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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
Global Business Travel Group, Inc. is the larger business by last-quarter revenue ($792.0M vs $439.3M, roughly 1.8× B&G Foods, Inc.). Global Business Travel Group, Inc. runs the higher net margin — 10.5% vs -4.4%, a 14.8% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -4.7%). Global Business Travel Group, Inc. produced more free cash flow last quarter ($13.0M vs $-70.7M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% 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.
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
BGS vs GBTG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $792.0M |
| Net Profit | $-19.1M | $83.0M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 3.7% |
| Net Margin | -4.4% | 10.5% |
| Revenue YoY | -4.7% | 34.0% |
| Net Profit YoY | -356.5% | 692.9% |
| EPS (diluted) | $-0.24 | $0.16 |
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 | — | $792.0M | ||
| Q3 25 | $439.3M | $674.0M | ||
| Q2 25 | $424.4M | $631.0M | ||
| Q1 25 | $425.4M | $621.0M | ||
| Q4 24 | $551.6M | $591.0M | ||
| Q3 24 | $461.1M | $597.0M | ||
| Q2 24 | $444.6M | $625.0M | ||
| Q1 24 | $475.2M | $610.0M |
| Q4 25 | — | $83.0M | ||
| Q3 25 | $-19.1M | $-62.0M | ||
| Q2 25 | $-9.8M | $15.0M | ||
| Q1 25 | $835.0K | $75.0M | ||
| Q4 24 | $-222.4M | $-14.0M | ||
| Q3 24 | $7.5M | $-128.0M | ||
| Q2 24 | $3.9M | $27.0M | ||
| Q1 24 | $-40.2M | $-19.0M |
| 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 | — | 3.7% | ||
| Q3 25 | 2.5% | 1.8% | ||
| Q2 25 | 5.2% | 5.4% | ||
| Q1 25 | 8.4% | 8.9% | ||
| Q4 24 | -46.6% | 5.1% | ||
| Q3 24 | 11.1% | 4.5% | ||
| Q2 24 | 9.9% | 6.7% | ||
| Q1 24 | -3.3% | 2.6% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | -4.4% | -9.2% | ||
| Q2 25 | -2.3% | 2.4% | ||
| Q1 25 | 0.2% | 12.1% | ||
| Q4 24 | -40.3% | -2.4% | ||
| Q3 24 | 1.6% | -21.4% | ||
| Q2 24 | 0.9% | 4.3% | ||
| Q1 24 | -8.5% | -3.1% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | $-0.24 | $-0.13 | ||
| Q2 25 | $-0.12 | $0.03 | ||
| Q1 25 | $0.01 | $0.16 | ||
| Q4 24 | $-2.81 | $-0.04 | ||
| Q3 24 | $0.09 | $-0.28 | ||
| Q2 24 | $0.05 | $0.06 | ||
| Q1 24 | $-0.51 | $-0.04 |
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 | $434.0M |
| Total DebtLower is stronger | $2.0B | $1.4B |
| Stockholders' EquityBook value | $470.7M | $1.6B |
| Total Assets | $2.9B | $4.9B |
| Debt / EquityLower = less leverage | 4.30× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $434.0M | ||
| Q3 25 | $60.9M | $427.0M | ||
| Q2 25 | $54.1M | $601.0M | ||
| Q1 25 | $61.2M | $552.0M | ||
| Q4 24 | $50.6M | $536.0M | ||
| Q3 24 | $54.7M | $524.0M | ||
| Q2 24 | $40.3M | $515.0M | ||
| Q1 24 | $42.5M | $475.0M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $470.7M | $1.5B | ||
| Q2 25 | $501.4M | $1.2B | ||
| Q1 25 | $513.1M | $1.1B | ||
| Q4 24 | $524.8M | $1.1B | ||
| Q3 24 | $755.3M | $1.1B | ||
| Q2 24 | $765.0M | $1.2B | ||
| Q1 24 | $781.2M | $1.2B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $2.9B | $4.8B | ||
| Q2 25 | $2.9B | $3.9B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.4B | $3.8B | ||
| Q2 24 | $3.4B | $3.8B | ||
| Q1 24 | $3.4B | $3.8B |
| Q4 25 | — | 0.88× | ||
| Q3 25 | 4.30× | 0.91× | ||
| Q2 25 | 3.97× | 1.15× | ||
| Q1 25 | 3.91× | 1.23× | ||
| Q4 24 | 3.85× | 1.32× | ||
| Q3 24 | 2.75× | 1.26× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-64.6M | $52.0M |
| Free Cash FlowOCF − Capex | $-70.7M | $13.0M |
| FCF MarginFCF / Revenue | -16.1% | 1.6% |
| Capex IntensityCapex / Revenue | 1.4% | 4.9% |
| Cash ConversionOCF / Net Profit | — | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $52.0M | ||
| Q3 25 | $-64.6M | $71.0M | ||
| Q2 25 | $17.8M | $57.0M | ||
| Q1 25 | $52.7M | $53.0M | ||
| Q4 24 | $80.3M | $65.0M | ||
| Q3 24 | $4.2M | $85.0M | ||
| Q2 24 | $11.3M | $73.0M | ||
| Q1 24 | $35.1M | $49.0M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | $-70.7M | $38.0M | ||
| Q2 25 | $11.5M | $27.0M | ||
| Q1 25 | $42.4M | $26.0M | ||
| Q4 24 | $71.7M | $33.0M | ||
| Q3 24 | $-679.0K | $59.0M | ||
| Q2 24 | $5.2M | $49.0M | ||
| Q1 24 | $27.5M | $24.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | -16.1% | 5.6% | ||
| Q2 25 | 2.7% | 4.3% | ||
| Q1 25 | 10.0% | 4.2% | ||
| Q4 24 | 13.0% | 5.6% | ||
| Q3 24 | -0.1% | 9.9% | ||
| Q2 24 | 1.2% | 7.8% | ||
| Q1 24 | 5.8% | 3.9% |
| Q4 25 | — | 4.9% | ||
| Q3 25 | 1.4% | 4.9% | ||
| Q2 25 | 1.5% | 4.8% | ||
| Q1 25 | 2.4% | 4.3% | ||
| Q4 24 | 1.6% | 5.4% | ||
| Q3 24 | 1.0% | 4.4% | ||
| Q2 24 | 1.4% | 3.8% | ||
| Q1 24 | 1.6% | 4.1% |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.80× | ||
| Q1 25 | 63.17× | 0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | 2.70× | ||
| 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% |
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
