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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $36.5M, roughly 1.5× SmartRent, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -8.9%, a 13.5% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
LWAY vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $36.5M |
| Net Profit | $2.5M | $-3.2M |
| Gross Margin | 27.8% | 38.6% |
| Operating Margin | 6.8% | -10.9% |
| Net Margin | 4.6% | -8.9% |
| Revenue YoY | 18.0% | 3.1% |
| Net Profit YoY | 1688.1% | 71.6% |
| EPS (diluted) | $0.15 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $57.1M | $36.2M | ||
| Q2 25 | $53.9M | $38.3M | ||
| Q1 25 | $46.1M | $41.3M | ||
| Q4 24 | $46.9M | $35.4M | ||
| Q3 24 | $46.1M | $40.5M | ||
| Q2 24 | $49.2M | $48.5M | ||
| Q1 24 | $44.6M | $50.5M |
| Q4 25 | $2.5M | $-3.2M | ||
| Q3 25 | $3.5M | $-6.3M | ||
| Q2 25 | $4.2M | $-10.9M | ||
| Q1 25 | $3.5M | $-40.2M | ||
| Q4 24 | $-160.0K | $-11.4M | ||
| Q3 24 | $3.0M | $-9.9M | ||
| Q2 24 | $3.8M | $-4.6M | ||
| Q1 24 | $2.4M | $-7.7M |
| Q4 25 | 27.8% | 38.6% | ||
| Q3 25 | 28.7% | 26.4% | ||
| Q2 25 | 28.6% | 33.1% | ||
| Q1 25 | 23.9% | 32.8% | ||
| Q4 24 | 25.3% | 28.7% | ||
| Q3 24 | 25.7% | 33.2% | ||
| Q2 24 | 27.0% | 35.7% | ||
| Q1 24 | 25.8% | 38.5% |
| Q4 25 | 6.8% | -10.9% | ||
| Q3 25 | 8.8% | -19.4% | ||
| Q2 25 | 10.8% | -30.5% | ||
| Q1 25 | 3.4% | -99.9% | ||
| Q4 24 | 1.5% | -36.6% | ||
| Q3 24 | 9.1% | -29.0% | ||
| Q2 24 | 11.0% | -14.3% | ||
| Q1 24 | 8.0% | -20.1% |
| Q4 25 | 4.6% | -8.9% | ||
| Q3 25 | 6.2% | -17.3% | ||
| Q2 25 | 7.9% | -28.3% | ||
| Q1 25 | 7.7% | -97.2% | ||
| Q4 24 | -0.3% | -32.3% | ||
| Q3 24 | 6.5% | -24.5% | ||
| Q2 24 | 7.7% | -9.5% | ||
| Q1 24 | 5.4% | -15.2% |
| Q4 25 | $0.15 | $-0.02 | ||
| Q3 25 | $0.23 | $-0.03 | ||
| Q2 25 | $0.28 | $-0.06 | ||
| Q1 25 | $0.23 | $-0.21 | ||
| Q4 24 | $0.00 | $-0.06 | ||
| Q3 24 | $0.19 | $-0.05 | ||
| Q2 24 | $0.25 | $-0.02 | ||
| Q1 24 | $0.16 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $85.8M | $232.1M |
| Total Assets | $105.6M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $104.5M | ||
| Q3 25 | $23.0M | $100.0M | ||
| Q2 25 | $21.2M | $105.0M | ||
| Q1 25 | $19.4M | $125.6M | ||
| Q4 24 | $16.7M | $142.5M | ||
| Q3 24 | $20.6M | $163.4M | ||
| Q2 24 | $14.6M | $187.4M | ||
| Q1 24 | $12.0M | $204.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $2.5M | — |
| Q4 25 | $85.8M | $232.1M | ||
| Q3 25 | $82.8M | $234.4M | ||
| Q2 25 | $78.7M | $238.8M | ||
| Q1 25 | $74.2M | $250.7M | ||
| Q4 24 | $71.9M | $289.4M | ||
| Q3 24 | $71.5M | $305.1M | ||
| Q2 24 | $68.0M | $329.4M | ||
| Q1 24 | $63.5M | $333.1M |
| Q4 25 | $105.6M | $320.9M | ||
| Q3 25 | $109.5M | $335.8M | ||
| Q2 25 | $98.3M | $354.0M | ||
| Q1 25 | $93.7M | $366.1M | ||
| Q4 24 | $90.5M | $420.2M | ||
| Q3 24 | $91.3M | $448.6M | ||
| Q2 24 | $84.9M | $475.3M | ||
| Q1 24 | $82.8M | $485.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $267.0K | $7.7M |
| Free Cash FlowOCF − Capex | $-17.4M | $7.7M |
| FCF MarginFCF / Revenue | -31.5% | 21.0% |
| Capex IntensityCapex / Revenue | 31.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0K | $7.7M | ||
| Q3 25 | $6.9M | $-2.1M | ||
| Q2 25 | $3.9M | $-14.9M | ||
| Q1 25 | $-150.0K | $-12.2M | ||
| Q4 24 | $-2.6M | $-12.0M | ||
| Q3 24 | $7.5M | $-3.7M | ||
| Q2 24 | $6.5M | $-13.9M | ||
| Q1 24 | $1.5M | $-3.3M |
| Q4 25 | $-17.4M | $7.7M | ||
| Q3 25 | $1.8M | $-2.2M | ||
| Q2 25 | $1.6M | $-16.2M | ||
| Q1 25 | $-2.4M | $-14.3M | ||
| Q4 24 | $-3.8M | $-13.3M | ||
| Q3 24 | $5.9M | $-3.9M | ||
| Q2 24 | $5.1M | $-14.1M | ||
| Q1 24 | $-923.0K | $-3.4M |
| Q4 25 | -31.5% | 21.0% | ||
| Q3 25 | 3.1% | -6.1% | ||
| Q2 25 | 3.0% | -42.3% | ||
| Q1 25 | -5.1% | -34.7% | ||
| Q4 24 | -8.2% | -37.5% | ||
| Q3 24 | 12.8% | -9.7% | ||
| Q2 24 | 10.4% | -29.1% | ||
| Q1 24 | -2.1% | -6.7% |
| Q4 25 | 31.9% | 0.0% | ||
| Q3 25 | 9.0% | 0.2% | ||
| Q2 25 | 4.3% | 3.3% | ||
| Q1 25 | 4.8% | 5.3% | ||
| Q4 24 | 2.7% | 3.5% | ||
| Q3 24 | 3.3% | 0.6% | ||
| Q2 24 | 2.9% | 0.5% | ||
| Q1 24 | 5.5% | 0.1% |
| 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
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
