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B&G Foods, Inc.（BGS）与Upstart Holdings, Inc.（UPST）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Upstart Holdings, Inc.的1.4倍（$439.3M vs $308.2M），Upstart Holdings, Inc.净利率更高（-2.2% vs -4.4%，领先2.2%），Upstart Holdings, Inc.同比增速更快（44.4% vs -4.7%），过去两年Upstart Holdings, Inc.的营收复合增速更高（55.4% 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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
BGS vs UPST — 直观对比
营收规模更大
BGS
是对方的1.4倍
$308.2M
营收增速更快
UPST
高出49.2%
-4.7%
净利率更高
UPST
高出2.2%
-4.4%
两年增速更快
UPST
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $308.2M |
| 净利润 | $-19.1M | $-6.6M |
| 毛利率 | 22.5% | — |
| 营业利润率 | 2.5% | -2.4% |
| 净利率 | -4.4% | -2.2% |
| 营收同比 | -4.7% | 44.4% |
| 净利润同比 | -356.5% | -171.6% |
| 每股收益（稀释后） | $-0.24 | $-0.07 |
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BGSUPST
| Q1 26 | — | $308.2M | ||
| Q4 25 | — | $296.1M | ||
| Q3 25 | $439.3M | $277.1M | ||
| Q2 25 | $424.4M | $257.3M | ||
| Q1 25 | $425.4M | $213.4M | ||
| Q4 24 | $551.6M | $219.0M | ||
| Q3 24 | $461.1M | $162.1M | ||
| Q2 24 | $444.6M | $127.6M |
净利润BGSUPST
| Q1 26 | — | $-6.6M | ||
| Q4 25 | — | $18.6M | ||
| Q3 25 | $-19.1M | $31.8M | ||
| Q2 25 | $-9.8M | $5.6M | ||
| Q1 25 | $835.0K | $-2.4M | ||
| Q4 24 | $-222.4M | $-2.8M | ||
| Q3 24 | $7.5M | $-6.8M | ||
| Q2 24 | $3.9M | $-54.5M |
毛利率BGSUPST
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BGSUPST
| Q1 26 | — | -2.4% | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | 2.5% | 8.5% | ||
| Q2 25 | 5.2% | 1.8% | ||
| Q1 25 | 8.4% | -2.1% | ||
| Q4 24 | -46.6% | -2.2% | ||
| Q3 24 | 11.1% | -27.8% | ||
| Q2 24 | 9.9% | -43.5% |
净利率BGSUPST
| Q1 26 | — | -2.2% | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | -4.4% | 11.5% | ||
| Q2 25 | -2.3% | 2.2% | ||
| Q1 25 | 0.2% | -1.1% | ||
| Q4 24 | -40.3% | -1.3% | ||
| Q3 24 | 1.6% | -4.2% | ||
| Q2 24 | 0.9% | -42.7% |
每股收益（稀释后）BGSUPST
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $-0.24 | $0.23 | ||
| Q2 25 | $-0.12 | $0.05 | ||
| Q1 25 | $0.01 | $-0.03 | ||
| Q4 24 | $-2.81 | $-0.01 | ||
| Q3 24 | $0.09 | $-0.07 | ||
| Q2 24 | $0.05 | $-0.62 |
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 | $472.9M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $733.2M |
| 总资产 | $2.9B | $3.0B |
| 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BGSUPST
| Q1 26 | — | $472.9M | ||
| Q4 25 | — | $652.4M | ||
| Q3 25 | $60.9M | $489.8M | ||
| Q2 25 | $54.1M | $395.9M | ||
| Q1 25 | $61.2M | $599.8M | ||
| Q4 24 | $50.6M | $788.4M | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $40.3M | — |
总债务BGSUPST
| Q1 26 | — | — | ||
| 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 | — |
股东权益BGSUPST
| Q1 26 | — | $733.2M | ||
| Q4 25 | — | $798.8M | ||
| Q3 25 | $470.7M | $743.7M | ||
| Q2 25 | $501.4M | $722.0M | ||
| Q1 25 | $513.1M | $676.6M | ||
| Q4 24 | $524.8M | $633.2M | ||
| Q3 24 | $755.3M | $595.5M | ||
| Q2 24 | $765.0M | $594.7M |
总资产BGSUPST
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $2.9B | $2.5B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.4B | $1.8B |
负债/权益比BGSUPST
| Q1 26 | — | — | ||
| 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× | — |
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 | $-133.3M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | — |
| 自由现金流率自由现金流/营收 | -16.1% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流BGSUPST
| Q1 26 | — | $-133.3M | ||
| Q4 25 | — | $108.6M | ||
| Q3 25 | $-64.6M | $-122.6M | ||
| Q2 25 | $17.8M | $-120.2M | ||
| Q1 25 | $52.7M | $-13.5M | ||
| Q4 24 | $80.3M | $-110.9M | ||
| Q3 24 | $4.2M | $179.3M | ||
| Q2 24 | $11.3M | $65.3M |
自由现金流BGSUPST
| Q1 26 | — | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | $-70.7M | $-122.7M | ||
| Q2 25 | $11.5M | $-120.3M | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | $179.2M | ||
| Q2 24 | $5.2M | $65.3M |
自由现金流率BGSUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | -16.1% | -44.3% | ||
| Q2 25 | 2.7% | -46.7% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | 110.5% | ||
| Q2 24 | 1.2% | 51.1% |
资本支出强度BGSUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.4% | 0.0% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 1.4% | 0.0% |
现金转化率BGSUPST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | 63.17× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.87× | — |
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% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
