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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and IPG PHOTONICS CORP (IPGP). 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 $274.5M, roughly 1.6× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -4.4%, a 9.2% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs -4.7%). IPG PHOTONICS CORP produced more free cash flow last quarter ($10.9M vs $-70.7M). Over the past eight quarters, IPG PHOTONICS CORP's revenue compounded faster (4.4% 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.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
BGS vs IPGP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $274.5M |
| Net Profit | $-19.1M | $13.3M |
| Gross Margin | 22.5% | 36.1% |
| Operating Margin | 2.5% | 1.2% |
| Net Margin | -4.4% | 4.8% |
| Revenue YoY | -4.7% | 17.1% |
| Net Profit YoY | -356.5% | 69.8% |
| EPS (diluted) | $-0.24 | $0.30 |
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 | — | $274.5M | ||
| Q3 25 | $439.3M | $250.8M | ||
| Q2 25 | $424.4M | $250.7M | ||
| Q1 25 | $425.4M | $227.8M | ||
| Q4 24 | $551.6M | $234.3M | ||
| Q3 24 | $461.1M | $233.1M | ||
| Q2 24 | $444.6M | $257.6M | ||
| Q1 24 | $475.2M | $252.0M |
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-19.1M | $7.5M | ||
| Q2 25 | $-9.8M | $6.6M | ||
| Q1 25 | $835.0K | $3.8M | ||
| Q4 24 | $-222.4M | $7.8M | ||
| Q3 24 | $7.5M | $-233.6M | ||
| Q2 24 | $3.9M | $20.2M | ||
| Q1 24 | $-40.2M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | 22.5% | 39.5% | ||
| Q2 25 | 20.5% | 37.3% | ||
| Q1 25 | 21.2% | 39.4% | ||
| Q4 24 | 21.5% | 38.6% | ||
| Q3 24 | 22.2% | 23.2% | ||
| Q2 24 | 20.7% | 37.3% | ||
| Q1 24 | 22.9% | 38.7% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 2.5% | 3.1% | ||
| Q2 25 | 5.2% | 0.0% | ||
| Q1 25 | 8.4% | 0.8% | ||
| Q4 24 | -46.6% | 6.0% | ||
| Q3 24 | 11.1% | -108.7% | ||
| Q2 24 | 9.9% | 4.7% | ||
| Q1 24 | -3.3% | 7.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | -4.4% | 3.0% | ||
| Q2 25 | -2.3% | 2.6% | ||
| Q1 25 | 0.2% | 1.6% | ||
| Q4 24 | -40.3% | 3.3% | ||
| Q3 24 | 1.6% | -100.2% | ||
| Q2 24 | 0.9% | 7.8% | ||
| Q1 24 | -8.5% | 9.6% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | $-0.24 | $0.18 | ||
| Q2 25 | $-0.12 | $0.16 | ||
| Q1 25 | $0.01 | $0.09 | ||
| Q4 24 | $-2.81 | $0.27 | ||
| Q3 24 | $0.09 | $-5.33 | ||
| Q2 24 | $0.05 | $0.45 | ||
| Q1 24 | $-0.51 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $2.1B |
| Total Assets | $2.9B | $2.4B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $839.3M | ||
| Q3 25 | $60.9M | $870.4M | ||
| Q2 25 | $54.1M | $899.6M | ||
| Q1 25 | $61.2M | $926.9M | ||
| Q4 24 | $50.6M | $930.2M | ||
| Q3 24 | $54.7M | $1.0B | ||
| Q2 24 | $40.3M | $1.1B | ||
| Q1 24 | $42.5M | $1.1B |
| 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 | — | $2.1B | ||
| Q3 25 | $470.7M | $2.1B | ||
| Q2 25 | $501.4M | $2.1B | ||
| Q1 25 | $513.1M | $2.1B | ||
| Q4 24 | $524.8M | $2.0B | ||
| Q3 24 | $755.3M | $2.1B | ||
| Q2 24 | $765.0M | $2.3B | ||
| Q1 24 | $781.2M | $2.3B |
| 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 | $2.5B | ||
| Q1 24 | $3.4B | $2.6B |
| 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 | $28.8M |
| Free Cash FlowOCF − Capex | $-70.7M | $10.9M |
| FCF MarginFCF / Revenue | -16.1% | 4.0% |
| Capex IntensityCapex / Revenue | 1.4% | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.8M | ||
| Q3 25 | $-64.6M | $35.3M | ||
| Q2 25 | $17.8M | $-2.2M | ||
| Q1 25 | $52.7M | $13.4M | ||
| Q4 24 | $80.3M | $73.8M | ||
| Q3 24 | $4.2M | $66.1M | ||
| Q2 24 | $11.3M | $53.5M | ||
| Q1 24 | $35.1M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | $-70.7M | $14.6M | ||
| Q2 25 | $11.5M | $-17.6M | ||
| Q1 25 | $42.4M | $-11.4M | ||
| Q4 24 | $71.7M | $50.6M | ||
| Q3 24 | $-679.0K | $43.0M | ||
| Q2 24 | $5.2M | $29.2M | ||
| Q1 24 | $27.5M | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | -16.1% | 5.8% | ||
| Q2 25 | 2.7% | -7.0% | ||
| Q1 25 | 10.0% | -5.0% | ||
| Q4 24 | 13.0% | 21.6% | ||
| Q3 24 | -0.1% | 18.4% | ||
| Q2 24 | 1.2% | 11.3% | ||
| Q1 24 | 5.8% | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 1.4% | 8.3% | ||
| Q2 25 | 1.5% | 6.1% | ||
| Q1 25 | 2.4% | 10.9% | ||
| Q4 24 | 1.6% | 9.9% | ||
| Q3 24 | 1.0% | 9.9% | ||
| Q2 24 | 1.4% | 9.4% | ||
| Q1 24 | 1.6% | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | — | -0.34× | ||
| Q1 25 | 63.17× | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | 2.65× | ||
| Q1 24 | — | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
