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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Borealis Foods Inc. (BRLS). 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 $7.1M, roughly 61.8× Borealis Foods Inc.). B&G Foods, Inc. runs the higher net margin — -4.4% vs -53.2%, a 48.9% gap on every dollar of revenue. On growth, B&G Foods, Inc. posted the faster year-over-year revenue change (-4.7% vs -12.0%). Over the past eight quarters, Borealis Foods Inc.'s revenue compounded faster (-2.4% 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.
Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.
BGS vs BRLS — Head-to-Head
Income Statement — Q3 2026 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $7.1M |
| Net Profit | $-19.1M | $-3.8M |
| Gross Margin | 22.5% | 14.6% |
| Operating Margin | 2.5% | -27.1% |
| Net Margin | -4.4% | -53.2% |
| Revenue YoY | -4.7% | -12.0% |
| Net Profit YoY | -356.5% | 21.8% |
| EPS (diluted) | $-0.24 | $-0.18 |
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.
| Q3 25 | $439.3M | $7.1M | ||
| Q2 25 | $424.4M | $7.2M | ||
| Q1 25 | $425.4M | $6.8M | ||
| Q4 24 | $551.6M | $6.8M | ||
| Q3 24 | $461.1M | $8.1M | ||
| Q2 24 | $444.6M | $5.5M | ||
| Q1 24 | $475.2M | $7.9M | ||
| Q4 23 | $578.1M | $7.5M |
| Q3 25 | $-19.1M | $-3.8M | ||
| Q2 25 | $-9.8M | $-4.6M | ||
| Q1 25 | $835.0K | $-4.2M | ||
| Q4 24 | $-222.4M | $-5.8M | ||
| Q3 24 | $7.5M | $-4.8M | ||
| Q2 24 | $3.9M | $-6.3M | ||
| Q1 24 | $-40.2M | $-8.4M | ||
| Q4 23 | $2.6M | $-6.7M |
| Q3 25 | 22.5% | 14.6% | ||
| Q2 25 | 20.5% | 7.2% | ||
| Q1 25 | 21.2% | 13.1% | ||
| Q4 24 | 21.5% | 3.7% | ||
| Q3 24 | 22.2% | 15.8% | ||
| Q2 24 | 20.7% | 7.7% | ||
| Q1 24 | 22.9% | 3.1% | ||
| Q4 23 | 21.7% | 7.5% |
| Q3 25 | 2.5% | -27.1% | ||
| Q2 25 | 5.2% | -46.7% | ||
| Q1 25 | 8.4% | -42.6% | ||
| Q4 24 | -46.6% | -68.4% | ||
| Q3 24 | 11.1% | -44.8% | ||
| Q2 24 | 9.9% | -94.8% | ||
| Q1 24 | -3.3% | -88.3% | ||
| Q4 23 | 7.2% | -60.5% |
| Q3 25 | -4.4% | -53.2% | ||
| Q2 25 | -2.3% | -64.0% | ||
| Q1 25 | 0.2% | -61.2% | ||
| Q4 24 | -40.3% | -85.3% | ||
| Q3 24 | 1.6% | -59.8% | ||
| Q2 24 | 0.9% | -115.0% | ||
| Q1 24 | -8.5% | -106.8% | ||
| Q4 23 | 0.4% | -89.3% |
| Q3 25 | $-0.24 | $-0.18 | ||
| Q2 25 | $-0.12 | $0.21 | ||
| Q1 25 | $0.01 | $-0.20 | ||
| Q4 24 | $-2.81 | $-0.82 | ||
| Q3 24 | $0.09 | $-0.23 | ||
| Q2 24 | $0.05 | $0.29 | ||
| Q1 24 | $-0.51 | $-0.49 | ||
| Q4 23 | $0.02 | $-0.63 |
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 | $470.7M | $-12.9M |
| Total Assets | $2.9B | $56.3M |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $60.9M | — | ||
| Q2 25 | $54.1M | — | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $50.6M | — | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $42.5M | — | ||
| Q4 23 | $41.1M | — |
| 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 | — | ||
| Q4 23 | $2.0B | — |
| Q3 25 | $470.7M | $-12.9M | ||
| Q2 25 | $501.4M | $-9.2M | ||
| Q1 25 | $513.1M | $-4.8M | ||
| Q4 24 | $524.8M | $-695.9K | ||
| Q3 24 | $755.3M | $5.1M | ||
| Q2 24 | $765.0M | $9.9M | ||
| Q1 24 | $781.2M | $16.2M | ||
| Q4 23 | $835.5M | $-21.3M |
| Q3 25 | $2.9B | $56.3M | ||
| Q2 25 | $2.9B | $57.3M | ||
| Q1 25 | $3.0B | $58.4M | ||
| Q4 24 | $3.0B | $60.0M | ||
| Q3 24 | $3.4B | $61.9M | ||
| Q2 24 | $3.4B | $63.6M | ||
| Q1 24 | $3.4B | $70.3M | ||
| Q4 23 | $3.5B | $65.8M |
| 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× | — | ||
| Q4 23 | 2.45× | — |
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 | $-190.6K |
| Free Cash FlowOCF − Capex | $-70.7M | — |
| FCF MarginFCF / Revenue | -16.1% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-64.6M | $-190.6K | ||
| Q2 25 | $17.8M | $-2.2M | ||
| Q1 25 | $52.7M | $-1.4M | ||
| Q4 24 | $80.3M | $-819.4K | ||
| Q3 24 | $4.2M | $-3.3M | ||
| Q2 24 | $11.3M | $-4.2M | ||
| Q1 24 | $35.1M | $-6.8M | ||
| Q4 23 | $92.1M | $-1.9M |
| Q3 25 | $-70.7M | — | ||
| Q2 25 | $11.5M | — | ||
| Q1 25 | $42.4M | $-1.4M | ||
| Q4 24 | $71.7M | $-951.6K | ||
| Q3 24 | $-679.0K | $-3.7M | ||
| Q2 24 | $5.2M | $-4.7M | ||
| Q1 24 | $27.5M | $-7.3M | ||
| Q4 23 | $83.3M | $-2.9M |
| Q3 25 | -16.1% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 10.0% | -20.3% | ||
| Q4 24 | 13.0% | -14.1% | ||
| Q3 24 | -0.1% | -46.1% | ||
| Q2 24 | 1.2% | -86.7% | ||
| Q1 24 | 5.8% | -92.7% | ||
| Q4 23 | 14.4% | -38.9% |
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 1.6% | 2.0% | ||
| Q3 24 | 1.0% | 5.6% | ||
| Q2 24 | 1.4% | 9.4% | ||
| Q1 24 | 1.6% | 7.0% | ||
| Q4 23 | 1.5% | 12.7% |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 35.76× | — |
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% |
BRLS
Segment breakdown not available.
