vs
Side-by-side financial comparison of B&G Foods, Inc. (BGS) and TRUPANION, INC. (TRUP). 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 $376.9M, roughly 1.2× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -4.7%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $-70.7M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% 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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
BGS vs TRUP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $376.9M |
| Net Profit | $-19.1M | — |
| Gross Margin | 22.5% | 17.3% |
| Operating Margin | 2.5% | 1.9% |
| Net Margin | -4.4% | — |
| Revenue YoY | -4.7% | 11.7% |
| Net Profit YoY | -356.5% | — |
| EPS (diluted) | $-0.24 | $0.13 |
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 | — | $376.9M | ||
| Q3 25 | $439.3M | $366.9M | ||
| Q2 25 | $424.4M | $353.6M | ||
| Q1 25 | $425.4M | $342.0M | ||
| Q4 24 | $551.6M | $337.3M | ||
| Q3 24 | $461.1M | $327.5M | ||
| Q2 24 | $444.6M | $314.8M | ||
| Q1 24 | $475.2M | $306.1M |
| Q4 25 | — | — | ||
| Q3 25 | $-19.1M | — | ||
| Q2 25 | $-9.8M | — | ||
| Q1 25 | $835.0K | — | ||
| Q4 24 | $-222.4M | — | ||
| Q3 24 | $7.5M | — | ||
| Q2 24 | $3.9M | — | ||
| Q1 24 | $-40.2M | — |
| Q4 25 | — | 17.3% | ||
| Q3 25 | 22.5% | 16.4% | ||
| Q2 25 | 20.5% | 15.5% | ||
| Q1 25 | 21.2% | 14.9% | ||
| Q4 24 | 21.5% | 15.7% | ||
| Q3 24 | 22.2% | 15.1% | ||
| Q2 24 | 20.7% | 12.8% | ||
| Q1 24 | 22.9% | 11.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 2.5% | 1.6% | ||
| Q2 25 | 5.2% | 0.7% | ||
| Q1 25 | 8.4% | -0.4% | ||
| Q4 24 | -46.6% | 0.1% | ||
| Q3 24 | 11.1% | 0.5% | ||
| Q2 24 | 9.9% | -1.7% | ||
| Q1 24 | -3.3% | -2.0% |
| Q4 25 | — | — | ||
| Q3 25 | -4.4% | — | ||
| Q2 25 | -2.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -40.3% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -8.5% | — |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $-0.24 | $0.13 | ||
| Q2 25 | $-0.12 | $0.22 | ||
| Q1 25 | $0.01 | $-0.03 | ||
| Q4 24 | $-2.81 | $0.04 | ||
| Q3 24 | $0.09 | $0.03 | ||
| Q2 24 | $0.05 | $-0.14 | ||
| Q1 24 | $-0.51 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $2.0B | $101.8M |
| Stockholders' EquityBook value | $470.7M | $383.9M |
| Total Assets | $2.9B | $915.0M |
| Debt / EquityLower = less leverage | 4.30× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $370.7M | ||
| Q3 25 | $60.9M | $348.5M | ||
| Q2 25 | $54.1M | $319.6M | ||
| Q1 25 | $61.2M | $321.8M | ||
| Q4 24 | $50.6M | $307.4M | ||
| Q3 24 | $54.7M | $293.1M | ||
| Q2 24 | $40.3M | $277.2M | ||
| Q1 24 | $42.5M | $275.2M |
| Q4 25 | — | $101.8M | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $127.5M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | — | $383.9M | ||
| Q3 25 | $470.7M | $368.6M | ||
| Q2 25 | $501.4M | $355.5M | ||
| Q1 25 | $513.1M | $333.7M | ||
| Q4 24 | $524.8M | $323.3M | ||
| Q3 24 | $755.3M | $320.2M | ||
| Q2 24 | $765.0M | $305.8M | ||
| Q1 24 | $781.2M | $303.4M |
| Q4 25 | — | $915.0M | ||
| Q3 25 | $2.9B | $880.2M | ||
| Q2 25 | $2.9B | $847.8M | ||
| Q1 25 | $3.0B | $837.2M | ||
| Q4 24 | $3.0B | $806.9M | ||
| Q3 24 | $3.4B | $816.1M | ||
| Q2 24 | $3.4B | $795.9M | ||
| Q1 24 | $3.4B | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $-70.7M | $25.3M |
| FCF MarginFCF / Revenue | -16.1% | 6.7% |
| Capex IntensityCapex / Revenue | 1.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.3M | ||
| Q3 25 | $-64.6M | $29.2M | ||
| Q2 25 | $17.8M | $15.0M | ||
| Q1 25 | $52.7M | $16.0M | ||
| Q4 24 | $80.3M | $23.7M | ||
| Q3 24 | $4.2M | $15.3M | ||
| Q2 24 | $11.3M | $6.9M | ||
| Q1 24 | $35.1M | $2.4M |
| Q4 25 | — | $25.3M | ||
| Q3 25 | $-70.7M | $23.9M | ||
| Q2 25 | $11.5M | $12.0M | ||
| Q1 25 | $42.4M | $14.0M | ||
| Q4 24 | $71.7M | $21.8M | ||
| Q3 24 | $-679.0K | $13.4M | ||
| Q2 24 | $5.2M | $4.0M | ||
| Q1 24 | $27.5M | $-631.0K |
| Q4 25 | — | 6.7% | ||
| Q3 25 | -16.1% | 6.5% | ||
| Q2 25 | 2.7% | 3.4% | ||
| Q1 25 | 10.0% | 4.1% | ||
| Q4 24 | 13.0% | 6.5% | ||
| Q3 24 | -0.1% | 4.1% | ||
| Q2 24 | 1.2% | 1.3% | ||
| Q1 24 | 5.8% | -0.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 1.4% | 1.4% | ||
| Q2 25 | 1.5% | 0.8% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | 1.6% | 0.6% | ||
| Q3 24 | 1.0% | 0.6% | ||
| Q2 24 | 1.4% | 0.9% | ||
| Q1 24 | 1.6% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | — |
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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
