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

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $962.4M, roughly 1.3× MUELLER INDUSTRIES INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 4.2%). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% 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."

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

FLO vs MLI — Head-to-Head

Bigger by revenue
FLO
FLO
1.3× larger
FLO
$1.2B
$962.4M
MLI
Growing faster (revenue YoY)
FLO
FLO
+6.7% gap
FLO
11.0%
4.2%
MLI
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLO
FLO
MLI
MLI
Revenue
$1.2B
$962.4M
Net Profit
$153.7M
Gross Margin
Operating Margin
17.9%
Net Margin
16.0%
Revenue YoY
11.0%
4.2%
Net Profit YoY
11.7%
EPS (diluted)
$1.37

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
MLI
MLI
Q4 25
$1.2B
$962.4M
Q3 25
$1.2B
$1.1B
Q2 25
$1.6B
$1.1B
Q1 25
$1.0B
Q4 24
$1.2B
$923.5M
Q3 24
$1.2B
$997.8M
Q2 24
$1.6B
$997.7M
Q1 24
$849.7M
Net Profit
FLO
FLO
MLI
MLI
Q4 25
$39.5M
$153.7M
Q3 25
$58.4M
$208.1M
Q2 25
$53.0M
$245.9M
Q1 25
$157.4M
Q4 24
$65.0M
$137.7M
Q3 24
$67.0M
$168.7M
Q2 24
$73.0M
$160.2M
Q1 24
$138.4M
Gross Margin
FLO
FLO
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Q1 24
28.4%
Operating Margin
FLO
FLO
MLI
MLI
Q4 25
5.4%
17.9%
Q3 25
7.5%
25.6%
Q2 25
5.5%
26.7%
Q1 25
20.6%
Q4 24
7.6%
18.4%
Q3 24
7.8%
20.7%
Q2 24
6.4%
21.0%
Q1 24
21.6%
Net Margin
FLO
FLO
MLI
MLI
Q4 25
3.2%
16.0%
Q3 25
4.7%
19.3%
Q2 25
3.4%
21.6%
Q1 25
15.7%
Q4 24
5.5%
14.9%
Q3 24
5.5%
16.9%
Q2 24
4.6%
16.1%
Q1 24
16.3%
EPS (diluted)
FLO
FLO
MLI
MLI
Q4 25
$0.19
$1.37
Q3 25
$0.28
$1.88
Q2 25
$0.25
$2.22
Q1 25
$1.39
Q4 24
$0.31
$1.21
Q3 24
$0.32
$1.48
Q2 24
$0.34
$1.41
Q1 24
$1.21

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$12.1M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$4.2B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
MLI
MLI
Q4 25
$16.7M
$1.4B
Q3 25
$11.0M
$1.3B
Q2 25
$7.3M
$1.1B
Q1 25
$873.6M
Q4 24
$15.0M
$1.1B
Q3 24
$6.9M
$969.6M
Q2 24
$15.8M
$825.7M
Q1 24
$1.4B
Total Debt
FLO
FLO
MLI
MLI
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
Stockholders' Equity
FLO
FLO
MLI
MLI
Q4 25
$1.4B
$3.2B
Q3 25
$1.4B
$3.1B
Q2 25
$1.4B
$2.9B
Q1 25
$2.7B
Q4 24
$1.4B
$2.8B
Q3 24
$1.4B
$2.7B
Q2 24
$1.4B
$2.5B
Q1 24
$2.4B
Total Assets
FLO
FLO
MLI
MLI
Q4 25
$4.3B
$3.7B
Q3 25
$4.3B
$3.7B
Q2 25
$4.3B
$3.5B
Q1 25
$3.2B
Q4 24
$3.4B
$3.3B
Q3 24
$3.4B
$3.2B
Q2 24
$3.4B
$3.1B
Q1 24
$2.9B
Debt / Equity
FLO
FLO
MLI
MLI
Q4 25
1.25×
Q3 25
1.23×
Q2 25
1.26×
Q1 25
Q4 24
0.75×
Q3 24
0.77×
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
MLI
MLI
Operating Cash FlowLast quarter
$125.4M
$141.2M
Free Cash FlowOCF − Capex
$121.4M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
MLI
MLI
Q4 25
$54.4M
$141.2M
Q3 25
$130.8M
$310.1M
Q2 25
$135.6M
$190.6M
Q1 25
$113.6M
Q4 24
$113.9M
$140.1M
Q3 24
$63.3M
$231.4M
Q2 24
$105.1M
$100.8M
Q1 24
$173.6M
Free Cash Flow
FLO
FLO
MLI
MLI
Q4 25
$30.4M
$121.4M
Q3 25
$100.0M
$291.8M
Q2 25
$110.1M
$176.5M
Q1 25
$97.0M
Q4 24
$88.6M
$111.2M
Q3 24
$35.4M
$205.7M
Q2 24
$71.8M
$91.6M
Q1 24
$157.2M
FCF Margin
FLO
FLO
MLI
MLI
Q4 25
2.5%
12.6%
Q3 25
8.0%
27.1%
Q2 25
7.1%
15.5%
Q1 25
9.7%
Q4 24
7.4%
12.0%
Q3 24
2.9%
20.6%
Q2 24
4.6%
9.2%
Q1 24
18.5%
Capex Intensity
FLO
FLO
MLI
MLI
Q4 25
2.0%
2.1%
Q3 25
2.5%
1.7%
Q2 25
1.6%
1.2%
Q1 25
1.7%
Q4 24
2.1%
3.1%
Q3 24
2.3%
2.6%
Q2 24
2.1%
0.9%
Q1 24
1.9%
Cash Conversion
FLO
FLO
MLI
MLI
Q4 25
1.38×
0.92×
Q3 25
2.24×
1.49×
Q2 25
2.56×
0.78×
Q1 25
0.72×
Q4 24
1.75×
1.02×
Q3 24
0.94×
1.37×
Q2 24
1.44×
0.63×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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