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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and Fabrinet (FN). Click either name above to swap in a different company.

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× Fabrinet). On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 11.0%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -11.6%).

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."

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

FLO vs FN — Head-to-Head

Bigger by revenue
FLO
FLO
1.1× larger
FLO
$1.2B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+24.9% gap
FN
35.9%
11.0%
FLO
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FLO
FLO
FN
FN
Revenue
$1.2B
$1.1B
Net Profit
$112.6M
Gross Margin
12.2%
Operating Margin
10.1%
Net Margin
9.9%
Revenue YoY
11.0%
35.9%
Net Profit YoY
30.0%
EPS (diluted)
$3.11

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
FLO
FLO
FN
FN
Q4 25
$1.2B
$1.1B
Q3 25
$1.2B
$978.1M
Q2 25
$1.6B
$909.7M
Q1 25
$871.8M
Q4 24
$1.2B
$833.6M
Q3 24
$1.2B
$804.2M
Q2 24
$1.6B
$753.3M
Q1 24
$731.5M
Net Profit
FLO
FLO
FN
FN
Q4 25
$39.5M
$112.6M
Q3 25
$58.4M
$95.9M
Q2 25
$53.0M
$87.2M
Q1 25
$81.3M
Q4 24
$65.0M
$86.6M
Q3 24
$67.0M
$77.4M
Q2 24
$73.0M
$81.1M
Q1 24
$80.9M
Gross Margin
FLO
FLO
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
FLO
FLO
FN
FN
Q4 25
5.4%
10.1%
Q3 25
7.5%
9.6%
Q2 25
5.5%
9.8%
Q1 25
9.0%
Q4 24
7.6%
9.5%
Q3 24
7.8%
9.6%
Q2 24
6.4%
9.7%
Q1 24
9.7%
Net Margin
FLO
FLO
FN
FN
Q4 25
3.2%
9.9%
Q3 25
4.7%
9.8%
Q2 25
3.4%
9.6%
Q1 25
9.3%
Q4 24
5.5%
10.4%
Q3 24
5.5%
9.6%
Q2 24
4.6%
10.8%
Q1 24
11.1%
EPS (diluted)
FLO
FLO
FN
FN
Q4 25
$0.19
$3.11
Q3 25
$0.28
$2.66
Q2 25
$0.25
$2.41
Q1 25
$2.25
Q4 24
$0.31
$2.38
Q3 24
$0.32
$2.13
Q2 24
$0.34
$2.22
Q1 24
$2.21

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
FN
FN
Cash + ST InvestmentsLiquidity on hand
$12.1M
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$4.2B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
FN
FN
Q4 25
$16.7M
$960.8M
Q3 25
$11.0M
$968.8M
Q2 25
$7.3M
$934.2M
Q1 25
$950.7M
Q4 24
$15.0M
$934.6M
Q3 24
$6.9M
$908.9M
Q2 24
$15.8M
$858.6M
Q1 24
$794.0M
Total Debt
FLO
FLO
FN
FN
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
FLO
FLO
FN
FN
Q4 25
$1.4B
$2.2B
Q3 25
$1.4B
$2.1B
Q2 25
$1.4B
$2.0B
Q1 25
$1.9B
Q4 24
$1.4B
$1.8B
Q3 24
$1.4B
$1.8B
Q2 24
$1.4B
$1.7B
Q1 24
$1.7B
Total Assets
FLO
FLO
FN
FN
Q4 25
$4.3B
$3.3B
Q3 25
$4.3B
$3.0B
Q2 25
$4.3B
$2.8B
Q1 25
$2.6B
Q4 24
$3.4B
$2.5B
Q3 24
$3.4B
$2.4B
Q2 24
$3.4B
$2.3B
Q1 24
$2.2B
Debt / Equity
FLO
FLO
FN
FN
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
FLO
FLO
FN
FN
Operating Cash FlowLast quarter
$125.4M
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
FN
FN
Q4 25
$54.4M
$46.3M
Q3 25
$130.8M
$102.6M
Q2 25
$135.6M
$55.1M
Q1 25
$74.2M
Q4 24
$113.9M
$115.9M
Q3 24
$63.3M
$83.2M
Q2 24
$105.1M
$83.1M
Q1 24
$100.9M
Free Cash Flow
FLO
FLO
FN
FN
Q4 25
$30.4M
$-5.3M
Q3 25
$100.0M
$57.3M
Q2 25
$110.1M
$4.7M
Q1 25
$45.7M
Q4 24
$88.6M
$94.0M
Q3 24
$35.4M
$62.9M
Q2 24
$71.8M
$70.4M
Q1 24
$87.3M
FCF Margin
FLO
FLO
FN
FN
Q4 25
2.5%
-0.5%
Q3 25
8.0%
5.9%
Q2 25
7.1%
0.5%
Q1 25
5.2%
Q4 24
7.4%
11.3%
Q3 24
2.9%
7.8%
Q2 24
4.6%
9.3%
Q1 24
11.9%
Capex Intensity
FLO
FLO
FN
FN
Q4 25
2.0%
4.6%
Q3 25
2.5%
4.6%
Q2 25
1.6%
5.5%
Q1 25
3.3%
Q4 24
2.1%
2.6%
Q3 24
2.3%
2.5%
Q2 24
2.1%
1.7%
Q1 24
1.9%
Cash Conversion
FLO
FLO
FN
FN
Q4 25
1.38×
0.41×
Q3 25
2.24×
1.07×
Q2 25
2.56×
0.63×
Q1 25
0.91×
Q4 24
1.75×
1.34×
Q3 24
0.94×
1.07×
Q2 24
1.44×
1.02×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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