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Side-by-side financial comparison of LandBridge Co LLC (LB) and Lifeway Foods, Inc. (LWAY). Click either name above to swap in a different company.
LandBridge Co LLC is the larger business by last-quarter revenue ($56.8M vs $55.4M, roughly 1.0× Lifeway Foods, Inc.). LandBridge Co LLC runs the higher net margin — 14.2% vs 4.6%, a 9.6% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 18.0%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $-17.4M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 11.4%).
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.
LB vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.8M | $55.4M |
| Net Profit | $8.1M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | 60.0% | 6.8% |
| Net Margin | 14.2% | 4.6% |
| Revenue YoY | 55.6% | 18.0% |
| Net Profit YoY | -83.7% | 1688.1% |
| EPS (diluted) | $0.24 | $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 | $56.8M | $55.4M | ||
| Q3 25 | $50.8M | $57.1M | ||
| Q2 25 | $47.5M | $53.9M | ||
| Q1 25 | $44.0M | $46.1M | ||
| Q4 24 | $36.5M | $46.9M | ||
| Q3 24 | $28.5M | $46.1M | ||
| Q2 24 | $26.0M | $49.2M | ||
| Q1 24 | $19.0M | $44.6M |
| Q4 25 | $8.1M | $2.5M | ||
| Q3 25 | $8.1M | $3.5M | ||
| Q2 25 | $7.5M | $4.2M | ||
| Q1 25 | $6.5M | $3.5M | ||
| Q4 24 | $49.3M | $-160.0K | ||
| Q3 24 | $2.7M | $3.0M | ||
| Q2 24 | $-57.7M | $3.8M | ||
| Q1 24 | $10.8M | $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 | 60.0% | 6.8% | ||
| Q3 25 | 60.8% | 8.8% | ||
| Q2 25 | 60.0% | 10.8% | ||
| Q1 25 | 57.0% | 3.4% | ||
| Q4 24 | 49.4% | 1.5% | ||
| Q3 24 | 11.2% | 9.1% | ||
| Q2 24 | -197.4% | 11.0% | ||
| Q1 24 | 71.1% | 8.0% |
| Q4 25 | 14.2% | 4.6% | ||
| Q3 25 | 15.9% | 6.2% | ||
| Q2 25 | 15.8% | 7.9% | ||
| Q1 25 | 14.7% | 7.7% | ||
| Q4 24 | 135.2% | -0.3% | ||
| Q3 24 | 9.3% | 6.5% | ||
| Q2 24 | -222.1% | 7.7% | ||
| Q1 24 | 56.7% | 5.4% |
| Q4 25 | $0.24 | $0.15 | ||
| Q3 25 | $0.26 | $0.23 | ||
| Q2 25 | $0.24 | $0.28 | ||
| Q1 25 | $0.20 | $0.23 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | $-0.04 | $0.19 | ||
| Q2 24 | — | $0.25 | ||
| Q1 24 | — | $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 | $30.7M | $5.6M |
| Total DebtLower is stronger | $570.7M | — |
| Stockholders' EquityBook value | $340.3M | $85.8M |
| Total Assets | $1.4B | $105.6M |
| Debt / EquityLower = less leverage | 1.68× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.7M | $5.6M | ||
| Q3 25 | $28.3M | $23.0M | ||
| Q2 25 | $20.3M | $21.2M | ||
| Q1 25 | $14.9M | $19.4M | ||
| Q4 24 | $37.0M | $16.7M | ||
| Q3 24 | $14.4M | $20.6M | ||
| Q2 24 | $24.6M | $14.6M | ||
| Q1 24 | — | $12.0M |
| Q4 25 | $570.7M | — | ||
| Q3 25 | $366.1M | — | ||
| Q2 25 | $370.9M | — | ||
| Q1 25 | $375.5M | — | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $340.3M | $85.8M | ||
| Q3 25 | $272.0M | $82.8M | ||
| Q2 25 | $266.4M | $78.7M | ||
| Q1 25 | $217.0M | $74.2M | ||
| Q4 24 | $211.8M | $71.9M | ||
| Q3 24 | $97.2M | $71.5M | ||
| Q2 24 | $296.4M | $68.0M | ||
| Q1 24 | $162.3M | $63.5M |
| Q4 25 | $1.4B | $105.6M | ||
| Q3 25 | $1.1B | $109.5M | ||
| Q2 25 | $1.1B | $98.3M | ||
| Q1 25 | $1.0B | $93.7M | ||
| Q4 24 | $1.0B | $90.5M | ||
| Q3 24 | $689.9M | $91.3M | ||
| Q2 24 | $710.5M | $84.9M | ||
| Q1 24 | — | $82.8M |
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $126.3M | $267.0K |
| Free Cash FlowOCF − Capex | $122.0M | $-17.4M |
| FCF MarginFCF / Revenue | 214.9% | -31.5% |
| Capex IntensityCapex / Revenue | 7.5% | 31.9% |
| Cash ConversionOCF / Net Profit | 15.68× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $207.7M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $267.0K | ||
| Q3 25 | $34.9M | $6.9M | ||
| Q2 25 | $37.3M | $3.9M | ||
| Q1 25 | $15.9M | $-150.0K | ||
| Q4 24 | $67.6M | $-2.6M | ||
| Q3 24 | $7.5M | $7.5M | ||
| Q2 24 | $16.0M | $6.5M | ||
| Q1 24 | $17.2M | $1.5M |
| Q4 25 | $122.0M | $-17.4M | ||
| Q3 25 | $33.7M | $1.8M | ||
| Q2 25 | $36.1M | $1.6M | ||
| Q1 25 | $15.8M | $-2.4M | ||
| Q4 24 | $66.7M | $-3.8M | ||
| Q3 24 | $7.1M | $5.9M | ||
| Q2 24 | $15.7M | $5.1M | ||
| Q1 24 | $17.1M | $-923.0K |
| Q4 25 | 214.9% | -31.5% | ||
| Q3 25 | 66.3% | 3.1% | ||
| Q2 25 | 75.9% | 3.0% | ||
| Q1 25 | 36.0% | -5.1% | ||
| Q4 24 | 182.6% | -8.2% | ||
| Q3 24 | 25.1% | 12.8% | ||
| Q2 24 | 60.4% | 10.4% | ||
| Q1 24 | 90.1% | -2.1% |
| Q4 25 | 7.5% | 31.9% | ||
| Q3 25 | 2.3% | 9.0% | ||
| Q2 25 | 2.6% | 4.3% | ||
| Q1 25 | 0.2% | 4.8% | ||
| Q4 24 | 2.7% | 2.7% | ||
| Q3 24 | 1.1% | 3.3% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 0.5% | 5.5% |
| Q4 25 | 15.68× | 0.11× | ||
| Q3 25 | 4.31× | 1.96× | ||
| Q2 25 | 4.98× | 0.92× | ||
| Q1 25 | 2.46× | -0.04× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | 2.50× | ||
| Q2 24 | — | 1.73× | ||
| Q1 24 | 1.60× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LB
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% |
