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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $55.4M, roughly 1.5× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — 4.6% vs -29.7%, a 34.3% gap on every dollar of revenue. Twin Hospitality Group Inc. produced more free cash flow last quarter ($-7.4M vs $-17.4M).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
LWAY vs TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $82.3M |
| Net Profit | $2.5M | $-24.5M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | -16.2% |
| Net Margin | 4.6% | -29.7% |
| Revenue YoY | 18.0% | — |
| Net Profit YoY | 1688.1% | — |
| EPS (diluted) | $0.15 | $-0.43 |
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 | — | ||
| Q3 25 | $57.1M | $82.3M | ||
| Q2 25 | $53.9M | $87.8M | ||
| Q1 25 | $46.1M | $87.1M | ||
| Q4 24 | $46.9M | — | ||
| Q3 24 | $46.1M | — | ||
| Q2 24 | $49.2M | — | ||
| Q1 24 | $44.6M | — |
| Q4 25 | $2.5M | — | ||
| Q3 25 | $3.5M | $-24.5M | ||
| Q2 25 | $4.2M | $-20.8M | ||
| Q1 25 | $3.5M | $-12.1M | ||
| Q4 24 | $-160.0K | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $3.8M | — | ||
| Q1 24 | $2.4M | — |
| 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% | — | ||
| Q3 25 | 8.8% | -16.2% | ||
| Q2 25 | 10.8% | -13.2% | ||
| Q1 25 | 3.4% | -1.2% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 8.0% | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 6.2% | -29.7% | ||
| Q2 25 | 7.9% | -23.7% | ||
| Q1 25 | 7.7% | -13.9% | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.23 | $-0.43 | ||
| Q2 25 | $0.28 | $-0.38 | ||
| Q1 25 | $0.23 | $-0.26 | ||
| Q4 24 | $0.00 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.16 | — |
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 | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $85.8M | $-92.1M |
| Total Assets | $105.6M | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $2.5M | — |
| Q4 25 | $85.8M | — | ||
| Q3 25 | $82.8M | $-92.1M | ||
| Q2 25 | $78.7M | $-78.6M | ||
| Q1 25 | $74.2M | $-101.9M | ||
| Q4 24 | $71.9M | — | ||
| Q3 24 | $71.5M | — | ||
| Q2 24 | $68.0M | — | ||
| Q1 24 | $63.5M | — |
| Q4 25 | $105.6M | — | ||
| Q3 25 | $109.5M | $516.8M | ||
| Q2 25 | $98.3M | $535.1M | ||
| Q1 25 | $93.7M | $544.2M | ||
| Q4 24 | $90.5M | — | ||
| Q3 24 | $91.3M | — | ||
| Q2 24 | $84.9M | — | ||
| Q1 24 | $82.8M | — |
| 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 | $-5.9M |
| Free Cash FlowOCF − Capex | $-17.4M | $-7.4M |
| FCF MarginFCF / Revenue | -31.5% | -9.0% |
| Capex IntensityCapex / Revenue | 31.9% | 1.9% |
| Cash ConversionOCF / Net Profit | 0.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0K | — | ||
| Q3 25 | $6.9M | $-5.9M | ||
| Q2 25 | $3.9M | $-8.8M | ||
| Q1 25 | $-150.0K | $-5.7M | ||
| Q4 24 | $-2.6M | — | ||
| Q3 24 | $7.5M | — | ||
| Q2 24 | $6.5M | — | ||
| Q1 24 | $1.5M | — |
| Q4 25 | $-17.4M | — | ||
| Q3 25 | $1.8M | $-7.4M | ||
| Q2 25 | $1.6M | $-10.6M | ||
| Q1 25 | $-2.4M | $-9.7M | ||
| Q4 24 | $-3.8M | — | ||
| Q3 24 | $5.9M | — | ||
| Q2 24 | $5.1M | — | ||
| Q1 24 | $-923.0K | — |
| Q4 25 | -31.5% | — | ||
| Q3 25 | 3.1% | -9.0% | ||
| Q2 25 | 3.0% | -12.1% | ||
| Q1 25 | -5.1% | -11.2% | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 10.4% | — | ||
| Q1 24 | -2.1% | — |
| Q4 25 | 31.9% | — | ||
| Q3 25 | 9.0% | 1.9% | ||
| Q2 25 | 4.3% | 2.1% | ||
| Q1 25 | 4.8% | 4.6% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 5.5% | — |
| 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% |
TWNP
Segment breakdown not available.
