vs
Side-by-side financial comparison of Andersons, Inc. (ANDE) 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 $329.5M, roughly 1.3× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs -4.4%, a 24.8% gap on every dollar of revenue. On growth, Andersons, Inc. posted the faster year-over-year revenue change (-2.4% vs -4.7%). B&G Foods, Inc. produced more free cash flow last quarter ($-70.7M vs $-77.1M). Over the past eight quarters, Andersons, Inc.'s revenue compounded faster (-1.8% CAGR vs -12.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs BGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $439.3M |
| Net Profit | $67.4M | $-19.1M |
| Gross Margin | 70.3% | 22.5% |
| Operating Margin | 26.6% | 2.5% |
| Net Margin | 20.5% | -4.4% |
| Revenue YoY | -2.4% | -4.7% |
| Net Profit YoY | 49.6% | -356.5% |
| EPS (diluted) | — | $-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 | $329.5M | — | ||
| Q3 25 | $295.8M | $439.3M | ||
| Q2 25 | $535.0M | $424.4M | ||
| Q1 25 | $370.8M | $425.4M | ||
| Q4 24 | $337.5M | $551.6M | ||
| Q3 24 | $231.9M | $461.1M | ||
| Q2 24 | $492.5M | $444.6M | ||
| Q1 24 | $341.4M | $475.2M |
| Q4 25 | $67.4M | — | ||
| Q3 25 | $20.1M | $-19.1M | ||
| Q2 25 | $7.9M | $-9.8M | ||
| Q1 25 | $284.0K | $835.0K | ||
| Q4 24 | $45.1M | $-222.4M | ||
| Q3 24 | $27.4M | $7.5M | ||
| Q2 24 | $36.0M | $3.9M | ||
| Q1 24 | $5.6M | $-40.2M |
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | 22.5% | ||
| Q2 25 | 29.6% | 20.5% | ||
| Q1 25 | 41.2% | 21.2% | ||
| Q4 24 | 63.1% | 21.5% | ||
| Q3 24 | 76.4% | 22.2% | ||
| Q2 24 | 35.6% | 20.7% | ||
| Q1 24 | 37.6% | 22.9% |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 8.7% | 2.5% | ||
| Q2 25 | 4.6% | 5.2% | ||
| Q1 25 | 0.9% | 8.4% | ||
| Q4 24 | 19.9% | -46.6% | ||
| Q3 24 | 26.8% | 11.1% | ||
| Q2 24 | 11.6% | 9.9% | ||
| Q1 24 | 4.1% | -3.3% |
| Q4 25 | 20.5% | — | ||
| Q3 25 | 6.8% | -4.4% | ||
| Q2 25 | 1.5% | -2.3% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 13.4% | -40.3% | ||
| Q3 24 | 11.8% | 1.6% | ||
| Q2 24 | 7.3% | 0.9% | ||
| Q1 24 | 1.6% | -8.5% |
| Q4 25 | — | — | ||
| Q3 25 | $0.59 | $-0.24 | ||
| Q2 25 | $0.23 | $-0.12 | ||
| Q1 25 | $0.01 | $0.01 | ||
| Q4 24 | $1.31 | $-2.81 | ||
| Q3 24 | $0.80 | $0.09 | ||
| Q2 24 | $1.05 | $0.05 | ||
| Q1 24 | $0.16 | $-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 | $98.3M | $60.9M |
| Total DebtLower is stronger | $560.0M | $2.0B |
| Stockholders' EquityBook value | $1.2B | $470.7M |
| Total Assets | $3.7B | $2.9B |
| Debt / EquityLower = less leverage | 0.45× | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | $60.9M | ||
| Q2 25 | — | $54.1M | ||
| Q1 25 | — | $61.2M | ||
| Q4 24 | $561.8M | $50.6M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $40.3M | ||
| Q1 24 | — | $42.5M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $608.2M | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $470.7M | ||
| Q2 25 | $1.4B | $501.4M | ||
| Q1 25 | $1.4B | $513.1M | ||
| Q4 24 | $1.4B | $524.8M | ||
| Q3 24 | $1.3B | $755.3M | ||
| Q2 24 | $1.3B | $765.0M | ||
| Q1 24 | $1.3B | $781.2M |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.3B | $2.9B | ||
| Q2 25 | $3.4B | $2.9B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $4.1B | $3.0B | ||
| Q3 24 | $3.4B | $3.4B | ||
| Q2 24 | $3.3B | $3.4B | ||
| Q1 24 | $3.3B | $3.4B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.91× | ||
| Q4 24 | 0.45× | 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 | $-6.2M | $-64.6M |
| Free Cash FlowOCF − Capex | $-77.1M | $-70.7M |
| FCF MarginFCF / Revenue | -23.4% | -16.1% |
| Capex IntensityCapex / Revenue | 21.5% | 1.4% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | — | ||
| Q3 25 | $233.9M | $-64.6M | ||
| Q2 25 | $299.3M | $17.8M | ||
| Q1 25 | $-350.0M | $52.7M | ||
| Q4 24 | $268.8M | $80.3M | ||
| Q3 24 | $-2.1M | $4.2M | ||
| Q2 24 | $304.4M | $11.3M | ||
| Q1 24 | $-239.6M | $35.1M |
| Q4 25 | $-77.1M | — | ||
| Q3 25 | $167.0M | $-70.7M | ||
| Q2 25 | $250.5M | $11.5M | ||
| Q1 25 | $-396.6M | $42.4M | ||
| Q4 24 | $212.9M | $71.7M | ||
| Q3 24 | $-40.0M | $-679.0K | ||
| Q2 24 | $275.8M | $5.2M | ||
| Q1 24 | $-266.4M | $27.5M |
| Q4 25 | -23.4% | — | ||
| Q3 25 | 56.5% | -16.1% | ||
| Q2 25 | 46.8% | 2.7% | ||
| Q1 25 | -106.9% | 10.0% | ||
| Q4 24 | 63.1% | 13.0% | ||
| Q3 24 | -17.2% | -0.1% | ||
| Q2 24 | 56.0% | 1.2% | ||
| Q1 24 | -78.0% | 5.8% |
| Q4 25 | 21.5% | — | ||
| Q3 25 | 22.6% | 1.4% | ||
| Q2 25 | 9.1% | 1.5% | ||
| Q1 25 | 12.6% | 2.4% | ||
| Q4 24 | 16.6% | 1.6% | ||
| Q3 24 | 16.3% | 1.0% | ||
| Q2 24 | 5.8% | 1.4% | ||
| Q1 24 | 7.8% | 1.6% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | — | ||
| Q2 25 | 38.10× | — | ||
| Q1 25 | -1232.46× | 63.17× | ||
| Q4 24 | 5.96× | — | ||
| Q3 24 | -0.08× | 0.56× | ||
| Q2 24 | 8.46× | 2.87× | ||
| Q1 24 | -42.94× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
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% |
