Lifeway Foods (LWAY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Lifeway Foods

NasdaqGM•Consumer Defensive•Packaged Foods

$24.61-0.22(-0.01%)Pre-market

Market Cap

$362.35M

P/E

33.3x

P/S

1.5x

P/B

4.3x

Lifeway Foods, Inc. produces and markets probiotic-based products in North America. The company's primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and milk types. It offers European-style soft cheeses, including farmer and white cheeses, and sweet kiss; cream and other products; drinkable yogurt; ProBugs, a line of kefir products designed for children; and Fresh Made butter and sour cream. The company sells its products under the Lifeway, Fresh Made, and GlenOaks Farms brand names, as well as under private labels on behalf of customers primarily through direct sales force, brokers, and distributors. Lifeway Foods, Inc. was incorporated in 1986 and is based in Morton Grove, Illinois.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (3/25).

Profitability11/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality3/25

Strengths

Growing revenueLow leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 33.3x5y range 13.8x – 765.1x

Currently near its 19-quarter median.

P/S · 1.5x5y range 0.6x – 2.1x

Currently above its 20-quarter median.

P/B · 4.3x5y range 1.5x – 5.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $362.35M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $242.41M
Q. Revenue: $66.89M
TTM EBITDA: $20.00M
TTM Op. Income: $15.73M
Q. Op. Income: $600,000
TTM Net Income: $10.87M
Q. Net Income: $127,000
EPS: $0.01
Shares Out.: $15.16M

$242.41M in TTM revenue grew 25.6% YoY, reaching $66.89M last quarter. TTM EBITDA of $20.00M and TTM operating income of $15.73M show growth is flowing through to the bottom line. TTM net income of $10.87M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 19.5%
EBITDA Margin: 2.6%
Op. Margin: 0.9%
Net Margin: 0.2%

Op. margin of 0.9% is down 9.9% YoY — costs are rising relative to revenue. Net margin at 0.2% and gross margin of 19.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 92% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 33.3x
P/S Ratio: 1.5x
P/B Ratio: 4.3x

At 33.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.5x and P/B of 4.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 6% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $132.40M
Cash: $7.09M
Long-Term Debt: $22.11M
Book Value: $84.57M
D/E Ratio: 0.3
Debt/EBITDA: 12.7

With $132.40M in assets and $22.11M in long-term debt, D/E is 0.3and book value is $84.57M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-339,000
TTM Free Cash Flow: $-31.11M
FCF Margin: -12.8%
FCF / Net Income: -2.9

TTM FCF of $-31.11M on $-339,000 in operating cash flow. The FCF / Net Income ratio of -2.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.