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Side-by-side financial comparison of Astrana Health, Inc. (ASTH) and FLOWERS FOODS INC (FLO). Click either name above to swap in a different company.

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $950.5M, roughly 1.3× Astrana Health, Inc.). On growth, Astrana Health, Inc. posted the faster year-over-year revenue change (42.9% vs -75.8%). Over the past eight quarters, Astrana Health, Inc.'s revenue compounded faster (53.3% CAGR vs -11.6%).

Astrana Health, Inc. is a U.S.-based value-based healthcare services provider that primarily serves Medicare-eligible senior populations across the United States. It offers in-home primary care, chronic disease management, and care coordination services, aiming to improve patient health outcomes and reduce unnecessary medical costs.

Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, rolls, snack cakes, pastries, and tortillas. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."

ASTH vs FLO — Head-to-Head

Bigger by revenue
FLO
FLO
1.3× larger
FLO
$1.2B
$950.5M
ASTH
Growing faster (revenue YoY)
ASTH
ASTH
+118.7% gap
ASTH
42.9%
-75.8%
FLO
Faster 2-yr revenue CAGR
ASTH
ASTH
Annualised
ASTH
53.3%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTH
ASTH
FLO
FLO
Revenue
$950.5M
$1.2B
Net Profit
$6.6M
Gross Margin
Operating Margin
1.9%
Net Margin
0.7%
Revenue YoY
42.9%
-75.8%
Net Profit YoY
184.4%
EPS (diluted)
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTH
ASTH
FLO
FLO
Q4 25
$950.5M
$1.2B
Q3 25
$956.0M
$1.2B
Q2 25
$654.8M
$1.6B
Q1 25
$620.4M
Q4 24
$665.2M
$1.2B
Q3 24
$478.7M
$1.2B
Q2 24
$486.3M
$1.6B
Q1 24
$404.4M
Net Profit
ASTH
ASTH
FLO
FLO
Q4 25
$6.6M
$39.5M
Q3 25
$373.0K
$58.4M
Q2 25
$9.4M
$53.0M
Q1 25
$6.7M
Q4 24
$-7.8M
$65.0M
Q3 24
$16.1M
$67.0M
Q2 24
$19.2M
$73.0M
Q1 24
$14.8M
Operating Margin
ASTH
ASTH
FLO
FLO
Q4 25
1.9%
5.4%
Q3 25
2.0%
7.5%
Q2 25
3.1%
5.5%
Q1 25
3.3%
Q4 24
0.1%
7.6%
Q3 24
5.9%
7.8%
Q2 24
6.2%
6.4%
Q1 24
7.5%
Net Margin
ASTH
ASTH
FLO
FLO
Q4 25
0.7%
3.2%
Q3 25
0.0%
4.7%
Q2 25
1.4%
3.4%
Q1 25
1.1%
Q4 24
-1.2%
5.5%
Q3 24
3.4%
5.5%
Q2 24
3.9%
4.6%
Q1 24
3.7%
EPS (diluted)
ASTH
ASTH
FLO
FLO
Q4 25
$0.12
$0.19
Q3 25
$0.01
$0.28
Q2 25
$0.19
$0.25
Q1 25
$0.14
Q4 24
$-0.14
$0.31
Q3 24
$0.33
$0.32
Q2 24
$0.40
$0.34
Q1 24
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTH
ASTH
FLO
FLO
Cash + ST InvestmentsLiquidity on hand
$429.5M
$12.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$779.3M
Total Assets
$2.2B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTH
ASTH
FLO
FLO
Q4 25
$429.5M
$16.7M
Q3 25
$463.4M
$11.0M
Q2 25
$342.1M
$7.3M
Q1 25
$260.9M
Q4 24
$290.8M
$15.0M
Q3 24
$350.3M
$6.9M
Q2 24
$327.7M
$15.8M
Q1 24
$337.3M
Total Debt
ASTH
ASTH
FLO
FLO
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
Stockholders' Equity
ASTH
ASTH
FLO
FLO
Q4 25
$779.3M
$1.4B
Q3 25
$775.5M
$1.4B
Q2 25
$765.5M
$1.4B
Q1 25
$745.4M
Q4 24
$712.7M
$1.4B
Q3 24
$704.6M
$1.4B
Q2 24
$678.9M
$1.4B
Q1 24
$653.5M
Total Assets
ASTH
ASTH
FLO
FLO
Q4 25
$2.2B
$4.3B
Q3 25
$2.2B
$4.3B
Q2 25
$1.4B
$4.3B
Q1 25
$1.3B
Q4 24
$1.4B
$3.4B
Q3 24
$1.3B
$3.4B
Q2 24
$1.3B
$3.4B
Q1 24
$1.2B
Debt / Equity
ASTH
ASTH
FLO
FLO
Q4 25
1.25×
Q3 25
1.23×
Q2 25
1.26×
Q1 25
Q4 24
0.75×
Q3 24
0.77×
Q2 24
0.76×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTH
ASTH
FLO
FLO
Operating Cash FlowLast quarter
$-2.9M
$125.4M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-0.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.44×
TTM Free Cash FlowTrailing 4 quarters
$104.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTH
ASTH
FLO
FLO
Q4 25
$-2.9M
$54.4M
Q3 25
$10.0M
$130.8M
Q2 25
$90.9M
$135.6M
Q1 25
$16.6M
Q4 24
$-10.9M
$113.9M
Q3 24
$34.0M
$63.3M
Q2 24
$23.2M
$105.1M
Q1 24
$6.0M
Free Cash Flow
ASTH
ASTH
FLO
FLO
Q4 25
$-6.0M
$30.4M
Q3 25
$7.4M
$100.0M
Q2 25
$89.5M
$110.1M
Q1 25
$13.6M
Q4 24
$-13.5M
$88.6M
Q3 24
$31.7M
$35.4M
Q2 24
$20.4M
$71.8M
Q1 24
$5.6M
FCF Margin
ASTH
ASTH
FLO
FLO
Q4 25
-0.6%
2.5%
Q3 25
0.8%
8.0%
Q2 25
13.7%
7.1%
Q1 25
2.2%
Q4 24
-2.0%
7.4%
Q3 24
6.6%
2.9%
Q2 24
4.2%
4.6%
Q1 24
1.4%
Capex Intensity
ASTH
ASTH
FLO
FLO
Q4 25
0.3%
2.0%
Q3 25
0.3%
2.5%
Q2 25
0.2%
1.6%
Q1 25
0.5%
Q4 24
0.4%
2.1%
Q3 24
0.5%
2.3%
Q2 24
0.6%
2.1%
Q1 24
0.1%
Cash Conversion
ASTH
ASTH
FLO
FLO
Q4 25
-0.44×
1.38×
Q3 25
26.69×
2.24×
Q2 25
9.65×
2.56×
Q1 25
2.48×
Q4 24
1.75×
Q3 24
2.11×
0.94×
Q2 24
1.21×
1.44×
Q1 24
0.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASTH
ASTH

Medicare$542.4M57%
Commercial$99.1M10%
Care Delivery$92.1M10%
Care Enablement$78.9M8%
Other Third Parties$58.0M6%
Health Care Patient Service$39.8M4%
Health Care Other$25.5M3%
Other$12.1M1%
Management Service$10.3M1%

FLO
FLO

Segment breakdown not available.

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