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

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $825.7M, roughly 1.5× STERLING INFRASTRUCTURE, INC.). On growth, STERLING INFRASTRUCTURE, INC. posted the faster year-over-year revenue change (91.6% vs 11.0%). Over the past eight quarters, STERLING INFRASTRUCTURE, INC.'s revenue compounded faster (19.0% 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."

Sterling & Wilson is an Indian multinational engineering, procurement, and construction (EPC) company headquartered in Mumbai, Maharashtra. It operates across multiple sectors including renewable energy, data centers, diesel power generation, and mechanical, electrical, and plumbing (MEP) services. The company has delivered projects in over 30 countries, with execution teams located across Asia, the Middle East, Africa, Europe, and Australia.

FLO vs STRL — Head-to-Head

Bigger by revenue
FLO
FLO
1.5× larger
FLO
$1.2B
$825.7M
STRL
Growing faster (revenue YoY)
STRL
STRL
+80.6% gap
STRL
91.6%
11.0%
FLO
Faster 2-yr revenue CAGR
STRL
STRL
Annualised
STRL
19.0%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLO
FLO
STRL
STRL
Revenue
$1.2B
$825.7M
Net Profit
$96.0M
Gross Margin
23.5%
Operating Margin
16.7%
Net Margin
11.6%
Revenue YoY
11.0%
91.6%
Net Profit YoY
143.1%
EPS (diluted)
$3.09

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
STRL
STRL
Q1 26
$825.7M
Q4 25
$1.2B
$755.6M
Q3 25
$1.2B
$689.0M
Q2 25
$1.6B
$614.5M
Q1 25
$430.9M
Q4 24
$1.2B
$498.8M
Q3 24
$1.2B
$593.7M
Q2 24
$1.6B
$582.8M
Net Profit
FLO
FLO
STRL
STRL
Q1 26
$96.0M
Q4 25
$39.5M
$87.6M
Q3 25
$58.4M
$92.1M
Q2 25
$53.0M
$71.0M
Q1 25
$39.5M
Q4 24
$65.0M
$113.2M
Q3 24
$67.0M
$61.3M
Q2 24
$73.0M
$51.9M
Gross Margin
FLO
FLO
STRL
STRL
Q1 26
23.5%
Q4 25
21.7%
Q3 25
24.7%
Q2 25
23.3%
Q1 25
22.0%
Q4 24
21.4%
Q3 24
21.9%
Q2 24
19.3%
Operating Margin
FLO
FLO
STRL
STRL
Q1 26
16.7%
Q4 25
5.4%
15.9%
Q3 25
7.5%
18.2%
Q2 25
5.5%
17.0%
Q1 25
13.0%
Q4 24
7.6%
12.5%
Q3 24
7.8%
14.7%
Q2 24
6.4%
12.5%
Net Margin
FLO
FLO
STRL
STRL
Q1 26
11.6%
Q4 25
3.2%
11.6%
Q3 25
4.7%
13.4%
Q2 25
3.4%
11.6%
Q1 25
9.2%
Q4 24
5.5%
22.7%
Q3 24
5.5%
10.3%
Q2 24
4.6%
8.9%
EPS (diluted)
FLO
FLO
STRL
STRL
Q1 26
$3.09
Q4 25
$0.19
$2.82
Q3 25
$0.28
$2.97
Q2 25
$0.25
$2.31
Q1 25
$1.28
Q4 24
$0.31
$3.63
Q3 24
$0.32
$1.97
Q2 24
$0.34
$1.67

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
STRL
STRL
Cash + ST InvestmentsLiquidity on hand
$12.1M
$511.9M
Total DebtLower is stronger
$287.5M
Stockholders' EquityBook value
$1.2B
Total Assets
$4.2B
$2.8B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
STRL
STRL
Q1 26
$511.9M
Q4 25
$16.7M
$390.7M
Q3 25
$11.0M
$306.4M
Q2 25
$7.3M
$699.4M
Q1 25
$638.6M
Q4 24
$15.0M
$664.2M
Q3 24
$6.9M
$648.1M
Q2 24
$15.8M
$540.0M
Total Debt
FLO
FLO
STRL
STRL
Q1 26
$287.5M
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Stockholders' Equity
FLO
FLO
STRL
STRL
Q1 26
$1.2B
Q4 25
$1.4B
$1.1B
Q3 25
$1.4B
$1.1B
Q2 25
$1.4B
$881.7M
Q1 25
$805.4M
Q4 24
$1.4B
$808.1M
Q3 24
$1.4B
$716.5M
Q2 24
$1.4B
$670.7M
Total Assets
FLO
FLO
STRL
STRL
Q1 26
$2.8B
Q4 25
$4.3B
$2.6B
Q3 25
$4.3B
$2.6B
Q2 25
$4.3B
$2.2B
Q1 25
$2.0B
Q4 24
$3.4B
$2.0B
Q3 24
$3.4B
$2.0B
Q2 24
$3.4B
$2.0B
Debt / Equity
FLO
FLO
STRL
STRL
Q1 26
0.24×
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×

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
STRL
STRL
Operating Cash FlowLast quarter
$125.4M
$165.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
STRL
STRL
Q1 26
$165.6M
Q4 25
$54.4M
$186.1M
Q3 25
$130.8M
$83.6M
Q2 25
$135.6M
$85.4M
Q1 25
$84.9M
Q4 24
$113.9M
$174.3M
Q3 24
$63.3M
$152.3M
Q2 24
$105.1M
$121.0M
Free Cash Flow
FLO
FLO
STRL
STRL
Q1 26
Q4 25
$30.4M
$159.7M
Q3 25
$100.0M
$64.0M
Q2 25
$110.1M
$72.1M
Q1 25
$67.0M
Q4 24
$88.6M
$158.6M
Q3 24
$35.4M
$138.3M
Q2 24
$71.8M
$92.1M
FCF Margin
FLO
FLO
STRL
STRL
Q1 26
Q4 25
2.5%
21.1%
Q3 25
8.0%
9.3%
Q2 25
7.1%
11.7%
Q1 25
15.5%
Q4 24
7.4%
31.8%
Q3 24
2.9%
23.3%
Q2 24
4.6%
15.8%
Capex Intensity
FLO
FLO
STRL
STRL
Q1 26
2.4%
Q4 25
2.0%
3.5%
Q3 25
2.5%
2.9%
Q2 25
1.6%
2.2%
Q1 25
4.2%
Q4 24
2.1%
3.1%
Q3 24
2.3%
2.4%
Q2 24
2.1%
5.0%
Cash Conversion
FLO
FLO
STRL
STRL
Q1 26
1.73×
Q4 25
1.38×
2.12×
Q3 25
2.24×
0.91×
Q2 25
2.56×
1.20×
Q1 25
2.15×
Q4 24
1.75×
1.54×
Q3 24
0.94×
2.48×
Q2 24
1.44×
2.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

STRL
STRL

E-Infrastructure Solutions$597.7M72%
Transportation Solutions$132.9M16%
Building Solutions$95.1M12%

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