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B&G Foods, Inc.（BGS）与Tecnoglass Inc.（TGLS）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Tecnoglass Inc.的1.8倍（$439.3M vs $245.3M），Tecnoglass Inc.净利率更高（10.6% vs -4.4%，领先15.0%），Tecnoglass Inc.同比增速更快（2.4% vs -4.7%），Tecnoglass Inc.自由现金流更多（$11.4M vs $-70.7M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
BGS vs TGLS — 直观对比
营收规模更大
BGS
是对方的1.8倍
$245.3M
营收增速更快
TGLS
高出7.1%
-4.7%
净利率更高
TGLS
高出15.0%
-4.4%
自由现金流更多
TGLS
多$82.2M
$-70.7M
两年增速更快
TGLS
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $245.3M |
| 净利润 | $-19.1M | $26.1M |
| 毛利率 | 22.5% | 40.0% |
| 营业利润率 | 2.5% | 18.3% |
| 净利率 | -4.4% | 10.6% |
| 营收同比 | -4.7% | 2.4% |
| 净利润同比 | -356.5% | -44.5% |
| 每股收益（稀释后） | $-0.24 | $0.57 |
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BGSTGLS
| Q4 25 | — | $245.3M | ||
| Q3 25 | $439.3M | $260.5M | ||
| Q2 25 | $424.4M | $255.5M | ||
| Q1 25 | $425.4M | $222.3M | ||
| Q4 24 | $551.6M | $239.6M | ||
| Q3 24 | $461.1M | $238.3M | ||
| Q2 24 | $444.6M | $219.7M | ||
| Q1 24 | $475.2M | $192.6M |
净利润BGSTGLS
| Q4 25 | — | $26.1M | ||
| Q3 25 | $-19.1M | $47.2M | ||
| Q2 25 | $-9.8M | $44.1M | ||
| Q1 25 | $835.0K | $42.2M | ||
| Q4 24 | $-222.4M | $47.0M | ||
| Q3 24 | $7.5M | $49.5M | ||
| Q2 24 | $3.9M | $35.0M | ||
| Q1 24 | $-40.2M | $29.7M |
毛利率BGSTGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | 22.5% | 42.7% | ||
| Q2 25 | 20.5% | 44.7% | ||
| Q1 25 | 21.2% | 43.9% | ||
| Q4 24 | 21.5% | 44.5% | ||
| Q3 24 | 22.2% | 45.8% | ||
| Q2 24 | 20.7% | 40.8% | ||
| Q1 24 | 22.9% | 38.8% |
营业利润率BGSTGLS
| Q4 25 | — | 18.3% | ||
| Q3 25 | 2.5% | 25.1% | ||
| Q2 25 | 5.2% | 24.0% | ||
| Q1 25 | 8.4% | 26.7% | ||
| Q4 24 | -46.6% | 28.0% | ||
| Q3 24 | 11.1% | 28.4% | ||
| Q2 24 | 9.9% | 23.3% | ||
| Q1 24 | -3.3% | 21.3% |
净利率BGSTGLS
| Q4 25 | — | 10.6% | ||
| Q3 25 | -4.4% | 18.1% | ||
| Q2 25 | -2.3% | 17.3% | ||
| Q1 25 | 0.2% | 19.0% | ||
| Q4 24 | -40.3% | 19.6% | ||
| Q3 24 | 1.6% | 20.8% | ||
| Q2 24 | 0.9% | 15.9% | ||
| Q1 24 | -8.5% | 15.4% |
每股收益（稀释后）BGSTGLS
| Q4 25 | — | $0.57 | ||
| Q3 25 | $-0.24 | $1.01 | ||
| Q2 25 | $-0.12 | $0.94 | ||
| Q1 25 | $0.01 | $0.90 | ||
| Q4 24 | $-2.81 | $1.00 | ||
| Q3 24 | $0.09 | $1.05 | ||
| Q2 24 | $0.05 | $0.75 | ||
| Q1 24 | $-0.51 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $2.0B | $174.4M |
| 股东权益账面价值 | $470.7M | $713.1M |
| 总资产 | $2.9B | $1.3B |
| 负债/权益比越低杠杆越低 | 4.30× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资BGSTGLS
| Q4 25 | — | $104.1M | ||
| Q3 25 | $60.9M | $127.1M | ||
| Q2 25 | $54.1M | $140.9M | ||
| Q1 25 | $61.2M | $160.2M | ||
| Q4 24 | $50.6M | $137.5M | ||
| Q3 24 | $54.7M | $124.8M | ||
| Q2 24 | $40.3M | $129.5M | ||
| Q1 24 | $42.5M | $138.8M |
总债务BGSTGLS
| Q4 25 | — | $174.4M | ||
| Q3 25 | $2.0B | $114.7M | ||
| Q2 25 | $2.0B | $110.6M | ||
| Q1 25 | $2.0B | $110.6M | ||
| Q4 24 | $2.0B | $111.1M | ||
| Q3 24 | $2.1B | $126.8M | ||
| Q2 24 | $2.0B | $144.7M | ||
| Q1 24 | $2.0B | $160.9M |
股东权益BGSTGLS
| Q4 25 | — | $713.1M | ||
| Q3 25 | $470.7M | $764.0M | ||
| Q2 25 | $501.4M | $736.0M | ||
| Q1 25 | $513.1M | $685.1M | ||
| Q4 24 | $524.8M | $631.2M | ||
| Q3 24 | $755.3M | $613.3M | ||
| Q2 24 | $765.0M | $574.8M | ||
| Q1 24 | $781.2M | $573.6M |
总资产BGSTGLS
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $3.0B | $1.1B | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $3.4B | $996.3M | ||
| Q2 24 | $3.4B | $942.5M | ||
| Q1 24 | $3.4B | $981.6M |
负债/权益比BGSTGLS
| Q4 25 | — | 0.24× | ||
| Q3 25 | 4.30× | 0.15× | ||
| Q2 25 | 3.97× | 0.15× | ||
| Q1 25 | 3.91× | 0.16× | ||
| Q4 24 | 3.85× | 0.18× | ||
| Q3 24 | 2.75× | 0.21× | ||
| Q2 24 | 2.67× | 0.25× | ||
| Q1 24 | 2.61× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $11.4M |
| 自由现金流率自由现金流/营收 | -16.1% | 4.7% |
| 资本支出强度资本支出/营收 | 1.4% | 8.0% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $54.8M | $34.5M |
8季度趋势，按日历期对齐
经营现金流BGSTGLS
| Q4 25 | — | $31.0M | ||
| Q3 25 | $-64.6M | $40.0M | ||
| Q2 25 | $17.8M | $17.9M | ||
| Q1 25 | $52.7M | $46.9M | ||
| Q4 24 | $80.3M | $61.1M | ||
| Q3 24 | $4.2M | $41.5M | ||
| Q2 24 | $11.3M | $34.5M | ||
| Q1 24 | $35.1M | $33.4M |
自由现金流BGSTGLS
| Q4 25 | — | $11.4M | ||
| Q3 25 | $-70.7M | $21.2M | ||
| Q2 25 | $11.5M | $-14.7M | ||
| Q1 25 | $42.4M | $16.5M | ||
| Q4 24 | $71.7M | $35.4M | ||
| Q3 24 | $-679.0K | $17.8M | ||
| Q2 24 | $5.2M | $14.2M | ||
| Q1 24 | $27.5M | $23.6M |
自由现金流率BGSTGLS
| Q4 25 | — | 4.7% | ||
| Q3 25 | -16.1% | 8.2% | ||
| Q2 25 | 2.7% | -5.7% | ||
| Q1 25 | 10.0% | 7.4% | ||
| Q4 24 | 13.0% | 14.8% | ||
| Q3 24 | -0.1% | 7.5% | ||
| Q2 24 | 1.2% | 6.5% | ||
| Q1 24 | 5.8% | 12.2% |
资本支出强度BGSTGLS
| Q4 25 | — | 8.0% | ||
| Q3 25 | 1.4% | 7.2% | ||
| Q2 25 | 1.5% | 12.7% | ||
| Q1 25 | 2.4% | 13.7% | ||
| Q4 24 | 1.6% | 10.7% | ||
| Q3 24 | 1.0% | 9.9% | ||
| Q2 24 | 1.4% | 9.2% | ||
| Q1 24 | 1.6% | 5.1% |
现金转化率BGSTGLS
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | 63.17× | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 0.56× | 0.84× | ||
| Q2 24 | 2.87× | 0.98× | ||
| Q1 24 | — | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
