Lifeway Foods, Inc.(LWAY)Earnings, Financials & Key Ratios

LWAY•NASDAQ

$29.32

32.9× P/E·Price updated Jul 7, 2026

SectorConsumer Defensive IndustryPackaged Foods Sub-IndustryNutrition and functional foods

AboutLifeway Foods, Inc. produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types, including low fat, non-fat, whole milk, protein, and BioKefir. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; cupped kefir and Icelandic Skyr, a line of strained kefir and yogurt products; and frozen kefir in soft serve and pint-size containers. It sells its products under the Lifeway and Fresh Made brand names, as well as under private labels on behalf of customers primarily through direct sales force, brokers, and distributors. The company was founded in 1986 and is based in Morton Grove, Illinois.Show more

Revenue$212M+13.7%
EBITDA$20M+16.9%
Net Income$14M+53.6%
EPS (Diluted)0.89+50.8%
Gross Margin27.39%+5.4%
EBITDA Margin9.48%+2.8%
Operating Margin7.61%+2.6%
Net Margin6.52%+35.0%
ROE17.57%+28.9%

LWAY Price & Volume

Lifeway Foods, Inc. (LWAY) stock price & volume — 10-year historical chart

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Accelerating Revenue Growth Faces Capital Intensity Headwinds

Investment Thesis • Updated 2026Q1

VerdictNeutral

Growth:Accelerating

Profitability:Moderate

Financial:Healthy

Cash Flow:Mixed

Primary Risk:Commodity cost volatility exposure

Key Thesis Takeaways

Lifeway Foods is currently experiencing a significant growth inflection, evidenced by a 36.7% year-over-year revenue surge in 2026Q1, though this top-line momentum is tempered by rising capital expenditure requirements.
While the company has successfully expanded its equity base to $90.3 million through retained earnings, the shift toward an asset-heavy manufacturing model may constrain future liquidity.
Investors should monitor whether the company can translate its recent market share gains into consistent operating leverage, given that operating margins remain modest at 10.0%.

Verdict Logic

while the 36.7% revenue growth in 2026Q1 is compelling, the lack of consistent cash conversion and the spike in capital intensity to 17.5% of revenue warrant a cautious wait-and-see approach.

LWAY Growth Metrics

Lifeway Foods, Inc. (LWAY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.01%

5 Years15.81%

3 Years14.5%

TTM21.85%

Profit CAGR

10 Years21.53%

5 Years33.8%

3 Years146.62%

TTM47.87%

EPS CAGR

10 Years22.19%

5 Years33.49%

3 Years147.36%

TTM42.82%

Return on Capital

10 Years9.12%

5 Years16.34%

3 Years22.41%

Last Year19.72%

LWAY Recent Earnings

Lifeway Foods, Inc. (LWAY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 6/12 qtrs (50%)●Beat Revenue 8/12 qtrs (67%)

Q2 2026Latest

May 14, 2026

Metric

Actual

Est

EPS

$0.30+0.0%

$0.30

Rev

$63M+3.6%

$61M

Q2 2026

Mar 17, 2026

Metric

Actual

Est

EPS

$0.16-44.8%

$0.29

Rev

$55M+0.7%

$55M

Q4 2025

Nov 12, 2025

Metric

Actual

Est

EPS

$0.23-17.9%

$0.28

Rev

$57M+3.9%

$55M

Q3 2025

Aug 12, 2025

Metric

Actual

Est

EPS

$0.28+55.6%

$0.18

Rev

$54M-2.0%

$55M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 14, 2026	$0.30vs $0.30+0.0%	$63Mvs $61M+3.6%
Q2 2026	Mar 17, 2026	$0.16vs $0.29-44.8%	$55Mvs $55M+0.7%
Q4 2025	Nov 12, 2025	$0.23vs $0.28-17.9%	$57Mvs $55M+3.9%
Q3 2025	Aug 12, 2025	$0.28vs $0.18+55.6%	$54Mvs $55M-2.0%

Based on last 12 quarters of dataView full earnings history →

Latest LWAY News

Recent stock market news and headlines for Lifeway Foods, Inc. (LWAY)

PRNewsWire·Jun 15, 2026

Lifeway® Foods Celebrates 40 Years and National Kefir Day with Coast-to-Coast Events and Lifeway Kefir Shop Pop-Up in SoHo

An immersive pop-up experience invites guests to discover the delicious possibilities of Lifeway Kefir through custom smoothies, exclusive merchandise and special surprises An exclusive first look at The Lifeway Kefir Shop will feature soccer star Rose Lavelle, music by AMRIT, plus a live performance by Cannons MORTON GROVE, Ill., June 15, 2026 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), the leading U.S. supplier of kefir and a pioneer in fermented probiotic foods, today announced a series of nationwide events and the opening of The Lifeway Kefir Shop, an immersive pop-up experience in SoHo, New York City, in celebration of the Company's 40th anniversary and National Kefir Day.

Peers Comparison

Key metrics vs top competitors for Lifeway Foods, Inc. (LWAY)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
LWAYLifeway Foods, Inc.Current	$29.32	$447.99M	32.94	13.74%	6.52%	17.57%	—
JJSFJ&J Snack Foods Corp.	$76.93	$1.46B	22.90	0.54%	3.75%	6.24%	—
NWFLNorwood Financial Corp.	$31.60	$291.69M	10.43	34.22%	19.06%	10.43%	—
SMPLThe Simply Good Foods Company	$13.17	$1.19B	12.91	8.98%	-7.46%	-6.15%	—
FRPTFreshpet, Inc.	$54.51	$2.68B	20.65	13.01%	17.63%	16.98%	—
HAINThe Hain Celestial Group, Inc.	$0.59	$53.66M	-0.10	-10.17%	-35.47%	-140.7%	—

Compare LWAY vs Peers

Lifeway Foods, Inc. (LWAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs JJSF

Most directly comparable listed peer for LWAY.

Scale Benchmark

vs WMT

Larger-name benchmark to compare LWAY against a more recognizable public peer.

Peer Set

Compare Top 5

vs JJSF, NWFL, SMPL, FRPT

LWAY SEC Filings & Documents

Lifeway Foods, Inc. (LWAY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 14, 2026·SEC

Material company update

May 14, 2026·SEC

Material company update

Apr 1, 2026·SEC

10-K Annual Reports

FY 2026

Mar 17, 2026·SEC

FY 2025

Mar 14, 2025·SEC

10-Q Quarterly Reports

FY 2026

May 14, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 12, 2025·SEC

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LWAY Frequently Asked Questions

Lifeway Foods, Inc. (LWAY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Lifeway Foods, Inc.'s revenue?

Lifeway Foods, Inc. (LWAY) reported $229.4M in revenue for fiscal year 2025. This represents a 4229% increase from $5.3M in 1996.

How fast is Lifeway Foods, Inc. growing?

Lifeway Foods, Inc. (LWAY) grew revenue by 13.7% over the past year. This is steady growth.

Is LWAY profitable?

Yes, Lifeway Foods, Inc. (LWAY) is profitable, generating $15.0M in net income for fiscal year 2025 (6.5% net margin).

Dividend & Returns

What is LWAY's return on equity?

Lifeway Foods, Inc. (LWAY) has a return on equity (ROE) of 17.6%. This is reasonable for most industries.

What is Lifeway Foods, Inc.'s free cash flow?

Lifeway Foods, Inc. (LWAY) had negative free cash flow of $20.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in LWAY back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 14, 2026

$0.30vs $0.30+0.0%

$63Mvs $61M+3.6%

Q2 2026

Mar 17, 2026

$0.16vs $0.29-44.8%

$55Mvs $55M+0.7%

Q4 2025

Nov 12, 2025

$0.23vs $0.28-17.9%

$57Mvs $55M+3.9%

Q3 2025

Aug 12, 2025

$0.28vs $0.18+55.6%

$54Mvs $55M-2.0%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

LWAYLifeway Foods, Inc.Current

$29.32

$447.99M

32.94

13.74%

6.52%

17.57%

—

JJSFJ&J Snack Foods Corp.

$76.93

$1.46B

22.90

0.54%

3.75%

6.24%

—

NWFLNorwood Financial Corp.

$31.60

$291.69M

10.43

34.22%

19.06%

10.43%

—

SMPLThe Simply Good Foods Company

$13.17

$1.19B

12.91

8.98%

-7.46%

-6.15%

—

FRPTFreshpet, Inc.

$54.51

$2.68B

20.65

13.01%

17.63%

16.98%

—

HAINThe Hain Celestial Group, Inc.

$0.59

$53.66M

-0.10

-10.17%

-35.47%

-140.7%

—