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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Vital Farms, Inc. (VITL). 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 $213.6M, roughly 2.1× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -4.4%, a 12.0% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -4.7%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-70.7M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
BGS vs VITL — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $213.6M |
| Net Profit | $-19.1M | $16.3M |
| Gross Margin | 22.5% | 35.8% |
| Operating Margin | 2.5% | 10.0% |
| Net Margin | -4.4% | 7.6% |
| Revenue YoY | -4.7% | 28.7% |
| Net Profit YoY | -356.5% | 54.3% |
| EPS (diluted) | $-0.24 | $0.35 |
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 | — | $213.6M | ||
| Q3 25 | $439.3M | $198.9M | ||
| Q2 25 | $424.4M | $184.8M | ||
| Q1 25 | $425.4M | $162.2M | ||
| Q4 24 | $551.6M | $166.0M | ||
| Q3 24 | $461.1M | $145.0M | ||
| Q2 24 | $444.6M | $147.4M | ||
| Q1 24 | $475.2M | $147.9M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | $-19.1M | $16.4M | ||
| Q2 25 | $-9.8M | $16.6M | ||
| Q1 25 | $835.0K | $16.9M | ||
| Q4 24 | $-222.4M | $10.6M | ||
| Q3 24 | $7.5M | $7.4M | ||
| Q2 24 | $3.9M | $16.3M | ||
| Q1 24 | $-40.2M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | 22.5% | 37.7% | ||
| Q2 25 | 20.5% | 38.9% | ||
| Q1 25 | 21.2% | 38.5% | ||
| Q4 24 | 21.5% | 36.1% | ||
| Q3 24 | 22.2% | 36.9% | ||
| Q2 24 | 20.7% | 39.1% | ||
| Q1 24 | 22.9% | 39.8% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | 2.5% | 10.8% | ||
| Q2 25 | 5.2% | 12.9% | ||
| Q1 25 | 8.4% | 13.4% | ||
| Q4 24 | -46.6% | 7.8% | ||
| Q3 24 | 11.1% | 6.4% | ||
| Q2 24 | 9.9% | 11.6% | ||
| Q1 24 | -3.3% | 16.3% |
| Q4 25 | — | 7.6% | ||
| Q3 25 | -4.4% | 8.3% | ||
| Q2 25 | -2.3% | 9.0% | ||
| Q1 25 | 0.2% | 10.4% | ||
| Q4 24 | -40.3% | 6.4% | ||
| Q3 24 | 1.6% | 5.1% | ||
| Q2 24 | 0.9% | 11.1% | ||
| Q1 24 | -8.5% | 12.9% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $-0.24 | $0.36 | ||
| Q2 25 | $-0.12 | $0.36 | ||
| Q1 25 | $0.01 | $0.37 | ||
| Q4 24 | $-2.81 | $0.23 | ||
| Q3 24 | $0.09 | $0.16 | ||
| Q2 24 | $0.05 | $0.36 | ||
| Q1 24 | $-0.51 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $351.3M |
| Total Assets | $2.9B | $518.7M |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.8M | ||
| Q3 25 | $60.9M | $93.8M | ||
| Q2 25 | $54.1M | $108.2M | ||
| Q1 25 | $61.2M | $156.3M | ||
| Q4 24 | $50.6M | $150.6M | ||
| Q3 24 | $54.7M | $149.5M | ||
| Q2 24 | $40.3M | $133.2M | ||
| Q1 24 | $42.5M | $113.8M |
| 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 | — | $351.3M | ||
| Q3 25 | $470.7M | $331.2M | ||
| Q2 25 | $501.4M | $309.8M | ||
| Q1 25 | $513.1M | $288.9M | ||
| Q4 24 | $524.8M | $269.3M | ||
| Q3 24 | $755.3M | $253.4M | ||
| Q2 24 | $765.0M | $238.4M | ||
| Q1 24 | $781.2M | $213.3M |
| Q4 25 | — | $518.7M | ||
| Q3 25 | $2.9B | $481.5M | ||
| Q2 25 | $2.9B | $430.8M | ||
| Q1 25 | $3.0B | $376.9M | ||
| Q4 24 | $3.0B | $359.3M | ||
| Q3 24 | $3.4B | $344.7M | ||
| Q2 24 | $3.4B | $320.5M | ||
| Q1 24 | $3.4B | $300.2M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $-70.7M | $-32.1M |
| FCF MarginFCF / Revenue | -16.1% | -15.1% |
| Capex IntensityCapex / Revenue | 1.4% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.8M | ||
| Q3 25 | $-64.6M | $23.4M | ||
| Q2 25 | $17.8M | $-761.0K | ||
| Q1 25 | $52.7M | $5.3M | ||
| Q4 24 | $80.3M | $14.8M | ||
| Q3 24 | $4.2M | $10.0M | ||
| Q2 24 | $11.3M | $16.1M | ||
| Q1 24 | $35.1M | $23.9M |
| Q4 25 | — | $-32.1M | ||
| Q3 25 | $-70.7M | $-10.6M | ||
| Q2 25 | $11.5M | $-7.6M | ||
| Q1 25 | $42.4M | $2.1M | ||
| Q4 24 | $71.7M | $-3.4M | ||
| Q3 24 | $-679.0K | $6.4M | ||
| Q2 24 | $5.2M | $10.5M | ||
| Q1 24 | $27.5M | $22.6M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | -16.1% | -5.3% | ||
| Q2 25 | 2.7% | -4.1% | ||
| Q1 25 | 10.0% | 1.3% | ||
| Q4 24 | 13.0% | -2.0% | ||
| Q3 24 | -0.1% | 4.4% | ||
| Q2 24 | 1.2% | 7.2% | ||
| Q1 24 | 5.8% | 15.3% |
| Q4 25 | — | 17.8% | ||
| Q3 25 | 1.4% | 17.1% | ||
| Q2 25 | 1.5% | 3.7% | ||
| Q1 25 | 2.4% | 1.9% | ||
| Q4 24 | 1.6% | 10.9% | ||
| Q3 24 | 1.0% | 2.5% | ||
| Q2 24 | 1.4% | 3.8% | ||
| Q1 24 | 1.6% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | 63.17× | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 0.56× | 1.34× | ||
| Q2 24 | 2.87× | 0.99× | ||
| Q1 24 | — | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
