 29.3% | 25.3% | ||
| Q3 24 | 30.1% | 25.7% | ||
| Q2 24 | 30.0% | 27.0% | ||
| Q1 24 | 28.4% | 25.8% |
| Q4 25 | 15.0% | 6.8% | ||
| Q3 25 | 12.5% | 8.8% | ||
| Q2 25 | 13.7% | 10.8% | ||
| Q1 25 | 13.0% | 3.4% | ||
| Q4 24 | 13.1% | 1.5% | ||
| Q3 24 | 13.3% | 9.1% | ||
| Q2 24 | 13.3% | 11.0% | ||
| Q1 24 | 13.3% | 8.0% |
| Q4 25 | 10.8% | 4.6% | ||
| Q3 25 | 13.3% | 6.2% | ||
| Q2 25 | 10.1% | 7.9% | ||
| Q1 25 | 9.7% | 7.7% | ||
| Q4 24 | 10.2% | -0.3% | ||
| Q3 24 | 10.4% | 6.5% | ||
| Q2 24 | 10.4% | 7.7% | ||
| Q1 24 | 10.4% | 5.4% |
| Q4 25 | $0.42 | $0.15 | ||
| Q3 25 | $0.51 | $0.23 | ||
| Q2 25 | $0.38 | $0.28 | ||
| Q1 25 | $0.34 | $0.23 | ||
| Q4 24 | $0.39 | $0.00 | ||
| Q3 24 | $0.40 | $0.19 | ||
| Q2 24 | $0.41 | $0.25 | ||
| Q1 24 | $0.39 | $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 | $31.3M | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $304.8M | $85.8M |
| Total Assets | $354.3M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.3M | $5.6M | ||
| Q3 25 | $31.9M | $23.0M | ||
| Q2 25 | $32.6M | $21.2M | ||
| Q1 25 | $72.5M | $19.4M | ||
| Q4 24 | $68.6M | $16.7M | ||
| Q3 24 | $122.6M | $20.6M | ||
| Q2 24 | $123.7M | $14.6M | ||
| Q1 24 | $110.9M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $304.8M | $85.8M | ||
| Q3 25 | $305.4M | $82.8M | ||
| Q2 25 | $301.2M | $78.7M | ||
| Q1 25 | $302.0M | $74.2M | ||
| Q4 24 | $297.7M | $71.9M | ||
| Q3 24 | $358.4M | $71.5M | ||
| Q2 24 | $354.4M | $68.0M | ||
| Q1 24 | $349.8M | $63.5M |
| Q4 25 | $354.3M | $105.6M | ||
| Q3 25 | $361.8M | $109.5M | ||
| Q2 25 | $361.7M | $98.3M | ||
| Q1 25 | $348.9M | $93.7M | ||
| Q4 24 | $346.1M | $90.5M | ||
| Q3 24 | $406.8M | $91.3M | ||
| Q2 24 | $406.2M | $84.9M | ||
| Q1 24 | $399.2M | $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 | $16.4M | $267.0K |
| Free Cash FlowOCF − Capex | $15.7M | $-17.4M |
| FCF MarginFCF / Revenue | 15.7% | -31.5% |
| Capex IntensityCapex / Revenue | 0.7% | 31.9% |
| Cash ConversionOCF / Net Profit | 1.52× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $42.5M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.4M | $267.0K | ||
| Q3 25 | $10.5M | $6.9M | ||
| Q2 25 | $8.0M | $3.9M | ||
| Q1 25 | $12.8M | $-150.0K | ||
| Q4 24 | $18.2M | $-2.6M | ||
| Q3 24 | $11.8M | $7.5M | ||
| Q2 24 | $23.1M | $6.5M | ||
| Q1 24 | $16.6M | $1.5M |
| Q4 25 | $15.7M | $-17.4M | ||
| Q3 25 | $9.0M | $1.8M | ||
| Q2 25 | $6.6M | $1.6M | ||
| Q1 25 | $11.1M | $-2.4M | ||
| Q4 24 | $17.5M | $-3.8M | ||
| Q3 24 | $10.7M | $5.9M | ||
| Q2 24 | $20.6M | $5.1M | ||
| Q1 24 | $15.0M | $-923.0K |
| Q4 25 | 15.7% | -31.5% | ||
| Q3 25 | 9.2% | 3.1% | ||
| Q2 25 | 6.8% | 3.0% | ||
| Q1 25 | 12.0% | -5.1% | ||
| Q4 24 | 17.6% | -8.2% | ||
| Q3 24 | 10.8% | 12.8% | ||
| Q2 24 | 20.0% | 10.4% | ||
| Q1 24 | 15.3% | -2.1% |
| Q4 25 | 0.7% | 31.9% | ||
| Q3 25 | 1.4% | 9.0% | ||
| Q2 25 | 1.4% | 4.3% | ||
| Q1 25 | 1.8% | 4.8% | ||
| Q4 24 | 0.6% | 2.7% | ||
| Q3 24 | 1.1% | 3.3% | ||
| Q2 24 | 2.4% | 2.9% | ||
| Q1 24 | 1.7% | 5.5% |
| Q4 25 | 1.52× | 0.11× | ||
| Q3 25 | 0.80× | 1.96× | ||
| Q2 25 | 0.81× | 0.92× | ||
| Q1 25 | 1.41× | -0.04× | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.15× | 2.50× | ||
| Q2 24 | 2.16× | 1.73× | ||
| Q1 24 | 1.63× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EBF
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% |
