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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and RAYONIER ADVANCED MATERIALS INC. (RYAM). 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 $417.5M, roughly 1.1× RAYONIER ADVANCED MATERIALS INC.). B&G Foods, Inc. runs the higher net margin — -4.4% vs -5.0%, a 0.7% gap on every dollar of revenue. On growth, RAYONIER ADVANCED MATERIALS INC. posted the faster year-over-year revenue change (-1.2% vs -4.7%). Over the past eight quarters, RAYONIER ADVANCED MATERIALS INC.'s revenue compounded faster (3.8% 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.

Rayonier Advanced Materials recently rebranded as RYAM. RYAM is an American company recognized globally for its cellulose-based technologies. Specializing in high-purity cellulose specialties, RYAM produces natural polymers extensively used in manufacturing filters, food, pharmaceuticals, and various industrial applications. Additionally, the company produces products for the paper and packaging industries. The company is publicly traded on the New York Stock Exchange under the ticker symbol ...

BGS vs RYAM — Head-to-Head

Bigger by revenue
BGS
BGS
1.1× larger
BGS
$439.3M
$417.5M
RYAM
Growing faster (revenue YoY)
RYAM
RYAM
+3.5% gap
RYAM
-1.2%
-4.7%
BGS
Higher net margin
BGS
BGS
0.7% more per $
BGS
-4.4%
-5.0%
RYAM
Faster 2-yr revenue CAGR
RYAM
RYAM
Annualised
RYAM
3.8%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
RYAM
RYAM
Revenue
$439.3M
$417.5M
Net Profit
$-19.1M
$-21.1M
Gross Margin
22.5%
8.9%
Operating Margin
2.5%
2.6%
Net Margin
-4.4%
-5.0%
Revenue YoY
-4.7%
-1.2%
Net Profit YoY
-356.5%
-31.9%
EPS (diluted)
$-0.24
$-0.33

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
RYAM
RYAM
Q4 25
$417.5M
Q3 25
$439.3M
$352.8M
Q2 25
$424.4M
$340.0M
Q1 25
$425.4M
$356.0M
Q4 24
$551.6M
$422.5M
Q3 24
$461.1M
$401.1M
Q2 24
$444.6M
$419.0M
Q1 24
$475.2M
$387.7M
Net Profit
BGS
BGS
RYAM
RYAM
Q4 25
$-21.1M
Q3 25
$-19.1M
$-4.5M
Q2 25
$-9.8M
$-363.2M
Q1 25
$835.0K
$-32.0M
Q4 24
$-222.4M
$-16.0M
Q3 24
$7.5M
$-32.6M
Q2 24
$3.9M
$11.4M
Q1 24
$-40.2M
$-1.6M
Gross Margin
BGS
BGS
RYAM
RYAM
Q4 25
8.9%
Q3 25
22.5%
9.7%
Q2 25
20.5%
7.0%
Q1 25
21.2%
6.8%
Q4 24
21.5%
8.7%
Q3 24
22.2%
10.9%
Q2 24
20.7%
11.5%
Q1 24
22.9%
9.5%
Operating Margin
BGS
BGS
RYAM
RYAM
Q4 25
2.6%
Q3 25
2.5%
2.8%
Q2 25
5.2%
-0.4%
Q1 25
8.4%
-4.2%
Q4 24
-46.6%
2.6%
Q3 24
11.1%
-4.2%
Q2 24
9.9%
6.7%
Q1 24
-3.3%
4.4%
Net Margin
BGS
BGS
RYAM
RYAM
Q4 25
-5.0%
Q3 25
-4.4%
-1.3%
Q2 25
-2.3%
-106.8%
Q1 25
0.2%
-9.0%
Q4 24
-40.3%
-3.8%
Q3 24
1.6%
-8.1%
Q2 24
0.9%
2.7%
Q1 24
-8.5%
-0.4%
EPS (diluted)
BGS
BGS
RYAM
RYAM
Q4 25
$-0.33
Q3 25
$-0.24
$-0.07
Q2 25
$-0.12
$-5.44
Q1 25
$0.01
$-0.49
Q4 24
$-2.81
$-0.25
Q3 24
$0.09
$-0.49
Q2 24
$0.05
$0.17
Q1 24
$-0.51
$-0.02

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
RYAM
RYAM
Cash + ST InvestmentsLiquidity on hand
$60.9M
$75.4M
Total DebtLower is stronger
$2.0B
$758.1M
Stockholders' EquityBook value
$470.7M
$316.6M
Total Assets
$2.9B
$1.8B
Debt / EquityLower = less leverage
4.30×
2.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
RYAM
RYAM
Q4 25
$75.4M
Q3 25
$60.9M
$77.0M
Q2 25
$54.1M
$70.7M
Q1 25
$61.2M
$129.9M
Q4 24
$50.6M
$125.2M
Q3 24
$54.7M
$136.1M
Q2 24
$40.3M
$114.1M
Q1 24
$42.5M
$54.6M
Total Debt
BGS
BGS
RYAM
RYAM
Q4 25
$758.1M
Q3 25
$2.0B
$763.5M
Q2 25
$2.0B
$720.4M
Q1 25
$2.0B
$707.0M
Q4 24
$2.0B
$706.4M
Q3 24
$2.1B
$747.7M
Q2 24
$2.0B
$752.8M
Q1 24
$2.0B
$755.6M
Stockholders' Equity
BGS
BGS
RYAM
RYAM
Q4 25
$316.6M
Q3 25
$470.7M
$338.2M
Q2 25
$501.4M
$342.3M
Q1 25
$513.1M
$688.1M
Q4 24
$524.8M
$713.9M
Q3 24
$755.3M
$732.7M
Q2 24
$765.0M
$755.1M
Q1 24
$781.2M
$741.8M
Total Assets
BGS
BGS
RYAM
RYAM
Q4 25
$1.8B
Q3 25
$2.9B
$1.8B
Q2 25
$2.9B
$1.8B
Q1 25
$3.0B
$2.1B
Q4 24
$3.0B
$2.1B
Q3 24
$3.4B
$2.2B
Q2 24
$3.4B
$2.2B
Q1 24
$3.4B
$2.1B
Debt / Equity
BGS
BGS
RYAM
RYAM
Q4 25
2.39×
Q3 25
4.30×
2.26×
Q2 25
3.97×
2.10×
Q1 25
3.91×
1.03×
Q4 24
3.85×
0.99×
Q3 24
2.75×
1.02×
Q2 24
2.67×
1.00×
Q1 24
2.61×
1.02×

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
RYAM
RYAM
Operating Cash FlowLast quarter
$-64.6M
$32.3M
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
RYAM
RYAM
Q4 25
$32.3M
Q3 25
$-64.6M
$-17.8M
Q2 25
$17.8M
$-30.2M
Q1 25
$52.7M
$39.6M
Q4 24
$80.3M
$54.9M
Q3 24
$4.2M
$49.8M
Q2 24
$11.3M
$87.6M
Q1 24
$35.1M
$11.3M
Free Cash Flow
BGS
BGS
RYAM
RYAM
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
RYAM
RYAM
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
RYAM
RYAM
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
RYAM
RYAM
Q4 25
Q3 25
Q2 25
Q1 25
63.17×
Q4 24
Q3 24
0.56×
Q2 24
2.87×
7.69×
Q1 24

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%

RYAM
RYAM

Cellulose Specialties$249.6M60%
Other$86.2M21%
Paperboard$44.2M11%
High Yield Pulp$28.3M7%
Biomaterials$9.2M2%

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