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B&G Foods, Inc.（BGS）与KADANT INC（KAI）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KADANT INC的1.6倍（$439.3M vs $271.6M），KADANT INC净利率更高（10.2% vs -4.4%，领先14.6%），KADANT INC同比增速更快（-0.0% vs -4.7%），KADANT INC自由现金流更多（$44.1M vs $-70.7M），过去两年KADANT INC的营收复合增速更高（6.7% 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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
BGS vs KAI — 直观对比
营收规模更大
BGS
是对方的1.6倍
$271.6M
营收增速更快
KAI
高出4.7%
-4.7%
净利率更高
KAI
高出14.6%
-4.4%
自由现金流更多
KAI
多$114.8M
$-70.7M
两年增速更快
KAI
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $271.6M |
| 净利润 | $-19.1M | $27.7M |
| 毛利率 | 22.5% | 45.2% |
| 营业利润率 | 2.5% | 15.7% |
| 净利率 | -4.4% | 10.2% |
| 营收同比 | -4.7% | -0.0% |
| 净利润同比 | -356.5% | -12.2% |
| 每股收益（稀释后） | $-0.24 | $2.35 |
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BGSKAI
| Q3 25 | $439.3M | $271.6M | ||
| Q2 25 | $424.4M | $255.3M | ||
| Q1 25 | $425.4M | $239.2M | ||
| Q4 24 | $551.6M | $258.0M | ||
| Q3 24 | $461.1M | $271.6M | ||
| Q2 24 | $444.6M | $274.8M | ||
| Q1 24 | $475.2M | $249.0M | ||
| Q4 23 | $578.1M | $238.7M |
净利润BGSKAI
| Q3 25 | $-19.1M | $27.7M | ||
| Q2 25 | $-9.8M | $26.2M | ||
| Q1 25 | $835.0K | $24.1M | ||
| Q4 24 | $-222.4M | $24.0M | ||
| Q3 24 | $7.5M | $31.6M | ||
| Q2 24 | $3.9M | $31.3M | ||
| Q1 24 | $-40.2M | $24.7M | ||
| Q4 23 | $2.6M | $27.4M |
毛利率BGSKAI
| Q3 25 | 22.5% | 45.2% | ||
| Q2 25 | 20.5% | 45.9% | ||
| Q1 25 | 21.2% | 46.1% | ||
| Q4 24 | 21.5% | 43.4% | ||
| Q3 24 | 22.2% | 44.7% | ||
| Q2 24 | 20.7% | 44.4% | ||
| Q1 24 | 22.9% | 44.6% | ||
| Q4 23 | 21.7% | 42.7% |
营业利润率BGSKAI
| Q3 25 | 2.5% | 15.7% | ||
| Q2 25 | 5.2% | 15.4% | ||
| Q1 25 | 8.4% | 14.9% | ||
| Q4 24 | -46.6% | 14.3% | ||
| Q3 24 | 11.1% | 18.0% | ||
| Q2 24 | 9.9% | 17.6% | ||
| Q1 24 | -3.3% | 14.8% | ||
| Q4 23 | 7.2% | 16.3% |
净利率BGSKAI
| Q3 25 | -4.4% | 10.2% | ||
| Q2 25 | -2.3% | 10.2% | ||
| Q1 25 | 0.2% | 10.1% | ||
| Q4 24 | -40.3% | 9.3% | ||
| Q3 24 | 1.6% | 11.6% | ||
| Q2 24 | 0.9% | 11.4% | ||
| Q1 24 | -8.5% | 9.9% | ||
| Q4 23 | 0.4% | 11.5% |
每股收益（稀释后）BGSKAI
| Q3 25 | $-0.24 | $2.35 | ||
| Q2 25 | $-0.12 | $2.22 | ||
| Q1 25 | $0.01 | $2.04 | ||
| Q4 24 | $-2.81 | $2.04 | ||
| Q3 24 | $0.09 | $2.68 | ||
| Q2 24 | $0.05 | $2.66 | ||
| Q1 24 | $-0.51 | $2.10 | ||
| Q4 23 | $0.02 | $2.33 |
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 | $124.5M |
| 总债务越低越好 | $2.0B | $254.6M |
| 股东权益账面价值 | $470.7M | $949.8M |
| 总资产 | $2.9B | $1.5B |
| 负债/权益比越低杠杆越低 | 4.30× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资BGSKAI
| Q3 25 | $60.9M | $124.5M | ||
| Q2 25 | $54.1M | $95.3M | ||
| Q1 25 | $61.2M | $91.7M | ||
| Q4 24 | $50.6M | $94.7M | ||
| Q3 24 | $54.7M | $88.4M | ||
| Q2 24 | $40.3M | $73.8M | ||
| Q1 24 | $42.5M | $81.4M | ||
| Q4 23 | $41.1M | $103.8M |
总债务BGSKAI
| Q3 25 | $2.0B | $254.6M | ||
| Q2 25 | $2.0B | $245.7M | ||
| Q1 25 | $2.0B | $273.5M | ||
| Q4 24 | $2.0B | $285.2M | ||
| Q3 24 | $2.1B | $323.2M | ||
| Q2 24 | $2.0B | $342.0M | ||
| Q1 24 | $2.0B | $306.8M | ||
| Q4 23 | $2.0B | $107.7M |
股东权益BGSKAI
| Q3 25 | $470.7M | $949.8M | ||
| Q2 25 | $501.4M | $926.0M | ||
| Q1 25 | $513.1M | $876.0M | ||
| Q4 24 | $524.8M | $847.1M | ||
| Q3 24 | $755.3M | $851.7M | ||
| Q2 24 | $765.0M | $807.7M | ||
| Q1 24 | $781.2M | $782.7M | ||
| Q4 23 | $835.5M | $773.7M |
总资产BGSKAI
| 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 | $1.5B | ||
| Q2 24 | $3.4B | $1.5B | ||
| Q1 24 | $3.4B | $1.4B | ||
| Q4 23 | $3.5B | $1.2B |
负债/权益比BGSKAI
| Q3 25 | 4.30× | 0.27× | ||
| Q2 25 | 3.97× | 0.27× | ||
| Q1 25 | 3.91× | 0.31× | ||
| Q4 24 | 3.85× | 0.34× | ||
| Q3 24 | 2.75× | 0.38× | ||
| Q2 24 | 2.67× | 0.42× | ||
| Q1 24 | 2.61× | 0.39× | ||
| Q4 23 | 2.45× | 0.14× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $44.1M |
| 自由现金流率自由现金流/营收 | -16.1% | 16.2% |
| 资本支出强度资本支出/营收 | 1.4% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.70× |
| 过去12个月自由现金流最近4个季度 | $54.8M | $145.9M |
8季度趋势，按日历期对齐
经营现金流BGSKAI
| Q3 25 | $-64.6M | $47.3M | ||
| Q2 25 | $17.8M | $40.5M | ||
| Q1 25 | $52.7M | $22.8M | ||
| Q4 24 | $80.3M | $51.9M | ||
| Q3 24 | $4.2M | $52.5M | ||
| Q2 24 | $11.3M | $28.1M | ||
| Q1 24 | $35.1M | $22.8M | ||
| Q4 23 | $92.1M | $59.2M |
自由现金流BGSKAI
| Q3 25 | $-70.7M | $44.1M | ||
| Q2 25 | $11.5M | $36.5M | ||
| Q1 25 | $42.4M | $19.0M | ||
| Q4 24 | $71.7M | $46.3M | ||
| Q3 24 | $-679.0K | $48.3M | ||
| Q2 24 | $5.2M | $23.1M | ||
| Q1 24 | $27.5M | $16.6M | ||
| Q4 23 | $83.3M | $49.5M |
自由现金流率BGSKAI
| Q3 25 | -16.1% | 16.2% | ||
| Q2 25 | 2.7% | 14.3% | ||
| Q1 25 | 10.0% | 7.9% | ||
| Q4 24 | 13.0% | 17.9% | ||
| Q3 24 | -0.1% | 17.8% | ||
| Q2 24 | 1.2% | 8.4% | ||
| Q1 24 | 5.8% | 6.7% | ||
| Q4 23 | 14.4% | 20.7% |
资本支出强度BGSKAI
| Q3 25 | 1.4% | 1.2% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 2.4% | 1.6% | ||
| Q4 24 | 1.6% | 2.2% | ||
| Q3 24 | 1.0% | 1.5% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 1.6% | 2.5% | ||
| Q4 23 | 1.5% | 4.1% |
现金转化率BGSKAI
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | 63.17× | 0.95× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | 0.56× | 1.66× | ||
| Q2 24 | 2.87× | 0.90× | ||
| Q1 24 | — | 0.92× | ||
| Q4 23 | 35.76× | 2.16× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
