vs
Side-by-side financial comparison of B&G Foods, Inc. (BGS) and BILL Holdings, Inc. (BILL). 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 $414.7M, roughly 1.1× BILL Holdings, Inc.). BILL Holdings, Inc. runs the higher net margin — -0.6% vs -4.4%, a 3.7% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs -4.7%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-70.7M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -12.8%).
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.
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
BGS vs BILL — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $414.7M |
| Net Profit | $-19.1M | $-2.6M |
| Gross Margin | 22.5% | 79.8% |
| Operating Margin | 2.5% | -4.4% |
| Net Margin | -4.4% | -0.6% |
| Revenue YoY | -4.7% | 14.4% |
| Net Profit YoY | -356.5% | -107.7% |
| EPS (diluted) | $-0.24 | $-0.03 |
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 | — | $414.7M | ||
| Q3 25 | $439.3M | $395.7M | ||
| Q2 25 | $424.4M | $383.3M | ||
| Q1 25 | $425.4M | $358.2M | ||
| Q4 24 | $551.6M | $362.6M | ||
| Q3 24 | $461.1M | $358.4M | ||
| Q2 24 | $444.6M | $343.7M | ||
| Q1 24 | $475.2M | $323.0M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-19.1M | $-3.0M | ||
| Q2 25 | $-9.8M | $-7.1M | ||
| Q1 25 | $835.0K | $-11.6M | ||
| Q4 24 | $-222.4M | $33.5M | ||
| Q3 24 | $7.5M | $8.9M | ||
| Q2 24 | $3.9M | $7.6M | ||
| Q1 24 | $-40.2M | $31.8M |
| Q4 25 | — | 79.8% | ||
| Q3 25 | 22.5% | 80.5% | ||
| Q2 25 | 20.5% | 80.8% | ||
| Q1 25 | 21.2% | 81.2% | ||
| Q4 24 | 21.5% | 81.6% | ||
| Q3 24 | 22.2% | 82.0% | ||
| Q2 24 | 20.7% | 81.0% | ||
| Q1 24 | 22.9% | 83.0% |
| Q4 25 | — | -4.4% | ||
| Q3 25 | 2.5% | -5.2% | ||
| Q2 25 | 5.2% | -5.8% | ||
| Q1 25 | 8.4% | -8.1% | ||
| Q4 24 | -46.6% | -6.0% | ||
| Q3 24 | 11.1% | -2.1% | ||
| Q2 24 | 9.9% | -6.5% | ||
| Q1 24 | -3.3% | -8.6% |
| Q4 25 | — | -0.6% | ||
| Q3 25 | -4.4% | -0.7% | ||
| Q2 25 | -2.3% | -1.8% | ||
| Q1 25 | 0.2% | -3.2% | ||
| Q4 24 | -40.3% | 9.3% | ||
| Q3 24 | 1.6% | 2.5% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | -8.5% | 9.8% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $-0.24 | $-0.03 | ||
| Q2 25 | $-0.12 | $0.02 | ||
| Q1 25 | $0.01 | $-0.11 | ||
| Q4 24 | $-2.81 | $-0.06 | ||
| Q3 24 | $0.09 | $0.08 | ||
| Q2 24 | $0.05 | $0.37 | ||
| Q1 24 | $-0.51 | $0.00 |
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 | $1.1B |
| Total DebtLower is stronger | $2.0B | $1.8B |
| Stockholders' EquityBook value | $470.7M | $3.8B |
| Total Assets | $2.9B | $10.1B |
| Debt / EquityLower = less leverage | 4.30× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $60.9M | $1.1B | ||
| Q2 25 | $54.1M | $1.0B | ||
| Q1 25 | $61.2M | $1.0B | ||
| Q4 24 | $50.6M | $1.6B | ||
| Q3 24 | $54.7M | $853.5M | ||
| Q2 24 | $40.3M | $985.9M | ||
| Q1 24 | $42.5M | $952.5M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $2.0B | $1.9B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.1B | $914.8M | ||
| Q2 24 | $2.0B | $914.0M | ||
| Q1 24 | $2.0B | $1.1B |
| Q4 25 | — | $3.8B | ||
| Q3 25 | $470.7M | $3.9B | ||
| Q2 25 | $501.4M | $3.9B | ||
| Q1 25 | $513.1M | $3.9B | ||
| Q4 24 | $524.8M | $3.8B | ||
| Q3 24 | $755.3M | $4.0B | ||
| Q2 24 | $765.0M | $4.1B | ||
| Q1 24 | $781.2M | $4.1B |
| Q4 25 | — | $10.1B | ||
| Q3 25 | $2.9B | $10.2B | ||
| Q2 25 | $2.9B | $10.1B | ||
| Q1 25 | $3.0B | $9.6B | ||
| Q4 24 | $3.0B | $9.7B | ||
| Q3 24 | $3.4B | $9.0B | ||
| Q2 24 | $3.4B | $9.2B | ||
| Q1 24 | $3.4B | $9.1B |
| Q4 25 | — | 0.48× | ||
| Q3 25 | 4.30× | 0.48× | ||
| Q2 25 | 3.97× | 0.44× | ||
| Q1 25 | 3.91× | 0.43× | ||
| Q4 24 | 3.85× | 0.44× | ||
| Q3 24 | 2.75× | 0.23× | ||
| Q2 24 | 2.67× | 0.22× | ||
| Q1 24 | 2.61× | 0.28× |
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 | $-64.6M | $105.3M |
| Free Cash FlowOCF − Capex | $-70.7M | $103.8M |
| FCF MarginFCF / Revenue | -16.1% | 25.0% |
| Capex IntensityCapex / Revenue | 1.4% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $105.3M | ||
| Q3 25 | $-64.6M | $96.9M | ||
| Q2 25 | $17.8M | $83.8M | ||
| Q1 25 | $52.7M | $99.5M | ||
| Q4 24 | $80.3M | $78.7M | ||
| Q3 24 | $4.2M | $88.6M | ||
| Q2 24 | $11.3M | $78.6M | ||
| Q1 24 | $35.1M | $66.8M |
| Q4 25 | — | $103.8M | ||
| Q3 25 | $-70.7M | $95.6M | ||
| Q2 25 | $11.5M | $81.0M | ||
| Q1 25 | $42.4M | $98.4M | ||
| Q4 24 | $71.7M | $78.3M | ||
| Q3 24 | $-679.0K | $88.6M | ||
| Q2 24 | $5.2M | $78.4M | ||
| Q1 24 | $27.5M | $66.8M |
| Q4 25 | — | 25.0% | ||
| Q3 25 | -16.1% | 24.1% | ||
| Q2 25 | 2.7% | 21.1% | ||
| Q1 25 | 10.0% | 27.5% | ||
| Q4 24 | 13.0% | 21.6% | ||
| Q3 24 | -0.1% | 24.7% | ||
| Q2 24 | 1.2% | 22.8% | ||
| Q1 24 | 5.8% | 20.7% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 1.4% | 0.3% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 2.4% | 0.3% | ||
| Q4 24 | 1.6% | 0.1% | ||
| Q3 24 | 1.0% | 0.0% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 1.6% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 0.56× | 9.94× | ||
| Q2 24 | 2.87× | 10.35× | ||
| Q1 24 | — | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
