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

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $827.0M, roughly 1.5× Loews Corporation). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 4.8%). Over the past eight quarters, Loews Corporation's revenue compounded faster (7.9% 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."

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

FLO vs L — Head-to-Head

Bigger by revenue
FLO
FLO
1.5× larger
FLO
$1.2B
$827.0M
L
Growing faster (revenue YoY)
FLO
FLO
+6.1% gap
FLO
11.0%
4.8%
L
Faster 2-yr revenue CAGR
L
L
Annualised
L
7.9%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLO
FLO
L
L
Revenue
$1.2B
$827.0M
Net Profit
$402.0M
Gross Margin
Operating Margin
65.4%
Net Margin
48.6%
Revenue YoY
11.0%
4.8%
Net Profit YoY
115.0%
EPS (diluted)
$1.93

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
L
L
Q4 25
$1.2B
$827.0M
Q3 25
$1.2B
$732.0M
Q2 25
$1.6B
$769.0M
Q1 25
$846.0M
Q4 24
$1.2B
$789.0M
Q3 24
$1.2B
$683.0M
Q2 24
$1.6B
$711.0M
Q1 24
$710.0M
Net Profit
FLO
FLO
L
L
Q4 25
$39.5M
$402.0M
Q3 25
$58.4M
$504.0M
Q2 25
$53.0M
$391.0M
Q1 25
$370.0M
Q4 24
$65.0M
$187.0M
Q3 24
$67.0M
$401.0M
Q2 24
$73.0M
$369.0M
Q1 24
$457.0M
Operating Margin
FLO
FLO
L
L
Q4 25
5.4%
65.4%
Q3 25
7.5%
94.1%
Q2 25
5.5%
70.1%
Q1 25
60.8%
Q4 24
7.6%
23.8%
Q3 24
7.8%
80.5%
Q2 24
6.4%
71.3%
Q1 24
88.6%
Net Margin
FLO
FLO
L
L
Q4 25
3.2%
48.6%
Q3 25
4.7%
68.9%
Q2 25
3.4%
50.8%
Q1 25
43.7%
Q4 24
5.5%
23.7%
Q3 24
5.5%
58.7%
Q2 24
4.6%
51.9%
Q1 24
64.4%
EPS (diluted)
FLO
FLO
L
L
Q4 25
$0.19
$1.93
Q3 25
$0.28
$2.43
Q2 25
$0.25
$1.87
Q1 25
$1.74
Q4 24
$0.31
$0.87
Q3 24
$0.32
$1.82
Q2 24
$0.34
$1.67
Q1 24
$2.05

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
L
L
Cash + ST InvestmentsLiquidity on hand
$12.1M
$6.0B
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$18.7B
Total Assets
$4.2B
$86.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
L
L
Q4 25
$16.7M
$6.0B
Q3 25
$11.0M
$5.4B
Q2 25
$7.3M
$4.5B
Q1 25
$4.4B
Q4 24
$15.0M
$4.6B
Q3 24
$6.9M
$5.2B
Q2 24
$15.8M
$4.9B
Q1 24
$5.4B
Total Debt
FLO
FLO
L
L
Q4 25
$1.8B
$8.4B
Q3 25
$1.7B
$8.4B
Q2 25
$1.8B
$7.9B
Q1 25
$8.4B
Q4 24
$1.1B
$8.9B
Q3 24
$1.1B
$8.8B
Q2 24
$1.0B
$8.6B
Q1 24
$8.4B
Stockholders' Equity
FLO
FLO
L
L
Q4 25
$1.4B
$18.7B
Q3 25
$1.4B
$18.3B
Q2 25
$1.4B
$17.5B
Q1 25
$17.2B
Q4 24
$1.4B
$17.1B
Q3 24
$1.4B
$17.4B
Q2 24
$1.4B
$16.4B
Q1 24
$16.2B
Total Assets
FLO
FLO
L
L
Q4 25
$4.3B
$86.3B
Q3 25
$4.3B
$85.9B
Q2 25
$4.3B
$84.7B
Q1 25
$83.1B
Q4 24
$3.4B
$81.9B
Q3 24
$3.4B
$83.6B
Q2 24
$3.4B
$81.1B
Q1 24
$80.9B
Debt / Equity
FLO
FLO
L
L
Q4 25
1.25×
0.45×
Q3 25
1.23×
0.46×
Q2 25
1.26×
0.45×
Q1 25
0.49×
Q4 24
0.75×
0.52×
Q3 24
0.77×
0.51×
Q2 24
0.76×
0.52×
Q1 24
0.52×

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
L
L
Operating Cash FlowLast quarter
$125.4M
$617.0M
Free Cash FlowOCF − Capex
$426.0M
FCF MarginFCF / Revenue
51.5%
Capex IntensityCapex / Revenue
23.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$2.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
L
L
Q4 25
$54.4M
$617.0M
Q3 25
$130.8M
$920.0M
Q2 25
$135.6M
$1.0B
Q1 25
$736.0M
Q4 24
$113.9M
$941.0M
Q3 24
$63.3M
$934.0M
Q2 24
$105.1M
$952.0M
Q1 24
$198.0M
Free Cash Flow
FLO
FLO
L
L
Q4 25
$30.4M
$426.0M
Q3 25
$100.0M
$764.0M
Q2 25
$110.1M
$872.0M
Q1 25
$638.0M
Q4 24
$88.6M
$767.0M
Q3 24
$35.4M
$794.0M
Q2 24
$71.8M
$793.0M
Q1 24
$39.0M
FCF Margin
FLO
FLO
L
L
Q4 25
2.5%
51.5%
Q3 25
8.0%
104.4%
Q2 25
7.1%
113.4%
Q1 25
75.4%
Q4 24
7.4%
97.2%
Q3 24
2.9%
116.3%
Q2 24
4.6%
111.5%
Q1 24
5.5%
Capex Intensity
FLO
FLO
L
L
Q4 25
2.0%
23.1%
Q3 25
2.5%
21.3%
Q2 25
1.6%
17.4%
Q1 25
11.6%
Q4 24
2.1%
22.1%
Q3 24
2.3%
20.5%
Q2 24
2.1%
22.4%
Q1 24
22.4%
Cash Conversion
FLO
FLO
L
L
Q4 25
1.38×
1.53×
Q3 25
2.24×
1.83×
Q2 25
2.56×
2.57×
Q1 25
1.99×
Q4 24
1.75×
5.03×
Q3 24
0.94×
2.33×
Q2 24
1.44×
2.58×
Q1 24
0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

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