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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and PLEXUS CORP (PLXS). 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× PLEXUS CORP). On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 11.0%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% 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."
Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.
FLO vs PLXS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | — | $49.8M |
| Gross Margin | — | 10.2% |
| Operating Margin | — | 5.3% |
| Net Margin | — | 4.3% |
| Revenue YoY | 11.0% | 18.7% |
| Net Profit YoY | — | 27.5% |
| EPS (diluted) | — | $1.82 |
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 | — | $1.1B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.6B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.6B | — | ||
| Q3 23 | — | $1.0B |
| Q1 26 | — | $41.2M | ||
| Q4 25 | $39.5M | — | ||
| Q3 25 | $58.4M | — | ||
| Q2 25 | $53.0M | — | ||
| Q4 24 | $65.0M | — | ||
| Q3 24 | $67.0M | — | ||
| Q2 24 | $73.0M | — | ||
| Q3 23 | — | $15.8M |
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q3 23 | — | 8.9% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 5.5% | — | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 6.4% | — | ||
| Q3 23 | — | 2.7% |
| Q1 26 | — | 3.8% | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 3.4% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 4.6% | — | ||
| Q3 23 | — | 1.5% |
| Q1 26 | — | $1.51 | ||
| Q4 25 | $0.19 | — | ||
| Q3 25 | $0.28 | — | ||
| Q2 25 | $0.25 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.34 | — | ||
| Q3 23 | — | $0.56 |
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 | $303.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | $4.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $248.8M | ||
| Q4 25 | $16.7M | — | ||
| Q3 25 | $11.0M | — | ||
| Q2 25 | $7.3M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $6.9M | — | ||
| Q2 24 | $15.8M | — | ||
| Q3 23 | — | $253.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q3 23 | — | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q3 23 | — | $1.2B |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q3 23 | — | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.26× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q3 23 | — | — |
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 | — | ||
| Q3 25 | $130.8M | — | ||
| Q2 25 | $135.6M | — | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | $63.3M | — | ||
| Q2 24 | $105.1M | — | ||
| Q3 23 | — | $18.8M |
| Q1 26 | — | — | ||
| Q4 25 | $30.4M | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $110.1M | — | ||
| Q4 24 | $88.6M | — | ||
| Q3 24 | $35.4M | — | ||
| Q2 24 | $71.8M | — | ||
| Q3 23 | — | $-11.5M |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 8.0% | — | ||
| Q2 25 | 7.1% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.6% | — | ||
| Q3 23 | — | -1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 1.6% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 2.1% | — | ||
| Q3 23 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.38× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 2.56× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 1.44× | — | ||
| Q3 23 | — | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLO
Segment breakdown not available.
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
