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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Liberty Energy Inc.). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 4.5%). Over the past eight quarters, Liberty Energy Inc.'s revenue compounded faster (-6.2% 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."
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
FLO vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | — | $22.6M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | — | 2.2% |
| Revenue YoY | 11.0% | 4.5% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $947.4M | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | — | $977.5M | ||
| Q4 24 | $1.2B | $943.6M | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $39.5M | $13.7M | ||
| Q3 25 | $58.4M | $43.1M | ||
| Q2 25 | $53.0M | $71.0M | ||
| Q1 25 | — | $20.1M | ||
| Q4 24 | $65.0M | $51.9M | ||
| Q3 24 | $67.0M | $73.8M | ||
| Q2 24 | $73.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 5.4% | 1.9% | ||
| Q3 25 | 7.5% | -0.3% | ||
| Q2 25 | 5.5% | 3.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 7.6% | 2.6% | ||
| Q3 24 | 7.8% | 9.4% | ||
| Q2 24 | 6.4% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 3.2% | 1.3% | ||
| Q3 25 | 4.7% | 4.5% | ||
| Q2 25 | 3.4% | 6.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 5.5% | 5.5% | ||
| Q3 24 | 5.5% | 6.5% | ||
| Q2 24 | 4.6% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.19 | $0.08 | ||
| Q3 25 | $0.28 | $0.26 | ||
| Q2 25 | $0.25 | $0.43 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | $0.31 | $0.31 | ||
| Q3 24 | $0.32 | $0.44 | ||
| Q2 24 | $0.34 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | $4.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $16.7M | $27.6M | ||
| Q3 25 | $11.0M | $13.5M | ||
| Q2 25 | $7.3M | $19.6M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | $15.0M | $20.0M | ||
| Q3 24 | $6.9M | $23.0M | ||
| Q2 24 | $15.8M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.8B | $246.6M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $190.5M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.3B | $3.6B | ||
| Q3 25 | $4.3B | $3.5B | ||
| Q2 25 | $4.3B | $3.4B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $3.4B | $3.3B | ||
| Q3 24 | $3.4B | $3.3B | ||
| Q2 24 | $3.4B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.25× | 0.12× | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | 0.10× | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $54.4M | $195.4M | ||
| Q3 25 | $130.8M | $51.5M | ||
| Q2 25 | $135.6M | $170.6M | ||
| Q1 25 | — | $192.1M | ||
| Q4 24 | $113.9M | $177.3M | ||
| Q3 24 | $63.3M | $244.5M | ||
| Q2 24 | $105.1M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $30.4M | $-10.0M | ||
| Q3 25 | $100.0M | $-67.2M | ||
| Q2 25 | $110.1M | $33.1M | ||
| Q1 25 | — | $58.2M | ||
| Q4 24 | $88.6M | $-26.2M | ||
| Q3 24 | $35.4M | $77.9M | ||
| Q2 24 | $71.8M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | -1.0% | ||
| Q3 25 | 8.0% | -7.1% | ||
| Q2 25 | 7.1% | 3.2% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | 7.4% | -2.8% | ||
| Q3 24 | 2.9% | 6.8% | ||
| Q2 24 | 4.6% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 2.0% | 19.8% | ||
| Q3 25 | 2.5% | 12.5% | ||
| Q2 25 | 1.6% | 13.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | 2.1% | 21.6% | ||
| Q3 24 | 2.3% | 14.6% | ||
| Q2 24 | 2.1% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.38× | 14.28× | ||
| Q3 25 | 2.24× | 1.20× | ||
| Q2 25 | 2.56× | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | 1.75× | 3.42× | ||
| Q3 24 | 0.94× | 3.31× | ||
| Q2 24 | 1.44× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
