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Lifeway Foods, Inc.（LWAY）与TreeHouse Foods, Inc.（THS）财务数据对比。点击上方公司名可切换其他公司
TreeHouse Foods, Inc.的季度营收约是Lifeway Foods, Inc.的15.2倍（$840.3M vs $55.4M）。Lifeway Foods, Inc.净利率更高（4.6% vs -31.6%，领先36.2%）。Lifeway Foods, Inc.同比增速更快（18.0% vs 0.1%）。过去两年Lifeway Foods, Inc.的营收复合增速更高（11.4% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
LWAY vs THS — 直观对比
营收规模更大
THS
是对方的15.2倍
$55.4M
营收增速更快
LWAY
高出17.8%
0.1%
净利率更高
LWAY
高出36.2%
-31.6%
两年增速更快
LWAY
近两年复合增速
-3.9%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $55.4M | $840.3M |
| 净利润 | $2.5M | $-265.8M |
| 毛利率 | 27.8% | 18.8% |
| 营业利润率 | 6.8% | -30.2% |
| 净利率 | 4.6% | -31.6% |
| 营收同比 | 18.0% | 0.1% |
| 净利润同比 | 1688.1% | -7717.6% |
| 每股收益（稀释后） | $0.15 | $-5.26 |
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LWAYTHS
| Q4 25 | $55.4M | — | ||
| Q3 25 | $57.1M | $840.3M | ||
| Q2 25 | $53.9M | $798.0M | ||
| Q1 25 | $46.1M | $792.0M | ||
| Q4 24 | $46.9M | $905.7M | ||
| Q3 24 | $46.1M | $839.1M | ||
| Q2 24 | $49.2M | $788.5M | ||
| Q1 24 | $44.6M | $820.7M |
净利润LWAYTHS
| Q4 25 | $2.5M | — | ||
| Q3 25 | $3.5M | $-265.8M | ||
| Q2 25 | $4.2M | $-2.9M | ||
| Q1 25 | $3.5M | $-31.8M | ||
| Q4 24 | $-160.0K | $58.7M | ||
| Q3 24 | $3.0M | $-3.4M | ||
| Q2 24 | $3.8M | $-16.7M | ||
| Q1 24 | $2.4M | $-11.7M |
毛利率LWAYTHS
| Q4 25 | 27.8% | — | ||
| Q3 25 | 28.7% | 18.8% | ||
| Q2 25 | 28.6% | 17.4% | ||
| Q1 25 | 23.9% | 14.5% | ||
| Q4 24 | 25.3% | 19.5% | ||
| Q3 24 | 25.7% | 15.6% | ||
| Q2 24 | 27.0% | 16.3% | ||
| Q1 24 | 25.8% | 13.6% |
营业利润率LWAYTHS
| Q4 25 | 6.8% | — | ||
| Q3 25 | 8.8% | -30.2% | ||
| Q2 25 | 10.8% | 3.4% | ||
| Q1 25 | 3.4% | -0.7% | ||
| Q4 24 | 1.5% | 8.9% | ||
| Q3 24 | 9.1% | 3.8% | ||
| Q2 24 | 11.0% | -0.5% | ||
| Q1 24 | 8.0% | -0.6% |
净利率LWAYTHS
| Q4 25 | 4.6% | — | ||
| Q3 25 | 6.2% | -31.6% | ||
| Q2 25 | 7.9% | -0.4% | ||
| Q1 25 | 7.7% | -4.0% | ||
| Q4 24 | -0.3% | 6.5% | ||
| Q3 24 | 6.5% | -0.4% | ||
| Q2 24 | 7.7% | -2.1% | ||
| Q1 24 | 5.4% | -1.4% |
每股收益（稀释后）LWAYTHS
| Q4 25 | $0.15 | — | ||
| Q3 25 | $0.23 | $-5.26 | ||
| Q2 25 | $0.28 | $-0.06 | ||
| Q1 25 | $0.23 | $-0.63 | ||
| Q4 24 | $0.00 | $1.12 | ||
| Q3 24 | $0.19 | $-0.07 | ||
| Q2 24 | $0.25 | $-0.32 | ||
| Q1 24 | $0.16 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $85.8M | $1.3B |
| 总资产 | $105.6M | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资LWAYTHS
| Q4 25 | $5.6M | — | ||
| Q3 25 | $23.0M | $21.0M | ||
| Q2 25 | $21.2M | $17.1M | ||
| Q1 25 | $19.4M | $16.4M | ||
| Q4 24 | $16.7M | $289.6M | ||
| Q3 24 | $20.6M | $102.0M | ||
| Q2 24 | $14.6M | $105.8M | ||
| Q1 24 | $12.0M | $191.8M |
总债务LWAYTHS
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $2.5M | $1.4B |
股东权益LWAYTHS
| Q4 25 | $85.8M | — | ||
| Q3 25 | $82.8M | $1.3B | ||
| Q2 25 | $78.7M | $1.5B | ||
| Q1 25 | $74.2M | $1.5B | ||
| Q4 24 | $71.9M | $1.5B | ||
| Q3 24 | $71.5M | $1.6B | ||
| Q2 24 | $68.0M | $1.6B | ||
| Q1 24 | $63.5M | $1.6B |
总资产LWAYTHS
| Q4 25 | $105.6M | — | ||
| Q3 25 | $109.5M | $3.8B | ||
| Q2 25 | $98.3M | $4.0B | ||
| Q1 25 | $93.7M | $3.9B | ||
| Q4 24 | $90.5M | $4.0B | ||
| Q3 24 | $91.3M | $4.0B | ||
| Q2 24 | $84.9M | $3.9B | ||
| Q1 24 | $82.8M | $4.0B |
负债/权益比LWAYTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | 0.04× | 0.87× |
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 | $38.2M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | — |
| 自由现金流率自由现金流/营收 | -31.5% | — |
| 资本支出强度资本支出/营收 | 31.9% | — |
| 现金转化率经营现金流/净利润 | 0.11× | — |
| 过去12个月自由现金流最近4个季度 | $-16.4M | — |
8季度趋势，按日历期对齐
经营现金流LWAYTHS
| Q4 25 | $267.0K | — | ||
| Q3 25 | $6.9M | $38.2M | ||
| Q2 25 | $3.9M | $-47.2M | ||
| Q1 25 | $-150.0K | $-53.5M | ||
| Q4 24 | $-2.6M | $296.2M | ||
| Q3 24 | $7.5M | $41.4M | ||
| Q2 24 | $6.5M | $-19.4M | ||
| Q1 24 | $1.5M | $-52.4M |
自由现金流LWAYTHS
| Q4 25 | $-17.4M | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $-2.4M | — | ||
| Q4 24 | $-3.8M | — | ||
| Q3 24 | $5.9M | — | ||
| Q2 24 | $5.1M | $-42.2M | ||
| Q1 24 | $-923.0K | $-80.7M |
自由现金流率LWAYTHS
| Q4 25 | -31.5% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -5.1% | — | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 10.4% | -5.4% | ||
| Q1 24 | -2.1% | -9.8% |
资本支出强度LWAYTHS
| Q4 25 | 31.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.9% | 2.9% | ||
| Q1 24 | 5.5% | 3.4% |
现金转化率LWAYTHS
| Q4 25 | 0.11× | — | ||
| Q3 25 | 1.96× | — | ||
| Q2 25 | 0.92× | — | ||
| Q1 25 | -0.04× | — | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | 2.50× | — | ||
| Q2 24 | 1.73× | — | ||
| 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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
