Is the business good?
How good a business is FLO?
Flowers Foods, Inc. earns 3.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
3.9%
Return on invested capital · cost of capital 9.0% · 5.1 points below what the capital costs: growth destroys value
- Operating margin
- 3.1%
Operating margin · Packaged Foods median 8.2% · 12 months to Q4 2025
- Cash conversion
- 3.97×
Cash conversion · 2.35× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 49%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 7.3% |
| FY2021 | 6.8% |
| FY2022 | 6.3% |
| FY2023 | 3.4% |
| FY2024 | 6.8% |
| FY2025 | 3.3% |
Details›
- Gross margin12 months to Q4 2025
- 49%
- Operating margin12 months to Q4 2025
- 3.1%
- Net margin12 months to Q4 2025
- 1.5%
- Free cash flow margin
- 6.1%
- Revenue, trailing twelve months
- $4.81B
- Free cash flow, trailing twelve months
- $294M
- Net income, trailing twelve months
- $74M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 3.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.