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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) 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 $41.5M, roughly 1.3× GLADSTONE LAND Corp). GLADSTONE LAND Corp runs the higher net margin — 10.2% vs 4.6%, a 5.6% gap on every dollar of revenue. On growth, GLADSTONE LAND Corp posted the faster year-over-year revenue change (96.5% vs 18.0%). Over the past eight quarters, GLADSTONE LAND Corp's revenue compounded faster (43.1% CAGR vs 11.4%).

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

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.

LAND vs LWAY — Head-to-Head

Bigger by revenue
LWAY
LWAY
1.3× larger
LWAY
$55.4M
$41.5M
LAND
Growing faster (revenue YoY)
LAND
LAND
+78.5% gap
LAND
96.5%
18.0%
LWAY
Higher net margin
LAND
LAND
5.6% more per $
LAND
10.2%
4.6%
LWAY
Faster 2-yr revenue CAGR
LAND
LAND
Annualised
LAND
43.1%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LAND
LAND
LWAY
LWAY
Revenue
$41.5M
$55.4M
Net Profit
$4.2M
$2.5M
Gross Margin
27.8%
Operating Margin
6.8%
Net Margin
10.2%
4.6%
Revenue YoY
96.5%
18.0%
Net Profit YoY
680.0%
1688.1%
EPS (diluted)
$-0.05
$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
LAND
LAND
LWAY
LWAY
Q4 25
$41.5M
$55.4M
Q3 25
$17.8M
$57.1M
Q2 25
$12.3M
$53.9M
Q1 25
$16.8M
$46.1M
Q4 24
$21.1M
$46.9M
Q3 24
$22.6M
$46.1M
Q2 24
$21.3M
$49.2M
Q1 24
$20.3M
$44.6M
Net Profit
LAND
LAND
LWAY
LWAY
Q4 25
$4.2M
$2.5M
Q3 25
$2.1M
$3.5M
Q2 25
$-7.9M
$4.2M
Q1 25
$15.1M
$3.5M
Q4 24
$540.0K
$-160.0K
Q3 24
$6.0K
$3.0M
Q2 24
$-823.0K
$3.8M
Q1 24
$13.6M
$2.4M
Gross Margin
LAND
LAND
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
LAND
LAND
LWAY
LWAY
Q4 25
6.8%
Q3 25
8.8%
Q2 25
10.8%
Q1 25
3.4%
Q4 24
1.5%
Q3 24
9.1%
Q2 24
11.0%
Q1 24
8.0%
Net Margin
LAND
LAND
LWAY
LWAY
Q4 25
10.2%
4.6%
Q3 25
11.7%
6.2%
Q2 25
-64.1%
7.9%
Q1 25
89.9%
7.7%
Q4 24
2.6%
-0.3%
Q3 24
0.0%
6.5%
Q2 24
-3.9%
7.7%
Q1 24
67.0%
5.4%
EPS (diluted)
LAND
LAND
LWAY
LWAY
Q4 25
$-0.05
$0.15
Q3 25
$-0.11
$0.23
Q2 25
$-0.38
$0.28
Q1 25
$0.25
$0.23
Q4 24
$-0.15
$0.00
Q3 24
$-0.16
$0.19
Q2 24
$-0.19
$0.25
Q1 24
$0.21
$0.16

Balance Sheet & Financial Strength

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

Metric
LAND
LAND
LWAY
LWAY
Cash + ST InvestmentsLiquidity on hand
$27.2M
$5.6M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$670.3M
$85.8M
Total Assets
$1.2B
$105.6M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAND
LAND
LWAY
LWAY
Q4 25
$27.2M
$5.6M
Q3 25
$11.3M
$23.0M
Q2 25
$30.5M
$21.2M
Q1 25
$42.9M
$19.4M
Q4 24
$18.3M
$16.7M
Q3 24
$13.2M
$20.6M
Q2 24
$49.8M
$14.6M
Q1 24
$51.6M
$12.0M
Total Debt
LAND
LAND
LWAY
LWAY
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Q1 24
$552.2M
$2.5M
Stockholders' Equity
LAND
LAND
LWAY
LWAY
Q4 25
$670.3M
$85.8M
Q3 25
$661.8M
$82.8M
Q2 25
$670.1M
$78.7M
Q1 25
$689.9M
$74.2M
Q4 24
$687.2M
$71.9M
Q3 24
$691.2M
$71.5M
Q2 24
$708.5M
$68.0M
Q1 24
$723.3M
$63.5M
Total Assets
LAND
LAND
LWAY
LWAY
Q4 25
$1.2B
$105.6M
Q3 25
$1.2B
$109.5M
Q2 25
$1.3B
$98.3M
Q1 25
$1.3B
$93.7M
Q4 24
$1.3B
$90.5M
Q3 24
$1.3B
$91.3M
Q2 24
$1.4B
$84.9M
Q1 24
$1.4B
$82.8M
Debt / Equity
LAND
LAND
LWAY
LWAY
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×
Q1 24
0.76×
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
LAND
LAND
LWAY
LWAY
Operating Cash FlowLast quarter
$7.0M
$267.0K
Free Cash FlowOCF − Capex
$-17.4M
FCF MarginFCF / Revenue
-31.5%
Capex IntensityCapex / Revenue
31.9%
Cash ConversionOCF / Net Profit
1.66×
0.11×
TTM Free Cash FlowTrailing 4 quarters
$-16.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAND
LAND
LWAY
LWAY
Q4 25
$7.0M
$267.0K
Q3 25
$-12.0M
$6.9M
Q2 25
$3.9M
$3.9M
Q1 25
$4.5M
$-150.0K
Q4 24
$29.5M
$-2.6M
Q3 24
$-1.4M
$7.5M
Q2 24
$15.9M
$6.5M
Q1 24
$3.4M
$1.5M
Free Cash Flow
LAND
LAND
LWAY
LWAY
Q4 25
$-17.4M
Q3 25
$1.8M
Q2 25
$1.6M
Q1 25
$-2.4M
Q4 24
$-3.8M
Q3 24
$5.9M
Q2 24
$5.1M
Q1 24
$-923.0K
FCF Margin
LAND
LAND
LWAY
LWAY
Q4 25
-31.5%
Q3 25
3.1%
Q2 25
3.0%
Q1 25
-5.1%
Q4 24
-8.2%
Q3 24
12.8%
Q2 24
10.4%
Q1 24
-2.1%
Capex Intensity
LAND
LAND
LWAY
LWAY
Q4 25
31.9%
Q3 25
9.0%
Q2 25
4.3%
Q1 25
4.8%
Q4 24
2.7%
Q3 24
3.3%
Q2 24
2.9%
Q1 24
5.5%
Cash Conversion
LAND
LAND
LWAY
LWAY
Q4 25
1.66×
0.11×
Q3 25
-5.77×
1.96×
Q2 25
0.92×
Q1 25
0.30×
-0.04×
Q4 24
54.72×
Q3 24
-227.83×
2.50×
Q2 24
1.73×
Q1 24
0.25×
0.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LAND
LAND

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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