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Side-by-side financial comparison of BGSF, INC. (BGSF) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.

BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $18.9M, roughly 1.2× Bluerock Homes Trust, Inc.). BGSF, INC. runs the higher net margin — -5.3% vs -50.1%, a 44.9% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs -9.4%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $1.7M). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs -5.3%).

BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

BGSF vs BHM — Head-to-Head

Bigger by revenue
BGSF
BGSF
1.2× larger
BGSF
$22.0M
$18.9M
BHM
Growing faster (revenue YoY)
BHM
BHM
+45.3% gap
BHM
35.9%
-9.4%
BGSF
Higher net margin
BGSF
BGSF
44.9% more per $
BGSF
-5.3%
-50.1%
BHM
More free cash flow
BHM
BHM
$8.7M more FCF
BHM
$10.4M
$1.7M
BGSF
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
-5.3%
BGSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGSF
BGSF
BHM
BHM
Revenue
$22.0M
$18.9M
Net Profit
$-1.2M
$-9.5M
Gross Margin
35.0%
Operating Margin
-17.6%
-48.8%
Net Margin
-5.3%
-50.1%
Revenue YoY
-9.4%
35.9%
Net Profit YoY
-18.2%
-29.9%
EPS (diluted)
$-0.12
$-0.75

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
BGSF
BGSF
BHM
BHM
Q4 25
$22.0M
$18.9M
Q3 25
$26.9M
$16.6M
Q2 25
$23.5M
$16.8M
Q1 25
$20.9M
$16.4M
Q4 24
$24.3M
$13.9M
Q3 24
$29.8M
$12.7M
Q2 24
$25.7M
$12.5M
Q1 24
$24.5M
$11.2M
Net Profit
BGSF
BGSF
BHM
BHM
Q4 25
$-1.2M
$-9.5M
Q3 25
$-5.8M
$-10.0M
Q2 25
$-3.7M
$-5.8M
Q1 25
$-722.0K
$-7.3M
Q4 24
$-981.0K
$-7.3M
Q3 24
$-804.0K
$3.5M
Q2 24
$-761.0K
$-5.2M
Q1 24
$-792.0K
$-3.2M
Gross Margin
BGSF
BGSF
BHM
BHM
Q4 25
35.0%
Q3 25
35.9%
Q2 25
35.8%
Q1 25
36.2%
Q4 24
35.9%
Q3 24
35.9%
Q2 24
37.3%
Q1 24
38.1%
Operating Margin
BGSF
BGSF
BHM
BHM
Q4 25
-17.6%
-48.8%
Q3 25
-3.5%
-57.6%
Q2 25
-18.8%
-30.9%
Q1 25
1.6%
-42.6%
Q4 24
-15.7%
-52.8%
Q3 24
-3.4%
27.9%
Q2 24
-5.7%
-41.3%
Q1 24
1.7%
-28.4%
Net Margin
BGSF
BGSF
BHM
BHM
Q4 25
-5.3%
-50.1%
Q3 25
-21.6%
-60.0%
Q2 25
-15.9%
-34.7%
Q1 25
-3.5%
-44.7%
Q4 24
-4.0%
-52.8%
Q3 24
-2.7%
27.9%
Q2 24
-3.0%
-41.3%
Q1 24
-3.2%
-28.4%
EPS (diluted)
BGSF
BGSF
BHM
BHM
Q4 25
$-0.12
$-0.75
Q3 25
$-0.52
$-0.94
Q2 25
$-0.34
$-0.66
Q1 25
$-0.06
$-0.67
Q4 24
$-0.65
Q3 24
$-0.07
$0.24
Q2 24
$-0.07
$-0.42
Q1 24
$-0.27

Balance Sheet & Financial Strength

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

Metric
BGSF
BGSF
BHM
BHM
Cash + ST InvestmentsLiquidity on hand
$169.6M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$48.1M
$128.7M
Total Assets
$57.8M
$1.2B
Debt / EquityLower = less leverage
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
BHM
BHM
Q4 25
$169.6M
Q3 25
$41.2M
$2.1M
Q2 25
$2.8M
$4.2M
Q1 25
$2.0M
$3.0M
Q4 24
$32.0K
$115.2M
Q3 24
$262
$155.1M
Q2 24
$226
$116.0M
Q1 24
$50
$92.3M
Total Debt
BGSF
BGSF
BHM
BHM
Q4 25
$428.4M
Q3 25
$415.9M
Q2 25
$338.6M
Q1 25
$336.5M
Q4 24
$373.8M
Q3 24
$122.5M
Q2 24
$119.7M
Q1 24
$120.2M
Stockholders' Equity
BGSF
BGSF
BHM
BHM
Q4 25
$48.1M
$128.7M
Q3 25
$50.7M
$131.7M
Q2 25
$78.3M
$135.3M
Q1 25
$81.8M
$137.1M
Q4 24
$82.3M
$139.1M
Q3 24
$82.9M
$142.9M
Q2 24
$83.2M
$142.5M
Q1 24
$83.6M
$144.5M
Total Assets
BGSF
BGSF
BHM
BHM
Q4 25
$57.8M
$1.2B
Q3 25
$83.6M
$222.1M
Q2 25
$149.7M
$220.3M
Q1 25
$152.3M
$186.2M
Q4 24
$150.1M
$967.0M
Q3 24
$157.3K
$800.8M
Q2 24
$159.8K
$756.2M
Q1 24
$170.6K
$727.4M
Debt / Equity
BGSF
BGSF
BHM
BHM
Q4 25
3.33×
Q3 25
3.16×
Q2 25
2.50×
Q1 25
2.45×
Q4 24
2.69×
Q3 24
0.86×
Q2 24
0.84×
Q1 24
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BGSF
BGSF
BHM
BHM
Operating Cash FlowLast quarter
$1.7M
$27.8M
Free Cash FlowOCF − Capex
$1.7M
$10.4M
FCF MarginFCF / Revenue
7.6%
55.0%
Capex IntensityCapex / Revenue
0.1%
91.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-16.0K
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
BHM
BHM
Q4 25
$1.7M
$27.8M
Q3 25
$-4.8M
$13.4M
Q2 25
$2.2M
$13.9M
Q1 25
$1.1M
$951.0K
Q4 24
$3.2M
$9.1M
Q3 24
$6.5M
$1.7M
Q2 24
$7.3M
$1.3M
Q1 24
$7.4M
$1.1M
Free Cash Flow
BGSF
BGSF
BHM
BHM
Q4 25
$1.7M
$10.4M
Q3 25
$-4.9M
$8.7M
Q2 25
$2.1M
$8.8M
Q1 25
$1.0M
$-2.9M
Q4 24
$2.5M
$-253.0K
Q3 24
$6.5M
$-601.0K
Q2 24
$7.3M
$-654.0K
Q1 24
$6.9M
$-630.0K
FCF Margin
BGSF
BGSF
BHM
BHM
Q4 25
7.6%
55.0%
Q3 25
-18.1%
52.4%
Q2 25
9.1%
52.2%
Q1 25
5.0%
-17.6%
Q4 24
10.2%
-1.8%
Q3 24
21.7%
-4.7%
Q2 24
28.5%
-5.2%
Q1 24
28.1%
-5.6%
Capex Intensity
BGSF
BGSF
BHM
BHM
Q4 25
0.1%
91.8%
Q3 25
0.4%
28.5%
Q2 25
0.0%
30.3%
Q1 25
0.1%
23.4%
Q4 24
3.0%
66.9%
Q3 24
0.0%
18.0%
Q2 24
0.0%
15.3%
Q1 24
2.0%
15.5%
Cash Conversion
BGSF
BGSF
BHM
BHM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.47×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGSF
BGSF

Contract Field Talent$21.4M97%
Other$595.0K3%

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

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