B & G Foods Inc Financials

BGS

Source SEC Filings (10-K/10-Q) Updated Sep 27, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 27/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

B & G Foods Inc has an operating margin of -9.2%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 3.9% the prior year.

Growth

B & G Foods Inc's revenue declined 6.3% year-over-year, from $2.1B to $1.9B. This contraction results in a growth score of 11/100.

Leverage

B & G Foods Inc has elevated debt relative to equity (D/E of 3.84), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

100

With a current ratio of 3.30, B & G Foods Inc holds $3.30 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

B & G Foods Inc's free cash flow margin of 5.4% results in a low score of 27/100. Capital expenditures of $27.3M absorb a large share of operating cash flow.

Piotroski F-Score Neutral

4/9

B & G Foods Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.52x

For every $1 of reported earnings, B & G Foods Inc generates $-0.52 in operating cash flow ($130.9M OCF vs -$251.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows B & G Foods Inc (BGS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.9B

YoY-6.3%

5Y CAGR+2.6%

10Y CAGR+11.8%

B & G Foods Inc generated $1.9B in revenue in fiscal year 2024. This represents a decrease of 6.3% from the prior year.

EBITDA

-$108.7M

YoY-172.4%

B & G Foods Inc's EBITDA was -$108.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 172.4% from the prior year.

Free Cash Flow

$103.7M

YoY-53.3%

5Y CAGR-9.2%

10Y CAGR+1.4%

B & G Foods Inc generated $103.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 53.3% from the prior year.

Net Income

-$251.3M

YoY-279.5%

B & G Foods Inc reported -$251.3M in net income in fiscal year 2024. This represents a decrease of 279.5% from the prior year.

EPS (Diluted)

$-3.18

YoY-257.3%

B & G Foods Inc earned $-3.18 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 257.3% from the prior year.

Cash & Debt

$50.6M

YoY+23.1%

5Y CAGR+34.1%

10Y CAGR+10.2%

B & G Foods Inc held $50.6M in cash against $2.0B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.76

YoY+0.0%

5Y CAGR-16.7%

10Y CAGR-3.6%

B & G Foods Inc paid $0.76 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

79M

YoY+0.7%

5Y CAGR+3.8%

10Y CAGR+4.2%

B & G Foods Inc had 79M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Gross Margin

21.8%

YoY-0.3pp

5Y CAGR+1.3pp

10Y CAGR-13.4pp

B & G Foods Inc's gross margin was 21.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin

-9.2%

YoY-13.1pp

5Y CAGR-29.2pp

10Y CAGR-32.7pp

B & G Foods Inc's operating margin was -9.2% in fiscal year 2024, reflecting core business profitability. This is down 13.1 percentage points from the prior year.

Net Margin

-13.0%

YoY-9.8pp

5Y CAGR-23.1pp

10Y CAGR-22.4pp

B & G Foods Inc's net profit margin was -13.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.8 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$27.3M

YoY+6.1%

5Y CAGR-8.1%

10Y CAGR+9.9%

B & G Foods Inc invested $27.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 6.1% from the prior year.

BGS Income Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Revenue	$1.9B-6.3%	$2.1B-4.7%	$2.2B+9.9%	$2.0B+18.5%	$1.7B-2.4%	$1.7B
Cost of Revenue	$1.5B-6.0%	$1.6B-8.4%	$1.8B+18.0%	$1.5B+16.4%	$1.3B-5.5%	$1.4B
Gross Profit	$421.9M-7.4%	$455.5M+11.2%	$409.6M-15.0%	$481.7M+25.7%	$383.1M+9.6%	$349.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$188.1M-4.1%	$196.0M+3.0%	$190.4M+2.3%	$186.2M+15.8%	$160.7M-4.0%	$167.4M
Operating Income	-$177.3M-320.4%	$80.4M-18.5%	$98.6M-64.3%	$276.4M+35.6%	$203.8M-40.1%	$340.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$79.3M-8376.8%	-$935K+87.6%	-$7.5M-116.6%	$45.4M+54.8%	$29.3M-41.2%	$49.8M
Net Income	-$251.3M-279.5%	-$66.2M-482.2%	-$11.4M-108.6%	$132.0M+72.8%	$76.4M-55.7%	$172.4M
EPS (Diluted)	$-3.18-257.3%	$-0.89-456.3%	$-0.16-107.8%	$2.04+74.4%	$1.17-55.0%	$2.60

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$439.3M+3.5%	$424.4M-0.2%	$425.4M-22.9%	$551.6M+24.1%	$444.6M-6.4%	$475.2M-17.8%	$578.1M+15.0%	$502.7M
Cost of Revenue	$340.3M+0.8%	$337.4M+0.6%	$335.3M-22.5%	$432.9M+22.8%	$352.6M-3.8%	$366.3M-19.1%	$453.0M+16.5%	$388.9M
Gross Profit	$99.0M+13.8%	$87.0M-3.4%	$90.1M-24.1%	$118.7M+29.0%	$92.0M-15.5%	$108.9M-13.0%	$125.2M+10.0%	$113.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$44.6M-5.5%	$47.2M-3.9%	$49.1M-2.4%	$50.3M+16.7%	$43.1M-11.3%	$48.6M-8.7%	$53.2M+10.5%	$48.2M
Operating Income	$11.0M-49.9%	$22.0M-38.5%	$35.8M+114.0%	-$256.8M-686.2%	$43.8M+381.5%	-$15.6M-137.4%	$41.5M+157.3%	-$72.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$5.9M-113.3%	-$2.8M-73.6%	-$1.6M+97.8%	-$72.9M-2453.7%	$3.1M+125.6%	-$12.1M-4102.1%	-$288K+98.8%	-$24.7M
Net Income	-$19.1M-95.9%	-$9.8M-1270.3%	$835K+100.4%	-$222.4M-5747.9%	$3.9M+109.8%	-$40.2M-1662.7%	$2.6M+103.1%	-$82.7M
EPS (Diluted)	$-0.24-100.0%	$-0.12-1300.0%	$0.01+100.4%	$-2.81-5720.0%	$0.05+109.8%	$-0.51-2650.0%	$0.02+101.8%	$-1.11

BGS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Total Assets	$3.0B-13.5%	$3.5B-9.8%	$3.8B+2.7%	$3.7B+15.9%	$3.2B+5.6%	$3.1B
Current Assets	$781.4M-2.7%	$802.8M-21.2%	$1.0B+39.7%	$729.4M+10.2%	$661.8M+12.9%	$586.1M
Cash & Equivalents	$50.6M+23.1%	$41.1M-9.6%	$45.4M+5.4%	$43.1M+281.2%	$11.3M-2.9%	$11.6M
Inventory	$511.2M-10.1%	$569.0M-21.7%	$726.5M+46.0%	$497.5M+5.4%	$472.2M+17.6%	$401.4M
Accounts Receivable	$172.3M+20.4%	$143.0M-4.7%	$150.0M+10.1%	$136.3M-5.3%	$143.9M-5.1%	$151.7M
Goodwill	$548.2M-11.5%	$619.4M0.0%	$619.2M-4.0%	$644.8M+8.1%	$596.4M+2.0%	$584.4M
Total Liabilities	$2.5B-6.0%	$2.6B-11.6%	$3.0B+2.5%	$2.9B+20.1%	$2.4B+11.9%	$2.2B
Current Liabilities	$236.9M-9.7%	$262.4M-3.4%	$271.5M+30.8%	$207.6M-4.3%	$216.9M-16.1%	$258.5M
Long-Term Debt	$2.0B-0.4%	$2.0B-13.5%	$2.3B+0.4%	$2.3B+24.3%	$1.9B+14.4%	$1.6B
Total Equity	$524.8M-37.2%	$835.5M-3.8%	$868.2M+3.3%	$840.6M+3.5%	$812.5M-9.7%	$900.0M
Retained Earnings	$528.8M-32.6%	$785.1M-10.5%	$876.8M+0.1%	$875.7M+3.8%	$843.8M+4.6%	$806.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.9B+0.2%	$2.9B-0.6%	$3.0B-1.3%	$3.0B-10.7%	$3.4B-0.3%	$3.4B-3.0%	$3.5B-12.5%	$4.0B
Current Assets	$816.9M+7.1%	$762.6M+0.6%	$758.3M-3.0%	$781.4M-1.9%	$796.6M+1.4%	$785.3M-2.2%	$802.8M-37.3%	$1.3B
Cash & Equivalents	$60.9M+12.6%	$54.1M-11.7%	$61.2M+21.1%	$50.6M+25.4%	$40.3M-5.0%	$42.5M+3.3%	$41.1M-88.6%	$359.9M
Inventory	$486.0M-8.6%	$531.6M+3.4%	$514.2M+0.6%	$511.2M-8.6%	$559.6M-0.2%	$560.6M-1.5%	$569.0M-11.7%	$644.1M
Accounts Receivable	$157.8M+12.4%	$140.4M+1.4%	$138.4M-19.7%	$172.3M+21.1%	$142.3M+4.6%	$136.0M-4.9%	$143.0M-7.5%	$154.7M
Goodwill	$543.7M0.0%	$543.8M-0.8%	$548.3M0.0%	$548.2M-0.1%	$548.6M0.0%	$548.7M-11.4%	$619.4M0.0%	$619.2M
Total Liabilities	$2.5B+1.5%	$2.4B-0.2%	$2.4B-1.2%	$2.5B-4.5%	$2.6B+0.3%	$2.6B-1.8%	$2.6B-15.7%	$3.1B
Current Liabilities	$254.9M-1.9%	$259.8M+13.6%	$228.6M-3.5%	$236.9M-51.7%	$490.0M+100.6%	$244.2M-6.9%	$262.4M-68.9%	$842.9M
Long-Term Debt	$2.0B+1.8%	$2.0B-0.8%	$2.0B-0.7%	$2.0B+13.3%	$1.8B-11.7%	$2.0B-0.4%	$2.0B+4.9%	$1.9B
Total Equity	$470.7M-6.1%	$501.4M-2.3%	$513.1M-2.2%	$524.8M-31.4%	$765.0M-2.1%	$781.2M-6.5%	$835.5M-0.6%	$840.6M
Retained Earnings	$465.0M-6.2%	$495.6M-4.1%	$516.6M-2.3%	$528.8M-29.4%	$748.8M+0.5%	$744.9M-5.1%	$785.1M+0.3%	$782.5M

BGS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Operating Cash Flow	$130.9M-47.2%	$247.8M+4054.9%	$6.0M-97.9%	$281.5M+505.3%	$46.5M-77.8%	$209.5M
Capital Expenditures	$27.3M+6.1%	$25.7M+15.3%	$22.3M-16.7%	$26.7M-36.8%	$42.4M+1.7%	$41.6M
Free Cash Flow	$103.7M-53.3%	$222.1M+1460.5%	-$16.3M-106.4%	$254.7M+6039.5%	$4.1M-97.5%	$167.8M
Investing Cash Flow	-$27.7M-133.9%	$81.6M+308.4%	-$39.1M+93.1%	-$568.9M-356.1%	-$124.7M-135.9%	$347.6M
Financing Cash Flow	-$93.0M+72.1%	-$333.7M-835.9%	$45.3M-86.2%	$328.0M+322.0%	$77.7M+110.3%	-$753.3M
Dividends Paid	$60.0M+7.2%	$56.0M-58.0%	$133.4M+9.4%	$121.9M-1.5%	$123.7M-0.7%	$124.5M
Share Buybacks	N/A	N/A	N/A	N/A	$34.7M+28.9%	$26.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$64.6M-462.6%	$17.8M-66.2%	$52.7M-34.4%	$80.3M+611.8%	$11.3M-67.9%	$35.1M-61.9%	$92.1M+295.1%	$23.3M
Capital Expenditures	$6.1M-4.2%	$6.4M-38.7%	$10.4M+19.7%	$8.7M+41.7%	$6.1M-19.6%	$7.6M-12.8%	$8.7M+37.9%	$6.3M
Free Cash Flow	-$70.7M-717.4%	$11.5M-73.0%	$42.4M-40.9%	$71.7M+1288.4%	$5.2M-81.2%	$27.5M-67.0%	$83.3M+391.3%	$17.0M
Investing Cash Flow	$53.0M+1107.3%	$4.4M+142.5%	-$10.3M-19.1%	-$8.7M-42.1%	-$6.1M+24.2%	-$8.1M-117.2%	$46.9M+858.0%	-$6.2M
Financing Cash Flow	$18.4M+161.6%	-$29.9M+6.3%	-$31.9M+57.7%	-$75.5M-971.4%	-$7.0M+72.4%	-$25.5M+94.4%	-$458.0M-252.5%	$300.3M
Dividends Paid	$15.2M+0.3%	$15.2M+0.8%	$15.0M0.0%	$15.0M+0.1%	$15.0M+0.5%	$14.9M0.0%	$14.9M+8.8%	$13.7M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BGS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY19	FY18
Gross Margin	21.8%-0.3pp	22.1%+3.1pp	18.9%-5.5pp	24.5%+1.4pp	23.1%+2.5pp	20.5%
Operating Margin	-9.2%-13.1pp	3.9%-0.7pp	4.6%-9.5pp	14.1%+1.8pp	12.3%-7.7pp	20.0%
Net Margin	-13.0%-9.8pp	-3.2%-2.7pp	-0.5%-7.2pp	6.7%+2.1pp	4.6%-5.5pp	10.1%
Return on Equity	N/A	N/A	7.4%-8.3pp	15.7%+6.3pp	9.4%-9.8pp	19.2%
Return on Assets	-8.4%-6.5pp	-1.9%-1.6pp	-0.3%-3.8pp	3.5%+1.2pp	2.4%-3.3pp	5.6%
Current Ratio	3.30+0.2	3.06-0.7	3.75+0.2	3.51+0.5	3.05+0.8	2.27
Debt-to-Equity	3.84+1.4	2.42-0.3	2.69-0.1	2.77+0.5	2.31+0.5	1.82
FCF Margin	5.4%-5.4pp	10.8%+11.5pp	-0.8%-13.7pp	12.9%+12.7pp	0.3%-9.6pp	9.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	22.5%+2.0pp	20.5%-0.7pp	21.2%-0.3pp	21.5%+0.8pp	20.7%-2.2pp	22.9%+1.3pp	21.6%-1.0pp	22.6%
Operating Margin	2.5%-2.7pp	5.2%-3.2pp	8.4%+55.0pp	-46.6%-56.4pp	9.8%+13.1pp	-3.3%-10.5pp	7.2%+21.6pp	-14.4%
Net Margin	-4.4%-2.1pp	-2.3%-2.5pp	0.2%+40.5pp	-40.3%-41.2pp	0.9%+9.4pp	-8.5%-8.9pp	0.4%+16.9pp	-16.5%
Return on Equity	N/A	N/A	0.2%-0.8pp	1.0%+0.5pp	0.5%	N/A	0.3%	N/A
Return on Assets	-0.7%-0.3pp	-0.3%-0.4pp	0.0%+7.5pp	-7.4%-7.6pp	0.1%+1.3pp	-1.2%-1.3pp	0.1%+2.2pp	-2.1%
Current Ratio	3.20+0.3	2.93-0.4	3.32+0.0	3.30+1.7	1.63-1.6	3.22+0.2	3.06+1.5	1.52
Debt-to-Equity	4.29+0.3	3.96+0.1	3.90+0.1	3.84+1.5	2.33-0.3	2.58+0.2	2.42+0.1	2.29
FCF Margin	-16.1%-18.8pp	2.7%-7.3pp	10.0%-3.0pp	13.0%+11.8pp	1.2%-4.6pp	5.8%-8.6pp	14.4%+11.0pp	3.4%

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Frequently Asked Questions

What is B & G Foods Inc's annual revenue?

B & G Foods Inc (BGS) reported $1.9B in total revenue for fiscal year 2024. This represents a -6.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is B & G Foods Inc's revenue growing?

B & G Foods Inc (BGS) revenue declined by 6.3% year-over-year, from $2.1B to $1.9B in fiscal year 2024.

Is B & G Foods Inc profitable?

No, B & G Foods Inc (BGS) reported a net income of -$251.3M in fiscal year 2024, with a net profit margin of -13.0%.

What is B & G Foods Inc's earnings per share (EPS)?

B & G Foods Inc (BGS) reported diluted earnings per share of $-3.18 for fiscal year 2024. This represents a -257.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is B & G Foods Inc's EBITDA?

B & G Foods Inc (BGS) had EBITDA of -$108.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does B & G Foods Inc have?

As of fiscal year 2024, B & G Foods Inc (BGS) had $50.6M in cash and equivalents against $2.0B in long-term debt.

What is B & G Foods Inc's gross margin?

B & G Foods Inc (BGS) had a gross margin of 21.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is B & G Foods Inc's operating margin?

B & G Foods Inc (BGS) had an operating margin of -9.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is B & G Foods Inc's net profit margin?

B & G Foods Inc (BGS) had a net profit margin of -13.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does B & G Foods Inc pay dividends?

Yes, B & G Foods Inc (BGS) paid $0.76 per share in dividends during fiscal year 2024.

What is B & G Foods Inc's free cash flow?

B & G Foods Inc (BGS) generated $103.7M in free cash flow during fiscal year 2024. This represents a -53.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is B & G Foods Inc's operating cash flow?

B & G Foods Inc (BGS) generated $130.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are B & G Foods Inc's total assets?

B & G Foods Inc (BGS) had $3.0B in total assets as of fiscal year 2024, including both current and long-term assets.

What are B & G Foods Inc's capital expenditures?

B & G Foods Inc (BGS) invested $27.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does B & G Foods Inc have outstanding?

B & G Foods Inc (BGS) had 79M shares outstanding as of fiscal year 2024.

What is B & G Foods Inc's current ratio?

B & G Foods Inc (BGS) had a current ratio of 3.30 as of fiscal year 2024, which is generally considered healthy.

What is B & G Foods Inc's debt-to-equity ratio?

B & G Foods Inc (BGS) had a debt-to-equity ratio of 3.84 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is B & G Foods Inc's return on assets (ROA)?

B & G Foods Inc (BGS) had a return on assets of -8.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is B & G Foods Inc's Piotroski F-Score?

B & G Foods Inc (BGS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are B & G Foods Inc's earnings high quality?

B & G Foods Inc (BGS) has an earnings quality ratio of -0.52x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is B & G Foods Inc?

B & G Foods Inc (BGS) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.