vs
Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Lifeway Foods, Inc. is the larger business by last-quarter revenue ($55.4M vs $51.6M, roughly 1.1× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 4.6%, a 62.7% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 18.0%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-17.4M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% 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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
LWAY vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $51.6M |
| Net Profit | $2.5M | $34.8M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | 97.0% |
| Net Margin | 4.6% | 67.3% |
| Revenue YoY | 18.0% | 32.8% |
| Net Profit YoY | 1688.1% | 67.0% |
| EPS (diluted) | $0.15 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $57.1M | $49.1M | ||
| Q2 25 | $53.9M | $47.6M | ||
| Q1 25 | $46.1M | $37.5M | ||
| Q4 24 | $46.9M | $38.9M | ||
| Q3 24 | $46.1M | $35.1M | ||
| Q2 24 | $49.2M | $32.4M | ||
| Q1 24 | $44.6M | $29.5M |
| Q4 25 | $2.5M | $34.8M | ||
| Q3 25 | $3.5M | $25.4M | ||
| Q2 25 | $4.2M | $26.0M | ||
| Q1 25 | $3.5M | $18.9M | ||
| Q4 24 | $-160.0K | $20.8M | ||
| Q3 24 | $3.0M | $15.8M | ||
| Q2 24 | $3.8M | $14.8M | ||
| Q1 24 | $2.4M | $17.3M |
| 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% | 97.0% | ||
| Q3 25 | 8.8% | 72.1% | ||
| Q2 25 | 10.8% | 71.3% | ||
| Q1 25 | 3.4% | 71.7% | ||
| Q4 24 | 1.5% | 82.5% | ||
| Q3 24 | 9.1% | 60.6% | ||
| Q2 24 | 11.0% | 61.3% | ||
| Q1 24 | 8.0% | 78.8% |
| Q4 25 | 4.6% | 67.3% | ||
| Q3 25 | 6.2% | 51.7% | ||
| Q2 25 | 7.9% | 54.6% | ||
| Q1 25 | 7.7% | 50.4% | ||
| Q4 24 | -0.3% | 53.5% | ||
| Q3 24 | 6.5% | 45.1% | ||
| Q2 24 | 7.7% | 45.6% | ||
| Q1 24 | 5.4% | 58.5% |
| Q4 25 | $0.15 | $0.90 | ||
| Q3 25 | $0.23 | $0.65 | ||
| Q2 25 | $0.28 | $0.69 | ||
| Q1 25 | $0.23 | $0.51 | ||
| Q4 24 | $0.00 | $0.56 | ||
| Q3 24 | $0.19 | $0.44 | ||
| Q2 24 | $0.25 | $0.42 | ||
| Q1 24 | $0.16 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $85.8M | $672.5M |
| Total Assets | $105.6M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $92.1M | ||
| Q3 25 | $23.0M | $99.0M | ||
| Q2 25 | $21.2M | $79.6M | ||
| Q1 25 | $19.4M | $51.7M | ||
| Q4 24 | $16.7M | $49.9M | ||
| Q3 24 | $20.6M | $44.1M | ||
| Q2 24 | $14.6M | $47.4M | ||
| Q1 24 | $12.0M | $34.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $2.5M | — |
| Q4 25 | $85.8M | $672.5M | ||
| Q3 25 | $82.8M | $634.3M | ||
| Q2 25 | $78.7M | $597.9M | ||
| Q1 25 | $74.2M | $563.2M | ||
| Q4 24 | $71.9M | $516.9M | ||
| Q3 24 | $71.5M | $484.6M | ||
| Q2 24 | $68.0M | $471.3M | ||
| Q1 24 | $63.5M | $452.9M |
| Q4 25 | $105.6M | $7.4B | ||
| Q3 25 | $109.5M | $7.0B | ||
| Q2 25 | $98.3M | $6.5B | ||
| Q1 25 | $93.7M | $6.0B | ||
| Q4 24 | $90.5M | $5.5B | ||
| Q3 24 | $91.3M | $5.2B | ||
| Q2 24 | $84.9M | $4.9B | ||
| Q1 24 | $82.8M | $4.6B |
| 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 | $18.2M |
| Free Cash FlowOCF − Capex | $-17.4M | $17.9M |
| FCF MarginFCF / Revenue | -31.5% | 34.6% |
| Capex IntensityCapex / Revenue | 31.9% | 0.5% |
| Cash ConversionOCF / Net Profit | 0.11× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0K | $18.2M | ||
| Q3 25 | $6.9M | $11.5M | ||
| Q2 25 | $3.9M | $7.7M | ||
| Q1 25 | $-150.0K | $3.5M | ||
| Q4 24 | $-2.6M | $37.8M | ||
| Q3 24 | $7.5M | $-17.6M | ||
| Q2 24 | $6.5M | $11.5M | ||
| Q1 24 | $1.5M | $10.6M |
| Q4 25 | $-17.4M | $17.9M | ||
| Q3 25 | $1.8M | $11.4M | ||
| Q2 25 | $1.6M | $7.6M | ||
| Q1 25 | $-2.4M | $3.5M | ||
| Q4 24 | $-3.8M | $37.5M | ||
| Q3 24 | $5.9M | $-17.6M | ||
| Q2 24 | $5.1M | $11.4M | ||
| Q1 24 | $-923.0K | $10.5M |
| Q4 25 | -31.5% | 34.6% | ||
| Q3 25 | 3.1% | 23.2% | ||
| Q2 25 | 3.0% | 15.9% | ||
| Q1 25 | -5.1% | 9.2% | ||
| Q4 24 | -8.2% | 96.4% | ||
| Q3 24 | 12.8% | -50.3% | ||
| Q2 24 | 10.4% | 35.1% | ||
| Q1 24 | -2.1% | 35.8% |
| Q4 25 | 31.9% | 0.5% | ||
| Q3 25 | 9.0% | 0.1% | ||
| Q2 25 | 4.3% | 0.2% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | 2.7% | 0.7% | ||
| Q3 24 | 3.3% | 0.2% | ||
| Q2 24 | 2.9% | 0.3% | ||
| Q1 24 | 5.5% | 0.1% |
| Q4 25 | 0.11× | 0.52× | ||
| Q3 25 | 1.96× | 0.45× | ||
| Q2 25 | 0.92× | 0.29× | ||
| Q1 25 | -0.04× | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 2.50× | -1.11× | ||
| Q2 24 | 1.73× | 0.78× | ||
| Q1 24 | 0.64× | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
