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Side-by-side financial comparison of iQSTEL Inc (IQST) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $55.4M, roughly 1.5× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -3.2%, a 7.8% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-17.4M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 11.4%).
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American 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.
IQST vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $55.4M |
| Net Profit | $-2.7M | $2.5M |
| Gross Margin | 3.5% | 27.8% |
| Operating Margin | -2.9% | 6.8% |
| Net Margin | -3.2% | 4.6% |
| Revenue YoY | -14.9% | 18.0% |
| Net Profit YoY | -44.5% | 1688.1% |
| EPS (diluted) | $-0.92 | $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 | $84.2M | $55.4M | ||
| Q3 25 | $102.9M | $57.1M | ||
| Q2 25 | $72.2M | $53.9M | ||
| Q1 25 | $57.6M | $46.1M | ||
| Q4 24 | $98.9M | $46.9M | ||
| Q3 24 | $54.2M | $46.1M | ||
| Q2 24 | $78.6M | $49.2M | ||
| Q1 24 | $51.4M | $44.6M |
| Q4 25 | $-2.7M | $2.5M | ||
| Q3 25 | $-2.3M | $3.5M | ||
| Q2 25 | $-2.3M | $4.2M | ||
| Q1 25 | $-1.1M | $3.5M | ||
| Q4 24 | $-1.9M | $-160.0K | ||
| Q3 24 | $-773.0K | $3.0M | ||
| Q2 24 | $-2.0M | $3.8M | ||
| Q1 24 | $-580.2K | $2.4M |
| Q4 25 | 3.5% | 27.8% | ||
| Q3 25 | 2.7% | 28.7% | ||
| Q2 25 | 2.6% | 28.6% | ||
| Q1 25 | 3.4% | 23.9% | ||
| Q4 24 | 2.7% | 25.3% | ||
| Q3 24 | 3.7% | 25.7% | ||
| Q2 24 | 2.8% | 27.0% | ||
| Q1 24 | 2.7% | 25.8% |
| Q4 25 | -2.9% | 6.8% | ||
| Q3 25 | -0.5% | 8.8% | ||
| Q2 25 | -0.9% | 10.8% | ||
| Q1 25 | -1.0% | 3.4% | ||
| Q4 24 | -0.3% | 1.5% | ||
| Q3 24 | -0.1% | 9.1% | ||
| Q2 24 | -0.4% | 11.0% | ||
| Q1 24 | -0.4% | 8.0% |
| Q4 25 | -3.2% | 4.6% | ||
| Q3 25 | -2.3% | 6.2% | ||
| Q2 25 | -3.3% | 7.9% | ||
| Q1 25 | -2.0% | 7.7% | ||
| Q4 24 | -1.9% | -0.3% | ||
| Q3 24 | -1.4% | 6.5% | ||
| Q2 24 | -2.5% | 7.7% | ||
| Q1 24 | -1.1% | 5.4% |
| Q4 25 | $-0.92 | $0.15 | ||
| Q3 25 | $-0.68 | $0.23 | ||
| Q2 25 | $-0.82 | $0.28 | ||
| Q1 25 | $-0.44 | $0.23 | ||
| Q4 24 | $-1.19 | $0.00 | ||
| Q3 24 | $-0.40 | $0.19 | ||
| Q2 24 | $-0.90 | $0.25 | ||
| Q1 24 | $-0.37 | $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 | $2.2M | $5.6M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $85.8M |
| Total Assets | $51.1M | $105.6M |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $5.6M | ||
| Q3 25 | $2.3M | $23.0M | ||
| Q2 25 | $2.0M | $21.2M | ||
| Q1 25 | $1.1M | $19.4M | ||
| Q4 24 | $2.5M | $16.7M | ||
| Q3 24 | $2.1M | $20.6M | ||
| Q2 24 | $797.2K | $14.6M | ||
| Q1 24 | $2.7M | $12.0M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | $2.5M |
| Q4 25 | $16.3M | $85.8M | ||
| Q3 25 | $17.9M | $82.8M | ||
| Q2 25 | $14.3M | $78.7M | ||
| Q1 25 | $11.6M | $74.2M | ||
| Q4 24 | $11.9M | $71.9M | ||
| Q3 24 | $8.1M | $71.5M | ||
| Q2 24 | $7.6M | $68.0M | ||
| Q1 24 | $8.4M | $63.5M |
| Q4 25 | $51.1M | $105.6M | ||
| Q3 25 | $46.9M | $109.5M | ||
| Q2 25 | $51.4M | $98.3M | ||
| Q1 25 | $42.0M | $93.7M | ||
| Q4 24 | $79.0M | $90.5M | ||
| Q3 24 | $32.4M | $91.3M | ||
| Q2 24 | $30.0M | $84.9M | ||
| Q1 24 | $22.1M | $82.8M |
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.02× | 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 | $-1.2M | $267.0K |
| Free Cash FlowOCF − Capex | $-1.2M | $-17.4M |
| FCF MarginFCF / Revenue | -1.5% | -31.5% |
| Capex IntensityCapex / Revenue | 0.0% | 31.9% |
| Cash ConversionOCF / Net Profit | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $267.0K | ||
| Q3 25 | $-953.0K | $6.9M | ||
| Q2 25 | $257.7K | $3.9M | ||
| Q1 25 | $-1.9M | $-150.0K | ||
| Q4 24 | $-403.7K | $-2.6M | ||
| Q3 24 | $625.0K | $7.5M | ||
| Q2 24 | $-2.6M | $6.5M | ||
| Q1 24 | $-536.9K | $1.5M |
| Q4 25 | $-1.2M | $-17.4M | ||
| Q3 25 | $-969.2K | $1.8M | ||
| Q2 25 | $211.7K | $1.6M | ||
| Q1 25 | $-2.0M | $-2.4M | ||
| Q4 24 | $-421.3K | $-3.8M | ||
| Q3 24 | $594.5K | $5.9M | ||
| Q2 24 | $-2.6M | $5.1M | ||
| Q1 24 | $-608.5K | $-923.0K |
| Q4 25 | -1.5% | -31.5% | ||
| Q3 25 | -0.9% | 3.1% | ||
| Q2 25 | 0.3% | 3.0% | ||
| Q1 25 | -3.4% | -5.1% | ||
| Q4 24 | -0.4% | -8.2% | ||
| Q3 24 | 1.1% | 12.8% | ||
| Q2 24 | -3.4% | 10.4% | ||
| Q1 24 | -1.2% | -2.1% |
| Q4 25 | 0.0% | 31.9% | ||
| Q3 25 | 0.0% | 9.0% | ||
| Q2 25 | 0.1% | 4.3% | ||
| Q1 25 | 0.1% | 4.8% | ||
| Q4 24 | 0.0% | 2.7% | ||
| Q3 24 | 0.1% | 3.3% | ||
| Q2 24 | 0.0% | 2.9% | ||
| Q1 24 | 0.1% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | — | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
