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Side-by-side financial comparison of First Foundation Inc. (FFWM) 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 $48.4M, roughly 1.1× First Foundation Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -97.9%, a 102.5% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 18.0%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-35.2M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs LWAY — Head-to-Head

Bigger by revenue
LWAY
LWAY
1.1× larger
LWAY
$55.4M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+403.7% gap
FFWM
421.7%
18.0%
LWAY
Higher net margin
LWAY
LWAY
102.5% more per $
LWAY
4.6%
-97.9%
FFWM
More free cash flow
LWAY
LWAY
$17.8M more FCF
LWAY
$-17.4M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
LWAY
LWAY
Annualised
LWAY
11.4%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
LWAY
LWAY
Revenue
$48.4M
$55.4M
Net Profit
$-8.0M
$2.5M
Gross Margin
27.8%
Operating Margin
-97.5%
6.8%
Net Margin
-97.9%
4.6%
Revenue YoY
421.7%
18.0%
Net Profit YoY
43.0%
1688.1%
EPS (diluted)
$-0.09
$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
FFWM
FFWM
LWAY
LWAY
Q4 25
$48.4M
$55.4M
Q3 25
$63.6M
$57.1M
Q2 25
$51.4M
$53.9M
Q1 25
$71.4M
$46.1M
Q4 24
$9.3M
$46.9M
Q3 24
$9.2M
$46.1M
Q2 24
$57.5M
$49.2M
Q1 24
$51.1M
$44.6M
Net Profit
FFWM
FFWM
LWAY
LWAY
Q4 25
$-8.0M
$2.5M
Q3 25
$-146.3M
$3.5M
Q2 25
$-7.7M
$4.2M
Q1 25
$6.9M
$3.5M
Q4 24
$-14.1M
$-160.0K
Q3 24
$-82.2M
$3.0M
Q2 24
$3.1M
$3.8M
Q1 24
$793.0K
$2.4M
Gross Margin
FFWM
FFWM
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
FFWM
FFWM
LWAY
LWAY
Q4 25
-97.5%
6.8%
Q3 25
-92.7%
8.8%
Q2 25
-21.1%
10.8%
Q1 25
8.8%
3.4%
Q4 24
-247.7%
1.5%
Q3 24
-1276.7%
9.1%
Q2 24
4.6%
11.0%
Q1 24
-0.2%
8.0%
Net Margin
FFWM
FFWM
LWAY
LWAY
Q4 25
-97.9%
4.6%
Q3 25
-230.1%
6.2%
Q2 25
-15.0%
7.9%
Q1 25
9.7%
7.7%
Q4 24
-152.2%
-0.3%
Q3 24
-896.9%
6.5%
Q2 24
5.4%
7.7%
Q1 24
1.6%
5.4%
EPS (diluted)
FFWM
FFWM
LWAY
LWAY
Q4 25
$-0.09
$0.15
Q3 25
$-1.78
$0.23
Q2 25
$-0.09
$0.28
Q1 25
$0.08
$0.23
Q4 24
$-0.24
$0.00
Q3 24
$-1.23
$0.19
Q2 24
$0.05
$0.25
Q1 24
$0.01
$0.16

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
LWAY
LWAY
Cash + ST InvestmentsLiquidity on hand
$1.6B
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$85.8M
Total Assets
$11.9B
$105.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
LWAY
LWAY
Q4 25
$1.6B
$5.6M
Q3 25
$1.7B
$23.0M
Q2 25
$1.1B
$21.2M
Q1 25
$1.0B
$19.4M
Q4 24
$1.0B
$16.7M
Q3 24
$1.1B
$20.6M
Q2 24
$1.4B
$14.6M
Q1 24
$1.6B
$12.0M
Total Debt
FFWM
FFWM
LWAY
LWAY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
FFWM
FFWM
LWAY
LWAY
Q4 25
$912.6M
$85.8M
Q3 25
$917.9M
$82.8M
Q2 25
$1.1B
$78.7M
Q1 25
$1.1B
$74.2M
Q4 24
$1.1B
$71.9M
Q3 24
$1.1B
$71.5M
Q2 24
$933.2M
$68.0M
Q1 24
$928.7M
$63.5M
Total Assets
FFWM
FFWM
LWAY
LWAY
Q4 25
$11.9B
$105.6M
Q3 25
$11.9B
$109.5M
Q2 25
$11.6B
$98.3M
Q1 25
$12.6B
$93.7M
Q4 24
$12.6B
$90.5M
Q3 24
$13.4B
$91.3M
Q2 24
$13.7B
$84.9M
Q1 24
$13.6B
$82.8M
Debt / Equity
FFWM
FFWM
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
FFWM
FFWM
LWAY
LWAY
Operating Cash FlowLast quarter
$-31.9M
$267.0K
Free Cash FlowOCF − Capex
$-35.2M
$-17.4M
FCF MarginFCF / Revenue
-72.8%
-31.5%
Capex IntensityCapex / Revenue
6.9%
31.9%
Cash ConversionOCF / Net Profit
0.11×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
LWAY
LWAY
Q4 25
$-31.9M
$267.0K
Q3 25
$9.2M
$6.9M
Q2 25
$-16.3M
$3.9M
Q1 25
$-552.0K
$-150.0K
Q4 24
$-8.7M
$-2.6M
Q3 24
$14.2M
$7.5M
Q2 24
$-9.1M
$6.5M
Q1 24
$7.2M
$1.5M
Free Cash Flow
FFWM
FFWM
LWAY
LWAY
Q4 25
$-35.2M
$-17.4M
Q3 25
$8.6M
$1.8M
Q2 25
$-16.7M
$1.6M
Q1 25
$-2.5M
$-2.4M
Q4 24
$-11.4M
$-3.8M
Q3 24
$13.4M
$5.9M
Q2 24
$-9.4M
$5.1M
Q1 24
$5.9M
$-923.0K
FCF Margin
FFWM
FFWM
LWAY
LWAY
Q4 25
-72.8%
-31.5%
Q3 25
13.5%
3.1%
Q2 25
-32.4%
3.0%
Q1 25
-3.5%
-5.1%
Q4 24
-123.5%
-8.2%
Q3 24
146.2%
12.8%
Q2 24
-16.3%
10.4%
Q1 24
11.6%
-2.1%
Capex Intensity
FFWM
FFWM
LWAY
LWAY
Q4 25
6.9%
31.9%
Q3 25
1.0%
9.0%
Q2 25
0.8%
4.3%
Q1 25
2.8%
4.8%
Q4 24
29.4%
2.7%
Q3 24
9.0%
3.3%
Q2 24
0.4%
2.9%
Q1 24
2.5%
5.5%
Cash Conversion
FFWM
FFWM
LWAY
LWAY
Q4 25
0.11×
Q3 25
1.96×
Q2 25
0.92×
Q1 25
-0.08×
-0.04×
Q4 24
Q3 24
2.50×
Q2 24
-2.96×
1.73×
Q1 24
9.09×
0.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

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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