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B&G Foods, Inc.（BGS）与PATHWARD FINANCIAL, INC.（CASH）财务数据对比。点击上方公司名可切换其他公司
B&G Foods, Inc.的季度营收约是PATHWARD FINANCIAL, INC.的1.6倍（$439.3M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs -4.4%，领先30.7%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% 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。
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
BGS vs CASH — 直观对比
营收规模更大
BGS
是对方的1.6倍
$276.3M
净利率更高
CASH
高出30.7%
-4.4%
两年增速更快
CASH
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $276.3M |
| 净利润 | $-19.1M | $72.9M |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | — |
| 净利率 | -4.4% | 26.4% |
| 营收同比 | -4.7% | — |
| 净利润同比 | -356.5% | — |
| 每股收益（稀释后） | $-0.24 | $3.35 |
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BGSCASH
| Q1 26 | — | $276.3M | ||
| Q4 25 | — | $173.1M | ||
| Q3 25 | $439.3M | $186.7M | ||
| Q2 25 | $424.4M | $195.8M | ||
| Q1 25 | $425.4M | $274.8M | ||
| Q4 24 | $551.6M | $182.6M | ||
| Q3 24 | $461.1M | $179.5M | ||
| Q2 24 | $444.6M | $188.6M |
净利润BGSCASH
| Q1 26 | — | $72.9M | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | $-19.1M | $38.8M | ||
| Q2 25 | $-9.8M | $42.1M | ||
| Q1 25 | $835.0K | $75.0M | ||
| Q4 24 | $-222.4M | $30.0M | ||
| Q3 24 | $7.5M | $33.5M | ||
| Q2 24 | $3.9M | $44.9M |
毛利率BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 22.5% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 20.7% | — |
营业利润率BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | 24.6% | ||
| Q3 25 | 2.5% | 25.9% | ||
| Q2 25 | 5.2% | 24.1% | ||
| Q1 25 | 8.4% | 33.2% | ||
| Q4 24 | -46.6% | 19.8% | ||
| Q3 24 | 11.1% | 20.9% | ||
| Q2 24 | 9.9% | 27.1% |
净利率BGSCASH
| Q1 26 | — | 26.4% | ||
| Q4 25 | — | 20.3% | ||
| Q3 25 | -4.4% | 20.8% | ||
| Q2 25 | -2.3% | 21.5% | ||
| Q1 25 | 0.2% | 27.3% | ||
| Q4 24 | -40.3% | 16.4% | ||
| Q3 24 | 1.6% | 18.7% | ||
| Q2 24 | 0.9% | 23.8% |
每股收益（稀释后）BGSCASH
| Q1 26 | — | $3.35 | ||
| Q4 25 | — | $1.57 | ||
| Q3 25 | $-0.24 | $1.69 | ||
| Q2 25 | $-0.12 | $1.81 | ||
| Q1 25 | $0.01 | $3.14 | ||
| Q4 24 | $-2.81 | $1.23 | ||
| Q3 24 | $0.09 | $1.34 | ||
| Q2 24 | $0.05 | $1.78 |
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 | $157.6M |
| 总债务越低越好 | $2.0B | $59.5M |
| 股东权益账面价值 | $470.7M | $850.7M |
| 总资产 | $2.9B | $7.1B |
| 负债/权益比越低杠杆越低 | 4.30× | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资BGSCASH
| Q1 26 | — | $157.6M | ||
| Q4 25 | — | $331.2M | ||
| Q3 25 | $60.9M | $120.6M | ||
| Q2 25 | $54.1M | $258.3M | ||
| Q1 25 | $61.2M | $254.2M | ||
| Q4 24 | $50.6M | $597.4M | ||
| Q3 24 | $54.7M | $158.3M | ||
| Q2 24 | $40.3M | $298.9M |
总债务BGSCASH
| Q1 26 | — | $59.5M | ||
| Q4 25 | — | $33.5M | ||
| Q3 25 | $2.0B | $33.5M | ||
| Q2 25 | $2.0B | $33.4M | ||
| Q1 25 | $2.0B | $33.4M | ||
| Q4 24 | $2.0B | $33.4M | ||
| Q3 24 | $2.1B | $33.4M | ||
| Q2 24 | $2.0B | $33.3M |
股东权益BGSCASH
| Q1 26 | — | $850.7M | ||
| Q4 25 | — | $854.5M | ||
| Q3 25 | $470.7M | $858.0M | ||
| Q2 25 | $501.4M | $819.0M | ||
| Q1 25 | $513.1M | $814.7M | ||
| Q4 24 | $524.8M | $758.3M | ||
| Q3 24 | $755.3M | $822.5M | ||
| Q2 24 | $765.0M | $748.4M |
总资产BGSCASH
| Q1 26 | — | $7.1B | ||
| Q4 25 | — | $7.6B | ||
| Q3 25 | $2.9B | $7.2B | ||
| Q2 25 | $2.9B | $7.2B | ||
| Q1 25 | $3.0B | $7.0B | ||
| Q4 24 | $3.0B | $7.6B | ||
| Q3 24 | $3.4B | $7.5B | ||
| Q2 24 | $3.4B | $7.5B |
负债/权益比BGSCASH
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | 0.04× | ||
| Q3 25 | 4.30× | 0.04× | ||
| Q2 25 | 3.97× | 0.04× | ||
| Q1 25 | 3.91× | 0.04× | ||
| Q4 24 | 3.85× | 0.04× | ||
| Q3 24 | 2.75× | 0.04× | ||
| Q2 24 | 2.67× | 0.04× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | — |
| 自由现金流率自由现金流/营收 | -16.1% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | $108.3M | ||
| Q3 25 | $-64.6M | $303.7M | ||
| Q2 25 | $17.8M | $30.4M | ||
| Q1 25 | $52.7M | $188.3M | ||
| Q4 24 | $80.3M | $-71.7M | ||
| Q3 24 | $4.2M | $143.1M | ||
| Q2 24 | $11.3M | $113.2M |
自由现金流BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | $104.1M | ||
| Q3 25 | $-70.7M | $300.3M | ||
| Q2 25 | $11.5M | $27.7M | ||
| Q1 25 | $42.4M | $184.7M | ||
| Q4 24 | $71.7M | $-73.8M | ||
| Q3 24 | $-679.0K | $138.8M | ||
| Q2 24 | $5.2M | $111.0M |
自由现金流率BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | -16.1% | 160.9% | ||
| Q2 25 | 2.7% | 14.1% | ||
| Q1 25 | 10.0% | 67.2% | ||
| Q4 24 | 13.0% | -40.4% | ||
| Q3 24 | -0.1% | 77.3% | ||
| Q2 24 | 1.2% | 58.8% |
资本支出强度BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 1.5% | 1.4% | ||
| Q1 25 | 2.4% | 1.3% | ||
| Q4 24 | 1.6% | 1.1% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 1.4% | 1.2% |
现金转化率BGSCASH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.08× | ||
| Q3 25 | — | 7.83× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | 63.17× | 2.51× | ||
| Q4 24 | — | -2.39× | ||
| Q3 24 | 0.56× | 4.27× | ||
| Q2 24 | 2.87× | 2.52× |
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% |
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
