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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.

Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $35.3M, roughly 1.6× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs 4.6%, a 39.3% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 18.0%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $-17.4M). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

LWAY vs UNTY — Head-to-Head

Bigger by revenue
LWAY
LWAY
1.6× larger
LWAY
$55.4M
$35.3M
UNTY
Growing faster (revenue YoY)
UNTY
UNTY
+6.2% gap
UNTY
24.2%
18.0%
LWAY
Higher net margin
UNTY
UNTY
39.3% more per $
UNTY
43.9%
4.6%
LWAY
More free cash flow
UNTY
UNTY
$61.8M more FCF
UNTY
$44.3M
$-17.4M
LWAY
Faster 2-yr revenue CAGR
UNTY
UNTY
Annualised
UNTY
17.5%
11.4%
LWAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LWAY
LWAY
UNTY
UNTY
Revenue
$55.4M
$35.3M
Net Profit
$2.5M
$15.5M
Gross Margin
27.8%
Operating Margin
6.8%
55.8%
Net Margin
4.6%
43.9%
Revenue YoY
18.0%
24.2%
Net Profit YoY
1688.1%
34.5%
EPS (diluted)
$0.15
$1.52

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
UNTY
UNTY
Q4 25
$55.4M
$35.3M
Q3 25
$57.1M
$32.8M
Q2 25
$53.9M
$34.4M
Q1 25
$46.1M
$29.4M
Q4 24
$46.9M
$28.4M
Q3 24
$46.1M
$27.7M
Q2 24
$49.2M
$25.5M
Q1 24
$44.6M
$25.6M
Net Profit
LWAY
LWAY
UNTY
UNTY
Q4 25
$2.5M
$15.5M
Q3 25
$3.5M
$14.4M
Q2 25
$4.2M
$16.5M
Q1 25
$3.5M
$11.6M
Q4 24
$-160.0K
$11.5M
Q3 24
$3.0M
$10.9M
Q2 24
$3.8M
$9.5M
Q1 24
$2.4M
$9.6M
Gross Margin
LWAY
LWAY
UNTY
UNTY
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
UNTY
UNTY
Q4 25
6.8%
55.8%
Q3 25
8.8%
57.5%
Q2 25
10.8%
62.6%
Q1 25
3.4%
52.6%
Q4 24
1.5%
51.0%
Q3 24
9.1%
52.7%
Q2 24
11.0%
49.3%
Q1 24
8.0%
50.0%
Net Margin
LWAY
LWAY
UNTY
UNTY
Q4 25
4.6%
43.9%
Q3 25
6.2%
43.8%
Q2 25
7.9%
48.0%
Q1 25
7.7%
39.5%
Q4 24
-0.3%
40.5%
Q3 24
6.5%
39.4%
Q2 24
7.7%
37.1%
Q1 24
5.4%
37.5%
EPS (diluted)
LWAY
LWAY
UNTY
UNTY
Q4 25
$0.15
$1.52
Q3 25
$0.23
$1.41
Q2 25
$0.28
$1.61
Q1 25
$0.23
$1.13
Q4 24
$0.00
$1.13
Q3 24
$0.19
$1.07
Q2 24
$0.25
$0.92
Q1 24
$0.16
$0.94

Balance Sheet & Financial Strength

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

Metric
LWAY
LWAY
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$85.8M
$345.6M
Total Assets
$105.6M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LWAY
LWAY
UNTY
UNTY
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
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$230.8M
Q3 24
Q2 24
Q1 24
$2.5M
Stockholders' Equity
LWAY
LWAY
UNTY
UNTY
Q4 25
$85.8M
$345.6M
Q3 25
$82.8M
$334.0M
Q2 25
$78.7M
$319.8M
Q1 25
$74.2M
$306.1M
Q4 24
$71.9M
$295.6M
Q3 24
$71.5M
$284.3M
Q2 24
$68.0M
$273.4M
Q1 24
$63.5M
$266.8M
Total Assets
LWAY
LWAY
UNTY
UNTY
Q4 25
$105.6M
$3.0B
Q3 25
$109.5M
$2.9B
Q2 25
$98.3M
$2.9B
Q1 25
$93.7M
$2.8B
Q4 24
$90.5M
$2.7B
Q3 24
$91.3M
$2.6B
Q2 24
$84.9M
$2.6B
Q1 24
$82.8M
$2.6B
Debt / Equity
LWAY
LWAY
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.78×
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
LWAY
LWAY
UNTY
UNTY
Operating Cash FlowLast quarter
$267.0K
$44.9M
Free Cash FlowOCF − Capex
$-17.4M
$44.3M
FCF MarginFCF / Revenue
-31.5%
125.7%
Capex IntensityCapex / Revenue
31.9%
1.6%
Cash ConversionOCF / Net Profit
0.11×
2.90×
TTM Free Cash FlowTrailing 4 quarters
$-16.4M
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LWAY
LWAY
UNTY
UNTY
Q4 25
$267.0K
$44.9M
Q3 25
$6.9M
$45.5M
Q2 25
$3.9M
$-25.3M
Q1 25
$-150.0K
$17.9M
Q4 24
$-2.6M
$48.0M
Q3 24
$7.5M
$17.7M
Q2 24
$6.5M
$-8.4M
Q1 24
$1.5M
$15.8M
Free Cash Flow
LWAY
LWAY
UNTY
UNTY
Q4 25
$-17.4M
$44.3M
Q3 25
$1.8M
$45.3M
Q2 25
$1.6M
$-25.5M
Q1 25
$-2.4M
$17.6M
Q4 24
$-3.8M
$47.3M
Q3 24
$5.9M
$17.5M
Q2 24
$5.1M
$-8.6M
Q1 24
$-923.0K
$15.7M
FCF Margin
LWAY
LWAY
UNTY
UNTY
Q4 25
-31.5%
125.7%
Q3 25
3.1%
138.1%
Q2 25
3.0%
-74.2%
Q1 25
-5.1%
59.9%
Q4 24
-8.2%
166.5%
Q3 24
12.8%
63.3%
Q2 24
10.4%
-33.7%
Q1 24
-2.1%
61.4%
Capex Intensity
LWAY
LWAY
UNTY
UNTY
Q4 25
31.9%
1.6%
Q3 25
9.0%
0.7%
Q2 25
4.3%
0.5%
Q1 25
4.8%
1.0%
Q4 24
2.7%
2.4%
Q3 24
3.3%
0.5%
Q2 24
2.9%
0.5%
Q1 24
5.5%
0.3%
Cash Conversion
LWAY
LWAY
UNTY
UNTY
Q4 25
0.11×
2.90×
Q3 25
1.96×
3.16×
Q2 25
0.92×
-1.54×
Q1 25
-0.04×
1.54×
Q4 24
4.17×
Q3 24
2.50×
1.62×
Q2 24
1.73×
-0.89×
Q1 24
0.64×
1.64×

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%

UNTY
UNTY

Segment breakdown not available.

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