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

PPL Corporation is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 1.9× FLOWERS FOODS INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 7.2%). Over the past eight quarters, PPL Corporation's revenue compounded faster (1.0% 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."

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

FLO vs PPL — Head-to-Head

Bigger by revenue
PPL
PPL
1.9× larger
PPL
$2.3B
$1.2B
FLO
Growing faster (revenue YoY)
FLO
FLO
+3.7% gap
FLO
11.0%
7.2%
PPL
Faster 2-yr revenue CAGR
PPL
PPL
Annualised
PPL
1.0%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLO
FLO
PPL
PPL
Revenue
$1.2B
$2.3B
Net Profit
$266.0M
Gross Margin
Operating Margin
20.3%
Net Margin
11.3%
Revenue YoY
11.0%
7.2%
Net Profit YoY
50.3%
EPS (diluted)
$0.35

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
PPL
PPL
Q4 25
$1.2B
$2.3B
Q3 25
$1.2B
$2.2B
Q2 25
$1.6B
$2.0B
Q1 25
$2.5B
Q4 24
$1.2B
$2.2B
Q3 24
$1.2B
$2.1B
Q2 24
$1.6B
$1.9B
Q1 24
$2.3B
Net Profit
FLO
FLO
PPL
PPL
Q4 25
$39.5M
$266.0M
Q3 25
$58.4M
$318.0M
Q2 25
$53.0M
$183.0M
Q1 25
$414.0M
Q4 24
$65.0M
$177.0M
Q3 24
$67.0M
$214.0M
Q2 24
$73.0M
$190.0M
Q1 24
$307.0M
Operating Margin
FLO
FLO
PPL
PPL
Q4 25
5.4%
20.3%
Q3 25
7.5%
25.4%
Q2 25
5.5%
19.9%
Q1 25
26.6%
Q4 24
7.6%
17.2%
Q3 24
7.8%
20.6%
Q2 24
6.4%
20.8%
Q1 24
23.7%
Net Margin
FLO
FLO
PPL
PPL
Q4 25
3.2%
11.3%
Q3 25
4.7%
14.2%
Q2 25
3.4%
9.0%
Q1 25
16.3%
Q4 24
5.5%
8.1%
Q3 24
5.5%
10.3%
Q2 24
4.6%
10.1%
Q1 24
13.3%
EPS (diluted)
FLO
FLO
PPL
PPL
Q4 25
$0.19
$0.35
Q3 25
$0.28
$0.43
Q2 25
$0.25
$0.25
Q1 25
$0.56
Q4 24
$0.31
$0.23
Q3 24
$0.32
$0.29
Q2 24
$0.34
$0.26
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$12.1M
$1.1B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$14.9B
Total Assets
$4.2B
$45.2B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
PPL
PPL
Q4 25
$16.7M
$1.1B
Q3 25
$11.0M
$1.1B
Q2 25
$7.3M
$294.0M
Q1 25
$312.0M
Q4 24
$15.0M
$306.0M
Q3 24
$6.9M
$542.0M
Q2 24
$15.8M
$282.0M
Q1 24
$276.0M
Total Debt
FLO
FLO
PPL
PPL
Q4 25
$1.8B
$18.9B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
Q4 24
$1.1B
$16.5B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
Stockholders' Equity
FLO
FLO
PPL
PPL
Q4 25
$1.4B
$14.9B
Q3 25
$1.4B
$14.4B
Q2 25
$1.4B
$14.3B
Q1 25
$14.3B
Q4 24
$1.4B
$14.1B
Q3 24
$1.4B
$14.1B
Q2 24
$1.4B
$14.1B
Q1 24
$14.1B
Total Assets
FLO
FLO
PPL
PPL
Q4 25
$4.3B
$45.2B
Q3 25
$4.3B
$43.9B
Q2 25
$4.3B
$42.4B
Q1 25
$41.8B
Q4 24
$3.4B
$41.1B
Q3 24
$3.4B
$40.5B
Q2 24
$3.4B
$39.8B
Q1 24
$39.6B
Debt / Equity
FLO
FLO
PPL
PPL
Q4 25
1.25×
1.27×
Q3 25
1.23×
Q2 25
1.26×
Q1 25
Q4 24
0.75×
1.17×
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
PPL
PPL
Operating Cash FlowLast quarter
$125.4M
$548.0M
Free Cash FlowOCF − Capex
$-614.0M
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue
49.5%
Cash ConversionOCF / Net Profit
2.06×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
PPL
PPL
Q4 25
$54.4M
$548.0M
Q3 25
$130.8M
$966.0M
Q2 25
$135.6M
$602.0M
Q1 25
$513.0M
Q4 24
$113.9M
$511.0M
Q3 24
$63.3M
$781.0M
Q2 24
$105.1M
$766.0M
Q1 24
$282.0M
Free Cash Flow
FLO
FLO
PPL
PPL
Q4 25
$30.4M
$-614.0M
Q3 25
$100.0M
$-179.0M
Q2 25
$110.1M
$-328.0M
Q1 25
$-280.0M
Q4 24
$88.6M
$-349.0M
Q3 24
$35.4M
$102.0M
Q2 24
$71.8M
$96.0M
Q1 24
$-314.0M
FCF Margin
FLO
FLO
PPL
PPL
Q4 25
2.5%
-26.1%
Q3 25
8.0%
-8.0%
Q2 25
7.1%
-16.1%
Q1 25
-11.0%
Q4 24
7.4%
-15.9%
Q3 24
2.9%
4.9%
Q2 24
4.6%
5.1%
Q1 24
-13.6%
Capex Intensity
FLO
FLO
PPL
PPL
Q4 25
2.0%
49.5%
Q3 25
2.5%
51.2%
Q2 25
1.6%
45.6%
Q1 25
31.2%
Q4 24
2.1%
39.3%
Q3 24
2.3%
32.7%
Q2 24
2.1%
35.8%
Q1 24
25.9%
Cash Conversion
FLO
FLO
PPL
PPL
Q4 25
1.38×
2.06×
Q3 25
2.24×
3.04×
Q2 25
2.56×
3.29×
Q1 25
1.24×
Q4 24
1.75×
2.89×
Q3 24
0.94×
3.65×
Q2 24
1.44×
4.03×
Q1 24
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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