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Side-by-side financial comparison of FLOWERS FOODS INC (FLO) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× FLOWERS FOODS INC). On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -75.8%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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."
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
FLO vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | — | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | — | 5.2% |
| Net Margin | — | 6.2% |
| Revenue YoY | -75.8% | 22.0% |
| Net Profit YoY | — | 215.6% |
| EPS (diluted) | — | $0.18 |
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.
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.6B | $1.6B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $39.5M | $101.0M | ||
| Q3 25 | $58.4M | $105.0M | ||
| Q2 25 | $53.0M | $80.0M | ||
| Q1 25 | — | $56.0M | ||
| Q4 24 | $65.0M | $32.0M | ||
| Q3 24 | $67.0M | $56.0M | ||
| Q2 24 | $73.0M | $14.0M | ||
| Q1 24 | — | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 5.4% | 5.2% | ||
| Q3 25 | 7.5% | 5.1% | ||
| Q2 25 | 5.5% | 5.2% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | 7.6% | 2.5% | ||
| Q3 24 | 7.8% | 2.6% | ||
| Q2 24 | 6.4% | 0.4% | ||
| Q1 24 | — | -5.2% |
| Q4 25 | 3.2% | 6.2% | ||
| Q3 25 | 4.7% | 6.4% | ||
| Q2 25 | 3.4% | 5.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 5.5% | 2.4% | ||
| Q3 24 | 5.5% | 4.3% | ||
| Q2 24 | 4.6% | 1.1% | ||
| Q1 24 | — | -7.7% |
| Q4 25 | $0.19 | $0.18 | ||
| Q3 25 | $0.28 | $0.16 | ||
| Q2 25 | $0.25 | $0.13 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | $0.31 | $0.09 | ||
| Q3 24 | $0.32 | $0.07 | ||
| Q2 24 | $0.34 | $0.02 | ||
| Q1 24 | — | $-0.15 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | $4.2B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.7M | $1.4B | ||
| Q3 25 | $11.0M | $1.4B | ||
| Q2 25 | $7.3M | $1.2B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $15.0M | $903.0M | ||
| Q3 24 | $6.9M | $761.0M | ||
| Q2 24 | $15.8M | $691.0M | ||
| Q1 24 | — | $578.0M |
| 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 | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $4.3B | $3.1B | ||
| Q3 25 | $4.3B | $3.0B | ||
| Q2 25 | $4.3B | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.4B | $2.2B | ||
| Q2 24 | $3.4B | $2.2B | ||
| Q1 24 | — | $2.1B |
| 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× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $125.4M | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.4M | $194.0M | ||
| Q3 25 | $130.8M | $165.0M | ||
| Q2 25 | $135.6M | $223.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | $113.9M | $147.0M | ||
| Q3 24 | $63.3M | $109.0M | ||
| Q2 24 | $105.1M | $124.0M | ||
| Q1 24 | — | $-20.0M |
| Q4 25 | $30.4M | $178.0M | ||
| Q3 25 | $100.0M | $153.0M | ||
| Q2 25 | $110.1M | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | $88.6M | $134.0M | ||
| Q3 24 | $35.4M | $97.0M | ||
| Q2 24 | $71.8M | $108.0M | ||
| Q1 24 | — | $-33.0M |
| Q4 25 | 2.5% | 10.9% | ||
| Q3 25 | 8.0% | 9.4% | ||
| Q2 25 | 7.1% | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | 7.4% | 10.0% | ||
| Q3 24 | 2.9% | 7.4% | ||
| Q2 24 | 4.6% | 8.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | 2.0% | 1.0% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 1.6% | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | 2.1% | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 1.38× | 1.92× | ||
| Q3 25 | 2.24× | 1.57× | ||
| Q2 25 | 2.56× | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 1.75× | 4.59× | ||
| Q3 24 | 0.94× | 1.95× | ||
| Q2 24 | 1.44× | 8.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLO
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
