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B&G Foods, Inc.（BGS）与BELLRING BRANDS, INC.（BRBR）财务数据对比。点击上方公司名可切换其他公司
BELLRING BRANDS, INC.的季度营收约是B&G Foods, Inc.的1.2倍（$537.3M vs $439.3M）。BELLRING BRANDS, INC.净利率更高（8.1% vs -4.4%，领先12.5%）。BELLRING BRANDS, INC.同比增速更快（0.8% vs -4.7%）。BELLRING BRANDS, INC.自由现金流更多（$-7.3M vs $-70.7M）。过去两年BELLRING BRANDS, INC.的营收复合增速更高（4.2% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
Bellring Brands是一家知名营养食品企业，研发、生产及销售蛋白饮料、蛋白棒、蛋白粉等功能性营养产品，旗下拥有Premier Protein、Dymatize等知名品牌，主要面向北美市场的健康及运动爱好者，通过零售、电商等多渠道发售。
BGS vs BRBR — 直观对比
营收规模更大
BRBR
是对方的1.2倍
$439.3M
营收增速更快
BRBR
高出5.5%
-4.7%
净利率更高
BRBR
高出12.5%
-4.4%
自由现金流更多
BRBR
多$63.4M
$-70.7M
两年增速更快
BRBR
近两年复合增速
-12.8%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $537.3M |
| 净利润 | $-19.1M | $43.7M |
| 毛利率 | 22.5% | 29.9% |
| 营业利润率 | 2.5% | 14.6% |
| 净利率 | -4.4% | 8.1% |
| 营收同比 | -4.7% | 0.8% |
| 净利润同比 | -356.5% | -43.2% |
| 每股收益（稀释后） | $-0.24 | $0.36 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BGSBRBR
| Q4 25 | — | $537.3M | ||
| Q3 25 | $439.3M | $648.2M | ||
| Q2 25 | $424.4M | $547.5M | ||
| Q1 25 | $425.4M | $588.0M | ||
| Q4 24 | $551.6M | $532.9M | ||
| Q3 24 | $461.1M | $555.8M | ||
| Q2 24 | $444.6M | $515.4M | ||
| Q1 24 | $475.2M | $494.6M |
净利润BGSBRBR
| Q4 25 | — | $43.7M | ||
| Q3 25 | $-19.1M | $59.6M | ||
| Q2 25 | $-9.8M | $21.0M | ||
| Q1 25 | $835.0K | $58.7M | ||
| Q4 24 | $-222.4M | $76.9M | ||
| Q3 24 | $7.5M | $71.7M | ||
| Q2 24 | $3.9M | $73.7M | ||
| Q1 24 | $-40.2M | $57.2M |
毛利率BGSBRBR
| Q4 25 | — | 29.9% | ||
| Q3 25 | 22.5% | 28.9% | ||
| Q2 25 | 20.5% | 35.4% | ||
| Q1 25 | 21.2% | 32.3% | ||
| Q4 24 | 21.5% | 37.5% | ||
| Q3 24 | 22.2% | 36.9% | ||
| Q2 24 | 20.7% | 36.8% | ||
| Q1 24 | 22.9% | 33.2% |
营业利润率BGSBRBR
| Q4 25 | — | 14.6% | ||
| Q3 25 | 2.5% | 15.8% | ||
| Q2 25 | 5.2% | 8.2% | ||
| Q1 25 | 8.4% | 16.2% | ||
| Q4 24 | -46.6% | 21.6% | ||
| Q3 24 | 11.1% | 20.2% | ||
| Q2 24 | 9.9% | 21.7% | ||
| Q1 24 | -3.3% | 18.4% |
净利率BGSBRBR
| Q4 25 | — | 8.1% | ||
| Q3 25 | -4.4% | 9.2% | ||
| Q2 25 | -2.3% | 3.8% | ||
| Q1 25 | 0.2% | 10.0% | ||
| Q4 24 | -40.3% | 14.4% | ||
| Q3 24 | 1.6% | 12.9% | ||
| Q2 24 | 0.9% | 14.3% | ||
| Q1 24 | -8.5% | 11.6% |
每股收益（稀释后）BGSBRBR
| Q4 25 | — | $0.36 | ||
| Q3 25 | $-0.24 | $0.48 | ||
| Q2 25 | $-0.12 | $0.16 | ||
| Q1 25 | $0.01 | $0.45 | ||
| Q4 24 | $-2.81 | $0.59 | ||
| Q3 24 | $0.09 | $0.54 | ||
| Q2 24 | $0.05 | $0.56 | ||
| Q1 24 | $-0.51 | $0.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $60.9M | $64.1M |
| 总债务越低越好 | $2.0B | $1.2B |
| 股东权益账面价值 | $470.7M | $-510.7M |
| 总资产 | $2.9B | $1.1B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSBRBR
| Q4 25 | — | $64.1M | ||
| Q3 25 | $60.9M | $71.8M | ||
| Q2 25 | $54.1M | $43.7M | ||
| Q1 25 | $61.2M | $28.1M | ||
| Q4 24 | $50.6M | $49.6M | ||
| Q3 24 | $54.7M | $70.8M | ||
| Q2 24 | $40.3M | $72.6M | ||
| Q1 24 | $42.5M | $79.3M |
总债务BGSBRBR
| Q4 25 | — | $1.2B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $2.0B | $953.7M | ||
| Q4 24 | $2.0B | $833.4M | ||
| Q3 24 | $2.1B | $833.1M | ||
| Q2 24 | $2.0B | $832.7M | ||
| Q1 24 | $2.0B | $832.4M |
股东权益BGSBRBR
| Q4 25 | — | $-510.7M | ||
| Q3 25 | $470.7M | $-453.9M | ||
| Q2 25 | $501.4M | $-309.9M | ||
| Q1 25 | $513.1M | $-254.1M | ||
| Q4 24 | $524.8M | $-146.6M | ||
| Q3 24 | $755.3M | $-205.9M | ||
| Q2 24 | $765.0M | $-243.2M | ||
| Q1 24 | $781.2M | $-247.7M |
总资产BGSBRBR
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.9B | $941.0M | ||
| Q2 25 | $2.9B | $993.7M | ||
| Q1 25 | $3.0B | $947.5M | ||
| Q4 24 | $3.0B | $885.2M | ||
| Q3 24 | $3.4B | $837.0M | ||
| Q2 24 | $3.4B | $804.1M | ||
| Q1 24 | $3.4B | $765.0M |
负债/权益比BGSBRBR
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-64.6M | $-3.1M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $-7.3M |
| 自由现金流率自由现金流/营收 | -16.1% | -1.4% |
| 资本支出强度资本支出/营收 | 1.4% | 0.8% |
| 现金转化率经营现金流/净利润 | — | -0.07× |
| 过去12个月自由现金流最近4个季度 | $54.8M | $246.9M |
8季度趋势，按日历期对齐
经营现金流BGSBRBR
| Q4 25 | — | $-3.1M | ||
| Q3 25 | $-64.6M | $169.1M | ||
| Q2 25 | $17.8M | $40.3M | ||
| Q1 25 | $52.7M | $48.2M | ||
| Q4 24 | $80.3M | $3.0M | ||
| Q3 24 | $4.2M | $40.1M | ||
| Q2 24 | $11.3M | $69.0M | ||
| Q1 24 | $35.1M | $16.3M |
自由现金流BGSBRBR
| Q4 25 | — | $-7.3M | ||
| Q3 25 | $-70.7M | $168.1M | ||
| Q2 25 | $11.5M | $38.5M | ||
| Q1 25 | $42.4M | $47.6M | ||
| Q4 24 | $71.7M | $1.7M | ||
| Q3 24 | $-679.0K | $38.9M | ||
| Q2 24 | $5.2M | $68.9M | ||
| Q1 24 | $27.5M | $16.0M |
自由现金流率BGSBRBR
| Q4 25 | — | -1.4% | ||
| Q3 25 | -16.1% | 25.9% | ||
| Q2 25 | 2.7% | 7.0% | ||
| Q1 25 | 10.0% | 8.1% | ||
| Q4 24 | 13.0% | 0.3% | ||
| Q3 24 | -0.1% | 7.0% | ||
| Q2 24 | 1.2% | 13.4% | ||
| Q1 24 | 5.8% | 3.2% |
资本支出强度BGSBRBR
| Q4 25 | — | 0.8% | ||
| Q3 25 | 1.4% | 0.2% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 1.0% | 0.2% | ||
| Q2 24 | 1.4% | 0.0% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率BGSBRBR
| Q4 25 | — | -0.07× | ||
| Q3 25 | — | 2.84× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 63.17× | 0.82× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 0.56× | 0.56× | ||
| Q2 24 | 2.87× | 0.94× | ||
| Q1 24 | — | 0.28× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
