Lifeway Foods (LWAY) Financials

$22.40 +0.10 (+0.45%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$22.42 +0.02 (+0.07%)

As of 05/23/2025 04:01 PM Eastern

Annual Income Statements for Lifeway Foods

This table shows Lifeway Foods' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	9.03	11	0.92
Consolidated Net Income / (Loss)	9.03	11	0.92
Net Income / (Loss) Continuing Operations	9.03	11	0.92
Total Pre-Tax Income	14	17	1.84
Total Operating Income	14	17	2.35
Total Gross Profit	49	42	27
Total Revenue	187	160	142
Operating Revenue	187	160	142
Total Cost of Revenue	138	118	115
Operating Cost of Revenue	138	118	115
Total Operating Expenses	35	25	24
Selling, General & Admin Expense	34	25	24
Amortization Expense	0.54	0.54	0.54
Total Other Income / (Expense), net	0.12	-0.35	-0.51
Interest Expense	0.11	0.38	0.27
Other Income / (Expense), net	0.22	0.04	-0.24
Income Tax Expense	4.94	5.28	0.92
Basic Earnings per Share	$0.61	$0.77	$0.06
Weighted Average Basic Shares Outstanding	14.77M	14.67M	15.40M
Diluted Earnings per Share	$0.60	$0.75	$0.06
Weighted Average Diluted Shares Outstanding	15.13M	15.10M	15.72M
Weighted Average Basic & Diluted Shares Outstanding	15.20M	14.69M	14.64M

This table shows Lifeway Foods' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-0.16	2.98	3.78	2.43	3.97	3.41	3.16	0.83	0.72	0.98
Consolidated Net Income / (Loss)	-0.16	2.98	3.78	2.43	3.97	3.41	3.16	0.83	0.72	0.98
Net Income / (Loss) Continuing Operations	-0.16	2.98	3.78	2.43	3.97	3.41	3.16	0.83	0.72	0.98
Total Pre-Tax Income	0.78	4.33	5.36	3.51	5.70	4.93	4.69	1.34	1.64	1.11
Total Operating Income	0.71	4.19	5.39	3.56	5.75	5.04	4.77	1.44	1.96	1.20
Total Gross Profit	12	12	13	12	12	11	11	8.23	7.92	7.59
Total Revenue	47	46	49	45	42	41	39	38	36	38
Operating Revenue	47	46	49	45	42	41	39	38	36	38
Total Cost of Revenue	35	34	36	33	30	30	28	30	28	31
Operating Cost of Revenue	35	34	36	33	30	30	28	30	28	31
Total Operating Expenses	11	7.68	7.89	7.97	6.04	6.10	6.51	6.79	5.96	6.39
Selling, General & Admin Expense	11	7.54	7.75	7.84	5.90	5.97	6.38	6.65	5.82	6.26
Amortization Expense	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Total Other Income / (Expense), net	0.06	0.14	-0.03	-0.06	-0.06	-0.11	-0.08	-0.10	-0.33	-0.08
Interest Expense	0.00	0.00	0.05	0.05	0.06	0.11	0.11	0.10	0.10	0.08
Other Income / (Expense), net	0.07	0.14	0.02	-0.01	0.01	-0.00	0.03	0.01	-0.23	-0.01
Income Tax Expense	0.94	1.35	1.58	1.08	1.73	1.52	1.53	0.51	0.92	0.13
Basic Earnings per Share	($0.02)	$0.20	$0.26	$0.17	$0.26	$0.23	$0.22	$0.06	$0.05	$0.06
Weighted Average Basic Shares Outstanding	14.77M	14.80M	14.73M	14.69M	14.67M	14.68M	14.65M	14.65M	15.40M	15.49M
Weighted Average Diluted Shares Outstanding	15.13M	15.27M	15.20M	15.22M	15.10M	15.10M	15.08M	15.03M	15.72M	15.85M
Weighted Average Basic & Diluted Shares Outstanding	15.20M	14.82M	14.79M	14.71M	14.69M	14.69M	14.67M	14.66M	14.64M	15.50M

This table details how cash moves in and out of Lifeway Foods' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	3.53	8.75	-4.79
Net Cash From Operating Activities	13	17	3.99
Net Cash From Continuing Operating Activities	13	17	3.99
Net Income / (Loss) Continuing Operations	9.03	11	0.92
Consolidated Net Income / (Loss)	9.03	11	0.92
Depreciation Expense	3.39	3.16	2.97
Non-Cash Adjustments To Reconcile Net Income	2.47	1.47	1.36
Changes in Operating Assets and Liabilities, net	-1.92	0.94	-1.27
Net Cash From Investing Activities	-6.68	-4.41	-4.03
Net Cash From Continuing Investing Activities	-6.68	-4.41	-4.03
Purchase of Property, Plant & Equipment	-6.70	-4.35	-3.45
Purchase of Investments	0.00	-0.10	0.00
Sale of Property, Plant & Equipment	0.02	0.04	0.00
Net Cash From Financing Activities	-2.75	-3.78	-4.75
Net Cash From Continuing Financing Activities	-2.75	-3.78	-4.75
Repayment of Debt	-2.75	-3.78	-0.75
Cash Interest Paid	0.10	0.42	0.25
Cash Income Taxes Paid	5.99	4.79	1.12

This table details how cash moves in and out of Lifeway Foods' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-3.83	5.93	2.61	-1.17	0.57	5.18	2.24	0.77	-4.49	2.44
Net Cash From Operating Activities	-2.58	7.45	6.54	1.55	4.80	6.69	2.43	3.03	0.35	4.17
Net Cash From Continuing Operating Activities	-2.58	7.45	6.54	1.55	4.80	6.69	2.43	3.03	0.35	4.17
Net Income / (Loss) Continuing Operations	-0.16	2.98	3.78	2.43	3.97	3.41	3.16	0.83	0.72	0.98
Consolidated Net Income / (Loss)	-0.16	2.98	3.78	2.43	3.97	3.41	3.16	0.83	0.72	0.98
Depreciation Expense	0.90	0.86	0.84	0.80	0.80	0.79	0.79	0.78	0.73	0.73
Non-Cash Adjustments To Reconcile Net Income	0.56	0.60	0.64	0.68	0.42	0.43	0.28	0.35	0.60	0.21
Changes in Operating Assets and Liabilities, net	-3.88	3.02	1.28	-2.35	-0.40	2.06	-1.80	1.07	-1.70	2.25
Net Cash From Investing Activities	-1.25	-1.53	-1.44	-2.47	-1.20	-1.26	-0.19	-1.76	-0.84	-1.48
Net Cash From Continuing Investing Activities	-1.25	-1.53	-1.44	-2.47	-1.20	-1.26	-0.19	-1.76	-0.84	-1.48
Purchase of Property, Plant & Equipment	-1.25	-1.54	-1.44	-2.47	-1.21	-1.16	-0.23	-1.76	-0.84	-0.90
Sale of Property, Plant & Equipment	0.00	0.01	-	-	0.00	-	-	-	-	-
Cash Interest Paid	0.00	0.01	0.04	0.05	0.07	0.11	0.11	0.13	0.09	0.07
Cash Income Taxes Paid	1.13	1.55	1.38	1.93	1.52	2.30	0.93	0.05	0.48	-

This table presents Lifeway Foods' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	91	82	69
Total Current Assets	44	38	27
Cash & Equivalents	17	13	4.44
Accounts Receivable	15	14	11
Inventories, net	8.68	9.10	9.63
Prepaid Expenses	2.14	2.02	1.45
Current Deferred & Refundable Income Taxes	0.63	0.00	0.04
Plant, Property, & Equipment, net	27	23	21
Total Noncurrent Assets	20	21	21
Goodwill	12	12	12
Intangible Assets	6.36	6.90	7.44
Other Noncurrent Operating Assets	2.02	2.09	1.97
Total Liabilities & Shareholders' Equity	91	82	69
Total Liabilities	19	21	21
Total Current Liabilities	16	17	13
Short-Term Debt	0.00	1.25	1.25
Accounts Payable	10	9.98	7.98
Accrued Expenses	5.10	4.92	3.81
Current Deferred & Payable Income Tax Liabilities	0.00	0.47	0.00
Total Noncurrent Liabilities	3.13	4.60	8.39
Long-Term Debt	0.00	1.48	5.25
Noncurrent Deferred & Payable Income Tax Liabilities	3.06	3.00	3.03
Other Noncurrent Operating Liabilities	0.07	0.12	0.10
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	72	60	48
Total Preferred & Common Equity	72	60	48
Preferred Stock	0.00	0.00	0.00
Total Common Equity	72	60	48
Common Stock	11	11	10
Retained Earnings	75	66	54
Treasury Stock	-14	-17	-17

This table presents Lifeway Foods' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	91	85	83	80	72	71	74
Total Current Assets	45	39	38	37	30	28	32
Cash & Equivalents	21	15	12	13	7.45	5.21	8.93
Accounts Receivable	13	15	15	13	11	12	12
Inventories, net	8.44	8.45	8.13	9.32	9.67	9.29	9.19
Prepaid Expenses	1.89	1.49	1.99	1.62	1.21	1.07	1.37
Current Deferred & Refundable Income Taxes	0.38	0.18	0.38	0.26	0.00	0.00	0.65
Plant, Property, & Equipment, net	26	25	25	22	22	22	21
Total Noncurrent Assets	20	20	21	21	21	21	21
Goodwill	12	12	12	12	12	12	12
Intangible Assets	6.49	6.63	6.76	7.03	7.17	7.30	7.57
Other Noncurrent Operating Assets	2.04	2.05	2.07	2.10	1.94	1.95	1.94
Total Liabilities & Shareholders' Equity	91	85	83	80	72	71	74
Total Liabilities	20	17	19	24	20	22	23
Total Current Liabilities	17	14	15	16	12	14	14
Short-Term Debt	0.00	0.00	1.25	1.25	1.25	1.00	1.00
Accounts Payable	11	9.37	10	9.10	5.57	9.15	9.12
Accrued Expenses	5.59	4.49	3.60	5.56	4.29	3.23	4.38
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.50	1.02	0.42	0.00
Total Noncurrent Liabilities	3.08	3.09	4.34	7.67	7.86	8.12	8.78
Long-Term Debt	0.00	0.00	1.24	4.51	4.76	5.01	5.50
Noncurrent Deferred & Payable Income Tax Liabilities	3.00	3.00	3.00	3.03	3.03	3.03	3.20
Other Noncurrent Operating Liabilities	0.08	0.09	0.10	0.13	0.07	0.09	0.07
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	72	68	64	56	52	49	50
Total Preferred & Common Equity	72	68	64	56	52	49	50
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	72	68	64	56	52	49	50
Common Stock	12	12	12	11	11	10	9.78
Retained Earnings	75	72	68	62	58	55	54
Treasury Stock	-16	-16	-17	-17	-17	-17	-13

This table displays calculated financial ratios and metrics derived from Lifeway Foods' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	16.67%	13.11%	18.90%
EBITDA Growth	-13.54%	297.54%	-40.96%
EBIT Growth	-17.37%	708.02%	-63.22%
NOPAT Growth	-22.87%	884.19%	-65.99%
Net Income Growth	-20.60%	1,130.19%	-72.09%
EPS Growth	-20.00%	1,150.00%	-71.43%
Operating Cash Flow Growth	-23.49%	324.91%	-28.34%
Free Cash Flow Firm Growth	-66.81%	962.32%	34.12%
Invested Capital Growth	10.43%	0.69%	5.27%
Revenue Q/Q Growth	2.66%	4.07%	3.56%
EBITDA Q/Q Growth	-21.86%	25.46%	35.07%
EBIT Q/Q Growth	-26.14%	30.97%	169.57%
NOPAT Q/Q Growth	-31.97%	36.32%	633.02%
Net Income Q/Q Growth	-31.39%	40.09%	703.48%
EPS Q/Q Growth	-29.41%	36.36%	500.00%
Operating Cash Flow Q/Q Growth	-36.27%	35.61%	19.09%
Free Cash Flow Firm Q/Q Growth	-66.92%	50.73%	4.05%
Invested Capital Q/Q Growth	8.28%	1.76%	3.25%
Profitability Metrics	-	-	-
Gross Margin	26.00%	26.51%	18.92%
EBITDA Margin	9.35%	12.61%	3.59%
Operating Margin	7.41%	10.61%	1.66%
EBIT Margin	7.53%	10.64%	1.49%
Profit (Net Income) Margin	4.83%	7.10%	0.65%
Tax Burden Percent	64.61%	68.27%	50.19%
Interest Burden Percent	99.25%	97.75%	87.33%
Effective Tax Rate	35.39%	31.73%	49.81%
Return on Invested Capital (ROIC)	17.02%	23.30%	2.44%
ROIC Less NNEP Spread (ROIC-NNEP)	16.47%	28.92%	-686.66%
Return on Net Nonoperating Assets (RNNOA)	-3.38%	-2.25%	-0.53%
Return on Equity (ROE)	13.64%	21.05%	1.91%
Cash Return on Invested Capital (CROIC)	7.11%	22.61%	-2.70%
Operating Return on Assets (OROA)	16.35%	22.61%	3.01%
Return on Assets (ROA)	10.48%	15.09%	1.32%
Return on Common Equity (ROCE)	13.64%	21.05%	1.91%
Return on Equity Simple (ROE_SIMPLE)	12.55%	18.81%	1.94%
Net Operating Profit after Tax (NOPAT)	8.95	12	1.18
NOPAT Margin	4.79%	7.25%	0.83%
Net Nonoperating Expense Percent (NNEP)	0.56%	-5.62%	689.10%
Return On Investment Capital (ROIC_SIMPLE)	12.45%	18.37%	-
Cost of Revenue to Revenue	74.00%	73.49%	81.08%
SG&A Expenses to Revenue	18.30%	15.55%	16.88%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.59%	15.89%	17.26%
Earnings before Interest and Taxes (EBIT)	14	17	2.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	20	5.08
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	5.11	3.26	1.81
Price to Tangible Book Value (P/TBV)	6.82	4.71	3.03
Price to Revenue (P/Rev)	1.97	1.23	0.61
Price to Earnings (P/E)	40.71	17.33	93.07
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	2.46%	5.77%	1.07%
Enterprise Value to Invested Capital (EV/IC)	6.36	3.73	1.77
Enterprise Value to Revenue (EV/Rev)	1.88	1.17	0.62
Enterprise Value to EBITDA (EV/EBITDA)	20.09	9.24	17.33
Enterprise Value to EBIT (EV/EBIT)	24.92	10.95	41.77
Enterprise Value to NOPAT (EV/NOPAT)	39.19	16.08	74.69
Enterprise Value to Operating Cash Flow (EV/OCF)	27.06	11.01	22.09
Enterprise Value to Free Cash Flow (EV/FCFF)	93.84	16.56	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.05	0.14
Long-Term Debt to Equity	0.00	0.02	0.11
Financial Leverage	-0.21	-0.08	0.00
Leverage Ratio	1.30	1.39	1.45
Compound Leverage Factor	1.29	1.36	1.26
Debt to Total Capital	0.00%	4.33%	12.03%
Short-Term Debt to Total Capital	0.00%	1.98%	2.31%
Long-Term Debt to Total Capital	0.00%	2.35%	9.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	95.67%	87.97%
Debt to EBITDA	0.00	0.14	1.28
Net Debt to EBITDA	0.00	-0.52	0.41
Long-Term Debt to EBITDA	0.00	0.07	1.03
Debt to NOPAT	0.00	0.24	5.52
Net Debt to NOPAT	0.00	-0.90	1.75
Long-Term Debt to NOPAT	0.00	0.13	4.46
Altman Z-Score	15.94	9.67	5.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.81	2.30	2.07
Quick Ratio	2.07	1.63	1.22
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	3.74	11	-1.31
Operating Cash Flow to CapEx	193.98%	393.06%	115.60%
Free Cash Flow to Firm to Interest Expense	35.59	29.33	-4.89
Operating Cash Flow to Interest Expense	123.45	44.12	14.93
Operating Cash Flow Less CapEx to Interest Expense	59.81	32.89	2.02
Efficiency Ratios	-	-	-
Asset Turnover	2.17	2.13	2.02
Accounts Receivable Turnover	12.75	12.66	13.27
Inventory Turnover	15.55	12.56	12.81
Fixed Asset Turnover	7.53	7.33	6.90
Accounts Payable Turnover	13.57	13.11	15.73
Days Sales Outstanding (DSO)	28.62	28.82	27.52
Days Inventory Outstanding (DIO)	23.47	29.05	28.49
Days Payable Outstanding (DPO)	26.90	27.84	23.20
Cash Conversion Cycle (CCC)	25.20	30.03	32.80
Capital & Investment Metrics	-	-	-
Invested Capital	55	50	50
Invested Capital Turnover	3.55	3.22	2.93
Increase / (Decrease) in Invested Capital	5.21	0.34	2.49
Enterprise Value (EV)	351	187	88
Market Capitalization	367	197	86
Book Value per Share	$4.85	$4.11	$3.07
Tangible Book Value per Share	$3.63	$2.85	$1.83
Total Capital	72	63	54
Total Debt	0.00	2.73	6.50
Total Long-Term Debt	0.00	1.48	5.25
Net Debt	-17	-10	2.06
Capital Expenditures (CapEx)	6.68	4.31	3.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	11	9.63	11
Debt-free Net Working Capital (DFNWC)	28	23	15
Net Working Capital (NWC)	28	22	14
Net Nonoperating Expense (NNE)	-0.08	0.24	0.25
Net Nonoperating Obligations (NNO)	-17	-10	2.06
Total Depreciation and Amortization (D&A)	3.39	3.16	2.97
Debt-free, Cash-free Net Working Capital to Revenue	6.09%	6.02%	7.59%
Debt-free Net Working Capital to Revenue	15.04%	14.26%	10.73%
Net Working Capital to Revenue	15.04%	13.48%	9.84%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.61	$0.77	$0.06
Adjusted Weighted Average Basic Shares Outstanding	14.77M	14.67M	15.40M
Adjusted Diluted Earnings per Share	$0.60	$0.75	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	15.13M	15.10M	15.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.20M	14.69M	14.64M
Normalized Net Operating Profit after Tax (NOPAT)	8.95	12	1.18
Normalized NOPAT Margin	4.79%	7.25%	0.83%
Pre Tax Income Margin	7.48%	10.40%	1.30%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	134.04	44.36	7.90
NOPAT to Interest Expense	85.23	30.22	4.42
EBIT Less CapEx to Interest Expense	70.40	33.13	-5.02
NOPAT Less CapEx to Interest Expense	21.59	18.99	-8.50
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	432.58%

This table displays calculated financial ratios and metrics derived from Lifeway Foods' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.50%	12.71%	25.30%	17.76%	17.45%	7.23%	17.14%	11.16%	15.70%	29.06%
EBITDA Growth	-74.43%	-11.02%	11.86%	95.73%	166.25%	204.28%	481.86%	959.07%	115.10%	11.66%
EBIT Growth	-86.47%	-14.05%	12.77%	146.81%	232.70%	323.36%	1,922.78%	237.33%	327.41%	14.75%
NOPAT Growth	-103.67%	-17.38%	18.42%	176.50%	366.48%	230.50%	1,953.78%	221.40%	921.47%	112.09%
Net Income Growth	-104.03%	-12.78%	19.87%	192.29%	454.33%	247.10%	2,530.00%	192.74%	869.89%	104.79%
EPS Growth	0.00%	-17.39%	19.05%	166.67%	400.00%	283.33%	2,000.00%	200.00%	0.00%	100.00%
Operating Cash Flow Growth	-153.76%	11.39%	169.52%	-48.93%	1,278.45%	60.48%	1,940.34%	567.13%	219.59%	88.77%
Free Cash Flow Firm Growth	-246.14%	-58.22%	-36.12%	-54.29%	325.55%	624.70%	126.81%	77.40%	70.73%	89.38%
Invested Capital Growth	10.43%	3.79%	5.19%	8.99%	0.69%	2.16%	2.80%	4.61%	5.27%	3.27%
Revenue Q/Q Growth	1.82%	-6.23%	10.13%	6.04%	2.93%	4.25%	3.50%	5.76%	-6.04%	13.88%
EBITDA Q/Q Growth	-67.64%	-16.93%	43.33%	-33.64%	12.63%	4.43%	150.79%	-9.74%	28.72%	99.69%
EBIT Q/Q Growth	-82.01%	-19.90%	51.90%	-38.20%	14.31%	5.09%	232.45%	-16.70%	45.46%	402.11%
NOPAT Q/Q Growth	-105.10%	-24.21%	54.26%	-38.51%	14.90%	8.65%	260.17%	3.75%	-18.59%	575.15%
Net Income Q/Q Growth	-105.38%	-21.33%	55.94%	-38.88%	16.32%	8.11%	280.24%	15.92%	-27.16%	719.17%
EPS Q/Q Growth	0.00%	-24.00%	56.25%	-36.00%	8.70%	9.52%	250.00%	20.00%	-16.67%	500.00%
Operating Cash Flow Q/Q Growth	-134.61%	13.86%	323.29%	-67.77%	-28.29%	175.49%	-19.79%	769.83%	-91.65%	3,402.52%
Free Cash Flow Firm Q/Q Growth	-623.98%	-12.44%	158.66%	-154.30%	49.79%	33.88%	241.68%	20.62%	-248.45%	93.16%
Invested Capital Q/Q Growth	8.28%	-4.50%	-1.17%	8.05%	1.76%	-3.20%	2.40%	-0.18%	3.25%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.35%	25.74%	27.01%	25.84%	28.01%	27.25%	28.75%	21.70%	22.10%	19.90%
EBITDA Margin	3.58%	11.25%	12.70%	9.76%	15.59%	14.25%	14.22%	5.87%	6.88%	5.02%
Operating Margin	1.52%	9.09%	10.96%	7.98%	13.67%	12.32%	12.15%	3.79%	5.47%	3.13%
EBIT Margin	1.66%	9.39%	11.00%	7.97%	13.68%	12.32%	12.22%	3.80%	4.83%	3.12%
Profit (Net Income) Margin	-0.34%	6.46%	7.70%	5.44%	9.43%	8.34%	8.04%	2.19%	2.00%	2.58%
Tax Burden Percent	-20.62%	68.79%	70.59%	69.16%	69.67%	69.22%	67.36%	62.03%	43.79%	88.32%
Interest Burden Percent	99.61%	99.91%	99.13%	98.57%	98.92%	97.84%	97.73%	92.79%	94.45%	93.53%
Effective Tax Rate	120.62%	31.21%	29.41%	30.84%	30.33%	30.78%	32.64%	37.97%	56.21%	11.68%
Return on Invested Capital (ROIC)	-1.11%	22.74%	26.27%	17.80%	30.62%	27.01%	24.71%	7.06%	7.01%	8.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.02%	22.05%	26.51%	18.68%	31.54%	28.65%	33.92%	71.03%	-380.01%	10.93%
Return on Net Nonoperating Assets (RNNOA)	0.21%	-4.74%	-3.55%	-1.46%	-2.45%	-2.50%	-0.40%	-0.14%	-0.29%	-0.54%
Return on Equity (ROE)	-0.90%	17.99%	22.72%	16.34%	28.16%	24.51%	24.32%	6.92%	6.72%	7.45%
Cash Return on Invested Capital (CROIC)	7.11%	22.58%	21.38%	16.84%	22.61%	15.38%	9.36%	1.69%	-2.70%	-2.88%
Operating Return on Assets (OROA)	3.60%	19.95%	24.75%	17.35%	29.08%	24.65%	26.13%	7.81%	9.78%	5.92%
Return on Assets (ROA)	-0.74%	13.71%	17.32%	11.82%	20.04%	16.69%	17.20%	4.50%	4.04%	4.89%
Return on Common Equity (ROCE)	-0.90%	17.99%	22.72%	16.34%	28.16%	24.51%	24.32%	6.92%	6.72%	7.45%
Return on Equity Simple (ROE_SIMPLE)	0.00%	18.39%	19.99%	20.40%	0.00%	14.49%	10.90%	5.43%	0.00%	0.23%
Net Operating Profit after Tax (NOPAT)	-0.15	2.88	3.80	2.46	4.01	3.49	3.21	0.89	0.86	1.06
NOPAT Margin	-0.31%	6.25%	7.73%	5.52%	9.52%	8.53%	8.18%	2.35%	2.40%	2.77%
Net Nonoperating Expense Percent (NNEP)	-0.10%	0.69%	-0.24%	-0.89%	-0.93%	-1.64%	-9.20%	-63.97%	387.03%	-2.93%
Return On Investment Capital (ROIC_SIMPLE)	-0.20%	-	-	-	6.34%	-	-	-	-	-
Cost of Revenue to Revenue	74.65%	74.26%	72.99%	74.16%	71.99%	72.75%	71.25%	78.30%	77.90%	80.10%
SG&A Expenses to Revenue	23.54%	16.36%	15.77%	17.56%	14.03%	14.60%	16.26%	17.55%	16.25%	16.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.83%	16.66%	16.05%	17.86%	14.35%	14.93%	16.60%	17.91%	16.63%	16.76%
Earnings before Interest and Taxes (EBIT)	0.78	4.33	5.41	3.56	5.76	5.04	4.79	1.44	1.73	1.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.68	5.19	6.24	4.36	6.56	5.83	5.58	2.23	2.47	1.92
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.11	5.36	2.76	3.98	3.26	2.71	1.84	1.81	1.81	1.76
Price to Tangible Book Value (P/TBV)	6.82	7.19	3.78	5.61	4.71	4.07	2.88	2.97	3.03	2.84
Price to Revenue (P/Rev)	1.97	2.11	1.06	1.52	1.23	0.99	0.64	0.61	0.61	0.65
Price to Earnings (P/E)	40.71	29.15	13.82	19.52	17.33	18.70	16.89	33.39	93.07	770.80
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.46%	3.43%	7.24%	5.12%	5.77%	5.35%	5.92%	2.99%	1.07%	0.13%
Enterprise Value to Invested Capital (EV/IC)	6.36	7.12	3.25	4.51	3.73	2.95	1.86	1.80	1.77	1.79
Enterprise Value to Revenue (EV/Rev)	1.88	1.99	0.98	1.46	1.17	0.94	0.63	0.61	0.62	0.63
Enterprise Value to EBITDA (EV/EBITDA)	20.09	16.24	7.53	10.90	9.24	9.00	7.76	11.80	17.33	22.92
Enterprise Value to EBIT (EV/EBIT)	24.92	19.04	8.76	12.71	10.95	11.14	10.33	19.40	41.77	110.24
Enterprise Value to NOPAT (EV/NOPAT)	39.19	27.58	12.58	18.48	16.08	17.02	15.59	29.76	74.69	536.01
Enterprise Value to Operating Cash Flow (EV/OCF)	27.06	17.84	8.85	15.75	11.01	11.59	9.48	11.65	22.09	25.75
Enterprise Value to Free Cash Flow (EV/FCFF)	93.84	32.12	15.56	27.93	16.56	19.39	20.18	109.27	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.04	0.05	0.10	0.12	0.12	0.14	0.13
Long-Term Debt to Equity	0.00	0.00	0.00	0.02	0.02	0.08	0.09	0.10	0.11	0.11
Financial Leverage	-0.21	-0.22	-0.13	-0.08	-0.08	-0.09	-0.01	0.00	0.00	-0.05
Leverage Ratio	1.30	1.34	1.31	1.37	1.39	1.44	1.40	1.46	1.45	1.45
Compound Leverage Factor	1.30	1.34	1.30	1.35	1.38	1.41	1.36	1.35	1.37	1.35
Debt to Total Capital	0.00%	0.00%	0.00%	3.76%	4.33%	9.33%	10.33%	10.97%	12.03%	11.41%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.89%	1.98%	2.02%	2.15%	1.83%	2.31%	1.75%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.87%	2.35%	7.30%	8.18%	9.14%	9.72%	9.65%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	96.24%	95.67%	90.67%	89.68%	89.03%	87.97%	88.59%
Debt to EBITDA	0.00	0.00	0.00	0.11	0.14	0.36	0.49	0.79	1.28	1.73
Net Debt to EBITDA	0.00	0.00	0.00	-0.43	-0.52	-0.43	-0.12	0.11	0.41	-0.65
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.06	0.07	0.28	0.39	0.66	1.03	1.46
Debt to NOPAT	0.00	0.00	0.00	0.19	0.24	0.68	0.99	2.00	5.52	40.43
Net Debt to NOPAT	0.00	0.00	0.00	-0.72	-0.90	-0.81	-0.24	0.27	1.75	-15.11
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.09	0.13	0.53	0.78	1.67	4.46	34.21
Altman Z-Score	15.45	15.29	10.49	11.54	9.21	7.30	6.62	5.88	5.89	5.49
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.81	2.68	2.83	2.53	2.30	2.25	2.44	2.00	2.07	2.18
Quick Ratio	2.07	2.04	2.10	1.82	1.63	1.57	1.55	1.25	1.22	1.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5.36	1.02	1.17	-1.99	3.67	2.45	1.83	-1.29	-1.63	-0.47
Operating Cash Flow to CapEx	-206.16%	488.27%	455.71%	62.62%	398.42%	578.63%	1,064.91%	171.79%	41.43%	463.63%
Free Cash Flow to Firm to Interest Expense	-1,786.34	255.69	24.85	-39.04	59.15	22.46	16.78	-12.41	-16.94	-6.06
Operating Cash Flow to Interest Expense	-859.67	1,862.75	139.23	30.31	77.37	61.37	22.28	29.11	3.63	54.13
Operating Cash Flow Less CapEx to Interest Expense	-1,276.67	1,481.25	108.68	-18.10	57.95	50.76	20.18	12.16	-5.13	42.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.17	2.12	2.25	2.18	2.13	2.00	2.14	2.05	2.02	1.90
Accounts Receivable Turnover	12.75	13.69	13.68	12.34	12.66	12.51	13.94	12.44	13.27	12.82
Inventory Turnover	15.55	15.03	14.24	13.90	12.56	12.46	12.82	12.92	12.81	13.34
Fixed Asset Turnover	7.53	7.49	7.53	7.14	7.33	7.13	7.15	6.93	6.90	6.60
Accounts Payable Turnover	13.57	13.21	17.28	12.63	13.11	12.66	18.69	12.98	15.73	13.17
Days Sales Outstanding (DSO)	28.62	26.67	26.68	29.59	28.82	29.18	26.18	29.34	27.52	28.48
Days Inventory Outstanding (DIO)	23.47	24.28	25.63	26.25	29.05	29.30	28.46	28.24	28.49	27.35
Days Payable Outstanding (DPO)	26.90	27.64	21.12	28.89	27.84	28.84	19.53	28.13	23.20	27.72
Cash Conversion Cycle (CCC)	25.20	23.31	31.19	26.95	30.03	29.64	35.11	29.46	32.80	28.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	55	51	53	54	50	49	51	50	50	48
Invested Capital Turnover	3.55	3.64	3.40	3.22	3.22	3.17	3.02	3.00	2.93	2.89
Increase / (Decrease) in Invested Capital	5.21	1.86	2.63	4.46	0.34	1.04	1.38	2.18	2.49	1.52
Enterprise Value (EV)	351	363	173	243	187	145	95	89	88	86
Market Capitalization	367	383	188	253	197	152	96	88	86	89
Book Value per Share	$4.85	$4.84	$4.62	$4.32	$4.11	$3.82	$3.56	$3.33	$3.07	$3.26
Tangible Book Value per Share	$3.63	$3.61	$3.38	$3.07	$2.85	$2.54	$2.27	$2.03	$1.83	$2.01
Total Capital	72	72	68	66	63	62	58	55	54	57
Total Debt	0.00	0.00	0.00	2.49	2.73	5.76	6.01	6.01	6.50	6.50
Total Long-Term Debt	0.00	0.00	0.00	1.24	1.48	4.51	4.76	5.01	5.25	5.50
Net Debt	-17	-21	-15	-9.54	-10	-6.87	-1.44	0.80	2.06	-2.43
Capital Expenditures (CapEx)	1.25	1.53	1.44	2.47	1.20	1.16	0.23	1.76	0.84	0.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	11	7.50	11	12	9.63	9.14	11	9.56	11	9.22
Debt-free Net Working Capital (DFNWC)	28	28	25	24	23	22	19	15	15	18
Net Working Capital (NWC)	28	28	25	23	22	21	18	14	14	17
Net Nonoperating Expense (NNE)	0.01	-0.09	0.02	0.04	0.04	0.08	0.05	0.06	0.14	0.07
Net Nonoperating Obligations (NNO)	-17	-21	-15	-9.54	-10	-6.87	-1.44	0.80	2.06	-2.43
Total Depreciation and Amortization (D&A)	0.90	0.86	0.84	0.80	0.80	0.79	0.79	0.78	0.73	0.73
Debt-free, Cash-free Net Working Capital to Revenue	6.09%	4.12%	6.10%	7.15%	6.02%	5.94%	7.49%	6.57%	7.59%	6.75%
Debt-free Net Working Capital to Revenue	15.04%	15.42%	14.38%	14.36%	14.26%	14.15%	12.42%	10.16%	10.73%	13.28%
Net Working Capital to Revenue	15.04%	15.42%	14.38%	13.61%	13.48%	13.34%	11.60%	9.47%	9.84%	12.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	$0.20	$0.26	$0.17	$0.26	$0.23	$0.22	$0.06	$0.05	$0.06
Adjusted Weighted Average Basic Shares Outstanding	14.77M	14.80M	14.73M	14.69M	14.67M	14.68M	14.65M	14.65M	15.40M	15.49M
Adjusted Diluted Earnings per Share	$0.00	$0.19	$0.25	$0.16	$0.25	$0.23	$0.21	$0.06	$0.05	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	15.13M	15.27M	15.20M	15.22M	15.10M	15.10M	15.08M	15.03M	15.72M	15.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.20M	14.82M	14.79M	14.71M	14.69M	14.69M	14.67M	14.66M	14.64M	15.50M
Normalized Net Operating Profit after Tax (NOPAT)	0.50	2.88	3.80	2.46	4.01	3.49	3.21	0.89	1.37	1.06
Normalized NOPAT Margin	1.06%	6.25%	7.73%	5.52%	9.52%	8.53%	8.18%	2.35%	3.83%	2.77%
Pre Tax Income Margin	1.65%	9.39%	10.90%	7.86%	13.53%	12.05%	11.94%	3.53%	4.56%	2.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	259.67	1,082.50	115.02	69.78	92.89	46.22	43.98	13.87	18.03	15.45
NOPAT to Interest Expense	-49.00	720.44	80.89	48.33	64.65	32.00	29.45	8.57	8.95	13.71
EBIT Less CapEx to Interest Expense	-157.33	701.00	84.47	21.37	73.47	35.61	41.89	-3.08	9.28	3.78
NOPAT Less CapEx to Interest Expense	-466.00	338.94	50.34	-0.08	45.23	21.40	27.36	-8.37	0.20	2.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	432.58%	0.00%

Frequently Asked Questions About Lifeway Foods' Financials

When does Lifeway Foods's fiscal year end?

According to the most recent income statement we have on file, Lifeway Foods' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Lifeway Foods' net income changed over the last 2 years?

Lifeway Foods' net income appears to be on an upward trend, with a most recent value of $9.03 million in 2024, rising from $924 thousand in 2022. The previous period was $11.37 million in 2023. View Lifeway Foods' forecast to see where analysts expect Lifeway Foods to go next.

What is Lifeway Foods's operating income?

Lifeway Foods's total operating income in 2024 was $13.85 million, based on the following breakdown:

Total Gross Profit: $48.57 million
Total Operating Expenses: $34.72 million

How has Lifeway Foods revenue changed over the last 2 years?

Over the last 2 years, Lifeway Foods' total revenue changed from $141.57 million in 2022 to $186.82 million in 2024, a change of 32.0%.

How much debt does Lifeway Foods have?

Lifeway Foods' total liabilities were at $18.64 million at the end of 2024, a 12.2% decrease from 2023, and a 13.0% decrease since 2022.

How much cash does Lifeway Foods have?

In the past 2 years, Lifeway Foods' cash and equivalents has ranged from $4.44 million in 2022 to $16.73 million in 2024, and is currently $16.73 million as of their latest financial filing in 2024.

How has Lifeway Foods' book value per share changed over the last 2 years?

Over the last 2 years, Lifeway Foods' book value per share changed from 3.07 in 2022 to 4.85 in 2024, a change of 58.1%.

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This page (NASDAQ:LWAY) was last updated on 5/24/2025 by MarketBeat.com Staff

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Lifeway Foods (LWAY) Financials

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Lifeway Foods (LWAY) Financials

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