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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Gaming & Leisure Properties, Inc. (GLPI). 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 $420.0M, roughly 1.0× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -4.4%, a 61.4% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -4.7%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% 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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
BGS vs GLPI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $420.0M |
| Net Profit | $-19.1M | $239.4M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 79.4% |
| Net Margin | -4.4% | 57.0% |
| Revenue YoY | -4.7% | 6.3% |
| Net Profit YoY | -356.5% | 40.5% |
| EPS (diluted) | $-0.24 | — |
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.
| Q1 26 | — | $420.0M | ||
| Q4 25 | — | $407.0M | ||
| Q3 25 | $439.3M | $397.6M | ||
| Q2 25 | $424.4M | $394.9M | ||
| Q1 25 | $425.4M | $395.2M | ||
| Q4 24 | $551.6M | $389.6M | ||
| Q3 24 | $461.1M | $385.3M | ||
| Q2 24 | $444.6M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | — | $275.4M | ||
| Q3 25 | $-19.1M | $241.2M | ||
| Q2 25 | $-9.8M | $151.4M | ||
| Q1 25 | $835.0K | $165.2M | ||
| Q4 24 | $-222.4M | $223.6M | ||
| Q3 24 | $7.5M | $184.7M | ||
| Q2 24 | $3.9M | $208.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 79.4% | ||
| Q4 25 | — | 89.3% | ||
| Q3 25 | 2.5% | 84.8% | ||
| Q2 25 | 5.2% | 61.3% | ||
| Q1 25 | 8.4% | 65.5% | ||
| Q4 24 | -46.6% | 79.1% | ||
| Q3 24 | 11.1% | 70.4% | ||
| Q2 24 | 9.9% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | — | 67.6% | ||
| Q3 25 | -4.4% | 60.7% | ||
| Q2 25 | -2.3% | 38.4% | ||
| Q1 25 | 0.2% | 41.8% | ||
| Q4 24 | -40.3% | 57.4% | ||
| Q3 24 | 1.6% | 47.9% | ||
| Q2 24 | 0.9% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.96 | ||
| Q3 25 | $-0.24 | $0.85 | ||
| Q2 25 | $-0.12 | $0.54 | ||
| Q1 25 | $0.01 | $0.60 | ||
| Q4 24 | $-2.81 | $0.79 | ||
| Q3 24 | $0.09 | $0.67 | ||
| Q2 24 | $0.05 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $5.0B |
| Total Assets | $2.9B | $13.8B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | — | — | ||
| Q3 25 | $60.9M | — | ||
| Q2 25 | $54.1M | — | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $50.6M | $560.8M | ||
| Q3 24 | $54.7M | $560.8M | ||
| Q2 24 | $40.3M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | $2.0B | $7.2B | ||
| Q2 25 | $2.0B | $6.9B | ||
| Q1 25 | $2.0B | $6.9B | ||
| Q4 24 | $2.0B | $7.7B | ||
| Q3 24 | $2.1B | $7.4B | ||
| Q2 24 | $2.0B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | $470.7M | $4.6B | ||
| Q2 25 | $501.4M | $4.6B | ||
| Q1 25 | $513.1M | $4.2B | ||
| Q4 24 | $524.8M | $4.3B | ||
| Q3 24 | $755.3M | $4.3B | ||
| Q2 24 | $765.0M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | — | $12.9B | ||
| Q3 25 | $2.9B | $12.8B | ||
| Q2 25 | $2.9B | $12.5B | ||
| Q1 25 | $3.0B | $12.1B | ||
| Q4 24 | $3.0B | $13.1B | ||
| Q3 24 | $3.4B | $12.7B | ||
| Q2 24 | $3.4B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | 4.30× | 1.57× | ||
| Q2 25 | 3.97× | 1.51× | ||
| Q1 25 | 3.91× | 1.63× | ||
| Q4 24 | 3.85× | 1.81× | ||
| Q3 24 | 2.75× | 1.74× | ||
| Q2 24 | 2.67× | 1.60× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $-64.6M | $240.3M | ||
| Q2 25 | $17.8M | $293.4M | ||
| Q1 25 | $52.7M | $252.5M | ||
| Q4 24 | $80.3M | $1.1B | ||
| Q3 24 | $4.2M | $270.4M | ||
| Q2 24 | $11.3M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-70.7M | $183.0M | ||
| Q2 25 | $11.5M | $272.3M | ||
| Q1 25 | $42.4M | $239.6M | ||
| Q4 24 | $71.7M | $1.1B | ||
| Q3 24 | $-679.0K | $261.5M | ||
| Q2 24 | $5.2M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -16.1% | 46.0% | ||
| Q2 25 | 2.7% | 69.0% | ||
| Q1 25 | 10.0% | 60.6% | ||
| Q4 24 | 13.0% | 275.3% | ||
| Q3 24 | -0.1% | 67.9% | ||
| Q2 24 | 1.2% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.4% | 14.4% | ||
| Q2 25 | 1.5% | 5.3% | ||
| Q1 25 | 2.4% | 3.3% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 1.0% | 2.3% | ||
| Q2 24 | 1.4% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | 63.17× | 1.53× | ||
| Q4 24 | — | 4.80× | ||
| Q3 24 | 0.56× | 1.46× | ||
| Q2 24 | 2.87× | 1.21× |
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% |
GLPI
Segment breakdown not available.
