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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $55.4M, roughly 1.8× Lifeway Foods, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 4.6%, a 23.9% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 6.5%). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
LWAY vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $97.9M |
| Net Profit | $2.5M | $27.9M |
| Gross Margin | 27.8% | 98.6% |
| Operating Margin | 6.8% | 27.4% |
| Net Margin | 4.6% | 28.5% |
| Revenue YoY | 18.0% | 6.5% |
| Net Profit YoY | 1688.1% | 7.1% |
| EPS (diluted) | $0.15 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $57.1M | $96.2M | ||
| Q2 25 | $53.9M | $93.8M | ||
| Q1 25 | $46.1M | $97.7M | ||
| Q4 24 | $46.9M | $91.9M | ||
| Q3 24 | $46.1M | $90.7M | ||
| Q2 24 | $49.2M | $89.9M | ||
| Q1 24 | $44.6M | $93.2M |
| Q4 25 | $2.5M | $27.9M | ||
| Q3 25 | $3.5M | $29.3M | ||
| Q2 25 | $4.2M | $27.9M | ||
| Q1 25 | $3.5M | $29.4M | ||
| Q4 24 | $-160.0K | $26.0M | ||
| Q3 24 | $3.0M | $19.3M | ||
| Q2 24 | $3.8M | $29.7M | ||
| Q1 24 | $2.4M | $30.7M |
| Q4 25 | 27.8% | 98.6% | ||
| Q3 25 | 28.7% | 98.5% | ||
| Q2 25 | 28.6% | 99.1% | ||
| Q1 25 | 23.9% | 98.8% | ||
| Q4 24 | 25.3% | 98.8% | ||
| Q3 24 | 25.7% | 98.8% | ||
| Q2 24 | 27.0% | 98.8% | ||
| Q1 24 | 25.8% | 98.8% |
| Q4 25 | 6.8% | 27.4% | ||
| Q3 25 | 8.8% | 25.9% | ||
| Q2 25 | 10.8% | 25.5% | ||
| Q1 25 | 3.4% | 25.9% | ||
| Q4 24 | 1.5% | 24.6% | ||
| Q3 24 | 9.1% | 17.5% | ||
| Q2 24 | 11.0% | 26.7% | ||
| Q1 24 | 8.0% | 26.4% |
| Q4 25 | 4.6% | 28.5% | ||
| Q3 25 | 6.2% | 30.5% | ||
| Q2 25 | 7.9% | 29.8% | ||
| Q1 25 | 7.7% | 30.1% | ||
| Q4 24 | -0.3% | 28.3% | ||
| Q3 24 | 6.5% | 21.3% | ||
| Q2 24 | 7.7% | 33.0% | ||
| Q1 24 | 5.4% | 33.0% |
| Q4 25 | $0.15 | $0.38 | ||
| Q3 25 | $0.23 | $0.41 | ||
| Q2 25 | $0.28 | $0.39 | ||
| Q1 25 | $0.23 | $0.41 | ||
| Q4 24 | $0.00 | $0.36 | ||
| Q3 24 | $0.19 | $0.27 | ||
| Q2 24 | $0.25 | $0.42 | ||
| Q1 24 | $0.16 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $85.8M | $2.4B |
| Total Assets | $105.6M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $21.7M | ||
| Q3 25 | $23.0M | $12.1M | ||
| Q2 25 | $21.2M | $13.9M | ||
| Q1 25 | $19.4M | $17.3M | ||
| Q4 24 | $16.7M | $8.3M | ||
| Q3 24 | $20.6M | $15.6M | ||
| Q2 24 | $14.6M | $13.4M | ||
| Q1 24 | $12.0M | $11.3M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $2.5M | $4.1B |
| Q4 25 | $85.8M | $2.4B | ||
| Q3 25 | $82.8M | $2.4B | ||
| Q2 25 | $78.7M | $2.4B | ||
| Q1 25 | $74.2M | $2.4B | ||
| Q4 24 | $71.9M | $2.3B | ||
| Q3 24 | $71.5M | $2.3B | ||
| Q2 24 | $68.0M | $2.3B | ||
| Q1 24 | $63.5M | $2.3B |
| Q4 25 | $105.6M | $7.2B | ||
| Q3 25 | $109.5M | $7.1B | ||
| Q2 25 | $98.3M | $7.1B | ||
| Q1 25 | $93.7M | $6.9B | ||
| Q4 24 | $90.5M | $6.9B | ||
| Q3 24 | $91.3M | $6.8B | ||
| Q2 24 | $84.9M | $6.8B | ||
| Q1 24 | $82.8M | $6.7B |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | 0.04× | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $-17.4M | — |
| FCF MarginFCF / Revenue | -31.5% | — |
| Capex IntensityCapex / Revenue | 31.9% | — |
| Cash ConversionOCF / Net Profit | 0.11× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0K | $47.8M | ||
| Q3 25 | $6.9M | $-1.4M | ||
| Q2 25 | $3.9M | $28.0M | ||
| Q1 25 | $-150.0K | $8.9M | ||
| Q4 24 | $-2.6M | $37.9M | ||
| Q3 24 | $7.5M | $8.3M | ||
| Q2 24 | $6.5M | $24.8M | ||
| Q1 24 | $1.5M | $-3.1M |
| 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× | 1.72× | ||
| Q3 25 | 1.96× | -0.05× | ||
| Q2 25 | 0.92× | 1.00× | ||
| Q1 25 | -0.04× | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 2.50× | 0.43× | ||
| Q2 24 | 1.73× | 0.83× | ||
| Q1 24 | 0.64× | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
