B&G Foods, Inc. BGS
B&G Foods manufactures, sells and distributes a diverse portfolio of branded, high-quality, shelf-stable and frozen food and household products across the United States, Canada and Puerto Rico. Many of our branded products have leading regional or national market shares. In general, we position our products to appeal to the consumer desiring a high-quality and reasonably priced product. We complement our branded product retail sales with institutional and foodservice sales and private label sales.
B&G Foods, including our subsidiaries and predecessors, has been in business for over 130 years. We were incorporated in Delaware on November 25, 1996 under the name B Companies Holdings Corp. On August 11, 1997, we changed our name to B&G Foods Holdings Corp. On October 14, 2004, B&G Foods, Inc., then our wholly owned subsidiary, was merged with and into us and we were renamed B&G Foods, Inc.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.83B | $1.93B | $2.06B | $2.16B | $2.06B | $1.97B | $1.66B | $1.70B | $1.65B | $1.37B |
| Cost of revenue | $1.43B | $1.51B | $1.61B | $1.75B | $1.62B | $1.49B | $1.28B | $1.35B | $1.21B | $943.3M |
| Gross profit | $398.8M | $421.9M | $455.5M | $409.6M | $437.0M | $481.7M | $383.1M | $349.5M | $440.6M | $429.0M |
| SG&A | $194.9M | $188.1M | $196.0M | $190.4M | $196.2M | $186.2M | $160.7M | $167.4M | $183.4M | $157.0M |
| Operating income | $97.1M | -$177.3M | $80.4M | $98.6M | $196.1M | $276.4M | $203.8M | $340.2M | $237.9M | $252.8M |
| Interest expense | — | — | — | — | — | — | — | — | $91.8M | $74.5M |
| Pre-tax income | -$47.7M | -$330.5M | -$67.1M | -$18.9M | $93.7M | $177.4M | $105.7M | $222.3M | $148.1M | $177.1M |
| Income tax | $4.5M | $79.3M | $935.0K | $7.5M | $26.3M | $45.4M | $29.3M | $49.8M | $69.4M | $67.6M |
| Net income | -$43.3M | -$251.3M | -$66.2M | -$11.4M | $67.4M | $132.0M | $76.4M | $172.4M | $217.5M | $109.4M |
| EPS, basic | -0.54 | -3.18 | -0.89 | -0.16 | 1.03 | 2.06 | 1.17 | 2.61 | 3.27 | 1.73 |
| EPS, diluted | -0.54 | -3.18 | -0.89 | -0.16 | 1.02 | 2.04 | 1.17 | 2.60 | 3.26 | 1.73 |
| Shares, diluted (wtd. avg.) | $79.8M | $79.0M | $74.3M | $70.5M | $65.7M | $64.6M | $65.0M | $66.3M | $66.7M | $63.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $56.3M | $50.6M | $41.1M | $45.4M | $33.7M | $52.2M | $11.3M | $11.6M | $206.5M | $28.8M |
| Receivables | $140.7M | $172.3M | $143.0M | $150.0M | $145.3M | $132.9M | $143.9M | $151.7M | $141.4M | $119.3M |
| Inventory | $420.8M | $511.2M | $569.0M | $726.5M | $609.8M | $492.8M | $472.2M | $401.4M | $501.8M | $356.6M |
| Total current assets | $739.8M | $781.4M | $802.8M | $1.02B | $834.5M | $737.3M | $661.8M | $586.1M | $886.6M | $541.9M |
| Property, plant and equipment | $253.4M | $278.1M | $302.3M | $317.6M | $341.5M | $371.9M | $304.9M | $282.6M | $272.2M | $245.3M |
| Goodwill | $543.8M | $548.2M | $619.4M | $619.2M | $644.9M | $644.7M | $596.4M | $584.4M | $649.3M | $614.3M |
| Other intangibles | $1.19B | $1.29B | $1.63B | $1.79B | $1.93B | $1.97B | $1.62B | $1.60B | $1.75B | $1.63B |
| Total assets | $2.83B | $2.99B | $3.46B | $3.84B | $3.83B | $3.77B | $3.23B | $3.06B | $3.56B | $3.04B |
| Accounts payable | $107.7M | $113.2M | $123.8M | $127.8M | $129.9M | $126.5M | $114.9M | $140.0M | $122.4M | $98.0M |
| Short-term debt | $4.5M | $5.6M | $22.0M | $50.0M | — | — | $5.6M | — | — | $10.5M |
| Total current liabilities | $222.8M | $236.9M | $262.4M | $271.5M | $244.3M | $245.7M | $216.9M | $258.5M | $201.5M | $205.7M |
| Long-term debt | $1.95B | $2.01B | $2.02B | $2.34B | $2.27B | $2.33B | $1.87B | $1.64B | $2.22B | $1.72B |
| Total liabilities | $2.38B | $2.47B | $2.63B | $2.97B | $2.91B | $2.94B | $2.42B | $2.16B | $2.68B | $2.26B |
| Retained earnings | $437.1M | $528.8M | $785.1M | $876.8M | $934.2M | $866.8M | $843.8M | $806.6M | $634.1M | $416.7M |
| Total equity | $452.9M | $524.8M | $835.5M | $868.2M | $920.3M | $831.9M | $812.5M | $900.0M | $880.8M | $785.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $101.4M | $130.9M | $247.8M | $6.0M | $93.9M | $281.5M | $46.5M | $209.5M | $37.8M | $289.7M |
| Depreciation and amortisation | $66.2M | $68.6M | $69.6M | $80.5M | $82.9M | $63.7M | $58.7M | $53.6M | $49.2M | $37.3M |
| Stock-based compensation | $13.3M | $8.7M | $7.2M | $3.9M | $5.4M | $10.6M | $2.6M | $3.0M | $4.6M | $5.8M |
| Capital expenditure | $30.6M | $27.3M | $25.7M | $22.3M | $43.6M | $26.7M | $42.4M | $41.6M | $59.8M | $42.4M |
| Investing cash flow | $39.3M | -$27.7M | $81.6M | -$39.1M | -$42.8M | -$568.9M | -$124.7M | $347.6M | -$220.5M | -$481.2M |
| Financing cash flow | -$135.8M | -$93.0M | -$333.7M | $45.3M | -$69.8M | $328.0M | $77.7M | -$753.3M | $359.3M | $216.0M |
| Dividends paid | $60.6M | $60.0M | $56.0M | $133.4M | $122.9M | $121.9M | $123.7M | $124.5M | $123.6M | $100.8M |
| Buybacks | — | — | — | — | — | — | $34.7M | $26.9M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-022961.
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