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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and MACH NATURAL RESOURCES LP (MNR). 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 $387.5M, roughly 1.1× MACH NATURAL RESOURCES LP). MACH NATURAL RESOURCES LP runs the higher net margin — 18.9% vs -4.4%, a 23.2% gap on every dollar of revenue. On growth, MACH NATURAL RESOURCES LP posted the faster year-over-year revenue change (65.0% vs -4.7%). Over the past eight quarters, MACH NATURAL RESOURCES LP's revenue compounded faster (27.3% 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.

Mach Natural Resources LP is a US-based upstream energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. Its core operations are located in onshore US hydrocarbon basins including the Permian Basin, prioritizing low-cost, high-yield assets to drive sustainable returns for stakeholders.

BGS vs MNR — Head-to-Head

Bigger by revenue
BGS
BGS
1.1× larger
BGS
$439.3M
$387.5M
MNR
Growing faster (revenue YoY)
MNR
MNR
+69.7% gap
MNR
65.0%
-4.7%
BGS
Higher net margin
MNR
MNR
23.2% more per $
MNR
18.9%
-4.4%
BGS
Faster 2-yr revenue CAGR
MNR
MNR
Annualised
MNR
27.3%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
MNR
MNR
Revenue
$439.3M
$387.5M
Net Profit
$-19.1M
$73.1M
Gross Margin
22.5%
Operating Margin
2.5%
26.1%
Net Margin
-4.4%
18.9%
Revenue YoY
-4.7%
65.0%
Net Profit YoY
-356.5%
100.2%
EPS (diluted)
$-0.24
$0.47

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
MNR
MNR
Q4 25
$387.5M
Q3 25
$439.3M
$272.6M
Q2 25
$424.4M
$288.5M
Q1 25
$425.4M
$226.8M
Q4 24
$551.6M
$234.9M
Q3 24
$461.1M
$255.5M
Q2 24
$444.6M
$240.0M
Q1 24
$475.2M
$239.2M
Net Profit
BGS
BGS
MNR
MNR
Q4 25
$73.1M
Q3 25
$-19.1M
$-35.7M
Q2 25
$-9.8M
$89.7M
Q1 25
$835.0K
$15.9M
Q4 24
$-222.4M
$36.5M
Q3 24
$7.5M
$67.4M
Q2 24
$3.9M
$39.5M
Q1 24
$-40.2M
$41.7M
Gross Margin
BGS
BGS
MNR
MNR
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 24
22.9%
Operating Margin
BGS
BGS
MNR
MNR
Q4 25
26.1%
Q3 25
2.5%
-7.0%
Q2 25
5.2%
38.6%
Q1 25
8.4%
22.8%
Q4 24
-46.6%
24.9%
Q3 24
11.1%
37.1%
Q2 24
9.9%
29.4%
Q1 24
-3.3%
28.1%
Net Margin
BGS
BGS
MNR
MNR
Q4 25
18.9%
Q3 25
-4.4%
-13.1%
Q2 25
-2.3%
31.1%
Q1 25
0.2%
7.0%
Q4 24
-40.3%
15.5%
Q3 24
1.6%
26.4%
Q2 24
0.9%
16.5%
Q1 24
-8.5%
17.4%
EPS (diluted)
BGS
BGS
MNR
MNR
Q4 25
$0.47
Q3 25
$-0.24
$-0.28
Q2 25
$-0.12
$0.76
Q1 25
$0.01
$0.14
Q4 24
$-2.81
$0.34
Q3 24
$0.09
$0.70
Q2 24
$0.05
$0.42
Q1 24
$-0.51
$0.44

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
MNR
MNR
Cash + ST InvestmentsLiquidity on hand
$60.9M
$42.6M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$470.7M
Total Assets
$2.9B
$3.8B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
MNR
MNR
Q4 25
$42.6M
Q3 25
$60.9M
$53.6M
Q2 25
$54.1M
$13.8M
Q1 25
$61.2M
$7.8M
Q4 24
$50.6M
$105.8M
Q3 24
$54.7M
$184.5M
Q2 24
$40.3M
$144.6M
Q1 24
$42.5M
$151.3M
Total Debt
BGS
BGS
MNR
MNR
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
Stockholders' Equity
BGS
BGS
MNR
MNR
Q4 25
Q3 25
$470.7M
Q2 25
$501.4M
Q1 25
$513.1M
Q4 24
$524.8M
Q3 24
$755.3M
Q2 24
$765.0M
Q1 24
$781.2M
Total Assets
BGS
BGS
MNR
MNR
Q4 25
$3.8B
Q3 25
$2.9B
$3.8B
Q2 25
$2.9B
$2.3B
Q1 25
$3.0B
$2.2B
Q4 24
$3.0B
$2.3B
Q3 24
$3.4B
$2.3B
Q2 24
$3.4B
$2.2B
Q1 24
$3.4B
$2.3B
Debt / Equity
BGS
BGS
MNR
MNR
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
BGS
BGS
MNR
MNR
Operating Cash FlowLast quarter
$-64.6M
$128.7M
Free Cash FlowOCF − Capex
$-70.7M
FCF MarginFCF / Revenue
-16.1%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.76×
TTM Free Cash FlowTrailing 4 quarters
$54.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
MNR
MNR
Q4 25
$128.7M
Q3 25
$-64.6M
$105.5M
Q2 25
$17.8M
$130.1M
Q1 25
$52.7M
$142.5M
Q4 24
$80.3M
$133.7M
Q3 24
$4.2M
$110.8M
Q2 24
$11.3M
$116.8M
Q1 24
$35.1M
$144.0M
Free Cash Flow
BGS
BGS
MNR
MNR
Q4 25
Q3 25
$-70.7M
Q2 25
$11.5M
Q1 25
$42.4M
Q4 24
$71.7M
Q3 24
$-679.0K
Q2 24
$5.2M
Q1 24
$27.5M
FCF Margin
BGS
BGS
MNR
MNR
Q4 25
Q3 25
-16.1%
Q2 25
2.7%
Q1 25
10.0%
Q4 24
13.0%
Q3 24
-0.1%
Q2 24
1.2%
Q1 24
5.8%
Capex Intensity
BGS
BGS
MNR
MNR
Q4 25
Q3 25
1.4%
Q2 25
1.5%
Q1 25
2.4%
Q4 24
1.6%
Q3 24
1.0%
Q2 24
1.4%
Q1 24
1.6%
Cash Conversion
BGS
BGS
MNR
MNR
Q4 25
1.76×
Q3 25
Q2 25
1.45×
Q1 25
63.17×
8.97×
Q4 24
3.66×
Q3 24
0.56×
1.64×
Q2 24
2.87×
2.96×
Q1 24
3.45×

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%

MNR
MNR

Oil Gas And Natural Gas Liquids Net$331.0M85%
Natural Gas Liquids Reserves$44.8M12%
Natural Gas Midstream$8.6M2%
Products$6.3M2%

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