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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and CSW INDUSTRIALS, INC. (CSW). 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 $233.0M, roughly 1.9× CSW INDUSTRIALS, INC.). CSW INDUSTRIALS, INC. runs the higher net margin — 4.4% vs -4.4%, a 8.8% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs -4.7%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $-70.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% 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.
BGS vs CSW — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $233.0M |
| Net Profit | $-19.1M | $10.3M |
| Gross Margin | 22.5% | 39.7% |
| Operating Margin | 2.5% | 7.4% |
| Net Margin | -4.4% | 4.4% |
| Revenue YoY | -4.7% | 20.3% |
| Net Profit YoY | -356.5% | -61.9% |
| EPS (diluted) | $-0.24 | $0.62 |
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 | — | $233.0M | ||
| Q3 25 | $439.3M | $277.0M | ||
| Q2 25 | $424.4M | $263.6M | ||
| Q1 25 | $425.4M | $230.5M | ||
| Q4 24 | $551.6M | $193.6M | ||
| Q3 24 | $461.1M | $227.9M | ||
| Q2 24 | $444.6M | $226.2M | ||
| Q1 24 | $475.2M | $210.9M |
| Q4 25 | — | $10.3M | ||
| Q3 25 | $-19.1M | $40.7M | ||
| Q2 25 | $-9.8M | $40.9M | ||
| Q1 25 | $835.0K | $35.1M | ||
| Q4 24 | $-222.4M | $26.9M | ||
| Q3 24 | $7.5M | $36.1M | ||
| Q2 24 | $3.9M | $38.6M | ||
| Q1 24 | $-40.2M | $31.8M |
| Q4 25 | — | 39.7% | ||
| Q3 25 | 22.5% | 43.0% | ||
| Q2 25 | 20.5% | 43.8% | ||
| Q1 25 | 21.2% | 44.2% | ||
| Q4 24 | 21.5% | 41.4% | ||
| Q3 24 | 22.2% | 45.6% | ||
| Q2 24 | 20.7% | 47.5% | ||
| Q1 24 | 22.9% | 44.4% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | 2.5% | 20.5% | ||
| Q2 25 | 5.2% | 20.8% | ||
| Q1 25 | 8.4% | 19.5% | ||
| Q4 24 | -46.6% | 15.3% | ||
| Q3 24 | 11.1% | 22.6% | ||
| Q2 24 | 9.9% | 24.3% | ||
| Q1 24 | -3.3% | 21.0% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | -4.4% | 14.7% | ||
| Q2 25 | -2.3% | 15.5% | ||
| Q1 25 | 0.2% | 15.2% | ||
| Q4 24 | -40.3% | 13.9% | ||
| Q3 24 | 1.6% | 15.8% | ||
| Q2 24 | 0.9% | 17.1% | ||
| Q1 24 | -8.5% | 15.1% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $-0.24 | $2.41 | ||
| Q2 25 | $-0.12 | $2.43 | ||
| Q1 25 | $0.01 | $2.05 | ||
| Q4 24 | $-2.81 | $1.60 | ||
| Q3 24 | $0.09 | $2.26 | ||
| Q2 24 | $0.05 | $2.47 | ||
| Q1 24 | $-0.51 | $2.03 |
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 | $40.2M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $1.1B |
| Total Assets | $2.9B | $2.3B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.2M | ||
| Q3 25 | $60.9M | $31.5M | ||
| Q2 25 | $54.1M | $38.0M | ||
| Q1 25 | $61.2M | $225.8M | ||
| Q4 24 | $50.6M | $213.8M | ||
| Q3 24 | $54.7M | $273.2M | ||
| Q2 24 | $40.3M | $18.9M | ||
| Q1 24 | $42.5M | $22.2M |
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | $800.1M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | $166.0M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $470.7M | $1.1B | ||
| Q2 25 | $501.4M | $1.1B | ||
| Q1 25 | $513.1M | $1.1B | ||
| Q4 24 | $524.8M | $1.0B | ||
| Q3 24 | $755.3M | $1.0B | ||
| Q2 24 | $765.0M | $650.2M | ||
| Q1 24 | $781.2M | $615.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.4B | $1.1B | ||
| Q1 24 | $3.4B | $1.0B |
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | 0.75× | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | 0.27× |
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 | $28.9M |
| Free Cash FlowOCF − Capex | $-70.7M | $22.7M |
| FCF MarginFCF / Revenue | -16.1% | 9.8% |
| Capex IntensityCapex / Revenue | 1.4% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $162.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.9M | ||
| Q3 25 | $-64.6M | $61.8M | ||
| Q2 25 | $17.8M | $60.6M | ||
| Q1 25 | $52.7M | $27.3M | ||
| Q4 24 | $80.3M | $11.6M | ||
| Q3 24 | $4.2M | $66.8M | ||
| Q2 24 | $11.3M | $62.7M | ||
| Q1 24 | $35.1M | $22.4M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | $-70.7M | $58.7M | ||
| Q2 25 | $11.5M | $57.7M | ||
| Q1 25 | $42.4M | $22.8M | ||
| Q4 24 | $71.7M | $8.5M | ||
| Q3 24 | $-679.0K | $61.3M | ||
| Q2 24 | $5.2M | $59.6M | ||
| Q1 24 | $27.5M | $17.5M |
| Q4 25 | — | 9.8% | ||
| Q3 25 | -16.1% | 21.2% | ||
| Q2 25 | 2.7% | 21.9% | ||
| Q1 25 | 10.0% | 9.9% | ||
| Q4 24 | 13.0% | 4.4% | ||
| Q3 24 | -0.1% | 26.9% | ||
| Q2 24 | 1.2% | 26.3% | ||
| Q1 24 | 5.8% | 8.3% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | 1.4% | 1.1% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 1.6% | 1.6% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 1.4% | 1.4% | ||
| Q1 24 | 1.6% | 2.3% |
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | 63.17× | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | 0.56× | 1.85× | ||
| Q2 24 | 2.87× | 1.62× | ||
| Q1 24 | — | 0.71× |
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% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
