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Side-by-side financial comparison of B&G Foods, Inc. (BGS) and Lifeway Foods, Inc. (LWAY), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
B&G Foods, Inc. is the larger business by last-quarter revenue ($439.3M vs $55.4M, roughly 7.9× Lifeway Foods, Inc.). Lifeway Foods, Inc. runs the higher net margin — -4.4% vs 4.6%, a 8.9% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs -4.7%). Lifeway Foods, Inc. produced more free cash flow last quarter ($-17.4M vs $-70.7M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% CAGR 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。
来福威食品公司是一家总部位于美国伊利诺伊州的健康食品企业，成立于1986年，是美国业内领先的开菲尔发酵益生菌产品供应商，这类产品主要用于调节人体微生物群平衡。
BGS vs LWAY — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $439.3M | $55.4M |
| Net Profit | $-19.1M | $2.5M |
| Gross Margin | 22.5% | 27.8% |
| Operating Margin | 2.5% | 6.8% |
| Net Margin | -4.4% | 4.6% |
| Revenue YoY | -4.7% | 18.0% |
| Net Profit YoY | -356.5% | 1688.1% |
| EPS (diluted) | $-0.24 | $0.15 |
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 | — | $55.4M | ||
| Q3 25 | $439.3M | $57.1M | ||
| Q2 25 | $424.4M | $53.9M | ||
| Q1 25 | $425.4M | $46.1M | ||
| Q4 24 | $551.6M | $46.9M | ||
| Q3 24 | $461.1M | $46.1M | ||
| Q2 24 | $444.6M | $49.2M | ||
| Q1 24 | $475.2M | $44.6M |
| Q4 25 | — | $2.5M | ||
| Q3 25 | $-19.1M | $3.5M | ||
| Q2 25 | $-9.8M | $4.2M | ||
| Q1 25 | $835.0K | $3.5M | ||
| Q4 24 | $-222.4M | $-160.0K | ||
| Q3 24 | $7.5M | $3.0M | ||
| Q2 24 | $3.9M | $3.8M | ||
| Q1 24 | $-40.2M | $2.4M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | 22.5% | 28.7% | ||
| Q2 25 | 20.5% | 28.6% | ||
| Q1 25 | 21.2% | 23.9% | ||
| Q4 24 | 21.5% | 25.3% | ||
| Q3 24 | 22.2% | 25.7% | ||
| Q2 24 | 20.7% | 27.0% | ||
| Q1 24 | 22.9% | 25.8% |
| Q4 25 | — | 6.8% | ||
| Q3 25 | 2.5% | 8.8% | ||
| Q2 25 | 5.2% | 10.8% | ||
| Q1 25 | 8.4% | 3.4% | ||
| Q4 24 | -46.6% | 1.5% | ||
| Q3 24 | 11.1% | 9.1% | ||
| Q2 24 | 9.9% | 11.0% | ||
| Q1 24 | -3.3% | 8.0% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | -4.4% | 6.2% | ||
| Q2 25 | -2.3% | 7.9% | ||
| Q1 25 | 0.2% | 7.7% | ||
| Q4 24 | -40.3% | -0.3% | ||
| Q3 24 | 1.6% | 6.5% | ||
| Q2 24 | 0.9% | 7.7% | ||
| Q1 24 | -8.5% | 5.4% |
| Q4 25 | — | $0.15 | ||
| Q3 25 | $-0.24 | $0.23 | ||
| Q2 25 | $-0.12 | $0.28 | ||
| Q1 25 | $0.01 | $0.23 | ||
| Q4 24 | $-2.81 | $0.00 | ||
| Q3 24 | $0.09 | $0.19 | ||
| Q2 24 | $0.05 | $0.25 | ||
| Q1 24 | $-0.51 | $0.16 |
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 | $60.9M | $5.6M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $470.7M | $85.8M |
| Total Assets | $2.9B | $105.6M |
| Debt / EquityLower = less leverage | 4.30× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $5.6M | ||
| Q3 25 | $60.9M | $23.0M | ||
| Q2 25 | $54.1M | $21.2M | ||
| Q1 25 | $61.2M | $19.4M | ||
| Q4 24 | $50.6M | $16.7M | ||
| Q3 24 | $54.7M | $20.6M | ||
| Q2 24 | $40.3M | $14.6M | ||
| Q1 24 | $42.5M | $12.0M |
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | $2.5M |
| Q4 25 | — | $85.8M | ||
| Q3 25 | $470.7M | $82.8M | ||
| Q2 25 | $501.4M | $78.7M | ||
| Q1 25 | $513.1M | $74.2M | ||
| Q4 24 | $524.8M | $71.9M | ||
| Q3 24 | $755.3M | $71.5M | ||
| Q2 24 | $765.0M | $68.0M | ||
| Q1 24 | $781.2M | $63.5M |
| Q4 25 | — | $105.6M | ||
| Q3 25 | $2.9B | $109.5M | ||
| Q2 25 | $2.9B | $98.3M | ||
| Q1 25 | $3.0B | $93.7M | ||
| Q4 24 | $3.0B | $90.5M | ||
| Q3 24 | $3.4B | $91.3M | ||
| Q2 24 | $3.4B | $84.9M | ||
| Q1 24 | $3.4B | $82.8M |
| 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× | 0.04× |
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 | $-64.6M | $267.0K |
| Free Cash FlowOCF − Capex | $-70.7M | $-17.4M |
| FCF MarginFCF / Revenue | -16.1% | -31.5% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 1.4% | 31.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $54.8M | $-16.4M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $267.0K | ||
| Q3 25 | $-64.6M | $6.9M | ||
| Q2 25 | $17.8M | $3.9M | ||
| Q1 25 | $52.7M | $-150.0K | ||
| Q4 24 | $80.3M | $-2.6M | ||
| Q3 24 | $4.2M | $7.5M | ||
| Q2 24 | $11.3M | $6.5M | ||
| Q1 24 | $35.1M | $1.5M |
| Q4 25 | — | $-17.4M | ||
| Q3 25 | $-70.7M | $1.8M | ||
| Q2 25 | $11.5M | $1.6M | ||
| Q1 25 | $42.4M | $-2.4M | ||
| Q4 24 | $71.7M | $-3.8M | ||
| Q3 24 | $-679.0K | $5.9M | ||
| Q2 24 | $5.2M | $5.1M | ||
| Q1 24 | $27.5M | $-923.0K |
| Q4 25 | — | -31.5% | ||
| Q3 25 | -16.1% | 3.1% | ||
| Q2 25 | 2.7% | 3.0% | ||
| Q1 25 | 10.0% | -5.1% | ||
| Q4 24 | 13.0% | -8.2% | ||
| Q3 24 | -0.1% | 12.8% | ||
| Q2 24 | 1.2% | 10.4% | ||
| Q1 24 | 5.8% | -2.1% |
| Q4 25 | — | 31.9% | ||
| Q3 25 | 1.4% | 9.0% | ||
| Q2 25 | 1.5% | 4.3% | ||
| Q1 25 | 2.4% | 4.8% | ||
| Q4 24 | 1.6% | 2.7% | ||
| Q3 24 | 1.0% | 3.3% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 1.6% | 5.5% |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 1.96× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | 63.17× | -0.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 2.50× | ||
| Q2 24 | 2.87× | 1.73× | ||
| Q1 24 | — | 0.64× |
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.
Revenue Breakdown by Segment
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% |
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
