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Side-by-side financial comparison of BXP, Inc. (BXP) 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 $872.1M, roughly 1.4× BXP, Inc.). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -11.6%).
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
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."
BXP vs FLO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.2B |
| Net Profit | $133.0M | — |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 15.3% | — |
| Revenue YoY | 0.8% | 11.0% |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | $1.69 | — |
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.
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.6B | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.2B | ||
| Q2 24 | $850.5M | $1.6B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $39.5M | ||
| Q3 25 | $-121.7M | $58.4M | ||
| Q2 25 | $89.0M | $53.0M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | $65.0M | ||
| Q3 24 | $83.6M | $67.0M | ||
| Q2 24 | $79.6M | $73.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 6.4% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 3.2% | ||
| Q3 25 | -14.0% | 4.7% | ||
| Q2 25 | 10.2% | 3.4% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | 5.5% | ||
| Q3 24 | 9.7% | 5.5% | ||
| Q2 24 | 9.4% | 4.6% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.19 | ||
| Q3 25 | $-0.77 | $0.28 | ||
| Q2 25 | $0.56 | $0.25 | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | $0.31 | ||
| Q3 24 | $0.53 | $0.32 | ||
| Q2 24 | $0.51 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.8M | $12.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | — |
| Total Assets | $25.1B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $16.7M | ||
| Q3 25 | $861.1M | $11.0M | ||
| Q2 25 | $447.0M | $7.3M | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $15.0M | ||
| Q3 24 | $1.4B | $6.9M | ||
| Q2 24 | $685.4M | $15.8M |
| Q1 26 | — | — | ||
| 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 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.8B | $1.4B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.3B | ||
| Q3 25 | $26.0B | $4.3B | ||
| Q2 25 | $25.6B | $4.3B | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | $3.4B | ||
| Q3 24 | $26.4B | $3.4B | ||
| Q2 24 | $25.5B | $3.4B |
| Q1 26 | — | — | ||
| 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× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $125.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $54.4M | ||
| Q3 25 | $274.2M | $130.8M | ||
| Q2 25 | $353.1M | $135.6M | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | $113.9M | ||
| Q3 24 | $286.1M | $63.3M | ||
| Q2 24 | $367.1M | $105.1M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $30.4M | ||
| Q3 25 | $231.6M | $100.0M | ||
| Q2 25 | $281.5M | $110.1M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | $88.6M | ||
| Q3 24 | $234.5M | $35.4M | ||
| Q2 24 | $332.4M | $71.8M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 2.5% | ||
| Q3 25 | 26.6% | 8.0% | ||
| Q2 25 | 32.4% | 7.1% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | 7.4% | ||
| Q3 24 | 27.3% | 2.9% | ||
| Q2 24 | 39.1% | 4.6% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.0% | ||
| Q3 25 | 4.9% | 2.5% | ||
| Q2 25 | 8.2% | 1.6% | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | 2.1% | ||
| Q3 24 | 6.0% | 2.3% | ||
| Q2 24 | 4.1% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.38× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | 3.97× | 2.56× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | 3.42× | 0.94× | ||
| Q2 24 | 4.61× | 1.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
FLO
Segment breakdown not available.
