Bridgford Foods Corp
BRID Nasdaq Sausages & Other Prepared Meat Products Financials FY2016–FY2025
Last close · Oct 23, 2026
$5.50
0.5%
Revenue
Total sales reported in the income statement.
$231M
3.3%
vs prior year
Operating margin
Operating income as a share of revenue.
−8.1%
5.3 pts
Net income
Profit after all expenses, interest and tax.
−$13.4M
Free cash flow
Cash from operations minus capital spending.
−$9.3M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
−12.5%
8.4 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$49.9M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
What Bridgford Foods Corp does
No business description yet.
- Legal name
- BRIDGFORD FOODS CORP
- Fiscal year ends
- October 31, 2025
- Latest annual report
- 10-K · Jan 28, 2026
- Accession · CIK
- 0001493152-26-004079
0000014177
Revenue and margins
Bridgford Foods Corp had $231M of revenue in fiscal 2025, up 3.3% on the year before.
FY16
Revenue $140M
FY17
Revenue $167M
FY18
Revenue $174M
FY19
Revenue $189M
FY20
Revenue $198M
FY21
Revenue $240M
FY22
Revenue $266M
FY23
Revenue $252M
FY24
Revenue $224M
FY25
Revenue $231M
Q1 '23
Revenue $61.6M
Q2 '23
Revenue $55.5M
Q3 '23
Revenue $54.2M
Q1 '24
Revenue $54.8M
Q2 '24
Revenue $47.3M
Q3 '24
Revenue $49.3M
Q1 '25
Revenue $52.5M
Q2 '25
Revenue $50.6M
Q3 '25
Revenue $52.0M
Q1 '26
Revenue $55.3M
Q2 '26
Revenue $50.0M
Q3 '26
Revenue $47.0M
FY16
Gross 39.4%
Operating —
Net 5.5%
FCF 0.9%
FY17
Gross 36.8%
Operating —
Net 5.3%
FCF 3.1%
FY18
Gross 32.4%
Operating —
Net 3.7%
FCF −5.7%
FY19
Gross 32.7%
Operating —
Net 3.4%
FCF −9.8%
FY20
Gross 30.1%
Operating 2.2%
Net 3.7%
FCF −7.4%
FY21
Gross 21.4%
Operating −3.4%
Net −2.3%
FCF −5.1%
FY22
Gross 27.1%
Operating 24.3%
Net 16.9%
FCF −4.4%
FY23
Gross 28.0%
Operating 1.8%
Net 1.4%
FCF 0.5%
FY24
Gross 25.2%
Operating −2.8%
Net −1.5%
FCF −2.0%
FY25
Gross 19.3%
Operating −8.1%
Net −5.8%
FCF −4.0%
Gross
Operating
Net
FCF
Q1 '23
Gross 27.7%
Operating 2.2%
Net 1.5%
FCF −4.7%
Q2 '23
Gross 27.8%
Operating 0.5%
Net 0.3%
FCF —
Q3 '23
Gross 28.2%
Operating 1.1%
Net 1.3%
FCF —
Q1 '24
Gross 29.2%
Operating 1.8%
Net 2.3%
FCF −4.7%
Q2 '24
Gross 22.7%
Operating −6.9%
Net −4.6%
FCF —
Q3 '24
Gross 22.8%
Operating −6.9%
Net −3.6%
FCF —
Q1 '25
Gross 24.5%
Operating −3.8%
Net −2.1%
FCF −9.8%
Q2 '25
Gross 21.9%
Operating −6.3%
Net −7.6%
FCF —
Q3 '25
Gross 20.5%
Operating −7.4%
Net −3.2%
FCF —
Q1 '26
Gross 24.2%
Operating −2.2%
Net −1.5%
FCF —
Q2 '26
Gross 17.5%
Operating −11.7%
Net −9.8%
FCF —
Q3 '26
Gross 23.1%
Operating −7.0%
Net −4.3%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income $7.8M
FY17
Net income $8.8M
FY18
Net income $6.5M
FY19
Net income $6.5M
FY20
Net income $7.3M
FY21
Net income −$5.5M
FY22
Net income $45.1M
FY23
Net income $3.5M
FY24
Net income −$3.4M
FY25
Net income −$13.4M
Q1 '23
Net income $0.9M
Q2 '23
Net income $0.1M
Q3 '23
Net income $0.7M
Q1 '24
Net income $1.2M
Q2 '24
Net income −$2.2M
Q3 '24
Net income −$1.8M
Q1 '25
Net income −$1.1M
Q2 '25
Net income −$3.9M
Q3 '25
Net income −$1.6M
Q1 '26
Net income −$0.8M
Q2 '26
Net income −$4.9M
Q3 '26
Net income −$2.0M
FY16
Diluted EPS —
FY17
Diluted EPS —
FY18
Diluted EPS —
FY19
Diluted EPS —
FY20
Diluted EPS —
FY21
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS —
FY24
Diluted EPS —
FY25
Diluted EPS —
Q1 '23
Diluted EPS —
Q2 '23
Diluted EPS —
Q3 '23
Diluted EPS —
Q1 '24
Diluted EPS —
Q2 '24
Diluted EPS —
Q3 '24
Diluted EPS —
Q1 '25
Diluted EPS —
Q2 '25
Diluted EPS −$0.43
Q3 '25
Diluted EPS −$0.18
Q1 '26
Diluted EPS —
Q2 '26
Diluted EPS −$0.54
Q3 '26
Diluted EPS −$0.22
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity 20.0%
Return on assets 8.9%
FY17
Return on capital —
Return on equity 18.6%
Return on assets 9.6%
FY18
Return on capital —
Return on equity 10.7%
Return on assets 6.5%
FY19
Return on capital —
Return on equity 9.8%
Return on assets 5.8%
FY20
Return on capital —
Return on equity 10.6%
Return on assets 5.3%
FY21
Return on capital —
Return on equity −7.5%
Return on assets −3.5%
FY22
Return on capital 41.2%
Return on equity 44.8%
Return on assets 27.1%
FY23
Return on capital 3.0%
Return on equity 2.7%
Return on assets 2.0%
FY24
Return on capital −4.1%
Return on equity −2.6%
Return on assets −2.1%
FY25
Return on capital −12.5%
Return on equity −11.0%
Return on assets −8.8%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was −$9.3M in fiscal 2025, −4.0% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $1.3M
FY17
Free cash flow $5.2M
FY18
Free cash flow −$9.9M
FY19
Free cash flow −$18.5M
FY20
Free cash flow −$14.6M
FY21
Free cash flow −$12.2M
FY22
Free cash flow −$11.6M
FY23
Free cash flow $1.4M
FY24
Free cash flow −$4.4M
FY25
Free cash flow −$9.3M
Q1 '23
Free cash flow −$2.9M
Q2 '23
Free cash flow —
Q3 '23
Free cash flow —
Q1 '24
Free cash flow −$2.6M
Q2 '24
Free cash flow —
Q3 '24
Free cash flow —
Q1 '25
Free cash flow −$5.1M
Q2 '25
Free cash flow —
Q3 '25
Free cash flow —
Q1 '26
Free cash flow —
Q2 '26
Free cash flow —
Q3 '26
Free cash flow —
FY16
Cash from operations $4.5M
Capital spending $3.3M
FY17
Cash from operations $16.8M
Capital spending $11.6M
FY18
Cash from operations $8.3M
Capital spending $18.1M
FY19
Cash from operations $7.2M
Capital spending $25.7M
FY20
Cash from operations $9.9M
Capital spending $24.5M
FY21
Cash from operations −$6.0M
Capital spending $6.2M
FY22
Cash from operations −$7.8M
Capital spending $3.8M
FY23
Cash from operations $4.0M
Capital spending $2.6M
FY24
Cash from operations −$0.5M
Capital spending $3.9M
FY25
Cash from operations −$5.7M
Capital spending $3.6M
Cash from operations
Capital spending
Q1 '23
Cash from operations −$2.6M
Capital spending $0.3M
Q2 '23
Cash from operations —
Capital spending —
Q3 '23
Cash from operations —
Capital spending —
Q1 '24
Cash from operations −$0.7M
Capital spending $1.9M
Q2 '24
Cash from operations —
Capital spending —
Q3 '24
Cash from operations —
Capital spending —
Q1 '25
Cash from operations −$4.6M
Capital spending $0.5M
Q2 '25
Cash from operations —
Capital spending —
Q3 '25
Cash from operations —
Capital spending —
Q1 '26
Cash from operations $4.3M
Capital spending —
Q2 '26
Cash from operations —
Capital spending —
Q3 '26
Cash from operations —
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Bridgford Foods Corp returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.
FY16
Dividends —
Buybacks $0.0M
FY17
Dividends —
Buybacks —
FY18
Dividends —
Buybacks —
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks —
FY21
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY16
Diluted shares —
FY17
Diluted shares —
FY18
Diluted shares —
FY19
Diluted shares —
FY20
Diluted shares —
FY21
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares —
FY24
Diluted shares —
FY25
Diluted shares —
Balance sheet
Cash, debt and the ratios that show how comfortably Bridgford Foods Corp can carry it.
FY16
Cash $7.0M
Debt —
FY17
Cash $12.1M
Debt —
FY18
Cash $8.2M
Debt —
FY19
Cash $3.5M
Debt —
FY20
Cash $4.3M
Debt —
FY21
Cash —
Debt —
FY22
Cash $16.3M
Debt $4.9M
FY23
Cash $15.7M
Debt $3.8M
FY24
Cash $10.2M
Debt $2.8M
FY25
Cash $0.9M
Debt $3.8M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | — | $16.3M | $15.7M | $10.2M | $0.9M |
| Debt incl. finance leases | — | $4.9M | $3.8M | $2.8M | $3.8M |
| Net debt / EBITDA | — | −0.2x | −1.1x | −27.3x | — |
| Debt / equity | — | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | −6.8x | 58.3x | 8.0x | — | — |
| Current ratio | 2.7x | 3.5x | 4.9x | 4.7x | 3.0x |
| Quick ratio | 1.3x | 2.0x | 2.6x | 2.7x | 1.2x |
| Total assets | $157M | $176M | $167M | $157M | $147M |
| Total liabilities | $81.8M | $50.0M | $37.5M | $29.2M | $31.7M |
| Shareholders' equity | $75.0M | $126M | $130M | $128M | $116M |
| Net debt (− = net cash) | — | −$11.4M | −$11.9M | −$7.4M | $2.9M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ |
| Return on assets rose | — | ✓ | ✕ | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ |
| Cash from operations exceeds net income | ✕ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | — | — | ✓ | ✓ | ✕ |
| Current ratio rose | — | ✕ | ✕ | ✕ | ✕ | ✓ | ✓ | ✓ | ✕ | ✕ |
| Share count didn't rise | — | — | — | — | — | — | — | — | — | — |
| Gross margin rose | — | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ |
| F-score | — / 3 | 5 / 7 | 4 / 7 | 4 / 7 | 3 / 7 | 2 / 7 | 4 / 7 | 6 / 8 | 2 / 8 | 2 / 8 |
| Accruals ratio | 3.7% | −8.6% | −1.8% | −0.7% | −1.9% | 0.3% | 31.8% | −0.3% | −1.8% | −5.0% |
| Altman Z'' | — | — | — | — | 4.55 | 4.02 | 9.78 | 8.94 | 9.38 | 7.21 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $140M | $167M | $174M | $189M | $198M | $240M | $266M | $252M | $224M | $231M |
| Net interest income | — | — | — | — | — | — | — | −$0.6M | −$0.4M | −$0.3M |
| Gross profit | $55.2M | $61.6M | $56.5M | $61.7M | $59.5M | $51.4M | $72.1M | $70.4M | $56.3M | $44.6M |
| Operating income | — | — | — | — | $4.4M | −$8.2M | $64.6M | $4.6M | −$6.3M | −$18.8M |
| Interest expense | — | — | — | — | $0.2M | $1.2M | $1.1M | $0.6M | — | — |
| Pretax income | $10.8M | $12.8M | $12.8M | $8.5M | $5.1M | −$7.3M | $61.4M | $4.5M | −$4.7M | −$18.1M |
| Income tax | $3.1M | $4.0M | $6.3M | $2.1M | −$2.2M | −$1.8M | $16.3M | $1.0M | −$1.3M | −$4.7M |
| Net income | $7.8M | $8.8M | $6.5M | $6.5M | $7.3M | −$5.5M | $45.1M | $3.5M | −$3.4M | −$13.4M |
| Cash flow | ||||||||||
| Cash from operations | $4.5M | $16.8M | $8.3M | $7.2M | $9.9M | −$6.0M | −$7.8M | $4.0M | −$0.5M | −$5.7M |
| Capital expenditure | $3.3M | $11.6M | $18.1M | $25.7M | $24.5M | $6.2M | $3.8M | $2.6M | $3.9M | $3.6M |
| Free cash flow | $1.3M | $5.2M | −$9.9M | −$18.5M | −$14.6M | −$12.2M | −$11.6M | $1.4M | −$4.4M | −$9.3M |
| Depreciation and amortization | $3.0M | $3.4M | $3.9M | $4.2M | $5.5M | $6.7M | $6.7M | $6.6M | $6.5M | $6.4M |
| Stock-based compensation | — | — | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | — | — | — | — | — | — | — | — | — |
| Dividends and buybacks | $0.0M | — | — | — | — | — | — | — | — | — |
| Balance sheet | ||||||||||
| Cash and short-term investments | $7.0M | $12.1M | $8.2M | $3.5M | $4.3M | — | $16.3M | $15.7M | $10.2M | $0.9M |
| Total debt | — | — | — | — | — | — | $4.9M | $3.8M | $2.8M | $3.8M |
| Finance lease liabilities | — | — | — | — | $1.5M | — | — | — | — | — |
| Current assets | $48.6M | $55.8M | $53.2M | $52.8M | $68.8M | $70.3M | $92.9M | $87.5M | $78.0M | $63.6M |
| Current liabilities | $12.2M | $16.2M | $18.4M | $19.9M | $26.2M | $25.6M | $26.9M | $18.0M | $16.5M | $21.3M |
| Inventory | $24.1M | $23.0M | $23.4M | $26.4M | $29.3M | $36.8M | $40.5M | $40.6M | $33.3M | $37.1M |
| Property and equipment, net | $10.4M | $18.6M | $32.6M | $54.3M | $73.3M | $72.9M | $71.8M | $67.5M | $64.6M | $61.8M |
| Total assets | $87.3M | $97.5M | $101M | $123M | $155M | $157M | $176M | $167M | $157M | $147M |
| Total liabilities | $48.3M | $41.5M | $35.8M | $57.0M | $84.0M | $81.8M | $50.0M | $37.5M | $29.2M | $31.7M |
| Shareholders' equity | $38.9M | $56.0M | $65.7M | $66.5M | $71.2M | $75.0M | $126M | $130M | $128M | $116M |
| Margins | ||||||||||
| Gross margin | 39.4% | 36.8% | 32.4% | 32.7% | 30.1% | 21.4% | 27.1% | 28.0% | 25.2% | 19.3% |
| Operating margin | — | — | — | — | 2.2% | −3.4% | 24.3% | 1.8% | −2.8% | −8.1% |
| EBITDA margin | — | — | — | — | 5.0% | −0.7% | 26.8% | 4.4% | 0.1% | −5.4% |
| Net margin | 5.5% | 5.3% | 3.7% | 3.4% | 3.7% | −2.3% | 16.9% | 1.4% | −1.5% | −5.8% |
| FCF margin | 0.9% | 3.1% | −5.7% | −9.8% | −7.4% | −5.1% | −4.4% | 0.5% | −2.0% | −4.0% |
| Net interest share of revenue | — | — | — | — | — | — | — | −0.2% | −0.2% | −0.1% |
| Returns | ||||||||||
| Return on capital | — | — | — | — | — | — | 41.2% | 3.0% | −4.1% | −12.5% |
| Return on capital employed | — | — | — | — | 3.4% | −6.3% | 43.2% | 3.1% | −4.4% | −14.9% |
| Return on equity | 20.0% | 18.6% | 10.7% | 9.8% | 10.6% | −7.5% | 44.8% | 2.7% | −2.6% | −11.0% |
| Return on assets | 8.9% | 9.6% | 6.5% | 5.8% | 5.3% | −3.5% | 27.1% | 2.0% | −2.1% | −8.8% |
| Return on tangible equity | 20.0% | 15.8% | 9.9% | 9.8% | 10.3% | −7.3% | 35.7% | 2.7% | −2.6% | −11.6% |
| Growth | ||||||||||
| Revenue growth | — | 19.4% | 4.2% | 8.3% | 4.9% | 21.4% | 10.6% | −5.4% | −11.1% | 3.3% |
| Net income growth | — | 13.6% | −26.2% | −0.5% | 12.9% | −175.1% | — | −92.3% | −197.3% | — |
| FCF growth | — | 311.6% | −290.2% | — | — | — | — | — | −418.3% | — |
| Financial health | ||||||||||
| Net debt / EBITDA | — | — | — | — | — | — | −0.2x | −1.1x | −27.3x | — |
| Debt / equity | — | — | — | — | — | — | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | — | — | — | — | 23.7x | −6.8x | 58.3x | 8.0x | — | — |
| Current ratio | 4.0x | 3.4x | 2.9x | 2.6x | 2.6x | 2.7x | 3.5x | 4.9x | 4.7x | 3.0x |
| Quick ratio | 2.0x | 2.0x | 1.6x | 1.3x | 1.5x | 1.3x | 2.0x | 2.6x | 2.7x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.3% | 6.9% | 10.4% | 13.6% | 12.4% | 2.6% | 1.4% | 1.0% | 1.7% | 1.6% |
| Stock comp / revenue | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Payouts / FCF | 3.2% | — | — | — | — | — | — | — | — | — |
| Quality scores | ||||||||||
| Piotroski F-score | — | 5.0 | 4.0 | 4.0 | 3.0 | 2.0 | 4.0 | 6.0 | 2.0 | 2.0 |
| Altman Z'' | — | — | — | — | 4.6 | 4.0 | 9.8 | 8.9 | 9.4 | 7.2 |
| Accruals ratio | 3.7% | −8.6% | −1.8% | −0.7% | −1.9% | 0.3% | 31.8% | −0.3% | −1.8% | −5.0% |
Source: SEC EDGAR XBRL filings (CIK 0000014177). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.