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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and DONEGAL GROUP INC (DGICA). 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 $236.0M, roughly 1.9× DONEGAL GROUP INC). DONEGAL GROUP INC runs the higher net margin — 4.9% vs -4.4%, a 9.2% gap on every dollar of revenue. On growth, DONEGAL GROUP INC posted the faster year-over-year revenue change (-3.7% vs -4.7%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-2.2% 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.

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

BGS vs DGICA — Head-to-Head

Bigger by revenue
BGS
BGS
1.9× larger
BGS
$439.3M
$236.0M
DGICA
Growing faster (revenue YoY)
DGICA
DGICA
+1.0% gap
DGICA
-3.7%
-4.7%
BGS
Higher net margin
DGICA
DGICA
9.2% more per $
DGICA
4.9%
-4.4%
BGS
Faster 2-yr revenue CAGR
DGICA
DGICA
Annualised
DGICA
-2.2%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BGS
BGS
DGICA
DGICA
Revenue
$439.3M
$236.0M
Net Profit
$-19.1M
$11.5M
Gross Margin
22.5%
Operating Margin
2.5%
Net Margin
-4.4%
4.9%
Revenue YoY
-4.7%
-3.7%
Net Profit YoY
-356.5%
-54.3%
EPS (diluted)
$-0.24

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
DGICA
DGICA
Q1 26
$236.0M
Q4 25
$239.8M
Q3 25
$439.3M
$245.9M
Q2 25
$424.4M
$247.1M
Q1 25
$425.4M
$245.2M
Q4 24
$551.6M
$250.0M
Q3 24
$461.1M
$251.7M
Q2 24
$444.6M
$246.8M
Net Profit
BGS
BGS
DGICA
DGICA
Q1 26
$11.5M
Q4 25
$17.2M
Q3 25
$-19.1M
$20.1M
Q2 25
$-9.8M
$16.9M
Q1 25
$835.0K
$25.2M
Q4 24
$-222.4M
$24.0M
Q3 24
$7.5M
$16.8M
Q2 24
$3.9M
$4.2M
Gross Margin
BGS
BGS
DGICA
DGICA
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%
Operating Margin
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
8.7%
Q3 25
2.5%
10.2%
Q2 25
5.2%
8.3%
Q1 25
8.4%
12.7%
Q4 24
-46.6%
11.9%
Q3 24
11.1%
8.1%
Q2 24
9.9%
2.0%
Net Margin
BGS
BGS
DGICA
DGICA
Q1 26
4.9%
Q4 25
7.2%
Q3 25
-4.4%
8.2%
Q2 25
-2.3%
6.8%
Q1 25
0.2%
10.3%
Q4 24
-40.3%
9.6%
Q3 24
1.6%
6.7%
Q2 24
0.9%
1.7%
EPS (diluted)
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
Q3 25
$-0.24
Q2 25
$-0.12
Q1 25
$0.01
Q4 24
$-2.81
Q3 24
$0.09
Q2 24
$0.05

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
DGICA
DGICA
Cash + ST InvestmentsLiquidity on hand
$60.9M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$470.7M
$649.1M
Total Assets
$2.9B
$2.4B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
DGICA
DGICA
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
Total Debt
BGS
BGS
DGICA
DGICA
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
Stockholders' Equity
BGS
BGS
DGICA
DGICA
Q1 26
$649.1M
Q4 25
$640.4M
Q3 25
$470.7M
$627.4M
Q2 25
$501.4M
$605.7M
Q1 25
$513.1M
$584.7M
Q4 24
$524.8M
$545.8M
Q3 24
$755.3M
$513.4M
Q2 24
$765.0M
$484.1M
Total Assets
BGS
BGS
DGICA
DGICA
Q1 26
$2.4B
Q4 25
$2.4B
Q3 25
$2.9B
$2.4B
Q2 25
$2.9B
$2.4B
Q1 25
$3.0B
$2.4B
Q4 24
$3.0B
$2.3B
Q3 24
$3.4B
$2.3B
Q2 24
$3.4B
$2.3B
Debt / Equity
BGS
BGS
DGICA
DGICA
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
BGS
BGS
DGICA
DGICA
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.

Operating Cash Flow
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
$70.2M
Q3 25
$-64.6M
$22.4M
Q2 25
$17.8M
$12.1M
Q1 25
$52.7M
$25.7M
Q4 24
$80.3M
$67.4M
Q3 24
$4.2M
$12.7M
Q2 24
$11.3M
$21.7M
Free Cash Flow
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
Q3 25
$-70.7M
Q2 25
$11.5M
Q1 25
$42.4M
Q4 24
$71.7M
Q3 24
$-679.0K
Q2 24
$5.2M
FCF Margin
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
Q3 25
-16.1%
Q2 25
2.7%
Q1 25
10.0%
Q4 24
13.0%
Q3 24
-0.1%
Q2 24
1.2%
Capex Intensity
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
Q3 25
1.4%
Q2 25
1.5%
Q1 25
2.4%
Q4 24
1.6%
Q3 24
1.0%
Q2 24
1.4%
Cash Conversion
BGS
BGS
DGICA
DGICA
Q1 26
Q4 25
4.08×
Q3 25
1.11×
Q2 25
0.72×
Q1 25
63.17×
1.02×
Q4 24
2.81×
Q3 24
0.56×
0.76×
Q2 24
2.87×
5.22×

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%

DGICA
DGICA

Segment breakdown not available.

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