vs
Side-by-side financial comparison of Bon Natural Life Ltd (BON) and Sweetgreen, Inc. (SG), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Sweetgreen, Inc. is the larger business by last-quarter revenue ($155.2M vs $10.2M, roughly 15.2× Bon Natural Life Ltd). Bon Natural Life Ltd runs the higher net margin — -0.4% vs -32.0%, a 31.6% gap on every dollar of revenue.
ABP OPCO, LLC, doing business as Au Bon Pain, is an American fast casual restaurant, bakery, and café chain headquartered in Richardson, Texas, which as of 2025 operated 34 locations in the United States as well as several outlets in Thailand. The company is owned by the Yum! Brands franchisee management company AMPEX Brands.
Sweetgreen is an American fast casual restaurant chain that serves salads. It was founded in November 2006 by Nicolas Jammet, Nathaniel Ru, and Jonathan Neman. In August 2007, they opened their first store in Washington, D.C., three months after they graduated from the McDonough School of Business at Georgetown University.
BON vs SG — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $10.2M | $155.2M |
| Net Profit | $-41.8K | $-49.7M |
| Gross Margin | 29.1% | — |
| Operating Margin | 0.8% | -31.0% |
| Net Margin | -0.4% | -32.0% |
| Revenue YoY | — | -3.5% |
| Net Profit YoY | — | -71.3% |
| EPS (diluted) | — | $-0.42 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $155.2M | ||
| Q3 25 | — | $172.4M | ||
| Q2 25 | — | $185.6M | ||
| Q1 25 | $10.2M | $166.3M | ||
| Q4 24 | — | $160.9M | ||
| Q3 24 | $23.8M | $173.4M | ||
| Q2 24 | — | $184.6M | ||
| Q1 24 | $14.1M | $157.8M |
| Q4 25 | — | $-49.7M | ||
| Q3 25 | — | $-36.1M | ||
| Q2 25 | — | $-23.2M | ||
| Q1 25 | $-41.8K | $-25.0M | ||
| Q4 24 | — | $-29.0M | ||
| Q3 24 | $398.2K | $-20.8M | ||
| Q2 24 | — | $-14.5M | ||
| Q1 24 | — | $-26.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 29.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 33.3% | — |
| Q4 25 | — | -31.0% | ||
| Q3 25 | — | -21.0% | ||
| Q2 25 | — | -14.2% | ||
| Q1 25 | 0.8% | -17.2% | ||
| Q4 24 | — | -19.5% | ||
| Q3 24 | 7.9% | -12.2% | ||
| Q2 24 | — | -8.8% | ||
| Q1 24 | 21.1% | -17.1% |
| Q4 25 | — | -32.0% | ||
| Q3 25 | — | -21.0% | ||
| Q2 25 | — | -12.5% | ||
| Q1 25 | -0.4% | -15.1% | ||
| Q4 24 | — | -18.0% | ||
| Q3 24 | 1.7% | -12.0% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | $-0.42 | ||
| Q3 25 | — | $-0.31 | ||
| Q2 25 | — | $-0.20 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | $4.14 | $-0.18 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $89.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.3M | $356.1M |
| Total Assets | $61.8M | $788.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $89.2M | ||
| Q3 25 | — | $130.0M | ||
| Q2 25 | — | $168.5M | ||
| Q1 25 | — | $183.9M | ||
| Q4 24 | — | $214.8M | ||
| Q3 24 | $80.5K | $234.6M | ||
| Q2 24 | — | $244.6M | ||
| Q1 24 | — | $243.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $356.1M | ||
| Q3 25 | — | $393.3M | ||
| Q2 25 | — | $423.3M | ||
| Q1 25 | $44.3M | $432.8M | ||
| Q4 24 | — | $446.1M | ||
| Q3 24 | $43.9M | $463.3M | ||
| Q2 24 | — | $470.1M | ||
| Q1 24 | $36.0M | $470.3M |
| Q4 25 | — | $788.1M | ||
| Q3 25 | — | $824.8M | ||
| Q2 25 | — | $831.9M | ||
| Q1 25 | $61.8M | $834.3M | ||
| Q4 24 | — | $856.8M | ||
| Q3 24 | $61.8M | $858.0M | ||
| Q2 24 | — | $859.2M | ||
| Q1 24 | $46.6M | $842.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.03× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.9M | $-8.7M |
| Free Cash FlowOCF − Capex | — | $-39.0M |
| FCF MarginFCF / Revenue | — | -25.1% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 19.6% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-119.2M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $-8.7M | ||
| Q3 25 | — | $-1.4M | ||
| Q2 25 | — | $10.5M | ||
| Q1 25 | $-1.9M | $-13.1M | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | $-7.7M | $14.7M | ||
| Q2 24 | — | $19.1M | ||
| Q1 24 | $-2.2M | $3.4M |
| Q4 25 | — | $-39.0M | ||
| Q3 25 | — | $-37.2M | ||
| Q2 25 | — | $-13.1M | ||
| Q1 25 | — | $-29.9M | ||
| Q4 24 | — | $-20.6M | ||
| Q3 24 | $-7.7M | $-10.3M | ||
| Q2 24 | — | $-156.0K | ||
| Q1 24 | $-2.2M | $-10.0M |
| Q4 25 | — | -25.1% | ||
| Q3 25 | — | -21.6% | ||
| Q2 25 | — | -7.1% | ||
| Q1 25 | — | -18.0% | ||
| Q4 24 | — | -12.8% | ||
| Q3 24 | -32.4% | -6.0% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | -15.5% | -6.3% |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 0.0% | 14.4% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | 0.1% | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -19.40× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.