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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Evolent Health, Inc. (EVH). Click either name above to swap in a different company.

Evolent Health, Inc. is the larger business by last-quarter revenue ($468.7M vs $439.3M, roughly 1.1× B&G Foods, Inc.). B&G Foods, Inc. runs the higher net margin — -4.4% vs -91.6%, a 87.2% gap on every dollar of revenue. On growth, B&G Foods, Inc. posted the faster year-over-year revenue change (-4.7% vs -27.5%). Over the past eight quarters, B&G Foods, Inc.'s revenue compounded faster (-12.8% CAGR vs -14.4%).

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.

Magellan Health Inc., is an American for-profit managed health care company and subsidiary of Centene that focuses on special populations and other specialty areas of healthcare. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.

BGS vs EVH — Head-to-Head

Bigger by revenue
EVH
EVH
1.1× larger
EVH
$468.7M
$439.3M
BGS
Growing faster (revenue YoY)
BGS
BGS
+22.8% gap
BGS
-4.7%
-27.5%
EVH
Higher net margin
BGS
BGS
87.2% more per $
BGS
-4.4%
-91.6%
EVH
Faster 2-yr revenue CAGR
BGS
BGS
Annualised
BGS
-12.8%
-14.4%
EVH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
EVH
EVH
Revenue
$439.3M
$468.7M
Net Profit
$-19.1M
$-429.1M
Gross Margin
22.5%
20.7%
Operating Margin
2.5%
-87.1%
Net Margin
-4.4%
-91.6%
Revenue YoY
-4.7%
-27.5%
Net Profit YoY
-356.5%
-1782.0%
EPS (diluted)
$-0.24
$-3.76

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
EVH
EVH
Q4 25
$468.7M
Q3 25
$439.3M
$479.5M
Q2 25
$424.4M
$444.3M
Q1 25
$425.4M
$483.6M
Q4 24
$551.6M
$646.5M
Q3 24
$461.1M
$621.4M
Q2 24
$444.6M
$647.1M
Q1 24
$475.2M
$639.7M
Net Profit
BGS
BGS
EVH
EVH
Q4 25
$-429.1M
Q3 25
$-19.1M
$-20.9M
Q2 25
$-9.8M
$-19.9M
Q1 25
$835.0K
$-64.6M
Q4 24
$-222.4M
$-22.8M
Q3 24
$7.5M
$-23.1M
Q2 24
$3.9M
$1.6M
Q1 24
$-40.2M
$-17.3M
Gross Margin
BGS
BGS
EVH
EVH
Q4 25
20.7%
Q3 25
22.5%
20.8%
Q2 25
20.5%
22.6%
Q1 25
21.2%
21.2%
Q4 24
21.5%
11.7%
Q3 24
22.2%
13.0%
Q2 24
20.7%
16.5%
Q1 24
22.9%
16.3%
Operating Margin
BGS
BGS
EVH
EVH
Q4 25
-87.1%
Q3 25
2.5%
0.2%
Q2 25
5.2%
-0.3%
Q1 25
8.4%
-0.3%
Q4 24
-46.6%
-2.9%
Q3 24
11.1%
-2.6%
Q2 24
9.9%
1.2%
Q1 24
-3.3%
-2.1%
Net Margin
BGS
BGS
EVH
EVH
Q4 25
-91.6%
Q3 25
-4.4%
-4.4%
Q2 25
-2.3%
-4.5%
Q1 25
0.2%
-13.4%
Q4 24
-40.3%
-3.5%
Q3 24
1.6%
-3.7%
Q2 24
0.9%
0.2%
Q1 24
-8.5%
-2.7%
EPS (diluted)
BGS
BGS
EVH
EVH
Q4 25
$-3.76
Q3 25
$-0.24
$-0.24
Q2 25
$-0.12
$-0.44
Q1 25
$0.01
$-0.63
Q4 24
$-2.81
$-0.26
Q3 24
$0.09
$-0.27
Q2 24
$0.05
$-0.06
Q1 24
$-0.51
$-0.22

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
EVH
EVH
Cash + ST InvestmentsLiquidity on hand
$60.9M
$151.9M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$470.7M
$415.2M
Total Assets
$2.9B
$1.9B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
EVH
EVH
Q4 25
$151.9M
Q3 25
$60.9M
$116.7M
Q2 25
$54.1M
$151.0M
Q1 25
$61.2M
$246.5M
Q4 24
$50.6M
$104.2M
Q3 24
$54.7M
$96.6M
Q2 24
$40.3M
$101.3M
Q1 24
$42.5M
$165.1M
Total Debt
BGS
BGS
EVH
EVH
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
Stockholders' Equity
BGS
BGS
EVH
EVH
Q4 25
$415.2M
Q3 25
$470.7M
$842.2M
Q2 25
$501.4M
$896.0M
Q1 25
$513.1M
$935.5M
Q4 24
$524.8M
$1.0B
Q3 24
$755.3M
$1.0B
Q2 24
$765.0M
$1.1B
Q1 24
$781.2M
$1.0B
Total Assets
BGS
BGS
EVH
EVH
Q4 25
$1.9B
Q3 25
$2.9B
$2.5B
Q2 25
$2.9B
$2.5B
Q1 25
$3.0B
$2.7B
Q4 24
$3.0B
$2.5B
Q3 24
$3.4B
$2.5B
Q2 24
$3.4B
$2.5B
Q1 24
$3.4B
$2.6B
Debt / Equity
BGS
BGS
EVH
EVH
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
BGS
BGS
EVH
EVH
Operating Cash FlowLast quarter
$-64.6M
$48.8M
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
EVH
EVH
Q4 25
$48.8M
Q3 25
$-64.6M
$15.8M
Q2 25
$17.8M
$-30.3M
Q1 25
$52.7M
$4.6M
Q4 24
$80.3M
$-26.2M
Q3 24
$4.2M
$18.7M
Q2 24
$11.3M
$21.4M
Q1 24
$35.1M
$4.9M
Free Cash Flow
BGS
BGS
EVH
EVH
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
Q1 24
$27.5M
FCF Margin
BGS
BGS
EVH
EVH
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%
Q1 24
5.8%
Capex Intensity
BGS
BGS
EVH
EVH
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%
Q1 24
1.6%
Cash Conversion
BGS
BGS
EVH
EVH
Q4 25
Q3 25
Q2 25
Q1 25
63.17×
Q4 24
Q3 24
0.56×
Q2 24
2.87×
13.42×
Q1 24

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%

EVH
EVH

Commercial And Other Customers$147.9M32%
Medicare Customers$111.2M24%
Specialty Technology And Services Suite$95.7M20%
Administrative Service$55.8M12%
Cases$47.7M10%
Related Party$4.5M1%

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