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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Seadrill Ltd (SDRL). 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 $273.0M, roughly 1.6× Seadrill Ltd). Seadrill Ltd runs the higher net margin — -3.7% vs -4.4%, a 0.7% gap on every dollar of revenue. Over the past eight quarters, Seadrill Ltd's revenue compounded faster (-8.9% 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.

Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments. It provides a contract-based service and primarily serves the oil super-majors, integrated oil and gas, state-owned national oil, and independent oil and gas companies.

BGS vs SDRL — Head-to-Head

Bigger by revenue
BGS
BGS
1.6× larger
BGS
$439.3M
$273.0M
SDRL
Higher net margin
SDRL
SDRL
0.7% more per $
SDRL
-3.7%
-4.4%
BGS
Faster 2-yr revenue CAGR
SDRL
SDRL
Annualised
SDRL
-8.9%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
SDRL
SDRL
Revenue
$439.3M
$273.0M
Net Profit
$-19.1M
$-10.0M
Gross Margin
22.5%
Operating Margin
2.5%
-1.1%
Net Margin
-4.4%
-3.7%
Revenue YoY
-4.7%
Net Profit YoY
-356.5%
EPS (diluted)
$-0.24

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
SDRL
SDRL
Q4 25
$273.0M
Q3 25
$439.3M
$280.0M
Q2 25
$424.4M
$288.0M
Q1 25
$425.4M
$248.0M
Q4 24
$551.6M
Q3 24
$461.1M
$263.0M
Q2 24
$444.6M
$267.0M
Q1 24
$475.2M
$275.0M
Net Profit
BGS
BGS
SDRL
SDRL
Q4 25
$-10.0M
Q3 25
$-19.1M
$-11.0M
Q2 25
$-9.8M
$-42.0M
Q1 25
$835.0K
$-14.0M
Q4 24
$-222.4M
Q3 24
$7.5M
$32.0M
Q2 24
$3.9M
$253.0M
Q1 24
$-40.2M
$60.0M
Gross Margin
BGS
BGS
SDRL
SDRL
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
SDRL
SDRL
Q4 25
-1.1%
Q3 25
2.5%
9.3%
Q2 25
5.2%
2.1%
Q1 25
8.4%
7.3%
Q4 24
-46.6%
Q3 24
11.1%
17.9%
Q2 24
9.9%
Q1 24
-3.3%
29.1%
Net Margin
BGS
BGS
SDRL
SDRL
Q4 25
-3.7%
Q3 25
-4.4%
-3.9%
Q2 25
-2.3%
-14.6%
Q1 25
0.2%
-5.6%
Q4 24
-40.3%
Q3 24
1.6%
12.2%
Q2 24
0.9%
94.8%
Q1 24
-8.5%
21.8%
EPS (diluted)
BGS
BGS
SDRL
SDRL
Q4 25
Q3 25
$-0.24
$-0.17
Q2 25
$-0.12
$-0.68
Q1 25
$0.01
$-0.23
Q4 24
$-2.81
Q3 24
$0.09
$0.49
Q2 24
$0.05
$3.49
Q1 24
$-0.51
$0.81

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
SDRL
SDRL
Cash + ST InvestmentsLiquidity on hand
$60.9M
$339.0M
Total DebtLower is stronger
$2.0B
$613.0M
Stockholders' EquityBook value
$470.7M
$2.9B
Total Assets
$2.9B
$3.9B
Debt / EquityLower = less leverage
4.30×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
SDRL
SDRL
Q4 25
$339.0M
Q3 25
$60.9M
$402.0M
Q2 25
$54.1M
$393.0M
Q1 25
$61.2M
$404.0M
Q4 24
$50.6M
Q3 24
$54.7M
Q2 24
$40.3M
$835.0M
Q1 24
$42.5M
Total Debt
BGS
BGS
SDRL
SDRL
Q4 25
$613.0M
Q3 25
$2.0B
$612.0M
Q2 25
$2.0B
$612.0M
Q1 25
$2.0B
$611.0M
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$2.0B
$609.0M
Q1 24
$2.0B
Stockholders' Equity
BGS
BGS
SDRL
SDRL
Q4 25
$2.9B
Q3 25
$470.7M
$2.9B
Q2 25
$501.4M
$2.9B
Q1 25
$513.1M
$2.9B
Q4 24
$524.8M
Q3 24
$755.3M
$2.9B
Q2 24
$765.0M
$3.1B
Q1 24
$781.2M
$2.9B
Total Assets
BGS
BGS
SDRL
SDRL
Q4 25
$3.9B
Q3 25
$2.9B
$4.1B
Q2 25
$2.9B
$4.1B
Q1 25
$3.0B
$4.1B
Q4 24
$3.0B
Q3 24
$3.4B
Q2 24
$3.4B
$4.3B
Q1 24
$3.4B
Debt / Equity
BGS
BGS
SDRL
SDRL
Q4 25
0.21×
Q3 25
4.30×
0.21×
Q2 25
3.97×
0.21×
Q1 25
3.91×
0.21×
Q4 24
3.85×
Q3 24
2.75×
Q2 24
2.67×
0.20×
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
SDRL
SDRL
Operating Cash FlowLast quarter
$-64.6M
$-40.0M
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
SDRL
SDRL
Q4 25
$-40.0M
Q3 25
$-64.6M
$28.0M
Q2 25
$17.8M
$11.0M
Q1 25
$52.7M
$-27.0M
Q4 24
$80.3M
Q3 24
$4.2M
$-27.0M
Q2 24
$11.3M
$79.0M
Q1 24
$35.1M
$29.0M
Free Cash Flow
BGS
BGS
SDRL
SDRL
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
SDRL
SDRL
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
SDRL
SDRL
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
SDRL
SDRL
Q4 25
Q3 25
Q2 25
Q1 25
63.17×
Q4 24
Q3 24
0.56×
-0.84×
Q2 24
2.87×
0.31×
Q1 24
0.48×

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%

SDRL
SDRL

Segment breakdown not available.

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