vs
Lifeway Foods, Inc.（LWAY）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是Lifeway Foods, Inc.的1.3倍（$71.1M vs $55.4M），Lifeway Foods, Inc.净利率更高（4.6% vs 2.0%，领先2.6%），Lifeway Foods, Inc.同比增速更快（18.0% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-17.4M），过去两年Lifeway Foods, Inc.的营收复合增速更高（11.4% vs -4.7%）
来福威食品公司是一家总部位于美国伊利诺伊州的健康食品企业，成立于1986年，是美国业内领先的开菲尔发酵益生菌产品供应商，这类产品主要用于调节人体微生物群平衡。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
LWAY vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.3倍
$55.4M
营收增速更快
LWAY
高出19.8%
-1.8%
净利率更高
LWAY
高出2.6%
2.0%
自由现金流更多
RMAX
多$50.9M
$-17.4M
两年增速更快
LWAY
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.4M | $71.1M |
| 净利润 | $2.5M | $1.4M |
| 毛利率 | 27.8% | — |
| 营业利润率 | 6.8% | 13.1% |
| 净利率 | 4.6% | 2.0% |
| 营收同比 | 18.0% | -1.8% |
| 净利润同比 | 1688.1% | -75.2% |
| 每股收益（稀释后） | $0.15 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LWAYRMAX
| Q4 25 | $55.4M | $71.1M | ||
| Q3 25 | $57.1M | $73.2M | ||
| Q2 25 | $53.9M | $72.8M | ||
| Q1 25 | $46.1M | $74.5M | ||
| Q4 24 | $46.9M | $72.5M | ||
| Q3 24 | $46.1M | $78.5M | ||
| Q2 24 | $49.2M | $78.5M | ||
| Q1 24 | $44.6M | $78.3M |
净利润LWAYRMAX
| Q4 25 | $2.5M | $1.4M | ||
| Q3 25 | $3.5M | $4.0M | ||
| Q2 25 | $4.2M | $4.7M | ||
| Q1 25 | $3.5M | $-2.0M | ||
| Q4 24 | $-160.0K | $5.8M | ||
| Q3 24 | $3.0M | $966.0K | ||
| Q2 24 | $3.8M | $3.7M | ||
| Q1 24 | $2.4M | $-3.4M |
毛利率LWAYRMAX
| 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% | — |
营业利润率LWAYRMAX
| Q4 25 | 6.8% | 13.1% | ||
| Q3 25 | 8.8% | 25.0% | ||
| Q2 25 | 10.8% | 19.3% | ||
| Q1 25 | 3.4% | 7.2% | ||
| Q4 24 | 1.5% | 5.9% | ||
| Q3 24 | 9.1% | 19.4% | ||
| Q2 24 | 11.0% | 20.6% | ||
| Q1 24 | 8.0% | 5.8% |
净利率LWAYRMAX
| Q4 25 | 4.6% | 2.0% | ||
| Q3 25 | 6.2% | 5.4% | ||
| Q2 25 | 7.9% | 6.4% | ||
| Q1 25 | 7.7% | -2.6% | ||
| Q4 24 | -0.3% | 8.0% | ||
| Q3 24 | 6.5% | 1.2% | ||
| Q2 24 | 7.7% | 4.7% | ||
| Q1 24 | 5.4% | -4.3% |
每股收益（稀释后）LWAYRMAX
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.23 | — | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.23 | — | ||
| Q4 24 | $0.00 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.16 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $5.6M | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | $85.8M | $452.4M |
| 总资产 | $105.6M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资LWAYRMAX
| Q4 25 | $5.6M | $118.7M | ||
| Q3 25 | $23.0M | $107.5M | ||
| Q2 25 | $21.2M | $94.3M | ||
| Q1 25 | $19.4M | $89.1M | ||
| Q4 24 | $16.7M | $96.6M | ||
| Q3 24 | $20.6M | $83.8M | ||
| Q2 24 | $14.6M | $66.1M | ||
| Q1 24 | $12.0M | $82.1M |
总债务LWAYRMAX
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | $2.5M | $439.0M |
股东权益LWAYRMAX
| Q4 25 | $85.8M | $452.4M | ||
| Q3 25 | $82.8M | $448.1M | ||
| Q2 25 | $78.7M | $442.4M | ||
| Q1 25 | $74.2M | $433.5M | ||
| Q4 24 | $71.9M | $429.5M | ||
| Q3 24 | $71.5M | $423.1M | ||
| Q2 24 | $68.0M | $418.4M | ||
| Q1 24 | $63.5M | $412.0M |
总资产LWAYRMAX
| Q4 25 | $105.6M | $582.5M | ||
| Q3 25 | $109.5M | $582.2M | ||
| Q2 25 | $98.3M | $574.8M | ||
| Q1 25 | $93.7M | $571.4M | ||
| Q4 24 | $90.5M | $581.6M | ||
| Q3 24 | $91.3M | $578.6M | ||
| Q2 24 | $84.9M | $571.4M | ||
| Q1 24 | $82.8M | $566.7M |
负债/权益比LWAYRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | 0.04× | 1.07× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $267.0K | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | $33.5M |
| 自由现金流率自由现金流/营收 | -31.5% | 47.1% |
| 资本支出强度资本支出/营收 | 31.9% | 10.4% |
| 现金转化率经营现金流/净利润 | 0.11× | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-16.4M | $56.8M |
8季度趋势，按日历期对齐
经营现金流LWAYRMAX
| Q4 25 | $267.0K | $40.9M | ||
| Q3 25 | $6.9M | $17.7M | ||
| Q2 25 | $3.9M | $4.6M | ||
| Q1 25 | $-150.0K | $5.7M | ||
| Q4 24 | $-2.6M | $59.7M | ||
| Q3 24 | $7.5M | $17.6M | ||
| Q2 24 | $6.5M | $15.9M | ||
| Q1 24 | $1.5M | $9.4M |
自由现金流LWAYRMAX
| Q4 25 | $-17.4M | $33.5M | ||
| Q3 25 | $1.8M | $16.4M | ||
| Q2 25 | $1.6M | $2.9M | ||
| Q1 25 | $-2.4M | $4.0M | ||
| Q4 24 | $-3.8M | $53.0M | ||
| Q3 24 | $5.9M | $16.3M | ||
| Q2 24 | $5.1M | $14.0M | ||
| Q1 24 | $-923.0K | $6.8M |
自由现金流率LWAYRMAX
| Q4 25 | -31.5% | 47.1% | ||
| Q3 25 | 3.1% | 22.4% | ||
| Q2 25 | 3.0% | 4.0% | ||
| Q1 25 | -5.1% | 5.3% | ||
| Q4 24 | -8.2% | 73.2% | ||
| Q3 24 | 12.8% | 20.8% | ||
| Q2 24 | 10.4% | 17.8% | ||
| Q1 24 | -2.1% | 8.6% |
资本支出强度LWAYRMAX
| Q4 25 | 31.9% | 10.4% | ||
| Q3 25 | 9.0% | 1.8% | ||
| Q2 25 | 4.3% | 2.2% | ||
| Q1 25 | 4.8% | 2.3% | ||
| Q4 24 | 2.7% | 9.1% | ||
| Q3 24 | 3.3% | 1.7% | ||
| Q2 24 | 2.9% | 2.4% | ||
| Q1 24 | 5.5% | 3.3% |
现金转化率LWAYRMAX
| Q4 25 | 0.11× | 28.39× | ||
| Q3 25 | 1.96× | 4.45× | ||
| Q2 25 | 0.92× | 0.97× | ||
| Q1 25 | -0.04× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 2.50× | 18.22× | ||
| Q2 24 | 1.73× | 4.29× | ||
| Q1 24 | 0.64× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
