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Side-by-side financial comparison of ESAB Corp (ESAB) 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 $745.6M, roughly 1.7× ESAB Corp). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 9.9%). Over the past eight quarters, ESAB Corp's revenue compounded faster (4.0% CAGR vs -11.6%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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."
ESAB vs FLO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $745.6M | $1.2B |
| Net Profit | $49.2M | — |
| Gross Margin | 36.9% | — |
| Operating Margin | 12.1% | — |
| Net Margin | 6.6% | — |
| Revenue YoY | 9.9% | 11.0% |
| Net Profit YoY | -29.3% | — |
| EPS (diluted) | $0.78 | — |
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 | $745.6M | — | ||
| Q4 25 | $727.8M | $1.2B | ||
| Q3 25 | $715.6M | $1.2B | ||
| Q2 25 | $678.1M | $1.6B | ||
| Q4 24 | $670.8M | $1.2B | ||
| Q3 24 | $673.3M | $1.2B | ||
| Q2 24 | $707.1M | $1.6B | ||
| Q1 24 | $689.7M | — |
| Q1 26 | $49.2M | — | ||
| Q4 25 | $54.8M | $39.5M | ||
| Q3 25 | $66.9M | $58.4M | ||
| Q2 25 | $67.4M | $53.0M | ||
| Q4 24 | $53.7M | $65.0M | ||
| Q3 24 | $68.2M | $67.0M | ||
| Q2 24 | $82.9M | $73.0M | ||
| Q1 24 | $60.0M | — |
| Q1 26 | 36.9% | — | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q1 26 | 12.1% | — | ||
| Q4 25 | 14.6% | 5.4% | ||
| Q3 25 | 15.2% | 7.5% | ||
| Q2 25 | 16.2% | 5.5% | ||
| Q4 24 | 16.6% | 7.6% | ||
| Q3 24 | 15.7% | 7.8% | ||
| Q2 24 | 16.9% | 6.4% | ||
| Q1 24 | 16.0% | — |
| Q1 26 | 6.6% | — | ||
| Q4 25 | 7.5% | 3.2% | ||
| Q3 25 | 9.3% | 4.7% | ||
| Q2 25 | 9.9% | 3.4% | ||
| Q4 24 | 8.0% | 5.5% | ||
| Q3 24 | 10.1% | 5.5% | ||
| Q2 24 | 11.7% | 4.6% | ||
| Q1 24 | 8.7% | — |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.90 | $0.19 | ||
| Q3 25 | $1.09 | $0.28 | ||
| Q2 25 | $1.10 | $0.25 | ||
| Q4 24 | $0.87 | $0.31 | ||
| Q3 24 | $1.11 | $0.32 | ||
| Q2 24 | $1.35 | $0.34 | ||
| Q1 24 | $0.98 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $12.1M |
| Total DebtLower is stronger | $2.0B | — |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $5.6B | $4.2B |
| Debt / EquityLower = less leverage | 0.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $218.2M | $16.7M | ||
| Q3 25 | $258.2M | $11.0M | ||
| Q2 25 | $291.3M | $7.3M | ||
| Q4 24 | $249.4M | $15.0M | ||
| Q3 24 | $253.7M | $6.9M | ||
| Q2 24 | $228.5M | $15.8M | ||
| Q1 24 | $76.5M | — |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $992.8M | — |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $1.6B | — |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $4.9B | $4.3B | ||
| Q3 25 | $4.4B | $4.3B | ||
| Q2 25 | $4.2B | $4.3B | ||
| Q4 24 | $4.0B | $3.4B | ||
| Q3 24 | $4.1B | $3.4B | ||
| Q2 24 | $4.0B | $3.4B | ||
| Q1 24 | $3.8B | — |
| Q1 26 | 0.91× | — | ||
| Q4 25 | 0.63× | 1.25× | ||
| Q3 25 | 0.51× | 1.23× | ||
| Q2 25 | 0.55× | 1.26× | ||
| Q4 24 | 0.60× | 0.75× | ||
| Q3 24 | 0.59× | 0.77× | ||
| Q2 24 | 0.63× | 0.76× | ||
| Q1 24 | 0.61× | — |
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 | $46.9M | $125.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $46.9M | — | ||
| Q4 25 | $81.5M | $54.4M | ||
| Q3 25 | $46.6M | $130.8M | ||
| Q2 25 | $35.4M | $135.6M | ||
| Q4 24 | $126.9M | $113.9M | ||
| Q3 24 | $101.0M | $63.3M | ||
| Q2 24 | $83.0M | $105.1M | ||
| Q1 24 | $44.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | $30.4M | ||
| Q3 25 | $37.4M | $100.0M | ||
| Q2 25 | $28.1M | $110.1M | ||
| Q4 24 | $102.2M | $88.6M | ||
| Q3 24 | $90.4M | $35.4M | ||
| Q2 24 | $74.0M | $71.8M | ||
| Q1 24 | $37.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 2.5% | ||
| Q3 25 | 5.2% | 8.0% | ||
| Q2 25 | 4.1% | 7.1% | ||
| Q4 24 | 15.2% | 7.4% | ||
| Q3 24 | 13.4% | 2.9% | ||
| Q2 24 | 10.5% | 4.6% | ||
| Q1 24 | 5.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 2.0% | ||
| Q3 25 | 1.3% | 2.5% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q4 24 | 3.7% | 2.1% | ||
| Q3 24 | 1.6% | 2.3% | ||
| Q2 24 | 1.3% | 2.1% | ||
| Q1 24 | 1.1% | — |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 1.49× | 1.38× | ||
| Q3 25 | 0.70× | 2.24× | ||
| Q2 25 | 0.53× | 2.56× | ||
| Q4 24 | 2.36× | 1.75× | ||
| Q3 24 | 1.48× | 0.94× | ||
| Q2 24 | 1.00× | 1.44× | ||
| Q1 24 | 0.74× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
