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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and AMERICOLD REALTY TRUST (COLD). Click either name above to swap in a different company.

AMERICOLD REALTY TRUST is the larger business by last-quarter revenue ($643.1M vs $439.3M, roughly 1.5× B&G Foods, Inc.). B&G Foods, Inc. runs the higher net margin — -4.4% vs -13.7%, a 9.4% gap on every dollar of revenue. On growth, AMERICOLD REALTY TRUST posted the faster year-over-year revenue change (-0.7% vs -4.7%). AMERICOLD REALTY TRUST produced more free cash flow last quarter ($-12.2M vs $-70.7M). Over the past eight quarters, AMERICOLD REALTY TRUST's revenue compounded faster (-0.6% 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.

Americold Realty Trust, Inc. is an American temperature controlled warehousing and transportation company based in Atlanta, Georgia, United States. It is in the business of modern commercialized temperature controlled warehousing for the storage of perishable goods via a cold chain, one of the forms of food preservation. Americold is the 2nd largest temperature-controlled warehousing and distribution services provider in the world.

BGS vs COLD — Head-to-Head

Bigger by revenue
COLD
COLD
1.5× larger
COLD
$643.1M
$439.3M
BGS
Growing faster (revenue YoY)
COLD
COLD
+4.1% gap
COLD
-0.7%
-4.7%
BGS
Higher net margin
BGS
BGS
9.4% more per $
BGS
-4.4%
-13.7%
COLD
More free cash flow
COLD
COLD
$58.6M more FCF
COLD
$-12.2M
$-70.7M
BGS
Faster 2-yr revenue CAGR
COLD
COLD
Annualised
COLD
-0.6%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
COLD
COLD
Revenue
$439.3M
$643.1M
Net Profit
$-19.1M
$-88.3M
Gross Margin
22.5%
31.3%
Operating Margin
2.5%
-10.8%
Net Margin
-4.4%
-13.7%
Revenue YoY
-4.7%
-0.7%
Net Profit YoY
-356.5%
-143.9%
EPS (diluted)
$-0.24
$-0.31

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
COLD
COLD
Q4 25
$643.1M
Q3 25
$439.3M
$649.0M
Q2 25
$424.4M
$635.1M
Q1 25
$425.4M
$613.7M
Q4 24
$551.6M
$647.4M
Q3 24
$461.1M
$660.4M
Q2 24
$444.6M
$645.6M
Q1 24
$475.2M
$651.4M
Net Profit
BGS
BGS
COLD
COLD
Q4 25
$-88.3M
Q3 25
$-19.1M
$-11.4M
Q2 25
$-9.8M
$1.5M
Q1 25
$835.0K
$-16.4M
Q4 24
$-222.4M
$-36.2M
Q3 24
$7.5M
$-3.7M
Q2 24
$3.9M
$-64.1M
Q1 24
$-40.2M
$9.7M
Gross Margin
BGS
BGS
COLD
COLD
Q4 25
31.3%
Q3 25
22.5%
29.3%
Q2 25
20.5%
30.9%
Q1 25
21.2%
31.1%
Q4 24
21.5%
29.7%
Q3 24
22.2%
29.6%
Q2 24
20.7%
31.0%
Q1 24
22.9%
30.3%
Operating Margin
BGS
BGS
COLD
COLD
Q4 25
-10.8%
Q3 25
2.5%
2.6%
Q2 25
5.2%
5.9%
Q1 25
8.4%
3.6%
Q4 24
-46.6%
-1.8%
Q3 24
11.1%
4.6%
Q2 24
9.9%
9.8%
Q1 24
-3.3%
6.4%
Net Margin
BGS
BGS
COLD
COLD
Q4 25
-13.7%
Q3 25
-4.4%
-1.8%
Q2 25
-2.3%
0.2%
Q1 25
0.2%
-2.7%
Q4 24
-40.3%
-5.6%
Q3 24
1.6%
-0.6%
Q2 24
0.9%
-9.9%
Q1 24
-8.5%
1.5%
EPS (diluted)
BGS
BGS
COLD
COLD
Q4 25
$-0.31
Q3 25
$-0.24
$-0.04
Q2 25
$-0.12
$0.01
Q1 25
$0.01
$-0.06
Q4 24
$-2.81
$-0.12
Q3 24
$0.09
$-0.01
Q2 24
$0.05
$-0.23
Q1 24
$-0.51
$0.03

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
COLD
COLD
Cash + ST InvestmentsLiquidity on hand
$60.9M
$136.9M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$470.7M
$2.9B
Total Assets
$2.9B
$8.1B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
COLD
COLD
Q4 25
$136.9M
Q3 25
$60.9M
$33.3M
Q2 25
$54.1M
$101.4M
Q1 25
$61.2M
$38.9M
Q4 24
$50.6M
$47.7M
Q3 24
$54.7M
$61.3M
Q2 24
$40.3M
$44.2M
Q1 24
$42.5M
$59.2M
Total Debt
BGS
BGS
COLD
COLD
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
COLD
COLD
Q4 25
$2.9B
Q3 25
$470.7M
$3.0B
Q2 25
$501.4M
$3.1B
Q1 25
$513.1M
$3.2B
Q4 24
$524.8M
$3.3B
Q3 24
$755.3M
$3.4B
Q2 24
$765.0M
$3.4B
Q1 24
$781.2M
$3.6B
Total Assets
BGS
BGS
COLD
COLD
Q4 25
$8.1B
Q3 25
$2.9B
$8.1B
Q2 25
$2.9B
$8.1B
Q1 25
$3.0B
$7.8B
Q4 24
$3.0B
$7.7B
Q3 24
$3.4B
$7.9B
Q2 24
$3.4B
$7.8B
Q1 24
$3.4B
$7.8B
Debt / Equity
BGS
BGS
COLD
COLD
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
COLD
COLD
Operating Cash FlowLast quarter
$-64.6M
$130.2M
Free Cash FlowOCF − Capex
$-70.7M
$-12.2M
FCF MarginFCF / Revenue
-16.1%
-1.9%
Capex IntensityCapex / Revenue
1.4%
22.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$-217.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
COLD
COLD
Q4 25
$130.2M
Q3 25
$-64.6M
$78.9M
Q2 25
$17.8M
$120.3M
Q1 25
$52.7M
$30.2M
Q4 24
$80.3M
$162.6M
Q3 24
$4.2M
$50.6M
Q2 24
$11.3M
$136.7M
Q1 24
$35.1M
$62.0M
Free Cash Flow
BGS
BGS
COLD
COLD
Q4 25
$-12.2M
Q3 25
$-70.7M
$-65.4M
Q2 25
$11.5M
$-57.4M
Q1 25
$42.4M
$-82.3M
Q4 24
$71.7M
$57.4M
Q3 24
$-679.0K
$-44.5M
Q2 24
$5.2M
$73.3M
Q1 24
$27.5M
$16.2M
FCF Margin
BGS
BGS
COLD
COLD
Q4 25
-1.9%
Q3 25
-16.1%
-10.1%
Q2 25
2.7%
-9.0%
Q1 25
10.0%
-13.4%
Q4 24
13.0%
8.9%
Q3 24
-0.1%
-6.7%
Q2 24
1.2%
11.4%
Q1 24
5.8%
2.5%
Capex Intensity
BGS
BGS
COLD
COLD
Q4 25
22.1%
Q3 25
1.4%
22.2%
Q2 25
1.5%
28.0%
Q1 25
2.4%
18.3%
Q4 24
1.6%
16.3%
Q3 24
1.0%
14.4%
Q2 24
1.4%
9.8%
Q1 24
1.6%
7.0%
Cash Conversion
BGS
BGS
COLD
COLD
Q4 25
Q3 25
Q2 25
78.18×
Q1 25
63.17×
Q4 24
Q3 24
0.56×
Q2 24
2.87×
Q1 24
6.36×

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%

COLD
COLD

Warehouse Services$269.0M42%
Warehouse Rent And Storage$199.9M31%
Other Facilities Costs$60.0M9%
Transportation Segment$48.3M8%
Power$34.7M5%
Transportation$22.0M3%
Third Party Managed Segment$9.5M1%
Third Party Managed$2.4M0%

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