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Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
FARMERS NATIONAL BANC CORP is the larger business by last-quarter revenue ($71.5M vs $55.4M, roughly 1.3× Lifeway Foods, Inc.). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs 4.6%, a 15.9% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 6.2%).
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
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.
FMNB vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $71.5M | $55.4M |
| Net Profit | $14.6M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | 24.8% | 6.8% |
| Net Margin | 20.5% | 4.6% |
| Revenue YoY | 3.2% | 18.0% |
| Net Profit YoY | 1.7% | 1688.1% |
| EPS (diluted) | $0.39 | $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 | $71.5M | $55.4M | ||
| Q3 25 | $70.8M | $57.1M | ||
| Q2 25 | $69.8M | $53.9M | ||
| Q1 25 | $67.8M | $46.1M | ||
| Q4 24 | $69.3M | $46.9M | ||
| Q3 24 | $70.3M | $46.1M | ||
| Q2 24 | $66.5M | $49.2M | ||
| Q1 24 | $63.4M | $44.6M |
| Q4 25 | $14.6M | $2.5M | ||
| Q3 25 | $12.5M | $3.5M | ||
| Q2 25 | $13.9M | $4.2M | ||
| Q1 25 | $13.6M | $3.5M | ||
| Q4 24 | $14.4M | $-160.0K | ||
| Q3 24 | $8.5M | $3.0M | ||
| Q2 24 | $11.8M | $3.8M | ||
| Q1 24 | $11.2M | $2.4M |
| 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% |
| Q4 25 | 24.8% | 6.8% | ||
| Q3 25 | 20.7% | 8.8% | ||
| Q2 25 | 23.4% | 10.8% | ||
| Q1 25 | 24.1% | 3.4% | ||
| Q4 24 | 25.5% | 1.5% | ||
| Q3 24 | 14.4% | 9.1% | ||
| Q2 24 | 21.3% | 11.0% | ||
| Q1 24 | 21.2% | 8.0% |
| Q4 25 | 20.5% | 4.6% | ||
| Q3 25 | 17.6% | 6.2% | ||
| Q2 25 | 19.9% | 7.9% | ||
| Q1 25 | 20.0% | 7.7% | ||
| Q4 24 | 20.8% | -0.3% | ||
| Q3 24 | 12.1% | 6.5% | ||
| Q2 24 | 17.7% | 7.7% | ||
| Q1 24 | 17.7% | 5.4% |
| Q4 25 | $0.39 | $0.15 | ||
| Q3 25 | $0.33 | $0.23 | ||
| Q2 25 | $0.37 | $0.28 | ||
| Q1 25 | $0.36 | $0.23 | ||
| Q4 24 | $0.38 | $0.00 | ||
| Q3 24 | $0.23 | $0.19 | ||
| Q2 24 | $0.31 | $0.25 | ||
| Q1 24 | $0.30 | $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 | — | $5.6M |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $485.7M | $85.8M |
| Total Assets | $5.2B | $105.6M |
| Debt / EquityLower = less leverage | 0.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $21.2M | ||
| Q1 25 | — | $19.4M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | — | $20.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $12.0M |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $86.6M | — | ||
| Q2 25 | $86.4M | — | ||
| Q1 25 | $86.3M | — | ||
| Q4 24 | $86.2M | — | ||
| Q3 24 | $86.0M | — | ||
| Q2 24 | $88.9M | — | ||
| Q1 24 | $88.8M | $2.5M |
| Q4 25 | $485.7M | $85.8M | ||
| Q3 25 | $465.9M | $82.8M | ||
| Q2 25 | $437.7M | $78.7M | ||
| Q1 25 | $429.1M | $74.2M | ||
| Q4 24 | $406.0M | $71.9M | ||
| Q3 24 | $439.7M | $71.5M | ||
| Q2 24 | $396.7M | $68.0M | ||
| Q1 24 | $397.0M | $63.5M |
| Q4 25 | $5.2B | $105.6M | ||
| Q3 25 | $5.2B | $109.5M | ||
| Q2 25 | $5.2B | $98.3M | ||
| Q1 25 | $5.2B | $93.7M | ||
| Q4 24 | $5.1B | $90.5M | ||
| Q3 24 | $5.2B | $91.3M | ||
| Q2 24 | $5.2B | $84.9M | ||
| Q1 24 | $5.1B | $82.8M |
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.22× | 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 | $60.0M | $267.0K |
| Free Cash FlowOCF − Capex | $52.2M | $-17.4M |
| FCF MarginFCF / Revenue | 73.0% | -31.5% |
| Capex IntensityCapex / Revenue | 11.0% | 31.9% |
| Cash ConversionOCF / Net Profit | 4.10× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $85.8M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.0M | $267.0K | ||
| Q3 25 | $10.7M | $6.9M | ||
| Q2 25 | $14.0M | $3.9M | ||
| Q1 25 | $15.7M | $-150.0K | ||
| Q4 24 | $66.6M | $-2.6M | ||
| Q3 24 | $23.9M | $7.5M | ||
| Q2 24 | $16.6M | $6.5M | ||
| Q1 24 | $13.7M | $1.5M |
| Q4 25 | $52.2M | $-17.4M | ||
| Q3 25 | $9.0M | $1.8M | ||
| Q2 25 | $12.4M | $1.6M | ||
| Q1 25 | $12.2M | $-2.4M | ||
| Q4 24 | $54.9M | $-3.8M | ||
| Q3 24 | $20.4M | $5.9M | ||
| Q2 24 | $14.4M | $5.1M | ||
| Q1 24 | $12.2M | $-923.0K |
| Q4 25 | 73.0% | -31.5% | ||
| Q3 25 | 12.8% | 3.1% | ||
| Q2 25 | 17.8% | 3.0% | ||
| Q1 25 | 18.0% | -5.1% | ||
| Q4 24 | 79.2% | -8.2% | ||
| Q3 24 | 29.1% | 12.8% | ||
| Q2 24 | 21.6% | 10.4% | ||
| Q1 24 | 19.2% | -2.1% |
| Q4 25 | 11.0% | 31.9% | ||
| Q3 25 | 2.4% | 9.0% | ||
| Q2 25 | 2.3% | 4.3% | ||
| Q1 25 | 5.2% | 4.8% | ||
| Q4 24 | 16.9% | 2.7% | ||
| Q3 24 | 4.9% | 3.3% | ||
| Q2 24 | 3.3% | 2.9% | ||
| Q1 24 | 2.4% | 5.5% |
| Q4 25 | 4.10× | 0.11× | ||
| Q3 25 | 0.86× | 1.96× | ||
| Q2 25 | 1.01× | 0.92× | ||
| Q1 25 | 1.15× | -0.04× | ||
| Q4 24 | 4.63× | — | ||
| Q3 24 | 2.80× | 2.50× | ||
| Q2 24 | 1.41× | 1.73× | ||
| Q1 24 | 1.22× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMNB
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% |
