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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and Organon & Co. (OGN). Click either name above to swap in a different company.

Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× FLOWERS FOODS INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs -3.5%). Over the past eight quarters, Organon & Co.'s revenue compounded faster (-4.7% 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."

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

FLO vs OGN — Head-to-Head

Bigger by revenue
OGN
OGN
1.2× larger
OGN
$1.5B
$1.2B
FLO
Growing faster (revenue YoY)
FLO
FLO
+14.5% gap
FLO
11.0%
-3.5%
OGN
Faster 2-yr revenue CAGR
OGN
OGN
Annualised
OGN
-4.7%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLO
FLO
OGN
OGN
Revenue
$1.2B
$1.5B
Net Profit
$146.0M
Gross Margin
53.6%
Operating Margin
Net Margin
10.0%
Revenue YoY
11.0%
-3.5%
Net Profit YoY
67.8%
EPS (diluted)
$0.55

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
OGN
OGN
Q1 26
$1.5B
Q4 25
$1.2B
$1.5B
Q3 25
$1.2B
$1.6B
Q2 25
$1.6B
$1.6B
Q1 25
$1.5B
Q4 24
$1.2B
$1.6B
Q3 24
$1.2B
$1.6B
Q2 24
$1.6B
$1.6B
Net Profit
FLO
FLO
OGN
OGN
Q1 26
$146.0M
Q4 25
$39.5M
$-205.0M
Q3 25
$58.4M
$160.0M
Q2 25
$53.0M
$145.0M
Q1 25
$87.0M
Q4 24
$65.0M
$109.0M
Q3 24
$67.0M
$359.0M
Q2 24
$73.0M
$195.0M
Gross Margin
FLO
FLO
OGN
OGN
Q1 26
53.6%
Q4 25
49.2%
Q3 25
53.5%
Q2 25
54.8%
Q1 25
55.6%
Q4 24
56.3%
Q3 24
58.3%
Q2 24
58.4%
Operating Margin
FLO
FLO
OGN
OGN
Q1 26
Q4 25
5.4%
-9.8%
Q3 25
7.5%
15.2%
Q2 25
5.5%
14.4%
Q1 25
6.7%
Q4 24
7.6%
8.1%
Q3 24
7.8%
13.1%
Q2 24
6.4%
14.6%
Net Margin
FLO
FLO
OGN
OGN
Q1 26
10.0%
Q4 25
3.2%
-13.6%
Q3 25
4.7%
10.0%
Q2 25
3.4%
9.1%
Q1 25
5.8%
Q4 24
5.5%
6.8%
Q3 24
5.5%
22.7%
Q2 24
4.6%
12.1%
EPS (diluted)
FLO
FLO
OGN
OGN
Q1 26
$0.55
Q4 25
$0.19
$-0.78
Q3 25
$0.28
$0.61
Q2 25
$0.25
$0.56
Q1 25
$0.33
Q4 24
$0.31
$0.42
Q3 24
$0.32
$1.38
Q2 24
$0.34
$0.75

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
OGN
OGN
Q1 26
Q4 25
$16.7M
$574.0M
Q3 25
$11.0M
$672.0M
Q2 25
$7.3M
$599.0M
Q1 25
$547.0M
Q4 24
$15.0M
$675.0M
Q3 24
$6.9M
$763.0M
Q2 24
$15.8M
$704.0M
Total Debt
FLO
FLO
OGN
OGN
Q1 26
Q4 25
$1.8B
$8.6B
Q3 25
$1.7B
$8.8B
Q2 25
$1.8B
$8.9B
Q1 25
$9.0B
Q4 24
$1.1B
$8.9B
Q3 24
$1.1B
$8.7B
Q2 24
$1.0B
$8.7B
Stockholders' Equity
FLO
FLO
OGN
OGN
Q1 26
Q4 25
$1.4B
$752.0M
Q3 25
$1.4B
$906.0M
Q2 25
$1.4B
$733.0M
Q1 25
$542.0M
Q4 24
$1.4B
$472.0M
Q3 24
$1.4B
$493.0M
Q2 24
$1.4B
$144.0M
Total Assets
FLO
FLO
OGN
OGN
Q1 26
Q4 25
$4.3B
$12.9B
Q3 25
$4.3B
$13.6B
Q2 25
$4.3B
$13.5B
Q1 25
$13.2B
Q4 24
$3.4B
$13.1B
Q3 24
$3.4B
$12.8B
Q2 24
$3.4B
$12.2B
Debt / Equity
FLO
FLO
OGN
OGN
Q1 26
Q4 25
1.25×
11.49×
Q3 25
1.23×
9.74×
Q2 25
1.26×
12.14×
Q1 25
16.52×
Q4 24
0.75×
18.81×
Q3 24
0.77×
17.75×
Q2 24
0.76×
60.11×

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
OGN
OGN
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.

Operating Cash Flow
FLO
FLO
OGN
OGN
Q1 26
Q4 25
$54.4M
$141.0M
Q3 25
$130.8M
$264.0M
Q2 25
$135.6M
$220.0M
Q1 25
$75.0M
Q4 24
$113.9M
$390.0M
Q3 24
$63.3M
$141.0M
Q2 24
$105.1M
$332.0M
Free Cash Flow
FLO
FLO
OGN
OGN
Q1 26
Q4 25
$30.4M
$96.0M
Q3 25
$100.0M
$218.0M
Q2 25
$110.1M
$181.0M
Q1 25
$43.0M
Q4 24
$88.6M
$335.0M
Q3 24
$35.4M
$99.0M
Q2 24
$71.8M
$300.0M
FCF Margin
FLO
FLO
OGN
OGN
Q1 26
Q4 25
2.5%
6.4%
Q3 25
8.0%
13.6%
Q2 25
7.1%
11.4%
Q1 25
2.8%
Q4 24
7.4%
21.0%
Q3 24
2.9%
6.3%
Q2 24
4.6%
18.7%
Capex Intensity
FLO
FLO
OGN
OGN
Q1 26
Q4 25
2.0%
3.0%
Q3 25
2.5%
2.9%
Q2 25
1.6%
2.4%
Q1 25
2.1%
Q4 24
2.1%
3.5%
Q3 24
2.3%
2.7%
Q2 24
2.1%
2.0%
Cash Conversion
FLO
FLO
OGN
OGN
Q1 26
Q4 25
1.38×
Q3 25
2.24×
1.65×
Q2 25
2.56×
1.52×
Q1 25
0.86×
Q4 24
1.75×
3.58×
Q3 24
0.94×
0.39×
Q2 24
1.44×
1.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

OGN
OGN

Established Brands$880.0M60%
Women’s Health$389.0M27%
Biosimilars$173.0M12%

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