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

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $55.4M, roughly 1.0× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -83.0%, a 87.6% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 18.0%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

LWAY vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.0× larger
RYTM
$57.3M
$55.4M
LWAY
Growing faster (revenue YoY)
RYTM
RYTM
+18.9% gap
RYTM
36.9%
18.0%
LWAY
Higher net margin
LWAY
LWAY
87.6% more per $
LWAY
4.6%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LWAY
LWAY
RYTM
RYTM
Revenue
$55.4M
$57.3M
Net Profit
$2.5M
$-47.5M
Gross Margin
27.8%
91.6%
Operating Margin
6.8%
-82.2%
Net Margin
4.6%
-83.0%
Revenue YoY
18.0%
36.9%
Net Profit YoY
1688.1%
-9.6%
EPS (diluted)
$0.15
$-0.73

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
RYTM
RYTM
Q4 25
$55.4M
$57.3M
Q3 25
$57.1M
$51.3M
Q2 25
$53.9M
$48.5M
Q1 25
$46.1M
$32.7M
Q4 24
$46.9M
$41.8M
Q3 24
$46.1M
$33.3M
Q2 24
$49.2M
$29.1M
Q1 24
$44.6M
$26.0M
Net Profit
LWAY
LWAY
RYTM
RYTM
Q4 25
$2.5M
$-47.5M
Q3 25
$3.5M
$-52.9M
Q2 25
$4.2M
$-46.6M
Q1 25
$3.5M
$-49.5M
Q4 24
$-160.0K
$-43.3M
Q3 24
$3.0M
$-43.6M
Q2 24
$3.8M
$-32.3M
Q1 24
$2.4M
$-141.4M
Gross Margin
LWAY
LWAY
RYTM
RYTM
Q4 25
27.8%
91.6%
Q3 25
28.7%
89.3%
Q2 25
28.6%
88.6%
Q1 25
23.9%
88.8%
Q4 24
25.3%
90.9%
Q3 24
25.7%
88.5%
Q2 24
27.0%
89.9%
Q1 24
25.8%
89.2%
Operating Margin
LWAY
LWAY
RYTM
RYTM
Q4 25
6.8%
-82.2%
Q3 25
8.8%
-102.6%
Q2 25
10.8%
-93.4%
Q1 25
3.4%
-143.7%
Q4 24
1.5%
-98.6%
Q3 24
9.1%
-132.0%
Q2 24
11.0%
-139.2%
Q1 24
8.0%
-538.7%
Net Margin
LWAY
LWAY
RYTM
RYTM
Q4 25
4.6%
-83.0%
Q3 25
6.2%
-103.1%
Q2 25
7.9%
-96.1%
Q1 25
7.7%
-151.4%
Q4 24
-0.3%
-103.6%
Q3 24
6.5%
-131.2%
Q2 24
7.7%
-110.9%
Q1 24
5.4%
-544.4%
EPS (diluted)
LWAY
LWAY
RYTM
RYTM
Q4 25
$0.15
$-0.73
Q3 25
$0.23
$-0.82
Q2 25
$0.28
$-0.75
Q1 25
$0.23
$-0.81
Q4 24
$0.00
$-0.71
Q3 24
$0.19
$-0.73
Q2 24
$0.25
$-0.55
Q1 24
$0.16
$-2.35

Balance Sheet & Financial Strength

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

Metric
LWAY
LWAY
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$5.6M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.8M
$139.1M
Total Assets
$105.6M
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWAY
LWAY
RYTM
RYTM
Q4 25
$5.6M
$388.9M
Q3 25
$23.0M
$416.1M
Q2 25
$21.2M
$291.0M
Q1 25
$19.4M
$314.5M
Q4 24
$16.7M
$320.6M
Q3 24
$20.6M
$298.4M
Q2 24
$14.6M
$319.1M
Q1 24
$12.0M
$201.2M
Total Debt
LWAY
LWAY
RYTM
RYTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
LWAY
LWAY
RYTM
RYTM
Q4 25
$85.8M
$139.1M
Q3 25
$82.8M
$148.8M
Q2 25
$78.7M
$-11.9M
Q1 25
$74.2M
$18.9M
Q4 24
$71.9M
$21.7M
Q3 24
$71.5M
$11.2M
Q2 24
$68.0M
$39.3M
Q1 24
$63.5M
$61.6M
Total Assets
LWAY
LWAY
RYTM
RYTM
Q4 25
$105.6M
$480.2M
Q3 25
$109.5M
$506.9M
Q2 25
$98.3M
$372.7M
Q1 25
$93.7M
$386.7M
Q4 24
$90.5M
$392.3M
Q3 24
$91.3M
$363.6M
Q2 24
$84.9M
$381.8M
Q1 24
$82.8M
$258.7M
Debt / Equity
LWAY
LWAY
RYTM
RYTM
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
RYTM
RYTM
Operating Cash FlowLast quarter
$267.0K
$-25.4M
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
RYTM
RYTM
Q4 25
$267.0K
$-25.4M
Q3 25
$6.9M
$-26.6M
Q2 25
$3.9M
$-23.3M
Q1 25
$-150.0K
$-40.4M
Q4 24
$-2.6M
$-18.8M
Q3 24
$7.5M
$-25.2M
Q2 24
$6.5M
$-29.1M
Q1 24
$1.5M
$-40.7M
Free Cash Flow
LWAY
LWAY
RYTM
RYTM
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
FCF Margin
LWAY
LWAY
RYTM
RYTM
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%
Capex Intensity
LWAY
LWAY
RYTM
RYTM
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%
Cash Conversion
LWAY
LWAY
RYTM
RYTM
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%

RYTM
RYTM

Segment breakdown not available.

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