vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) 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 $351.4M, roughly 1.3× APOGEE ENTERPRISES, INC.). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs -4.4%, a 9.1% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (1.6% vs -4.7%). Over the past eight quarters, APOGEE ENTERPRISES, INC.'s revenue compounded faster (2.9% CAGR vs -12.8%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs BGS — Head-to-Head
Income Statement — Q4 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $439.3M |
| Net Profit | $16.6M | $-19.1M |
| Gross Margin | 22.4% | 22.5% |
| Operating Margin | 7.3% | 2.5% |
| Net Margin | 4.7% | -4.4% |
| Revenue YoY | 1.6% | -4.7% |
| Net Profit YoY | 568.8% | -356.5% |
| EPS (diluted) | $0.78 | $-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.
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | — | ||
| Q3 25 | $358.2M | $439.3M | ||
| Q2 25 | $346.6M | $424.4M | ||
| Q1 25 | $345.7M | $425.4M | ||
| Q4 24 | $341.3M | $551.6M | ||
| Q3 24 | $342.4M | $461.1M | ||
| Q2 24 | $331.5M | $444.6M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | — | ||
| Q3 25 | $23.6M | $-19.1M | ||
| Q2 25 | $-2.7M | $-9.8M | ||
| Q1 25 | $2.5M | $835.0K | ||
| Q4 24 | $21.0M | $-222.4M | ||
| Q3 24 | $30.6M | $7.5M | ||
| Q2 24 | $31.0M | $3.9M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | 22.5% | ||
| Q2 25 | 21.7% | 20.5% | ||
| Q1 25 | 21.6% | 21.2% | ||
| Q4 24 | 26.1% | 21.5% | ||
| Q3 24 | 28.4% | 22.2% | ||
| Q2 24 | 29.8% | 20.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 7.5% | 2.5% | ||
| Q2 25 | 2.0% | 5.2% | ||
| Q1 25 | 1.8% | 8.4% | ||
| Q4 24 | 8.4% | -46.6% | ||
| Q3 24 | 12.3% | 11.1% | ||
| Q2 24 | 12.5% | 9.9% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | — | ||
| Q3 25 | 6.6% | -4.4% | ||
| Q2 25 | -0.8% | -2.3% | ||
| Q1 25 | 0.7% | 0.2% | ||
| Q4 24 | 6.1% | -40.3% | ||
| Q3 24 | 8.9% | 1.6% | ||
| Q2 24 | 9.4% | 0.9% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | — | ||
| Q3 25 | $1.10 | $-0.24 | ||
| Q2 25 | $-0.13 | $-0.12 | ||
| Q1 25 | $0.12 | $0.01 | ||
| Q4 24 | $0.96 | $-2.81 | ||
| Q3 24 | $1.40 | $0.09 | ||
| Q2 24 | $1.41 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $39.5M | $60.9M |
| Total DebtLower is stronger | $232.3M | $2.0B |
| Stockholders' EquityBook value | $511.8M | $470.7M |
| Total Assets | $1.1B | $2.9B |
| Debt / EquityLower = less leverage | 0.45× | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | $60.9M | ||
| Q2 25 | $32.8M | $54.1M | ||
| Q1 25 | $41.4M | $61.2M | ||
| Q4 24 | $43.9M | $50.6M | ||
| Q3 24 | $51.0M | $54.7M | ||
| Q2 24 | $30.4M | $40.3M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | $285.0M | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | — | ||
| Q3 25 | $500.2M | $470.7M | ||
| Q2 25 | $481.8M | $501.4M | ||
| Q1 25 | $487.9M | $513.1M | ||
| Q4 24 | $522.1M | $524.8M | ||
| Q3 24 | $506.4M | $755.3M | ||
| Q2 24 | $480.0M | $765.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | — | ||
| 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 | $917.1M | $3.4B | ||
| Q2 24 | $889.0M | $3.4B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | 0.58× | 3.91× | ||
| Q4 24 | — | 3.85× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 2.67× |
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 | $122.5M | $-64.6M |
| Free Cash FlowOCF − Capex | — | $-70.7M |
| FCF MarginFCF / Revenue | — | -16.1% |
| Capex IntensityCapex / Revenue | 7.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | — | ||
| Q3 25 | $57.1M | $-64.6M | ||
| Q2 25 | $-19.8M | $17.8M | ||
| Q1 25 | $30.0M | $52.7M | ||
| Q4 24 | $31.0M | $80.3M | ||
| Q3 24 | $58.7M | $4.2M | ||
| Q2 24 | $5.5M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $-70.7M | ||
| Q2 25 | $-26.9M | $11.5M | ||
| Q1 25 | $19.1M | $42.4M | ||
| Q4 24 | $22.0M | $71.7M | ||
| Q3 24 | $50.2M | $-679.0K | ||
| Q2 24 | $-1.8M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | -16.1% | ||
| Q2 25 | -7.8% | 2.7% | ||
| Q1 25 | 5.5% | 10.0% | ||
| Q4 24 | 6.4% | 13.0% | ||
| Q3 24 | 14.7% | -0.1% | ||
| Q2 24 | -0.5% | 1.2% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 2.1% | 1.5% | ||
| Q1 25 | 3.2% | 2.4% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 2.5% | 1.0% | ||
| Q2 24 | 2.2% | 1.4% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.08× | 63.17× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | 0.56× | ||
| Q2 24 | 0.18× | 2.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
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% |
