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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $439.3M, roughly 1.1× B&G Foods, Inc.). National Vision Holdings, Inc. runs the higher net margin — 0.7% vs -4.4%, a 5.0% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -4.7%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $-70.7M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% 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.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
BGS vs EYE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $487.3M |
| Net Profit | $-19.1M | $3.4M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 2.0% |
| Net Margin | -4.4% | 0.7% |
| Revenue YoY | -4.7% | 7.9% |
| Net Profit YoY | -356.5% | 139.8% |
| EPS (diluted) | $-0.24 | $0.04 |
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 | $487.3M | ||
| Q2 25 | $424.4M | $486.4M | ||
| Q1 25 | $425.4M | $510.3M | ||
| Q4 24 | $551.6M | $437.3M | ||
| Q3 24 | $461.1M | $451.5M | ||
| Q2 24 | $444.6M | $451.7M | ||
| Q1 24 | $475.2M | $482.8M | ||
| Q4 23 | $578.1M | $421.0M |
| Q3 25 | $-19.1M | $3.4M | ||
| Q2 25 | $-9.8M | $8.7M | ||
| Q1 25 | $835.0K | $14.2M | ||
| Q4 24 | $-222.4M | $-28.6M | ||
| Q3 24 | $7.5M | $-8.5M | ||
| Q2 24 | $3.9M | $-3.1M | ||
| Q1 24 | $-40.2M | $11.7M | ||
| Q4 23 | $2.6M | $-16.0M |
| 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% | 2.0% | ||
| Q2 25 | 5.2% | 3.4% | ||
| Q1 25 | 8.4% | 5.1% | ||
| Q4 24 | -46.6% | -5.8% | ||
| Q3 24 | 11.1% | -2.0% | ||
| Q2 24 | 9.9% | 0.1% | ||
| Q1 24 | -3.3% | 4.9% | ||
| Q4 23 | 7.2% | -2.9% |
| Q3 25 | -4.4% | 0.7% | ||
| Q2 25 | -2.3% | 1.8% | ||
| Q1 25 | 0.2% | 2.8% | ||
| Q4 24 | -40.3% | -6.5% | ||
| Q3 24 | 1.6% | -1.9% | ||
| Q2 24 | 0.9% | -0.7% | ||
| Q1 24 | -8.5% | 2.4% | ||
| Q4 23 | 0.4% | -3.8% |
| Q3 25 | $-0.24 | $0.04 | ||
| Q2 25 | $-0.12 | $0.11 | ||
| Q1 25 | $0.01 | $0.18 | ||
| Q4 24 | $-2.81 | $-0.36 | ||
| Q3 24 | $0.09 | $-0.11 | ||
| Q2 24 | $0.05 | $-0.04 | ||
| Q1 24 | $-0.51 | $0.15 | ||
| Q4 23 | $0.02 | $-0.17 |
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 | $56.0M |
| Total DebtLower is stronger | $2.0B | $236.5M |
| Stockholders' EquityBook value | $470.7M | $858.8M |
| Total Assets | $2.9B | $2.0B |
| Debt / EquityLower = less leverage | 4.30× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $60.9M | $56.0M | ||
| Q2 25 | $54.1M | $48.5M | ||
| Q1 25 | $61.2M | $80.0M | ||
| Q4 24 | $50.6M | $73.9M | ||
| Q3 24 | $54.7M | $81.2M | ||
| Q2 24 | $40.3M | $179.5M | ||
| Q1 24 | $42.5M | $150.1M | ||
| Q4 23 | $41.1M | $149.9M |
| Q3 25 | $2.0B | $236.5M | ||
| Q2 25 | $2.0B | $255.6M | ||
| Q1 25 | $2.0B | $244.7M | ||
| Q4 24 | $2.0B | $248.6M | ||
| Q3 24 | $2.1B | $252.8M | ||
| Q2 24 | $2.0B | $143.9M | ||
| Q1 24 | $2.0B | $448.6M | ||
| Q4 23 | $2.0B | $450.8M |
| Q3 25 | $470.7M | $858.8M | ||
| Q2 25 | $501.4M | $850.6M | ||
| Q1 25 | $513.1M | $836.2M | ||
| Q4 24 | $524.8M | $816.3M | ||
| Q3 24 | $755.3M | $840.0M | ||
| Q2 24 | $765.0M | $843.4M | ||
| Q1 24 | $781.2M | $841.3M | ||
| Q4 23 | $835.5M | $829.4M |
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $3.4B | $2.2B | ||
| Q4 23 | $3.5B | $2.2B |
| Q3 25 | 4.30× | 0.28× | ||
| Q2 25 | 3.97× | 0.30× | ||
| Q1 25 | 3.91× | 0.29× | ||
| Q4 24 | 3.85× | 0.30× | ||
| Q3 24 | 2.75× | 0.30× | ||
| Q2 24 | 2.67× | 0.17× | ||
| Q1 24 | 2.61× | 0.53× | ||
| Q4 23 | 2.45× | 0.54× |
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 | $46.6M |
| Free Cash FlowOCF − Capex | $-70.7M | $30.3M |
| FCF MarginFCF / Revenue | -16.1% | 6.2% |
| Capex IntensityCapex / Revenue | 1.4% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-64.6M | $46.6M | ||
| Q2 25 | $17.8M | $54.3M | ||
| Q1 25 | $52.7M | $32.2M | ||
| Q4 24 | $80.3M | $30.3M | ||
| Q3 24 | $4.2M | $27.9M | ||
| Q2 24 | $11.3M | $51.5M | ||
| Q1 24 | $35.1M | $24.0M | ||
| Q4 23 | $92.1M | $19.8M |
| Q3 25 | $-70.7M | $30.3M | ||
| Q2 25 | $11.5M | $42.4M | ||
| Q1 25 | $42.4M | $12.0M | ||
| Q4 24 | $71.7M | $-1.7M | ||
| Q3 24 | $-679.0K | $4.1M | ||
| Q2 24 | $5.2M | $31.9M | ||
| Q1 24 | $27.5M | $4.0M | ||
| Q4 23 | $83.3M | $-13.0M |
| Q3 25 | -16.1% | 6.2% | ||
| Q2 25 | 2.7% | 8.7% | ||
| Q1 25 | 10.0% | 2.4% | ||
| Q4 24 | 13.0% | -0.4% | ||
| Q3 24 | -0.1% | 0.9% | ||
| Q2 24 | 1.2% | 7.1% | ||
| Q1 24 | 5.8% | 0.8% | ||
| Q4 23 | 14.4% | -3.1% |
| Q3 25 | 1.4% | 3.4% | ||
| Q2 25 | 1.5% | 2.4% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 1.6% | 7.3% | ||
| Q3 24 | 1.0% | 5.3% | ||
| Q2 24 | 1.4% | 4.3% | ||
| Q1 24 | 1.6% | 4.1% | ||
| Q4 23 | 1.5% | 7.8% |
| Q3 25 | — | 13.83× | ||
| Q2 25 | — | 6.22× | ||
| Q1 25 | 63.17× | 2.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | 2.05× | ||
| 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% |
EYE
Segment breakdown not available.
