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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Boot Barn Holdings, Inc. (BOOT). Click either name above to swap in a different company.

Boot Barn Holdings, Inc. is the larger business by last-quarter revenue ($705.6M vs $439.3M, roughly 1.6× B&G Foods, Inc.). Boot Barn Holdings, Inc. runs the higher net margin — 12.2% vs -4.4%, a 16.5% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs -4.7%). Boot Barn Holdings, Inc. produced more free cash flow last quarter ($148.0M vs $-70.7M). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% 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.

Henry Boot plc is a British property development business based in Sheffield, England. It was floated on the London Stock Exchange in 1919, becoming the first quoted housebuilder. Between the wars, Henry Boot built more houses than any other company. The company remains a significant construction and property management company operating in the UK.

BGS vs BOOT — Head-to-Head

Bigger by revenue
BOOT
BOOT
1.6× larger
BOOT
$705.6M
$439.3M
BGS
Growing faster (revenue YoY)
BOOT
BOOT
+20.7% gap
BOOT
16.0%
-4.7%
BGS
Higher net margin
BOOT
BOOT
16.5% more per $
BOOT
12.2%
-4.4%
BGS
More free cash flow
BOOT
BOOT
$218.7M more FCF
BOOT
$148.0M
$-70.7M
BGS
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
BGS
BGS
BOOT
BOOT
Revenue
$439.3M
$705.6M
Net Profit
$-19.1M
$85.8M
Gross Margin
22.5%
39.9%
Operating Margin
2.5%
16.3%
Net Margin
-4.4%
12.2%
Revenue YoY
-4.7%
16.0%
Net Profit YoY
-356.5%
14.3%
EPS (diluted)
$-0.24
$2.79

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.

Revenue
BGS
BGS
BOOT
BOOT
Q4 25
$705.6M
Q3 25
$439.3M
$505.4M
Q2 25
$424.4M
$504.1M
Q1 25
$425.4M
$453.7M
Q4 24
$551.6M
$608.2M
Q3 24
$461.1M
$425.8M
Q2 24
$444.6M
$423.4M
Q1 24
$475.2M
$388.5M
Net Profit
BGS
BGS
BOOT
BOOT
Q4 25
$85.8M
Q3 25
$-19.1M
$42.2M
Q2 25
$-9.8M
$53.4M
Q1 25
$835.0K
$37.5M
Q4 24
$-222.4M
$75.1M
Q3 24
$7.5M
$29.4M
Q2 24
$3.9M
$38.9M
Q1 24
$-40.2M
$29.4M
Gross Margin
BGS
BGS
BOOT
BOOT
Q4 25
39.9%
Q3 25
22.5%
36.4%
Q2 25
20.5%
39.1%
Q1 25
21.2%
37.1%
Q4 24
21.5%
39.3%
Q3 24
22.2%
35.9%
Q2 24
20.7%
37.0%
Q1 24
22.9%
35.9%
Operating Margin
BGS
BGS
BOOT
BOOT
Q4 25
16.3%
Q3 25
2.5%
11.2%
Q2 25
5.2%
14.0%
Q1 25
8.4%
11.0%
Q4 24
-46.6%
16.4%
Q3 24
11.1%
9.4%
Q2 24
9.9%
11.9%
Q1 24
-3.3%
9.8%
Net Margin
BGS
BGS
BOOT
BOOT
Q4 25
12.2%
Q3 25
-4.4%
8.4%
Q2 25
-2.3%
10.6%
Q1 25
0.2%
8.3%
Q4 24
-40.3%
12.3%
Q3 24
1.6%
6.9%
Q2 24
0.9%
9.2%
Q1 24
-8.5%
7.6%
EPS (diluted)
BGS
BGS
BOOT
BOOT
Q4 25
$2.79
Q3 25
$-0.24
$1.37
Q2 25
$-0.12
$1.74
Q1 25
$0.01
$1.24
Q4 24
$-2.81
$2.43
Q3 24
$0.09
$0.95
Q2 24
$0.05
$1.26
Q1 24
$-0.51
$0.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BGS
BGS
BOOT
BOOT
Cash + ST InvestmentsLiquidity on hand
$60.9M
$200.1M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$470.7M
$1.3B
Total Assets
$2.9B
$2.4B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
BOOT
BOOT
Q4 25
$200.1M
Q3 25
$60.9M
$64.7M
Q2 25
$54.1M
$95.3M
Q1 25
$61.2M
$69.8M
Q4 24
$50.6M
$152.9M
Q3 24
$54.7M
$37.4M
Q2 24
$40.3M
$83.4M
Q1 24
$42.5M
$75.8M
Total Debt
BGS
BGS
BOOT
BOOT
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
Q1 24
$2.0B
Stockholders' Equity
BGS
BGS
BOOT
BOOT
Q4 25
$1.3B
Q3 25
$470.7M
$1.2B
Q2 25
$501.4M
$1.2B
Q1 25
$513.1M
$1.1B
Q4 24
$524.8M
$1.1B
Q3 24
$755.3M
$1.0B
Q2 24
$765.0M
$981.8M
Q1 24
$781.2M
$943.6M
Total Assets
BGS
BGS
BOOT
BOOT
Q4 25
$2.4B
Q3 25
$2.9B
$2.3B
Q2 25
$2.9B
$2.1B
Q1 25
$3.0B
$2.0B
Q4 24
$3.0B
$2.0B
Q3 24
$3.4B
$1.9B
Q2 24
$3.4B
$1.8B
Q1 24
$3.4B
$1.7B
Debt / Equity
BGS
BGS
BOOT
BOOT
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×
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
BGS
BGS
BOOT
BOOT
Operating Cash FlowLast quarter
$-64.6M
$209.7M
Free Cash FlowOCF − Capex
$-70.7M
$148.0M
FCF MarginFCF / Revenue
-16.1%
21.0%
Capex IntensityCapex / Revenue
1.4%
8.7%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
BOOT
BOOT
Q4 25
$209.7M
Q3 25
$-64.6M
$25.7M
Q2 25
$17.8M
$73.8M
Q1 25
$52.7M
$-43.1M
Q4 24
$80.3M
$157.1M
Q3 24
$4.2M
$-7.8M
Q2 24
$11.3M
$41.3M
Q1 24
$35.1M
Free Cash Flow
BGS
BGS
BOOT
BOOT
Q4 25
$148.0M
Q3 25
$-70.7M
$-17.5M
Q2 25
$11.5M
$42.4M
Q1 25
$42.4M
$-83.1M
Q4 24
$71.7M
$114.2M
Q3 24
$-679.0K
$-46.1M
Q2 24
$5.2M
$14.2M
Q1 24
$27.5M
FCF Margin
BGS
BGS
BOOT
BOOT
Q4 25
21.0%
Q3 25
-16.1%
-3.5%
Q2 25
2.7%
8.4%
Q1 25
10.0%
-18.3%
Q4 24
13.0%
18.8%
Q3 24
-0.1%
-10.8%
Q2 24
1.2%
3.4%
Q1 24
5.8%
Capex Intensity
BGS
BGS
BOOT
BOOT
Q4 25
8.7%
Q3 25
1.4%
8.6%
Q2 25
1.5%
6.2%
Q1 25
2.4%
8.8%
Q4 24
1.6%
7.1%
Q3 24
1.0%
9.0%
Q2 24
1.4%
6.4%
Q1 24
1.6%
Cash Conversion
BGS
BGS
BOOT
BOOT
Q4 25
2.44×
Q3 25
0.61×
Q2 25
1.38×
Q1 25
63.17×
-1.15×
Q4 24
2.09×
Q3 24
0.56×
-0.26×
Q2 24
2.87×
1.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGS
BGS

Specialty Segment$150.5M34%
Meals Segment$110.0M25%
Spices And Flavor Solutions Segment$101.4M23%
Frozen And Vegetables Segment$77.4M18%

BOOT
BOOT

Segment breakdown not available.

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