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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $439.3M, roughly 1.8× B&G Foods, Inc.). Zscaler, Inc. runs the higher net margin — -1.5% vs -4.4%, a 2.9% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -4.7%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-70.7M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
BGS vs ZS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $788.1M |
| Net Profit | $-19.1M | $-11.6M |
| Gross Margin | 22.5% | 76.6% |
| Operating Margin | 2.5% | -4.6% |
| Net Margin | -4.4% | -1.5% |
| Revenue YoY | -4.7% | 25.5% |
| Net Profit YoY | -356.5% | 3.6% |
| EPS (diluted) | $-0.24 | $-0.07 |
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 | — | $788.1M | ||
| Q3 25 | $439.3M | $719.2M | ||
| Q2 25 | $424.4M | $678.0M | ||
| Q1 25 | $425.4M | $647.9M | ||
| Q4 24 | $551.6M | $628.0M | ||
| Q3 24 | $461.1M | $592.9M | ||
| Q2 24 | $444.6M | $553.2M | ||
| Q1 24 | $475.2M | $525.0M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $-19.1M | $-17.6M | ||
| Q2 25 | $-9.8M | $-4.1M | ||
| Q1 25 | $835.0K | $-7.7M | ||
| Q4 24 | $-222.4M | $-12.1M | ||
| Q3 24 | $7.5M | $-14.9M | ||
| Q2 24 | $3.9M | $19.1M | ||
| Q1 24 | $-40.2M | $-28.5M |
| Q4 25 | — | 76.6% | ||
| Q3 25 | 22.5% | 76.1% | ||
| Q2 25 | 20.5% | 77.0% | ||
| Q1 25 | 21.2% | 77.1% | ||
| Q4 24 | 21.5% | 77.5% | ||
| Q3 24 | 22.2% | 78.0% | ||
| Q2 24 | 20.7% | 78.6% | ||
| Q1 24 | 22.9% | 77.7% |
| Q4 25 | — | -4.6% | ||
| Q3 25 | 2.5% | -4.5% | ||
| Q2 25 | 5.2% | -3.7% | ||
| Q1 25 | 8.4% | -6.2% | ||
| Q4 24 | -46.6% | -4.9% | ||
| Q3 24 | 11.1% | -4.5% | ||
| Q2 24 | 9.9% | -0.5% | ||
| Q1 24 | -3.3% | -8.7% |
| Q4 25 | — | -1.5% | ||
| Q3 25 | -4.4% | -2.4% | ||
| Q2 25 | -2.3% | -0.6% | ||
| Q1 25 | 0.2% | -1.2% | ||
| Q4 24 | -40.3% | -1.9% | ||
| Q3 24 | 1.6% | -2.5% | ||
| Q2 24 | 0.9% | 3.5% | ||
| Q1 24 | -8.5% | -5.4% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $-0.24 | $-0.11 | ||
| Q2 25 | $-0.12 | $-0.03 | ||
| Q1 25 | $0.01 | $-0.05 | ||
| Q4 24 | $-2.81 | $-0.08 | ||
| Q3 24 | $0.09 | $-0.09 | ||
| Q2 24 | $0.05 | $0.12 | ||
| Q1 24 | $-0.51 | $-0.19 |
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 | $1.3B |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $2.0B |
| Total Assets | $2.9B | $6.5B |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $60.9M | $2.4B | ||
| Q2 25 | $54.1M | $2.0B | ||
| Q1 25 | $61.2M | $1.8B | ||
| Q4 24 | $50.6M | $1.6B | ||
| Q3 24 | $54.7M | $1.4B | ||
| Q2 24 | $40.3M | $1.3B | ||
| Q1 24 | $42.5M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.0B | $1.1B | ||
| Q1 24 | $2.0B | $1.1B |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $470.7M | $1.8B | ||
| Q2 25 | $501.4M | $1.8B | ||
| Q1 25 | $513.1M | $1.6B | ||
| Q4 24 | $524.8M | $1.4B | ||
| Q3 24 | $755.3M | $1.3B | ||
| Q2 24 | $765.0M | $1.1B | ||
| Q1 24 | $781.2M | $958.9M |
| Q4 25 | — | $6.5B | ||
| Q3 25 | $2.9B | $6.4B | ||
| Q2 25 | $2.9B | $5.3B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.0B | $4.7B | ||
| Q3 24 | $3.4B | $4.7B | ||
| Q2 24 | $3.4B | $4.2B | ||
| Q1 24 | $3.4B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | 0.64× | ||
| Q1 25 | 3.91× | 0.71× | ||
| Q4 24 | 3.85× | 0.80× | ||
| Q3 24 | 2.75× | 0.90× | ||
| Q2 24 | 2.67× | 1.04× | ||
| Q1 24 | 2.61× | 1.19× |
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 | $448.3M |
| Free Cash FlowOCF − Capex | $-70.7M | $431.0M |
| FCF MarginFCF / Revenue | -16.1% | 54.7% |
| Capex IntensityCapex / Revenue | 1.4% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $448.3M | ||
| Q3 25 | $-64.6M | $250.6M | ||
| Q2 25 | $17.8M | $211.1M | ||
| Q1 25 | $52.7M | $179.4M | ||
| Q4 24 | $80.3M | $331.3M | ||
| Q3 24 | $4.2M | $203.6M | ||
| Q2 24 | $11.3M | $173.4M | ||
| Q1 24 | $35.1M | $142.1M |
| Q4 25 | — | $431.0M | ||
| Q3 25 | $-70.7M | $190.6M | ||
| Q2 25 | $11.5M | $138.9M | ||
| Q1 25 | $42.4M | $164.4M | ||
| Q4 24 | $71.7M | $314.3M | ||
| Q3 24 | $-679.0K | $154.2M | ||
| Q2 24 | $5.2M | $137.8M | ||
| Q1 24 | $27.5M | $111.2M |
| Q4 25 | — | 54.7% | ||
| Q3 25 | -16.1% | 26.5% | ||
| Q2 25 | 2.7% | 20.5% | ||
| Q1 25 | 10.0% | 25.4% | ||
| Q4 24 | 13.0% | 50.1% | ||
| Q3 24 | -0.1% | 26.0% | ||
| Q2 24 | 1.2% | 24.9% | ||
| Q1 24 | 5.8% | 21.2% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 1.4% | 8.3% | ||
| Q2 25 | 1.5% | 10.6% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 1.0% | 8.3% | ||
| Q2 24 | 1.4% | 6.4% | ||
| Q1 24 | 1.6% | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | 9.07× | ||
| 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% |
ZS
Segment breakdown not available.
