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

ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $22.0M, roughly 214.0× BGSF, INC.). ManpowerGroup Inc. runs the higher net margin — 0.6% vs -5.3%, a 5.9% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs -9.4%). ManpowerGroup Inc. produced more free cash flow last quarter ($168.0M vs $1.7M). Over the past eight quarters, ManpowerGroup Inc.'s revenue compounded faster (3.5% 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.

ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.

BGSF vs MAN — Head-to-Head

Bigger by revenue
MAN
MAN
214.0× larger
MAN
$4.7B
$22.0M
BGSF
Growing faster (revenue YoY)
MAN
MAN
+16.5% gap
MAN
7.1%
-9.4%
BGSF
Higher net margin
MAN
MAN
5.9% more per $
MAN
0.6%
-5.3%
BGSF
More free cash flow
MAN
MAN
$166.3M more FCF
MAN
$168.0M
$1.7M
BGSF
Faster 2-yr revenue CAGR
MAN
MAN
Annualised
MAN
3.5%
-5.3%
BGSF

Income Statement — Q4 2025 vs Q4 2025

Metric
BGSF
BGSF
MAN
MAN
Revenue
$22.0M
$4.7B
Net Profit
$-1.2M
$30.2M
Gross Margin
35.0%
16.3%
Operating Margin
-17.6%
1.7%
Net Margin
-5.3%
0.6%
Revenue YoY
-9.4%
7.1%
Net Profit YoY
-18.2%
34.2%
EPS (diluted)
$-0.12
$0.65

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
MAN
MAN
Q4 25
$22.0M
$4.7B
Q3 25
$26.9M
$4.6B
Q2 25
$23.5M
$4.5B
Q1 25
$20.9M
$4.1B
Q4 24
$24.3M
$4.4B
Q3 24
$29.8M
$4.5B
Q2 24
$25.7M
$4.5B
Q1 24
$24.5M
$4.4B
Net Profit
BGSF
BGSF
MAN
MAN
Q4 25
$-1.2M
$30.2M
Q3 25
$-5.8M
$18.0M
Q2 25
$-3.7M
$-67.1M
Q1 25
$-722.0K
$5.6M
Q4 24
$-981.0K
$22.5M
Q3 24
$-804.0K
$22.8M
Q2 24
$-761.0K
$60.1M
Q1 24
$-792.0K
$39.7M
Gross Margin
BGSF
BGSF
MAN
MAN
Q4 25
35.0%
16.3%
Q3 25
35.9%
16.6%
Q2 25
35.8%
16.9%
Q1 25
36.2%
17.1%
Q4 24
35.9%
17.2%
Q3 24
35.9%
17.3%
Q2 24
37.3%
17.4%
Q1 24
38.1%
17.3%
Operating Margin
BGSF
BGSF
MAN
MAN
Q4 25
-17.6%
1.7%
Q3 25
-3.5%
1.4%
Q2 25
-18.8%
-0.6%
Q1 25
1.6%
0.7%
Q4 24
-15.7%
1.6%
Q3 24
-3.4%
1.6%
Q2 24
-5.7%
2.2%
Q1 24
1.7%
1.5%
Net Margin
BGSF
BGSF
MAN
MAN
Q4 25
-5.3%
0.6%
Q3 25
-21.6%
0.4%
Q2 25
-15.9%
-1.5%
Q1 25
-3.5%
0.1%
Q4 24
-4.0%
0.5%
Q3 24
-2.7%
0.5%
Q2 24
-3.0%
1.3%
Q1 24
-3.2%
0.9%
EPS (diluted)
BGSF
BGSF
MAN
MAN
Q4 25
$-0.12
$0.65
Q3 25
$-0.52
$0.38
Q2 25
$-0.34
$-1.44
Q1 25
$-0.06
$0.12
Q4 24
$0.49
Q3 24
$-0.07
$0.47
Q2 24
$-0.07
$1.24
Q1 24
$0.81

Balance Sheet & Financial Strength

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

Metric
BGSF
BGSF
MAN
MAN
Cash + ST InvestmentsLiquidity on hand
$871.0M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$48.1M
$2.1B
Total Assets
$57.8M
$9.2B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGSF
BGSF
MAN
MAN
Q4 25
$871.0M
Q3 25
$41.2M
$274.6M
Q2 25
$2.8M
$289.8M
Q1 25
$2.0M
$395.0M
Q4 24
$32.0K
$509.4M
Q3 24
$262
$410.9M
Q2 24
$226
$468.9M
Q1 24
$50
$604.8M
Total Debt
BGSF
BGSF
MAN
MAN
Q4 25
$1.1B
Q3 25
$468.3M
Q2 25
$470.3M
Q1 25
$971.4M
Q4 24
$929.4M
Q3 24
$999.7M
Q2 24
$961.7M
Q1 24
$968.9M
Stockholders' Equity
BGSF
BGSF
MAN
MAN
Q4 25
$48.1M
$2.1B
Q3 25
$50.7M
$2.0B
Q2 25
$78.3M
$2.0B
Q1 25
$81.8M
$2.1B
Q4 24
$82.3M
$2.1B
Q3 24
$82.9M
$2.2B
Q2 24
$83.2M
$2.1B
Q1 24
$83.6M
$2.2B
Total Assets
BGSF
BGSF
MAN
MAN
Q4 25
$57.8M
$9.2B
Q3 25
$83.6M
$8.4B
Q2 25
$149.7M
$8.5B
Q1 25
$152.3M
$8.0B
Q4 24
$150.1M
$8.2B
Q3 24
$157.3K
$8.5B
Q2 24
$159.8K
$8.5B
Q1 24
$170.6K
$8.5B
Debt / Equity
BGSF
BGSF
MAN
MAN
Q4 25
0.51×
Q3 25
0.23×
Q2 25
0.24×
Q1 25
0.46×
Q4 24
0.44×
Q3 24
0.46×
Q2 24
0.45×
Q1 24
0.45×

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
MAN
MAN
Operating Cash FlowLast quarter
$1.7M
$178.9M
Free Cash FlowOCF − Capex
$1.7M
$168.0M
FCF MarginFCF / Revenue
7.6%
3.6%
Capex IntensityCapex / Revenue
0.1%
0.2%
Cash ConversionOCF / Net Profit
5.92×
TTM Free Cash FlowTrailing 4 quarters
$-16.0K
$-161.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGSF
BGSF
MAN
MAN
Q4 25
$1.7M
$178.9M
Q3 25
$-4.8M
$59.8M
Q2 25
$2.2M
$-189.6M
Q1 25
$1.1M
$-153.2M
Q4 24
$3.2M
$247.6M
Q3 24
$6.5M
$83.5M
Q2 24
$7.3M
$-137.9M
Q1 24
$7.4M
$116.0M
Free Cash Flow
BGSF
BGSF
MAN
MAN
Q4 25
$1.7M
$168.0M
Q3 25
$-4.9M
$44.7M
Q2 25
$2.1M
$-207.2M
Q1 25
$1.0M
$-166.9M
Q4 24
$2.5M
$236.3M
Q3 24
$6.5M
$67.4M
Q2 24
$7.3M
$-149.8M
Q1 24
$6.9M
$104.2M
FCF Margin
BGSF
BGSF
MAN
MAN
Q4 25
7.6%
3.6%
Q3 25
-18.1%
1.0%
Q2 25
9.1%
-4.6%
Q1 25
5.0%
-4.1%
Q4 24
10.2%
5.4%
Q3 24
21.7%
1.5%
Q2 24
28.5%
-3.3%
Q1 24
28.1%
2.4%
Capex Intensity
BGSF
BGSF
MAN
MAN
Q4 25
0.1%
0.2%
Q3 25
0.4%
0.3%
Q2 25
0.0%
0.4%
Q1 25
0.1%
0.3%
Q4 24
3.0%
0.3%
Q3 24
0.0%
0.4%
Q2 24
0.0%
0.3%
Q1 24
2.0%
0.3%
Cash Conversion
BGSF
BGSF
MAN
MAN
Q4 25
5.92×
Q3 25
3.32×
Q2 25
Q1 25
-27.36×
Q4 24
11.00×
Q3 24
3.66×
Q2 24
-2.29×
Q1 24
2.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BGSF
BGSF

Segment breakdown not available.

MAN
MAN

Other$2.4B52%
Transferred Over Time$1.1B24%
Staffingand Interim$1.0B22%
Productsand Services Other$50.8M1%
Permanent Recruitment$37.5M1%
Outcome Based Solutionsand Consulting$20.7M0%
Transferred At Point In Time$20.4M0%

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