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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $55.4M, roughly 1.4× Lifeway Foods, Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 18.0%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-17.4M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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.
LWAY vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $75.2M |
| Net Profit | $2.5M | — |
| Gross Margin | 27.8% | 37.7% |
| Operating Margin | 6.8% | 16.7% |
| Net Margin | 4.6% | — |
| Revenue YoY | 18.0% | 30.7% |
| Net Profit YoY | 1688.1% | — |
| EPS (diluted) | $0.15 | $0.17 |
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 | $55.4M | $75.2M | ||
| Q3 25 | $57.1M | $68.8M | ||
| Q2 25 | $53.9M | $68.2M | ||
| Q1 25 | $46.1M | $64.8M | ||
| Q4 24 | $46.9M | $57.5M | ||
| Q3 24 | $46.1M | $44.2M | ||
| Q2 24 | $49.2M | $66.8M | ||
| Q1 24 | $44.6M | $49.0M |
| Q4 25 | $2.5M | — | ||
| Q3 25 | $3.5M | $5.7M | ||
| Q2 25 | $4.2M | $8.7M | ||
| Q1 25 | $3.5M | $10.0M | ||
| Q4 24 | $-160.0K | — | ||
| Q3 24 | $3.0M | $-174.3M | ||
| Q2 24 | $3.8M | $8.0M | ||
| Q1 24 | $2.4M | $7.3M |
| Q4 25 | 27.8% | 37.7% | ||
| Q3 25 | 28.7% | 31.9% | ||
| Q2 25 | 28.6% | 36.9% | ||
| Q1 25 | 23.9% | 39.0% | ||
| Q4 24 | 25.3% | 39.2% | ||
| Q3 24 | 25.7% | 27.5% | ||
| Q2 24 | 27.0% | 37.2% | ||
| Q1 24 | 25.8% | 36.0% |
| Q4 25 | 6.8% | 16.7% | ||
| Q3 25 | 8.8% | 13.2% | ||
| Q2 25 | 10.8% | 17.0% | ||
| Q1 25 | 3.4% | 20.9% | ||
| Q4 24 | 1.5% | 20.2% | ||
| Q3 24 | 9.1% | 2.8% | ||
| Q2 24 | 11.0% | 18.7% | ||
| Q1 24 | 8.0% | 14.2% |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 6.2% | 8.2% | ||
| Q2 25 | 7.9% | 12.7% | ||
| Q1 25 | 7.7% | 15.4% | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | 6.5% | -394.3% | ||
| Q2 24 | 7.7% | 12.0% | ||
| Q1 24 | 5.4% | 14.9% |
| Q4 25 | $0.15 | $0.17 | ||
| Q3 25 | $0.23 | $0.07 | ||
| Q2 25 | $0.28 | $0.10 | ||
| Q1 25 | $0.23 | $0.11 | ||
| Q4 24 | $0.00 | $0.10 | ||
| Q3 24 | $0.19 | $-1.99 | ||
| Q2 24 | $0.25 | $0.09 | ||
| Q1 24 | $0.16 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $85.8M | $351.2M |
| Total Assets | $105.6M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $5.1M | ||
| Q3 25 | $23.0M | $35.6M | ||
| Q2 25 | $21.2M | $26.0M | ||
| Q1 25 | $19.4M | $20.8M | ||
| Q4 24 | $16.7M | $17.8M | ||
| Q3 24 | $20.6M | $42.9M | ||
| Q2 24 | $14.6M | $35.1M | ||
| Q1 24 | $12.0M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | $2.5M | $77.4M |
| Q4 25 | $85.8M | $351.2M | ||
| Q3 25 | $82.8M | $333.9M | ||
| Q2 25 | $78.7M | $328.8M | ||
| Q1 25 | $74.2M | $326.9M | ||
| Q4 24 | $71.9M | $326.5M | ||
| Q3 24 | $71.5M | $316.5M | ||
| Q2 24 | $68.0M | $426.6M | ||
| Q1 24 | $63.5M | $421.6M |
| Q4 25 | $105.6M | $441.8M | ||
| Q3 25 | $109.5M | $404.5M | ||
| Q2 25 | $98.3M | $393.7M | ||
| Q1 25 | $93.7M | $390.0M | ||
| Q4 24 | $90.5M | $393.7M | ||
| Q3 24 | $91.3M | $389.6M | ||
| Q2 24 | $84.9M | $624.8M | ||
| Q1 24 | $82.8M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | 0.04× | 0.18× |
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 | $267.0K | $18.0M |
| Free Cash FlowOCF − Capex | $-17.4M | $5.8M |
| FCF MarginFCF / Revenue | -31.5% | 7.6% |
| Capex IntensityCapex / Revenue | 31.9% | 16.3% |
| Cash ConversionOCF / Net Profit | 0.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0K | $18.0M | ||
| Q3 25 | $6.9M | $24.7M | ||
| Q2 25 | $3.9M | $21.4M | ||
| Q1 25 | $-150.0K | $8.8M | ||
| Q4 24 | $-2.6M | $-4.1M | ||
| Q3 24 | $7.5M | $2.8M | ||
| Q2 24 | $6.5M | $27.6M | ||
| Q1 24 | $1.5M | $11.9M |
| Q4 25 | $-17.4M | $5.8M | ||
| Q3 25 | $1.8M | $12.0M | ||
| Q2 25 | $1.6M | $9.7M | ||
| Q1 25 | $-2.4M | $-1.2M | ||
| Q4 24 | $-3.8M | $-17.7M | ||
| Q3 24 | $5.9M | $-6.7M | ||
| Q2 24 | $5.1M | $21.0M | ||
| Q1 24 | $-923.0K | $-1.9M |
| Q4 25 | -31.5% | 7.6% | ||
| Q3 25 | 3.1% | 17.4% | ||
| Q2 25 | 3.0% | 14.3% | ||
| Q1 25 | -5.1% | -1.8% | ||
| Q4 24 | -8.2% | -30.8% | ||
| Q3 24 | 12.8% | -15.2% | ||
| Q2 24 | 10.4% | 31.4% | ||
| Q1 24 | -2.1% | -3.9% |
| Q4 25 | 31.9% | 16.3% | ||
| Q3 25 | 9.0% | 18.5% | ||
| Q2 25 | 4.3% | 17.1% | ||
| Q1 25 | 4.8% | 15.5% | ||
| Q4 24 | 2.7% | 23.6% | ||
| Q3 24 | 3.3% | 21.4% | ||
| Q2 24 | 2.9% | 9.9% | ||
| Q1 24 | 5.5% | 28.3% |
| Q4 25 | 0.11× | — | ||
| Q3 25 | 1.96× | 4.37× | ||
| Q2 25 | 0.92× | 2.47× | ||
| Q1 25 | -0.04× | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.50× | — | ||
| Q2 24 | 1.73× | 3.43× | ||
| Q1 24 | 0.64× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
