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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). 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 $313.0M, roughly 1.4× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs -4.4%, a 39.1% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs -4.7%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% 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.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

BGS vs FIBK — Head-to-Head

Bigger by revenue
BGS
BGS
1.4× larger
BGS
$439.3M
$313.0M
FIBK
Growing faster (revenue YoY)
FIBK
FIBK
+24.5% gap
FIBK
19.8%
-4.7%
BGS
Higher net margin
FIBK
FIBK
39.1% more per $
FIBK
34.8%
-4.4%
BGS
Faster 2-yr revenue CAGR
FIBK
FIBK
Annualised
FIBK
13.7%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
FIBK
FIBK
Revenue
$439.3M
$313.0M
Net Profit
$-19.1M
$108.8M
Gross Margin
22.5%
Operating Margin
2.5%
44.5%
Net Margin
-4.4%
34.8%
Revenue YoY
-4.7%
19.8%
Net Profit YoY
-356.5%
108.8%
EPS (diluted)
$-0.24
$1.07

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
FIBK
FIBK
Q4 25
$313.0M
Q3 25
$439.3M
$250.5M
Q2 25
$424.4M
$248.3M
Q1 25
$425.4M
$247.0M
Q4 24
$551.6M
$261.3M
Q3 24
$461.1M
$251.9M
Q2 24
$444.6M
$244.3M
Q1 24
$475.2M
$242.2M
Net Profit
BGS
BGS
FIBK
FIBK
Q4 25
$108.8M
Q3 25
$-19.1M
$71.4M
Q2 25
$-9.8M
$71.7M
Q1 25
$835.0K
$50.2M
Q4 24
$-222.4M
$52.1M
Q3 24
$7.5M
$55.5M
Q2 24
$3.9M
$60.0M
Q1 24
$-40.2M
$58.4M
Gross Margin
BGS
BGS
FIBK
FIBK
Q4 25
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%
Operating Margin
BGS
BGS
FIBK
FIBK
Q4 25
44.5%
Q3 25
2.5%
37.0%
Q2 25
5.2%
37.7%
Q1 25
8.4%
26.9%
Q4 24
-46.6%
25.5%
Q3 24
11.1%
28.9%
Q2 24
9.9%
32.1%
Q1 24
-3.3%
31.7%
Net Margin
BGS
BGS
FIBK
FIBK
Q4 25
34.8%
Q3 25
-4.4%
28.5%
Q2 25
-2.3%
28.9%
Q1 25
0.2%
20.3%
Q4 24
-40.3%
19.9%
Q3 24
1.6%
22.0%
Q2 24
0.9%
24.6%
Q1 24
-8.5%
24.1%
EPS (diluted)
BGS
BGS
FIBK
FIBK
Q4 25
$1.07
Q3 25
$-0.24
$0.69
Q2 25
$-0.12
$0.69
Q1 25
$0.01
$0.49
Q4 24
$-2.81
$0.50
Q3 24
$0.09
$0.54
Q2 24
$0.05
$0.58
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
BGS
BGS
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$60.9M
Total DebtLower is stronger
$2.0B
$146.3M
Stockholders' EquityBook value
$470.7M
$3.4B
Total Assets
$2.9B
$26.6B
Debt / EquityLower = less leverage
4.30×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
FIBK
FIBK
Q4 25
Q3 25
$60.9M
Q2 25
$54.1M
Q1 25
$61.2M
Q4 24
$50.6M
Q3 24
$54.7M
Q2 24
$40.3M
Q1 24
$42.5M
Total Debt
BGS
BGS
FIBK
FIBK
Q4 25
$146.3M
Q3 25
$2.0B
$146.2M
Q2 25
$2.0B
$252.0M
Q1 25
$2.0B
Q4 24
$2.0B
$132.2M
Q3 24
$2.1B
$137.3M
Q2 24
$2.0B
$383.4M
Q1 24
$2.0B
$370.8M
Stockholders' Equity
BGS
BGS
FIBK
FIBK
Q4 25
$3.4B
Q3 25
$470.7M
$3.4B
Q2 25
$501.4M
$3.4B
Q1 25
$513.1M
$3.4B
Q4 24
$524.8M
$3.3B
Q3 24
$755.3M
$3.4B
Q2 24
$765.0M
$3.2B
Q1 24
$781.2M
$3.2B
Total Assets
BGS
BGS
FIBK
FIBK
Q4 25
$26.6B
Q3 25
$2.9B
$27.3B
Q2 25
$2.9B
$27.6B
Q1 25
$3.0B
$28.3B
Q4 24
$3.0B
$29.1B
Q3 24
$3.4B
$29.6B
Q2 24
$3.4B
$30.3B
Q1 24
$3.4B
$30.1B
Debt / Equity
BGS
BGS
FIBK
FIBK
Q4 25
0.04×
Q3 25
4.30×
0.04×
Q2 25
3.97×
0.07×
Q1 25
3.91×
Q4 24
3.85×
0.04×
Q3 24
2.75×
0.04×
Q2 24
2.67×
0.12×
Q1 24
2.61×
0.12×

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
FIBK
FIBK
Operating Cash FlowLast quarter
$-64.6M
$305.6M
Free Cash FlowOCF − Capex
$-70.7M
FCF MarginFCF / Revenue
-16.1%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$54.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
FIBK
FIBK
Q4 25
$305.6M
Q3 25
$-64.6M
$91.7M
Q2 25
$17.8M
$68.1M
Q1 25
$52.7M
$78.5M
Q4 24
$80.3M
$355.0M
Q3 24
$4.2M
$89.9M
Q2 24
$11.3M
$82.3M
Q1 24
$35.1M
$87.6M
Free Cash Flow
BGS
BGS
FIBK
FIBK
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
FIBK
FIBK
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
FIBK
FIBK
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
FIBK
FIBK
Q4 25
2.81×
Q3 25
1.28×
Q2 25
0.95×
Q1 25
63.17×
1.56×
Q4 24
6.81×
Q3 24
0.56×
1.62×
Q2 24
2.87×
1.37×
Q1 24
1.50×

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%

FIBK
FIBK

Segment breakdown not available.

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