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Lifeway Foods

LWAY

Lifeway Foods is the leading producer and marketer of kefir in the United States, specializing in probiotic-based dairy products and 'better-for-you' foods.

Market cap
$472.36M+23.8%
Revenue$229.4M+21.9%
Net income$15.0M+45.6%
Free cash flow-$22.3M-389%
EPS (diluted)$0.96+43.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (in a month)
Revenue estimate$61.4M
EPS estimate$0.27

Financials

Q1 2026

Income statement

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Revenue$63.0M+36.7%
Gross profit$17.4M+57.2%
Operating income$6.3M+302%
Net income$4.7M+32.0%
EPS (diluted)$0.30+30.4%

Balance sheet

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Cash & equivalents$5.6M-71.2%
Total debt$627.0K+475%
Total equity$90.3M+21.8%
Total assets$120.5M+28.7%

Cash flow

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Operating cash flow$4.4M+3,019%
CapEx$11.0M+398%
Free cash flow-$6.7M-181%

Valuation & ratios

Valuation

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Market cap$472.36M+23.8%
Enterprise value$467.39M+30.5%
P/E31.5×-3.7×
P/S2.1×+0.1×

Profitability

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Gross margin28.1%+2.6pp
Operating margin9.1%+2.8pp
Net margin6.5%+1.1pp
FCF margin-9.7%

Returns & leverage

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Return on equity18.2%+3.3pp
Debt / equity0.0×
Current ratio2.1×-0.8×

Segments

By product

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Net Sales$63.0M+36.7%
Drinkable Kefirotherthan Pro Bugs$55.1M+44.8%
Cheese$4.7M+22.9%
Cream And Other$2.0M-16.7%
Drinkable Yogurt$584.0K-7.9%

Competitors

Profile

Lifeway Foods is the leading producer and marketer of kefir in the United States, specializing in probiotic-based dairy products and 'better-for-you' foods. The company manufactures and distributes a diverse portfolio of cultured dairy products, including drinkable kefir, specialty cheeses, and yogurts, aimed at health-conscious consumers. Its core value proposition centers on providing high-protein, calcium-rich probiotic products through a vertically integrated manufacturing and distribution network.

Competitive position

Lifeway is the dominant market leader in the U.S. kefir category, maintaining a significant competitive advantage through brand recognition and specialized manufacturing facilities.

GeographiesUnited States, Ireland, Mexico, France, Middle East
Customer segmentsRetailers, Distributors, Foodservice Operators
Business modelManufacturing, Wholesale, Direct-to-Store Delivery
SuppliersRaw Milk Suppliers, Culture and Ingredient Suppliers, Packaging Material Manufacturers, Utility Providers
CustomersRetail Grocery Chains, Wholesale Distributors, Specialty Food Stores, Club Stores, Foodservice Operators
Listed1989
Employees289.0
CEOJulie Smolyansky
FilingsSEC EDGAR

Questions, answered.

What is Lifeway Foods's market cap?
Lifeway Foods (LWAY) has a market capitalization of $472.4M and trades on NASDAQ.
What is Lifeway Foods's revenue and profitability?
Lifeway Foods generated $229.4M in trailing twelve-month revenue with net income of $15.0M, representing a net margin of 6.5%. Gross margin stands at 28.1%, with free cash flow of -$22.3M. These figures are based on the Q1 2026 filing.
Who are Lifeway Foods's competitors?
Lifeway Foods's key competitors include General Mills, Barfresh Food Group Inc. Common Stock, Edible Garden AG Incorporated Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Lifeway Foods have?
Lifeway Foods's subsidiaries include GlenOaks Farms, Fresh Made.
Where is Lifeway Foods headquartered?
Lifeway Foods is headquartered in United States of America and employs approximately 289 people. It has been publicly traded since 1989.