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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $439.3M, roughly 2.1× B&G Foods, Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs -4.4%, a 27.7% gap on every dollar of revenue. On growth, B&G Foods, Inc. posted the faster year-over-year revenue change (-4.7% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% 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.

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.

BGS vs NJR — Head-to-Head

Bigger by revenue
NJR
NJR
2.1× larger
NJR
$939.4M
$439.3M
BGS
Growing faster (revenue YoY)
BGS
BGS
+28.2% gap
BGS
-4.7%
-33.0%
NJR
Higher net margin
NJR
NJR
27.7% more per $
NJR
23.3%
-4.4%
BGS
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
BGS
BGS
NJR
NJR
Revenue
$439.3M
$939.4M
Net Profit
$-19.1M
$218.9M
Gross Margin
22.5%
Operating Margin
2.5%
32.0%
Net Margin
-4.4%
23.3%
Revenue YoY
-4.7%
-33.0%
Net Profit YoY
-356.5%
7.2%
EPS (diluted)
$-0.24
$2.16

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
NJR
NJR
Q1 26
$939.4M
Q4 25
$440.9M
Q3 25
$439.3M
$188.3M
Q2 25
$424.4M
$234.8M
Q1 25
$425.4M
$569.2M
Q4 24
$551.6M
$359.0M
Q3 24
$461.1M
$265.7M
Q2 24
$444.6M
$209.9M
Net Profit
BGS
BGS
NJR
NJR
Q1 26
$218.9M
Q4 25
$122.5M
Q3 25
$-19.1M
$15.1M
Q2 25
$-9.8M
$-15.1M
Q1 25
$835.0K
$204.3M
Q4 24
$-222.4M
$131.3M
Q3 24
$7.5M
$91.1M
Q2 24
$3.9M
$-11.6M
Gross Margin
BGS
BGS
NJR
NJR
Q1 26
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%
Operating Margin
BGS
BGS
NJR
NJR
Q1 26
32.0%
Q4 25
40.6%
Q3 25
2.5%
21.5%
Q2 25
5.2%
-0.5%
Q1 25
8.4%
49.2%
Q4 24
-46.6%
52.8%
Q3 24
11.1%
55.0%
Q2 24
9.9%
2.8%
Net Margin
BGS
BGS
NJR
NJR
Q1 26
23.3%
Q4 25
27.8%
Q3 25
-4.4%
8.0%
Q2 25
-2.3%
-6.4%
Q1 25
0.2%
35.9%
Q4 24
-40.3%
36.6%
Q3 24
1.6%
34.3%
Q2 24
0.9%
-5.5%
EPS (diluted)
BGS
BGS
NJR
NJR
Q1 26
$2.16
Q4 25
$1.21
Q3 25
$-0.24
$0.15
Q2 25
$-0.12
$-0.15
Q1 25
$0.01
$2.02
Q4 24
$-2.81
$1.31
Q3 24
$0.09
$0.91
Q2 24
$0.05
$-0.12

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
NJR
NJR
Q1 26
Q4 25
$2.4M
Q3 25
$60.9M
$591.0K
Q2 25
$54.1M
$931.0K
Q1 25
$61.2M
$83.7M
Q4 24
$50.6M
$1.9M
Q3 24
$54.7M
$1.0M
Q2 24
$40.3M
$22.4M
Total Debt
BGS
BGS
NJR
NJR
Q1 26
Q4 25
$3.3B
Q3 25
$2.0B
$3.3B
Q2 25
$2.0B
$3.0B
Q1 25
$2.0B
$3.0B
Q4 24
$2.0B
$3.0B
Q3 24
$2.1B
$2.9B
Q2 24
$2.0B
$2.8B
Stockholders' Equity
BGS
BGS
NJR
NJR
Q1 26
Q4 25
$2.5B
Q3 25
$470.7M
$2.4B
Q2 25
$501.4M
$2.4B
Q1 25
$513.1M
$2.5B
Q4 24
$524.8M
$2.3B
Q3 24
$755.3M
$2.2B
Q2 24
$765.0M
$2.1B
Total Assets
BGS
BGS
NJR
NJR
Q1 26
Q4 25
$7.9B
Q3 25
$2.9B
$7.6B
Q2 25
$2.9B
$7.3B
Q1 25
$3.0B
$7.3B
Q4 24
$3.0B
$7.2B
Q3 24
$3.4B
$7.0B
Q2 24
$3.4B
$6.8B
Debt / Equity
BGS
BGS
NJR
NJR
Q1 26
Q4 25
1.32×
Q3 25
4.30×
1.36×
Q2 25
3.97×
1.25×
Q1 25
3.91×
1.20×
Q4 24
3.85×
1.29×
Q3 24
2.75×
1.31×
Q2 24
2.67×
1.30×

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
NJR
NJR
Operating Cash FlowLast quarter
$-64.6M
Free Cash FlowOCF − Capex
$-70.7M
FCF MarginFCF / Revenue
-16.1%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$54.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
NJR
NJR
Q1 26
Q4 25
$26.7M
Q3 25
$-64.6M
$81.2M
Q2 25
$17.8M
$-28.9M
Q1 25
$52.7M
$423.0M
Q4 24
$80.3M
$-9.0M
Q3 24
$4.2M
$64.5M
Q2 24
$11.3M
$24.3M
Free Cash Flow
BGS
BGS
NJR
NJR
Q1 26
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
FCF Margin
BGS
BGS
NJR
NJR
Q1 26
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%
Capex Intensity
BGS
BGS
NJR
NJR
Q1 26
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%
Cash Conversion
BGS
BGS
NJR
NJR
Q1 26
Q4 25
0.22×
Q3 25
5.39×
Q2 25
Q1 25
63.17×
2.07×
Q4 24
-0.07×
Q3 24
0.56×
0.71×
Q2 24
2.87×

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%

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

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