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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 1.3× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs 4.6%, a 1.8% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 11.4%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs LWAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $55.4M |
| Net Profit | $2.7M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | — | 6.8% |
| Net Margin | 6.4% | 4.6% |
| Revenue YoY | — | 18.0% |
| Net Profit YoY | — | 1688.1% |
| EPS (diluted) | $0.20 | $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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $55.4M | ||
| Q3 25 | $36.7M | $57.1M | ||
| Q2 25 | $25.1M | $53.9M | ||
| Q1 25 | $22.1M | $46.1M | ||
| Q4 24 | $21.1M | $46.9M | ||
| Q3 24 | $20.8M | $46.1M | ||
| Q2 24 | $19.8M | $49.2M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $2.5M | ||
| Q3 25 | $4.9M | $3.5M | ||
| Q2 25 | $4.1M | $4.2M | ||
| Q1 25 | $3.2M | $3.5M | ||
| Q4 24 | $2.8M | $-160.0K | ||
| Q3 24 | $3.5M | $3.0M | ||
| Q2 24 | $3.2M | $3.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | 6.8% | ||
| Q3 25 | 17.5% | 8.8% | ||
| Q2 25 | 21.7% | 10.8% | ||
| Q1 25 | 20.1% | 3.4% | ||
| Q4 24 | 17.5% | 1.5% | ||
| Q3 24 | 22.2% | 9.1% | ||
| Q2 24 | 21.1% | 11.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | 4.6% | ||
| Q3 25 | 13.3% | 6.2% | ||
| Q2 25 | 16.3% | 7.9% | ||
| Q1 25 | 14.4% | 7.7% | ||
| Q4 24 | 13.2% | -0.3% | ||
| Q3 24 | 16.6% | 6.5% | ||
| Q2 24 | 16.1% | 7.7% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $0.15 | ||
| Q3 25 | $0.34 | $0.23 | ||
| Q2 25 | $0.29 | $0.28 | ||
| Q1 25 | $0.23 | $0.23 | ||
| Q4 24 | $0.19 | $0.00 | ||
| Q3 24 | $0.25 | $0.19 | ||
| Q2 24 | $0.24 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $196.6M | $85.8M |
| Total Assets | $899.4M | $105.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $5.6M | ||
| Q3 25 | $105.6M | $23.0M | ||
| Q2 25 | $90.1M | $21.2M | ||
| Q1 25 | $120.3M | $19.4M | ||
| Q4 24 | $109.2M | $16.7M | ||
| Q3 24 | $85.8M | $20.6M | ||
| Q2 24 | $89.0M | $14.6M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $85.8M | ||
| Q3 25 | $187.8M | $82.8M | ||
| Q2 25 | $182.0M | $78.7M | ||
| Q1 25 | $177.4M | $74.2M | ||
| Q4 24 | $173.7M | $71.9M | ||
| Q3 24 | $170.4M | $71.5M | ||
| Q2 24 | $165.8M | $68.0M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $105.6M | ||
| Q3 25 | $899.9M | $109.5M | ||
| Q2 25 | $842.5M | $98.3M | ||
| Q1 25 | $804.1M | $93.7M | ||
| Q4 24 | $746.0M | $90.5M | ||
| Q3 24 | $683.0M | $91.3M | ||
| Q2 24 | $617.8M | $84.9M |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $267.0K | ||
| Q3 25 | $3.5M | $6.9M | ||
| Q2 25 | $-18.3M | $3.9M | ||
| Q1 25 | $-21.6M | $-150.0K | ||
| Q4 24 | $-15.0M | $-2.6M | ||
| Q3 24 | $-9.8M | $7.5M | ||
| Q2 24 | $-7.6M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $-17.4M | ||
| Q3 25 | $3.4M | $1.8M | ||
| Q2 25 | $-19.8M | $1.6M | ||
| Q1 25 | $-23.3M | $-2.4M | ||
| Q4 24 | $-16.1M | $-3.8M | ||
| Q3 24 | $-13.4M | $5.9M | ||
| Q2 24 | $-7.7M | $5.1M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | -31.5% | ||
| Q3 25 | 9.4% | 3.1% | ||
| Q2 25 | -79.0% | 3.0% | ||
| Q1 25 | -105.3% | -5.1% | ||
| Q4 24 | -76.0% | -8.2% | ||
| Q3 24 | -64.3% | 12.8% | ||
| Q2 24 | -38.7% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 31.9% | ||
| Q3 25 | 0.1% | 9.0% | ||
| Q2 25 | 5.8% | 4.3% | ||
| Q1 25 | 7.4% | 4.8% | ||
| Q4 24 | 5.1% | 2.7% | ||
| Q3 24 | 17.2% | 3.3% | ||
| Q2 24 | 0.3% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | 0.11× | ||
| Q3 25 | 0.71× | 1.96× | ||
| Q2 25 | -4.48× | 0.92× | ||
| Q1 25 | -6.78× | -0.04× | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | 2.50× | ||
| Q2 24 | -2.39× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
