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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Skyward Specialty Insurance Group, Inc. (SKWD). 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 $385.6M, roughly 1.1× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -4.4%, a 15.6% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -4.7%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $-70.7M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
BGS vs SKWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $385.6M |
| Net Profit | $-19.1M | $43.2M |
| Gross Margin | 22.5% | — |
| Operating Margin | 2.5% | 14.2% |
| Net Margin | -4.4% | 11.2% |
| Revenue YoY | -4.7% | 26.7% |
| Net Profit YoY | -356.5% | 200.1% |
| EPS (diluted) | $-0.24 | $1.03 |
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 | — | $385.6M | ||
| Q3 25 | $439.3M | $382.5M | ||
| Q2 25 | $424.4M | $319.9M | ||
| Q1 25 | $425.4M | $328.5M | ||
| Q4 24 | $551.6M | $304.4M | ||
| Q3 24 | $461.1M | $300.9M | ||
| Q2 24 | $444.6M | $279.9M | ||
| Q1 24 | $475.2M | $265.0M |
| Q4 25 | — | $43.2M | ||
| Q3 25 | $-19.1M | $45.9M | ||
| Q2 25 | $-9.8M | $38.8M | ||
| Q1 25 | $835.0K | $42.1M | ||
| Q4 24 | $-222.4M | $14.4M | ||
| Q3 24 | $7.5M | $36.7M | ||
| Q2 24 | $3.9M | $31.0M | ||
| Q1 24 | $-40.2M | $36.8M |
| 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 | — | 14.2% | ||
| Q3 25 | 2.5% | 15.8% | ||
| Q2 25 | 5.2% | 15.6% | ||
| Q1 25 | 8.4% | 15.7% | ||
| Q4 24 | -46.6% | 6.1% | ||
| Q3 24 | 11.1% | 15.6% | ||
| Q2 24 | 9.9% | 14.4% | ||
| Q1 24 | -3.3% | 17.7% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | -4.4% | 12.0% | ||
| Q2 25 | -2.3% | 12.1% | ||
| Q1 25 | 0.2% | 12.8% | ||
| Q4 24 | -40.3% | 4.7% | ||
| Q3 24 | 1.6% | 12.2% | ||
| Q2 24 | 0.9% | 11.1% | ||
| Q1 24 | -8.5% | 13.9% |
| Q4 25 | — | $1.03 | ||
| Q3 25 | $-0.24 | $1.10 | ||
| Q2 25 | $-0.12 | $0.93 | ||
| Q1 25 | $0.01 | $1.01 | ||
| Q4 24 | $-2.81 | $0.33 | ||
| Q3 24 | $0.09 | $0.89 | ||
| Q2 24 | $0.05 | $0.75 | ||
| Q1 24 | $-0.51 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $1.0B |
| Total Assets | $2.9B | $4.8B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.5M | ||
| Q3 25 | $60.9M | $160.1M | ||
| Q2 25 | $54.1M | $136.6M | ||
| Q1 25 | $61.2M | $112.9M | ||
| Q4 24 | $50.6M | $121.6M | ||
| Q3 24 | $54.7M | $105.6M | ||
| Q2 24 | $40.3M | $73.0M | ||
| Q1 24 | $42.5M | $85.1M |
| 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 | — |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $470.7M | $961.4M | ||
| Q2 25 | $501.4M | $899.9M | ||
| Q1 25 | $513.1M | $850.7M | ||
| Q4 24 | $524.8M | $794.0M | ||
| Q3 24 | $755.3M | $797.5M | ||
| Q2 24 | $765.0M | $723.6M | ||
| Q1 24 | $781.2M | $692.3M |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $2.9B | $4.6B | ||
| Q2 25 | $2.9B | $4.3B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $3.4B | $3.6B | ||
| Q2 24 | $3.4B | $3.4B | ||
| Q1 24 | $3.4B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | $-70.7M | $402.6M |
| FCF MarginFCF / Revenue | -16.1% | 104.4% |
| Capex IntensityCapex / Revenue | 1.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $408.1M | ||
| Q3 25 | $-64.6M | $171.4M | ||
| Q2 25 | $17.8M | $88.2M | ||
| Q1 25 | $52.7M | $96.8M | ||
| Q4 24 | $80.3M | $305.1M | ||
| Q3 24 | $4.2M | $168.0M | ||
| Q2 24 | $11.3M | $21.0M | ||
| Q1 24 | $35.1M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | $-70.7M | $168.9M | ||
| Q2 25 | $11.5M | $87.1M | ||
| Q1 25 | $42.4M | $96.6M | ||
| Q4 24 | $71.7M | $300.9M | ||
| Q3 24 | $-679.0K | $167.6M | ||
| Q2 24 | $5.2M | $18.4M | ||
| Q1 24 | $27.5M | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | -16.1% | 44.2% | ||
| Q2 25 | 2.7% | 27.2% | ||
| Q1 25 | 10.0% | 29.4% | ||
| Q4 24 | 13.0% | 98.8% | ||
| Q3 24 | -0.1% | 55.7% | ||
| Q2 24 | 1.2% | 6.6% | ||
| Q1 24 | 5.8% | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.4% | 0.6% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 1.6% | 1.4% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 1.4% | 0.9% | ||
| Q1 24 | 1.6% | 0.1% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | 63.17× | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | 0.56× | 4.58× | ||
| Q2 24 | 2.87× | 0.68× | ||
| Q1 24 | — | 2.56× |
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% |
SKWD
Segment breakdown not available.
