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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.
Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $439.3M, roughly 1.1× B&G Foods, Inc.). B&G Foods, Inc. runs the higher net margin — -4.4% vs -7.3%, a 3.0% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs -4.7%). Acushnet Holdings Corp. produced more free cash flow last quarter ($-23.3M vs $-70.7M). Over the past eight quarters, B&G Foods, Inc.'s revenue compounded faster (-12.8% CAGR vs -17.9%).
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.
The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.
BGS vs GOLF — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $477.2M |
| Net Profit | $-19.1M | $-34.9M |
| Gross Margin | 22.5% | 44.1% |
| Operating Margin | 2.5% | -3.8% |
| Net Margin | -4.4% | -7.3% |
| Revenue YoY | -4.7% | 7.2% |
| Net Profit YoY | -356.5% | -3027.3% |
| EPS (diluted) | $-0.24 | $-0.57 |
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 | — | $477.2M | ||
| Q3 25 | $439.3M | $657.7M | ||
| Q2 25 | $424.4M | $720.5M | ||
| Q1 25 | $425.4M | $703.4M | ||
| Q4 24 | $551.6M | $445.2M | ||
| Q3 24 | $461.1M | $620.5M | ||
| Q2 24 | $444.6M | $683.9M | ||
| Q1 24 | $475.2M | $707.6M |
| Q4 25 | — | $-34.9M | ||
| Q3 25 | $-19.1M | $48.5M | ||
| Q2 25 | $-9.8M | $75.6M | ||
| Q1 25 | $835.0K | $99.4M | ||
| Q4 24 | $-222.4M | $-1.1M | ||
| Q3 24 | $7.5M | $56.2M | ||
| Q2 24 | $3.9M | $71.4M | ||
| Q1 24 | $-40.2M | $87.8M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | 22.5% | 48.5% | ||
| Q2 25 | 20.5% | 49.2% | ||
| Q1 25 | 21.2% | 47.9% | ||
| Q4 24 | 21.5% | 22.6% | ||
| Q3 24 | 22.2% | 54.4% | ||
| Q2 24 | 20.7% | 54.4% | ||
| Q1 24 | 22.9% | 53.4% |
| Q4 25 | — | -3.8% | ||
| Q3 25 | 2.5% | 14.1% | ||
| Q2 25 | 5.2% | 15.2% | ||
| Q1 25 | 8.4% | 16.3% | ||
| Q4 24 | -46.6% | -1.2% | ||
| Q3 24 | 11.1% | 13.2% | ||
| Q2 24 | 9.9% | 15.5% | ||
| Q1 24 | -3.3% | 17.2% |
| Q4 25 | — | -7.3% | ||
| Q3 25 | -4.4% | 7.4% | ||
| Q2 25 | -2.3% | 10.5% | ||
| Q1 25 | 0.2% | 14.1% | ||
| Q4 24 | -40.3% | -0.3% | ||
| Q3 24 | 1.6% | 9.1% | ||
| Q2 24 | 0.9% | 10.4% | ||
| Q1 24 | -8.5% | 12.4% |
| Q4 25 | — | $-0.57 | ||
| Q3 25 | $-0.24 | $0.81 | ||
| Q2 25 | $-0.12 | $1.25 | ||
| Q1 25 | $0.01 | $1.62 | ||
| Q4 24 | $-2.81 | $0.02 | ||
| Q3 24 | $0.09 | $0.89 | ||
| Q2 24 | $0.05 | $1.11 | ||
| Q1 24 | $-0.51 | $1.35 |
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 | — |
| Total DebtLower is stronger | $2.0B | $926.2M |
| Stockholders' EquityBook value | $470.7M | $783.6M |
| Total Assets | $2.9B | $2.3B |
| Debt / EquityLower = less leverage | 4.30× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | $926.2M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $753.1M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | — | $783.6M | ||
| Q3 25 | $470.7M | $852.3M | ||
| Q2 25 | $501.4M | $808.5M | ||
| Q1 25 | $513.1M | $780.3M | ||
| Q4 24 | $524.8M | $765.2M | ||
| Q3 24 | $755.3M | $863.9M | ||
| Q2 24 | $765.0M | $863.7M | ||
| Q1 24 | $781.2M | $883.7M |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.4B | $2.3B | ||
| Q2 24 | $3.4B | $2.3B | ||
| Q1 24 | $3.4B | $2.4B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | 0.98× | ||
| Q3 24 | 2.75× | — | ||
| 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 | $-338.0K |
| Free Cash FlowOCF − Capex | $-70.7M | $-23.3M |
| FCF MarginFCF / Revenue | -16.1% | -4.9% |
| Capex IntensityCapex / Revenue | 1.4% | 4.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $120.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-338.0K | ||
| Q3 25 | $-64.6M | $163.1M | ||
| Q2 25 | $17.8M | $151.9M | ||
| Q1 25 | $52.7M | $-120.3M | ||
| Q4 24 | $80.3M | $-1.1M | ||
| Q3 24 | $4.2M | $144.1M | ||
| Q2 24 | $11.3M | $211.6M | ||
| Q1 24 | $35.1M | $-109.5M |
| Q4 25 | — | $-23.3M | ||
| Q3 25 | $-70.7M | $136.9M | ||
| Q2 25 | $11.5M | $138.0M | ||
| Q1 25 | $42.4M | $-131.5M | ||
| Q4 24 | $71.7M | $-33.2M | ||
| Q3 24 | $-679.0K | $123.7M | ||
| Q2 24 | $5.2M | $196.8M | ||
| Q1 24 | $27.5M | $-116.8M |
| Q4 25 | — | -4.9% | ||
| Q3 25 | -16.1% | 20.8% | ||
| Q2 25 | 2.7% | 19.2% | ||
| Q1 25 | 10.0% | -18.7% | ||
| Q4 24 | 13.0% | -7.5% | ||
| Q3 24 | -0.1% | 19.9% | ||
| Q2 24 | 1.2% | 28.8% | ||
| Q1 24 | 5.8% | -16.5% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 1.4% | 4.0% | ||
| Q2 25 | 1.5% | 1.9% | ||
| Q1 25 | 2.4% | 1.6% | ||
| Q4 24 | 1.6% | 7.2% | ||
| Q3 24 | 1.0% | 3.3% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | 1.6% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | 2.01× | ||
| Q1 25 | 63.17× | -1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 2.56× | ||
| Q2 24 | 2.87× | 2.96× | ||
| Q1 24 | — | -1.25× |
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% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
