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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $439.3M, roughly 1.1× B&G Foods, Inc.). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs -4.4%, a 34.1% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs -4.7%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% 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.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
BGS vs CBSH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $475.7M |
| Net Profit | $-19.1M | $141.6M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | — |
| Net Margin | -4.4% | 29.8% |
| Revenue YoY | -4.7% | 11.1% |
| Net Profit YoY | -356.5% | 10.5% |
| EPS (diluted) | $-0.24 | $0.96 |
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.
| Q1 26 | — | $475.7M | ||
| Q4 25 | — | $449.4M | ||
| Q3 25 | $439.3M | $441.0M | ||
| Q2 25 | $424.4M | $445.8M | ||
| Q1 25 | $425.4M | $428.1M | ||
| Q4 24 | $551.6M | $422.1M | ||
| Q3 24 | $461.1M | $421.4M | ||
| Q2 24 | $444.6M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | — | $140.7M | ||
| Q3 25 | $-19.1M | $141.5M | ||
| Q2 25 | $-9.8M | $152.5M | ||
| Q1 25 | $835.0K | $131.6M | ||
| Q4 24 | $-222.4M | $136.1M | ||
| Q3 24 | $7.5M | $138.0M | ||
| Q2 24 | $3.9M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 20.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.8% | ||
| Q3 25 | 2.5% | 41.9% | ||
| Q2 25 | 5.2% | 44.0% | ||
| Q1 25 | 8.4% | 39.2% | ||
| Q4 24 | -46.6% | 41.2% | ||
| Q3 24 | 11.1% | 42.4% | ||
| Q2 24 | 9.9% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | — | 31.3% | ||
| Q3 25 | -4.4% | 32.1% | ||
| Q2 25 | -2.3% | 34.2% | ||
| Q1 25 | 0.2% | 30.7% | ||
| Q4 24 | -40.3% | 32.2% | ||
| Q3 24 | 1.6% | 32.8% | ||
| Q2 24 | 0.9% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | — | $0.86 | ||
| Q3 25 | $-0.24 | $1.06 | ||
| Q2 25 | $-0.12 | $1.14 | ||
| Q1 25 | $0.01 | $0.98 | ||
| Q4 24 | $-2.81 | $0.83 | ||
| Q3 24 | $0.09 | $1.01 | ||
| Q2 24 | $0.05 | $1.03 |
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 | $4.3B |
| Total Assets | $2.9B | $35.7B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| 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 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 | — |
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | $470.7M | $3.8B | ||
| Q2 25 | $501.4M | $3.6B | ||
| Q1 25 | $513.1M | $3.5B | ||
| Q4 24 | $524.8M | $3.3B | ||
| Q3 24 | $755.3M | $3.4B | ||
| Q2 24 | $765.0M | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | — | $32.9B | ||
| Q3 25 | $2.9B | $32.3B | ||
| Q2 25 | $2.9B | $32.3B | ||
| Q1 25 | $3.0B | $32.4B | ||
| Q4 24 | $3.0B | $32.0B | ||
| Q3 24 | $3.4B | $31.5B | ||
| Q2 24 | $3.4B | $30.6B |
| Q1 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 | $-64.6M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $645.1M | ||
| Q3 25 | $-64.6M | $129.0M | ||
| Q2 25 | $17.8M | $111.2M | ||
| Q1 25 | $52.7M | $138.6M | ||
| Q4 24 | $80.3M | $577.9M | ||
| Q3 24 | $4.2M | $431.7M | ||
| Q2 24 | $11.3M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $592.4M | ||
| Q3 25 | $-70.7M | $113.3M | ||
| Q2 25 | $11.5M | $100.5M | ||
| Q1 25 | $42.4M | $126.0M | ||
| Q4 24 | $71.7M | $531.7M | ||
| Q3 24 | $-679.0K | $419.1M | ||
| Q2 24 | $5.2M | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 131.8% | ||
| Q3 25 | -16.1% | 25.7% | ||
| Q2 25 | 2.7% | 22.5% | ||
| Q1 25 | 10.0% | 29.4% | ||
| Q4 24 | 13.0% | 126.0% | ||
| Q3 24 | -0.1% | 99.5% | ||
| Q2 24 | 1.2% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | 1.4% | 3.6% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 2.4% | 2.9% | ||
| Q4 24 | 1.6% | 10.9% | ||
| Q3 24 | 1.0% | 3.0% | ||
| Q2 24 | 1.4% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.59× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 63.17× | 1.05× | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | 0.56× | 3.13× | ||
| Q2 24 | 2.87× | 1.06× |
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% |
CBSH
Segment breakdown not available.
