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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and FIRST FINANCIAL CORP (THFF). Click either name above to swap in a different company.

FIRST FINANCIAL CORP is the larger business by last-quarter revenue ($70.5M vs $55.4M, roughly 1.3× Lifeway Foods, Inc.). FIRST FINANCIAL CORP runs the higher net margin — 30.4% vs 4.6%, a 25.8% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 14.1%). FIRST FINANCIAL CORP produced more free cash flow last quarter ($86.4M vs $-17.4M). Over the past eight quarters, FIRST FINANCIAL CORP's revenue compounded faster (20.8% 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.

First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.

LWAY vs THFF — Head-to-Head

Bigger by revenue
THFF
THFF
1.3× larger
THFF
$70.5M
$55.4M
LWAY
Growing faster (revenue YoY)
LWAY
LWAY
+3.8% gap
LWAY
18.0%
14.1%
THFF
Higher net margin
THFF
THFF
25.8% more per $
THFF
30.4%
4.6%
LWAY
More free cash flow
THFF
THFF
$103.8M more FCF
THFF
$86.4M
$-17.4M
LWAY
Faster 2-yr revenue CAGR
THFF
THFF
Annualised
THFF
20.8%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LWAY
LWAY
THFF
THFF
Revenue
$55.4M
$70.5M
Net Profit
$2.5M
$21.5M
Gross Margin
27.8%
Operating Margin
6.8%
37.4%
Net Margin
4.6%
30.4%
Revenue YoY
18.0%
14.1%
Net Profit YoY
1688.1%
32.1%
EPS (diluted)
$0.15
$1.81

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.

Revenue
LWAY
LWAY
THFF
THFF
Q4 25
$55.4M
$70.5M
Q3 25
$57.1M
$65.8M
Q2 25
$53.9M
$63.1M
Q1 25
$46.1M
$62.5M
Q4 24
$46.9M
$61.8M
Q3 24
$46.1M
$58.4M
Q2 24
$49.2M
$49.2M
Q1 24
$44.6M
$48.4M
Net Profit
LWAY
LWAY
THFF
THFF
Q4 25
$2.5M
$21.5M
Q3 25
$3.5M
$20.8M
Q2 25
$4.2M
$18.6M
Q1 25
$3.5M
$18.4M
Q4 24
$-160.0K
$16.2M
Q3 24
$3.0M
$8.7M
Q2 24
$3.8M
$11.4M
Q1 24
$2.4M
$10.9M
Gross Margin
LWAY
LWAY
THFF
THFF
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%
Operating Margin
LWAY
LWAY
THFF
THFF
Q4 25
6.8%
37.4%
Q3 25
8.8%
39.2%
Q2 25
10.8%
36.2%
Q1 25
3.4%
38.1%
Q4 24
1.5%
32.4%
Q3 24
9.1%
17.9%
Q2 24
11.0%
27.6%
Q1 24
8.0%
27.2%
Net Margin
LWAY
LWAY
THFF
THFF
Q4 25
4.6%
30.4%
Q3 25
6.2%
31.6%
Q2 25
7.9%
29.5%
Q1 25
7.7%
29.5%
Q4 24
-0.3%
26.3%
Q3 24
6.5%
15.0%
Q2 24
7.7%
23.1%
Q1 24
5.4%
22.6%
EPS (diluted)
LWAY
LWAY
THFF
THFF
Q4 25
$0.15
$1.81
Q3 25
$0.23
$1.75
Q2 25
$0.28
$1.57
Q1 25
$0.23
$1.55
Q4 24
$0.00
$1.37
Q3 24
$0.19
$0.74
Q2 24
$0.25
$0.96
Q1 24
$0.16
$0.93

Balance Sheet & Financial Strength

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

Metric
LWAY
LWAY
THFF
THFF
Cash + ST InvestmentsLiquidity on hand
$5.6M
Total DebtLower is stronger
$188.2M
Stockholders' EquityBook value
$85.8M
$650.9M
Total Assets
$105.6M
$5.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWAY
LWAY
THFF
THFF
Q4 25
$5.6M
Q3 25
$23.0M
Q2 25
$21.2M
Q1 25
$19.4M
Q4 24
$16.7M
Q3 24
$20.6M
Q2 24
$14.6M
Q1 24
$12.0M
Total Debt
LWAY
LWAY
THFF
THFF
Q4 25
$188.2M
Q3 25
$170.5M
Q2 25
$122.7M
Q1 25
$124.9M
Q4 24
$28.1M
Q3 24
$30.5M
Q2 24
$108.6M
Q1 24
$2.5M
$58.6M
Stockholders' Equity
LWAY
LWAY
THFF
THFF
Q4 25
$85.8M
$650.9M
Q3 25
$82.8M
$622.2M
Q2 25
$78.7M
$587.7M
Q1 25
$74.2M
$571.9M
Q4 24
$71.9M
$549.0M
Q3 24
$71.5M
$566.0M
Q2 24
$68.0M
$530.7M
Q1 24
$63.5M
$520.8M
Total Assets
LWAY
LWAY
THFF
THFF
Q4 25
$105.6M
$5.8B
Q3 25
$109.5M
$5.7B
Q2 25
$98.3M
$5.6B
Q1 25
$93.7M
$5.5B
Q4 24
$90.5M
$5.6B
Q3 24
$91.3M
$5.5B
Q2 24
$84.9M
$4.9B
Q1 24
$82.8M
$4.9B
Debt / Equity
LWAY
LWAY
THFF
THFF
Q4 25
0.29×
Q3 25
0.27×
Q2 25
0.21×
Q1 25
0.22×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.20×
Q1 24
0.04×
0.11×

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
THFF
THFF
Operating Cash FlowLast quarter
$267.0K
$90.4M
Free Cash FlowOCF − Capex
$-17.4M
$86.4M
FCF MarginFCF / Revenue
-31.5%
122.5%
Capex IntensityCapex / Revenue
31.9%
5.6%
Cash ConversionOCF / Net Profit
0.11×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-16.4M
$144.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LWAY
LWAY
THFF
THFF
Q4 25
$267.0K
$90.4M
Q3 25
$6.9M
$26.9M
Q2 25
$3.9M
$12.7M
Q1 25
$-150.0K
$21.1M
Q4 24
$-2.6M
$60.4M
Q3 24
$7.5M
$23.3M
Q2 24
$6.5M
$8.8M
Q1 24
$1.5M
$12.4M
Free Cash Flow
LWAY
LWAY
THFF
THFF
Q4 25
$-17.4M
$86.4M
Q3 25
$1.8M
$25.8M
Q2 25
$1.6M
$11.6M
Q1 25
$-2.4M
$20.5M
Q4 24
$-3.8M
$54.3M
Q3 24
$5.9M
$19.5M
Q2 24
$5.1M
$8.4M
Q1 24
$-923.0K
$11.5M
FCF Margin
LWAY
LWAY
THFF
THFF
Q4 25
-31.5%
122.5%
Q3 25
3.1%
39.2%
Q2 25
3.0%
18.4%
Q1 25
-5.1%
32.8%
Q4 24
-8.2%
87.8%
Q3 24
12.8%
33.5%
Q2 24
10.4%
17.2%
Q1 24
-2.1%
23.7%
Capex Intensity
LWAY
LWAY
THFF
THFF
Q4 25
31.9%
5.6%
Q3 25
9.0%
1.7%
Q2 25
4.3%
1.8%
Q1 25
4.8%
0.9%
Q4 24
2.7%
9.9%
Q3 24
3.3%
6.5%
Q2 24
2.9%
0.7%
Q1 24
5.5%
2.0%
Cash Conversion
LWAY
LWAY
THFF
THFF
Q4 25
0.11×
4.21×
Q3 25
1.96×
1.29×
Q2 25
0.92×
0.68×
Q1 25
-0.04×
1.14×
Q4 24
3.72×
Q3 24
2.50×
2.67×
Q2 24
1.73×
0.77×
Q1 24
0.64×
1.14×

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%

THFF
THFF

Segment breakdown not available.

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