vs
Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $55.4M, roughly 1.7× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -5.9%, a 10.5% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 7.2%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
LWAY vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $91.6M |
| Net Profit | $2.5M | $-5.4M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | -1.0% |
| Net Margin | 4.6% | -5.9% |
| Revenue YoY | 18.0% | 7.2% |
| Net Profit YoY | 1688.1% | -95.8% |
| EPS (diluted) | $0.15 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $57.1M | $89.8M | ||
| Q2 25 | $53.9M | $88.6M | ||
| Q1 25 | $46.1M | $87.9M | ||
| Q4 24 | $46.9M | $85.4M | ||
| Q3 24 | $46.1M | $87.6M | ||
| Q2 24 | $49.2M | $85.8M | ||
| Q1 24 | $44.6M | $69.2M |
| Q4 25 | $2.5M | $-5.4M | ||
| Q3 25 | $3.5M | $-9.4M | ||
| Q2 25 | $4.2M | $-9.0M | ||
| Q1 25 | $3.5M | $-9.1M | ||
| Q4 24 | $-160.0K | $-2.7M | ||
| Q3 24 | $3.0M | $-5.3M | ||
| Q2 24 | $3.8M | $-12.9M | ||
| Q1 24 | $2.4M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | 8.8% | -8.0% | ||
| Q2 25 | 10.8% | -10.3% | ||
| Q1 25 | 3.4% | -6.9% | ||
| Q4 24 | 1.5% | -6.7% | ||
| Q3 24 | 9.1% | -4.8% | ||
| Q2 24 | 11.0% | -18.5% | ||
| Q1 24 | 8.0% | -4.0% |
| Q4 25 | 4.6% | -5.9% | ||
| Q3 25 | 6.2% | -10.5% | ||
| Q2 25 | 7.9% | -10.2% | ||
| Q1 25 | 7.7% | -10.4% | ||
| Q4 24 | -0.3% | -3.2% | ||
| Q3 24 | 6.5% | -6.0% | ||
| Q2 24 | 7.7% | -15.0% | ||
| Q1 24 | 5.4% | 310.0% |
| Q4 25 | $0.15 | $-0.13 | ||
| Q3 25 | $0.23 | $-0.20 | ||
| Q2 25 | $0.28 | $-0.19 | ||
| Q1 25 | $0.23 | $-0.19 | ||
| Q4 24 | $0.00 | $-0.34 | ||
| Q3 24 | $0.19 | $-0.13 | ||
| Q2 24 | $0.25 | $-0.24 | ||
| Q1 24 | $0.16 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $85.8M | $880.8M |
| Total Assets | $105.6M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $27.3M | ||
| Q3 25 | $23.0M | $22.6M | ||
| Q2 25 | $21.2M | $29.1M | ||
| Q1 25 | $19.4M | $87.5M | ||
| Q4 24 | $16.7M | $46.3M | ||
| Q3 24 | $20.6M | $43.1M | ||
| Q2 24 | $14.6M | $43.8M | ||
| Q1 24 | $12.0M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | $2.5M | $298.7M |
| Q4 25 | $85.8M | $880.8M | ||
| Q3 25 | $82.8M | $892.7M | ||
| Q2 25 | $78.7M | $902.0M | ||
| Q1 25 | $74.2M | $910.5M | ||
| Q4 24 | $71.9M | $918.6M | ||
| Q3 24 | $71.5M | $925.4M | ||
| Q2 24 | $68.0M | $933.1M | ||
| Q1 24 | $63.5M | $871.6M |
| Q4 25 | $105.6M | $1.9B | ||
| Q3 25 | $109.5M | $1.9B | ||
| Q2 25 | $98.3M | $1.8B | ||
| Q1 25 | $93.7M | $1.8B | ||
| Q4 24 | $90.5M | $1.7B | ||
| Q3 24 | $91.3M | $1.7B | ||
| Q2 24 | $84.9M | $1.7B | ||
| Q1 24 | $82.8M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | 0.04× | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $-17.4M | $-78.6M |
| FCF MarginFCF / Revenue | -31.5% | -85.8% |
| Capex IntensityCapex / Revenue | 31.9% | 117.2% |
| Cash ConversionOCF / Net Profit | 0.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0K | $28.8M | ||
| Q3 25 | $6.9M | $30.7M | ||
| Q2 25 | $3.9M | $20.9M | ||
| Q1 25 | $-150.0K | $20.5M | ||
| Q4 24 | $-2.6M | $20.6M | ||
| Q3 24 | $7.5M | $24.3M | ||
| Q2 24 | $6.5M | $2.5M | ||
| Q1 24 | $1.5M | $15.2M |
| Q4 25 | $-17.4M | $-78.6M | ||
| Q3 25 | $1.8M | $-51.4M | ||
| Q2 25 | $1.6M | $-65.3M | ||
| Q1 25 | $-2.4M | $-62.7M | ||
| Q4 24 | $-3.8M | $-72.0M | ||
| Q3 24 | $5.9M | $-51.3M | ||
| Q2 24 | $5.1M | $-78.3M | ||
| Q1 24 | $-923.0K | $-54.9M |
| Q4 25 | -31.5% | -85.8% | ||
| Q3 25 | 3.1% | -57.2% | ||
| Q2 25 | 3.0% | -73.7% | ||
| Q1 25 | -5.1% | -71.3% | ||
| Q4 24 | -8.2% | -84.3% | ||
| Q3 24 | 12.8% | -58.5% | ||
| Q2 24 | 10.4% | -91.3% | ||
| Q1 24 | -2.1% | -79.3% |
| Q4 25 | 31.9% | 117.2% | ||
| Q3 25 | 9.0% | 91.4% | ||
| Q2 25 | 4.3% | 97.3% | ||
| Q1 25 | 4.8% | 94.7% | ||
| Q4 24 | 2.7% | 108.4% | ||
| Q3 24 | 3.3% | 86.2% | ||
| Q2 24 | 2.9% | 94.2% | ||
| Q1 24 | 5.5% | 101.2% |
| 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× | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
