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

Howmet Aerospace is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 1.9× FLOWERS FOODS INC). On growth, Howmet Aerospace posted the faster year-over-year revenue change (19.0% vs 11.0%). Over the past eight quarters, Howmet Aerospace's revenue compounded faster (10.9% 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."

Howmet Aerospace Inc. is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.

FLO vs HWM — Head-to-Head

Bigger by revenue
HWM
HWM
1.9× larger
HWM
$2.3B
$1.2B
FLO
Growing faster (revenue YoY)
HWM
HWM
+8.0% gap
HWM
19.0%
11.0%
FLO
Faster 2-yr revenue CAGR
HWM
HWM
Annualised
HWM
10.9%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLO
FLO
HWM
HWM
Revenue
$1.2B
$2.3B
Net Profit
$580.0M
Gross Margin
Operating Margin
32.6%
Net Margin
25.1%
Revenue YoY
11.0%
19.0%
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
FLO
FLO
HWM
HWM
Q1 26
$2.3B
Q4 25
$1.2B
$2.2B
Q3 25
$1.2B
$2.1B
Q2 25
$1.6B
$2.1B
Q1 25
$1.9B
Q4 24
$1.2B
$1.9B
Q3 24
$1.2B
$1.8B
Q2 24
$1.6B
$1.9B
Net Profit
FLO
FLO
HWM
HWM
Q1 26
$580.0M
Q4 25
$39.5M
$372.0M
Q3 25
$58.4M
$385.0M
Q2 25
$53.0M
$407.0M
Q1 25
$344.0M
Q4 24
$65.0M
$314.0M
Q3 24
$67.0M
$332.0M
Q2 24
$73.0M
$266.0M
Operating Margin
FLO
FLO
HWM
HWM
Q1 26
32.6%
Q4 25
5.4%
22.6%
Q3 25
7.5%
25.9%
Q2 25
5.5%
25.4%
Q1 25
25.4%
Q4 24
7.6%
23.5%
Q3 24
7.8%
22.9%
Q2 24
6.4%
21.2%
Net Margin
FLO
FLO
HWM
HWM
Q1 26
25.1%
Q4 25
3.2%
17.2%
Q3 25
4.7%
18.4%
Q2 25
3.4%
19.8%
Q1 25
17.7%
Q4 24
5.5%
16.6%
Q3 24
5.5%
18.1%
Q2 24
4.6%
14.1%
EPS (diluted)
FLO
FLO
HWM
HWM
Q1 26
Q4 25
$0.19
$0.92
Q3 25
$0.28
$0.95
Q2 25
$0.25
$1.00
Q1 25
$0.84
Q4 24
$0.31
$0.76
Q3 24
$0.32
$0.81
Q2 24
$0.34
$0.65

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
HWM
HWM
Cash + ST InvestmentsLiquidity on hand
$12.1M
$2.4M
Total DebtLower is stronger
$450.0K
Stockholders' EquityBook value
$5.5M
Total Assets
$4.2B
$13.1M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
HWM
HWM
Q1 26
$2.4M
Q4 25
$16.7M
$742.0M
Q3 25
$11.0M
$659.0M
Q2 25
$7.3M
$545.0M
Q1 25
$536.0M
Q4 24
$15.0M
$564.0M
Q3 24
$6.9M
$475.0M
Q2 24
$15.8M
$752.0M
Total Debt
FLO
FLO
HWM
HWM
Q1 26
$450.0K
Q4 25
$1.8B
$3.0B
Q3 25
$1.7B
$3.2B
Q2 25
$1.8B
$3.3B
Q1 25
$3.3B
Q4 24
$1.1B
$3.3B
Q3 24
$1.1B
$3.4B
Q2 24
$1.0B
$3.7B
Stockholders' Equity
FLO
FLO
HWM
HWM
Q1 26
$5.5M
Q4 25
$1.4B
$5.4B
Q3 25
$1.4B
$5.1B
Q2 25
$1.4B
$5.0B
Q1 25
$4.8B
Q4 24
$1.4B
$4.6B
Q3 24
$1.4B
$4.5B
Q2 24
$1.4B
$4.3B
Total Assets
FLO
FLO
HWM
HWM
Q1 26
$13.1M
Q4 25
$4.3B
$11.2B
Q3 25
$4.3B
$11.2B
Q2 25
$4.3B
$11.0B
Q1 25
$10.8B
Q4 24
$3.4B
$10.5B
Q3 24
$3.4B
$10.6B
Q2 24
$3.4B
$10.7B
Debt / Equity
FLO
FLO
HWM
HWM
Q1 26
0.08×
Q4 25
1.25×
0.57×
Q3 25
1.23×
0.62×
Q2 25
1.26×
0.65×
Q1 25
0.69×
Q4 24
0.75×
0.73×
Q3 24
0.77×
0.75×
Q2 24
0.76×
0.86×

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
HWM
HWM
Operating Cash FlowLast quarter
$125.4M
Free Cash FlowOCF − Capex
$359.0M
FCF MarginFCF / Revenue
15.5%
Capex IntensityCapex / Revenue
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
HWM
HWM
Q1 26
Q4 25
$54.4M
$654.0M
Q3 25
$130.8M
$531.0M
Q2 25
$135.6M
$446.0M
Q1 25
$253.0M
Q4 24
$113.9M
$480.0M
Q3 24
$63.3M
$244.0M
Q2 24
$105.1M
$397.0M
Free Cash Flow
FLO
FLO
HWM
HWM
Q1 26
$359.0M
Q4 25
$30.4M
$530.0M
Q3 25
$100.0M
$423.0M
Q2 25
$110.1M
$344.0M
Q1 25
$134.0M
Q4 24
$88.6M
$378.0M
Q3 24
$35.4M
$162.0M
Q2 24
$71.8M
$342.0M
FCF Margin
FLO
FLO
HWM
HWM
Q1 26
15.5%
Q4 25
2.5%
24.4%
Q3 25
8.0%
20.2%
Q2 25
7.1%
16.8%
Q1 25
6.9%
Q4 24
7.4%
20.0%
Q3 24
2.9%
8.8%
Q2 24
4.6%
18.2%
Capex Intensity
FLO
FLO
HWM
HWM
Q1 26
9.3%
Q4 25
2.0%
5.7%
Q3 25
2.5%
5.2%
Q2 25
1.6%
5.0%
Q1 25
6.1%
Q4 24
2.1%
5.4%
Q3 24
2.3%
4.5%
Q2 24
2.1%
2.9%
Cash Conversion
FLO
FLO
HWM
HWM
Q1 26
Q4 25
1.38×
1.76×
Q3 25
2.24×
1.38×
Q2 25
2.56×
1.10×
Q1 25
0.74×
Q4 24
1.75×
1.53×
Q3 24
0.94×
0.73×
Q2 24
1.44×
1.49×

Financial Flow Comparison

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

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