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Side-by-side financial comparison of Diversified Energy Co (DEC) 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 $666.5M, roughly 1.8× Diversified Energy Co).

DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.

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."

DEC vs FLO — Head-to-Head

Bigger by revenue
FLO
FLO
1.8× larger
FLO
$1.2B
$666.5M
DEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DEC
DEC
FLO
FLO
Revenue
$666.5M
$1.2B
Net Profit
$195.5M
Gross Margin
Operating Margin
37.6%
Net Margin
29.3%
Revenue YoY
11.0%
Net Profit YoY
EPS (diluted)

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
DEC
DEC
FLO
FLO
Q4 25
$666.5M
$1.2B
Q3 25
$499.8M
$1.2B
Q2 25
$600.3M
$1.6B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.6B
Net Profit
DEC
DEC
FLO
FLO
Q4 25
$195.5M
$39.5M
Q3 25
$171.1M
$58.4M
Q2 25
$297.7M
$53.0M
Q4 24
$65.0M
Q3 24
$67.0M
Q2 24
$73.0M
Gross Margin
DEC
DEC
FLO
FLO
Q4 25
Q3 25
Q2 25
44.7%
Q4 24
Q3 24
Q2 24
Operating Margin
DEC
DEC
FLO
FLO
Q4 25
37.6%
5.4%
Q3 25
36.2%
7.5%
Q2 25
48.5%
5.5%
Q4 24
7.6%
Q3 24
7.8%
Q2 24
6.4%
Net Margin
DEC
DEC
FLO
FLO
Q4 25
29.3%
3.2%
Q3 25
34.2%
4.7%
Q2 25
49.6%
3.4%
Q4 24
5.5%
Q3 24
5.5%
Q2 24
4.6%
EPS (diluted)
DEC
DEC
FLO
FLO
Q4 25
$0.19
Q3 25
$2.14
$0.28
Q2 25
$3.67
$0.25
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
DEC
DEC
FLO
FLO
Cash + ST InvestmentsLiquidity on hand
$29.7M
$12.1M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$984.1M
Total Assets
$6.2B
$4.2B
Debt / EquityLower = less leverage
2.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DEC
DEC
FLO
FLO
Q4 25
$29.7M
$16.7M
Q3 25
$11.0M
Q2 25
$23.7M
$7.3M
Q4 24
$15.0M
Q3 24
$6.9M
Q2 24
$15.8M
Total Debt
DEC
DEC
FLO
FLO
Q4 25
$2.7B
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Stockholders' Equity
DEC
DEC
FLO
FLO
Q4 25
$984.1M
$1.4B
Q3 25
$1.4B
Q2 25
$727.7M
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Total Assets
DEC
DEC
FLO
FLO
Q4 25
$6.2B
$4.3B
Q3 25
$4.3B
Q2 25
$5.7B
$4.3B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$3.4B
Debt / Equity
DEC
DEC
FLO
FLO
Q4 25
2.76×
1.25×
Q3 25
1.23×
Q2 25
1.26×
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
DEC
DEC
FLO
FLO
Operating Cash FlowLast quarter
$464.6M
$125.4M
Free Cash FlowOCF − Capex
$280.0M
FCF MarginFCF / Revenue
42.0%
Capex IntensityCapex / Revenue
27.7%
Cash ConversionOCF / Net Profit
2.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DEC
DEC
FLO
FLO
Q4 25
$464.6M
$54.4M
Q3 25
$130.8M
Q2 25
$264.1M
$135.6M
Q4 24
$113.9M
Q3 24
$63.3M
Q2 24
$105.1M
Free Cash Flow
DEC
DEC
FLO
FLO
Q4 25
$280.0M
$30.4M
Q3 25
$100.0M
Q2 25
$110.1M
Q4 24
$88.6M
Q3 24
$35.4M
Q2 24
$71.8M
FCF Margin
DEC
DEC
FLO
FLO
Q4 25
42.0%
2.5%
Q3 25
8.0%
Q2 25
7.1%
Q4 24
7.4%
Q3 24
2.9%
Q2 24
4.6%
Capex Intensity
DEC
DEC
FLO
FLO
Q4 25
27.7%
2.0%
Q3 25
2.5%
Q2 25
1.6%
Q4 24
2.1%
Q3 24
2.3%
Q2 24
2.1%
Cash Conversion
DEC
DEC
FLO
FLO
Q4 25
2.38×
1.38×
Q3 25
2.24×
Q2 25
0.89×
2.56×
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.

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