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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and LANDSTAR SYSTEM INC (LSTR). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.1× LANDSTAR SYSTEM INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 1.6%). Over the past eight quarters, LANDSTAR SYSTEM INC's revenue compounded faster (-2.2% 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."
Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico, ...
FLO vs LSTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | — | $39.4M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | 4.5% |
| Net Margin | — | 3.4% |
| Revenue YoY | 11.0% | 1.6% |
| Net Profit YoY | — | 32.3% |
| EPS (diluted) | — | $1.16 |
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 | — | $1.2B | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B |
| Q1 26 | — | $39.4M | ||
| Q4 25 | $39.5M | $23.9M | ||
| Q3 25 | $58.4M | $19.4M | ||
| Q2 25 | $53.0M | $41.9M | ||
| Q1 25 | — | $29.8M | ||
| Q4 24 | $65.0M | $46.2M | ||
| Q3 24 | $67.0M | $50.0M | ||
| Q2 24 | $73.0M | $52.6M |
| Q1 26 | — | 9.6% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 5.4% | 2.5% | ||
| Q3 25 | 7.5% | 2.2% | ||
| Q2 25 | 5.5% | 4.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 7.6% | 4.8% | ||
| Q3 24 | 7.8% | 5.2% | ||
| Q2 24 | 6.4% | 5.6% |
| Q1 26 | — | 3.4% | ||
| Q4 25 | 3.2% | 2.0% | ||
| Q3 25 | 4.7% | 1.6% | ||
| Q2 25 | 3.4% | 3.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 5.5% | 3.8% | ||
| Q3 24 | 5.5% | 4.1% | ||
| Q2 24 | 4.6% | 4.3% |
| Q1 26 | — | $1.16 | ||
| Q4 25 | $0.19 | $0.70 | ||
| Q3 25 | $0.28 | $0.56 | ||
| Q2 25 | $0.25 | $1.20 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | $0.31 | $1.30 | ||
| Q3 24 | $0.32 | $1.41 | ||
| Q2 24 | $0.34 | $1.48 |
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 | $411.0M |
| Total DebtLower is stronger | — | $26.1M |
| Stockholders' EquityBook value | — | $799.0M |
| Total Assets | $4.2B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $411.0M | ||
| Q4 25 | $16.7M | $452.2M | ||
| Q3 25 | $11.0M | $434.4M | ||
| Q2 25 | $7.3M | $426.2M | ||
| Q1 25 | — | $473.4M | ||
| Q4 24 | $15.0M | $566.6M | ||
| Q3 24 | $6.9M | $531.3M | ||
| Q2 24 | $15.8M | $504.0M |
| Q1 26 | — | $26.1M | ||
| Q4 25 | $1.8B | $0 | ||
| Q3 25 | $1.7B | $0 | ||
| Q2 25 | $1.8B | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $1.1B | $0 | ||
| Q3 24 | $1.1B | $0 | ||
| Q2 24 | $1.0B | $0 |
| Q1 26 | — | $799.0M | ||
| Q4 25 | $1.4B | $795.7M | ||
| Q3 25 | $1.4B | $888.7M | ||
| Q2 25 | $1.4B | $921.8M | ||
| Q1 25 | — | $930.8M | ||
| Q4 24 | $1.4B | $972.4M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.3B | $1.6B | ||
| Q3 25 | $4.3B | $1.7B | ||
| Q2 25 | $4.3B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $3.4B | $1.8B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.4B | $1.8B |
| Q1 26 | — | 0.03× | ||
| Q4 25 | 1.25× | 0.00× | ||
| Q3 25 | 1.23× | 0.00× | ||
| Q2 25 | 1.26× | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.75× | 0.00× | ||
| Q3 24 | 0.77× | 0.00× | ||
| Q2 24 | 0.76× | 0.00× |
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 | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $54.4M | $72.7M | ||
| Q3 25 | $130.8M | $89.3M | ||
| Q2 25 | $135.6M | $7.1M | ||
| Q1 25 | — | $55.7M | ||
| Q4 24 | $113.9M | $61.1M | ||
| Q3 24 | $63.3M | $83.1M | ||
| Q2 24 | $105.1M | $48.1M |
| Q1 26 | — | — | ||
| Q4 25 | $30.4M | $70.5M | ||
| Q3 25 | $100.0M | $86.0M | ||
| Q2 25 | $110.1M | $4.7M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | $88.6M | $54.4M | ||
| Q3 24 | $35.4M | $75.6M | ||
| Q2 24 | $71.8M | $40.6M |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 6.0% | ||
| Q3 25 | 8.0% | 7.1% | ||
| Q2 25 | 7.1% | 0.4% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | 7.4% | 4.5% | ||
| Q3 24 | 2.9% | 6.2% | ||
| Q2 24 | 4.6% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.2% | ||
| Q3 25 | 2.5% | 0.3% | ||
| Q2 25 | 1.6% | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 2.1% | 0.6% | ||
| Q3 24 | 2.3% | 0.6% | ||
| Q2 24 | 2.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.38× | 3.04× | ||
| Q3 25 | 2.24× | 4.61× | ||
| Q2 25 | 2.56× | 0.17× | ||
| Q1 25 | — | 1.87× | ||
| Q4 24 | 1.75× | 1.32× | ||
| Q3 24 | 0.94× | 1.66× | ||
| Q2 24 | 1.44× | 0.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
