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B&G Foods, Inc.（BGS）与CSW INDUSTRIALS, INC.（CSW）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CSW INDUSTRIALS, INC.的1.9倍（$439.3M vs $233.0M），CSW INDUSTRIALS, INC.净利率更高（4.4% vs -4.4%，领先8.8%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -4.7%），CSW INDUSTRIALS, INC.自由现金流更多（$22.7M vs $-70.7M），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% 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。
BGS vs CSW — 直观对比
营收规模更大
BGS
是对方的1.9倍
$233.0M
营收增速更快
CSW
高出25.0%
-4.7%
净利率更高
CSW
高出8.8%
-4.4%
自由现金流更多
CSW
多$93.4M
$-70.7M
两年增速更快
CSW
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $233.0M |
| 净利润 | $-19.1M | $10.3M |
| 毛利率 | 22.5% | 39.7% |
| 营业利润率 | 2.5% | 7.4% |
| 净利率 | -4.4% | 4.4% |
| 营收同比 | -4.7% | 20.3% |
| 净利润同比 | -356.5% | -61.9% |
| 每股收益（稀释后） | $-0.24 | $0.62 |
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BGSCSW
| Q4 25 | — | $233.0M | ||
| Q3 25 | $439.3M | $277.0M | ||
| Q2 25 | $424.4M | $263.6M | ||
| Q1 25 | $425.4M | $230.5M | ||
| Q4 24 | $551.6M | $193.6M | ||
| Q3 24 | $461.1M | $227.9M | ||
| Q2 24 | $444.6M | $226.2M | ||
| Q1 24 | $475.2M | $210.9M |
净利润BGSCSW
| Q4 25 | — | $10.3M | ||
| Q3 25 | $-19.1M | $40.7M | ||
| Q2 25 | $-9.8M | $40.9M | ||
| Q1 25 | $835.0K | $35.1M | ||
| Q4 24 | $-222.4M | $26.9M | ||
| Q3 24 | $7.5M | $36.1M | ||
| Q2 24 | $3.9M | $38.6M | ||
| Q1 24 | $-40.2M | $31.8M |
毛利率BGSCSW
| Q4 25 | — | 39.7% | ||
| Q3 25 | 22.5% | 43.0% | ||
| Q2 25 | 20.5% | 43.8% | ||
| Q1 25 | 21.2% | 44.2% | ||
| Q4 24 | 21.5% | 41.4% | ||
| Q3 24 | 22.2% | 45.6% | ||
| Q2 24 | 20.7% | 47.5% | ||
| Q1 24 | 22.9% | 44.4% |
营业利润率BGSCSW
| Q4 25 | — | 7.4% | ||
| Q3 25 | 2.5% | 20.5% | ||
| Q2 25 | 5.2% | 20.8% | ||
| Q1 25 | 8.4% | 19.5% | ||
| Q4 24 | -46.6% | 15.3% | ||
| Q3 24 | 11.1% | 22.6% | ||
| Q2 24 | 9.9% | 24.3% | ||
| Q1 24 | -3.3% | 21.0% |
净利率BGSCSW
| Q4 25 | — | 4.4% | ||
| Q3 25 | -4.4% | 14.7% | ||
| Q2 25 | -2.3% | 15.5% | ||
| Q1 25 | 0.2% | 15.2% | ||
| Q4 24 | -40.3% | 13.9% | ||
| Q3 24 | 1.6% | 15.8% | ||
| Q2 24 | 0.9% | 17.1% | ||
| Q1 24 | -8.5% | 15.1% |
每股收益（稀释后）BGSCSW
| Q4 25 | — | $0.62 | ||
| Q3 25 | $-0.24 | $2.41 | ||
| Q2 25 | $-0.12 | $2.43 | ||
| Q1 25 | $0.01 | $2.05 | ||
| Q4 24 | $-2.81 | $1.60 | ||
| Q3 24 | $0.09 | $2.26 | ||
| Q2 24 | $0.05 | $2.47 | ||
| Q1 24 | $-0.51 | $2.03 |
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 | $40.2M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $1.1B |
| 总资产 | $2.9B | $2.3B |
| 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BGSCSW
| Q4 25 | — | $40.2M | ||
| Q3 25 | $60.9M | $31.5M | ||
| Q2 25 | $54.1M | $38.0M | ||
| Q1 25 | $61.2M | $225.8M | ||
| Q4 24 | $50.6M | $213.8M | ||
| Q3 24 | $54.7M | $273.2M | ||
| Q2 24 | $40.3M | $18.9M | ||
| Q1 24 | $42.5M | $22.2M |
总债务BGSCSW
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | $800.1M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | $166.0M |
股东权益BGSCSW
| Q4 25 | — | $1.1B | ||
| Q3 25 | $470.7M | $1.1B | ||
| Q2 25 | $501.4M | $1.1B | ||
| Q1 25 | $513.1M | $1.1B | ||
| Q4 24 | $524.8M | $1.0B | ||
| Q3 24 | $755.3M | $1.0B | ||
| Q2 24 | $765.0M | $650.2M | ||
| Q1 24 | $781.2M | $615.7M |
总资产BGSCSW
| Q4 25 | — | $2.3B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.9B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.4B | $1.1B | ||
| Q1 24 | $3.4B | $1.0B |
负债/权益比BGSCSW
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | 0.75× | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 2.67× | — | ||
| Q1 24 | 2.61× | 0.27× |
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 | $28.9M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $22.7M |
| 自由现金流率自由现金流/营收 | -16.1% | 9.8% |
| 资本支出强度资本支出/营收 | 1.4% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.81× |
| 过去12个月自由现金流最近4个季度 | $54.8M | $162.0M |
8季度趋势，按日历期对齐
经营现金流BGSCSW
| Q4 25 | — | $28.9M | ||
| Q3 25 | $-64.6M | $61.8M | ||
| Q2 25 | $17.8M | $60.6M | ||
| Q1 25 | $52.7M | $27.3M | ||
| Q4 24 | $80.3M | $11.6M | ||
| Q3 24 | $4.2M | $66.8M | ||
| Q2 24 | $11.3M | $62.7M | ||
| Q1 24 | $35.1M | $22.4M |
自由现金流BGSCSW
| Q4 25 | — | $22.7M | ||
| Q3 25 | $-70.7M | $58.7M | ||
| Q2 25 | $11.5M | $57.7M | ||
| Q1 25 | $42.4M | $22.8M | ||
| Q4 24 | $71.7M | $8.5M | ||
| Q3 24 | $-679.0K | $61.3M | ||
| Q2 24 | $5.2M | $59.6M | ||
| Q1 24 | $27.5M | $17.5M |
自由现金流率BGSCSW
| Q4 25 | — | 9.8% | ||
| Q3 25 | -16.1% | 21.2% | ||
| Q2 25 | 2.7% | 21.9% | ||
| Q1 25 | 10.0% | 9.9% | ||
| Q4 24 | 13.0% | 4.4% | ||
| Q3 24 | -0.1% | 26.9% | ||
| Q2 24 | 1.2% | 26.3% | ||
| Q1 24 | 5.8% | 8.3% |
资本支出强度BGSCSW
| Q4 25 | — | 2.6% | ||
| Q3 25 | 1.4% | 1.1% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 1.6% | 1.6% | ||
| Q3 24 | 1.0% | 2.4% | ||
| Q2 24 | 1.4% | 1.4% | ||
| Q1 24 | 1.6% | 2.3% |
现金转化率BGSCSW
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | 63.17× | 0.78× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | 0.56× | 1.85× | ||
| Q2 24 | 2.87× | 1.62× | ||
| Q1 24 | — | 0.71× |
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% |
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
