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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($745.6M vs $439.3M, roughly 1.7× B&G Foods, Inc.). ESAB Corp runs the higher net margin — 6.6% vs -4.4%, a 11.0% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (9.9% vs -4.7%). Over the past eight quarters, ESAB Corp'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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
BGS vs ESAB — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $745.6M |
| Net Profit | $-19.1M | $49.2M |
| Gross Margin | 22.5% | 36.9% |
| Operating Margin | 2.5% | 12.1% |
| Net Margin | -4.4% | 6.6% |
| Revenue YoY | -4.7% | 9.9% |
| Net Profit YoY | -356.5% | -29.3% |
| EPS (diluted) | $-0.24 | $0.78 |
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.
| Q1 26 | — | $745.6M | ||
| Q4 25 | — | $727.8M | ||
| Q3 25 | $439.3M | $715.6M | ||
| Q2 25 | $424.4M | $678.1M | ||
| Q1 25 | $425.4M | — | ||
| Q4 24 | $551.6M | $670.8M | ||
| Q3 24 | $461.1M | $673.3M | ||
| Q2 24 | $444.6M | $707.1M |
| Q1 26 | — | $49.2M | ||
| Q4 25 | — | $54.8M | ||
| Q3 25 | $-19.1M | $66.9M | ||
| Q2 25 | $-9.8M | $67.4M | ||
| Q1 25 | $835.0K | — | ||
| Q4 24 | $-222.4M | $53.7M | ||
| Q3 24 | $7.5M | $68.2M | ||
| Q2 24 | $3.9M | $82.9M |
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | 37.0% | ||
| Q3 25 | 22.5% | 37.2% | ||
| Q2 25 | 20.5% | 37.6% | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | 38.5% | ||
| Q3 24 | 22.2% | 37.7% | ||
| Q2 24 | 20.7% | 38.2% |
| Q1 26 | — | 12.1% | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | 2.5% | 15.2% | ||
| Q2 25 | 5.2% | 16.2% | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | -46.6% | 16.6% | ||
| Q3 24 | 11.1% | 15.7% | ||
| Q2 24 | 9.9% | 16.9% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | -4.4% | 9.3% | ||
| Q2 25 | -2.3% | 9.9% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -40.3% | 8.0% | ||
| Q3 24 | 1.6% | 10.1% | ||
| Q2 24 | 0.9% | 11.7% |
| Q1 26 | — | $0.78 | ||
| Q4 25 | — | $0.90 | ||
| Q3 25 | $-0.24 | $1.09 | ||
| Q2 25 | $-0.12 | $1.10 | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $-2.81 | $0.87 | ||
| Q3 24 | $0.09 | $1.11 | ||
| Q2 24 | $0.05 | $1.35 |
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 | $2.0B |
| Stockholders' EquityBook value | $470.7M | $2.2B |
| Total Assets | $2.9B | $5.6B |
| Debt / EquityLower = less leverage | 4.30× | 0.91× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $218.2M | ||
| Q3 25 | $60.9M | $258.2M | ||
| Q2 25 | $54.1M | $291.3M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $50.6M | $249.4M | ||
| Q3 24 | $54.7M | $253.7M | ||
| Q2 24 | $40.3M | $228.5M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.0B | $1.1B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $470.7M | $2.1B | ||
| Q2 25 | $501.4M | $1.9B | ||
| Q1 25 | $513.1M | — | ||
| Q4 24 | $524.8M | $1.8B | ||
| Q3 24 | $755.3M | $1.8B | ||
| Q2 24 | $765.0M | $1.7B |
| Q1 26 | — | $5.6B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | $2.9B | $4.4B | ||
| Q2 25 | $2.9B | $4.2B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $3.4B | $4.1B | ||
| Q2 24 | $3.4B | $4.0B |
| Q1 26 | — | 0.91× | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | 4.30× | 0.51× | ||
| Q2 25 | 3.97× | 0.55× | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | 0.60× | ||
| Q3 24 | 2.75× | 0.59× | ||
| Q2 24 | 2.67× | 0.63× |
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 | $46.9M |
| Free Cash FlowOCF − Capex | $-70.7M | — |
| FCF MarginFCF / Revenue | -16.1% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.95× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $46.9M | ||
| Q4 25 | — | $81.5M | ||
| Q3 25 | $-64.6M | $46.6M | ||
| Q2 25 | $17.8M | $35.4M | ||
| Q1 25 | $52.7M | — | ||
| Q4 24 | $80.3M | $126.9M | ||
| Q3 24 | $4.2M | $101.0M | ||
| Q2 24 | $11.3M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.3M | ||
| Q3 25 | $-70.7M | $37.4M | ||
| Q2 25 | $11.5M | $28.1M | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | $102.2M | ||
| Q3 24 | $-679.0K | $90.4M | ||
| Q2 24 | $5.2M | $74.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | -16.1% | 5.2% | ||
| Q2 25 | 2.7% | 4.1% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | 15.2% | ||
| Q3 24 | -0.1% | 13.4% | ||
| Q2 24 | 1.2% | 10.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.6% | 3.7% | ||
| Q3 24 | 1.0% | 1.6% | ||
| Q2 24 | 1.4% | 1.3% |
| Q1 26 | — | 0.95× | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | 0.56× | 1.48× | ||
| Q2 24 | 2.87× | 1.00× |
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% |
ESAB
Segment breakdown not available.
