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Side-by-side financial comparison of BGSF, INC. (BGSF) and Ladder Capital Corp (LADR). Click either name above to swap in a different company.

Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $22.0M, roughly 1.0× BGSF, INC.). Ladder Capital Corp runs the higher net margin — 71.0% vs -5.3%, a 76.3% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $1.7M). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -22.5%).

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.

Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.

BGSF vs LADR — Head-to-Head

Bigger by revenue
LADR
LADR
1.0× larger
LADR
$22.3M
$22.0M
BGSF
Growing faster (revenue YoY)
BGSF
BGSF
+8.6% gap
BGSF
-9.4%
-18.0%
LADR
Higher net margin
LADR
LADR
76.3% more per $
LADR
71.0%
-5.3%
BGSF
More free cash flow
LADR
LADR
$77.0M more FCF
LADR
$78.7M
$1.7M
BGSF
Faster 2-yr revenue CAGR
BGSF
BGSF
Annualised
BGSF
-5.3%
-22.5%
LADR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGSF
BGSF
LADR
LADR
Revenue
$22.0M
$22.3M
Net Profit
$-1.2M
$15.9M
Gross Margin
35.0%
Operating Margin
-17.6%
69.5%
Net Margin
-5.3%
71.0%
Revenue YoY
-9.4%
-18.0%
Net Profit YoY
-18.2%
-49.4%
EPS (diluted)
$-0.12
$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.

Revenue
BGSF
BGSF
LADR
LADR
Q4 25
$22.0M
$22.3M
Q3 25
$26.9M
$27.8M
Q2 25
$23.5M
$21.5M
Q1 25
$20.9M
$20.3M
Q4 24
$24.3M
$27.2M
Q3 24
$29.8M
$38.4M
Q2 24
$25.7M
$34.3M
Q1 24
$24.5M
$37.1M
Net Profit
BGSF
BGSF
LADR
LADR
Q4 25
$-1.2M
$15.9M
Q3 25
$-5.8M
$19.2M
Q2 25
$-3.7M
$17.1M
Q1 25
$-722.0K
$11.6M
Q4 24
$-981.0K
$31.3M
Q3 24
$-804.0K
$27.6M
Q2 24
$-761.0K
$32.1M
Q1 24
$-792.0K
$16.4M
Gross Margin
BGSF
BGSF
LADR
LADR
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
LADR
LADR
Q4 25
-17.6%
69.5%
Q3 25
-3.5%
72.4%
Q2 25
-18.8%
96.7%
Q1 25
1.6%
52.7%
Q4 24
-15.7%
Q3 24
-3.4%
74.1%
Q2 24
-5.7%
90.4%
Q1 24
1.7%
49.4%
Net Margin
BGSF
BGSF
LADR
LADR
Q4 25
-5.3%
71.0%
Q3 25
-21.6%
69.0%
Q2 25
-15.9%
79.5%
Q1 25
-3.5%
56.8%
Q4 24
-4.0%
115.1%
Q3 24
-2.7%
71.7%
Q2 24
-3.0%
93.6%
Q1 24
-3.2%
44.2%
EPS (diluted)
BGSF
BGSF
LADR
LADR
Q4 25
$-0.12
$0.13
Q3 25
$-0.52
$0.15
Q2 25
$-0.34
$0.14
Q1 25
$-0.06
$0.09
Q4 24
$0.25
Q3 24
$-0.07
$0.22
Q2 24
$-0.07
$0.26
Q1 24
$0.13

Balance Sheet & Financial Strength

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

Metric
BGSF
BGSF
LADR
LADR
Cash + ST InvestmentsLiquidity on hand
$38.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$48.1M
$1.5B
Total Assets
$57.8M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
LADR
LADR
Q4 25
$38.0M
Q3 25
$41.2M
$49.4M
Q2 25
$2.8M
$134.9M
Q1 25
$2.0M
$479.8M
Q4 24
$32.0K
$1.3B
Q3 24
$262
$1.6B
Q2 24
$226
$1.2B
Q1 24
$50
$1.2B
Stockholders' Equity
BGSF
BGSF
LADR
LADR
Q4 25
$48.1M
$1.5B
Q3 25
$50.7M
$1.5B
Q2 25
$78.3M
$1.5B
Q1 25
$81.8M
$1.5B
Q4 24
$82.3M
$1.5B
Q3 24
$82.9M
$1.5B
Q2 24
$83.2M
$1.5B
Q1 24
$83.6M
$1.5B
Total Assets
BGSF
BGSF
LADR
LADR
Q4 25
$57.8M
$5.2B
Q3 25
$83.6M
$4.7B
Q2 25
$149.7M
$4.5B
Q1 25
$152.3M
$4.5B
Q4 24
$150.1M
$4.8B
Q3 24
$157.3K
$4.8B
Q2 24
$159.8K
$4.8B
Q1 24
$170.6K
$5.3B

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
LADR
LADR
Operating Cash FlowLast quarter
$1.7M
$87.0M
Free Cash FlowOCF − Capex
$1.7M
$78.7M
FCF MarginFCF / Revenue
7.6%
352.4%
Capex IntensityCapex / Revenue
0.1%
37.4%
Cash ConversionOCF / Net Profit
5.49×
TTM Free Cash FlowTrailing 4 quarters
$-16.0K
$118.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
LADR
LADR
Q4 25
$1.7M
$87.0M
Q3 25
$-4.8M
$26.3M
Q2 25
$2.2M
$44.0M
Q1 25
$1.1M
$-28.7M
Q4 24
$3.2M
$133.9M
Q3 24
$6.5M
$169.0M
Q2 24
$7.3M
$45.4M
Q1 24
$7.4M
$-20.4M
Free Cash Flow
BGSF
BGSF
LADR
LADR
Q4 25
$1.7M
$78.7M
Q3 25
$-4.9M
$25.9M
Q2 25
$2.1M
$43.4M
Q1 25
$1.0M
$-29.6M
Q4 24
$2.5M
$127.4M
Q3 24
$6.5M
$166.0M
Q2 24
$7.3M
$44.9M
Q1 24
$6.9M
$-21.7M
FCF Margin
BGSF
BGSF
LADR
LADR
Q4 25
7.6%
352.4%
Q3 25
-18.1%
93.1%
Q2 25
9.1%
201.6%
Q1 25
5.0%
-145.6%
Q4 24
10.2%
468.2%
Q3 24
21.7%
432.1%
Q2 24
28.5%
131.0%
Q1 24
28.1%
-58.6%
Capex Intensity
BGSF
BGSF
LADR
LADR
Q4 25
0.1%
37.4%
Q3 25
0.4%
1.7%
Q2 25
0.0%
2.9%
Q1 25
0.1%
4.3%
Q4 24
3.0%
23.9%
Q3 24
0.0%
7.8%
Q2 24
0.0%
1.3%
Q1 24
2.0%
3.7%
Cash Conversion
BGSF
BGSF
LADR
LADR
Q4 25
5.49×
Q3 25
1.37×
Q2 25
2.57×
Q1 25
-2.49×
Q4 24
4.27×
Q3 24
6.13×
Q2 24
1.41×
Q1 24
-1.24×

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%

LADR
LADR

Segment breakdown not available.

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