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Side-by-side financial comparison of Lifeway Foods, Inc. (LWAY) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.
WASHINGTON TRUST BANCORP INC is the larger business by last-quarter revenue ($57.8M vs $55.4M, roughly 1.0× Lifeway Foods, Inc.). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs 4.6%, a 17.2% gap on every dollar of revenue. Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR vs 9.5%).
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.
U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...
LWAY vs WASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $55.4M | $57.8M |
| Net Profit | $2.5M | $12.6M |
| Gross Margin | 27.8% | — |
| Operating Margin | 6.8% | — |
| Net Margin | 4.6% | 21.8% |
| Revenue YoY | 18.0% | — |
| Net Profit YoY | 1688.1% | 3.5% |
| EPS (diluted) | $0.15 | $0.66 |
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.
| Q1 26 | — | $57.8M | ||
| Q4 25 | $55.4M | $59.3M | ||
| Q3 25 | $57.1M | $56.5M | ||
| Q2 25 | $53.9M | $54.3M | ||
| Q1 25 | $46.1M | $59.1M | ||
| Q4 24 | $46.9M | $12.4M | ||
| Q3 24 | $46.1M | $48.5M | ||
| Q2 24 | $49.2M | $48.2M |
| Q1 26 | — | $12.6M | ||
| Q4 25 | $2.5M | $16.0M | ||
| Q3 25 | $3.5M | $10.8M | ||
| Q2 25 | $4.2M | $13.2M | ||
| Q1 25 | $3.5M | $12.2M | ||
| Q4 24 | $-160.0K | $-60.8M | ||
| Q3 24 | $3.0M | $11.0M | ||
| Q2 24 | $3.8M | $10.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 6.8% | 34.9% | ||
| Q3 25 | 8.8% | 24.7% | ||
| Q2 25 | 10.8% | 31.6% | ||
| Q1 25 | 3.4% | 26.5% | ||
| Q4 24 | 1.5% | -648.7% | ||
| Q3 24 | 9.1% | 28.5% | ||
| Q2 24 | 11.0% | 28.7% |
| Q1 26 | — | 21.8% | ||
| Q4 25 | 4.6% | 27.0% | ||
| Q3 25 | 6.2% | 19.2% | ||
| Q2 25 | 7.9% | 24.4% | ||
| Q1 25 | 7.7% | 20.6% | ||
| Q4 24 | -0.3% | -491.4% | ||
| Q3 24 | 6.5% | 22.6% | ||
| Q2 24 | 7.7% | 22.4% |
| Q1 26 | — | $0.66 | ||
| Q4 25 | $0.15 | $0.84 | ||
| Q3 25 | $0.23 | $0.56 | ||
| Q2 25 | $0.28 | $0.68 | ||
| Q1 25 | $0.23 | $0.63 | ||
| Q4 24 | $0.00 | $-3.54 | ||
| Q3 24 | $0.19 | $0.64 | ||
| Q2 24 | $0.25 | $0.63 |
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 | $12.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $85.8M | $546.8M |
| Total Assets | $105.6M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3M | ||
| 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 26 | — | $546.8M | ||
| Q4 25 | $85.8M | $543.6M | ||
| Q3 25 | $82.8M | $533.0M | ||
| Q2 25 | $78.7M | $527.5M | ||
| Q1 25 | $74.2M | $521.7M | ||
| Q4 24 | $71.9M | $499.7M | ||
| Q3 24 | $71.5M | $502.2M | ||
| Q2 24 | $68.0M | $471.0M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $105.6M | $6.6B | ||
| Q3 25 | $109.5M | $6.7B | ||
| Q2 25 | $98.3M | $6.7B | ||
| Q1 25 | $93.7M | $6.6B | ||
| Q4 24 | $90.5M | $6.9B | ||
| Q3 24 | $91.3M | $7.1B | ||
| Q2 24 | $84.9M | $7.2B |
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 | — |
| Free Cash FlowOCF − Capex | $-17.4M | — |
| FCF MarginFCF / Revenue | -31.5% | — |
| Capex IntensityCapex / Revenue | 31.9% | — |
| Cash ConversionOCF / Net Profit | 0.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $267.0K | $80.3M | ||
| Q3 25 | $6.9M | $39.6M | ||
| Q2 25 | $3.9M | $11.3M | ||
| Q1 25 | $-150.0K | $8.4M | ||
| Q4 24 | $-2.6M | $57.7M | ||
| Q3 24 | $7.5M | $25.7M | ||
| Q2 24 | $6.5M | $11.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-17.4M | $78.3M | ||
| Q3 25 | $1.8M | $39.3M | ||
| Q2 25 | $1.6M | $10.9M | ||
| Q1 25 | $-2.4M | $8.4M | ||
| Q4 24 | $-3.8M | $53.7M | ||
| Q3 24 | $5.9M | $24.4M | ||
| Q2 24 | $5.1M | $9.6M |
| Q1 26 | — | — | ||
| Q4 25 | -31.5% | 132.2% | ||
| Q3 25 | 3.1% | 69.6% | ||
| Q2 25 | 3.0% | 20.2% | ||
| Q1 25 | -5.1% | 14.2% | ||
| Q4 24 | -8.2% | 433.8% | ||
| Q3 24 | 12.8% | 50.4% | ||
| Q2 24 | 10.4% | 19.8% |
| Q1 26 | — | — | ||
| Q4 25 | 31.9% | 3.4% | ||
| Q3 25 | 9.0% | 0.6% | ||
| Q2 25 | 4.3% | 0.7% | ||
| Q1 25 | 4.8% | 0.1% | ||
| Q4 24 | 2.7% | 32.3% | ||
| Q3 24 | 3.3% | 2.6% | ||
| Q2 24 | 2.9% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.11× | 5.03× | ||
| Q3 25 | 1.96× | 3.65× | ||
| Q2 25 | 0.92× | 0.86× | ||
| Q1 25 | -0.04× | 0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.50× | 2.34× | ||
| Q2 24 | 1.73× | 1.03× |
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% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
