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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and Metropolitan Bank Holding Corp. (MCB). Click either name above to swap in a different company.

Metropolitan Bank Holding Corp. is the larger business by last-quarter revenue ($88.5M vs $55.4M, roughly 1.6× Lifeway Foods, Inc.). Metropolitan Bank Holding Corp. runs the higher net margin — 35.5% vs 4.6%, a 30.9% gap on every dollar of revenue. On growth, Metropolitan Bank Holding Corp. posted the faster year-over-year revenue change (25.4% vs 18.0%). Over the past eight quarters, Metropolitan Bank Holding Corp.'s revenue compounded faster (14.3% 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.

Sandy Spring Bancorp, Inc. was a bank holding company headquartered in Olney, Maryland and operating in the Washington metropolitan area. In addition to banking services, the company offered commercial and personal lines of insurance, surety bonds, workers compensation insurance, and professional liability insurance protection as well as financial planning, wealth management, and asset management for high-net-worth individuals, businesses, and associations. In April 2025, the company was acqu...

LWAY vs MCB — Head-to-Head

Bigger by revenue
MCB
MCB
1.6× larger
MCB
$88.5M
$55.4M
LWAY
Growing faster (revenue YoY)
MCB
MCB
+7.4% gap
MCB
25.4%
18.0%
LWAY
Higher net margin
MCB
MCB
30.9% more per $
MCB
35.5%
4.6%
LWAY
Faster 2-yr revenue CAGR
MCB
MCB
Annualised
MCB
14.3%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LWAY
LWAY
MCB
MCB
Revenue
$55.4M
$88.5M
Net Profit
$2.5M
$31.4M
Gross Margin
27.8%
Operating Margin
6.8%
Net Margin
4.6%
35.5%
Revenue YoY
18.0%
25.4%
Net Profit YoY
1688.1%
92.2%
EPS (diluted)
$0.15
$2.92

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
LWAY
LWAY
MCB
MCB
Q1 26
$88.5M
Q4 25
$55.4M
$88.4M
Q3 25
$57.1M
$79.8M
Q2 25
$53.9M
$76.3M
Q1 25
$46.1M
$70.6M
Q4 24
$46.9M
$71.0M
Q3 24
$46.1M
$71.5M
Q2 24
$49.2M
$67.7M
Net Profit
LWAY
LWAY
MCB
MCB
Q1 26
$31.4M
Q4 25
$2.5M
$28.9M
Q3 25
$3.5M
$7.1M
Q2 25
$4.2M
$18.8M
Q1 25
$3.5M
$16.4M
Q4 24
$-160.0K
$21.4M
Q3 24
$3.0M
$12.3M
Q2 24
$3.8M
$16.8M
Gross Margin
LWAY
LWAY
MCB
MCB
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%
Operating Margin
LWAY
LWAY
MCB
MCB
Q1 26
Q4 25
6.8%
46.6%
Q3 25
8.8%
12.8%
Q2 25
10.8%
35.1%
Q1 25
3.4%
33.1%
Q4 24
1.5%
44.1%
Q3 24
9.1%
24.6%
Q2 24
11.0%
35.3%
Net Margin
LWAY
LWAY
MCB
MCB
Q1 26
35.5%
Q4 25
4.6%
32.6%
Q3 25
6.2%
8.9%
Q2 25
7.9%
24.6%
Q1 25
7.7%
23.2%
Q4 24
-0.3%
30.2%
Q3 24
6.5%
17.2%
Q2 24
7.7%
24.8%
EPS (diluted)
LWAY
LWAY
MCB
MCB
Q1 26
$2.92
Q4 25
$0.15
$2.74
Q3 25
$0.23
$0.67
Q2 25
$0.28
$1.76
Q1 25
$0.23
$1.45
Q4 24
$0.00
$1.89
Q3 24
$0.19
$1.08
Q2 24
$0.25
$1.50

Balance Sheet & Financial Strength

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

Metric
LWAY
LWAY
MCB
MCB
Cash + ST InvestmentsLiquidity on hand
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.8M
$948.3M
Total Assets
$105.6M
$8.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWAY
LWAY
MCB
MCB
Q1 26
Q4 25
$5.6M
$393.6M
Q3 25
$23.0M
$385.9M
Q2 25
$21.2M
$152.5M
Q1 25
$19.4M
$196.5M
Q4 24
$16.7M
$200.3M
Q3 24
$20.6M
$318.5M
Q2 24
$14.6M
$244.7M
Stockholders' Equity
LWAY
LWAY
MCB
MCB
Q1 26
$948.3M
Q4 25
$85.8M
$743.1M
Q3 25
$82.8M
$732.0M
Q2 25
$78.7M
$723.0M
Q1 25
$74.2M
$737.8M
Q4 24
$71.9M
$729.8M
Q3 24
$71.5M
$715.2M
Q2 24
$68.0M
$692.4M
Total Assets
LWAY
LWAY
MCB
MCB
Q1 26
$8.8B
Q4 25
$105.6M
$8.3B
Q3 25
$109.5M
$8.2B
Q2 25
$98.3M
$7.9B
Q1 25
$93.7M
$7.6B
Q4 24
$90.5M
$7.3B
Q3 24
$91.3M
$7.4B
Q2 24
$84.9M
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LWAY
LWAY
MCB
MCB
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.

Operating Cash Flow
LWAY
LWAY
MCB
MCB
Q1 26
Q4 25
$267.0K
$88.7M
Q3 25
$6.9M
$31.8M
Q2 25
$3.9M
$18.4M
Q1 25
$-150.0K
$7.8M
Q4 24
$-2.6M
$148.5M
Q3 24
$7.5M
$4.8M
Q2 24
$6.5M
$35.3M
Free Cash Flow
LWAY
LWAY
MCB
MCB
Q1 26
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
FCF Margin
LWAY
LWAY
MCB
MCB
Q1 26
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%
Capex Intensity
LWAY
LWAY
MCB
MCB
Q1 26
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%
Cash Conversion
LWAY
LWAY
MCB
MCB
Q1 26
Q4 25
0.11×
3.07×
Q3 25
1.96×
4.47×
Q2 25
0.92×
0.98×
Q1 25
-0.04×
0.47×
Q4 24
6.93×
Q3 24
2.50×
0.39×
Q2 24
1.73×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LWAY
LWAY

Drinkable Kefirotherthan Pro Bugs$47.8M86%
Cheese$4.7M8%
Cream And Other$1.7M3%
Other$1.2M2%

MCB
MCB

Segment breakdown not available.

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