A Business at a Glance
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B&G Foods, Inc.
BGS
$281M
Mkt Cap
$3.51
+0.00%
B&G Foods, Inc. (BGS) has a 5-year average return on invested capital (ROIC) of 1.4%. This is below average and may indicate limited pricing power.
B&G Foods, Inc. (BGS) has a market capitalization of $281M. It is classified as a small-cap stock.
Yes, B&G Foods, Inc. (BGS) pays a dividend with a trailing twelve-month yield of 21.55%.
B&G Foods, Inc. (BGS) operates in the Food And Kindred Products industry, within the Consumer Defensive sector.
B&G Foods, Inc. (BGS) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
B&G Foods, Inc. (BGS) has a net profit margin of -2.4%. The company is currently unprofitable.
B&G Foods, Inc. (BGS) generated $71 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Item 1. Business. The terms “B&G Foods,” “our,” “we” and “us,” as used in this report, refer to B&G Foods, Inc. and its wholly owned subsidiaries, except where it is clear that the term refers only to the parent company. Throughout this report, we refer to our fiscal years ended December 30, 2023, December 28, 2024, January 3, 2026 and January 2, 2027 as “fiscal 2023,” “fiscal 2024,” “fiscal 2025” and “fiscal 2026,” respectively. Typically, our fiscal years and fiscal quarters consist of 52 and 13 weeks, respectively, ending on the Saturday closest to December 31 in the case of our fiscal year and fourth fiscal quarter, and on the Saturday closest to the end of the corresponding calendar quarter in the case of our other fiscal quarters. As a result, a 53rd week is added to our fiscal year every five or six years. Fiscal 2026 contains 52 weeks, fiscal 2025 contained 53 weeks, and fiscal 2024 and 2023 each contained 52 weeks.
| Metric | TTM | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.9B | 2.1B | 2.2B | 2.0B |
| Net Income | -43M | -43M | -251M | -66M | -11M | 132M |
| EPS | $-0.54 | $-0.54 | $-3.18 | $-0.89 | $-0.16 | $2.04 |
| Free Cash Flow | 71M | 71M | 104M | 222M | -16M | 255M |
| ROIC | 3.3% | 4.1% | -9.3% | 2.6% | 3.1% | 6.6% |
| Gross Margin | 21.8% | 21.8% | 21.8% | 22.1% | 18.9% | 24.5% |
| Debt/Equity | 4.31 | 4.31 | 3.96 | 2.53 | 2.83 | 2.81 |
| Dividends/Share | $0.76 | $0.76 | $0.76 | $0.76 | $1.62 | $1.90 |
| Operating Income | 97M | 97M | -177M | 80M | 99M | 276M |
| Operating Margin | 5.3% | 5.3% | -9.2% | 3.9% | 4.6% | 14.0% |
| ROE | -9.6% | -9.6% | -36.9% | -7.8% | -1.3% | 15.9% |
| Shares Outstanding | 80M | 80M | 79M | 74M | 71M | 65M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 634M | 725M | 848M | 1.4B | 1.6B | 1.7B | 1.7B | 2.0B | 2.2B | 2.1B | 1.9B | 1.8B | 1.8B |
| Gross Margin | 35.2% | 33.5% | 29.2% | 31.3% | 26.8% | 20.5% | 23.1% | 24.5% | 18.9% | 22.1% | 21.8% | 21.8% | 21.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 66M | 79M | 93M | 157M | 183M | 167M | 161M | 186M | 190M | 196M | 188M | 195M | 195M |
| EBIT | 149M | 154M | 116M | 253M | 238M | 340M | 204M | 276M | 99M | 80M | -177M | 97M | 97M |
| Op. Margin | 23.5% | 21.2% | 13.7% | 18.4% | 14.5% | 20.0% | 12.3% | 14.0% | 4.6% | 3.9% | -9.2% | 5.3% | 5.3% |
| Net Income | 59M | 52M | 41M | 109M | 217M | 172M | 76M | 132M | -11M | -66M | -251M | -43M | -43M |
| Net Margin | 9.3% | 7.2% | 4.8% | 8.0% | 13.2% | 10.1% | 4.6% | 6.7% | -0.5% | -3.2% | -13.0% | -2.4% | -2.4% |
| Non-Recurring | 0 | 0 | 0 | 6.3M | -1.4M | 353M | 2.4M | 50K | 7.1M | -138M | 70M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 9.7% | 7.9% | 5.4% | 7.9% | 8.9% | 9.7% | 5.6% | 6.6% | 3.1% | 2.6% | -9.3% | 4.1% | 3.3% |
| ROE | 16.4% | 13.8% | 12.1% | 19.5% | 26.1% | 19.4% | 8.9% | 15.9% | -1.3% | -7.8% | -36.9% | -9.6% | -9.6% |
| ROA | 5.0% | 3.5% | 2.5% | 4.7% | 6.6% | 5.2% | 2.4% | 3.5% | -0.3% | -1.8% | -7.8% | -1.5% | -1.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 101M | 115M | 99M | 290M | 38M | 209M | 47M | 281M | 6.0M | 248M | 131M | 101M | 101M |
| Free Cash Flow | 90M | 100M | 80M | 247M | -22M | 168M | 4.1M | 255M | -16M | 222M | 104M | 71M | 71M |
| Owner Earnings | 78M | 87M | 69M | 247M | -16M | 153M | -15M | 207M | -78M | 171M | 54M | 22M | 22M |
| CapEx | 11M | 15M | 19M | 42M | 60M | 42M | 42M | 27M | 22M | 26M | 27M | 31M | 31M |
| Maint. CapEx | 19M | 24M | 27M | 37M | 49M | 54M | 59M | 64M | 81M | 70M | 69M | 66M | 66M |
| Growth CapEx | 0 | 0 | 0 | 5.2M | 11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 19M | 24M | 27M | 37M | 49M | 54M | 59M | 64M | 81M | 70M | 69M | 66M | 66M |
| CapEx/OCF | 10.6% | 12.7% | 19.2% | 14.5% | 158.2% | 19.9% | 91.1% | 9.5% | 373.7% | 10.4% | 20.8% | 30.2% | 30.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 50M | 63M | 72M | 101M | 124M | 125M | 124M | 122M | 133M | 56M | 60M | 61M | 61M |
| Dividend Yield | 14.1% | 11.2% | 10.3% | 11.1% | 9.3% | 10.5% | 12.7% | 12.5% | 9.3% | 5.1% | 8.3% | 16.7% | 21.6% |
| Share Buybacks | 3.7M | 3.7M | 0 | 0 | 0 | 27M | 35M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 2.4% | 3.7% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.8M | 3.9M | 2.2M | 5.8M | 4.6M | 3.0M | 2.6M | 11M | 3.9M | 7.2M | 8.7M | 13M | 13M |
| Debt Repayment | 117M | 505M | 139M | 150M | 0 | 0 | 0 | 0 | 0 | 143M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 640M | 889M | 1.0B | 1.7B | 2.0B | 1.6B | 1.9B | 2.3B | 2.4B | 2.1B | 2.0B | 1.9B | 1.9B |
| Cash & Equiv. | 19M | 4.1M | 1.5M | 29M | 207M | 12M | 11M | 52M | 45M | 41M | 51M | 56M | 56M |
| Long-Term Debt | 597M | 845M | 1.0B | 1.7B | 2.2B | 1.6B | 1.9B | 2.3B | 2.3B | 2.0B | 2.0B | 1.9B | 1.9B |
| Debt/Equity | 1.88 | 2.37 | 3.09 | 2.20 | 2.52 | 1.82 | 2.36 | 2.81 | 2.83 | 2.53 | 3.96 | 4.31 | 4.31 |
| Interest Coverage | 3.1 | 3.7 | 2.5 | 3.4 | 2.6 | 3.3 | 2.3 | 2.8 | 2241.5 | 1489.2 | -5909.2 | 16191.2 | 16191.2 |
| Equity | 361M | 378M | 338M | 786M | 881M | 900M | 813M | 832M | 868M | 835M | 525M | 453M | 453M |
| Total Assets | 1.2B | 1.5B | 1.6B | 3.0B | 3.6B | 3.1B | 3.2B | 3.8B | 3.8B | 3.5B | 3.0B | 2.8B | 2.8B |
| Total Liabilities | 831M | 1.1B | 1.3B | 2.3B | 2.7B | 2.2B | 2.4B | 2.9B | 3.0B | 2.6B | 2.5B | 2.4B | 2.4B |
| Intangibles | 637M | 844M | 948M | 1.6B | 1.7B | 1.6B | 1.6B | 2.0B | 1.8B | 1.6B | 1.3B | 1.2B | 1.2B |
| Retained Earnings | 145M | 197M | 238M | 417M | 634M | 807M | 844M | 867M | 877M | 785M | 529M | 437M | 437M |
| Working Capital | 60M | 76M | 104M | 336M | 685M | 328M | 445M | 492M | 747M | 540M | 545M | 517M | 517M |
| Current Assets | 164M | 182M | 197M | 542M | 887M | 586M | 662M | 737M | 1.0B | 803M | 781M | 740M | 740M |
| Current Liabilities | 104M | 106M | 93M | 206M | 201M | 258M | 217M | 246M | 272M | 262M | 237M | 223M | 223M |
| Per Share Data | |||||||||||||
| EPS | 1.20 | 0.98 | 0.76 | 1.73 | 3.26 | 2.60 | 1.17 | 2.04 | -0.16 | -0.89 | -3.18 | -0.54 | -0.54 |
| Owner EPS | 1.58 | 1.63 | 1.29 | 3.90 | -0.24 | 2.30 | -0.23 | 3.20 | -1.10 | 2.30 | 0.68 | 0.27 | 0.27 |
| Book Value | 7.31 | 7.08 | 6.27 | 12.42 | 13.20 | 13.57 | 12.45 | 12.86 | 12.22 | 11.23 | 6.64 | 5.65 | 5.65 |
| Cash Flow/Share | 2.04 | 2.15 | 1.84 | 4.58 | 0.57 | 3.16 | 0.71 | 4.35 | 0.08 | 3.33 | 1.66 | 1.27 | 0.29 |
| Dividends/Share | 1.10 | 1.23 | 1.36 | 1.73 | 1.86 | 1.89 | 1.90 | 1.90 | 1.62 | 0.76 | 0.76 | 0.76 | 0.76 |
| Shares Out. | 49.4M | 53.4M | 53.9M | 63.3M | 66.7M | 66.3M | 65.3M | 64.7M | 71.1M | 74.4M | 79.0M | 80.1M | 80.1M |
| Valuation | |||||||||||||
| P/E Ratio | 7.3 | 13.2 | 17.6 | 13.1 | 6.5 | 6.4 | 12.2 | 11.7 | N/A | N/A | N/A | N/A | -6.5 |
| P/FCF | 4.8 | 6.9 | 9.0 | 4.1 | N/A | 6.6 | 224.6 | 6.1 | N/A | 3.4 | 6.1 | 4.8 | 4.0 |
| EV/EBIT | 7.2 | 10.3 | 15.2 | 15.0 | 13.5 | 8.0 | 13.7 | 13.7 | 38.4 | 33.9 | N/A | 22.5 | 22.4 |
| Price/Book | 1.2 | 1.8 | 2.1 | 1.2 | 1.6 | 1.2 | 1.1 | 1.9 | 1.7 | 0.9 | 1.2 | 0.8 | 0.6 |
| Price/Sales | 0.6 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.6 | 0.5 | 0.7 | 0.5 | 0.4 | 0.2 | 0.2 |
| FCF Yield | 20.8% | 14.5% | 11.1% | 27.3% | -1.6% | 15.1% | 0.4% | 16.5% | -1.1% | 29.0% | 16.3% | 20.6% | 25.2% |
| Market Cap | 433M | 690M | 722M | 906M | 1.4B | 1.1B | 932M | 1.5B | 1.5B | 765M | 636M | 343M | 281M |
| Avg. Price | 7.21 | 10.54 | 12.99 | 14.38 | 20.00 | 17.89 | 14.94 | 15.03 | 20.21 | 14.88 | 9.19 | 4.53 | 3.51 |
| Year-End Price | 8.76 | 12.93 | 13.39 | 16.01 | 21.05 | 16.71 | 14.27 | 23.89 | 20.92 | 10.28 | 8.05 | 4.28 | 3.51 |
B&G Foods, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 4.0x vs a median of 6.1x. The company's 5-year average ROIC is 1.4% with a gross margin of 21.8%. Total shareholder yield (dividends) is 21.6%. At current prices, the estimated annualized return to fair value is -1.0%.
B&G Foods, Inc. (BGS) has a debt-to-equity ratio of 4.31. This indicates higher leverage, which may increase financial risk.
B&G Foods, Inc. (BGS) reported earnings per share (EPS) of $-0.54 in its most recent fiscal year.
B&G Foods, Inc. (BGS) has a return on equity (ROE) of -9.6%. A negative ROE may indicate losses or negative equity.
B&G Foods, Inc. (BGS) has a 5-year average gross margin of 21.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for B&G Foods, Inc. (BGS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
B&G Foods, Inc. (BGS) has a book value per share of $5.65, based on its most recent annual SEC filing.