Symbols / LWAY $26.34 -0.08% Lifeway Foods, Inc.

Consumer Defensive • Packaged Foods • United States • NGM
LWAY Chart
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About

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.

Fundamentals
Scroll to Statements
Market Cap 401.13M Enterprise Value 394.24M Income 13.86M Sales 212.50M Book/sh 5.63 Cash/sh 0.37
Dividend Yield — Payout 0.00% Employees 293 IPO — P/E 29.60 Forward P/E 19.23
PEG 3.50 P/S 1.89 P/B 4.68 P/C — EV/EBITDA 19.56 EV/Sales 1.85
Quick Ratio 1.35 Current Ratio 2.23 Debt/Eq 0.54 LT Debt/Eq — EPS (ttm) 0.89 EPS next Y 1.37
EPS Growth — Revenue Growth 18.00% Earnings 2026-05-14 ROA 10.31% ROE 17.57% ROIC —
Gross Margin 29.01% Oper. Margin 6.80% Profit Margin 6.52% Shs Outstand 15.15M Shs Float 4.32M Short Float 4.09%
Short Ratio 4.34 Short Interest — 52W High 34.20 52W Low 17.31 Beta 0.23 Avg Volume 59.47K
Volume 54.24K Target Price $35.00 Recom Strong_buy Prev Close $26.36 Price $26.34 Change -0.08%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.00
Mean price target
2. Current target
$26.34
Latest analyst target
3. DCF / Fair value
$-17.71
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$26.34
Low
$35.00
High
$35.00
Mean
$35.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-13 init Benchmark — → Buy $35
2025-08-13 main Lake Street Buy → Buy $33
2024-09-24 down Noble Capital Markets Outperform → Market Perform —
2024-09-03 main Noble Capital Markets Outperform → Outperform $25
2024-05-15 main Lake Street Buy → Buy $28
2024-04-05 init Lake Street — → Buy $25
2024-03-27 down Noble Capital Markets Outperform → Market Perform —
2024-02-26 up Noble Capital Markets Market Perform → Outperform $14
2023-11-27 down Noble Capital Markets Outperform → Market Perform —
2023-11-14 up Noble Capital Markets Market Perform → Outperform —
2023-09-25 down Noble Capital Markets Outperform → Market Perform —
2023-08-24 main Noble Capital Markets Outperform → Outperform $12
2016-09-16 main DA Davidson — → Buy $17
2015-12-11 init DA Davidson — → Buy $14
2015-03-18 up Imperial Capital In-Line → Outperform $22
2014-11-20 main Imperial Capital — → In-Line $17
2013-10-23 init Imperial Capital — → In-Line $16
2013-04-09 main Taglich Brothers — → Speculative Buy $14
2013-04-02 down Sidoti & Co. Buy → Neutral —
2012-11-28 main Taglich Brothers — → Speculative Buy $12
News
RSS: Latest LWAY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-27 HANSON ERIC A Chief Financial Officer — 743 $0.00 $0
2026-03-27 HANSON ERIC A Chief Financial Officer — 743 $18.30 $13,597
2026-03-19 SMOLYANSKY EDWARD P Beneficial Owner of more than 10% of a Class of Security — 14,353 $17.77 $255,053
2026-03-18 SMOLYANSKY LUDMILA Beneficial Owner of more than 10% of a Class of Security — 10,000 $18.74 $187,400
2026-03-17 SMOLYANSKY EDWARD P Beneficial Owner of more than 10% of a Class of Security — 35,647 $20.10 $723,172
2026-03-06 SMOLYANSKY JULIE Chief Executive Officer — 13,334 — —
2026-03-06 HANSON ERIC A Chief Financial Officer — 21,396 $0.00 $0
2026-01-09 SCHER JASON SCOTT Director — 1,600 $22.78 $36,448
2026-01-09 HANSON ERIC A Chief Financial Officer — 3,751 — —
2026-01-09 MCWHORTER DORRI Director — 3,151 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
212.50
+13.74%
186.82
+16.67%
160.12
+13.11%
141.57
Operating Revenue
212.50
+13.74%
186.82
+16.67%
160.12
+13.11%
141.57
Cost Of Revenue
154.29
+11.61%
138.25
+17.47%
117.68
+2.53%
114.78
Reconciled Cost Of Revenue
150.85
+11.41%
135.40
+17.68%
115.06
+2.41%
112.35
Gross Profit
58.21
+19.83%
48.57
+14.45%
42.44
+58.44%
26.79
Operating Expense
42.03
+21.06%
34.72
+36.45%
25.45
+4.13%
24.44
Selling General And Administration
41.49
+21.39%
34.18
+37.24%
24.91
+4.22%
23.90
Selling And Marketing Expense
19.89
+34.92%
14.74
+25.20%
11.78
+4.18%
11.30
General And Administrative Expense
21.60
+11.13%
19.44
+48.05%
13.13
+4.26%
12.59
Other Gand A
21.60
+11.13%
19.44
+48.05%
13.13
+4.26%
12.59
Total Expenses
196.32
+13.50%
172.97
+20.85%
143.13
+2.81%
139.22
Operating Income
16.17
+16.75%
13.85
-18.49%
17.00
+623.50%
2.35
Total Operating Income As Reported
16.17
+16.75%
13.85
-18.49%
17.00
+623.50%
2.35
EBITDA
23.74
+35.99%
17.46
-13.54%
20.20
+297.54%
5.08
Normalized EBITDA
20.43
+16.96%
17.47
-13.36%
20.16
+278.89%
5.32
Reconciled Depreciation
3.98
+17.54%
3.39
+7.08%
3.16
+6.39%
2.97
EBIT
19.76
+40.42%
14.07
-17.37%
17.03
+708.02%
2.11
Total Unusual Items
3.31
+41500.00%
-0.01
-123.53%
0.03
+114.11%
-0.24
Total Unusual Items Excluding Goodwill
3.31
+41500.00%
-0.01
-123.53%
0.03
+114.11%
-0.24
Special Income Charges
0.00
+100.00%
-0.01
-123.53%
0.03
+114.11%
-0.24
Net Income
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Pretax Income
19.69
+40.93%
13.97
-16.10%
16.65
+804.35%
1.84
Net Non Operating Interest Income Expense
-0.08
+26.67%
-0.10
+72.66%
-0.38
-43.82%
-0.27
Interest Expense Non Operating
0.08
-26.67%
0.10
-72.66%
0.38
+43.82%
0.27
Net Interest Income
-0.08
+26.67%
-0.10
+72.66%
-0.38
-43.82%
-0.27
Interest Expense
0.08
-26.67%
0.10
-72.66%
0.38
+43.82%
0.27
Other Income Expense
3.59
+1517.57%
0.22
+484.21%
0.04
+115.77%
-0.24
Other Non Operating Income Expenses
0.28
+21.30%
0.23
+5650.00%
0.00
—
Gain On Sale Of Security
3.31
—
—
—
Tax Provision
5.83
+17.86%
4.94
-6.40%
5.28
+476.01%
0.92
Tax Rate For Calcs
0.00
-16.38%
0.00
+11.67%
0.00
+50.95%
0.00
Tax Effect Of Unusual Items
0.98
+34716.95%
-0.00
-126.28%
0.01
+121.30%
-0.05
Net Income Including Noncontrolling Interests
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Net Income From Continuing Operation Net Minority Interest
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Net Income From Continuing And Discontinued Operation
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Net Income Continuous Operations
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Normalized Income
11.53
+27.65%
9.03
-20.40%
11.34
+917.94%
1.11
Net Income Common Stockholders
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Diluted EPS
0.89
+48.33%
0.60
-20.00%
0.75
+1150.00%
0.06
Basic EPS
0.91
+49.18%
0.61
-20.78%
0.77
+1183.33%
0.06
Basic Average Shares
15.20
+2.92%
14.77
+0.70%
14.67
-4.73%
15.40
Diluted Average Shares
15.54
+2.70%
15.13
+0.18%
15.10
-3.91%
15.72
Diluted NI Availto Com Stockholders
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Amortization
0.54
+0.00%
0.54
+0.00%
0.54
+0.00%
0.54
Amortization Of Intangibles Income Statement
0.54
+0.00%
0.54
+0.00%
0.54
+0.00%
0.54
Depreciation Amortization Depletion Income Statement
0.54
+0.00%
0.54
+0.00%
0.54
+0.00%
0.54
Depreciation And Amortization In Income Statement
0.54
+0.00%
0.54
+0.00%
0.54
+0.00%
0.54
Gain On Sale Of PPE
0.00
+100.00%
-0.01
-123.53%
0.03
+114.11%
-0.24
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
105.61
+16.64%
90.55
+10.89%
81.65
+18.34%
69.00
Current Assets
37.06
-15.02%
43.60
+14.16%
38.20
+41.58%
26.98
Cash Cash Equivalents And Short Term Investments
5.57
-66.70%
16.73
+26.75%
13.20
+196.98%
4.44
Cash And Cash Equivalents
5.57
-66.70%
16.73
+26.75%
13.20
+196.98%
4.44
Receivables
16.97
+5.69%
16.05
+15.71%
13.88
+21.09%
11.46
Accounts Receivable
16.64
+7.90%
15.42
+11.16%
13.88
+21.56%
11.41
Gross Accounts Receivable
18.37
+7.99%
17.01
+12.34%
15.14
+14.44%
13.23
Allowance For Doubtful Accounts Receivable
-1.73
-8.81%
-1.59
-25.20%
-1.27
+30.22%
-1.82
Taxes Receivable
0.33
-48.49%
0.63
0.00
-100.00%
0.04
Inventory
11.89
+37.01%
8.68
-4.68%
9.10
-5.47%
9.63
Raw Materials
7.59
+41.29%
5.37
-9.57%
5.94
-2.45%
6.09
Finished Goods
4.30
+30.05%
3.30
+4.52%
3.16
-10.68%
3.54
Prepaid Assets
—
—
—
—
Other Current Assets
2.63
+22.53%
2.14
+6.19%
2.02
+39.72%
1.45
Total Non Current Assets
68.55
+46.04%
46.94
+8.02%
43.46
+3.42%
42.02
Net PPE
48.75
+80.68%
26.98
+17.53%
22.96
+8.90%
21.08
Gross PPE
90.93
+36.17%
66.78
+9.62%
60.92
+7.51%
56.66
Accumulated Depreciation
-42.19
-5.99%
-39.80
-4.84%
-37.97
-6.69%
-35.59
Properties
0.00
0.00
0.00
0.00
Land And Improvements
1.56
+0.00%
1.56
+0.00%
1.56
+0.00%
1.56
Buildings And Improvements
24.50
+4.15%
23.52
+8.58%
21.66
+12.00%
19.34
Machinery Furniture Equipment
44.60
+13.16%
39.42
+11.50%
35.35
+2.75%
34.41
Construction In Progress
19.80
+815.53%
2.16
+0.42%
2.15
+82.54%
1.18
Other Properties
0.47
+294.07%
0.12
-38.54%
0.19
+10.34%
0.17
Goodwill And Other Intangible Assets
17.52
-2.99%
18.06
-2.90%
18.60
-2.82%
19.14
Goodwill
11.70
+0.00%
11.70
+0.00%
11.70
+0.00%
11.70
Other Intangible Assets
5.82
-8.49%
6.36
-7.83%
6.90
-7.26%
7.44
Other Non Current Assets
2.29
+20.26%
1.90
+0.00%
1.90
+5.56%
1.80
Total Liabilities Net Minority Interest
19.79
+6.20%
18.64
-12.17%
21.22
-0.98%
21.43
Current Liabilities
16.64
+7.32%
15.50
-6.69%
16.62
+27.40%
13.04
Payables And Accrued Expenses
16.53
+6.96%
15.46
+1.08%
15.29
+30.46%
11.72
Payables
11.71
+7.73%
10.87
-0.21%
10.89
+30.08%
8.37
Accounts Payable
11.01
+5.84%
10.40
+4.26%
9.98
+25.03%
7.98
Current Accrued Expenses
4.82
+5.14%
4.59
+4.27%
4.40
+31.38%
3.35
Total Tax Payable
0.70
+49.79%
0.47
-48.91%
0.92
+132.49%
0.39
Income Tax Payable
0.22
0.00
-100.00%
0.47
0.00
Current Debt And Capital Lease Obligation
0.11
+125.53%
0.05
-96.45%
1.32
+0.30%
1.32
Current Debt
—
—
1.25
+0.00%
1.25
Other Current Borrowings
—
—
1.25
+0.00%
1.25
Current Capital Lease Obligation
0.11
+125.53%
0.05
-36.49%
0.07
+5.71%
0.07
Total Non Current Liabilities Net Minority Interest
3.15
+0.64%
3.13
-31.94%
4.60
-45.13%
8.39
Long Term Debt And Capital Lease Obligation
0.36
+414.29%
0.07
-95.63%
1.60
-70.12%
5.36
Long Term Debt
—
—
1.48
-71.77%
5.25
Long Term Capital Lease Obligation
0.36
+414.29%
0.07
-40.68%
0.12
+13.46%
0.10
Non Current Deferred Liabilities
2.79
-8.82%
3.06
+2.03%
3.00
-0.92%
3.03
Non Current Deferred Taxes Liabilities
2.79
-8.82%
3.06
+2.03%
3.00
-0.92%
3.03
Other Non Current Liabilities
—
—
—
—
Stockholders Equity
85.82
+19.34%
71.91
+18.99%
60.44
+27.05%
47.57
Common Stock Equity
85.82
+19.34%
71.91
+18.99%
60.44
+27.05%
47.57
Capital Stock
6.51
+0.00%
6.51
+0.00%
6.51
+0.00%
6.51
Common Stock
6.51
+0.00%
6.51
+0.00%
6.51
+0.00%
6.51
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
17.27
0.00%
17.27
+0.00%
17.27
+0.00%
17.27
Ordinary Shares Number
15.23
+0.87%
15.10
+2.79%
14.69
+0.31%
14.64
Treasury Shares Number
2.04
-6.07%
2.17
-15.83%
2.58
-1.75%
2.63
Additional Paid In Capital
3.84
-17.03%
4.63
-4.00%
4.83
+33.14%
3.62
Retained Earnings
88.68
+18.52%
74.82
+13.72%
65.80
+20.88%
54.43
Treasury Stock
13.21
-5.96%
14.05
-15.83%
16.70
-1.75%
16.99
Total Equity Gross Minority Interest
85.82
+19.34%
71.91
+18.99%
60.44
+27.05%
47.57
Total Capitalization
85.82
+19.34%
71.91
+16.14%
61.92
+17.22%
52.82
Working Capital
20.42
-27.34%
28.10
+30.22%
21.58
+54.85%
13.94
Invested Capital
85.82
+19.34%
71.91
+13.84%
63.17
+16.82%
54.07
Total Debt
0.47
+298.29%
0.12
-96.00%
2.92
-56.20%
6.68
Net Debt
—
—
—
2.06
Capital Lease Obligations
0.47
+298.29%
0.12
-39.06%
0.19
+10.34%
0.17
Net Tangible Assets
68.30
+26.83%
53.85
+28.72%
41.83
+47.16%
28.43
Tangible Book Value
68.30
+26.83%
53.85
+28.72%
41.83
+47.16%
28.43
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
10.95
-15.54%
12.96
-23.49%
16.94
+324.91%
3.99
Cash Flow From Continuing Operating Activities
10.95
-15.54%
12.96
-23.49%
16.94
+324.91%
3.99
Net Income From Continuing Operations
13.86
+53.56%
9.03
-20.60%
11.37
+1130.19%
0.92
Depreciation Amortization Depletion
3.98
+17.54%
3.39
+7.08%
3.16
+6.39%
2.97
Depreciation
3.44
+20.87%
2.85
+8.54%
2.62
+7.81%
2.43
Amortization Cash Flow
0.54
+0.00%
0.54
+0.00%
0.54
+0.00%
0.54
Depreciation And Amortization
3.98
+17.54%
3.39
+7.08%
3.16
+6.39%
2.97
Amortization Of Intangibles
0.54
+0.00%
0.54
+0.00%
0.54
+0.00%
0.54
Other Non Cash Items
0.02
+11.76%
0.02
+183.33%
0.01
+127.27%
-0.02
Stock Based Compensation
1.95
-20.40%
2.45
+63.39%
1.50
+34.99%
1.11
Asset Impairment Charge
—
0.00
-100.00%
0.00
0.00
Deferred Tax
-0.27
-542.62%
0.06
+317.86%
-0.03
+83.72%
-0.17
Deferred Income Tax
-0.27
-542.62%
0.06
+317.86%
-0.03
+83.72%
-0.17
Operating Gains Losses
-3.52
-44125.00%
0.01
+123.53%
-0.03
-114.11%
0.24
Gain Loss On Investment Securities
-3.41
—
—
—
Unrealized Gain Loss On Investment Securities
0.10
0.00
—
—
Gain Loss On Sale Of PPE
-0.12
-1537.50%
0.01
+123.53%
-0.03
-114.11%
0.24
Change In Working Capital
-5.16
-160.52%
-1.98
-304.44%
0.97
+190.99%
-1.06
Change In Receivables
-0.91
+58.14%
-2.18
+9.84%
-2.42
-104.48%
-1.18
Changes In Account Receivables
-1.22
+21.35%
-1.55
+37.07%
-2.46
-66.08%
-1.48
Change In Inventory
-3.21
-853.99%
0.43
-19.17%
0.53
+139.18%
-1.34
Change In Prepaid Assets
0.15
+220.80%
-0.12
+78.22%
-0.57
-200.52%
-0.19
Change In Payables And Accrued Expense
-1.19
-1075.25%
-0.10
-102.94%
3.44
+107.68%
1.65
Change In Accrued Expense
-1.64
-857.14%
0.22
-80.31%
1.10
+153.92%
0.43
Change In Payable
0.46
+243.40%
-0.32
-113.63%
2.33
+91.23%
1.22
Change In Account Payable
0.24
+52.56%
0.16
-91.61%
1.86
-4.42%
1.95
Investing Cash Flow
-22.04
-229.84%
-6.68
-51.52%
-4.41
-9.46%
-4.03
Cash Flow From Continuing Investing Activities
-22.04
-229.84%
-6.68
-51.52%
-4.41
-9.46%
-4.03
Net PPE Purchase And Sale
-27.25
-307.75%
-6.68
-55.03%
-4.31
-24.96%
-3.45
Purchase Of PPE
-27.36
-308.56%
-6.70
-53.92%
-4.35
-26.15%
-3.45
Sale Of PPE
0.12
+666.67%
0.01
-63.41%
0.04
0.00
Capital Expenditure
-27.36
-308.56%
-6.70
-53.92%
-4.35
-26.15%
-3.45
Net Investment Purchase And Sale
5.21
0.00
+100.00%
-0.10
0.00
Purchase Of Investment
—
0.00
+100.00%
-0.10
0.00
Sale Of Investment
5.21
0.00
—
—
Net Business Purchase And Sale
—
—
0.00
+100.00%
-0.58
Purchase Of Business
—
—
0.00
+100.00%
-0.58
Financing Cash Flow
-0.07
+97.64%
-2.75
+27.19%
-3.78
+20.43%
-4.75
Cash Flow From Continuing Financing Activities
-0.07
+97.64%
-2.75
+27.19%
-3.78
+20.43%
-4.75
Net Issuance Payments Of Debt
0.00
+100.00%
-2.75
+27.19%
-3.78
-403.60%
-0.75
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
0.00
+100.00%
-2.75
+27.19%
-3.78
-403.60%
-0.75
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
0.00
+100.00%
-2.75
+27.19%
-3.78
-403.60%
-0.75
Net Long Term Debt Issuance
0.00
+100.00%
-2.75
+27.19%
-3.78
-403.60%
-0.75
Net Common Stock Issuance
—
—
0.00
+100.00%
-4.00
Common Stock Payments
—
—
0.00
+100.00%
-4.00
Repurchase Of Capital Stock
—
—
0.00
+100.00%
-4.00
Net Other Financing Charges
-0.07
—
—
—
Changes In Cash
-11.16
-416.06%
3.53
-59.68%
8.75
+282.79%
-4.79
Beginning Cash Position
16.73
+26.75%
13.20
+196.98%
4.44
-51.87%
9.23
End Cash Position
5.57
-66.70%
16.73
+26.75%
13.20
+196.98%
4.44
Free Cash Flow
-16.41
-361.98%
6.26
-50.24%
12.59
+2240.15%
0.54
Interest Paid Supplemental Data
0.06
-40.82%
0.10
-76.39%
0.41
+68.02%
0.25
Income Tax Paid Supplemental Data
5.59
-6.66%
5.99
+24.94%
4.79
+327.48%
1.12
Change In Income Tax Payable
0.22
+145.99%
-0.47
-200.00%
0.47
+165.38%
-0.72
Change In Tax Payable
0.22
+145.99%
-0.47
-200.00%
0.47
+165.38%
-0.72
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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