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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $53.8M, roughly 1.0× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs 4.6%, a 20.8% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
LWAY vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $53.8M |
| Net Profit | $2.5M | $13.7M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | — |
| Net Margin | 4.6% | 25.4% |
| Revenue YoY | 18.0% | — |
| Net Profit YoY | 1688.1% | 21.6% |
| EPS (diluted) | $0.15 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $55.4M | $53.3M | ||
| Q3 25 | $57.1M | $51.1M | ||
| Q2 25 | $53.9M | $49.2M | ||
| Q1 25 | $46.1M | $46.8M | ||
| Q4 24 | $46.9M | $46.8M | ||
| Q3 24 | $46.1M | $44.2M | ||
| Q2 24 | $49.2M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $2.5M | $13.7M | ||
| Q3 25 | $3.5M | $13.7M | ||
| Q2 25 | $4.2M | $11.7M | ||
| Q1 25 | $3.5M | $11.3M | ||
| Q4 24 | $-160.0K | $9.6M | ||
| Q3 24 | $3.0M | $9.1M | ||
| Q2 24 | $3.8M | $8.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 6.8% | 31.3% | ||
| Q3 25 | 8.8% | 33.2% | ||
| Q2 25 | 10.8% | 29.0% | ||
| Q1 25 | 3.4% | 29.0% | ||
| Q4 24 | 1.5% | 26.5% | ||
| Q3 24 | 9.1% | 24.3% | ||
| Q2 24 | 11.0% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | 4.6% | 25.7% | ||
| Q3 25 | 6.2% | 26.8% | ||
| Q2 25 | 7.9% | 23.8% | ||
| Q1 25 | 7.7% | 24.0% | ||
| Q4 24 | -0.3% | 20.6% | ||
| Q3 24 | 6.5% | 20.7% | ||
| Q2 24 | 7.7% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $0.15 | $0.81 | ||
| Q3 25 | $0.23 | $0.81 | ||
| Q2 25 | $0.28 | $0.69 | ||
| Q1 25 | $0.23 | $0.67 | ||
| Q4 24 | $0.00 | $0.57 | ||
| Q3 24 | $0.19 | $0.54 | ||
| Q2 24 | $0.25 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $85.8M | $562.2M |
| Total Assets | $105.6M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $5.6M | $464.4M | ||
| Q3 25 | $23.0M | $557.1M | ||
| Q2 25 | $21.2M | $365.1M | ||
| Q1 25 | $19.4M | $423.0M | ||
| Q4 24 | $16.7M | $387.6M | ||
| Q3 24 | $20.6M | $192.9M | ||
| Q2 24 | $14.6M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $85.8M | $552.4M | ||
| Q3 25 | $82.8M | $538.4M | ||
| Q2 25 | $78.7M | $519.0M | ||
| Q1 25 | $74.2M | $505.8M | ||
| Q4 24 | $71.9M | $491.3M | ||
| Q3 24 | $71.5M | $489.0M | ||
| Q2 24 | $68.0M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $105.6M | $5.9B | ||
| Q3 25 | $109.5M | $5.8B | ||
| Q2 25 | $98.3M | $5.5B | ||
| Q1 25 | $93.7M | $5.4B | ||
| Q4 24 | $90.5M | $5.3B | ||
| Q3 24 | $91.3M | $4.9B | ||
| Q2 24 | $84.9M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $267.0K | $61.7M | ||
| Q3 25 | $6.9M | $16.9M | ||
| Q2 25 | $3.9M | $14.0M | ||
| Q1 25 | $-150.0K | $14.3M | ||
| Q4 24 | $-2.6M | $52.7M | ||
| Q3 24 | $7.5M | $12.4M | ||
| Q2 24 | $6.5M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.4M | $59.3M | ||
| Q3 25 | $1.8M | $16.6M | ||
| Q2 25 | $1.6M | $13.2M | ||
| Q1 25 | $-2.4M | $13.4M | ||
| Q4 24 | $-3.8M | $46.3M | ||
| Q3 24 | $5.9M | $11.3M | ||
| Q2 24 | $5.1M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -31.5% | 111.3% | ||
| Q3 25 | 3.1% | 32.4% | ||
| Q2 25 | 3.0% | 26.9% | ||
| Q1 25 | -5.1% | 28.5% | ||
| Q4 24 | -8.2% | 98.9% | ||
| Q3 24 | 12.8% | 25.7% | ||
| Q2 24 | 10.4% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 4.5% | ||
| Q3 25 | 9.0% | 0.6% | ||
| Q2 25 | 4.3% | 1.6% | ||
| Q1 25 | 4.8% | 2.0% | ||
| Q4 24 | 2.7% | 13.7% | ||
| Q3 24 | 3.3% | 2.4% | ||
| Q2 24 | 2.9% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.11× | 4.50× | ||
| Q3 25 | 1.96× | 1.23× | ||
| Q2 25 | 0.92× | 1.20× | ||
| Q1 25 | -0.04× | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | 2.50× | 1.36× | ||
| Q2 24 | 1.73× | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
