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

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $790.2M, roughly 1.6× UNITED THERAPEUTICS Corp). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% vs 7.4%). Over the past eight quarters, UNITED THERAPEUTICS Corp's revenue compounded faster (8.0% 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."

United Therapeutics Corporation is an American biotechnology company that develops pharmaceuticals and technologies related to organ transplantation, including xenotransplantation. Many of the company's products are focused towards lung disease and organ manufacturing. United Therapeutics is co-headquartered in Silver Spring, Maryland and Research Triangle Park, North Carolina, with additional facilities in Magog and Bromont, Quebec; Melbourne and Jacksonville, Florida; Blacksburg, Virginia; ...

FLO vs UTHR — Head-to-Head

Bigger by revenue
FLO
FLO
1.6× larger
FLO
$1.2B
$790.2M
UTHR
Growing faster (revenue YoY)
FLO
FLO
+3.6% gap
FLO
11.0%
7.4%
UTHR
Faster 2-yr revenue CAGR
UTHR
UTHR
Annualised
UTHR
8.0%
-11.6%
FLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FLO
FLO
UTHR
UTHR
Revenue
$1.2B
$790.2M
Net Profit
$364.3M
Gross Margin
86.9%
Operating Margin
45.1%
Net Margin
46.1%
Revenue YoY
11.0%
7.4%
Net Profit YoY
20.9%
EPS (diluted)
$7.66

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
UTHR
UTHR
Q4 25
$1.2B
$790.2M
Q3 25
$1.2B
$799.5M
Q2 25
$1.6B
$798.6M
Q1 25
$794.4M
Q4 24
$1.2B
$735.9M
Q3 24
$1.2B
$748.9M
Q2 24
$1.6B
$714.9M
Q1 24
$677.7M
Net Profit
FLO
FLO
UTHR
UTHR
Q4 25
$39.5M
$364.3M
Q3 25
$58.4M
$338.7M
Q2 25
$53.0M
$309.5M
Q1 25
$322.2M
Q4 24
$65.0M
$301.3M
Q3 24
$67.0M
$309.1M
Q2 24
$73.0M
$278.1M
Q1 24
$306.6M
Gross Margin
FLO
FLO
UTHR
UTHR
Q4 25
86.9%
Q3 25
87.4%
Q2 25
89.0%
Q1 25
88.4%
Q4 24
89.7%
Q3 24
88.9%
Q2 24
89.1%
Q1 24
89.2%
Operating Margin
FLO
FLO
UTHR
UTHR
Q4 25
5.4%
45.1%
Q3 25
7.5%
48.6%
Q2 25
5.5%
45.6%
Q1 25
48.2%
Q4 24
7.6%
48.6%
Q3 24
7.8%
45.8%
Q2 24
6.4%
44.7%
Q1 24
52.6%
Net Margin
FLO
FLO
UTHR
UTHR
Q4 25
3.2%
46.1%
Q3 25
4.7%
42.4%
Q2 25
3.4%
38.8%
Q1 25
40.6%
Q4 24
5.5%
40.9%
Q3 24
5.5%
41.3%
Q2 24
4.6%
38.9%
Q1 24
45.2%
EPS (diluted)
FLO
FLO
UTHR
UTHR
Q4 25
$0.19
$7.66
Q3 25
$0.28
$7.16
Q2 25
$0.25
$6.41
Q1 25
$6.63
Q4 24
$0.31
$6.23
Q3 24
$0.32
$6.39
Q2 24
$0.34
$5.85
Q1 24
$6.17

Balance Sheet & Financial Strength

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

Metric
FLO
FLO
UTHR
UTHR
Cash + ST InvestmentsLiquidity on hand
$12.1M
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.1B
Total Assets
$4.2B
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLO
FLO
UTHR
UTHR
Q4 25
$16.7M
$2.9B
Q3 25
$11.0M
$2.8B
Q2 25
$7.3M
$3.0B
Q1 25
$3.3B
Q4 24
$15.0M
$3.3B
Q3 24
$6.9M
$3.3B
Q2 24
$15.8M
$3.0B
Q1 24
$2.7B
Total Debt
FLO
FLO
UTHR
UTHR
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
Stockholders' Equity
FLO
FLO
UTHR
UTHR
Q4 25
$1.4B
$7.1B
Q3 25
$1.4B
$6.6B
Q2 25
$1.4B
$7.2B
Q1 25
$6.8B
Q4 24
$1.4B
$6.4B
Q3 24
$1.4B
$6.1B
Q2 24
$1.4B
$5.7B
Q1 24
$5.3B
Total Assets
FLO
FLO
UTHR
UTHR
Q4 25
$4.3B
$7.9B
Q3 25
$4.3B
$7.4B
Q2 25
$4.3B
$7.9B
Q1 25
$7.7B
Q4 24
$3.4B
$7.4B
Q3 24
$3.4B
$7.1B
Q2 24
$3.4B
$6.7B
Q1 24
$6.5B
Debt / Equity
FLO
FLO
UTHR
UTHR
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
FLO
FLO
UTHR
UTHR
Operating Cash FlowLast quarter
$125.4M
$346.2M
Free Cash FlowOCF − Capex
$173.3M
FCF MarginFCF / Revenue
21.9%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLO
FLO
UTHR
UTHR
Q4 25
$54.4M
$346.2M
Q3 25
$130.8M
$562.1M
Q2 25
$135.6M
$191.7M
Q1 25
$461.2M
Q4 24
$113.9M
$341.2M
Q3 24
$63.3M
$377.2M
Q2 24
$105.1M
$232.2M
Q1 24
$376.5M
Free Cash Flow
FLO
FLO
UTHR
UTHR
Q4 25
$30.4M
$173.3M
Q3 25
$100.0M
$351.6M
Q2 25
$110.1M
$129.5M
Q1 25
$386.3M
Q4 24
$88.6M
$254.5M
Q3 24
$35.4M
$300.7M
Q2 24
$71.8M
$187.1M
Q1 24
$338.3M
FCF Margin
FLO
FLO
UTHR
UTHR
Q4 25
2.5%
21.9%
Q3 25
8.0%
44.0%
Q2 25
7.1%
16.2%
Q1 25
48.6%
Q4 24
7.4%
34.6%
Q3 24
2.9%
40.2%
Q2 24
4.6%
26.2%
Q1 24
49.9%
Capex Intensity
FLO
FLO
UTHR
UTHR
Q4 25
2.0%
21.9%
Q3 25
2.5%
26.3%
Q2 25
1.6%
7.8%
Q1 25
9.4%
Q4 24
2.1%
11.8%
Q3 24
2.3%
10.2%
Q2 24
2.1%
6.3%
Q1 24
5.6%
Cash Conversion
FLO
FLO
UTHR
UTHR
Q4 25
1.38×
0.95×
Q3 25
2.24×
1.66×
Q2 25
2.56×
0.62×
Q1 25
1.43×
Q4 24
1.75×
1.13×
Q3 24
0.94×
1.22×
Q2 24
1.44×
0.83×
Q1 24
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLO
FLO

Segment breakdown not available.

UTHR
UTHR

Tyvaso DPI$338.6M43%
Remodulin$128.0M16%
Nebulized Tyvaso$125.7M16%
Orenitram$121.2M15%
Unituxin$62.3M8%
Adcirca$7.8M1%
Other$6.6M1%

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