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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Duolingo, Inc. (DUOL). 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 $282.9M, roughly 1.6× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs -4.4%, a 19.2% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs -4.7%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $-70.7M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% 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.
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
BGS vs DUOL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $282.9M |
| Net Profit | $-19.1M | $42.0M |
| Gross Margin | 22.5% | 72.8% |
| Operating Margin | 2.5% | 15.4% |
| Net Margin | -4.4% | 14.8% |
| Revenue YoY | -4.7% | 35.0% |
| Net Profit YoY | -356.5% | 201.7% |
| EPS (diluted) | $-0.24 | $0.99 |
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 | — | $282.9M | ||
| Q3 25 | $439.3M | $271.7M | ||
| Q2 25 | $424.4M | $252.3M | ||
| Q1 25 | $425.4M | $230.7M | ||
| Q4 24 | $551.6M | $209.6M | ||
| Q3 24 | $461.1M | $192.6M | ||
| Q2 24 | $444.6M | $178.3M | ||
| Q1 24 | $475.2M | $167.6M |
| Q4 25 | — | $42.0M | ||
| Q3 25 | $-19.1M | $292.2M | ||
| Q2 25 | $-9.8M | $44.8M | ||
| Q1 25 | $835.0K | $35.1M | ||
| Q4 24 | $-222.4M | $13.9M | ||
| Q3 24 | $7.5M | $23.4M | ||
| Q2 24 | $3.9M | $24.4M | ||
| Q1 24 | $-40.2M | $27.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | 22.5% | 72.5% | ||
| Q2 25 | 20.5% | 72.4% | ||
| Q1 25 | 21.2% | 71.1% | ||
| Q4 24 | 21.5% | 71.9% | ||
| Q3 24 | 22.2% | 72.9% | ||
| Q2 24 | 20.7% | 73.4% | ||
| Q1 24 | 22.9% | 73.0% |
| Q4 25 | — | 15.4% | ||
| Q3 25 | 2.5% | 12.9% | ||
| Q2 25 | 5.2% | 13.2% | ||
| Q1 25 | 8.4% | 10.2% | ||
| Q4 24 | -46.6% | 6.6% | ||
| Q3 24 | 11.1% | 7.0% | ||
| Q2 24 | 9.9% | 10.5% | ||
| Q1 24 | -3.3% | 9.8% |
| Q4 25 | — | 14.8% | ||
| Q3 25 | -4.4% | 107.5% | ||
| Q2 25 | -2.3% | 17.8% | ||
| Q1 25 | 0.2% | 15.2% | ||
| Q4 24 | -40.3% | 6.6% | ||
| Q3 24 | 1.6% | 12.1% | ||
| Q2 24 | 0.9% | 13.7% | ||
| Q1 24 | -8.5% | 16.1% |
| Q4 25 | — | $0.99 | ||
| Q3 25 | $-0.24 | $5.95 | ||
| Q2 25 | $-0.12 | $0.91 | ||
| Q1 25 | $0.01 | $0.72 | ||
| Q4 24 | $-2.81 | $0.31 | ||
| Q3 24 | $0.09 | $0.49 | ||
| Q2 24 | $0.05 | $0.51 | ||
| Q1 24 | $-0.51 | $0.57 |
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 | $1.0B |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $1.3B |
| Total Assets | $2.9B | $2.0B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | $60.9M | $1.0B | ||
| Q2 25 | $54.1M | $976.2M | ||
| Q1 25 | $61.2M | $884.0M | ||
| Q4 24 | $50.6M | $785.8M | ||
| Q3 24 | $54.7M | $854.4M | ||
| Q2 24 | $40.3M | $888.2M | ||
| Q1 24 | $42.5M | $829.7M |
| 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 | — |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $470.7M | $1.3B | ||
| Q2 25 | $501.4M | $977.0M | ||
| Q1 25 | $513.1M | $893.8M | ||
| Q4 24 | $524.8M | $824.5M | ||
| Q3 24 | $755.3M | $822.5M | ||
| Q2 24 | $765.0M | $766.9M | ||
| Q1 24 | $781.2M | $711.1M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.4B | $1.1B | ||
| Q1 24 | $3.4B | $1.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-64.6M | $107.3M |
| Free Cash FlowOCF − Capex | $-70.7M | $96.6M |
| FCF MarginFCF / Revenue | -16.1% | 34.1% |
| Capex IntensityCapex / Revenue | 1.4% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $369.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $107.3M | ||
| Q3 25 | $-64.6M | $84.2M | ||
| Q2 25 | $17.8M | $90.7M | ||
| Q1 25 | $52.7M | $105.6M | ||
| Q4 24 | $80.3M | $83.3M | ||
| Q3 24 | $4.2M | $56.3M | ||
| Q2 24 | $11.3M | $62.4M | ||
| Q1 24 | $35.1M | $83.5M |
| Q4 25 | — | $96.6M | ||
| Q3 25 | $-70.7M | $79.4M | ||
| Q2 25 | $11.5M | $89.5M | ||
| Q1 25 | $42.4M | $104.3M | ||
| Q4 24 | $71.7M | $81.4M | ||
| Q3 24 | $-679.0K | $53.1M | ||
| Q2 24 | $5.2M | $56.8M | ||
| Q1 24 | $27.5M | $82.1M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | -16.1% | 29.2% | ||
| Q2 25 | 2.7% | 35.5% | ||
| Q1 25 | 10.0% | 45.2% | ||
| Q4 24 | 13.0% | 38.8% | ||
| Q3 24 | -0.1% | 27.6% | ||
| Q2 24 | 1.2% | 31.9% | ||
| Q1 24 | 5.8% | 49.0% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | 1.6% | 0.9% | ||
| Q3 24 | 1.0% | 1.7% | ||
| Q2 24 | 1.4% | 3.1% | ||
| Q1 24 | 1.6% | 0.8% |
| Q4 25 | — | 2.56× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 2.02× | ||
| Q1 25 | 63.17× | 3.01× | ||
| Q4 24 | — | 5.99× | ||
| Q3 24 | 0.56× | 2.41× | ||
| Q2 24 | 2.87× | 2.56× | ||
| Q1 24 | — | 3.10× |
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% |
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
