Logo

BRID

Bridgford Foods Corporation

BRID

Bridgford Foods Corporation • NASDAQ
$7.79 ▲ 3.59% (+0.27)
Market Cap $70.71 M
52w High $10.83
52w Low $7.24
Dividend Yield 0%
P/E -9.74
Volume 7.32K
Outstanding Shares 9.08M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $51.954M ▲ $14.608M ▲ $-1.637M ▲ -3.151% ▲ $-0.18 ▲ $-3.979M ▼
Q2-2025 $50.639M ▼ $14.258M ▼ $-3.86M ▼ -7.623% ▼ $-0.43 ▼ $-3.1M ▼
Q1-2025 $52.545M ▼ $14.897M ▼ $-1.113M ▼ -2.118% ▼ $-0.12 ▼ $-506K ▼
Q4-2024 $72.226M ▲ $18.988M ▲ $-651K ▲ -0.901% ▲ $0.3 ▲ $1.417M ▲
Q3-2024 $49.263M $14.445M $-1.77M -3.593% $-0.2 $-1.064M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.403M ▲ $152.727M ▲ $31.201M ▲ $121.526M ▼
Q2-2025 $2.277M ▼ $152.443M ▼ $29.28M ▲ $123.163M ▼
Q1-2025 $4.659M ▼ $153.376M ▼ $26.353M ▼ $127.023M ▼
Q4-2024 $10.23M ▼ $157.354M ▼ $29.218M ▼ $128.136M ▲
Q3-2024 $15.938M $163.861M $37.056M $126.805M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.637M ▲ $-142K ▲ $-183K ▲ $1.451M ▲ $1.126M ▲ $-448K ▲
Q2-2025 $-3.86M ▼ $-822K ▲ $-1.023M ▼ $-537K ▼ $-2.382M ▲ $-1.867M ▲
Q1-2025 $-1.113M ▼ $-4.604M ▼ $-525K ▲ $-442K ▲ $-5.571M ▲ $-5.135M ▼
Q4-2024 $-651K ▲ $-3.699M ▼ $-1.323M ▼ $-686K ▼ $-5.708M ▼ $-5.077M ▼
Q3-2024 $-1.77M $2.2M $-643K $592K $2.149M $1.545M

Revenue by Products

Product Q1-2019Q2-2019Q3-2019Q1-2020
Frozen Food Products
Frozen Food Products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Snack Food Products
Snack Food Products
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Bridgford’s sales have been fairly steady but not strongly growing, and profits have been thin and somewhat erratic. The business swings between small profits and small losses, which suggests it operates with tight margins and is sensitive to changes in costs or demand. The standout profit year a few years ago looks more like an exception than a new normal, so recent results point to a company grinding out modest performance rather than delivering consistent, high profitability.

Balance Sheet

Balance Sheet The balance sheet looks conservative and fairly stable. Assets and shareholders’ equity have held at similar levels over the past few years, and debt is relatively low compared with the size of the business. Cash on hand is not large but appears adequate for a slow-growing, steady operation. Overall, the company does not look financially stretched, but it also does not have an unusually large financial cushion.

Cash Flow

Cash Flow Cash generation has been weak, with operating cash flow hovering around breakeven and free cash flow only slightly better in recent years. Capital spending has been modest, which helps limit cash outflow, but the business is not consistently throwing off excess cash. This pattern fits a mature, low-margin food company that can mostly fund itself but has limited room for large self-financed expansion without improving profitability.

Competitive Edge

Competitive Edge Bridgford competes by focusing on niches rather than going head-to-head with the largest packaged food giants. Its long history in frozen dough, meat snacks, and especially shelf-stable and military-oriented products gives it specialized know-how and relationships that are not easy to replicate. Long-term ties with the U.S. military and major retailers, plus a family-controlled, long-term mindset, help create a defensible position. The trade-off is that these niches may limit scale, and reliance on a few large customers is an ongoing risk.

Innovation and R&D

Innovation and R&D The company has a track record of practical, product-focused innovation: first with frozen dough, more recently with advanced drying technology for military rations and long-shelf-life foods. Its vacuum microwave drying investment and shelf-stable sandwiches show a push into more technical, higher-value-added food solutions. The key question is how effectively Bridgford can extend these innovations beyond military contracts into broader consumer and specialty markets to drive growth rather than just maintain existing business.

Summary

Bridgford looks like a cautious, niche-focused food manufacturer: stable but not high growth, with thin margins and uneven profits. Its financial position is solid rather than strong, with low debt but only modest cash flow. The real story is in its specialized products, military relationships, and technology investments, which provide a differentiated position in certain corners of the food market. Future performance will depend on whether the company can translate these strengths into more consistent profitability and broader commercial opportunities, without losing the discipline that has kept its balance sheet conservative.