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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and IHS Holding Ltd (IHS). 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 $254.0M, roughly 1.7× IHS Holding Ltd). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -4.7%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $-70.7M). Over the past eight quarters, B&G Foods, Inc.'s revenue compounded faster (-12.8% CAGR vs -22.0%).

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.

IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.

BGS vs IHS — Head-to-Head

Bigger by revenue
BGS
BGS
1.7× larger
BGS
$439.3M
$254.0M
IHS
Growing faster (revenue YoY)
IHS
IHS
+4.8% gap
IHS
0.1%
-4.7%
BGS
More free cash flow
IHS
IHS
$249.3M more FCF
IHS
$178.6M
$-70.7M
BGS
Faster 2-yr revenue CAGR
BGS
BGS
Annualised
BGS
-12.8%
-22.0%
IHS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
IHS
IHS
Revenue
$439.3M
$254.0M
Net Profit
$-19.1M
Gross Margin
22.5%
83.6%
Operating Margin
2.5%
Net Margin
-4.4%
Revenue YoY
-4.7%
0.1%
Net Profit YoY
-356.5%
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.

Revenue
BGS
BGS
IHS
IHS
Q4 25
$254.0M
Q3 25
$439.3M
$455.1M
Q2 25
$424.4M
$433.3M
Q1 25
$425.4M
$439.6M
Q4 24
$551.6M
$253.8M
Q3 24
$461.1M
$420.3M
Q2 24
$444.6M
$435.4M
Q1 24
$475.2M
$417.7M
Net Profit
BGS
BGS
IHS
IHS
Q4 25
Q3 25
$-19.1M
$147.4M
Q2 25
$-9.8M
$32.3M
Q1 25
$835.0K
$30.7M
Q4 24
$-222.4M
Q3 24
$7.5M
$-205.7M
Q2 24
$3.9M
$-124.3M
Q1 24
$-40.2M
$-1.6B
Gross Margin
BGS
BGS
IHS
IHS
Q4 25
83.6%
Q3 25
22.5%
47.5%
Q2 25
20.5%
51.3%
Q1 25
21.2%
51.4%
Q4 24
21.5%
72.1%
Q3 24
22.2%
52.0%
Q2 24
20.7%
52.5%
Q1 24
22.9%
39.1%
Operating Margin
BGS
BGS
IHS
IHS
Q4 25
Q3 25
2.5%
35.1%
Q2 25
5.2%
33.8%
Q1 25
8.4%
37.1%
Q4 24
-46.6%
Q3 24
11.1%
29.9%
Q2 24
9.9%
34.0%
Q1 24
-3.3%
-1.7%
Net Margin
BGS
BGS
IHS
IHS
Q4 25
Q3 25
-4.4%
32.4%
Q2 25
-2.3%
7.5%
Q1 25
0.2%
7.0%
Q4 24
-40.3%
Q3 24
1.6%
-48.9%
Q2 24
0.9%
-28.5%
Q1 24
-8.5%
-372.8%
EPS (diluted)
BGS
BGS
IHS
IHS
Q4 25
Q3 25
$-0.24
$0.44
Q2 25
$-0.12
$0.10
Q1 25
$0.01
$0.10
Q4 24
$-2.81
Q3 24
$0.09
$-0.61
Q2 24
$0.05
$-0.36
Q1 24
$-0.51
$-4.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BGS
BGS
IHS
IHS
Cash + ST InvestmentsLiquidity on hand
$60.9M
$825.7M
Total DebtLower is stronger
$2.0B
$3.1B
Stockholders' EquityBook value
$470.7M
$-89.8M
Total Assets
$2.9B
$4.5B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
IHS
IHS
Q4 25
$825.7M
Q3 25
$60.9M
$647.6M
Q2 25
$54.1M
$531.8M
Q1 25
$61.2M
$629.0M
Q4 24
$50.6M
$578.0M
Q3 24
$54.7M
$397.5M
Q2 24
$40.3M
$445.7M
Q1 24
$42.5M
$333.2M
Total Debt
BGS
BGS
IHS
IHS
Q4 25
$3.1B
Q3 25
$2.0B
$3.3B
Q2 25
$2.0B
$3.2B
Q1 25
$2.0B
$3.4B
Q4 24
$2.0B
$3.3B
Q3 24
$2.1B
$3.5B
Q2 24
$2.0B
$3.6B
Q1 24
$2.0B
$3.5B
Stockholders' Equity
BGS
BGS
IHS
IHS
Q4 25
$-89.8M
Q3 25
$470.7M
$38.1M
Q2 25
$501.4M
$-98.4M
Q1 25
$513.1M
$-184.4M
Q4 24
$524.8M
$-314.4M
Q3 24
$755.3M
$-284.7M
Q2 24
$765.0M
$-308.3M
Q1 24
$781.2M
$-163.2M
Total Assets
BGS
BGS
IHS
IHS
Q4 25
$4.5B
Q3 25
$2.9B
$4.7B
Q2 25
$2.9B
$4.5B
Q1 25
$3.0B
$4.4B
Q4 24
$3.0B
$4.2B
Q3 24
$3.4B
$4.6B
Q2 24
$3.4B
$4.5B
Q1 24
$3.4B
$4.6B
Debt / Equity
BGS
BGS
IHS
IHS
Q4 25
Q3 25
4.30×
85.85×
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
BGS
BGS
IHS
IHS
Operating Cash FlowLast quarter
$-64.6M
$246.9M
Free Cash FlowOCF − Capex
$-70.7M
$178.6M
FCF MarginFCF / Revenue
-16.1%
70.3%
Capex IntensityCapex / Revenue
1.4%
26.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$718.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
IHS
IHS
Q4 25
$246.9M
Q3 25
$-64.6M
$251.3M
Q2 25
$17.8M
$237.7M
Q1 25
$52.7M
$200.3M
Q4 24
$80.3M
$344.4M
Q3 24
$4.2M
$174.5M
Q2 24
$11.3M
$134.7M
Q1 24
$35.1M
$75.8M
Free Cash Flow
BGS
BGS
IHS
IHS
Q4 25
$178.6M
Q3 25
$-70.7M
$189.2M
Q2 25
$11.5M
$197.7M
Q1 25
$42.4M
$153.2M
Q4 24
$71.7M
$282.9M
Q3 24
$-679.0K
$122.3M
Q2 24
$5.2M
$74.2M
Q1 24
$27.5M
$14.8M
FCF Margin
BGS
BGS
IHS
IHS
Q4 25
70.3%
Q3 25
-16.1%
41.6%
Q2 25
2.7%
45.6%
Q1 25
10.0%
34.8%
Q4 24
13.0%
111.5%
Q3 24
-0.1%
29.1%
Q2 24
1.2%
17.0%
Q1 24
5.8%
3.5%
Capex Intensity
BGS
BGS
IHS
IHS
Q4 25
26.9%
Q3 25
1.4%
13.6%
Q2 25
1.5%
9.2%
Q1 25
2.4%
10.7%
Q4 24
1.6%
24.2%
Q3 24
1.0%
12.4%
Q2 24
1.4%
13.9%
Q1 24
1.6%
14.6%
Cash Conversion
BGS
BGS
IHS
IHS
Q4 25
Q3 25
1.70×
Q2 25
7.36×
Q1 25
63.17×
6.52×
Q4 24
Q3 24
0.56×
Q2 24
2.87×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGS
BGS

Specialty Segment$150.5M34%
Meals Segment$110.0M25%
Spices And Flavor Solutions Segment$101.4M23%
Frozen And Vegetables Segment$77.4M18%

IHS
IHS

Segment breakdown not available.

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