B&G Foods, Inc. (BGS) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Consumer Staples / Food & Beverage · as of Aug 12, 2026
B&G Foods, Inc. (BGS)
A forensic read on B&G Foods, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Grey Zone
Financial health
2.0
Distress distance
Clean
Earnings quality
5
Forensic signals
-3.6
P / E (ttm)
-9.6%
ROE
$277M
Market cap
11.11%
Dividend yield
-5.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
B&G Foods, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 2.0, placing it in the Grey zone. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
3.0%
FY2026
Return on invested capital.Return on invested capital is 3.0% in the latest fiscal year and steady — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+3.1%/yr
FY2022–FY2026
Share-count dilution.Diluted share count changed +13% over the last 4 years to FY2026 (+3.1%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~3.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~12%.
0.7% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 0.7% of revenue and 19% of free cash flow in FY2026 — about $0.17 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 6.3% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.
$71M
FY2024–FY2024
Goodwill impairments.Took $71M of goodwill writedowns across 1 year (FY2024 ($71M)). Writedowns mean past acquisitions underperformed what was paid for them.
-60%
FY2022→FY2023
Dividend — cut.The payout was CUT ~60% in FY2023 (from FY2022) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies.
Key fundamentals
Latest Revenue$1.83B
Revenue Growth YoY-5.4%
Revenue CAGR (3yr)-5.8%
Net Margin-2.4%
Free Cash Flow$70.7M
Return on Equity-9.6%
Debt / Equity4.31x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from B&G Foods, Inc.'s actual 10-K/10-Q/8-K filings?