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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.0× FLOWERS FOODS INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 0.4%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% 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."
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
FLO vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | — | $108.7M |
| Gross Margin | — | — |
| Operating Margin | — | 3.8% |
| Net Margin | — | 8.7% |
| Revenue YoY | 11.0% | 0.4% |
| Net Profit YoY | — | -80.2% |
| EPS (diluted) | — | $24.76 |
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 | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $39.5M | $108.7M | ||
| Q3 25 | $58.4M | $122.9M | ||
| Q2 25 | $53.0M | $36.7M | ||
| Q1 25 | — | $23.9M | ||
| Q4 24 | $65.0M | $548.8M | ||
| Q3 24 | $67.0M | $72.5M | ||
| Q2 24 | $73.0M | $-21.0M | ||
| Q1 24 | — | $124.4M |
| Q4 25 | 5.4% | 3.8% | ||
| Q3 25 | 7.5% | 5.2% | ||
| Q2 25 | 5.5% | 6.0% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | 7.6% | 5.8% | ||
| Q3 24 | 7.8% | 6.8% | ||
| Q2 24 | 6.4% | 2.2% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 3.2% | 8.7% | ||
| Q3 25 | 4.7% | 9.6% | ||
| Q2 25 | 3.4% | 3.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 5.5% | 44.1% | ||
| Q3 24 | 5.5% | 6.0% | ||
| Q2 24 | 4.6% | -1.8% | ||
| Q1 24 | — | 10.8% |
| Q4 25 | $0.19 | $24.76 | ||
| Q3 25 | $0.28 | $27.91 | ||
| Q2 25 | $0.25 | $8.35 | ||
| Q1 25 | — | $5.45 | ||
| Q4 24 | $0.31 | $124.05 | ||
| Q3 24 | $0.32 | $16.42 | ||
| Q2 24 | $0.34 | $-4.79 | ||
| Q1 24 | — | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.8B |
| Total Assets | $4.2B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.7M | $267.0M | ||
| Q3 25 | $11.0M | $190.8M | ||
| Q2 25 | $7.3M | $176.2M | ||
| Q1 25 | — | $156.7M | ||
| Q4 24 | $15.0M | $260.9M | ||
| Q3 24 | $6.9M | $244.4M | ||
| Q2 24 | $15.8M | $140.7M | ||
| Q1 24 | — | $130.9M |
| 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 | — | — |
| Q4 25 | $1.4B | $4.8B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | $1.4B | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $1.4B | $4.3B | ||
| Q3 24 | $1.4B | $4.0B | ||
| Q2 24 | $1.4B | $4.0B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | $4.3B | $8.4B | ||
| Q3 25 | $4.3B | $7.9B | ||
| Q2 25 | $4.3B | $7.6B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $3.4B | $7.7B | ||
| Q3 24 | $3.4B | $7.4B | ||
| Q2 24 | $3.4B | $7.2B | ||
| Q1 24 | — | $7.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $125.4M | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.4M | $28.3M | ||
| Q3 25 | $130.8M | $178.1M | ||
| Q2 25 | $135.6M | $94.8M | ||
| Q1 25 | — | $46.0M | ||
| Q4 24 | $113.9M | $116.3M | ||
| Q3 24 | $63.3M | $237.6M | ||
| Q2 24 | $105.1M | $52.0M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | $30.4M | $5.0M | ||
| Q3 25 | $100.0M | $161.8M | ||
| Q2 25 | $110.1M | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | $88.6M | $91.1M | ||
| Q3 24 | $35.4M | $219.4M | ||
| Q2 24 | $71.8M | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | 2.5% | 0.4% | ||
| Q3 25 | 8.0% | 12.6% | ||
| Q2 25 | 7.1% | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 7.4% | 7.3% | ||
| Q3 24 | 2.9% | 18.2% | ||
| Q2 24 | 4.6% | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | 2.0% | 1.9% | ||
| Q3 25 | 2.5% | 1.3% | ||
| Q2 25 | 1.6% | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 2.1% | 2.0% | ||
| Q3 24 | 2.3% | 1.5% | ||
| Q2 24 | 2.1% | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 1.38× | 0.26× | ||
| Q3 25 | 2.24× | 1.45× | ||
| Q2 25 | 2.56× | 2.58× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | 1.75× | 0.21× | ||
| Q3 24 | 0.94× | 3.28× | ||
| Q2 24 | 1.44× | — | ||
| Q1 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLO
Segment breakdown not available.
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
