B&G Foods (BGS) financial statements
B&G Foods reported revenue of $1.8B in fiscal 2025, up 3.2% a year over 9 years.
Net income was -$43M and the operating margin 5.3%, against 18.4% in 2016.
Free cash flow was $71M, and the company returned $61M in dividends.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from B&G Foods's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | $1.7B | $1.7B | $2.0B | $2.1B | $2.2B | $2.1B | $1.9B | $1.8B |
| Cost of revenue | $943M | $1.2B | $1.4B | $1.3B | $1.5B | $1.6B | $1.8B | $1.6B | $1.5B | $1.4B |
| Gross profit | $429M | $441M | $350M | $383M | $482M | $437M | $410M | $456M | $422M | $399M |
| Selling, general and admin | $157M | $183M | $167M | $161M | $186M | $196M | $190M | $196M | $188M | $195M |
| Operating income | $253M | $238M | $340M | $204M | $276M | $196M | $99M | $80M | -$177M | $97M |
| Interest expense | $74M | — | — | — | — | — | — | — | — | — |
| Pre-tax income | $177M | $148M | $222M | $106M | $177M | $94M | -$19M | -$67M | -$331M | -$48M |
| Income tax | $68M | -$69M | $50M | $29M | $45M | $26M | -$8M | -$935,000 | -$79M | -$4M |
| Net income | $109M | $217M | $172M | $76M | $132M | $67M | -$11M | -$66M | -$251M | -$43M |
| EPS (diluted) | $1.73 | $3.26 | $2.60 | $1.17 | $2.04 | $1.02 | -$0.16 | -$0.89 | -$3.18 | -$0.54 |
| Diluted shares | 63M | 67M | 66M | 65M | 65M | 66M | 70M | 74M | 79M | 80M |
| Gross margin | 31.3% | 26.8% | 20.5% | 23.1% | 24.5% | 21.3% | 18.9% | 22.1% | 21.8% | 21.8% |
| Operating margin | 18.4% | 14.5% | 20.0% | 12.3% | 14.0% | 9.5% | 4.6% | 3.9% | -9.2% | 5.3% |
| Net margin | 8.0% | 13.2% | 10.1% | 4.6% | 6.7% | 3.3% | -0.5% | -3.2% | -13.0% | -2.4% |
Balance sheet
Fiscal years, from B&G Foods's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $29M | $207M | $12M | $11M | $52M | $34M | $45M | $41M | $51M | $56M |
| Receivables | $119M | $141M | $152M | $144M | $133M | $145M | $150M | $143M | $172M | $141M |
| Inventory | $357M | $502M | $401M | $472M | $493M | $610M | $726M | $569M | $511M | $421M |
| Total current assets | $542M | $887M | $586M | $662M | $737M | $834M | $1.0B | $803M | $781M | $740M |
| Property, plant and equipment | $245M | $272M | $283M | $305M | $372M | $341M | $318M | $302M | $278M | $253M |
| Goodwill | $614M | $649M | $584M | $596M | $645M | $645M | $619M | $619M | $548M | $544M |
| Total assets | $3.0B | $3.6B | $3.1B | $3.2B | $3.8B | $3.8B | $3.8B | $3.5B | $3.0B | $2.8B |
| Total current liabilities | $206M | $201M | $258M | $217M | $246M | $244M | $272M | $262M | $237M | $223M |
| Long-term debt | $1.7B | $2.2B | $1.6B | $1.9B | $2.3B | $2.3B | $2.3B | $2.0B | $2.0B | $1.9B |
| Total liabilities | $2.3B | $2.7B | $2.2B | $2.4B | $2.9B | $2.9B | $3.0B | $2.6B | $2.5B | $2.4B |
| Shareholders' equity | $786M | $881M | $900M | $813M | $832M | $920M | $868M | $835M | $525M | $453M |
| Net debt | $1.7B | $2.0B | $1.6B | $1.9B | $2.3B | $2.2B | $2.3B | $2.0B | $2.0B | $1.9B |
Cash flow
Fiscal years, from B&G Foods's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $290M | $38M | $209M | $47M | $281M | $94M | $6M | $248M | $131M | $101M |
| Capital spending | $42M | $60M | $42M | $42M | $27M | $44M | $22M | $26M | $27M | $31M |
| Free cash flow | $247M | -$22M | $168M | $4M | $255M | $50M | -$16M | $222M | $104M | $71M |
| Stock-based compensation | $6M | $5M | $3M | $3M | $11M | $5M | $4M | $7M | $9M | $13M |
| Dividends paid | $101M | $124M | $125M | $124M | $122M | $123M | $133M | $56M | $60M | $61M |
| Share buybacks (net) | — | — | -$27M | -$35M | — | — | — | — | — | — |
| Net borrowing | -$150M | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 18.0% | -1.3% | 9.9% | 0.2% | 12.9% | 2.4% | -0.8% | 10.8% | 5.4% | 3.9% |
| Dividends per share | $1.59 | $1.85 | $1.88 | $1.90 | $1.89 | $1.87 | $1.89 | $0.75 | $0.76 | $0.76 |
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Open BGS in InvestinglyQuestions
What was B&G Foods's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does B&G Foods generate?
$71M in fiscal 2025 (operating cash flow minus capital spending).
From B&G Foods's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.