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

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $932.7M, roughly 1.3× LCI INDUSTRIES). On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 11.0%). Over the past eight quarters, LCI INDUSTRIES's revenue compounded faster (-1.8% 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."

Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.

FLO vs LCII — Head-to-Head

Bigger by revenue
FLO
FLO
1.3× larger
FLO
$1.2B
$932.7M
LCII
Growing faster (revenue YoY)
LCII
LCII
+5.2% gap
LCII
16.1%
11.0%
FLO
Faster 2-yr revenue CAGR
LCII
LCII
Annualised
LCII
-1.8%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLO
FLO
LCII
LCII
Revenue
$1.2B
$932.7M
Net Profit
$18.7M
Gross Margin
22.1%
Operating Margin
3.8%
Net Margin
2.0%
Revenue YoY
11.0%
16.1%
Net Profit YoY
95.7%
EPS (diluted)
$0.79

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
LCII
LCII
Q4 25
$1.2B
$932.7M
Q3 25
$1.2B
$1.0B
Q2 25
$1.6B
$1.1B
Q1 25
$1.0B
Q4 24
$1.2B
$803.1M
Q3 24
$1.2B
$915.5M
Q2 24
$1.6B
$1.1B
Q1 24
$968.0M
Net Profit
FLO
FLO
LCII
LCII
Q4 25
$39.5M
$18.7M
Q3 25
$58.4M
$62.5M
Q2 25
$53.0M
$57.6M
Q1 25
$49.4M
Q4 24
$65.0M
$9.5M
Q3 24
$67.0M
$35.6M
Q2 24
$73.0M
$61.2M
Q1 24
$36.5M
Gross Margin
FLO
FLO
LCII
LCII
Q4 25
22.1%
Q3 25
24.4%
Q2 25
24.4%
Q1 25
24.1%
Q4 24
21.1%
Q3 24
24.0%
Q2 24
25.3%
Q1 24
23.1%
Operating Margin
FLO
FLO
LCII
LCII
Q4 25
5.4%
3.8%
Q3 25
7.5%
7.3%
Q2 25
5.5%
7.9%
Q1 25
7.8%
Q4 24
7.6%
2.0%
Q3 24
7.8%
5.9%
Q2 24
6.4%
8.6%
Q1 24
6.0%
Net Margin
FLO
FLO
LCII
LCII
Q4 25
3.2%
2.0%
Q3 25
4.7%
6.0%
Q2 25
3.4%
5.2%
Q1 25
4.7%
Q4 24
5.5%
1.2%
Q3 24
5.5%
3.9%
Q2 24
4.6%
5.8%
Q1 24
3.8%
EPS (diluted)
FLO
FLO
LCII
LCII
Q4 25
$0.19
$0.79
Q3 25
$0.28
$2.55
Q2 25
$0.25
$2.29
Q1 25
$1.94
Q4 24
$0.31
$0.37
Q3 24
$0.32
$1.39
Q2 24
$0.34
$2.40
Q1 24
$1.44

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
LCII
LCII
Cash + ST InvestmentsLiquidity on hand
$12.1M
$222.6M
Total DebtLower is stronger
$945.2M
Stockholders' EquityBook value
$1.4B
Total Assets
$4.2B
$3.2B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
LCII
LCII
Q4 25
$16.7M
$222.6M
Q3 25
$11.0M
$199.7M
Q2 25
$7.3M
$191.9M
Q1 25
$231.2M
Q4 24
$15.0M
$165.8M
Q3 24
$6.9M
$161.2M
Q2 24
$15.8M
$130.4M
Q1 24
$22.6M
Total Debt
FLO
FLO
LCII
LCII
Q4 25
$1.8B
$945.2M
Q3 25
$1.7B
$947.8M
Q2 25
$1.8B
$948.0M
Q1 25
$938.3M
Q4 24
$1.1B
$757.3M
Q3 24
$1.1B
$822.5M
Q2 24
$1.0B
$829.7M
Q1 24
$855.3M
Stockholders' Equity
FLO
FLO
LCII
LCII
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.4B
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
$1.4B
Q3 24
$1.4B
$1.4B
Q2 24
$1.4B
$1.4B
Q1 24
$1.4B
Total Assets
FLO
FLO
LCII
LCII
Q4 25
$4.3B
$3.2B
Q3 25
$4.3B
$3.2B
Q2 25
$4.3B
$3.2B
Q1 25
$3.1B
Q4 24
$3.4B
$2.9B
Q3 24
$3.4B
$3.0B
Q2 24
$3.4B
$3.0B
Q1 24
$3.0B
Debt / Equity
FLO
FLO
LCII
LCII
Q4 25
1.25×
0.69×
Q3 25
1.23×
0.70×
Q2 25
1.26×
0.68×
Q1 25
0.69×
Q4 24
0.75×
0.55×
Q3 24
0.77×
0.58×
Q2 24
0.76×
0.60×
Q1 24
0.63×

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
LCII
LCII
Operating Cash FlowLast quarter
$125.4M
$78.9M
Free Cash FlowOCF − Capex
$64.3M
FCF MarginFCF / Revenue
6.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
4.22×
TTM Free Cash FlowTrailing 4 quarters
$278.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
LCII
LCII
Q4 25
$54.4M
$78.9M
Q3 25
$130.8M
$97.2M
Q2 25
$135.6M
$112.2M
Q1 25
$42.7M
Q4 24
$113.9M
$106.6M
Q3 24
$63.3M
$78.4M
Q2 24
$105.1M
$192.9M
Q1 24
$-7.7M
Free Cash Flow
FLO
FLO
LCII
LCII
Q4 25
$30.4M
$64.3M
Q3 25
$100.0M
$80.9M
Q2 25
$110.1M
$99.5M
Q1 25
$33.7M
Q4 24
$88.6M
$95.7M
Q3 24
$35.4M
$68.3M
Q2 24
$71.8M
$180.2M
Q1 24
$-16.3M
FCF Margin
FLO
FLO
LCII
LCII
Q4 25
2.5%
6.9%
Q3 25
8.0%
7.8%
Q2 25
7.1%
9.0%
Q1 25
3.2%
Q4 24
7.4%
11.9%
Q3 24
2.9%
7.5%
Q2 24
4.6%
17.1%
Q1 24
-1.7%
Capex Intensity
FLO
FLO
LCII
LCII
Q4 25
2.0%
1.6%
Q3 25
2.5%
1.6%
Q2 25
1.6%
1.2%
Q1 25
0.9%
Q4 24
2.1%
1.4%
Q3 24
2.3%
1.1%
Q2 24
2.1%
1.2%
Q1 24
0.9%
Cash Conversion
FLO
FLO
LCII
LCII
Q4 25
1.38×
4.22×
Q3 25
2.24×
1.55×
Q2 25
2.56×
1.95×
Q1 25
0.86×
Q4 24
1.75×
11.17×
Q3 24
0.94×
2.20×
Q2 24
1.44×
3.15×
Q1 24
-0.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

LCII
LCII

Travel Trailer And Fifth Wheels$378.4M41%
Chassis Chassis Partsand Slideout Mechanisms$206.1M22%
Furnitureand Mattresses$120.4M13%
Appliances$69.9M7%
Other Products$69.1M7%
Axlesand Suspension Solutions$62.3M7%
Motorhomes$34.2M4%

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