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B&G Foods, Inc.（BGS）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
B&G Foods, Inc.的季度营收约是医疗房产信托的1.5倍（$439.3M vs $296.5M），医疗房产信托净利率更高（-0.3% vs -4.4%，领先4.1%），B&G Foods, Inc.同比增速更快（-4.7% vs -17.0%），B&G Foods, Inc.自由现金流更多（$-70.7M vs $-95.2M），过去两年医疗房产信托的营收复合增速更高（-6.1% 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。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
BGS vs SVC — 直观对比
营收规模更大
BGS
是对方的1.5倍
$296.5M
营收增速更快
BGS
高出12.2%
-17.0%
净利率更高
SVC
高出4.1%
-4.4%
自由现金流更多
BGS
多$24.5M
$-95.2M
两年增速更快
SVC
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $296.5M |
| 净利润 | $-19.1M | $-782.0K |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | -3.9% |
| 净利率 | -4.4% | -0.3% |
| 营收同比 | -4.7% | -17.0% |
| 净利润同比 | -356.5% | 99.0% |
| 每股收益（稀释后） | $-0.24 | $-0.01 |
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BGSSVC
| Q4 25 | — | $296.5M | ||
| Q3 25 | $439.3M | $377.6M | ||
| Q2 25 | $424.4M | $404.4M | ||
| Q1 25 | $425.4M | $335.0M | ||
| Q4 24 | $551.6M | $357.0M | ||
| Q3 24 | $461.1M | $390.9M | ||
| Q2 24 | $444.6M | $412.5M | ||
| Q1 24 | $475.2M | $336.2M |
净利润BGSSVC
| Q4 25 | — | $-782.0K | ||
| Q3 25 | $-19.1M | $-46.9M | ||
| Q2 25 | $-9.8M | $-38.2M | ||
| Q1 25 | $835.0K | $-116.4M | ||
| Q4 24 | $-222.4M | $-76.4M | ||
| Q3 24 | $7.5M | $-46.9M | ||
| Q2 24 | $3.9M | $-73.8M | ||
| Q1 24 | $-40.2M | $-78.4M |
毛利率BGSSVC
| 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% | — | ||
| Q1 24 | 22.9% | — |
营业利润率BGSSVC
| Q4 25 | — | -3.9% | ||
| Q3 25 | 2.5% | -12.8% | ||
| Q2 25 | 5.2% | -9.2% | ||
| Q1 25 | 8.4% | -33.3% | ||
| Q4 24 | -46.6% | -19.4% | ||
| Q3 24 | 11.1% | -12.8% | ||
| Q2 24 | 9.9% | -17.1% | ||
| Q1 24 | -3.3% | -21.4% |
净利率BGSSVC
| Q4 25 | — | -0.3% | ||
| Q3 25 | -4.4% | -12.4% | ||
| Q2 25 | -2.3% | -9.4% | ||
| Q1 25 | 0.2% | -34.8% | ||
| Q4 24 | -40.3% | -21.4% | ||
| Q3 24 | 1.6% | -12.0% | ||
| Q2 24 | 0.9% | -17.9% | ||
| Q1 24 | -8.5% | -23.3% |
每股收益（稀释后）BGSSVC
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $-0.24 | $-0.28 | ||
| Q2 25 | $-0.12 | $-0.23 | ||
| Q1 25 | $0.01 | $-0.70 | ||
| Q4 24 | $-2.81 | $-0.46 | ||
| Q3 24 | $0.09 | $-0.28 | ||
| Q2 24 | $0.05 | $-0.45 | ||
| Q1 24 | $-0.51 | $-0.48 |
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 | $346.8M |
| 总债务越低越好 | $2.0B | $5.5B |
| 股东权益账面价值 | $470.7M | $646.1M |
| 总资产 | $2.9B | $6.5B |
| 负债/权益比越低杠杆越低 | 4.30× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资BGSSVC
| Q4 25 | — | $346.8M | ||
| Q3 25 | $60.9M | $417.4M | ||
| Q2 25 | $54.1M | $63.2M | ||
| Q1 25 | $61.2M | $80.1M | ||
| Q4 24 | $50.6M | $143.5M | ||
| Q3 24 | $54.7M | $48.6M | ||
| Q2 24 | $40.3M | $14.6M | ||
| Q1 24 | $42.5M | $71.3M |
总债务BGSSVC
| Q4 25 | — | $5.5B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $5.8B | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益BGSSVC
| Q4 25 | — | $646.1M | ||
| Q3 25 | $470.7M | $647.9M | ||
| Q2 25 | $501.4M | $695.9M | ||
| Q1 25 | $513.1M | $734.6M | ||
| Q4 24 | $524.8M | $851.9M | ||
| Q3 24 | $755.3M | $929.0M | ||
| Q2 24 | $765.0M | $1.0B | ||
| Q1 24 | $781.2M | $1.1B |
总资产BGSSVC
| Q4 25 | — | $6.5B | ||
| Q3 25 | $2.9B | $7.0B | ||
| Q2 25 | $2.9B | $6.9B | ||
| Q1 25 | $3.0B | $7.0B | ||
| Q4 24 | $3.0B | $7.1B | ||
| Q3 24 | $3.4B | $7.1B | ||
| Q2 24 | $3.4B | $7.1B | ||
| Q1 24 | $3.4B | $7.2B |
负债/权益比BGSSVC
| Q4 25 | — | 8.52× | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | 6.85× | ||
| 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 | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $-95.2M |
| 自由现金流率自由现金流/营收 | -16.1% | -32.1% |
| 资本支出强度资本支出/营收 | 1.4% | 25.9% |
| 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 | $-107.0M |
8季度趋势，按日历期对齐
经营现金流BGSSVC
| Q4 25 | — | $-18.5M | ||
| Q3 25 | $-64.6M | $98.1M | ||
| Q2 25 | $17.8M | $-7.0K | ||
| Q1 25 | $52.7M | $38.2M | ||
| Q4 24 | $80.3M | $-9.7M | ||
| Q3 24 | $4.2M | $106.2M | ||
| Q2 24 | $11.3M | $43.8M | ||
| Q1 24 | $35.1M | $-926.0K |
自由现金流BGSSVC
| Q4 25 | — | $-95.2M | ||
| Q3 25 | $-70.7M | $57.9M | ||
| Q2 25 | $11.5M | $-46.6M | ||
| Q1 25 | $42.4M | $-23.2M | ||
| Q4 24 | $71.7M | $-88.9M | ||
| Q3 24 | $-679.0K | $24.1M | ||
| Q2 24 | $5.2M | $-22.3M | ||
| Q1 24 | $27.5M | $-77.2M |
自由现金流率BGSSVC
| Q4 25 | — | -32.1% | ||
| Q3 25 | -16.1% | 15.3% | ||
| Q2 25 | 2.7% | -11.5% | ||
| Q1 25 | 10.0% | -6.9% | ||
| Q4 24 | 13.0% | -24.9% | ||
| Q3 24 | -0.1% | 6.2% | ||
| Q2 24 | 1.2% | -5.4% | ||
| Q1 24 | 5.8% | -23.0% |
资本支出强度BGSSVC
| Q4 25 | — | 25.9% | ||
| Q3 25 | 1.4% | 10.6% | ||
| Q2 25 | 1.5% | 11.5% | ||
| Q1 25 | 2.4% | 18.3% | ||
| Q4 24 | 1.6% | 22.2% | ||
| Q3 24 | 1.0% | 21.0% | ||
| Q2 24 | 1.4% | 16.0% | ||
| Q1 24 | 1.6% | 22.7% |
现金转化率BGSSVC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — | ||
| Q1 24 | — | — |
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% |
SVC
暂无分部数据
