Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Bridgford Foods Corp.BRID · consumer nondurables | |
|---|---|
| Grade |  Cmiddle fifth of 124 graded peers; percentile 43.9, sampling error 3.8 points; lower is stronger |
| Rank | 55 of 124 |
| Profitability | C/Dpercentile 57.5 |
| Solvency | Apercentile 14.9 |
| Growth and financing | C/Dpercentile 63.7 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $147.2M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: short runway, distress |
| Inputs computable | 8 of 14 |
| Graded from | filings received through Jan 28, 2026254 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $5.422026-10-07; market equity $49.2M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Jan 28, 2026; the document on sec.gov.
Year Ended October 31, 2025 (52 weeks) Compared to Fiscal Year Ended November 1, 2024 (52 weeks) sales in fiscal year 2025 increased $7,341 (3.3%) when compared to the prior fiscal year. The changes in net sales were comprised as sales in the Frozen Food Products segment in fiscal year 2025 decreased $363 (0.6%) compared to the prior fiscal year. The changes in slight decrease in net sales of frozen food products in fiscal year 2025 primarily relates to lower unit sales volume in pounds partially offset by higher selling prices per pound.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 57.5 | |||||||
| Gross profitability | 30.3% | [1,3] | 29.8% | 44.1 | 146 | 2025-10-31 | |
| Return on invested capital | not computable | 5.6% | |||||
| a prior annual debt, equity, and cash observation is required | |||||||
| Accruals ratio | (5.0%) | [1,4-6] | (5.0%) | 50.0 | 153 | 2025-10-31 | |
| Gross margin stability, five years | 3.3 pts | [2-3,7-14] | 1.9 pts | 78.3 | 116 | 2025-10-31 | |
| Solvency, sleeve percentile 14.9 | |||||||
| Twelve-month failure probability | not computable | 0.03% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 7.21 | [1,15-20] | 3.11 | 12.4 | 122 | 2025-10-31 | |
| Net debt to EBITDA | not computable | 2.54x | |||||
| required facts have no common fiscal period end | |||||||
| Interest coverage | not computable | 2.51x | |||||
| latest aligned inputs end 2023-11-03; latest annual assets end 2025-10-31 | |||||||
| Current ratio | 2.98x | [15-16] | 1.81x | 17.3 | 157 | 2025-10-31 | |
| Growth and financing, sleeve percentile 63.7 | |||||||
| Revenue growth, three-year compound | (4.6%) | [2,8,10,12] | 0.2% | 73.5 | 133 | 2025-10-31 | |
| Free cash flow growth, three-year compound | not computable | 14.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 10.7% | |||||
| latest aligned inputs end 2023-11-03; latest annual assets end 2025-10-31 | |||||||
| Asset growth, three years | (5.8%) | [1,6,21-22] | 0.5% | 75.9 | 134 | 2025-10-31 | |
| Net share issuance, one year | 0.0% | [23-24] | 0.05% | 41.7 | 104 | 2026-01-28 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.104; sampling error 3.8 percentile points on 124 peers.
Among 124 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 50 | Johnson Outdoors Inc. (JOUT) Johnson Outdoors Inc. (JOUT) B/Con the B/C boundary; percentile 39.8 Nasdaq · Sporting & Athletic Goods, NEC last close $44.29 Warnings: fortress balance sheet; 8 of 14 inputs | 39.8 | B/C | fortress balance sheet |
| 51 | Seneca Foods Corp. (SENEA) Seneca Foods Corp. (SENEA) B/Con the B/C boundary; percentile 41.1 Nasdaq · Canned, Fruits, Veg, Preserves, Jams & Jellies last close $177.13 No active warnings; 10 of 14 inputs | 41.1 | B/C | |
| 52 | Seneca Foods Corp. (SENEB) Seneca Foods Corp. (SENEB) B/Con the B/C boundary; percentile 41.1 Nasdaq · Canned, Fruits, Veg, Preserves, Jams & Jellies last close $208.53 No active warnings; 10 of 14 inputs | 41.1 | B/C | |
| 53 | Pilgrims Pride Corp. (PPC) Pilgrims Pride Corp. (PPC) B/Con the B/C boundary; percentile 42.3 Nasdaq · Poultry Slaughtering and Processing market equity $6.8B; last close $28.48 No active warnings; 13 of 14 inputs | 42.3 | B/C | |
| 54 | Boston Beer Co. Inc. (SAM) Boston Beer Co. Inc. (SAM) B/Con the B/C boundary; percentile 43.1 NYSE · Malt Beverages last close $171.15 Warnings: fortress balance sheet; 9 of 14 inputs | 43.1 | B/C | fortress balance sheet |
| 55 | Bridgford Foods Corp. (BRID) Bridgford Foods Corp. (BRID) Cmiddle fifth; percentile 43.9 Nasdaq · Sausages & Other Prepared Meat Products market equity $53.6M; last close $5.42 No active warnings; 8 of 14 inputs | 43.9 | C | |
| 56 | Hershey Co. (HSY) Hershey Co. (HSY) Cmiddle fifth; percentile 44.7 NYSE · Sugar & Confectionery Products market equity $33.0B; last close $162.49 No active warnings; 10 of 14 inputs | 44.7 | C | |
| 57 | Post Holdings, Inc. (POST) Post Holdings, Inc. (POST) Cmiddle fifth; percentile 45.5 NYSE · Grain Mill Products market equity $3.3B; last close $74.19 No active warnings; 13 of 14 inputs | 45.5 | C | |
| 58 | Philip Morris International Inc. (PM) Philip Morris International Inc. (PM) Cmiddle fifth; percentile 46.3 NYSE · Cigarettes market equity $312.5B; last close $200.51 No active warnings; 12 of 14 inputs | 46.3 | C | |
| 59 | Hormel Foods Corp. (HRL) Hormel Foods Corp. (HRL) Cmiddle fifth; percentile 47.2 NYSE · Meat Packing Plants last close $19.41 No active warnings; 10 of 14 inputs | 47.2 | C | |
| 60 | Altria Group, Inc. (MO) Altria Group, Inc. (MO) Cmiddle fifth; percentile 48.0 NYSE · Cigarettes market equity $119.3B; last close $71.43 No active warnings; 12 of 14 inputs | 48.0 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 43.2 | 2204 |
| sector peers, equal sleeves (the grade) | C | 43.9 | 124 |
| same exchange, equal sleeves | C | 43.2 | 1219 |
| sector peers, equal inputs | C | 52.0 | 124 |
Each letter is one fifth of the 124 graded peers, about 24 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-07 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (22.3%) | (0.2%) | 23 | hotter than 23 of 100 peers |
| Distance from 52-week high | (30.6%) | (24.8%) | 38 | closer to its high than 38 of 100 peers |
| EBIT to enterprise value | (30.3%) | 4.1% | 9 | pricier than 91 of 100 peers |
| Free cash flow yield | (17.3%) | 4.8% | 11 | pricier than 89 of 100 peers |
| Book value to price | 2.01 | 0.57 | 94 | pricier than 6 of 100 peers |
| Sales to price | 4.31 | 1.20 | 92 | pricier than 8 of 100 peers |
| Composite equity issuance, five years | 0.0% | (16.3%) | 79 | more equity-funded than 79 of 100 peers |
| Relative strength against the sector, log excess return | (0.35) | (0.10) | 23 | ahead of 23 of 100 peers |
Inputs: market equity $53.6M; EBIT -$18.8M; free cash flow -$9.3M; book equity $107.8M; sales $231.0M; debt $8.7M; cash $333,000[25].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-10-31 | ||
|---|---|---|
| Return on assets above zero | (8.5%) | ✗ fail[4,6] |
| Operating cash flow above zero | -$5.7M | ✗ fail[5] |
| Return on assets improved | (6.5 pts) | ✗ fail[4,6,21,26] |
| Operating cash flow exceeds net income | $7.7M | ✓ pass[4-5] |
| Long-term leverage fell | n/a[1,6,21,27] | |
| Current ratio improved | (175.9 pts) | ✗ fail[15-16,28-29] |
| No new shares issued | 0.0% | ✓ pass[23-24] |
| Gross margin improved | (5.9 pts) | ✗ fail[2-3,7-8] |
| Asset turnover improved | 12.9 pts | ✓ pass[2,6,8,21] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[30-34] |
| Months of runway | not finite |
| the four latest operating-cash-flow quarters are not consecutive | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 46 |
| 10-Q received Aug 24, 2026 | |
| Median daily dollar volume | $16,921 |
| 63 sessions | |
| Days since newest grade input | 254 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $147.2M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $231.0M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $44.6M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$13.4M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$5.7M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $157.4M | 2024-11-01 | 2026-01-28 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $56.3M | 2024-11-01 | 2026-01-28 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $223.6M | 2024-11-01 | 2026-01-28 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $70.4M | 2023-11-03 | 2025-01-29 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $251.6M | 2023-11-03 | 2025-01-29 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $72.1M | 2022-10-28 | 2024-01-29 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $265.9M | 2022-10-28 | 2024-01-29 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $51.4M | 2021-10-29 | 2023-01-26 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $240.4M | 2021-10-29 | 2023-01-26 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $63.6M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $21.3M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $106.1M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | -$18.8M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $115.5M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $31.7M | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 21 | assets | us-gaap:Assets | $167.0M | 2023-11-03 | 2025-01-29 | 10-K | filing · viewer · series |
| 22 | assets | us-gaap:Assets | $176.3M | 2022-10-28 | 2024-01-29 | 10-K | filing · viewer · series |
| 23 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 9,076,832 | 2026-01-28 | 2026-01-28 | 10-K | filing · viewer · series |
| 24 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 9,076,832 | 2025-01-29 | 2025-01-29 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 9,076,832 | 2026-08-24 | 2026-08-24 | 10-Q | filing · viewer · series |
| 26 | net income | us-gaap:NetIncomeLoss | -$3.4M | 2024-11-01 | 2026-01-28 | 10-K | filing · viewer · series |
| 27 | long term debt | us-gaap:LongTermDebtNoncurrent | $673,000 | 2025-10-31 | 2026-01-28 | 10-K | filing · viewer · series |
| 28 | current assets | us-gaap:AssetsCurrent | $78.0M | 2024-11-01 | 2026-01-28 | 10-K | filing · viewer · series |
| 29 | current liabilities | us-gaap:LiabilitiesCurrent | $16.5M | 2024-11-01 | 2026-01-28 | 10-K | filing · viewer · series |
| 30 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$4.0M | 2026-07-10 | 2026-08-24 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$1.8M | 2026-04-17 | 2026-06-01 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.3M | 2026-01-23 | 2026-03-06 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$5.6M | 2025-07-11 | 2026-08-24 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$5.4M | 2025-04-18 | 2026-06-01 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 43.9 is 3.9 points from the nearest band edge; sampling error is 3.8 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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