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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Tronox Holdings plc (TROX). Click either name above to swap in a different company.

Tronox Holdings plc is the larger business by last-quarter revenue ($730.0M vs $439.3M, roughly 1.7× B&G Foods, Inc.). B&G Foods, Inc. runs the higher net margin — -4.4% vs -24.1%, a 19.8% gap on every dollar of revenue. On growth, Tronox Holdings plc posted the faster year-over-year revenue change (8.0% vs -4.7%). Tronox Holdings plc produced more free cash flow last quarter ($53.0M vs $-70.7M). Over the past eight quarters, Tronox Holdings plc's revenue compounded faster (-2.9% 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.

Tronox Limited is an American worldwide chemical company involved in the titanium products industry with approximately 6,500 employees. Following its acquisition of the mineral sands business formerly belonging to South Africa's Exxaro Resources, Tronox is the largest fully integrated seller and marketer of titanium dioxide (TiO2) pigment, which provides brightness to applications such as coatings, plastics and paper. Tronox mines titanium-bearing mineral sands and operates upgrading faciliti...

BGS vs TROX — Head-to-Head

Bigger by revenue
TROX
TROX
1.7× larger
TROX
$730.0M
$439.3M
BGS
Growing faster (revenue YoY)
TROX
TROX
+12.7% gap
TROX
8.0%
-4.7%
BGS
Higher net margin
BGS
BGS
19.8% more per $
BGS
-4.4%
-24.1%
TROX
More free cash flow
TROX
TROX
$123.7M more FCF
TROX
$53.0M
$-70.7M
BGS
Faster 2-yr revenue CAGR
TROX
TROX
Annualised
TROX
-2.9%
-12.8%
BGS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BGS
BGS
TROX
TROX
Revenue
$439.3M
$730.0M
Net Profit
$-19.1M
$-176.0M
Gross Margin
22.5%
5.3%
Operating Margin
2.5%
-15.6%
Net Margin
-4.4%
-24.1%
Revenue YoY
-4.7%
8.0%
Net Profit YoY
-356.5%
-486.7%
EPS (diluted)
$-0.24
$-1.11

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
TROX
TROX
Q4 25
$730.0M
Q3 25
$439.3M
$699.0M
Q2 25
$424.4M
$731.0M
Q1 25
$425.4M
$738.0M
Q4 24
$551.6M
$676.0M
Q3 24
$461.1M
$804.0M
Q2 24
$444.6M
$820.0M
Q1 24
$475.2M
$774.0M
Net Profit
BGS
BGS
TROX
TROX
Q4 25
$-176.0M
Q3 25
$-19.1M
$-99.0M
Q2 25
$-9.8M
$-84.0M
Q1 25
$835.0K
$-111.0M
Q4 24
$-222.4M
$-30.0M
Q3 24
$7.5M
$-25.0M
Q2 24
$3.9M
$16.0M
Q1 24
$-40.2M
$-9.0M
Gross Margin
BGS
BGS
TROX
TROX
Q4 25
5.3%
Q3 25
22.5%
7.4%
Q2 25
20.5%
10.8%
Q1 25
21.2%
13.4%
Q4 24
21.5%
17.3%
Q3 24
22.2%
15.9%
Q2 24
20.7%
18.3%
Q1 24
22.9%
15.5%
Operating Margin
BGS
BGS
TROX
TROX
Q4 25
-15.6%
Q3 25
2.5%
-6.2%
Q2 25
5.2%
-4.8%
Q1 25
8.4%
-8.3%
Q4 24
-46.6%
7.1%
Q3 24
11.1%
6.7%
Q2 24
9.9%
9.3%
Q1 24
-3.3%
5.3%
Net Margin
BGS
BGS
TROX
TROX
Q4 25
-24.1%
Q3 25
-4.4%
-14.2%
Q2 25
-2.3%
-11.5%
Q1 25
0.2%
-15.0%
Q4 24
-40.3%
-4.4%
Q3 24
1.6%
-3.1%
Q2 24
0.9%
2.0%
Q1 24
-8.5%
-1.2%
EPS (diluted)
BGS
BGS
TROX
TROX
Q4 25
$-1.11
Q3 25
$-0.24
$-0.63
Q2 25
$-0.12
$-0.53
Q1 25
$0.01
$-0.70
Q4 24
$-2.81
$-0.19
Q3 24
$0.09
$-0.16
Q2 24
$0.05
$0.10
Q1 24
$-0.51
$-0.06

Balance Sheet & Financial Strength

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

Metric
BGS
BGS
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$60.9M
$199.0M
Total DebtLower is stronger
$2.0B
$3.1B
Stockholders' EquityBook value
$470.7M
$1.4B
Total Assets
$2.9B
$6.2B
Debt / EquityLower = less leverage
4.30×
2.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGS
BGS
TROX
TROX
Q4 25
$199.0M
Q3 25
$60.9M
$185.0M
Q2 25
$54.1M
$132.0M
Q1 25
$61.2M
$138.0M
Q4 24
$50.6M
$151.0M
Q3 24
$54.7M
$167.0M
Q2 24
$40.3M
$201.0M
Q1 24
$42.5M
$152.0M
Total Debt
BGS
BGS
TROX
TROX
Q4 25
$3.1B
Q3 25
$2.0B
$3.1B
Q2 25
$2.0B
$2.7B
Q1 25
$2.0B
$2.8B
Q4 24
$2.0B
$2.8B
Q3 24
$2.1B
$2.8B
Q2 24
$2.0B
$2.8B
Q1 24
$2.0B
$2.8B
Stockholders' Equity
BGS
BGS
TROX
TROX
Q4 25
$1.4B
Q3 25
$470.7M
$1.6B
Q2 25
$501.4M
$1.6B
Q1 25
$513.1M
$1.7B
Q4 24
$524.8M
$1.8B
Q3 24
$755.3M
$1.9B
Q2 24
$765.0M
$1.9B
Q1 24
$781.2M
$1.9B
Total Assets
BGS
BGS
TROX
TROX
Q4 25
$6.2B
Q3 25
$2.9B
$6.3B
Q2 25
$2.9B
$6.2B
Q1 25
$3.0B
$6.1B
Q4 24
$3.0B
$6.0B
Q3 24
$3.4B
$6.2B
Q2 24
$3.4B
$6.1B
Q1 24
$3.4B
$6.0B
Debt / Equity
BGS
BGS
TROX
TROX
Q4 25
2.21×
Q3 25
4.30×
2.01×
Q2 25
3.97×
1.67×
Q1 25
3.91×
1.64×
Q4 24
3.85×
1.57×
Q3 24
2.75×
1.45×
Q2 24
2.67×
1.47×
Q1 24
2.61×
1.48×

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
TROX
TROX
Operating Cash FlowLast quarter
$-64.6M
$121.0M
Free Cash FlowOCF − Capex
$-70.7M
$53.0M
FCF MarginFCF / Revenue
-16.1%
7.3%
Capex IntensityCapex / Revenue
1.4%
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$-281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGS
BGS
TROX
TROX
Q4 25
$121.0M
Q3 25
$-64.6M
$-57.0M
Q2 25
$17.8M
$28.0M
Q1 25
$52.7M
$-32.0M
Q4 24
$80.3M
$82.0M
Q3 24
$4.2M
$87.0M
Q2 24
$11.3M
$160.0M
Q1 24
$35.1M
$-29.0M
Free Cash Flow
BGS
BGS
TROX
TROX
Q4 25
$53.0M
Q3 25
$-70.7M
$-137.0M
Q2 25
$11.5M
$-55.0M
Q1 25
$42.4M
$-142.0M
Q4 24
$71.7M
$-35.0M
Q3 24
$-679.0K
$-14.0M
Q2 24
$5.2M
$84.0M
Q1 24
$27.5M
$-105.0M
FCF Margin
BGS
BGS
TROX
TROX
Q4 25
7.3%
Q3 25
-16.1%
-19.6%
Q2 25
2.7%
-7.5%
Q1 25
10.0%
-19.2%
Q4 24
13.0%
-5.2%
Q3 24
-0.1%
-1.7%
Q2 24
1.2%
10.2%
Q1 24
5.8%
-13.6%
Capex Intensity
BGS
BGS
TROX
TROX
Q4 25
9.3%
Q3 25
1.4%
11.4%
Q2 25
1.5%
11.4%
Q1 25
2.4%
14.9%
Q4 24
1.6%
17.3%
Q3 24
1.0%
12.6%
Q2 24
1.4%
9.3%
Q1 24
1.6%
9.8%
Cash Conversion
BGS
BGS
TROX
TROX
Q4 25
Q3 25
Q2 25
Q1 25
63.17×
Q4 24
Q3 24
0.56×
Q2 24
2.87×
10.00×
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%

TROX
TROX

Ti O2$577.0M79%
Zircon$78.0M11%
Idle Facility And Lower Of Cost Or Net Realizable Value Charges$42.0M6%
Other$20.0M3%
MGT$13.0M2%

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