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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Hillman Solutions Corp. (HLMN). 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 $370.1M, roughly 1.2× Hillman Solutions Corp.). Hillman Solutions Corp. runs the higher net margin — -1.3% vs -4.4%, a 3.1% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs -4.7%). Hillman Solutions Corp. produced more free cash flow last quarter ($-34.3M vs $-70.7M). Over the past eight quarters, Hillman Solutions Corp.'s revenue compounded faster (-1.2% 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.
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
BGS vs HLMN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $370.1M |
| Net Profit | $-19.1M | $-4.7M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 1.9% |
| Net Margin | -4.4% | -1.3% |
| Revenue YoY | -4.7% | 3.0% |
| Net Profit YoY | -356.5% | — |
| EPS (diluted) | $-0.24 | $-0.02 |
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 | — | $370.1M | ||
| Q4 25 | — | $365.1M | ||
| Q3 25 | $439.3M | $424.9M | ||
| Q2 25 | $424.4M | $402.8M | ||
| Q1 25 | $425.4M | $359.3M | ||
| Q4 24 | $551.6M | $349.6M | ||
| Q3 24 | $461.1M | $393.3M | ||
| Q2 24 | $444.6M | $379.4M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | — | $1.6M | ||
| Q3 25 | $-19.1M | $23.2M | ||
| Q2 25 | $-9.8M | $15.8M | ||
| Q1 25 | $835.0K | $-317.0K | ||
| Q4 24 | $-222.4M | $-1.2M | ||
| Q3 24 | $7.5M | $7.4M | ||
| Q2 24 | $3.9M | $12.5M |
| 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 | — | 1.9% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 2.5% | 10.8% | ||
| Q2 25 | 5.2% | 9.0% | ||
| Q1 25 | 8.4% | 4.2% | ||
| Q4 24 | -46.6% | 4.0% | ||
| Q3 24 | 11.1% | 6.8% | ||
| Q2 24 | 9.9% | 8.3% |
| Q1 26 | — | -1.3% | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | -4.4% | 5.5% | ||
| Q2 25 | -2.3% | 3.9% | ||
| Q1 25 | 0.2% | -0.1% | ||
| Q4 24 | -40.3% | -0.3% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 0.9% | 3.3% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $0.00 | ||
| Q3 25 | $-0.24 | $0.12 | ||
| Q2 25 | $-0.12 | $0.08 | ||
| Q1 25 | $0.01 | $0.00 | ||
| Q4 24 | $-2.81 | $-0.00 | ||
| Q3 24 | $0.09 | $0.04 | ||
| Q2 24 | $0.05 | $0.06 |
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 | $27.7M |
| Total DebtLower is stronger | $2.0B | $714.1M |
| Stockholders' EquityBook value | $470.7M | $1.2B |
| Total Assets | $2.9B | $2.4B |
| Debt / EquityLower = less leverage | 4.30× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $27.7M | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $60.9M | $37.7M | ||
| Q2 25 | $54.1M | $34.2M | ||
| Q1 25 | $61.2M | $36.3M | ||
| Q4 24 | $50.6M | $44.5M | ||
| Q3 24 | $54.7M | $59.8M | ||
| Q2 24 | $40.3M | $54.0M |
| Q1 26 | — | $714.1M | ||
| Q4 25 | — | $668.3M | ||
| Q3 25 | $2.0B | $683.2M | ||
| Q2 25 | $2.0B | $683.1M | ||
| Q1 25 | $2.0B | $713.5M | ||
| Q4 24 | $2.0B | $691.7M | ||
| Q3 24 | $2.1B | $730.7M | ||
| Q2 24 | $2.0B | $732.1M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $470.7M | $1.2B | ||
| Q2 25 | $501.4M | $1.2B | ||
| Q1 25 | $513.1M | $1.2B | ||
| Q4 24 | $524.8M | $1.2B | ||
| Q3 24 | $755.3M | $1.2B | ||
| Q2 24 | $765.0M | $1.2B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.4B | $2.4B | ||
| Q2 24 | $3.4B | $2.4B |
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | 4.30× | 0.56× | ||
| Q2 25 | 3.97× | 0.57× | ||
| Q1 25 | 3.91× | 0.60× | ||
| Q4 24 | 3.85× | 0.59× | ||
| Q3 24 | 2.75× | 0.62× | ||
| Q2 24 | 2.67× | 0.62× |
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 | $-34.3M |
| FCF MarginFCF / Revenue | -16.1% | -9.3% |
| Capex IntensityCapex / Revenue | 1.4% | 4.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $30.9M | ||
| Q3 25 | $-64.6M | $26.2M | ||
| Q2 25 | $17.8M | $48.7M | ||
| Q1 25 | $52.7M | $-655.0K | ||
| Q4 24 | $80.3M | $43.1M | ||
| Q3 24 | $4.2M | $63.7M | ||
| Q2 24 | $11.3M | $64.8M |
| Q1 26 | — | $-34.3M | ||
| Q4 25 | — | $16.1M | ||
| Q3 25 | $-70.7M | $9.1M | ||
| Q2 25 | $11.5M | $31.2M | ||
| Q1 25 | $42.4M | $-21.3M | ||
| Q4 24 | $71.7M | $22.1M | ||
| Q3 24 | $-679.0K | $39.6M | ||
| Q2 24 | $5.2M | $42.5M |
| Q1 26 | — | -9.3% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | -16.1% | 2.1% | ||
| Q2 25 | 2.7% | 7.7% | ||
| Q1 25 | 10.0% | -5.9% | ||
| Q4 24 | 13.0% | 6.3% | ||
| Q3 24 | -0.1% | 10.1% | ||
| Q2 24 | 1.2% | 11.2% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | 1.4% | 4.0% | ||
| Q2 25 | 1.5% | 4.3% | ||
| Q1 25 | 2.4% | 5.7% | ||
| Q4 24 | 1.6% | 6.0% | ||
| Q3 24 | 1.0% | 6.1% | ||
| Q2 24 | 1.4% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.33× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 3.08× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 8.57× | ||
| Q2 24 | 2.87× | 5.17× |
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% |
HLMN
Segment breakdown not available.
