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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Driven Brands Holdings Inc. (DRVN). Click either name above to swap in a different company.
Driven Brands Holdings Inc. is the larger business by last-quarter revenue ($535.7M vs $439.3M, roughly 1.2× B&G Foods, Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -4.4%, a 15.7% gap on every dollar of revenue. On growth, Driven Brands Holdings Inc. posted the faster year-over-year revenue change (6.6% vs -4.7%). Driven Brands Holdings Inc. produced more free cash flow last quarter ($39.5M vs $-70.7M). Over the past eight quarters, Driven Brands Holdings Inc.'s revenue compounded faster (-4.0% 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.
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
BGS vs DRVN — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $535.7M |
| Net Profit | $-19.1M | $60.9M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 11.6% |
| Net Margin | -4.4% | 11.4% |
| Revenue YoY | -4.7% | 6.6% |
| Net Profit YoY | -356.5% | 507.2% |
| EPS (diluted) | $-0.24 | $0.37 |
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 | $535.7M | ||
| Q2 25 | $424.4M | $551.0M | ||
| Q1 25 | $425.4M | $516.2M | ||
| Q4 24 | $551.6M | $836.5M | ||
| Q3 24 | $461.1M | $502.3M | ||
| Q2 24 | $444.6M | $518.8M | ||
| Q1 24 | $475.2M | $482.0M | ||
| Q4 23 | $578.1M | — |
| Q3 25 | $-19.1M | $60.9M | ||
| Q2 25 | $-9.8M | $47.6M | ||
| Q1 25 | $835.0K | $5.5M | ||
| Q4 24 | $-222.4M | $-312.0M | ||
| Q3 24 | $7.5M | $-14.9M | ||
| Q2 24 | $3.9M | $30.2M | ||
| Q1 24 | $-40.2M | $4.3M | ||
| Q4 23 | $2.6M | — |
| 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 24 | 22.9% | — | ||
| Q4 23 | 21.7% | — |
| Q3 25 | 2.5% | 11.6% | ||
| Q2 25 | 5.2% | 6.9% | ||
| Q1 25 | 8.4% | 11.9% | ||
| Q4 24 | -46.6% | -41.6% | ||
| Q3 24 | 11.1% | 9.9% | ||
| Q2 24 | 9.9% | 17.4% | ||
| Q1 24 | -3.3% | 14.1% | ||
| Q4 23 | 7.2% | — |
| Q3 25 | -4.4% | 11.4% | ||
| Q2 25 | -2.3% | 8.6% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | -40.3% | -37.3% | ||
| Q3 24 | 1.6% | -3.0% | ||
| Q2 24 | 0.9% | 5.8% | ||
| Q1 24 | -8.5% | 0.9% | ||
| Q4 23 | 0.4% | — |
| Q3 25 | $-0.24 | $0.37 | ||
| Q2 25 | $-0.12 | $0.29 | ||
| Q1 25 | $0.01 | $0.04 | ||
| Q4 24 | $-2.81 | $-1.93 | ||
| Q3 24 | $0.09 | $-0.09 | ||
| Q2 24 | $0.05 | $0.18 | ||
| Q1 24 | $-0.51 | $0.02 | ||
| Q4 23 | $0.02 | — |
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 | $162.0M |
| Total DebtLower is stronger | $2.0B | $1.9B |
| Stockholders' EquityBook value | $470.7M | $793.5M |
| Total Assets | $2.9B | $4.2B |
| Debt / EquityLower = less leverage | 4.30× | 2.44× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $60.9M | $162.0M | ||
| Q2 25 | $54.1M | $166.1M | ||
| Q1 25 | $61.2M | $152.0M | ||
| Q4 24 | $50.6M | $149.6M | ||
| Q3 24 | $54.7M | $204.2M | ||
| Q2 24 | $40.3M | $148.8M | ||
| Q1 24 | $42.5M | $165.5M | ||
| Q4 23 | $41.1M | — |
| Q3 25 | $2.0B | $1.9B | ||
| Q2 25 | $2.0B | $2.1B | ||
| Q1 25 | $2.0B | $2.6B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $2.1B | $2.7B | ||
| Q2 24 | $2.0B | $2.9B | ||
| Q1 24 | $2.0B | $2.9B | ||
| Q4 23 | $2.0B | — |
| Q3 25 | $470.7M | $793.5M | ||
| Q2 25 | $501.4M | $743.4M | ||
| Q1 25 | $513.1M | $643.2M | ||
| Q4 24 | $524.8M | $607.3M | ||
| Q3 24 | $755.3M | $962.8M | ||
| Q2 24 | $765.0M | $942.8M | ||
| Q1 24 | $781.2M | $906.2M | ||
| Q4 23 | $835.5M | — |
| Q3 25 | $2.9B | $4.2B | ||
| Q2 25 | $2.9B | $4.3B | ||
| Q1 25 | $3.0B | $5.3B | ||
| Q4 24 | $3.0B | $5.3B | ||
| Q3 24 | $3.4B | $5.8B | ||
| Q2 24 | $3.4B | $5.8B | ||
| Q1 24 | $3.4B | $5.9B | ||
| Q4 23 | $3.5B | — |
| Q3 25 | 4.30× | 2.44× | ||
| Q2 25 | 3.97× | 2.82× | ||
| Q1 25 | 3.91× | 4.07× | ||
| Q4 24 | 3.85× | 4.37× | ||
| Q3 24 | 2.75× | 2.84× | ||
| Q2 24 | 2.67× | 3.03× | ||
| Q1 24 | 2.61× | 3.21× | ||
| 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 | $79.2M |
| Free Cash FlowOCF − Capex | $-70.7M | $39.5M |
| FCF MarginFCF / Revenue | -16.1% | 7.4% |
| Capex IntensityCapex / Revenue | 1.4% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $31.1M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-64.6M | $79.2M | ||
| Q2 25 | $17.8M | $80.4M | ||
| Q1 25 | $52.7M | $75.1M | ||
| Q4 24 | $80.3M | $32.9M | ||
| Q3 24 | $4.2M | $101.3M | ||
| Q2 24 | $11.3M | $46.9M | ||
| Q1 24 | $35.1M | $60.3M | ||
| Q4 23 | $92.1M | — |
| Q3 25 | $-70.7M | $39.5M | ||
| Q2 25 | $11.5M | $9.0M | ||
| Q1 25 | $42.4M | $18.9M | ||
| Q4 24 | $71.7M | $-36.3M | ||
| Q3 24 | $-679.0K | $37.9M | ||
| Q2 24 | $5.2M | $-19.5M | ||
| Q1 24 | $27.5M | $-29.2M | ||
| Q4 23 | $83.3M | — |
| Q3 25 | -16.1% | 7.4% | ||
| Q2 25 | 2.7% | 1.6% | ||
| Q1 25 | 10.0% | 3.7% | ||
| Q4 24 | 13.0% | -4.3% | ||
| Q3 24 | -0.1% | 7.5% | ||
| Q2 24 | 1.2% | -3.8% | ||
| Q1 24 | 5.8% | -6.1% | ||
| Q4 23 | 14.4% | — |
| Q3 25 | 1.4% | 7.4% | ||
| Q2 25 | 1.5% | 13.0% | ||
| Q1 25 | 2.4% | 10.9% | ||
| Q4 24 | 1.6% | 8.3% | ||
| Q3 24 | 1.0% | 12.6% | ||
| Q2 24 | 1.4% | 12.8% | ||
| Q1 24 | 1.6% | 18.6% | ||
| Q4 23 | 1.5% | — |
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | 63.17× | 13.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | 1.56× | ||
| Q1 24 | — | 14.15× | ||
| 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% |
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
