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. In the quarter to June 2026, revenue fell 4.02%, EPS fell 32.1%, free cash flow grew 9.81% and total debt fell 3.61%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.
Follow FLO
Flowers Foods, Inc. (FLO) Piotroski F-score
Flowers Foods, Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, down from 8 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | (5.00) |
| FY2024 | 8 | 2.00 |
| FY2023 | 6 | 1.00 |
| FY2022 | 5 | 0.00 |
| FY2021 | 5 | 0.00 |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | 0.00 |
| FY2018 | 5 | (1.00) |
| FY2017 | 6 | (1.00) |
| FY2016 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.21% | 7.27% | Pass | 1 |
| Positive operating cash flow | 446.20m | 412.66m | Pass | 1 |
| Rising return on assets | 2.21% | 7.27% | Fail | 0 |
| Cash flow above net income | 362.38m | 164.55m | Pass | 1 |
| Falling long-term leverage | 0.36 | 0.30 | Fail | 0 |
| Rising current ratio | 0.75 | 1.20 | Fail | 0 |
| No new shares issued | 211,343,000 | 211,023,000 | Fail | 0 |
| Rising gross margin | 48.87% | 49.50% | Fail | 0 |
| Rising asset turnover | 1.39 | 1.50 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| SENEA Seneca Foods Corp. compare | 9 |
| HLF Herbalife Ltd compare | 5 |
| NOMD Nomad Foods Limited compare | 5 |
| SMPL The Simply Good Foods Company compare | 5 |
| JJSF J & J Snack Foods Corp. compare | 4 |
| BRBR BellRing Brands Inc. compare | 4 |
| JBSS John B. Sanfilippo & Son, Inc. compare | 3 |
| FLO Flowers Foods, Inc. | 3 |
| WEST Westrock Coffee Company compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover