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Side-by-side financial comparison of AZZ INC (AZZ) 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 $385.1M, roughly 1.1× AZZ INC). AZZ INC runs the higher net margin — 4.1% vs -4.4%, a 8.5% gap on every dollar of revenue. On growth, AZZ INC posted the faster year-over-year revenue change (9.4% vs -4.7%). Over the past eight quarters, AZZ INC's revenue compounded faster (-3.5% CAGR vs -12.8%).
AZZ Inc. is a leading global provider of metal protection solutions including hot-dip galvanizing, surface coating services, and specialized electrical and industrial components. It primarily serves the construction, energy, infrastructure, and manufacturing sectors across North America and key international markets.
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.
AZZ vs BGS — Head-to-Head
Income Statement — Q4 FY2027 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $439.3M |
| Net Profit | $15.9M | $-19.1M |
| Gross Margin | 22.7% | 22.5% |
| Operating Margin | 14.8% | 2.5% |
| Net Margin | 4.1% | -4.4% |
| Revenue YoY | 9.4% | -4.7% |
| Net Profit YoY | 146.3% | -356.5% |
| EPS (diluted) | $0.53 | $-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 26 | $385.1M | — | ||
| Q4 25 | $425.7M | — | ||
| Q3 25 | $417.3M | $439.3M | ||
| Q2 25 | $422.0M | $424.4M | ||
| Q1 25 | $351.9M | $425.4M | ||
| Q4 24 | $403.7M | $551.6M | ||
| Q3 24 | $409.0M | $461.1M | ||
| Q2 24 | $413.2M | $444.6M |
| Q4 26 | $15.9M | — | ||
| Q4 25 | $41.1M | — | ||
| Q3 25 | $89.3M | $-19.1M | ||
| Q2 25 | $170.9M | $-9.8M | ||
| Q1 25 | $20.2M | $835.0K | ||
| Q4 24 | $33.6M | $-222.4M | ||
| Q3 24 | $35.4M | $7.5M | ||
| Q2 24 | $39.6M | $3.9M |
| Q4 26 | 22.7% | — | ||
| Q4 25 | 23.9% | — | ||
| Q3 25 | 24.3% | 22.5% | ||
| Q2 25 | 24.7% | 20.5% | ||
| Q1 25 | 22.4% | 21.2% | ||
| Q4 24 | 24.2% | 21.5% | ||
| Q3 24 | 25.3% | 22.2% | ||
| Q2 24 | 24.8% | 20.7% |
| Q4 26 | 14.8% | — | ||
| Q4 25 | 16.3% | — | ||
| Q3 25 | 16.4% | 2.5% | ||
| Q2 25 | 16.5% | 5.2% | ||
| Q1 25 | 11.5% | 8.4% | ||
| Q4 24 | 14.5% | -46.6% | ||
| Q3 24 | 16.5% | 11.1% | ||
| Q2 24 | 16.9% | 9.9% |
| Q4 26 | 4.1% | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | 21.4% | -4.4% | ||
| Q2 25 | 40.5% | -2.3% | ||
| Q1 25 | 5.7% | 0.2% | ||
| Q4 24 | 8.3% | -40.3% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 9.6% | 0.9% |
| Q4 26 | $0.53 | — | ||
| Q4 25 | $1.36 | — | ||
| Q3 25 | $2.95 | $-0.24 | ||
| Q2 25 | $5.66 | $-0.12 | ||
| Q1 25 | $0.87 | $0.01 | ||
| Q4 24 | $1.12 | $-2.81 | ||
| Q3 24 | $1.18 | $0.09 | ||
| Q2 24 | $-1.38 | $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 | — | $60.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $1.3B | $470.7M |
| Total Assets | $2.2B | $2.9B |
| Debt / EquityLower = less leverage | — | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | — | — | ||
| Q4 25 | $623.0K | — | ||
| Q3 25 | $897.0K | $60.9M | ||
| Q2 25 | $3.0M | $54.1M | ||
| Q1 25 | $1.5M | $61.2M | ||
| Q4 24 | $1.5M | $50.6M | ||
| Q3 24 | $2.2M | $54.7M | ||
| Q2 24 | $10.5M | $40.3M |
| Q4 26 | — | — | ||
| 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 |
| Q4 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $470.7M | ||
| Q2 25 | $1.2B | $501.4M | ||
| Q1 25 | $1.0B | $513.1M | ||
| Q4 24 | $1.0B | $524.8M | ||
| Q3 24 | $999.8M | $755.3M | ||
| Q2 24 | $967.2M | $765.0M |
| Q4 26 | $2.2B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.2B | $3.4B | ||
| Q2 24 | $2.2B | $3.4B |
| Q4 26 | — | — | ||
| 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× |
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 | $525.4M | $-64.6M |
| Free Cash FlowOCF − Capex | — | $-70.7M |
| FCF MarginFCF / Revenue | — | -16.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 32.98× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $525.4M | — | ||
| Q4 25 | $79.7M | — | ||
| Q3 25 | $58.4M | $-64.6M | ||
| Q2 25 | $314.8M | $17.8M | ||
| Q1 25 | — | $52.7M | ||
| Q4 24 | $66.2M | $80.3M | ||
| Q3 24 | $47.5M | $4.2M | ||
| Q2 24 | $71.9M | $11.3M |
| Q4 26 | — | — | ||
| Q4 25 | $61.2M | — | ||
| Q3 25 | $39.1M | $-70.7M | ||
| Q2 25 | $293.9M | $11.5M | ||
| Q1 25 | — | $42.4M | ||
| Q4 24 | $39.7M | $71.7M | ||
| Q3 24 | $15.4M | $-679.0K | ||
| Q2 24 | $44.5M | $5.2M |
| Q4 26 | — | — | ||
| Q4 25 | 14.4% | — | ||
| Q3 25 | 9.4% | -16.1% | ||
| Q2 25 | 69.6% | 2.7% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | 9.8% | 13.0% | ||
| Q3 24 | 3.8% | -0.1% | ||
| Q2 24 | 10.8% | 1.2% |
| Q4 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.6% | 1.4% | ||
| Q2 25 | 5.0% | 1.5% | ||
| Q1 25 | 8.5% | 2.4% | ||
| Q4 24 | 6.6% | 1.6% | ||
| Q3 24 | 7.8% | 1.0% | ||
| Q2 24 | 6.6% | 1.4% |
| Q4 26 | 32.98× | — | ||
| Q4 25 | 1.94× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | — | 63.17× | ||
| Q4 24 | 1.97× | — | ||
| Q3 24 | 1.34× | 0.56× | ||
| Q2 24 | 1.82× | 2.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AZZ
| Precoat Metals | $198.6M | 52% |
| Metal Coatings | $186.5M | 48% |
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% |
