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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and HANOVER INSURANCE GROUP, INC. (THG). Click either name above to swap in a different company.
HANOVER INSURANCE GROUP, INC. is the larger business by last-quarter revenue ($1.7B vs $1.2B, roughly 1.4× FLOWERS FOODS INC). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 6.1%). Over the past eight quarters, HANOVER INSURANCE GROUP, INC.'s revenue compounded faster (5.2% 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."
The Hanover Insurance Group, Inc. is an insurance company based in Worcester, Massachusetts. It was the original name of a property-liability insurance firm established in 1852, and it remained a publicly traded company under that name until the early 1990s, when it changed its name to Allmerica Property & Casualty Companies.
FLO vs THG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.7B |
| Net Profit | — | $186.8M |
| Gross Margin | — | — |
| Operating Margin | — | 11.1% |
| Net Margin | — | 11.0% |
| Revenue YoY | 11.0% | 6.1% |
| Net Profit YoY | — | 45.7% |
| EPS (diluted) | — | — |
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 | — | $1.7B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.6B | $1.5B |
| Q1 26 | — | $186.8M | ||
| Q4 25 | $39.5M | $198.5M | ||
| Q3 25 | $58.4M | $178.7M | ||
| Q2 25 | $53.0M | $157.1M | ||
| Q1 25 | — | $128.2M | ||
| Q4 24 | $65.0M | $167.9M | ||
| Q3 24 | $67.0M | $102.1M | ||
| Q2 24 | $73.0M | $40.5M |
| Q1 26 | — | 11.1% | ||
| Q4 25 | 5.4% | 17.3% | ||
| Q3 25 | 7.5% | 14.9% | ||
| Q2 25 | 5.5% | 12.7% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | 7.6% | 16.1% | ||
| Q3 24 | 7.8% | 9.6% | ||
| Q2 24 | 6.4% | 6.2% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 3.2% | 11.9% | ||
| Q3 25 | 4.7% | 10.7% | ||
| Q2 25 | 3.4% | 9.5% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | 5.5% | 10.6% | ||
| Q3 24 | 5.5% | 6.5% | ||
| Q2 24 | 4.6% | 2.6% |
| Q1 26 | — | — | ||
| Q4 25 | $0.19 | $5.46 | ||
| Q3 25 | $0.28 | $4.90 | ||
| Q2 25 | $0.25 | $4.30 | ||
| Q1 25 | — | $3.50 | ||
| Q4 24 | $0.31 | $4.60 | ||
| Q3 24 | $0.32 | $2.80 | ||
| Q2 24 | $0.34 | $1.12 |
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 | $243.5M |
| Total DebtLower is stronger | — | $843.8M |
| Stockholders' EquityBook value | — | $3.0B |
| Total Assets | $4.2B | $16.5B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $243.5M | ||
| Q4 25 | $16.7M | $1.1B | ||
| Q3 25 | $11.0M | $915.7M | ||
| Q2 25 | $7.3M | $244.1M | ||
| Q1 25 | — | $315.1M | ||
| Q4 24 | $15.0M | $435.5M | ||
| Q3 24 | $6.9M | $427.1M | ||
| Q2 24 | $15.8M | $337.6M |
| Q1 26 | — | $843.8M | ||
| Q4 25 | $1.8B | $843.3M | ||
| Q3 25 | $1.7B | $843.0M | ||
| Q2 25 | $1.8B | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | $1.1B | $722.3M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.4B | $3.6B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $1.4B | $3.2B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.4B | $2.6B |
| Q1 26 | — | $16.5B | ||
| Q4 25 | $4.3B | $16.9B | ||
| Q3 25 | $4.3B | $16.8B | ||
| Q2 25 | $4.3B | $15.7B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | $3.4B | $15.3B | ||
| Q3 24 | $3.4B | $15.4B | ||
| Q2 24 | $3.4B | $14.9B |
| Q1 26 | — | 0.28× | ||
| Q4 25 | 1.25× | 0.24× | ||
| Q3 25 | 1.23× | 0.25× | ||
| Q2 25 | 1.26× | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.75× | 0.25× | ||
| 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 | | |
|---|---|---|
| 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 | $378.2M | ||
| Q3 25 | $130.8M | $554.4M | ||
| Q2 25 | $135.6M | $206.6M | ||
| Q1 25 | — | $38.9M | ||
| Q4 24 | $113.9M | $213.5M | ||
| Q3 24 | $63.3M | $394.7M | ||
| Q2 24 | $105.1M | $139.5M |
| Q1 26 | — | — | ||
| Q4 25 | $30.4M | $377.0M | ||
| Q3 25 | $100.0M | $551.4M | ||
| Q2 25 | $110.1M | $204.9M | ||
| Q1 25 | — | $37.1M | ||
| Q4 24 | $88.6M | $210.5M | ||
| Q3 24 | $35.4M | $392.3M | ||
| Q2 24 | $71.8M | $137.3M |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 22.6% | ||
| Q3 25 | 8.0% | 33.1% | ||
| Q2 25 | 7.1% | 12.4% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 7.4% | 13.3% | ||
| Q3 24 | 2.9% | 25.1% | ||
| Q2 24 | 4.6% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 2.5% | 0.2% | ||
| Q2 25 | 1.6% | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 2.3% | 0.2% | ||
| Q2 24 | 2.1% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.38× | 1.91× | ||
| Q3 25 | 2.24× | 3.10× | ||
| Q2 25 | 2.56× | 1.32× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 1.75× | 1.27× | ||
| Q3 24 | 0.94× | 3.87× | ||
| Q2 24 | 1.44× | 3.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLO
Segment breakdown not available.
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
