Pricing Log in Create free account
Monday 2 November 2026 Export FLO’s income statement to Excel — free account

Flowers Foods, Inc.

FLO Consumer Defensive Packaged Foods

Flowers Foods, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 3.00% from fiscal 2024.

Revenue
−4.02%
EPS
−32.1%
Free cash flow
+9.81%
Total debt
−3.61%

Quarter to June 2026, against a year earlier

6.76 0.49 +7.81%
Market cap
$1.3B
P/E
26.0×
Fwd P/E
10.1×
Dividend yield
11.0%
F-score
3/9
Altman Z
2.09
Beneish M
−2.85
Dividend safety
22/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.04
Sold, $m 3.98
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — — — — 1 — — — — —
Sell — 1 — — 1 — — — — — 1 —
Insider Ownership 7.56%

Capital & Financial Ratios $m

Size
Market Cap 1,330.00
Revenue ttm 5,223.93
Net income ttm 55.17
Free cash flow ttm 306.68
Net debt Q 1,633.48
Valuation
P/E 26.00
Forward P/E 10.10
Price / sales 0.27
Forward P/S Powerpack
Price / FCF 4.84
Price / book 1.08
Financial health
Current ratio Q 0.77 (below 1: weak)
Debt / equity Q 1.27
Interest coverage Q 3.82
Growth
Revenue growth Q −4.02% (below 0%: shrinking)
Operating income growth Q −27.07% (below 0%: shrinking)
EPS, this year −28.21% (below 0%: weak)
EPS, next year A −9.77% (below 0%: weak)
Revenue, next year A −3.43% (below 0%: weak)
EPS, past 5 yrs −11.09% (below 0%: weak)
EPS, next 5 yrs A −13.45% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 1.3×; over the ten years it ranged from 0.5× in 2026 to 1.7× in 2022.
P/E against its own 10 years 54.77%
10-year low 10-year high
P/S against its own 10 years 1.62%
10-year low 10-year high
P/B against its own 10 years 1.62%
10-year low 10-year high
EV/Sales against its own 10 years 1.62%
10-year low 10-year high
EV/FCF against its own 10 years 1.62%
10-year low 10-year high

Dividends raised every year since 2016

Yield
11.0%
Annual rate
0.75
Payout ratio
286.5%
Growth, 2016–25
+5.15%/yr
  1. 0.63 ’16
  2. 0.67 ’17 +7%
  3. 0.71 ’18 +6%
  4. 0.75 ’19 +6%
  5. 0.79 ’20 +5%
  6. 0.83 ’21 +5%
  7. 0.89 ’22 +7%
  8. 0.91 ’23 +2%
  9. 0.95 ’24 +4%
  10. 0.98 ’25 +3%
  11. 0.62 ’26e −37%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 23 5 12 53
Receivables 328 335 353 372
Inventory 184 172 202 208
Other 152 145 163 155
688 656 729 786
2023 2024 2025 Q'26
Payables 319 261 313 331
ST’ Debt — — 400 400
Other — — — —
659 549 976 1,018

Compound Annual Growth %

10y 5y 3y
Sales 3.36% 3.68% 3.03%
Cash Flow 2.89% (0.37%) 7.33%
Earnings (7.82%) (11.26%) (28.40%)
Book Value 0.48% (1.03%) (3.34%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.23 Actual 0.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.23 0.23 Met by 0.00
Q4 FY25 0.16 0.22 Beat by 0.06
Q1 FY26 0.28 0.29 Beat by 0.01
Q2 FY26 0.23 0.21 Miss by 0.02
Q3 FY26 0.15 — Reports 12 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.20 0.19 — — —
’25 0.25 0.28 0.19 (0.32) 0.40
’24 0.34 0.32 0.31 0.20 1.17
’23 0.33 0.30 (0.22) 0.17 0.58
’22 0.40 0.25 0.19 0.23 1.07
’21 0.34 0.26 0.18 0.18 0.97
’20 (0.03) 0.27 0.21 0.26 0.72
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,572 1,193 — — —
’25 1,554 1,243 1,227 1,233 5,256
’24 1,577 1,225 1,191 1,111 5,103
’23 1,534 1,228 1,199 1,129 5,091
’22 1,436 1,129 1,158 1,083 4,806
’21 1,302 1,017 1,028 983 4,331
’20 1,349 1,026 990 1,023 4,388
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 108 134 — — —
’25 136 131 54 125 446
’24 105 63 114 130 413
’23 58 71 128 92 349
’22 124 60 108 69 361
’21 98 125 92 29 345
’20 106 170 89 90 454
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 87 110 — — —
’25 110 100 31 79 320
’24 72 36 90 85 283
’23 24 37 101 60 223
’22 75 12 79 33 199
’21 73 84 63 (84) 137
’20 85 145 67 64 362
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,927 3,921 3,952 4,124 4,388 4,331 4,806 5,091 5,103 5,256 5,224 +3.3% 5,076 5,058 5,033 (1.4%)
Gross margin, % 48.39 48.75 47.70 47.73 49.95 49.77 47.94 48.30 49.50 48.87 48.63 +0.5 pt
EBT 250 149 197 212 201 271 299 157 329 115 80 (8.2%)
EBT margin, % 6.35 3.81 4.99 5.14 4.57 6.25 6.22 3.09 6.45 2.19 1.53 (4.2) pt
Net income 164 150 157 165 152 206 228 123 248 84 55 (7.2%)
Per share, $
Per share, $ Revenue 18.83 18.71 18.73 19.49 20.72 20.44 22.54 24.06 24.18 24.87 24.63 +3.1%
Earnings 0.78 0.71 0.74 0.78 0.72 0.97 1.07 0.58 1.17 0.40 0.26 (7.2%)
Cash flow 1.71 1.42 1.40 1.73 2.15 1.63 1.69 1.65 1.96 2.11 1.99 +2.4%
Capex (0.40) (0.14) (0.46) (0.48) (0.44) (0.98) (0.76) (0.60) (0.62) (0.60) (0.54) +4.5%
Free cash flow 1.31 1.28 0.94 1.26 1.71 0.65 0.94 1.05 1.34 1.51 1.45 +1.6%
Book value 5.80 5.97 5.96 5.97 6.48 6.66 6.77 6.39 6.68 6.17 6.24 +0.7%
Shares, m 209 210 211 212 212 212 213 212 211 211 212 +0.2%
Valuation, ×
Valuation, × P/E 25.88 27.21 24.96 28.23 22.41 31.22 30.95 41.78 17.66 27.20 26.00 27.7
P/S 1.06 1.03 0.99 1.12 1.18 1.44 1.35 1.02 0.85 0.44 0.27 1.0
P/B 3.43 3.24 3.10 3.64 3.49 4.12 4.21 3.60 3.09 1.76 1.08 3.4
EV/Sales 1.30 1.24 1.23 1.33 1.36 1.63 1.53 1.24 1.07 0.77 0.59 1.3
EV/FCF 19.09 18.59 25.17 20.98 12.97 40.14 55.00 26.40 19.95 13.06 10.35 25.1
Cash, $m
Cash, $m Operating cash flow 357 297 296 367 454 345 361 349 413 446 421 +2.5%
Capex (84) (30) (98) (101) (93) (208) (161) (127) (130) (126) (115) +4.6%
Free cash flow 273 267 198 266 362 137 199 223 283 320 307 +1.8%
Balance, $m
Balance, $m Working capital 136 113 143 26 334 226 241 29 108 (247) (232) n/m
Net debt 952 827 970 875 725 772 791 1,026 1,017 1,743 1,633 +7.0%
Shareholders’ equity 1,210 1,251 1,258 1,263 1,373 1,411 1,443 1,352 1,410 1,303 1,324 +0.8%
Returns, %
Returns, % ROA 5.84 5.54 5.71 5.46 4.69 6.27 6.96 3.66 7.27 2.21 1.29 (3.6) pt
ROIC 7.66 4.84 5.96 6.59 9.58 8.44 8.48 4.54 8.97 3.57 3.03 (4.1) pt
ROE 13.35 12.20 12.53 13.05 11.55 14.81 16.00 8.83 17.97 6.18 4.01 (7.2) pt
People
People Employees 10,800 9,800 9,200 9,700 9,200 8,900 9,200 9,300 10,200 10,300 — (0.5%)
Revenue/emp, $m 0.36 0.40 0.43 0.43 0.48 0.49 0.52 0.55 0.50 0.51 — +3.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Flowers Foods, Inc. vs peers in Packaged Foods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UTZ Utz Brands, Inc. $2.1B — (loss-making) 21.0× +1.39% (above 0%: growing) n/m +93.40% (above 0%: growing) 25.87% (1.48%) Compare
NOMD Nomad Foods Limited $1.7B 11.8× 9.1× −0.76% (below 0%: shrinking) −2.38% (below 0%: shrinking) +24.23% (above 0%: growing) 28.91% 12.24% Compare
JJSF J & J Snack Foods Corp. $1.6B 32.6× 25.9× −6.24% (below 0%: shrinking) −16.74% (below 0%: shrinking) +4.83% (above 0%: growing) 35.45% 10.86% Compare
HLF Herbalife Ltd $1.4B 8.2× 8.5× +5.38% (above 0%: growing) n/m −70.49% (below 0%: shrinking) 77.67% 9.67% Compare
FLO Flowers Foods, Inc. $1.3B 24.1× 10.1× −4.02% (below 0%: shrinking) −32.14% (below 0%: shrinking) +9.81% (above 0%: growing) 48.45% 5.71%
SENEA Seneca Foods Corp. $1.1B 9.1× 11.6× +36.21% (above 0%: growing) +33.33% (above 0%: growing) +116.37% (above 0%: growing) 11.81% 6.47% Compare
BRBR BellRing Brands Inc. $1.1B 6.4× 7.8× +4.18% (above 0%: growing) +70.59% (above 0%: growing) +100.52% (above 0%: growing) 28.63% 11.47% Compare
SMPL The Simply Good Foods Company $977.2M — (loss-making) — (loss-making) −6.29% (below 0%: shrinking) n/m −38.61% (below 0%: shrinking) 32.52% (13.97%) Compare
WEST Westrock Coffee Company $969.4M — (loss-making) — (loss-making) +8.83% (above 0%: growing) n/m +174.43% (above 0%: growing) 12.35% (0.44%) Compare
Median of peers $1.2B 9.1× 10.4× +2.79% +15.48% +58.82% 28.77% 8.07%

All 68 Packaged Foods stocks →

Pay and ownership Proxy statement filed 14 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 7.78m (1.42m) 59.02
2024 7.94m 7.98m 104.62
2023 6.39m 4.45m 110.38
2022 6.26m 8.12m 135.65

Ownership

Directors and executive officers, together 7.23%
BlackRock, Inc. 8.69%
Fuller & Thaler Asset Management, Inc. 6.08%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Flowers Foods, Inc. (FLO) Latest News

28 Oct

Impact 3 · · PR Newswire

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · Zacks

16 Oct

Impact 3 · · StockStory

7 Oct

Impact 4 · · Simply Wall St.

6 Oct

Impact 4 · · Zacks

5 Oct

Impact 4 · · StockStory
Impact 4 · · Insider Monkey

17 Sep

Impact 3 ·

28 Aug

Impact 3 ·

27 Aug

Impact 4 · · The Motley Fool transcript
Impact 3 ·
Impact 3 ·

24 Aug

Impact 3 ·

21 Aug

Impact 4 ·
Impact 4 · transcript
Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby
Impact 3 · · InvestorsHub

20 Aug

Impact 3 · · MarketBeat
Impact 3 ·
Impact 3 ·
Impact 3 ·

18 Aug

Impact 3 ·

11 Aug

Impact 3 ·

7 Jul

Impact 3 ·

18 Jun

Impact 3 ·

12 Jun

Impact 3 ·

27 May

Impact 3 · · Zacks
stockrow.com/FLO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com