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Side-by-side financial comparison of CARTERS INC (CRI) 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 $757.8M, roughly 1.6× CARTERS INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs -0.1%).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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."
CRI vs FLO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $1.2B |
| Net Profit | $11.6M | — |
| Gross Margin | 45.1% | — |
| Operating Margin | 3.8% | — |
| Net Margin | 1.5% | — |
| Revenue YoY | -0.1% | 11.0% |
| Net Profit YoY | -80.1% | — |
| EPS (diluted) | $0.32 | — |
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.
| Q4 25 | — | $1.2B | ||
| Q3 25 | $757.8M | $1.2B | ||
| Q2 25 | $585.3M | $1.6B | ||
| Q1 25 | $629.8M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.6B |
| Q4 25 | — | $39.5M | ||
| Q3 25 | $11.6M | $58.4M | ||
| Q2 25 | $446.0K | $53.0M | ||
| Q1 25 | $15.5M | — | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $67.0M | ||
| Q2 24 | — | $73.0M |
| Q4 25 | — | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 46.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | — | 5.4% | ||
| Q3 25 | 3.8% | 7.5% | ||
| Q2 25 | 0.7% | 5.5% | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 6.4% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | 1.5% | 4.7% | ||
| Q2 25 | 0.1% | 3.4% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 4.6% |
| Q4 25 | — | $0.19 | ||
| Q3 25 | $0.32 | $0.28 | ||
| Q2 25 | $0.01 | $0.25 | ||
| Q1 25 | $0.43 | — | ||
| Q4 24 | — | $0.31 | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | — | $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 | $184.2M | $12.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $864.6M | — |
| Total Assets | $2.5B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.7M | ||
| Q3 25 | $184.2M | $11.0M | ||
| Q2 25 | $338.2M | $7.3M | ||
| Q1 25 | $320.8M | — | ||
| Q4 24 | — | $15.0M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | $15.8M |
| 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 |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $864.6M | $1.4B | ||
| Q2 25 | $853.9M | $1.4B | ||
| Q1 25 | $847.2M | — | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.5B | $4.3B | ||
| Q2 25 | $2.5B | $4.3B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
| 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 | $-128.0M | $125.4M |
| Free Cash FlowOCF − Capex | $-144.1M | — |
| FCF MarginFCF / Revenue | -19.0% | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | -11.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $54.4M | ||
| Q3 25 | $-128.0M | $130.8M | ||
| Q2 25 | $40.3M | $135.6M | ||
| Q1 25 | $-48.6M | — | ||
| Q4 24 | — | $113.9M | ||
| Q3 24 | — | $63.3M | ||
| Q2 24 | — | $105.1M |
| Q4 25 | — | $30.4M | ||
| Q3 25 | $-144.1M | $100.0M | ||
| Q2 25 | $24.1M | $110.1M | ||
| Q1 25 | $-59.0M | — | ||
| Q4 24 | — | $88.6M | ||
| Q3 24 | — | $35.4M | ||
| Q2 24 | — | $71.8M |
| Q4 25 | — | 2.5% | ||
| Q3 25 | -19.0% | 8.0% | ||
| Q2 25 | 4.1% | 7.1% | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 4.6% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 2.1% | 2.5% | ||
| Q2 25 | 2.8% | 1.6% | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.1% |
| Q4 25 | — | 1.38× | ||
| Q3 25 | -11.04× | 2.24× | ||
| Q2 25 | 90.37× | 2.56× | ||
| Q1 25 | -3.13× | — | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
FLO
Segment breakdown not available.
