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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $439.3M, roughly 1.9× B&G Foods, Inc.). MSCI Inc. runs the higher net margin — 34.6% vs -4.4%, a 39.0% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs -4.7%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $-70.7M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
BGS vs MSCI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $822.5M |
| Net Profit | $-19.1M | $284.7M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 56.4% |
| Net Margin | -4.4% | 34.6% |
| Revenue YoY | -4.7% | 10.6% |
| Net Profit YoY | -356.5% | -6.8% |
| EPS (diluted) | $-0.24 | $3.81 |
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 | — | $822.5M | ||
| Q3 25 | $439.3M | $793.4M | ||
| Q2 25 | $424.4M | $772.7M | ||
| Q1 25 | $425.4M | $745.8M | ||
| Q4 24 | $551.6M | $743.5M | ||
| Q3 24 | $461.1M | $724.7M | ||
| Q2 24 | $444.6M | $707.9M | ||
| Q1 24 | $475.2M | $680.0M |
| Q4 25 | — | $284.7M | ||
| Q3 25 | $-19.1M | $325.4M | ||
| Q2 25 | $-9.8M | $303.6M | ||
| Q1 25 | $835.0K | $288.6M | ||
| Q4 24 | $-222.4M | $305.5M | ||
| Q3 24 | $7.5M | $280.9M | ||
| Q2 24 | $3.9M | $266.8M | ||
| Q1 24 | $-40.2M | $256.0M |
| 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% | — |
| Q4 25 | — | 56.4% | ||
| Q3 25 | 2.5% | 56.4% | ||
| Q2 25 | 5.2% | 55.0% | ||
| Q1 25 | 8.4% | 50.6% | ||
| Q4 24 | -46.6% | 54.5% | ||
| Q3 24 | 11.1% | 55.4% | ||
| Q2 24 | 9.9% | 54.0% | ||
| Q1 24 | -3.3% | 49.9% |
| Q4 25 | — | 34.6% | ||
| Q3 25 | -4.4% | 41.0% | ||
| Q2 25 | -2.3% | 39.3% | ||
| Q1 25 | 0.2% | 38.7% | ||
| Q4 24 | -40.3% | 41.1% | ||
| Q3 24 | 1.6% | 38.8% | ||
| Q2 24 | 0.9% | 37.7% | ||
| Q1 24 | -8.5% | 37.6% |
| Q4 25 | — | $3.81 | ||
| Q3 25 | $-0.24 | $4.25 | ||
| Q2 25 | $-0.12 | $3.92 | ||
| Q1 25 | $0.01 | $3.71 | ||
| Q4 24 | $-2.81 | $3.89 | ||
| Q3 24 | $0.09 | $3.57 | ||
| Q2 24 | $0.05 | $3.37 | ||
| Q1 24 | $-0.51 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $2.0B | $6.2B |
| Stockholders' EquityBook value | $470.7M | $-2.7B |
| Total Assets | $2.9B | $5.7B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $515.3M | ||
| Q3 25 | $60.9M | $400.1M | ||
| Q2 25 | $54.1M | $347.3M | ||
| Q1 25 | $61.2M | $360.7M | ||
| Q4 24 | $50.6M | $409.4M | ||
| Q3 24 | $54.7M | $501.0M | ||
| Q2 24 | $40.3M | $451.4M | ||
| Q1 24 | $42.5M | $519.3M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $2.0B | $5.5B | ||
| Q2 25 | $2.0B | $4.5B | ||
| Q1 25 | $2.0B | $4.5B | ||
| Q4 24 | $2.0B | $4.5B | ||
| Q3 24 | $2.1B | $4.5B | ||
| Q2 24 | $2.0B | $4.5B | ||
| Q1 24 | $2.0B | $4.5B |
| Q4 25 | — | $-2.7B | ||
| Q3 25 | $470.7M | $-1.9B | ||
| Q2 25 | $501.4M | $-886.2M | ||
| Q1 25 | $513.1M | $-958.6M | ||
| Q4 24 | $524.8M | $-940.0M | ||
| Q3 24 | $755.3M | $-751.0M | ||
| Q2 24 | $765.0M | $-734.5M | ||
| Q1 24 | $781.2M | $-650.5M |
| Q4 25 | — | $5.7B | ||
| Q3 25 | $2.9B | $5.4B | ||
| Q2 25 | $2.9B | $5.4B | ||
| Q1 25 | $3.0B | $5.3B | ||
| Q4 24 | $3.0B | $5.4B | ||
| Q3 24 | $3.4B | $5.4B | ||
| Q2 24 | $3.4B | $5.5B | ||
| Q1 24 | $3.4B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | $-70.7M | $488.7M |
| FCF MarginFCF / Revenue | -16.1% | 59.4% |
| Capex IntensityCapex / Revenue | 1.4% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $501.1M | ||
| Q3 25 | $-64.6M | $449.4M | ||
| Q2 25 | $17.8M | $336.1M | ||
| Q1 25 | $52.7M | $301.7M | ||
| Q4 24 | $80.3M | $430.6M | ||
| Q3 24 | $4.2M | $421.6M | ||
| Q2 24 | $11.3M | $349.2M | ||
| Q1 24 | $35.1M | $300.1M |
| Q4 25 | — | $488.7M | ||
| Q3 25 | $-70.7M | $445.5M | ||
| Q2 25 | $11.5M | $324.7M | ||
| Q1 25 | $42.4M | $290.2M | ||
| Q4 24 | $71.7M | $416.4M | ||
| Q3 24 | $-679.0K | $415.0M | ||
| Q2 24 | $5.2M | $340.6M | ||
| Q1 24 | $27.5M | $295.9M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | -16.1% | 56.2% | ||
| Q2 25 | 2.7% | 42.0% | ||
| Q1 25 | 10.0% | 38.9% | ||
| Q4 24 | 13.0% | 56.0% | ||
| Q3 24 | -0.1% | 57.3% | ||
| Q2 24 | 1.2% | 48.1% | ||
| Q1 24 | 5.8% | 43.5% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.4% | 0.5% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 2.4% | 1.5% | ||
| Q4 24 | 1.6% | 1.9% | ||
| Q3 24 | 1.0% | 0.9% | ||
| Q2 24 | 1.4% | 1.2% | ||
| Q1 24 | 1.6% | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | 63.17× | 1.05× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 0.56× | 1.50× | ||
| Q2 24 | 2.87× | 1.31× | ||
| Q1 24 | — | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
