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Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
B&G Foods, Inc. is the larger business by last-quarter revenue ($439.3M vs $291.6M, roughly 1.5× ADTRAN Holdings, Inc.). ADTRAN Holdings, Inc. runs the higher net margin — -1.2% vs -4.4%, a 3.1% gap on every dollar of revenue. On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs -4.7%). ADTRAN Holdings, Inc. produced more free cash flow last quarter ($30.6M vs $-70.7M). Over the past eight quarters, ADTRAN Holdings, Inc.'s revenue compounded faster (13.5% CAGR vs -12.8%).
Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama. It is a vendor of both residential and enterprise networking equipment, along with administrative software for network management and deployment. Its customers include communications service providers, governments, enterprises and utilities.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
ADTN vs BGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $291.6M | $439.3M |
| Net Profit | $-3.6M | $-19.1M |
| Gross Margin | 39.0% | 22.5% |
| Operating Margin | 1.5% | 2.5% |
| Net Margin | -1.2% | -4.4% |
| Revenue YoY | 20.1% | -4.7% |
| Net Profit YoY | 92.2% | -356.5% |
| EPS (diluted) | $-0.02 | $-0.24 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $291.6M | — | ||
| Q3 25 | $279.4M | $439.3M | ||
| Q2 25 | $265.1M | $424.4M | ||
| Q1 25 | $247.7M | $425.4M | ||
| Q4 24 | $242.9M | $551.6M | ||
| Q3 24 | $227.7M | $461.1M | ||
| Q2 24 | $226.0M | $444.6M | ||
| Q1 24 | $226.2M | $475.2M |
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-10.3M | $-19.1M | ||
| Q2 25 | $-20.5M | $-9.8M | ||
| Q1 25 | $-11.3M | $835.0K | ||
| Q4 24 | $-46.1M | $-222.4M | ||
| Q3 24 | $-33.3M | $7.5M | ||
| Q2 24 | $-49.7M | $3.9M | ||
| Q1 24 | $-330.8M | $-40.2M |
| Q4 25 | 39.0% | — | ||
| Q3 25 | 38.3% | 22.5% | ||
| Q2 25 | 37.3% | 20.5% | ||
| Q1 25 | 38.4% | 21.2% | ||
| Q4 24 | 36.9% | 21.5% | ||
| Q3 24 | 36.5% | 22.2% | ||
| Q2 24 | 36.0% | 20.7% | ||
| Q1 24 | 31.1% | 22.9% |
| Q4 25 | 1.5% | — | ||
| Q3 25 | -1.0% | 2.5% | ||
| Q2 25 | -5.0% | 5.2% | ||
| Q1 25 | -1.6% | 8.4% | ||
| Q4 24 | -6.9% | -46.6% | ||
| Q3 24 | -11.5% | 11.1% | ||
| Q2 24 | -17.0% | 9.9% | ||
| Q1 24 | -153.1% | -3.3% |
| Q4 25 | -1.2% | — | ||
| Q3 25 | -3.7% | -4.4% | ||
| Q2 25 | -7.7% | -2.3% | ||
| Q1 25 | -4.5% | 0.2% | ||
| Q4 24 | -19.0% | -40.3% | ||
| Q3 24 | -14.6% | 1.6% | ||
| Q2 24 | -22.0% | 0.9% | ||
| Q1 24 | -146.2% | -8.5% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.12 | $-0.24 | ||
| Q2 25 | $-0.24 | $-0.12 | ||
| Q1 25 | $-0.14 | $0.01 | ||
| Q4 24 | $-0.58 | $-2.81 | ||
| Q3 24 | $-0.38 | $0.09 | ||
| Q2 24 | $-0.63 | $0.05 | ||
| Q1 24 | $-4.20 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $95.7M | $60.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $145.8M | $470.7M |
| Total Assets | $1.2B | $2.9B |
| Debt / EquityLower = less leverage | — | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.7M | — | ||
| Q3 25 | $93.7M | $60.9M | ||
| Q2 25 | $106.3M | $54.1M | ||
| Q1 25 | $101.3M | $61.2M | ||
| Q4 24 | $76.0M | $50.6M | ||
| Q3 24 | $88.5M | $54.7M | ||
| Q2 24 | $111.2M | $40.3M | ||
| Q1 24 | $106.8M | $42.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $145.8M | — | ||
| Q3 25 | $141.6M | $470.7M | ||
| Q2 25 | $169.6M | $501.4M | ||
| Q1 25 | $138.9M | $513.1M | ||
| Q4 24 | $127.0M | $524.8M | ||
| Q3 24 | $205.6M | $755.3M | ||
| Q2 24 | $213.6M | $765.0M | ||
| Q1 24 | $260.8M | $781.2M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $1.3B | $3.4B | ||
| Q2 24 | $1.3B | $3.4B | ||
| Q1 24 | $1.3B | $3.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.91× | ||
| Q4 24 | — | 3.85× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 2.67× | ||
| Q1 24 | — | 2.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.2M | $-64.6M |
| Free Cash FlowOCF − Capex | $30.6M | $-70.7M |
| FCF MarginFCF / Revenue | 10.5% | -16.1% |
| Capex IntensityCapex / Revenue | 4.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $98.0M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.2M | — | ||
| Q3 25 | $12.2M | $-64.6M | ||
| Q2 25 | $32.2M | $17.8M | ||
| Q1 25 | $43.2M | $52.7M | ||
| Q4 24 | $2.4M | $80.3M | ||
| Q3 24 | $43.3M | $4.2M | ||
| Q2 24 | $19.9M | $11.3M | ||
| Q1 24 | $37.9M | $35.1M |
| Q4 25 | $30.6M | — | ||
| Q3 25 | $4.2M | $-70.7M | ||
| Q2 25 | $27.5M | $11.5M | ||
| Q1 25 | $35.8M | $42.4M | ||
| Q4 24 | $-895.0K | $71.7M | ||
| Q3 24 | $37.1M | $-679.0K | ||
| Q2 24 | $8.4M | $5.2M | ||
| Q1 24 | $24.4M | $27.5M |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 1.5% | -16.1% | ||
| Q2 25 | 10.4% | 2.7% | ||
| Q1 25 | 14.4% | 10.0% | ||
| Q4 24 | -0.4% | 13.0% | ||
| Q3 24 | 16.3% | -0.1% | ||
| Q2 24 | 3.7% | 1.2% | ||
| Q1 24 | 10.8% | 5.8% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 2.9% | 1.4% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 3.0% | 2.4% | ||
| Q4 24 | 1.4% | 1.6% | ||
| Q3 24 | 2.7% | 1.0% | ||
| Q2 24 | 5.1% | 1.4% | ||
| Q1 24 | 6.0% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 63.17× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 2.87× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADTN
| Subscriber Solutions | $96.2M | 33% |
| Optical Networking Solutions | $81.8M | 28% |
| Access Aggregation Solutions | $64.6M | 22% |
| Services And Support | $48.9M | 17% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
