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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and STERLING INFRASTRUCTURE, INC. (STRL). Click either name above to swap in a different company.

STERLING INFRASTRUCTURE, INC. is the larger business by last-quarter revenue ($755.6M vs $439.3M, roughly 1.7× B&G Foods, Inc.). STERLING INFRASTRUCTURE, INC. runs the higher net margin — 11.6% vs -4.4%, a 16.0% gap on every dollar of revenue. On growth, STERLING INFRASTRUCTURE, INC. posted the faster year-over-year revenue change (51.5% vs -4.7%). STERLING INFRASTRUCTURE, INC. produced more free cash flow last quarter ($159.7M vs $-70.7M). Over the past eight quarters, STERLING INFRASTRUCTURE, INC.'s revenue compounded faster (31.0% 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.

Sterling & Wilson is an Indian multinational engineering, procurement, and construction (EPC) company headquartered in Mumbai, Maharashtra. It operates across multiple sectors including renewable energy, data centers, diesel power generation, and mechanical, electrical, and plumbing (MEP) services. The company has delivered projects in over 30 countries, with execution teams located across Asia, the Middle East, Africa, Europe, and Australia.

BGS vs STRL — Head-to-Head

Bigger by revenue
STRL
STRL
1.7× larger
STRL
$755.6M
$439.3M
BGS
Growing faster (revenue YoY)
STRL
STRL
+56.2% gap
STRL
51.5%
-4.7%
BGS
Higher net margin
STRL
STRL
16.0% more per $
STRL
11.6%
-4.4%
BGS
More free cash flow
STRL
STRL
$230.4M more FCF
STRL
$159.7M
$-70.7M
BGS
Faster 2-yr revenue CAGR
STRL
STRL
Annualised
STRL
31.0%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
STRL
STRL
Revenue
$439.3M
$755.6M
Net Profit
$-19.1M
$87.6M
Gross Margin
22.5%
21.7%
Operating Margin
2.5%
15.9%
Net Margin
-4.4%
11.6%
Revenue YoY
-4.7%
51.5%
Net Profit YoY
-356.5%
-22.6%
EPS (diluted)
$-0.24
$2.82

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
STRL
STRL
Q4 25
$755.6M
Q3 25
$439.3M
$689.0M
Q2 25
$424.4M
$614.5M
Q1 25
$425.4M
$430.9M
Q4 24
$551.6M
$498.8M
Q3 24
$461.1M
$593.7M
Q2 24
$444.6M
$582.8M
Q1 24
$475.2M
$440.4M
Net Profit
BGS
BGS
STRL
STRL
Q4 25
$87.6M
Q3 25
$-19.1M
$92.1M
Q2 25
$-9.8M
$71.0M
Q1 25
$835.0K
$39.5M
Q4 24
$-222.4M
$113.2M
Q3 24
$7.5M
$61.3M
Q2 24
$3.9M
$51.9M
Q1 24
$-40.2M
$31.0M
Gross Margin
BGS
BGS
STRL
STRL
Q4 25
21.7%
Q3 25
22.5%
24.7%
Q2 25
20.5%
23.3%
Q1 25
21.2%
22.0%
Q4 24
21.5%
21.4%
Q3 24
22.2%
21.9%
Q2 24
20.7%
19.3%
Q1 24
22.9%
17.5%
Operating Margin
BGS
BGS
STRL
STRL
Q4 25
15.9%
Q3 25
2.5%
18.2%
Q2 25
5.2%
17.0%
Q1 25
8.4%
13.0%
Q4 24
-46.6%
12.5%
Q3 24
11.1%
14.7%
Q2 24
9.9%
12.5%
Q1 24
-3.3%
9.6%
Net Margin
BGS
BGS
STRL
STRL
Q4 25
11.6%
Q3 25
-4.4%
13.4%
Q2 25
-2.3%
11.6%
Q1 25
0.2%
9.2%
Q4 24
-40.3%
22.7%
Q3 24
1.6%
10.3%
Q2 24
0.9%
8.9%
Q1 24
-8.5%
7.1%
EPS (diluted)
BGS
BGS
STRL
STRL
Q4 25
$2.82
Q3 25
$-0.24
$2.97
Q2 25
$-0.12
$2.31
Q1 25
$0.01
$1.28
Q4 24
$-2.81
$3.63
Q3 24
$0.09
$1.97
Q2 24
$0.05
$1.67
Q1 24
$-0.51
$1.00

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
STRL
STRL
Cash + ST InvestmentsLiquidity on hand
$60.9M
$390.7M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$470.7M
$1.1B
Total Assets
$2.9B
$2.6B
Debt / EquityLower = less leverage
4.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
STRL
STRL
Q4 25
$390.7M
Q3 25
$60.9M
$306.4M
Q2 25
$54.1M
$699.4M
Q1 25
$61.2M
$638.6M
Q4 24
$50.6M
$664.2M
Q3 24
$54.7M
$648.1M
Q2 24
$40.3M
$540.0M
Q1 24
$42.5M
$480.4M
Total Debt
BGS
BGS
STRL
STRL
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
Stockholders' Equity
BGS
BGS
STRL
STRL
Q4 25
$1.1B
Q3 25
$470.7M
$1.1B
Q2 25
$501.4M
$881.7M
Q1 25
$513.1M
$805.4M
Q4 24
$524.8M
$808.1M
Q3 24
$755.3M
$716.5M
Q2 24
$765.0M
$670.7M
Q1 24
$781.2M
$644.6M
Total Assets
BGS
BGS
STRL
STRL
Q4 25
$2.6B
Q3 25
$2.9B
$2.6B
Q2 25
$2.9B
$2.2B
Q1 25
$3.0B
$2.0B
Q4 24
$3.0B
$2.0B
Q3 24
$3.4B
$2.0B
Q2 24
$3.4B
$2.0B
Q1 24
$3.4B
$1.8B
Debt / Equity
BGS
BGS
STRL
STRL
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
BGS
BGS
STRL
STRL
Operating Cash FlowLast quarter
$-64.6M
$186.1M
Free Cash FlowOCF − Capex
$-70.7M
$159.7M
FCF MarginFCF / Revenue
-16.1%
21.1%
Capex IntensityCapex / Revenue
1.4%
3.5%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$362.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
STRL
STRL
Q4 25
$186.1M
Q3 25
$-64.6M
$83.6M
Q2 25
$17.8M
$85.4M
Q1 25
$52.7M
$84.9M
Q4 24
$80.3M
$174.3M
Q3 24
$4.2M
$152.3M
Q2 24
$11.3M
$121.0M
Q1 24
$35.1M
$49.6M
Free Cash Flow
BGS
BGS
STRL
STRL
Q4 25
$159.7M
Q3 25
$-70.7M
$64.0M
Q2 25
$11.5M
$72.1M
Q1 25
$42.4M
$67.0M
Q4 24
$71.7M
$158.6M
Q3 24
$-679.0K
$138.3M
Q2 24
$5.2M
$92.1M
Q1 24
$27.5M
$27.2M
FCF Margin
BGS
BGS
STRL
STRL
Q4 25
21.1%
Q3 25
-16.1%
9.3%
Q2 25
2.7%
11.7%
Q1 25
10.0%
15.5%
Q4 24
13.0%
31.8%
Q3 24
-0.1%
23.3%
Q2 24
1.2%
15.8%
Q1 24
5.8%
6.2%
Capex Intensity
BGS
BGS
STRL
STRL
Q4 25
3.5%
Q3 25
1.4%
2.9%
Q2 25
1.5%
2.2%
Q1 25
2.4%
4.2%
Q4 24
1.6%
3.1%
Q3 24
1.0%
2.4%
Q2 24
1.4%
5.0%
Q1 24
1.6%
5.1%
Cash Conversion
BGS
BGS
STRL
STRL
Q4 25
2.12×
Q3 25
0.91×
Q2 25
1.20×
Q1 25
63.17×
2.15×
Q4 24
1.54×
Q3 24
0.56×
2.48×
Q2 24
2.87×
2.33×
Q1 24
1.60×

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%

STRL
STRL

Lump Sum$464.9M62%
Heavy Highway$99.6M13%
Residential Construction$70.4M9%
Road And Highway Builders LLC$52.4M7%
Other Revenue$36.6M5%
Aviation$16.6M2%
Commercial$11.4M2%
Related Party$600.0K0%

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