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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $51.2M, roughly 1.1× Plymouth Industrial REIT, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -106.3%, a 110.8% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -1.4%). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 0.4%).
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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
LWAY vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $51.2M |
| Net Profit | $2.5M | $-54.4M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | -102.5% |
| Net Margin | 4.6% | -106.3% |
| Revenue YoY | 18.0% | -1.4% |
| Net Profit YoY | 1688.1% | -248.5% |
| EPS (diluted) | $0.15 | $-1.23 |
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 | — | ||
| Q3 25 | $57.1M | $51.2M | ||
| Q2 25 | $53.9M | $47.2M | ||
| Q1 25 | $46.1M | $45.6M | ||
| Q4 24 | $46.9M | $47.6M | ||
| Q3 24 | $46.1M | $51.9M | ||
| Q2 24 | $49.2M | $48.7M | ||
| Q1 24 | $44.6M | $50.2M |
| Q4 25 | $2.5M | — | ||
| Q3 25 | $3.5M | $-54.4M | ||
| Q2 25 | $4.2M | $-6.1M | ||
| Q1 25 | $3.5M | $5.8M | ||
| Q4 24 | $-160.0K | $147.4M | ||
| Q3 24 | $3.0M | $-15.6M | ||
| Q2 24 | $3.8M | $1.3M | ||
| Q1 24 | $2.4M | $6.2M |
| 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 | 6.8% | — | ||
| Q3 25 | 8.8% | -102.5% | ||
| Q2 25 | 10.8% | -10.3% | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 9.1% | -29.6% | ||
| Q2 24 | 11.0% | 2.7% | ||
| Q1 24 | 8.0% | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 6.2% | -106.3% | ||
| Q2 25 | 7.9% | -12.9% | ||
| Q1 25 | 7.7% | 12.8% | ||
| Q4 24 | -0.3% | 309.9% | ||
| Q3 24 | 6.5% | -30.1% | ||
| Q2 24 | 7.7% | 2.7% | ||
| Q1 24 | 5.4% | 12.4% |
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.23 | $-1.23 | ||
| Q2 25 | $0.28 | $-0.14 | ||
| Q1 25 | $0.23 | $0.13 | ||
| Q4 24 | $0.00 | $3.24 | ||
| Q3 24 | $0.19 | $-0.35 | ||
| Q2 24 | $0.25 | $0.03 | ||
| Q1 24 | $0.16 | $0.14 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $85.8M | $470.1M |
| Total Assets | $105.6M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | — | ||
| Q3 25 | $23.0M | — | ||
| Q2 25 | $21.2M | — | ||
| Q1 25 | $19.4M | — | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $20.6M | — | ||
| Q2 24 | $14.6M | — | ||
| Q1 24 | $12.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $2.5M | — |
| Q4 25 | $85.8M | — | ||
| Q3 25 | $82.8M | $470.1M | ||
| Q2 25 | $78.7M | $539.6M | ||
| Q1 25 | $74.2M | $571.0M | ||
| Q4 24 | $71.9M | $579.5M | ||
| Q3 24 | $71.5M | $436.5M | ||
| Q2 24 | $68.0M | $475.2M | ||
| Q1 24 | $63.5M | $484.6M |
| Q4 25 | $105.6M | — | ||
| Q3 25 | $109.5M | $1.6B | ||
| Q2 25 | $98.3M | $1.6B | ||
| Q1 25 | $93.7M | $1.4B | ||
| Q4 24 | $90.5M | $1.4B | ||
| Q3 24 | $91.3M | $1.5B | ||
| Q2 24 | $84.9M | $1.4B | ||
| Q1 24 | $82.8M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $267.0K | $20.0M |
| 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.
| Q4 25 | $267.0K | — | ||
| Q3 25 | $6.9M | $20.0M | ||
| Q2 25 | $3.9M | $23.4M | ||
| Q1 25 | $-150.0K | $15.6M | ||
| Q4 24 | $-2.6M | $96.1M | ||
| Q3 24 | $7.5M | $17.6M | ||
| Q2 24 | $6.5M | $19.9M | ||
| Q1 24 | $1.5M | $16.6M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.11× | — | ||
| Q3 25 | 1.96× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | -0.04× | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 2.50× | — | ||
| Q2 24 | 1.73× | 15.12× | ||
| Q1 24 | 0.64× | 2.67× |
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% |
PLYM
Segment breakdown not available.
