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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $822.5M, roughly 1.5× MSCI Inc.). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 10.6%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% 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."
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
FLO vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $822.5M |
| Net Profit | — | $284.7M |
| Gross Margin | — | — |
| Operating Margin | — | 56.4% |
| Net Margin | — | 34.6% |
| Revenue YoY | 11.0% | 10.6% |
| Net Profit YoY | — | -6.8% |
| EPS (diluted) | — | $3.81 |
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.
| Q4 25 | $1.2B | $822.5M | ||
| Q3 25 | $1.2B | $793.4M | ||
| Q2 25 | $1.6B | $772.7M | ||
| Q1 25 | — | $745.8M | ||
| Q4 24 | $1.2B | $743.5M | ||
| Q3 24 | $1.2B | $724.7M | ||
| Q2 24 | $1.6B | $707.9M | ||
| Q1 24 | — | $680.0M |
| Q4 25 | $39.5M | $284.7M | ||
| Q3 25 | $58.4M | $325.4M | ||
| Q2 25 | $53.0M | $303.6M | ||
| Q1 25 | — | $288.6M | ||
| Q4 24 | $65.0M | $305.5M | ||
| Q3 24 | $67.0M | $280.9M | ||
| Q2 24 | $73.0M | $266.8M | ||
| Q1 24 | — | $256.0M |
| Q4 25 | 5.4% | 56.4% | ||
| Q3 25 | 7.5% | 56.4% | ||
| Q2 25 | 5.5% | 55.0% | ||
| Q1 25 | — | 50.6% | ||
| Q4 24 | 7.6% | 54.5% | ||
| Q3 24 | 7.8% | 55.4% | ||
| Q2 24 | 6.4% | 54.0% | ||
| Q1 24 | — | 49.9% |
| Q4 25 | 3.2% | 34.6% | ||
| Q3 25 | 4.7% | 41.0% | ||
| Q2 25 | 3.4% | 39.3% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | 5.5% | 41.1% | ||
| Q3 24 | 5.5% | 38.8% | ||
| Q2 24 | 4.6% | 37.7% | ||
| Q1 24 | — | 37.6% |
| Q4 25 | $0.19 | $3.81 | ||
| Q3 25 | $0.28 | $4.25 | ||
| Q2 25 | $0.25 | $3.92 | ||
| Q1 25 | — | $3.71 | ||
| Q4 24 | $0.31 | $3.89 | ||
| Q3 24 | $0.32 | $3.57 | ||
| Q2 24 | $0.34 | $3.37 | ||
| Q1 24 | — | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | — | $-2.7B |
| Total Assets | $4.2B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.7M | $515.3M | ||
| Q3 25 | $11.0M | $400.1M | ||
| Q2 25 | $7.3M | $347.3M | ||
| Q1 25 | — | $360.7M | ||
| Q4 24 | $15.0M | $409.4M | ||
| Q3 24 | $6.9M | $501.0M | ||
| Q2 24 | $15.8M | $451.4M | ||
| Q1 24 | — | $519.3M |
| Q4 25 | $1.8B | $6.2B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.8B | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $1.1B | $4.5B | ||
| Q3 24 | $1.1B | $4.5B | ||
| Q2 24 | $1.0B | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.4B | $-2.7B | ||
| Q3 25 | $1.4B | $-1.9B | ||
| Q2 25 | $1.4B | $-886.2M | ||
| Q1 25 | — | $-958.6M | ||
| Q4 24 | $1.4B | $-940.0M | ||
| Q3 24 | $1.4B | $-751.0M | ||
| Q2 24 | $1.4B | $-734.5M | ||
| Q1 24 | — | $-650.5M |
| Q4 25 | $4.3B | $5.7B | ||
| Q3 25 | $4.3B | $5.4B | ||
| Q2 25 | $4.3B | $5.4B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $3.4B | $5.4B | ||
| Q3 24 | $3.4B | $5.4B | ||
| Q2 24 | $3.4B | $5.5B | ||
| Q1 24 | — | $5.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $125.4M | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.4M | $501.1M | ||
| Q3 25 | $130.8M | $449.4M | ||
| Q2 25 | $135.6M | $336.1M | ||
| Q1 25 | — | $301.7M | ||
| Q4 24 | $113.9M | $430.6M | ||
| Q3 24 | $63.3M | $421.6M | ||
| Q2 24 | $105.1M | $349.2M | ||
| Q1 24 | — | $300.1M |
| Q4 25 | $30.4M | $488.7M | ||
| Q3 25 | $100.0M | $445.5M | ||
| Q2 25 | $110.1M | $324.7M | ||
| Q1 25 | — | $290.2M | ||
| Q4 24 | $88.6M | $416.4M | ||
| Q3 24 | $35.4M | $415.0M | ||
| Q2 24 | $71.8M | $340.6M | ||
| Q1 24 | — | $295.9M |
| Q4 25 | 2.5% | 59.4% | ||
| Q3 25 | 8.0% | 56.2% | ||
| Q2 25 | 7.1% | 42.0% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | 7.4% | 56.0% | ||
| Q3 24 | 2.9% | 57.3% | ||
| Q2 24 | 4.6% | 48.1% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 2.0% | 1.5% | ||
| Q3 25 | 2.5% | 0.5% | ||
| Q2 25 | 1.6% | 1.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | 2.1% | 1.2% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 1.38× | 1.76× | ||
| Q3 25 | 2.24× | 1.38× | ||
| Q2 25 | 2.56× | 1.11× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 1.75× | 1.41× | ||
| Q3 24 | 0.94× | 1.50× | ||
| Q2 24 | 1.44× | 1.31× | ||
| Q1 24 | — | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLO
Segment breakdown not available.
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
