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

INGLES MARKETS INC is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× FLOWERS FOODS INC). On growth, INGLES MARKETS INC posted the faster year-over-year revenue change (6.6% vs -75.8%). Over the past eight quarters, INGLES MARKETS INC's revenue compounded faster (0.2% 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."

Ingles Markets, Inc. is an American supermarket chain based in Black Mountain, North Carolina. As of September 2021, the company operates 198 supermarkets in the Appalachian region of the Southeastern United States. The company is listed on the NASDAQ under the ticker symbol IMKTA and is part of the Global Select Market tier of trading.

FLO vs IMKTA — Head-to-Head

Bigger by revenue
IMKTA
IMKTA
1.1× larger
IMKTA
$1.4B
$1.2B
FLO
Growing faster (revenue YoY)
IMKTA
IMKTA
+82.4% gap
IMKTA
6.6%
-75.8%
FLO
Faster 2-yr revenue CAGR
IMKTA
IMKTA
Annualised
IMKTA
0.2%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLO
FLO
IMKTA
IMKTA
Revenue
$1.2B
$1.4B
Net Profit
$28.1M
Gross Margin
24.4%
Operating Margin
2.9%
Net Margin
2.0%
Revenue YoY
-75.8%
6.6%
Net Profit YoY
69.6%
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
IMKTA
IMKTA
Q4 25
$1.2B
$1.4B
Q3 25
$1.2B
$1.4B
Q2 25
$1.6B
$1.3B
Q1 25
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.2B
$1.4B
Q2 24
$1.6B
$1.4B
Q1 24
$1.4B
Net Profit
FLO
FLO
IMKTA
IMKTA
Q4 25
$39.5M
$28.1M
Q3 25
$58.4M
$25.7M
Q2 25
$53.0M
$26.2M
Q1 25
$15.1M
Q4 24
$65.0M
$16.6M
Q3 24
$67.0M
$-1.5M
Q2 24
$73.0M
$31.7M
Q1 24
$31.9M
Gross Margin
FLO
FLO
IMKTA
IMKTA
Q4 25
24.4%
Q3 25
24.5%
Q2 25
24.3%
Q1 25
23.4%
Q4 24
23.4%
Q3 24
21.4%
Q2 24
23.7%
Q1 24
23.5%
Operating Margin
FLO
FLO
IMKTA
IMKTA
Q4 25
5.4%
2.9%
Q3 25
7.5%
2.6%
Q2 25
5.5%
2.8%
Q1 25
1.6%
Q4 24
7.6%
1.8%
Q3 24
7.8%
-0.1%
Q2 24
6.4%
3.2%
Q1 24
3.3%
Net Margin
FLO
FLO
IMKTA
IMKTA
Q4 25
3.2%
2.0%
Q3 25
4.7%
1.9%
Q2 25
3.4%
1.9%
Q1 25
1.1%
Q4 24
5.5%
1.3%
Q3 24
5.5%
-0.1%
Q2 24
4.6%
2.3%
Q1 24
2.3%
EPS (diluted)
FLO
FLO
IMKTA
IMKTA
Q4 25
$0.19
Q3 25
$0.28
Q2 25
$0.25
Q1 25
Q4 24
$0.31
Q3 24
$0.32
Q2 24
$0.34
Q1 24

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
IMKTA
IMKTA
Cash + ST InvestmentsLiquidity on hand
$12.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.6B
Total Assets
$4.2B
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
IMKTA
IMKTA
Q4 25
$16.7M
Q3 25
$11.0M
Q2 25
$7.3M
Q1 25
Q4 24
$15.0M
Q3 24
$6.9M
Q2 24
$15.8M
Q1 24
Total Debt
FLO
FLO
IMKTA
IMKTA
Q4 25
$1.8B
Q3 25
$1.7B
$514.8M
Q2 25
$1.8B
Q1 25
Q4 24
$1.1B
Q3 24
$1.1B
$532.6M
Q2 24
$1.0B
Q1 24
Stockholders' Equity
FLO
FLO
IMKTA
IMKTA
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$1.6B
Q4 24
$1.4B
$1.6B
Q3 24
$1.4B
$1.5B
Q2 24
$1.4B
$1.6B
Q1 24
$1.5B
Total Assets
FLO
FLO
IMKTA
IMKTA
Q4 25
$4.3B
$2.6B
Q3 25
$4.3B
$2.6B
Q2 25
$4.3B
$2.5B
Q1 25
$2.5B
Q4 24
$3.4B
$2.5B
Q3 24
$3.4B
$2.5B
Q2 24
$3.4B
$2.5B
Q1 24
$2.5B
Debt / Equity
FLO
FLO
IMKTA
IMKTA
Q4 25
1.25×
Q3 25
1.23×
0.32×
Q2 25
1.26×
Q1 25
Q4 24
0.75×
Q3 24
0.77×
0.34×
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
IMKTA
IMKTA
Operating Cash FlowLast quarter
$125.4M
$38.4M
Free Cash FlowOCF − Capex
$2.1M
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
1.37×
TTM Free Cash FlowTrailing 4 quarters
$123.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
IMKTA
IMKTA
Q4 25
$54.4M
$38.4M
Q3 25
$130.8M
$59.9M
Q2 25
$135.6M
$74.8M
Q1 25
$63.1M
Q4 24
$113.9M
$-43.6M
Q3 24
$63.3M
$73.3M
Q2 24
$105.1M
$103.3M
Q1 24
$70.4M
Free Cash Flow
FLO
FLO
IMKTA
IMKTA
Q4 25
$30.4M
$2.1M
Q3 25
$100.0M
$36.8M
Q2 25
$110.1M
$45.4M
Q1 25
$38.9M
Q4 24
$88.6M
$-81.4M
Q3 24
$35.4M
$5.4M
Q2 24
$71.8M
$58.6M
Q1 24
$35.3M
FCF Margin
FLO
FLO
IMKTA
IMKTA
Q4 25
2.5%
0.1%
Q3 25
8.0%
2.7%
Q2 25
7.1%
3.4%
Q1 25
2.9%
Q4 24
7.4%
-6.3%
Q3 24
2.9%
0.4%
Q2 24
4.6%
4.2%
Q1 24
2.6%
Capex Intensity
FLO
FLO
IMKTA
IMKTA
Q4 25
2.0%
2.6%
Q3 25
2.5%
1.7%
Q2 25
1.6%
2.2%
Q1 25
1.8%
Q4 24
2.1%
2.9%
Q3 24
2.3%
4.9%
Q2 24
2.1%
3.2%
Q1 24
2.6%
Cash Conversion
FLO
FLO
IMKTA
IMKTA
Q4 25
1.38×
1.37×
Q3 25
2.24×
2.33×
Q2 25
2.56×
2.85×
Q1 25
4.17×
Q4 24
1.75×
-2.63×
Q3 24
0.94×
Q2 24
1.44×
3.26×
Q1 24
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

IMKTA
IMKTA

Grocery$502.1M37%
Perishables$359.7M26%
Non Foods$305.5M22%
Gasoline$152.1M11%
Other$53.6M4%

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