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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Hillenbrand, Inc. (HI). Click either name above to swap in a different company.
Hillenbrand, Inc. is the larger business by last-quarter revenue ($550.2M vs $439.3M, roughly 1.3× B&G Foods, Inc.). Hillenbrand, Inc. runs the higher net margin — -0.4% vs -4.4%, a 4.0% gap on every dollar of revenue. On growth, B&G Foods, Inc. posted the faster year-over-year revenue change (-4.7% vs -22.2%). Hillenbrand, Inc. produced more free cash flow last quarter ($-31.6M vs $-70.7M). Over the past eight quarters, B&G Foods, Inc.'s revenue compounded faster (-12.8% CAGR vs -16.3%).
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.
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
BGS vs HI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $550.2M |
| Net Profit | $-19.1M | $-2.2M |
| Gross Margin | 22.5% | 33.4% |
| Operating Margin | 2.5% | -2.2% |
| Net Margin | -4.4% | -0.4% |
| Revenue YoY | -4.7% | -22.2% |
| Net Profit YoY | -356.5% | -134.4% |
| 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.
| Q4 25 | — | $550.2M | ||
| Q3 25 | $439.3M | $652.1M | ||
| Q2 25 | $424.4M | $598.9M | ||
| Q1 25 | $425.4M | $715.9M | ||
| Q4 24 | $551.6M | $706.9M | ||
| Q3 24 | $461.1M | $837.6M | ||
| Q2 24 | $444.6M | $786.6M | ||
| Q1 24 | $475.2M | $785.3M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | $-19.1M | $75.7M | ||
| Q2 25 | $-9.8M | $1.9M | ||
| Q1 25 | $835.0K | $-40.9M | ||
| Q4 24 | $-222.4M | $6.4M | ||
| Q3 24 | $7.5M | $14.6M | ||
| Q2 24 | $3.9M | $-248.9M | ||
| Q1 24 | $-40.2M | $6.1M |
| Q4 25 | — | 33.4% | ||
| Q3 25 | 22.5% | 34.8% | ||
| Q2 25 | 20.5% | 33.8% | ||
| Q1 25 | 21.2% | 33.0% | ||
| Q4 24 | 21.5% | 33.2% | ||
| Q3 24 | 22.2% | 34.4% | ||
| Q2 24 | 20.7% | 33.9% | ||
| Q1 24 | 22.9% | 31.9% |
| Q4 25 | — | -2.2% | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 5.2% | 1.8% | ||
| Q1 25 | 8.4% | -6.2% | ||
| Q4 24 | -46.6% | 2.2% | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 9.9% | -32.7% | ||
| Q1 24 | -3.3% | 1.6% |
| Q4 25 | — | -0.4% | ||
| Q3 25 | -4.4% | 11.6% | ||
| Q2 25 | -2.3% | 0.3% | ||
| Q1 25 | 0.2% | -5.7% | ||
| Q4 24 | -40.3% | 0.9% | ||
| Q3 24 | 1.6% | 1.7% | ||
| Q2 24 | 0.9% | -31.6% | ||
| Q1 24 | -8.5% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.24 | $1.07 | ||
| Q2 25 | $-0.12 | $0.03 | ||
| Q1 25 | $0.01 | $-0.58 | ||
| Q4 24 | $-2.81 | $0.09 | ||
| Q3 24 | $0.09 | $0.20 | ||
| Q2 24 | $0.05 | $-3.53 | ||
| Q1 24 | $-0.51 | $0.09 |
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 | $173.1M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $1.4B |
| Total Assets | $2.9B | $4.5B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $173.1M | ||
| Q3 25 | $60.9M | $164.8M | ||
| Q2 25 | $54.1M | $162.8M | ||
| Q1 25 | $61.2M | $458.4M | ||
| Q4 24 | $50.6M | $208.0M | ||
| Q3 24 | $54.7M | $199.3M | ||
| Q2 24 | $40.3M | $223.8M | ||
| Q1 24 | $42.5M | $224.4M |
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.0B | $2.1B | ||
| Q1 24 | $2.0B | $2.1B |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $470.7M | $1.4B | ||
| Q2 25 | $501.4M | $1.3B | ||
| Q1 25 | $513.1M | $1.3B | ||
| Q4 24 | $524.8M | $1.4B | ||
| Q3 24 | $755.3M | $1.4B | ||
| Q2 24 | $765.0M | $1.4B | ||
| Q1 24 | $781.2M | $1.7B |
| Q4 25 | — | $4.5B | ||
| Q3 25 | $2.9B | $4.5B | ||
| Q2 25 | $2.9B | $4.7B | ||
| Q1 25 | $3.0B | $4.8B | ||
| Q4 24 | $3.0B | $5.1B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.4B | $5.3B | ||
| Q1 24 | $3.4B | $5.6B |
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | 1.10× | ||
| Q2 25 | 3.97× | 1.27× | ||
| Q1 25 | 3.91× | 1.44× | ||
| Q4 24 | 3.85× | 1.38× | ||
| Q3 24 | 2.75× | 1.33× | ||
| Q2 24 | 2.67× | 1.48× | ||
| Q1 24 | 2.61× | 1.28× |
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 | $-27.4M |
| Free Cash FlowOCF − Capex | $-70.7M | $-31.6M |
| FCF MarginFCF / Revenue | -16.1% | -5.7% |
| Capex IntensityCapex / Revenue | 1.4% | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $7.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-27.4M | ||
| Q3 25 | $-64.6M | $67.7M | ||
| Q2 25 | $17.8M | $-1.5M | ||
| Q1 25 | $52.7M | $1.3M | ||
| Q4 24 | $80.3M | $-11.3M | ||
| Q3 24 | $4.2M | $166.5M | ||
| Q2 24 | $11.3M | $45.6M | ||
| Q1 24 | $35.1M | $3.2M |
| Q4 25 | — | $-31.6M | ||
| Q3 25 | $-70.7M | $58.6M | ||
| Q2 25 | $11.5M | $-11.2M | ||
| Q1 25 | $42.4M | $-8.0M | ||
| Q4 24 | $71.7M | $-21.5M | ||
| Q3 24 | $-679.0K | $153.4M | ||
| Q2 24 | $5.2M | $29.7M | ||
| Q1 24 | $27.5M | $-9.6M |
| Q4 25 | — | -5.7% | ||
| Q3 25 | -16.1% | 9.0% | ||
| Q2 25 | 2.7% | -1.9% | ||
| Q1 25 | 10.0% | -1.1% | ||
| Q4 24 | 13.0% | -3.0% | ||
| Q3 24 | -0.1% | 18.3% | ||
| Q2 24 | 1.2% | 3.8% | ||
| Q1 24 | 5.8% | -1.2% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.4% | 1.4% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 2.4% | 1.3% | ||
| Q4 24 | 1.6% | 1.4% | ||
| Q3 24 | 1.0% | 1.6% | ||
| Q2 24 | 1.4% | 2.0% | ||
| Q1 24 | 1.6% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | -0.79× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | -1.77× | ||
| Q3 24 | 0.56× | 11.40× | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | 0.52× |
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% |
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
