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Flowers Foods Inc. (FLO)

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Flowers Foods Inc. (FLO) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 18 July 2026, down 4.0% on the same quarter a year earlier. Net income was $41 million, down 30.3% on the year, and diluted earnings per share $0.19. The figures are the company's own, from the 10-Q it filed with the SEC on 20 August 2026.

Revenue$1.2 billiondown 4.0%
Net income$41 milliondown 30.3%
Diluted EPS$0.19
QuarterQ2 FY2026ended 18 July 2026

Flowers Foods (FLO) in brief

Flowers Foods (FLO) reported revenue of $5.3 billion for fiscal 2025, the year ended 3 January 2026, up 3.0% on the year before.
Read moreNet income was $84 million and diluted earnings per share $0.40. Revenue was $5.1 billion in fiscal 2024, $5.1 billion in fiscal 2023, $4.8 billion in fiscal 2022 and $4.3 billion in fiscal 2021. Net income in the same years was $248 million, $123 million, $228 million and $206 million. Over the twelve months to 18 July 2026, Flowers Foods reported revenue of $5.2 billion and net income of $55 million. Revenue grew 3.7% a year, compounded, over the five years to fiscal 2025. Flowers Foods declared $0.98 a share in dividends over the last four quarters and had 212 million shares outstanding at the latest filed count. At 18 July 2026 it carried $1.7 billion of debt and $53 million of cash. At the close of 9 October 2026 the market cap of Flowers Foods was $1.2 billion, 22.3 times its earnings over the last twelve months.

Ratios

From the filings

ROE4.2%
ROCE4.8%
Operating margin2.7%
Net margin1.1%
FCF margin5.9%
Interest cover1.78
Debt to equity1.27
Cash conversion7.64
Share count, 1 year0.4%
Sales CAGR, 3 years3.0%
Profit CAGR, 3 years-28.4%
EPS, TTM$0.26

At the close of 9 October 2026

Price$5.80
Market cap$1.2 billion
Stock P/E22.33
Price to book0.93
EV / EBITDA9.18
Dividend yield16.9%
Market cap / sales0.24
52-week high$12.90
52-week low$5.55
Price, 1 year-53.6%
Price CAGR, 3 years-35.5%
Price CAGR, 5 years-25.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Flowers Foods Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FLOgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FLO

Filings23 in twelve months: 13 current reports (8-K), about 6 officer or director change; 4 results of operations; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote; 1 other events
Planned insider sales1 Form 144 notice in twelve months, $25,936; latest 8 October 2026
Options tapeput/call 0.23 by open interest at the 9 October 2026 close; the straddle prices a 14.6% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest44.8 million shares short, 5.33 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,1991,1291,5771,2251,1911,1111,5541,2431,2271,2331,5721,193
Cost of revenue617588797613598568778636639634795615
Gross profit582541780612592543776607588598776578
Gross margin49%48%49%50%50%49%50%49%48%49%49%48%
SG&A604448625471460444634474476492643473
Operating income-59.349.910295.290.261.485.193.466.5-71.179.868.1
Operating margin-5%4%6%8%8%6%5%8%5%-6%5%6%
Interest expense8.68.211.39.08.78.219.718.918.219.924.717.9
Pre-tax income-63.346.196.190.485.556.971.278.552.2-86.760.154.3
Tax raten/a23%24%26%24%24%26%26%24%n/a30%25%
Net income-46.735.773.067.065.043.153.058.439.5-67.142.140.7
Net margin-4%3%5%5%5%4%3%5%3%-5%3%3%
Diluted EPS-$0.22$0.17$0.34$0.32$0.31$0.20$0.25$0.28$0.19-$0.32$0.20$0.19
Operating cash flow12892.010563.311413013613154.4125108134
Capital expenditure28.632.133.327.925.445.525.630.823.946.820.623.9
Free cash flow99.860.071.835.488.684.811010030.478.687.2110
Buybacks4.614.98.913.80.00.05.50.00.00.03.80.0
Dividends paid48.648.551.150.850.550.552.352.452.352.354.426.6
Shares outstanding211m211m211m211m211m211m211m211m211m212m212m212m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Revenue3,7493,7793,9273,9213,9524,1244,3884,3314,8065,0915,1035,2565,224
Cost of revenuen/an/an/a2,0092,0672,1562,1962,1752,5022,6322,5772,6882,684
Gross profitn/an/an/a1,9111,8851,9682,1922,1562,3042,4592,5262,5692,540
Gross marginn/an/an/a48.7%47.7%47.7%50.0%49.8%47.9%48.3%49.5%48.9%48.6%
Research and development3.23.33.02.44.94.34.05.66.15.95.10.0n/a
Selling, general and administrative1,3681,3821,4691,5101,5071,5751,6931,7201,8512,1202,0012,0752,084
Operating income275298265161212225321295303173348174143
Operating margin7.3%7.9%6.7%4.1%5.4%5.5%7.3%6.8%6.3%3.4%6.8%3.3%2.7%
Interest expense28.326.834.936.635.738.838.831.528.936.637.176.780.6
Pre-tax income26829325014919721220127129915732911579.7
Income tax92.310485.8-0.840.047.548.464.670.333.780.831.224.5
Effective tax rate34.4%35.4%34.4%-0.6%20.3%22.4%24.1%23.9%23.5%21.4%24.6%27.2%30.8%
Net income17618916415015716515220622812324883.855.2
Net margin4.7%5.0%4.2%3.8%4.0%4.0%3.5%4.8%4.8%2.4%4.9%1.6%1.1%
Diluted EPS$0.82$0.89$0.78$0.71$0.74$0.78$0.72$0.97$1.07$0.58$1.17$0.40$0.26
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2026Share
latest year
Branded Retail3,2653,2593,46365.9%
Other1,8261,8441,79434.1%
Branded RetailOther
5,091FY20235,103FY20245,256FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Operating cash flow315336357297296367454345361349413446421
Capital expenditure83.890.810275.299.410497.9136169129132127115
Free cash flow231245255222196263357209192220281319306
Free cash flow margin6.2%6.5%6.5%5.7%5.0%6.4%8.1%4.8%4.0%4.3%5.5%6.1%5.9%
Cash from investingn/a-470-76.7-35.4-302-97.1-74.0-191-151-404-173-943-117
Cash from financingn/a141-288-26326.1-284-84.0-275-222-88.1-258504-263
Depreciation and amortisation129132141147144144141137142152159167169
Share-based compensation18.715.718.816.18.17.412.921.325.826.929.732.332.5
Buybacks38.96.91262.72.57.10.89.534.645.822.75.53.8
Dividends paid102120131141150160167176187195203209186
Dividend per share$0.48$0.57$0.62$0.67$0.71$0.75$0.79$0.83$0.87$0.91$0.95$0.98n/a
Diluted shares, weighted213m213m210m210m212m212m212m213m213m213m212m212m212m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a212m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity1,1231,2431,2101,2511,2581,2631,3731,4111,4431,3521,4101,3031,324
Debt7676548098059808679608918921,0481,0221,7551,686
Operating lease liabilitiesn/an/an/an/an/a324290251237237254251242
Finance lease liabilitiesn/an/an/an/an/a19.43.61.90.10.00.00.10.0
Other liabilities519946742604608704696699741790714874934
Total liabilities and equity2,4092,8442,7612,6602,8463,1783,3233,2533,3133,4273,4004,1844,186
Owned
Fixed assets807805781732744718699799849963964953927
Goodwill2834654664655455455455455456786801,0481,047
Intangible assets6458758367427957507156956646580.30.10.1
Cash and equivalents7.514.46.45.125.311.030718616522.55.012.152.8
Inventory93.1111111111123127125135169184172202208
Other assets5735735616046131,0269318939209211,5791,9691,951
Total assets2,4092,8442,7612,6602,8463,1783,3233,2533,3133,4273,4004,1844,186
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded3.4%3.7%3.0%2.5%
Profit growth, compounded-7.8%-11.3%-28.4%-74.9%
Return on equity, average12.6%12.7%11.1%6.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Flowers Foods' revenue in fiscal 2025?

Flowers Foods (FLO) reported revenue of $5.3 billion for fiscal 2025, the year ended 3 January 2026, up 3.0% on the year before.

How much did Flowers Foods earn in fiscal 2025?

Net income was $84 million for fiscal 2025, and diluted earnings per share $0.40.

What is Flowers Foods' P/E ratio?

At the close of 9 October 2026, Flowers Foods traded at 22.3 times its earnings over the twelve months to 18 July 2026.

What is Flowers Foods' market cap?

The market cap of Flowers Foods was $1.2 billion at the close of 9 October 2026.

Does Flowers Foods pay a dividend?

Yes. Flowers Foods declared $0.98 a share in dividends over the four quarters to 18 July 2026.

Peers: Food Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mondelez International, Inc. MDLZ$77.6 billion22.2113.2%11.2%6.9%0.623.2%
Conagra Brands Inc. CAG$6.4 billionn/a-29.8%-15.2%-1.8%1.2110.4%
Ingredion Inc. INGR$6.0 billion10.3713.1%11.9%-1.4%0.393.4%
Campbell'S Co. CPB$5.7 billion14.6710.5%8.7%-5.0%1.858.1%
Post Holdings, Inc. POST$3.3 billion13.759.5%9.6%6.2%2.484.0%
Freshpet, Inc. FRPT$3.1 billion16.8516.4%8.1%12.8%0.32n/a
Tootsie Roll Industries Inc. TR$2.8 billion28.7110.0%11.9%1.6%0.01n/a
Marzetti Co. MZTI$2.7 billion14.2618.2%12.4%1.1%0.194.0%
J&J Snack Foods Corp. JJSF$1.5 billion18.939.2%7.0%-1.0%0.031.0%
Flowers Foods Inc. FLO$1.2 billion22.334.2%2.7%2.5%1.2716.9%
Simply Good Foods Co. SMPL$901 millionn/a-14.0%-17.1%-4.5%0.28n/a
Sanfilippo John B & SON Inc. JBSS$792 million12.7316.3%7.6%6.2%0.136.0%
All 24 in Food Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mondelez International, Inc. MDLZ$77.6 billion22.2113.2%11.2%6.9%0.623.2%
Archer-Daniels-Midland Co. ADM$38.5 billion21.887.5%n/a-0.8%0.272.6%
Hershey Co. HSY$33.0 billion22.2332.6%17.8%7.7%1.14n/a
Kraft Heinz Co. KHC$26.4 billionn/a-9.4%-12.8%-1.6%0.497.2%
Bunge Global SA BG$19.9 billion19.956.3%n/a80.5%0.956.9%
Tyson Foods, Inc. TSN$19.0 billion32.983.2%2.3%2.9%0.36n/a
General Mills Inc. GIS$17.3 billionn/a-12.0%-1.1%-4.5%1.667.6%
J.M. Smucker Co. SJM$12.8 billion55.994.0%9.0%5.1%1.143.7%
McCormick & Co. Inc. MKC$12.1 billion8.1021.3%13.4%13.2%0.534.1%
Hormel Foods Corp. HRL$10.6 billion30.484.4%4.7%0.7%0.306.0%
Darling Ingredients Inc. DAR$9.5 billion16.2411.4%14.5%14.9%0.73n/a
Pilgrims Pride Corp. PPC$6.8 billion12.4514.6%5.0%1.4%0.76n/a
Lamb Weston Holdings, Inc. LW$6.6 billion26.1714.1%7.8%2.6%1.983.1%
Conagra Brands Inc. CAG$6.4 billionn/a-29.8%-15.2%-1.8%1.2110.4%
Ingredion Inc. INGR$6.0 billion10.3713.1%11.9%-1.4%0.393.4%
Campbell'S Co. CPB$5.7 billion14.6710.5%8.7%-5.0%1.858.1%
Post Holdings, Inc. POST$3.3 billion13.759.5%9.6%6.2%2.484.0%
Freshpet, Inc. FRPT$3.1 billion16.8516.4%8.1%12.8%0.32n/a
Tootsie Roll Industries Inc. TR$2.8 billion28.7110.0%11.9%1.6%0.01n/a
Marzetti Co. MZTI$2.7 billion14.2618.2%12.4%1.1%0.194.0%
J&J Snack Foods Corp. JJSF$1.5 billion18.939.2%7.0%-1.0%0.031.0%
Flowers Foods Inc. FLO$1.2 billion22.334.2%2.7%2.5%1.2716.9%
Simply Good Foods Co. SMPL$901 millionn/a-14.0%-17.1%-4.5%0.28n/a
Sanfilippo John B & SON Inc. JBSS$792 million12.7316.3%7.6%6.2%0.136.0%
4 companies share its SEC industry code (Food And Kindred Products); the rest are the names nearest in size in its wider industry, Food Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q18 July 202620 August 2026EDGAR
10-Q25 April 202621 May 2026EDGAR
10-K3 January 202625 February 2026EDGAR
10-Q4 October 20256 November 2025EDGAR
10-Q12 July 202515 August 2025EDGAR
10-Q19 April 202516 May 2025EDGAR
10-K28 December 202418 February 2025EDGAR
10-Q5 October 20248 November 2024EDGAR
10-Q13 July 202416 August 2024EDGAR
10-Q20 April 202416 May 2024EDGAR

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