vs
Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
Alexandria Real Estate Equities is the larger business by last-quarter revenue ($671.0M vs $439.3M, roughly 1.5× B&G Foods, Inc.). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs -4.4%, a 63.7% gap on every dollar of revenue. On growth, B&G Foods, Inc. posted the faster year-over-year revenue change (-4.7% vs -11.5%). Over the past eight quarters, Alexandria Real Estate Equities's revenue compounded faster (-6.4% CAGR vs -12.8%).
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...
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.
ARE vs BGS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $439.3M |
| Net Profit | $398.4M | $-19.1M |
| Gross Margin | — | 22.5% |
| Operating Margin | — | 2.5% |
| Net Margin | 59.4% | -4.4% |
| Revenue YoY | -11.5% | -4.7% |
| Net Profit YoY | 740.6% | -356.5% |
| EPS (diluted) | $2.10 | $-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 | $671.0M | — | ||
| Q4 25 | $754.4M | — | ||
| Q3 25 | $751.9M | $439.3M | ||
| Q2 25 | $762.0M | $424.4M | ||
| Q1 25 | $758.2M | $425.4M | ||
| Q4 24 | $788.9M | $551.6M | ||
| Q3 24 | $791.6M | $461.1M | ||
| Q2 24 | $766.7M | $444.6M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | — | ||
| Q3 25 | $-232.8M | $-19.1M | ||
| Q2 25 | $-107.0M | $-9.8M | ||
| Q1 25 | $-8.9M | $835.0K | ||
| Q4 24 | $-62.2M | $-222.4M | ||
| Q3 24 | $167.9M | $7.5M | ||
| Q2 24 | $46.7M | $3.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 20.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 8.4% | ||
| Q4 24 | — | -46.6% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 9.9% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | — | ||
| Q3 25 | -31.0% | -4.4% | ||
| Q2 25 | -14.0% | -2.3% | ||
| Q1 25 | -1.2% | 0.2% | ||
| Q4 24 | -7.9% | -40.3% | ||
| Q3 24 | 21.2% | 1.6% | ||
| Q2 24 | 6.1% | 0.9% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | — | ||
| Q3 25 | $-1.38 | $-0.24 | ||
| Q2 25 | $-0.64 | $-0.12 | ||
| Q1 25 | $-0.07 | $0.01 | ||
| Q4 24 | $-0.38 | $-2.81 | ||
| Q3 24 | $0.96 | $0.09 | ||
| Q2 24 | $0.25 | $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 | $418.7M | $60.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $19.4B | $470.7M |
| Total Assets | $34.2B | $2.9B |
| Debt / EquityLower = less leverage | — | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | — | ||
| Q3 25 | $579.5M | $60.9M | ||
| Q2 25 | $520.5M | $54.1M | ||
| Q1 25 | $476.4M | $61.2M | ||
| Q4 24 | $552.1M | $50.6M | ||
| Q3 24 | $562.6M | $54.7M | ||
| Q2 24 | $561.0M | $40.3M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | $2.0B | ||
| Q2 25 | $13.3B | $2.0B | ||
| Q1 25 | $13.1B | $2.0B | ||
| Q4 24 | $12.2B | $2.0B | ||
| Q3 24 | $12.7B | $2.1B | ||
| Q2 24 | $12.4B | $2.0B |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | — | ||
| Q3 25 | $16.6B | $470.7M | ||
| Q2 25 | $17.2B | $501.4M | ||
| Q1 25 | $17.5B | $513.1M | ||
| Q4 24 | $17.9B | $524.8M | ||
| Q3 24 | $18.2B | $755.3M | ||
| Q2 24 | $18.3B | $765.0M |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | — | ||
| Q3 25 | $37.4B | $2.9B | ||
| Q2 25 | $37.6B | $2.9B | ||
| Q1 25 | $37.6B | $3.0B | ||
| Q4 24 | $37.5B | $3.0B | ||
| Q3 24 | $38.5B | $3.4B | ||
| Q2 24 | $37.8B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | 4.30× | ||
| Q2 25 | 0.77× | 3.97× | ||
| Q1 25 | 0.75× | 3.91× | ||
| Q4 24 | 0.68× | 3.85× | ||
| Q3 24 | 0.70× | 2.75× | ||
| Q2 24 | 0.68× | 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 | $475.0M | $-64.6M |
| Free Cash FlowOCF − Capex | — | $-70.7M |
| FCF MarginFCF / Revenue | — | -16.1% |
| Capex IntensityCapex / Revenue | 76.0% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | — | ||
| Q3 25 | $433.5M | $-64.6M | ||
| Q2 25 | $460.2M | $17.8M | ||
| Q1 25 | $207.9M | $52.7M | ||
| Q4 24 | $274.2M | $80.3M | ||
| Q3 24 | $477.4M | $4.2M | ||
| Q2 24 | $411.8M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-70.7M | ||
| Q2 25 | — | $11.5M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | — | $71.7M | ||
| Q3 24 | — | $-679.0K | ||
| Q2 24 | — | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -16.1% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | -0.1% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 1.4% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 63.17× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.84× | 0.56× | ||
| Q2 24 | 8.82× | 2.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
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% |
