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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and MSC INDUSTRIAL DIRECT CO INC (MSM). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $965.7M, roughly 1.3× MSC INDUSTRIAL DIRECT CO INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 4.0%). Over the past eight quarters, MSC INDUSTRIAL DIRECT CO INC's revenue compounded faster (-3.4% 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."
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily MSC Industrial Supply Co., is one of the largest industrial equipment distributors in the United States, distributing more than 1.5 million metalworking and other industrial products.
FLO vs MSM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $965.7M |
| Net Profit | — | $51.8M |
| Gross Margin | — | 40.7% |
| Operating Margin | — | 7.9% |
| Net Margin | — | 5.4% |
| Revenue YoY | 11.0% | 4.0% |
| Net Profit YoY | — | 11.1% |
| EPS (diluted) | — | $0.93 |
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 | $965.7M | ||
| Q3 25 | $1.2B | $978.2M | ||
| Q2 25 | $1.6B | $971.1M | ||
| Q4 24 | $1.2B | $928.5M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.6B | $979.4M | ||
| Q1 24 | — | $935.3M | ||
| Q4 23 | — | $954.0M |
| Q4 25 | $39.5M | $51.8M | ||
| Q3 25 | $58.4M | $56.5M | ||
| Q2 25 | $53.0M | $56.8M | ||
| Q4 24 | $65.0M | $46.6M | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $73.0M | $71.7M | ||
| Q1 24 | — | $61.8M | ||
| Q4 23 | — | $69.3M |
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 41.0% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 41.5% | ||
| Q4 23 | — | 41.2% |
| Q4 25 | 5.4% | 7.9% | ||
| Q3 25 | 7.5% | 8.6% | ||
| Q2 25 | 5.5% | 8.5% | ||
| Q4 24 | 7.6% | 7.8% | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 6.4% | 10.9% | ||
| Q1 24 | — | 9.7% | ||
| Q4 23 | — | 10.6% |
| Q4 25 | 3.2% | 5.4% | ||
| Q3 25 | 4.7% | 5.8% | ||
| Q2 25 | 3.4% | 5.9% | ||
| Q4 24 | 5.5% | 5.0% | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 4.6% | 7.3% | ||
| Q1 24 | — | 6.6% | ||
| Q4 23 | — | 7.3% |
| Q4 25 | $0.19 | $0.93 | ||
| Q3 25 | $0.28 | $1.02 | ||
| Q2 25 | $0.25 | $1.02 | ||
| Q4 24 | $0.31 | $0.83 | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.34 | $1.27 | ||
| Q1 24 | — | $1.10 | ||
| Q4 23 | — | $1.22 |
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 | $40.3M |
| Total DebtLower is stronger | — | $214.1M |
| Stockholders' EquityBook value | — | $1.4B |
| Total Assets | $4.2B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.7M | $40.3M | ||
| Q3 25 | $11.0M | $56.2M | ||
| Q2 25 | $7.3M | $71.7M | ||
| Q4 24 | $15.0M | $57.3M | ||
| Q3 24 | $6.9M | — | ||
| Q2 24 | $15.8M | $25.9M | ||
| Q1 24 | — | $22.2M | ||
| Q4 23 | — | $25.8M |
| Q4 25 | $1.8B | $214.1M | ||
| Q3 25 | $1.7B | $168.8M | ||
| Q2 25 | $1.8B | $285.0M | ||
| Q4 24 | $1.1B | $289.9M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | $299.8M | ||
| Q1 24 | — | $294.5M | ||
| Q4 23 | — | $294.4M |
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | — | $1.4B | ||
| Q4 23 | — | $1.4B |
| Q4 25 | $4.3B | $2.5B | ||
| Q3 25 | $4.3B | $2.5B | ||
| Q2 25 | $4.3B | $2.5B | ||
| Q4 24 | $3.4B | $2.5B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | $2.5B | ||
| Q1 24 | — | $2.5B | ||
| Q4 23 | — | $2.5B |
| Q4 25 | 1.25× | 0.16× | ||
| Q3 25 | 1.23× | 0.12× | ||
| Q2 25 | 1.26× | 0.21× | ||
| Q4 24 | 0.75× | 0.21× | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | 0.21× | ||
| Q1 24 | — | 0.21× | ||
| Q4 23 | — | 0.21× |
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 | $29.4M |
| Free Cash FlowOCF − Capex | — | $7.4M |
| FCF MarginFCF / Revenue | — | 0.8% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.4M | $29.4M | ||
| Q3 25 | $130.8M | — | ||
| Q2 25 | $135.6M | $151.6M | ||
| Q4 24 | $113.9M | $101.9M | ||
| Q3 24 | $63.3M | — | ||
| Q2 24 | $105.1M | $143.5M | ||
| Q1 24 | — | $78.7M | ||
| Q4 23 | — | $81.2M |
| Q4 25 | $30.4M | $7.4M | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $110.1M | $100.7M | ||
| Q4 24 | $88.6M | $81.7M | ||
| Q3 24 | $35.4M | — | ||
| Q2 24 | $71.8M | $114.0M | ||
| Q1 24 | — | $53.4M | ||
| Q4 23 | — | $62.7M |
| Q4 25 | 2.5% | 0.8% | ||
| Q3 25 | 8.0% | — | ||
| Q2 25 | 7.1% | 10.4% | ||
| Q4 24 | 7.4% | 8.8% | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.6% | 11.6% | ||
| Q1 24 | — | 5.7% | ||
| Q4 23 | — | 6.6% |
| Q4 25 | 2.0% | 2.3% | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.6% | 5.2% | ||
| Q4 24 | 2.1% | 2.2% | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 2.1% | 3.0% | ||
| Q1 24 | — | 2.7% | ||
| Q4 23 | — | 1.9% |
| Q4 25 | 1.38× | 0.57× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 2.56× | 2.67× | ||
| Q4 24 | 1.75× | 2.18× | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 1.44× | 2.00× | ||
| Q1 24 | — | 1.27× | ||
| Q4 23 | — | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
