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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and BELLRING BRANDS, INC. (BRBR). Click either name above to swap in a different company.
BELLRING BRANDS, INC. is the larger business by last-quarter revenue ($537.3M vs $439.3M, roughly 1.2× B&G Foods, Inc.). BELLRING BRANDS, INC. runs the higher net margin — 8.1% vs -4.4%, a 12.5% gap on every dollar of revenue. On growth, BELLRING BRANDS, INC. posted the faster year-over-year revenue change (0.8% vs -4.7%). BELLRING BRANDS, INC. produced more free cash flow last quarter ($-7.3M vs $-70.7M). Over the past eight quarters, BELLRING BRANDS, INC.'s revenue compounded faster (4.2% 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.
Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.
BGS vs BRBR — Head-to-Head
Income Statement — Q3 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $537.3M |
| Net Profit | $-19.1M | $43.7M |
| Gross Margin | 22.5% | 29.9% |
| Operating Margin | 2.5% | 14.6% |
| Net Margin | -4.4% | 8.1% |
| Revenue YoY | -4.7% | 0.8% |
| Net Profit YoY | -356.5% | -43.2% |
| EPS (diluted) | $-0.24 | $0.36 |
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 | — | $537.3M | ||
| Q3 25 | $439.3M | $648.2M | ||
| Q2 25 | $424.4M | $547.5M | ||
| Q1 25 | $425.4M | $588.0M | ||
| Q4 24 | $551.6M | $532.9M | ||
| Q3 24 | $461.1M | $555.8M | ||
| Q2 24 | $444.6M | $515.4M | ||
| Q1 24 | $475.2M | $494.6M |
| Q4 25 | — | $43.7M | ||
| Q3 25 | $-19.1M | $59.6M | ||
| Q2 25 | $-9.8M | $21.0M | ||
| Q1 25 | $835.0K | $58.7M | ||
| Q4 24 | $-222.4M | $76.9M | ||
| Q3 24 | $7.5M | $71.7M | ||
| Q2 24 | $3.9M | $73.7M | ||
| Q1 24 | $-40.2M | $57.2M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | 22.5% | 28.9% | ||
| Q2 25 | 20.5% | 35.4% | ||
| Q1 25 | 21.2% | 32.3% | ||
| Q4 24 | 21.5% | 37.5% | ||
| Q3 24 | 22.2% | 36.9% | ||
| Q2 24 | 20.7% | 36.8% | ||
| Q1 24 | 22.9% | 33.2% |
| Q4 25 | — | 14.6% | ||
| Q3 25 | 2.5% | 15.8% | ||
| Q2 25 | 5.2% | 8.2% | ||
| Q1 25 | 8.4% | 16.2% | ||
| Q4 24 | -46.6% | 21.6% | ||
| Q3 24 | 11.1% | 20.2% | ||
| Q2 24 | 9.9% | 21.7% | ||
| Q1 24 | -3.3% | 18.4% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | -4.4% | 9.2% | ||
| Q2 25 | -2.3% | 3.8% | ||
| Q1 25 | 0.2% | 10.0% | ||
| Q4 24 | -40.3% | 14.4% | ||
| Q3 24 | 1.6% | 12.9% | ||
| Q2 24 | 0.9% | 14.3% | ||
| Q1 24 | -8.5% | 11.6% |
| Q4 25 | — | $0.36 | ||
| Q3 25 | $-0.24 | $0.48 | ||
| Q2 25 | $-0.12 | $0.16 | ||
| Q1 25 | $0.01 | $0.45 | ||
| Q4 24 | $-2.81 | $0.59 | ||
| Q3 24 | $0.09 | $0.54 | ||
| Q2 24 | $0.05 | $0.56 | ||
| Q1 24 | $-0.51 | $0.43 |
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 | $64.1M |
| Total DebtLower is stronger | $2.0B | $1.2B |
| Stockholders' EquityBook value | $470.7M | $-510.7M |
| Total Assets | $2.9B | $1.1B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $64.1M | ||
| Q3 25 | $60.9M | $71.8M | ||
| Q2 25 | $54.1M | $43.7M | ||
| Q1 25 | $61.2M | $28.1M | ||
| Q4 24 | $50.6M | $49.6M | ||
| Q3 24 | $54.7M | $70.8M | ||
| Q2 24 | $40.3M | $72.6M | ||
| Q1 24 | $42.5M | $79.3M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $2.0B | $953.7M | ||
| Q4 24 | $2.0B | $833.4M | ||
| Q3 24 | $2.1B | $833.1M | ||
| Q2 24 | $2.0B | $832.7M | ||
| Q1 24 | $2.0B | $832.4M |
| Q4 25 | — | $-510.7M | ||
| Q3 25 | $470.7M | $-453.9M | ||
| Q2 25 | $501.4M | $-309.9M | ||
| Q1 25 | $513.1M | $-254.1M | ||
| Q4 24 | $524.8M | $-146.6M | ||
| Q3 24 | $755.3M | $-205.9M | ||
| Q2 24 | $765.0M | $-243.2M | ||
| Q1 24 | $781.2M | $-247.7M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.9B | $941.0M | ||
| Q2 25 | $2.9B | $993.7M | ||
| Q1 25 | $3.0B | $947.5M | ||
| Q4 24 | $3.0B | $885.2M | ||
| Q3 24 | $3.4B | $837.0M | ||
| Q2 24 | $3.4B | $804.1M | ||
| Q1 24 | $3.4B | $765.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-64.6M | $-3.1M |
| Free Cash FlowOCF − Capex | $-70.7M | $-7.3M |
| FCF MarginFCF / Revenue | -16.1% | -1.4% |
| Capex IntensityCapex / Revenue | 1.4% | 0.8% |
| Cash ConversionOCF / Net Profit | — | -0.07× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $246.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.1M | ||
| Q3 25 | $-64.6M | $169.1M | ||
| Q2 25 | $17.8M | $40.3M | ||
| Q1 25 | $52.7M | $48.2M | ||
| Q4 24 | $80.3M | $3.0M | ||
| Q3 24 | $4.2M | $40.1M | ||
| Q2 24 | $11.3M | $69.0M | ||
| Q1 24 | $35.1M | $16.3M |
| Q4 25 | — | $-7.3M | ||
| Q3 25 | $-70.7M | $168.1M | ||
| Q2 25 | $11.5M | $38.5M | ||
| Q1 25 | $42.4M | $47.6M | ||
| Q4 24 | $71.7M | $1.7M | ||
| Q3 24 | $-679.0K | $38.9M | ||
| Q2 24 | $5.2M | $68.9M | ||
| Q1 24 | $27.5M | $16.0M |
| Q4 25 | — | -1.4% | ||
| Q3 25 | -16.1% | 25.9% | ||
| Q2 25 | 2.7% | 7.0% | ||
| Q1 25 | 10.0% | 8.1% | ||
| Q4 24 | 13.0% | 0.3% | ||
| Q3 24 | -0.1% | 7.0% | ||
| Q2 24 | 1.2% | 13.4% | ||
| Q1 24 | 5.8% | 3.2% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 1.0% | 0.2% | ||
| Q2 24 | 1.4% | 0.0% | ||
| Q1 24 | 1.6% | 0.1% |
| Q4 25 | — | -0.07× | ||
| Q3 25 | — | 2.84× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 63.17× | 0.82× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 0.56× | 0.56× | ||
| Q2 24 | 2.87× | 0.94× | ||
| Q1 24 | — | 0.28× |
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% |
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
