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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $792.0M, roughly 1.6× Global Business Travel Group, Inc.). On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 11.0%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% 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."
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
FLO vs GBTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $792.0M |
| Net Profit | — | $83.0M |
| Gross Margin | — | — |
| Operating Margin | — | 3.7% |
| Net Margin | — | 10.5% |
| Revenue YoY | 11.0% | 34.0% |
| Net Profit YoY | — | 692.9% |
| EPS (diluted) | — | $0.16 |
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 | $792.0M | ||
| Q3 25 | $1.2B | $674.0M | ||
| Q2 25 | $1.6B | $631.0M | ||
| Q1 25 | — | $621.0M | ||
| Q4 24 | $1.2B | $591.0M | ||
| Q3 24 | $1.2B | $597.0M | ||
| Q2 24 | $1.6B | $625.0M | ||
| Q1 24 | — | $610.0M |
| Q4 25 | $39.5M | $83.0M | ||
| Q3 25 | $58.4M | $-62.0M | ||
| Q2 25 | $53.0M | $15.0M | ||
| Q1 25 | — | $75.0M | ||
| Q4 24 | $65.0M | $-14.0M | ||
| Q3 24 | $67.0M | $-128.0M | ||
| Q2 24 | $73.0M | $27.0M | ||
| Q1 24 | — | $-19.0M |
| Q4 25 | 5.4% | 3.7% | ||
| Q3 25 | 7.5% | 1.8% | ||
| Q2 25 | 5.5% | 5.4% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | 7.6% | 5.1% | ||
| Q3 24 | 7.8% | 4.5% | ||
| Q2 24 | 6.4% | 6.7% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | 3.2% | 10.5% | ||
| Q3 25 | 4.7% | -9.2% | ||
| Q2 25 | 3.4% | 2.4% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | 5.5% | -2.4% | ||
| Q3 24 | 5.5% | -21.4% | ||
| Q2 24 | 4.6% | 4.3% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | $0.19 | $0.16 | ||
| Q3 25 | $0.28 | $-0.13 | ||
| Q2 25 | $0.25 | $0.03 | ||
| Q1 25 | — | $0.16 | ||
| Q4 24 | $0.31 | $-0.04 | ||
| Q3 24 | $0.32 | $-0.28 | ||
| Q2 24 | $0.34 | $0.06 | ||
| Q1 24 | — | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.1M | $434.0M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | — | $1.6B |
| Total Assets | $4.2B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.7M | $434.0M | ||
| Q3 25 | $11.0M | $427.0M | ||
| Q2 25 | $7.3M | $601.0M | ||
| Q1 25 | — | $552.0M | ||
| Q4 24 | $15.0M | $536.0M | ||
| Q3 24 | $6.9M | $524.0M | ||
| Q2 24 | $15.8M | $515.0M | ||
| Q1 24 | — | $475.0M |
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $4.3B | $4.9B | ||
| Q3 25 | $4.3B | $4.8B | ||
| Q2 25 | $4.3B | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $3.4B | $3.6B | ||
| Q3 24 | $3.4B | $3.8B | ||
| Q2 24 | $3.4B | $3.8B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | 1.25× | 0.88× | ||
| Q3 25 | 1.23× | 0.91× | ||
| Q2 25 | 1.26× | 1.15× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 0.75× | 1.32× | ||
| Q3 24 | 0.77× | 1.26× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $125.4M | $52.0M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.4M | $52.0M | ||
| Q3 25 | $130.8M | $71.0M | ||
| Q2 25 | $135.6M | $57.0M | ||
| Q1 25 | — | $53.0M | ||
| Q4 24 | $113.9M | $65.0M | ||
| Q3 24 | $63.3M | $85.0M | ||
| Q2 24 | $105.1M | $73.0M | ||
| Q1 24 | — | $49.0M |
| Q4 25 | $30.4M | $13.0M | ||
| Q3 25 | $100.0M | $38.0M | ||
| Q2 25 | $110.1M | $27.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | $88.6M | $33.0M | ||
| Q3 24 | $35.4M | $59.0M | ||
| Q2 24 | $71.8M | $49.0M | ||
| Q1 24 | — | $24.0M |
| Q4 25 | 2.5% | 1.6% | ||
| Q3 25 | 8.0% | 5.6% | ||
| Q2 25 | 7.1% | 4.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 7.4% | 5.6% | ||
| Q3 24 | 2.9% | 9.9% | ||
| Q2 24 | 4.6% | 7.8% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | 2.0% | 4.9% | ||
| Q3 25 | 2.5% | 4.9% | ||
| Q2 25 | 1.6% | 4.8% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | 2.1% | 5.4% | ||
| Q3 24 | 2.3% | 4.4% | ||
| Q2 24 | 2.1% | 3.8% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | 1.38× | 0.63× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 2.56× | 3.80× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 1.44× | 2.70× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLO
Segment breakdown not available.
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
