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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and HCI Group, Inc. (HCI). 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 $246.2M, roughly 1.8× HCI Group, Inc.). HCI Group, Inc. runs the higher net margin — 39.7% vs -4.4%, a 44.0% gap on every dollar of revenue. On growth, HCI Group, Inc. posted the faster year-over-year revenue change (52.1% vs -4.7%). HCI Group, Inc. produced more free cash flow last quarter ($440.8M vs $-70.7M). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (9.2% 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.
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
BGS vs HCI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $246.2M |
| Net Profit | $-19.1M | $97.7M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 58.5% |
| Net Margin | -4.4% | 39.7% |
| Revenue YoY | -4.7% | 52.1% |
| Net Profit YoY | -356.5% | 3679.2% |
| EPS (diluted) | $-0.24 | $7.29 |
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 | — | $246.2M | ||
| Q3 25 | $439.3M | $216.3M | ||
| Q2 25 | $424.4M | $221.9M | ||
| Q1 25 | $425.4M | $216.4M | ||
| Q4 24 | $551.6M | $161.9M | ||
| Q3 24 | $461.1M | $175.3M | ||
| Q2 24 | $444.6M | $206.2M | ||
| Q1 24 | $475.2M | $206.6M |
| Q4 25 | — | $97.7M | ||
| Q3 25 | $-19.1M | $65.5M | ||
| Q2 25 | $-9.8M | $66.2M | ||
| Q1 25 | $835.0K | $69.7M | ||
| Q4 24 | $-222.4M | $2.6M | ||
| Q3 24 | $7.5M | $5.7M | ||
| Q2 24 | $3.9M | $54.1M | ||
| Q1 24 | $-40.2M | $47.6M |
| 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 | — | 58.5% | ||
| Q3 25 | 2.5% | 41.9% | ||
| Q2 25 | 5.2% | 42.5% | ||
| Q1 25 | 8.4% | 46.4% | ||
| Q4 24 | -46.6% | 3.6% | ||
| Q3 24 | 11.1% | 8.0% | ||
| Q2 24 | 9.9% | 36.9% | ||
| Q1 24 | -3.3% | 37.5% |
| Q4 25 | — | 39.7% | ||
| Q3 25 | -4.4% | 30.3% | ||
| Q2 25 | -2.3% | 29.8% | ||
| Q1 25 | 0.2% | 32.2% | ||
| Q4 24 | -40.3% | 1.6% | ||
| Q3 24 | 1.6% | 3.2% | ||
| Q2 24 | 0.9% | 26.2% | ||
| Q1 24 | -8.5% | 23.0% |
| Q4 25 | — | $7.29 | ||
| Q3 25 | $-0.24 | $4.90 | ||
| Q2 25 | $-0.12 | $5.18 | ||
| Q1 25 | $0.01 | $5.35 | ||
| Q4 24 | $-2.81 | $0.32 | ||
| Q3 24 | $0.09 | $0.52 | ||
| Q2 24 | $0.05 | $4.24 | ||
| Q1 24 | $-0.51 | $3.81 |
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 | $1.2B |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $1.0B |
| Total Assets | $2.9B | $2.5B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.2B | ||
| Q3 25 | $60.9M | $987.9M | ||
| Q2 25 | $54.1M | $947.2M | ||
| Q1 25 | $61.2M | $754.5M | ||
| Q4 24 | $50.6M | $532.5M | ||
| Q3 24 | $54.7M | $518.8M | ||
| Q2 24 | $40.3M | $445.8M | ||
| Q1 24 | $42.5M | $655.4M |
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $470.7M | $821.8M | ||
| Q2 25 | $501.4M | $758.6M | ||
| Q1 25 | $513.1M | $522.7M | ||
| Q4 24 | $524.8M | $453.3M | ||
| Q3 24 | $755.3M | $455.3M | ||
| Q2 24 | $765.0M | $447.3M | ||
| Q1 24 | $781.2M | $395.7M |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.4B | $1.9B | ||
| Q1 24 | $3.4B | $1.8B |
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| 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 | $444.4M |
| Free Cash FlowOCF − Capex | $-70.7M | $440.8M |
| FCF MarginFCF / Revenue | -16.1% | 179.0% |
| Capex IntensityCapex / Revenue | 1.4% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $771.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $444.4M | ||
| Q3 25 | $-64.6M | $26.7M | ||
| Q2 25 | $17.8M | $145.0M | ||
| Q1 25 | $52.7M | $162.0M | ||
| Q4 24 | $80.3M | $331.8M | ||
| Q3 24 | $4.2M | $104.1M | ||
| Q2 24 | $11.3M | $-29.0M | ||
| Q1 24 | $35.1M | $182.0M |
| Q4 25 | — | $440.8M | ||
| Q3 25 | $-70.7M | $25.9M | ||
| Q2 25 | $11.5M | $144.5M | ||
| Q1 25 | $42.4M | $160.3M | ||
| Q4 24 | $71.7M | $327.8M | ||
| Q3 24 | $-679.0K | $103.2M | ||
| Q2 24 | $5.2M | $-30.1M | ||
| Q1 24 | $27.5M | $181.0M |
| Q4 25 | — | 179.0% | ||
| Q3 25 | -16.1% | 12.0% | ||
| Q2 25 | 2.7% | 65.1% | ||
| Q1 25 | 10.0% | 74.1% | ||
| Q4 24 | 13.0% | 202.5% | ||
| Q3 24 | -0.1% | 58.9% | ||
| Q2 24 | 1.2% | -14.6% | ||
| Q1 24 | 5.8% | 87.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.5% | 0.2% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 1.6% | 2.5% | ||
| Q3 24 | 1.0% | 0.5% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 1.6% | 0.5% |
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | 63.17× | 2.32× | ||
| Q4 24 | — | 128.41× | ||
| Q3 24 | 0.56× | 18.33× | ||
| Q2 24 | 2.87× | -0.54× | ||
| Q1 24 | — | 3.82× |
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% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
