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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and Ouster, Inc. (OUST). Click either name above to swap in a different company.

Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $55.4M, roughly 1.1× Lifeway Foods, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 18.0%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

LWAY vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.1× larger
OUST
$62.2M
$55.4M
LWAY
Growing faster (revenue YoY)
OUST
OUST
+88.7% gap
OUST
106.6%
18.0%
LWAY
More free cash flow
LWAY
LWAY
$19.8M more FCF
LWAY
$-17.4M
$-37.2M
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LWAY
LWAY
OUST
OUST
Revenue
$55.4M
$62.2M
Net Profit
$2.5M
Gross Margin
27.8%
60.2%
Operating Margin
6.8%
1.5%
Net Margin
4.6%
Revenue YoY
18.0%
106.6%
Net Profit YoY
1688.1%
EPS (diluted)
$0.15
$0.10

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
OUST
OUST
Q4 25
$55.4M
$62.2M
Q3 25
$57.1M
$39.5M
Q2 25
$53.9M
$35.0M
Q1 25
$46.1M
$32.6M
Q4 24
$46.9M
$30.1M
Q3 24
$46.1M
$28.1M
Q2 24
$49.2M
$27.0M
Q1 24
$44.6M
$25.9M
Net Profit
LWAY
LWAY
OUST
OUST
Q4 25
$2.5M
Q3 25
$3.5M
$-21.7M
Q2 25
$4.2M
$-20.6M
Q1 25
$3.5M
$-22.0M
Q4 24
$-160.0K
Q3 24
$3.0M
$-25.6M
Q2 24
$3.8M
$-23.9M
Q1 24
$2.4M
$-23.8M
Gross Margin
LWAY
LWAY
OUST
OUST
Q4 25
27.8%
60.2%
Q3 25
28.7%
42.1%
Q2 25
28.6%
45.2%
Q1 25
23.9%
41.3%
Q4 24
25.3%
43.8%
Q3 24
25.7%
38.3%
Q2 24
27.0%
33.7%
Q1 24
25.8%
28.6%
Operating Margin
LWAY
LWAY
OUST
OUST
Q4 25
6.8%
1.5%
Q3 25
8.8%
-61.4%
Q2 25
10.8%
-76.5%
Q1 25
3.4%
-73.0%
Q4 24
1.5%
-85.1%
Q3 24
9.1%
-98.0%
Q2 24
11.0%
-93.6%
Q1 24
8.0%
-99.5%
Net Margin
LWAY
LWAY
OUST
OUST
Q4 25
4.6%
Q3 25
6.2%
-55.0%
Q2 25
7.9%
-58.8%
Q1 25
7.7%
-67.5%
Q4 24
-0.3%
Q3 24
6.5%
-91.1%
Q2 24
7.7%
-88.4%
Q1 24
5.4%
-91.9%
EPS (diluted)
LWAY
LWAY
OUST
OUST
Q4 25
$0.15
$0.10
Q3 25
$0.23
$-0.37
Q2 25
$0.28
$-0.38
Q1 25
$0.23
$-0.42
Q4 24
$0.00
$-0.46
Q3 24
$0.19
$-0.54
Q2 24
$0.25
$-0.53
Q1 24
$0.16
$-0.55

Balance Sheet & Financial Strength

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

Metric
LWAY
LWAY
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$5.6M
$208.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.8M
$261.7M
Total Assets
$105.6M
$349.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWAY
LWAY
OUST
OUST
Q4 25
$5.6M
$208.6M
Q3 25
$23.0M
$244.5M
Q2 25
$21.2M
$226.5M
Q1 25
$19.4M
$168.2M
Q4 24
$16.7M
$172.0M
Q3 24
$20.6M
$151.4M
Q2 24
$14.6M
$184.2M
Q1 24
$12.0M
$187.8M
Total Debt
LWAY
LWAY
OUST
OUST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
LWAY
LWAY
OUST
OUST
Q4 25
$85.8M
$261.7M
Q3 25
$82.8M
$247.4M
Q2 25
$78.7M
$221.0M
Q1 25
$74.2M
$167.9M
Q4 24
$71.9M
$180.9M
Q3 24
$71.5M
$171.7M
Q2 24
$68.0M
$170.6M
Q1 24
$63.5M
$167.2M
Total Assets
LWAY
LWAY
OUST
OUST
Q4 25
$105.6M
$349.5M
Q3 25
$109.5M
$353.8M
Q2 25
$98.3M
$321.8M
Q1 25
$93.7M
$268.6M
Q4 24
$90.5M
$276.1M
Q3 24
$91.3M
$255.2M
Q2 24
$84.9M
$309.9M
Q1 24
$82.8M
$317.7M
Debt / Equity
LWAY
LWAY
OUST
OUST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
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
LWAY
LWAY
OUST
OUST
Operating Cash FlowLast quarter
$267.0K
$-15.4M
Free Cash FlowOCF − Capex
$-17.4M
$-37.2M
FCF MarginFCF / Revenue
-31.5%
-59.8%
Capex IntensityCapex / Revenue
31.9%
35.0%
Cash ConversionOCF / Net Profit
0.11×
TTM Free Cash FlowTrailing 4 quarters
$-16.4M
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LWAY
LWAY
OUST
OUST
Q4 25
$267.0K
$-15.4M
Q3 25
$6.9M
$-18.3M
Q2 25
$3.9M
$-1.3M
Q1 25
$-150.0K
$-4.9M
Q4 24
$-2.6M
$-2.6M
Q3 24
$7.5M
$-3.8M
Q2 24
$6.5M
$-21.6M
Q1 24
$1.5M
$-5.7M
Free Cash Flow
LWAY
LWAY
OUST
OUST
Q4 25
$-17.4M
$-37.2M
Q3 25
$1.8M
$-20.0M
Q2 25
$1.6M
$-2.2M
Q1 25
$-2.4M
$-5.4M
Q4 24
$-3.8M
$-4.0M
Q3 24
$5.9M
$-4.3M
Q2 24
$5.1M
$-22.0M
Q1 24
$-923.0K
$-7.1M
FCF Margin
LWAY
LWAY
OUST
OUST
Q4 25
-31.5%
-59.8%
Q3 25
3.1%
-50.7%
Q2 25
3.0%
-6.3%
Q1 25
-5.1%
-16.6%
Q4 24
-8.2%
-13.3%
Q3 24
12.8%
-15.4%
Q2 24
10.4%
-81.5%
Q1 24
-2.1%
-27.4%
Capex Intensity
LWAY
LWAY
OUST
OUST
Q4 25
31.9%
35.0%
Q3 25
9.0%
4.3%
Q2 25
4.3%
2.5%
Q1 25
4.8%
1.7%
Q4 24
2.7%
4.8%
Q3 24
3.3%
2.0%
Q2 24
2.9%
1.3%
Q1 24
5.5%
5.3%
Cash Conversion
LWAY
LWAY
OUST
OUST
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

LWAY
LWAY

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

OUST
OUST

Segment breakdown not available.

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