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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and KADANT INC (KAI). 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 $271.6M, roughly 1.6× KADANT INC). KADANT INC runs the higher net margin — 10.2% vs -4.4%, a 14.6% gap on every dollar of revenue. On growth, KADANT INC posted the faster year-over-year revenue change (-0.0% vs -4.7%). KADANT INC produced more free cash flow last quarter ($44.1M vs $-70.7M). Over the past eight quarters, KADANT INC's revenue compounded faster (6.7% 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.

Kadant Inc. is a company that was established in 1991, as a partly privately owned subsidiary of Thermo Electron, and partly publicly traded company, and was fully spun out and renamed Kadant in 2001. The company supports papermaking, paper recycling, wood processing, material handling, and other processing industries. Kadant is a multi-national corporation with operations in Asia, Europe, North America, and South America.

BGS vs KAI — Head-to-Head

Bigger by revenue
BGS
BGS
1.6× larger
BGS
$439.3M
$271.6M
KAI
Growing faster (revenue YoY)
KAI
KAI
+4.7% gap
KAI
-0.0%
-4.7%
BGS
Higher net margin
KAI
KAI
14.6% more per $
KAI
10.2%
-4.4%
BGS
More free cash flow
KAI
KAI
$114.8M more FCF
KAI
$44.1M
$-70.7M
BGS
Faster 2-yr revenue CAGR
KAI
KAI
Annualised
KAI
6.7%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
BGS
BGS
KAI
KAI
Revenue
$439.3M
$271.6M
Net Profit
$-19.1M
$27.7M
Gross Margin
22.5%
45.2%
Operating Margin
2.5%
15.7%
Net Margin
-4.4%
10.2%
Revenue YoY
-4.7%
-0.0%
Net Profit YoY
-356.5%
-12.2%
EPS (diluted)
$-0.24
$2.35

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
KAI
KAI
Q3 25
$439.3M
$271.6M
Q2 25
$424.4M
$255.3M
Q1 25
$425.4M
$239.2M
Q4 24
$551.6M
$258.0M
Q3 24
$461.1M
$271.6M
Q2 24
$444.6M
$274.8M
Q1 24
$475.2M
$249.0M
Q4 23
$578.1M
$238.7M
Net Profit
BGS
BGS
KAI
KAI
Q3 25
$-19.1M
$27.7M
Q2 25
$-9.8M
$26.2M
Q1 25
$835.0K
$24.1M
Q4 24
$-222.4M
$24.0M
Q3 24
$7.5M
$31.6M
Q2 24
$3.9M
$31.3M
Q1 24
$-40.2M
$24.7M
Q4 23
$2.6M
$27.4M
Gross Margin
BGS
BGS
KAI
KAI
Q3 25
22.5%
45.2%
Q2 25
20.5%
45.9%
Q1 25
21.2%
46.1%
Q4 24
21.5%
43.4%
Q3 24
22.2%
44.7%
Q2 24
20.7%
44.4%
Q1 24
22.9%
44.6%
Q4 23
21.7%
42.7%
Operating Margin
BGS
BGS
KAI
KAI
Q3 25
2.5%
15.7%
Q2 25
5.2%
15.4%
Q1 25
8.4%
14.9%
Q4 24
-46.6%
14.3%
Q3 24
11.1%
18.0%
Q2 24
9.9%
17.6%
Q1 24
-3.3%
14.8%
Q4 23
7.2%
16.3%
Net Margin
BGS
BGS
KAI
KAI
Q3 25
-4.4%
10.2%
Q2 25
-2.3%
10.2%
Q1 25
0.2%
10.1%
Q4 24
-40.3%
9.3%
Q3 24
1.6%
11.6%
Q2 24
0.9%
11.4%
Q1 24
-8.5%
9.9%
Q4 23
0.4%
11.5%
EPS (diluted)
BGS
BGS
KAI
KAI
Q3 25
$-0.24
$2.35
Q2 25
$-0.12
$2.22
Q1 25
$0.01
$2.04
Q4 24
$-2.81
$2.04
Q3 24
$0.09
$2.68
Q2 24
$0.05
$2.66
Q1 24
$-0.51
$2.10
Q4 23
$0.02
$2.33

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
KAI
KAI
Cash + ST InvestmentsLiquidity on hand
$60.9M
$124.5M
Total DebtLower is stronger
$2.0B
$254.6M
Stockholders' EquityBook value
$470.7M
$949.8M
Total Assets
$2.9B
$1.5B
Debt / EquityLower = less leverage
4.30×
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
KAI
KAI
Q3 25
$60.9M
$124.5M
Q2 25
$54.1M
$95.3M
Q1 25
$61.2M
$91.7M
Q4 24
$50.6M
$94.7M
Q3 24
$54.7M
$88.4M
Q2 24
$40.3M
$73.8M
Q1 24
$42.5M
$81.4M
Q4 23
$41.1M
$103.8M
Total Debt
BGS
BGS
KAI
KAI
Q3 25
$2.0B
$254.6M
Q2 25
$2.0B
$245.7M
Q1 25
$2.0B
$273.5M
Q4 24
$2.0B
$285.2M
Q3 24
$2.1B
$323.2M
Q2 24
$2.0B
$342.0M
Q1 24
$2.0B
$306.8M
Q4 23
$2.0B
$107.7M
Stockholders' Equity
BGS
BGS
KAI
KAI
Q3 25
$470.7M
$949.8M
Q2 25
$501.4M
$926.0M
Q1 25
$513.1M
$876.0M
Q4 24
$524.8M
$847.1M
Q3 24
$755.3M
$851.7M
Q2 24
$765.0M
$807.7M
Q1 24
$781.2M
$782.7M
Q4 23
$835.5M
$773.7M
Total Assets
BGS
BGS
KAI
KAI
Q3 25
$2.9B
$1.5B
Q2 25
$2.9B
$1.5B
Q1 25
$3.0B
$1.4B
Q4 24
$3.0B
$1.4B
Q3 24
$3.4B
$1.5B
Q2 24
$3.4B
$1.5B
Q1 24
$3.4B
$1.4B
Q4 23
$3.5B
$1.2B
Debt / Equity
BGS
BGS
KAI
KAI
Q3 25
4.30×
0.27×
Q2 25
3.97×
0.27×
Q1 25
3.91×
0.31×
Q4 24
3.85×
0.34×
Q3 24
2.75×
0.38×
Q2 24
2.67×
0.42×
Q1 24
2.61×
0.39×
Q4 23
2.45×
0.14×

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
KAI
KAI
Operating Cash FlowLast quarter
$-64.6M
$47.3M
Free Cash FlowOCF − Capex
$-70.7M
$44.1M
FCF MarginFCF / Revenue
-16.1%
16.2%
Capex IntensityCapex / Revenue
1.4%
1.2%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$145.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
KAI
KAI
Q3 25
$-64.6M
$47.3M
Q2 25
$17.8M
$40.5M
Q1 25
$52.7M
$22.8M
Q4 24
$80.3M
$51.9M
Q3 24
$4.2M
$52.5M
Q2 24
$11.3M
$28.1M
Q1 24
$35.1M
$22.8M
Q4 23
$92.1M
$59.2M
Free Cash Flow
BGS
BGS
KAI
KAI
Q3 25
$-70.7M
$44.1M
Q2 25
$11.5M
$36.5M
Q1 25
$42.4M
$19.0M
Q4 24
$71.7M
$46.3M
Q3 24
$-679.0K
$48.3M
Q2 24
$5.2M
$23.1M
Q1 24
$27.5M
$16.6M
Q4 23
$83.3M
$49.5M
FCF Margin
BGS
BGS
KAI
KAI
Q3 25
-16.1%
16.2%
Q2 25
2.7%
14.3%
Q1 25
10.0%
7.9%
Q4 24
13.0%
17.9%
Q3 24
-0.1%
17.8%
Q2 24
1.2%
8.4%
Q1 24
5.8%
6.7%
Q4 23
14.4%
20.7%
Capex Intensity
BGS
BGS
KAI
KAI
Q3 25
1.4%
1.2%
Q2 25
1.5%
1.6%
Q1 25
2.4%
1.6%
Q4 24
1.6%
2.2%
Q3 24
1.0%
1.5%
Q2 24
1.4%
1.8%
Q1 24
1.6%
2.5%
Q4 23
1.5%
4.1%
Cash Conversion
BGS
BGS
KAI
KAI
Q3 25
1.70×
Q2 25
1.55×
Q1 25
63.17×
0.95×
Q4 24
2.16×
Q3 24
0.56×
1.66×
Q2 24
2.87×
0.90×
Q1 24
0.92×
Q4 23
35.76×
2.16×

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%

KAI
KAI

Flow Control$94.8M35%
Capital$83.2M31%
Material Handling Systems$70.3M26%
Transferred Over Time$17.1M6%
Other$6.1M2%

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