vs
Side-by-side financial comparison of B&G Foods, Inc. (BGS) and FLOWERS FOODS INC (FLO). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $439.3M, roughly 2.8× B&G Foods, Inc.). FLOWERS FOODS INC runs the higher net margin — 3.2% vs -4.4%, a 7.6% gap on every dollar of revenue. On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (3.0% vs -4.7%). FLOWERS FOODS INC produced more free cash flow last quarter ($30.4M vs $-70.7M). Over the past eight quarters, FLOWERS FOODS INC's revenue compounded faster (4.2% 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.
Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, rolls, snack cakes, pastries, and tortillas. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."
BGS vs FLO — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $1.2B |
| Net Profit | $-19.1M | $39.5M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 5.4% |
| Net Margin | -4.4% | 3.2% |
| Revenue YoY | -4.7% | 3.0% |
| Net Profit YoY | -356.5% | -39.2% |
| EPS (diluted) | $-0.24 | $0.19 |
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 | — | $1.2B | ||
| Q3 25 | $439.3M | $1.2B | ||
| Q2 25 | $424.4M | $1.6B | ||
| Q1 25 | $425.4M | — | ||
| Q4 24 | $551.6M | $1.2B | ||
| Q3 24 | $461.1M | $1.2B | ||
| Q2 24 | $444.6M | $1.6B | ||
| Q1 24 | $475.2M | — |
| Q4 25 | — | $39.5M | ||
| Q3 25 | $-19.1M | $58.4M | ||
| Q2 25 | $-9.8M | $53.0M | ||
| Q1 25 | $835.0K | — | ||
| Q4 24 | $-222.4M | $65.0M | ||
| Q3 24 | $7.5M | $67.0M | ||
| Q2 24 | $3.9M | $73.0M | ||
| Q1 24 | $-40.2M | — |
| 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% | — |
| Q4 25 | — | 5.4% | ||
| Q3 25 | 2.5% | 7.5% | ||
| Q2 25 | 5.2% | 5.5% | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | -46.6% | 7.6% | ||
| Q3 24 | 11.1% | 7.8% | ||
| Q2 24 | 9.9% | 6.4% | ||
| Q1 24 | -3.3% | — |
| Q4 25 | — | 3.2% | ||
| Q3 25 | -4.4% | 4.7% | ||
| Q2 25 | -2.3% | 3.4% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -40.3% | 5.5% | ||
| Q3 24 | 1.6% | 5.5% | ||
| Q2 24 | 0.9% | 4.6% | ||
| Q1 24 | -8.5% | — |
| Q4 25 | — | $0.19 | ||
| Q3 25 | $-0.24 | $0.28 | ||
| Q2 25 | $-0.12 | $0.25 | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $-2.81 | $0.31 | ||
| Q3 24 | $0.09 | $0.32 | ||
| Q2 24 | $0.05 | $0.34 | ||
| Q1 24 | $-0.51 | — |
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 | $16.7M |
| Total DebtLower is stronger | $2.0B | $1.8B |
| Stockholders' EquityBook value | $470.7M | $1.4B |
| Total Assets | $2.9B | $4.3B |
| Debt / EquityLower = less leverage | 4.30× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.7M | ||
| Q3 25 | $60.9M | $11.0M | ||
| Q2 25 | $54.1M | $7.3M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $50.6M | $15.0M | ||
| Q3 24 | $54.7M | $6.9M | ||
| Q2 24 | $40.3M | $15.8M | ||
| Q1 24 | $42.5M | — |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.0B | $1.0B | ||
| Q1 24 | $2.0B | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $470.7M | $1.4B | ||
| Q2 25 | $501.4M | $1.4B | ||
| Q1 25 | $513.1M | — | ||
| Q4 24 | $524.8M | $1.4B | ||
| Q3 24 | $755.3M | $1.4B | ||
| Q2 24 | $765.0M | $1.4B | ||
| Q1 24 | $781.2M | — |
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.9B | $4.3B | ||
| Q2 25 | $2.9B | $4.3B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $3.4B | $3.4B | ||
| Q2 24 | $3.4B | $3.4B | ||
| Q1 24 | $3.4B | — |
| Q4 25 | — | 1.25× | ||
| Q3 25 | 4.30× | 1.23× | ||
| Q2 25 | 3.97× | 1.26× | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | 0.75× | ||
| Q3 24 | 2.75× | 0.77× | ||
| Q2 24 | 2.67× | 0.76× | ||
| 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 | $54.4M |
| Free Cash FlowOCF − Capex | $-70.7M | $30.4M |
| FCF MarginFCF / Revenue | -16.1% | 2.5% |
| Capex IntensityCapex / Revenue | 1.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 1.38× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $325.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $54.4M | ||
| Q3 25 | $-64.6M | $130.8M | ||
| Q2 25 | $17.8M | $135.6M | ||
| Q1 25 | $52.7M | — | ||
| Q4 24 | $80.3M | $113.9M | ||
| Q3 24 | $4.2M | $63.3M | ||
| Q2 24 | $11.3M | $105.1M | ||
| Q1 24 | $35.1M | — |
| Q4 25 | — | $30.4M | ||
| Q3 25 | $-70.7M | $100.0M | ||
| Q2 25 | $11.5M | $110.1M | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | $88.6M | ||
| Q3 24 | $-679.0K | $35.4M | ||
| Q2 24 | $5.2M | $71.8M | ||
| Q1 24 | $27.5M | — |
| Q4 25 | — | 2.5% | ||
| Q3 25 | -16.1% | 8.0% | ||
| Q2 25 | 2.7% | 7.1% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | 7.4% | ||
| Q3 24 | -0.1% | 2.9% | ||
| Q2 24 | 1.2% | 4.6% | ||
| Q1 24 | 5.8% | — |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 1.4% | 2.5% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.6% | 2.1% | ||
| Q3 24 | 1.0% | 2.3% | ||
| Q2 24 | 1.4% | 2.1% | ||
| Q1 24 | 1.6% | — |
| Q4 25 | — | 1.38× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 2.56× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | 0.56× | 0.94× | ||
| Q2 24 | 2.87× | 1.44× | ||
| Q1 24 | — | — |
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% |
FLO
Segment breakdown not available.
