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Flowers Foods (FLO) Financials

Flowers Foods logo
$17.44 -0.09 (-0.48%)
Closing price 05/5/2025 03:59 PM Eastern
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$17.86 +0.41 (+2.37%)
As of 04:22 AM Eastern
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Annual Income Statements for Flowers Foods

Annual Income Statements for Flowers Foods

This table shows Flowers Foods' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Net Income / (Loss) Attributable to Common Shareholders		 189 164 150 157 165 152 206 228 123 248
Consolidated Net Income / (Loss)		 189 164 150 157 165 152 206 228 123 248
Net Income / (Loss) Continuing Operations		 189 164 150 157 165 152 206 228 123 248
Total Pre-Tax Income 		293 250 149 197 212 201 271 299 157 329
Total Operating Income		 298 258 156 212 225 321 295 303 173 348
Total Gross Profit		 1,815 1,900 1,911 1,885 1,968 2,192 2,156 2,304 2,459 2,526
Total Revenue		 3,779 3,927 3,921 3,952 4,124 4,388 4,331 4,806 5,091 5,103
Operating Revenue		 3,779 3,927 3,921 3,952 4,124 4,388 4,331 4,806 5,091 5,103
Total Cost of Revenue		 1,963 2,027 2,009 2,067 2,156 2,196 2,175 2,502 2,632 2,577
Operating Cost of Revenue		 1,963 2,027 2,009 2,067 2,156 2,196 2,175 2,502 2,632 2,577
Total Operating Expenses		 1,517 1,642 1,755 1,673 1,743 1,870 1,861 2,001 2,286 2,178
Selling, General & Admin Expense		 1,382 1,469 1,510 1,507 1,575 1,693 1,720 1,851 2,120 2,001
Depreciation Expense		 132 141 147 144 144 141 137 142 152 159
Impairment Charge		 3.77 25 - 6.00 - 0.00 0.00 7.83 7.30 10
Restructuring Charge		 - - 104 9.77 24 35 0.00 0.00 7.10 7.40
Other Special Charges / (Income)		 - 6.65 -24 3.21 -0.04 0.11 0.94 0.24 0.00 0.00
Total Other Income / (Expense), net		 -4.85 -8.72 -7.06 -15 -13 -121 -24 -4.50 -16 -19
Interest Expense		 27 35 37 36 39 39 48 29 37 37
Interest & Investment Income		 22 21 23 28 28 27 24 24 21 18
Other Income / (Expense), net		 - 5.64 6.56 -7.25 -2.25 -109 0.00 0.77 0.27 0.27
Income Tax Expense		 104 86 -0.83 40 48 48 65 70 34 81
Basic Earnings per Share		 $0.90 $0.79 $0.72 $0.74 $0.78 $0.72 $0.97 $1.08 $0.58 $1.18
Weighted Average Basic Shares Outstanding		 210.79M 208.51M 209.57M 211.02M 211.61M 211.78M 211.84M 211.90M 211.63M 211.02M
Diluted Earnings per Share		 $0.89 $0.78 $0.71 $0.74 $0.78 $0.72 $0.97 $1.07 $0.58 $1.17
Weighted Average Diluted Shares Outstanding		 213.36M 210.35M 210.44M 211.63M 211.97M 212.35M 213.03M 213.23M 213.36M 212.14M
Weighted Average Basic & Diluted Shares Outstanding		 210.20M 207.30M 208.50M 212.40M 211.58M 211.70M 211.54M 211.27M 210.57M 210.84M
Cash Dividends to Common per Share		 $0.57 $0.63 $0.67 $0.71 $0.75 $0.79 $0.83 $0.87 $0.91 $0.95

Quarterly Income Statements for Flowers Foods

This table shows Flowers Foods' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 10/8/2022 12/31/2022 4/22/2023 7/15/2023 10/7/2023 12/30/2023 4/20/2024 7/13/2024 10/5/2024 12/28/2024
Net Income / (Loss) Attributable to Common Shareholders		 41 49 71 64 -47 36 73 67 65 43
Consolidated Net Income / (Loss)		 41 49 71 64 -47 36 73 67 65 43
Net Income / (Loss) Continuing Operations		 41 49 71 64 -47 36 73 67 65 43
Total Pre-Tax Income 		54 64 90 84 -63 46 96 90 86 57
Total Operating Income		 55 64 94 89 -59 50 102 95 90 61
Total Gross Profit		 543 507 734 602 582 541 780 612 592 543
Total Revenue		 1,158 1,083 1,534 1,228 1,199 1,129 1,577 1,225 1,191 1,111
Operating Revenue		 1,158 1,083 1,534 1,228 1,199 1,129 1,577 1,225 1,191 1,111
Total Cost of Revenue		 616 576 801 626 617 588 797 613 598 568
Operating Cost of Revenue		 616 576 801 626 617 588 797 613 598 568
Total Operating Expenses		 487 443 640 513 641 492 678 516 502 482
Selling, General & Admin Expense		 447 410 592 476 604 448 625 471 460 444
Depreciation Expense		 33 33 44 35 36 37 48 37 37 37
Impairment Charge		 6.84 - 0.00 0.00 1.03 6.26 4.00 1.38 4.48 0.45
Total Other Income / (Expense), net		 -1.16 0.27 -3.89 -4.19 -4.01 -3.68 -5.61 -4.91 -4.66 -4.17
Interest Expense		 6.80 6.68 11 9.01 8.55 8.21 11 8.98 8.69 8.16
Interest & Investment Income		 5.46 6.35 6.95 4.76 4.54 4.33 5.69 4.07 3.91 3.84
Income Tax Expense		 14 15 19 21 -17 10 23 23 21 14
Basic Earnings per Share		 $0.19 $0.24 $0.33 $0.30 ($0.22) $0.17 $0.35 $0.32 $0.31 $0.20
Weighted Average Basic Shares Outstanding		 212.02M 211.90M 211.77M 212.03M 211.52M 211.63M 211.08M 211.36M 210.82M 211.02M
Diluted Earnings per Share		 $0.19 $0.23 $0.33 $0.30 ($0.22) $0.17 $0.34 $0.32 $0.31 $0.20
Weighted Average Diluted Shares Outstanding		 213.33M 213.23M 213.40M 213.01M 211.52M 213.36M 212.11M 212.32M 211.98M 212.14M
Weighted Average Basic & Diluted Shares Outstanding		 211.13M 211.27M 211.85M 211.32M 211.12M 210.57M 211.14M 210.60M 210.60M 210.84M
Cash Dividends to Common per Share		 $0.22 $0.22 $0.22 $0.23 $0.23 $0.23 $0.23 $0.24 $0.24 $0.24

Annual Cash Flow Statements for Flowers Foods

This table details how cash moves in and out of Flowers Foods' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Net Change in Cash & Equivalents		 6.86 -7.97 -1.28 20 -14 296 -122 -12 -143 -18
Net Cash From Operating Activities		 336 357 297 296 367 454 345 361 349 413
Net Cash From Continuing Operating Activities		 336 357 297 296 367 454 345 361 349 413
Net Income / (Loss) Continuing Operations		 189 164 150 157 165 152 206 228 123 248
Consolidated Net Income / (Loss)		 189 164 150 157 165 152 206 228 123 248
Depreciation Expense		 132 141 147 144 144 141 137 142 152 159
Non-Cash Adjustments To Reconcile Net Income		 31 56 58 32 41 163 29 40 52 56
Changes in Operating Assets and Liabilities, net		 -17 -3.85 -57 -38 17 -2.24 -27 -50 22 -50
Net Cash From Investing Activities		 -470 -77 -35 -302 -97 -74 -191 -151 -404 -173
Net Cash From Continuing Investing Activities		 -470 -77 -35 -302 -97 -74 -191 -151 -404 -173
Purchase of Property, Plant & Equipment		 -105 -111 -82 -103 -106 -101 -205 -177 -139 -181
Acquisitions		 -395 - - -200 0.00 0.00 -10 0.00 -275 0.00
Purchase of Investments		 - - - - - - 0.00 -9.00 -1.98 0.00
Sale of Property, Plant & Equipment		 14 18 3.94 1.91 2.65 5.37 3.00 7.68 2.31 2.14
Sale and/or Maturity of Investments		 23 22 25 27 29 32 32 39 28 26
Other Investing Activities, net		 -6.83 -6.06 -24 -28 -23 -10 -11 -11 -18 -19
Net Cash From Financing Activities		 141 -288 -263 26 -284 -84 -275 -222 -88 -258
Net Cash From Continuing Financing Activities		 141 -288 -263 26 -284 -84 -275 -222 -88 -258
Repayment of Debt		 -818 -2,150 -751 -28 -720 -389 -585 -329 -743 -355
Repurchase of Common Equity		 -6.86 -126 -2.67 -2.49 -7.05 -0.78 -9.51 -35 -46 -23
Payment of Dividends		 -120 -131 -141 -150 -160 -167 -176 -187 -195 -203
Issuance of Debt		 1,067 2,092 612 206 609 485 498 330 898 324
Other Financing Activities, net		 20 28 19 0.79 -5.94 -11 -1.75 -1.60 -1.82 -0.07
Cash Interest Paid		 24 27 34 33 36 36 53 28 35 36
Cash Income Taxes Paid		 80 84 72 14 39 69 69 53 99 46

Quarterly Cash Flow Statements for Flowers Foods

This table details how cash moves in and out of Flowers Foods' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 10/8/2022 12/31/2022 4/22/2023 7/15/2023 10/7/2023 12/30/2023 4/20/2024 7/13/2024 10/5/2024 12/28/2024
Net Change in Cash & Equivalents		 19 -7.61 -137 -16 2.85 7.97 -6.71 -8.95 8.11 -9.97
Net Cash From Operating Activities		 108 69 58 71 128 92 105 63 114 130
Net Cash From Continuing Operating Activities		 108 69 58 71 128 92 105 63 114 130
Net Income / (Loss) Continuing Operations		 41 49 71 64 -47 36 73 67 65 43
Consolidated Net Income / (Loss)		 41 49 71 64 -47 36 73 67 65 43
Depreciation Expense		 33 33 44 35 36 37 48 37 37 37
Non-Cash Adjustments To Reconcile Net Income		 18 3.34 17 10 14 11 23 7.78 14 11
Changes in Operating Assets and Liabilities, net		 17 -15 -74 -38 125 8.27 -39 -48 -2.17 39
Net Cash From Investing Activities		 -26 -32 -301 -37 -28 -37 -36 -41 -36 -60
Net Cash From Continuing Investing Activities		 -26 -32 -301 -37 -28 -37 -36 -41 -36 -60
Purchase of Property, Plant & Equipment		 -34 -42 -36 -35 -31 -37 -39 -42 -39 -61
Sale of Property, Plant & Equipment		 1.76 4.35 0.10 0.68 1.50 0.03 0.06 0.75 1.23 0.10
Sale and/or Maturity of Investments		 9.58 8.29 12 6.41 6.68 2.86 7.93 5.76 5.97 5.85
Other Investing Activities, net		 -3.92 -2.14 -6.86 -2.70 -5.59 -3.22 -5.06 -5.54 -4.20 -4.30
Net Cash From Financing Activities		 -63 -45 106 -50 -97 -47 -76 -32 -69 -81
Net Cash From Continuing Financing Activities		 -63 -45 106 -50 -97 -47 -76 -32 -69 -81
Repayment of Debt		 -328 1.61 -321 -255 -91 -76 -133 -76 -77 -69
Payment of Dividends		 -47 -46 -49 -49 -49 -48 -51 -51 -51 -51
Issuance of Debt		 330 - 488 270 47 93 118 109 58 39
Other Financing Activities, net		 -0.44 -0.29 -0.60 -0.45 -0.46 -0.31 -0.10 -0.07 -0.07 0.17

Annual Balance Sheets for Flowers Foods

This table presents Flowers Foods' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Total Assets		 2,844 2,761 2,660 2,846 3,178 3,323 3,253 3,313 3,427 3,400
Total Current Assets		 500 477 507 544 554 838 746 805 688 656
Cash & Equivalents		 14 6.41 5.13 25 11 307 186 165 23 5.01
Note & Lease Receivable		 270 272 280 287 286 300 305 349 328 335
Inventories, net		 168 170 172 188 195 193 203 242 271 263
Other Current Assets		 48 28 50 43 63 37 52 48 66 54
Plant, Property, & Equipment, net		 805 781 732 744 718 699 799 849 963 964
Plant, Property & Equipment, gross		 1,881 1,891 1,907 1,982 2,003 2,034 4,385 2,297 2,501 2,575
Accumulated Depreciation		 1,076 1,110 1,175 1,238 1,285 1,334 1,394 1,447 1,538 1,611
Total Noncurrent Assets		 1,539 1,503 1,421 1,558 1,906 1,785 1,708 1,659 1,776 1,780
Noncurrent Note & Lease Receivables		 154 155 188 204 221 182 158 139 124 108
Goodwill		 465 466 465 545 545 545 545 545 678 680
Intangible Assets		 875 836 742 795 750 715 695 664 658 626
Other Noncurrent Operating Assets		 7.88 9.76 10 6.93 389 343 310 310 317 365
Total Liabilities & Shareholders' Equity		 2,844 2,761 2,660 2,846 3,178 3,323 3,253 3,313 3,427 3,400
Total Liabilities		 1,601 1,551 1,409 1,587 1,914 1,950 1,842 1,870 2,075 1,990
Total Current Liabilities		 404 341 394 400 528 504 520 564 659 549
Accounts Payable		 172 173 181 242 233 226 269 343 319 261
Accrued Expenses		 157 156 200 146 201 226 203 175 293 219
Other Current Liabilities		 - - - - 61 52 48 46 48 69
Total Noncurrent Liabilities		 1,197 1,210 1,015 1,187 1,386 1,446 1,322 1,305 1,416 1,442
Long-Term Debt		 930 947 820 975 863 960 891 892 1,048 1,022
Capital Lease Obligations		 - - - 16 344 294 253 237 237 254
Noncurrent Deferred & Payable Income Tax Liabilities		 146 146 83 103 121 128 134 135 91 124
Noncurrent Employee Benefit Liabilities		 77 70 60 39 14 10 7.25 5.81 5.80 5.51
Other Noncurrent Operating Liabilities		 44 48 52 54 44 54 38 36 34 36
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,243 1,210 1,251 1,258 1,263 1,373 1,411 1,443 1,352 1,410
Total Preferred & Common Equity		 1,243 1,210 1,251 1,258 1,263 1,373 1,411 1,443 1,352 1,410
Preferred Stock		 - - - 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Common Equity		 1,243 1,210 1,251 1,258 1,263 1,373 1,411 1,443 1,352 1,410
Common Stock		 637 645 651 654 649 660 679 690 700 712
Retained Earnings		 878 911 920 945 947 932 962 1,004 932 978
Treasury Stock		 -175 -262 -235 -232 -226 -225 -232 -253 -281 -286
Accumulated Other Comprehensive Income / (Loss)		 -97 -83 -85 -109 -106 6.42 2.59 1.47 0.62 6.83

Quarterly Balance Sheets for Flowers Foods

This table presents Flowers Foods' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 10/8/2022 4/22/2023 7/15/2023 10/7/2023 4/20/2024 7/13/2024 10/5/2024
Total Assets		 3,343 3,482 3,506 3,435 3,429 3,428 3,430
Total Current Assets		 835 716 749 715 688 703 708
Cash & Equivalents		 173 28 12 15 16 6.87 15
Note & Lease Receivable		 369 372 429 365 359 390 387
Inventories, net		 239 265 257 266 265 260 259
Other Current Assets		 55 52 52 69 49 46 46
Plant, Property, & Equipment, net		 838 959 962 962 959 955 948
Plant, Property & Equipment, gross		 2,289 2,438 2,467 2,490 2,532 2,554 2,548
Accumulated Depreciation		 1,451 1,479 1,505 1,528 1,573 1,599 1,600
Total Noncurrent Assets		 1,670 1,807 1,795 1,758 1,782 1,770 1,775
Noncurrent Note & Lease Receivables		 144 135 132 115 119 114 113
Goodwill		 545 676 678 678 680 680 680
Intangible Assets		 672 682 675 665 648 641 634
Other Noncurrent Operating Assets		 309 313 310 301 335 336 349
Total Liabilities & Shareholders' Equity		 3,343 3,482 3,506 3,435 3,429 3,428 3,430
Total Liabilities		 1,909 2,020 2,036 2,060 2,053 2,044 2,023
Total Current Liabilities		 595 542 555 670 622 589 569
Accounts Payable		 349 343 328 329 304 299 287
Accrued Expenses		 197 148 177 292 261 230 217
Other Current Liabilities		 49 51 51 50 58 60 65
Total Noncurrent Liabilities		 1,314 1,478 1,480 1,390 1,431 1,454 1,454
Long-Term Debt		 892 1,063 1,075 1,038 1,044 1,069 1,054
Capital Lease Obligations		 235 237 231 222 247 244 251
Noncurrent Deferred & Payable Income Tax Liabilities		 145 136 134 91 98 100 108
Noncurrent Employee Benefit Liabilities		 6.80 5.80 5.61 5.50 5.70 5.57 5.32
Other Noncurrent Operating Liabilities		 36 36 35 34 36 35 36
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,435 1,462 1,470 1,375 1,376 1,384 1,407
Total Preferred & Common Equity		 1,435 1,462 1,470 1,375 1,376 1,384 1,407
Preferred Stock		 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,435 1,462 1,470 1,375 1,376 1,384 1,407
Common Stock		 684 684 688 694 694 699 705
Retained Earnings		 1,002 1,026 1,041 945 954 971 985
Treasury Stock		 -253 -248 -262 -266 -273 -286 -286
Accumulated Other Comprehensive Income / (Loss)		 0.80 -0.69 2.66 1.33 0.53 0.94 2.24

Annual Metrics and Ratios for Flowers Foods

This table displays calculated financial ratios and metrics derived from Flowers Foods' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 1/2/2016 12/31/2016 12/30/2017 12/29/2018 12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.79% 3.93% -0.16% 0.79% 4.36% 6.40% -1.30% 10.97% 5.93% 0.25%
EBITDA Growth		 6.36% -5.88% -23.50% 12.78% 5.21% -3.60% 21.82% 3.35% -27.16% 56.31%
EBIT Growth		 8.16% -11.41% -38.27% 25.89% 8.82% -4.65% 38.59% 3.07% -43.04% 101.32%
NOPAT Growth		 6.52% -11.87% -7.24% 7.66% 3.33% 39.50% -7.95% 3.23% -41.43% 93.46%
Net Income Growth		 7.65% -13.43% -8.34% 4.69% 4.69% -7.43% 35.37% 10.77% -45.96% 101.04%
EPS Growth		 8.54% -12.36% -8.97% 4.23% 5.41% -7.69% 34.72% 10.31% -45.79% 101.72%
Operating Cash Flow Growth		 6.50% 6.22% -16.60% -0.50% 24.02% 23.85% -24.17% 4.72% -3.20% 18.12%
Free Cash Flow Firm Growth		 -159.51% 246.54% -9.20% -98.25% -1,655.93% 748.83% -54.64% 10.15% -136.94% 374.20%
Invested Capital Growth		 19.42% -3.29% -2.94% 8.02% 10.53% -5.80% 2.12% 1.63% 8.61% 2.56%
Revenue Q/Q Growth		 -0.50% 0.26% 0.13% 0.18% 0.91% 2.46% -0.90% 2.11% 0.92% -0.35%
EBITDA Q/Q Growth		 2.95% -7.02% 11.03% -4.66% -6.17% 25.93% -5.23% 2.75% -2.88% 2.32%
EBIT Q/Q Growth		 3.52% -10.32% 23.12% -7.57% -10.02% 53.80% -7.62% 3.79% -7.45% 3.48%
NOPAT Q/Q Growth		 2.41% -11.15% 72.35% -23.84% -9.90% 26.85% -7.13% 3.61% -6.83% 3.09%
Net Income Q/Q Growth		 2.29% -10.50% 77.39% -26.85% -10.17% 54.30% -7.41% 4.23% -9.48% 3.09%
EPS Q/Q Growth		 1.14% -9.30% 73.17% -26.73% -9.30% 53.19% -7.62% 3.88% -9.38% 2.63%
Operating Cash Flow Q/Q Growth		 -10.60% 4.58% 0.89% -3.12% 7.32% 0.26% -14.96% 12.45% 6.94% 10.22%
Free Cash Flow Firm Q/Q Growth		 -770.51% 55.65% 16.33% -98.02% 77.69% 10.04% -88.21% 118.23% 16.30% 10.10%
Invested Capital Q/Q Growth		 5.51% 0.33% 2.09% 8.75% -1.89% -1.33% 114.46% 0.77% -0.21% -0.58%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 48.04% 48.39% 48.75% 47.70% 47.73% 49.95% 49.77% 47.94% 48.30% 49.50%
EBITDA Margin		 11.38% 10.31% 7.90% 8.84% 8.91% 8.07% 9.96% 9.28% 6.38% 9.95%
Operating Margin		 7.88% 6.58% 3.99% 5.37% 5.47% 7.33% 6.81% 6.31% 3.40% 6.82%
EBIT Margin		 7.88% 6.72% 4.16% 5.19% 5.41% 4.85% 6.81% 6.33% 3.40% 6.83%
Profit (Net Income) Margin		 5.01% 4.17% 3.83% 3.98% 3.99% 3.47% 4.76% 4.75% 2.42% 4.86%
Tax Burden Percent		 64.56% 65.63% 100.55% 79.71% 77.58% 75.89% 76.15% 76.46% 78.56% 75.43%
Interest Burden Percent		 98.37% 94.56% 91.64% 96.13% 95.03% 94.32% 91.81% 98.26% 90.74% 94.37%
Effective Tax Rate		 35.44% 34.37% -0.55% 20.29% 22.42% 24.11% 23.85% 23.54% 21.44% 24.57%
Return on Invested Capital (ROIC)		 9.53% 7.84% 7.51% 7.89% 7.46% 10.20% 9.58% 9.71% 5.41% 9.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.15% 7.23% 6.69% 6.53% 6.50% 1.66% 7.65% 9.35% 4.30% 8.77%
Return on Net Nonoperating Assets (RNNOA)		 6.46% 5.51% 4.69% 4.64% 5.59% 1.35% 5.23% 6.29% 3.42% 8.05%
Return on Equity (ROE)		 15.99% 13.35% 12.20% 12.53% 13.05% 11.55% 14.81% 16.00% 8.83% 17.97%
Cash Return on Invested Capital (CROIC)		 -8.18% 11.19% 10.49% 0.18% -2.54% 16.18% 7.49% 8.10% -2.84% 7.39%
Operating Return on Assets (OROA)		 11.34% 9.42% 6.01% 7.45% 7.41% 6.55% 8.97% 9.26% 5.14% 10.21%
Return on Assets (ROA)		 7.20% 5.84% 5.54% 5.71% 5.46% 4.69% 6.27% 6.96% 3.66% 7.27%
Return on Common Equity (ROCE)		 15.99% 13.35% 12.20% 12.53% 13.05% 11.55% 14.81% 16.00% 8.83% 17.97%
Return on Equity Simple (ROE_SIMPLE)		 15.22% 13.53% 12.00% 12.49% 13.02% 11.09% 14.61% 15.82% 9.13% 17.60%
Net Operating Profit after Tax (NOPAT)		 192 169 157 169 175 244 225 232 136 263
NOPAT Margin		 5.09% 4.32% 4.01% 4.28% 4.24% 5.56% 5.19% 4.82% 2.67% 5.15%
Net Nonoperating Expense Percent (NNEP)		 0.37% 0.61% 0.82% 1.36% 0.95% 8.54% 1.93% 0.36% 1.11% 1.15%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 9.01% 5.15% 9.78%
Cost of Revenue to Revenue		 51.96% 51.61% 51.25% 52.30% 52.27% 50.05% 50.23% 52.06% 51.70% 50.50%
SG&A Expenses to Revenue		 36.56% 37.42% 38.51% 38.14% 38.19% 38.59% 39.71% 38.51% 41.64% 39.21%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 40.16% 41.81% 44.76% 42.33% 42.26% 42.62% 42.96% 41.63% 44.90% 42.68%
Earnings before Interest and Taxes (EBIT)		 298 264 163 205 223 213 295 304 173 349
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 430 405 310 349 367 354 431 446 325 508
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.71 2.63 2.58 2.53 3.10 3.08 3.76 3.88 3.37 3.06
Price to Tangible Book Value (P/TBV)		 0.00 0.00 74.12 0.00 0.00 37.47 31.10 23.98 280.70 41.51
Price to Revenue (P/Rev)		 0.89 0.81 0.82 0.80 0.95 0.96 1.23 1.17 0.90 0.84
Price to Earnings (P/E)		 17.81 19.44 21.46 20.23 23.84 27.75 25.73 24.54 36.95 17.37
Dividend Yield		 3.57% 4.08% 4.36% 4.71% 4.04% 3.95% 3.31% 3.28% 4.21% 4.64%
Earnings Yield		 5.61% 5.14% 4.66% 4.94% 4.19% 3.60% 3.89% 4.08% 2.71% 5.76%
Enterprise Value to Invested Capital (EV/IC)		 1.98 1.95 1.96 1.87 2.08 2.23 2.64 2.73 2.23 2.08
Enterprise Value to Revenue (EV/Rev)		 1.15 1.05 1.03 1.05 1.24 1.18 1.45 1.37 1.14 1.09
Enterprise Value to EBITDA (EV/EBITDA)		 10.14 10.22 13.07 11.90 13.94 14.61 14.51 14.73 17.92 10.99
Enterprise Value to EBIT (EV/EBIT)		 14.64 15.67 24.85 20.26 22.95 24.31 21.24 21.61 33.63 16.01
Enterprise Value to NOPAT (EV/NOPAT)		 22.67 24.40 25.75 24.55 29.28 21.21 27.89 28.33 42.87 21.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.99 11.60 13.61 14.05 13.96 11.38 18.17 18.20 16.67 13.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 17.10 18.43 1,084.35 0.00 13.37 35.69 33.98 0.00 28.51
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.81 0.79 0.67 0.80 0.96 0.91 0.81 0.78 0.95 0.91
Long-Term Debt to Equity		 0.75 0.78 0.66 0.79 0.95 0.91 0.81 0.78 0.95 0.91
Financial Leverage		 0.71 0.76 0.70 0.71 0.86 0.81 0.68 0.67 0.80 0.92
Leverage Ratio		 2.22 2.28 2.20 2.19 2.39 2.47 2.36 2.30 2.41 2.47
Compound Leverage Factor		 2.18 2.16 2.02 2.11 2.27 2.33 2.17 2.26 2.19 2.33
Debt to Total Capital		 44.70% 44.19% 39.96% 44.32% 48.92% 47.73% 44.75% 43.89% 48.73% 47.51%
Short-Term Debt to Total Capital		 3.32% 0.53% 0.58% 0.48% 0.15% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 41.38% 43.66% 39.37% 43.84% 48.77% 47.73% 44.75% 43.89% 48.73% 47.51%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 55.30% 55.81% 60.04% 55.68% 51.08% 52.27% 55.25% 56.11% 51.27% 52.49%
Debt to EBITDA		 2.34 2.37 2.69 2.87 3.29 3.54 2.65 2.53 3.96 2.51
Net Debt to EBITDA		 2.30 2.35 2.67 2.80 3.26 2.67 2.22 2.16 3.89 2.50
Long-Term Debt to EBITDA		 2.16 2.34 2.65 2.84 3.28 3.54 2.65 2.53 3.96 2.51
Debt to NOPAT		 5.22 5.65 5.29 5.92 6.92 5.14 5.09 4.87 9.46 4.86
Net Debt to NOPAT		 5.15 5.62 5.26 5.77 6.86 3.88 4.26 4.16 9.30 4.84
Long-Term Debt to NOPAT		 4.84 5.59 5.22 5.85 6.90 5.14 5.09 4.87 9.46 4.86
Altman Z-Score		 3.41 3.49 3.58 3.35 3.19 3.35 3.86 4.06 3.36 3.58
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.24 1.40 1.29 1.36 1.05 1.66 1.44 1.43 1.04 1.20
Quick Ratio		 0.70 0.82 0.72 0.78 0.56 1.21 0.94 0.91 0.53 0.62
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -165 242 220 3.83 -60 387 175 193 -71 196
Operating Cash Flow to CapEx		 369.74% 383.68% 382.46% 294.02% 353.72% 475.01% 170.39% 212.85% 255.43% 230.44%
Free Cash Flow to Firm to Interest Expense		 -6.16 6.93 6.01 0.11 -1.54 9.97 3.68 6.68 -1.95 5.27
Operating Cash Flow to Interest Expense		 12.52 10.22 8.13 8.29 9.45 11.72 7.23 12.48 9.54 11.11
Operating Cash Flow Less CapEx to Interest Expense		 9.13 7.55 6.01 5.47 6.78 9.25 2.99 6.62 5.81 6.29
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.44 1.40 1.45 1.44 1.37 1.35 1.32 1.46 1.51 1.50
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 12.44 11.96 11.73 11.48 11.28 11.32 10.96 11.23 10.26 9.66
Fixed Asset Turnover		 4.69 4.95 5.18 5.36 5.64 6.19 5.78 5.83 5.62 5.30
Accounts Payable Turnover		 12.48 11.75 11.34 9.76 9.07 9.57 8.80 8.18 7.95 8.90
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 29.34 30.51 31.13 31.79 32.36 32.23 33.29 32.52 35.58 37.78
Days Payable Outstanding (DPO)		 29.24 31.07 32.19 37.39 40.22 38.14 41.48 44.63 45.90 41.02
Cash Conversion Cycle (CCC)		 0.10 -0.56 -1.06 -5.60 -7.86 -5.91 -8.19 -12.12 -10.32 -3.24
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,197 2,125 2,062 2,228 2,462 2,319 2,369 2,407 2,614 2,681
Invested Capital Turnover		 1.87 1.82 1.87 1.84 1.76 1.84 1.85 2.01 2.03 1.93
Increase / (Decrease) in Invested Capital		 357 -72 -62 165 235 -143 49 39 207 67
Enterprise Value (EV)		 4,360 4,136 4,048 4,156 5,121 5,174 6,263 6,568 5,822 5,582
Market Capitalization		 3,370 3,184 3,221 3,180 3,922 4,227 5,306 5,604 4,560 4,311
Book Value per Share		 $5.86 $5.83 $5.97 $5.97 $5.97 $6.49 $6.68 $6.84 $6.40 $6.70
Tangible Book Value per Share		 ($0.46) ($0.44) $0.21 ($0.39) ($0.15) $0.53 $0.81 $1.11 $0.08 $0.49
Total Capital		 2,248 2,168 2,083 2,260 2,473 2,627 2,554 2,572 2,637 2,686
Total Debt		 1,005 958 832 1,002 1,210 1,254 1,143 1,129 1,285 1,276
Total Long-Term Debt		 930 947 820 991 1,206 1,254 1,143 1,129 1,285 1,276
Net Debt		 990 952 827 976 1,199 946 957 964 1,263 1,271
Capital Expenditures (CapEx)		 91 93 78 101 104 96 202 170 137 179
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 157 141 120 129 18 27 40 75 6.03 103
Debt-free Net Working Capital (DFNWC)		 171 148 125 154 30 334 226 241 29 108
Net Working Capital (NWC)		 97 136 113 143 26 334 226 241 29 108
Net Nonoperating Expense (NNE)		 3.13 5.72 7.10 12 10 92 18 3.44 12 15
Net Nonoperating Obligations (NNO)		 954 915 812 970 1,199 946 957 964 1,263 1,271
Total Depreciation and Amortization (D&A)		 132 141 147 144 144 141 137 142 152 159
Debt-free, Cash-free Net Working Capital to Revenue		 4.15% 3.60% 3.07% 3.26% 0.45% 0.61% 0.93% 1.57% 0.12% 2.01%
Debt-free Net Working Capital to Revenue		 4.53% 3.76% 3.20% 3.90% 0.72% 7.61% 5.22% 5.00% 0.56% 2.11%
Net Working Capital to Revenue		 2.56% 3.47% 2.89% 3.63% 0.63% 7.61% 5.22% 5.00% 0.56% 2.11%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.79 $0.72 $0.74 $0.78 $0.72 $0.97 $1.08 $0.58 $1.18
Adjusted Weighted Average Basic Shares Outstanding		 210.79M 208.51M 209.57M 211.02M 211.61M 211.78M 211.84M 211.90M 211.63M 211.02M
Adjusted Diluted Earnings per Share		 $0.00 $0.78 $0.71 $0.74 $0.78 $0.72 $0.97 $1.07 $0.58 $1.17
Adjusted Weighted Average Diluted Shares Outstanding		 213.36M 210.35M 210.44M 211.63M 211.97M 212.35M 213.03M 213.23M 213.36M 212.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 212.30M 208.90M 210.61M 210.90M 211.58M 211.70M 211.54M 211.27M 210.57M 210.84M
Normalized Net Operating Profit after Tax (NOPAT)		 195 190 165 184 193 271 225 238 147 276
Normalized NOPAT Margin		 5.15% 4.84% 4.22% 4.67% 4.68% 6.18% 5.20% 4.95% 2.89% 5.41%
Pre Tax Income Margin		 7.76% 6.35% 3.81% 4.99% 5.14% 4.57% 6.25% 6.22% 3.09% 6.45%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 11.11 7.56 4.46 5.75 5.75 5.49 6.19 10.51 4.73 9.39
NOPAT to Interest Expense		 7.17 4.86 4.30 4.74 4.50 6.29 4.71 8.02 3.71 7.08
EBIT Less CapEx to Interest Expense		 7.72 4.90 2.33 2.93 3.07 3.02 1.94 4.65 0.99 4.56
NOPAT Less CapEx to Interest Expense		 3.79 2.19 2.17 1.92 1.83 3.82 0.47 2.15 -0.03 2.25
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 63.66% 80.03% 93.91% 95.58% 97.23% 109.82% 85.31% 81.66% 158.18% 81.83%
Augmented Payout Ratio		 67.29% 157.15% 95.69% 97.16% 101.52% 110.33% 89.92% 96.80% 195.29% 90.98%

Quarterly Metrics and Ratios for Flowers Foods

This table displays calculated financial ratios and metrics derived from Flowers Foods' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 10/8/2022 12/31/2022 4/22/2023 7/15/2023 10/7/2023 12/30/2023 4/20/2024 7/13/2024 10/5/2024 12/28/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 12.68% 10.08% 6.86% 8.77% 3.55% 4.28% 2.76% -0.25% -0.73% -1.59%
EBITDA Growth		 5.53% 13.44% -11.52% 18.15% -126.40% -10.22% 8.93% 6.83% 646.01% 12.95%
EBIT Growth		 6.55% 19.89% -16.26% 23.60% -206.69% -22.15% 8.30% 7.44% 252.15% 22.96%
NOPAT Growth		 4.06% 19.90% -15.32% 22.37% -200.36% -20.68% 4.73% 5.36% 264.94% 20.33%
Net Income Growth		 4.31% 23.59% -17.38% 18.78% -215.30% -26.59% 3.30% 5.03% 239.06% 20.87%
EPS Growth		 5.56% 21.05% -17.50% 20.00% -215.79% -26.09% 3.03% 6.67% 240.91% 17.65%
Operating Cash Flow Growth		 17.33% 136.01% -53.32% 18.89% 19.23% 32.70% 81.44% -10.83% -11.26% 41.57%
Free Cash Flow Firm Growth		 -196.65% 220.39% 77.09% -612.20% 78.07% -1,755.74% 160.96% 151.88% 96.89% 87.88%
Invested Capital Growth		 116.29% 1.63% 14.04% 14.23% 9.67% 8.61% -3.04% -2.66% 2.94% 2.56%
Revenue Q/Q Growth		 2.58% -6.52% 41.73% -19.97% -2.34% -5.86% 39.66% -22.31% -2.81% -6.67%
EBITDA Q/Q Growth		 -15.38% 9.35% 42.04% -10.11% -118.91% 471.82% 72.34% -11.85% -3.34% -23.08%
EBIT Q/Q Growth		 -22.41% 15.22% 46.30% -5.49% -166.97% 184.07% 103.52% -6.24% -5.16% -32.06%
NOPAT Q/Q Growth		 -24.31% 17.67% 51.30% -9.19% -162.08% 193.00% 99.78% -8.65% -2.82% -32.15%
Net Income Q/Q Growth		 -24.50% 19.91% 45.50% -9.83% -173.29% 176.35% 104.74% -8.32% -2.96% -33.64%
EPS Q/Q Growth		 -24.00% 21.05% 43.48% -9.09% -173.33% 177.27% 100.00% -5.88% -3.13% -35.48%
Operating Cash Flow Q/Q Growth		 80.47% -35.60% -16.44% 22.44% 80.98% -28.33% 14.25% -39.83% 80.09% 14.34%
Free Cash Flow Firm Q/Q Growth		 -3,091.34% 100.82% -2,682.29% -5.51% 1.72% 38.17% 195.07% -10.21% -105.89% -140.94%
Invested Capital Q/Q Growth		 -1.27% 0.77% 13.59% 1.08% -5.21% -0.21% 1.41% 1.48% 0.24% -0.58%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 46.85% 46.83% 47.81% 49.02% 48.51% 47.94% 49.44% 49.93% 49.75% 48.84%
EBITDA Margin		 7.64% 8.94% 8.96% 10.06% -1.95% 7.70% 9.50% 10.78% 10.72% 8.84%
Operating Margin		 4.79% 5.92% 6.11% 7.21% -4.95% 4.42% 6.44% 7.77% 7.57% 5.52%
EBIT Margin		 4.80% 5.92% 6.11% 7.22% -4.95% 4.42% 6.44% 7.77% 7.58% 5.52%
Profit (Net Income) Margin		 3.50% 4.49% 4.61% 5.19% -3.90% 3.16% 4.63% 5.47% 5.46% 3.88%
Tax Burden Percent		 74.66% 76.00% 78.60% 75.58% 73.83% 77.43% 76.01% 74.06% 75.99% 75.78%
Interest Burden Percent		 97.59% 99.76% 95.94% 95.20% 106.65% 92.34% 94.63% 94.97% 94.71% 92.75%
Effective Tax Rate		 25.34% 24.00% 21.40% 24.42% 0.00% 22.57% 23.99% 25.94% 24.01% 24.22%
Return on Invested Capital (ROIC)		 9.63% 9.06% 9.18% 10.52% -6.98% 6.94% 9.33% 10.83% 11.09% 8.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.36% 9.04% 8.91% 10.24% -7.45% 6.67% 9.01% 10.56% 10.81% 7.80%
Return on Net Nonoperating Assets (RNNOA)		 2.13% 6.09% 6.74% 7.95% -5.83% 5.32% 8.09% 9.61% 9.85% 7.15%
Return on Equity (ROE)		 11.76% 15.14% 15.92% 18.47% -12.81% 12.25% 17.42% 20.44% 20.94% 15.22%
Cash Return on Invested Capital (CROIC)		 -60.72% 8.10% -4.60% -4.38% -3.41% -2.84% 8.25% 7.92% 6.69% 7.39%
Operating Return on Assets (OROA)		 6.78% 8.67% 8.80% 10.55% -7.37% 6.68% 9.57% 11.50% 11.32% 8.26%
Return on Assets (ROA)		 4.94% 6.57% 6.63% 7.59% -5.80% 4.77% 6.88% 8.09% 8.14% 5.80%
Return on Common Equity (ROCE)		 11.76% 15.14% 15.92% 18.47% -12.81% 12.25% 17.42% 20.44% 20.94% 15.22%
Return on Equity Simple (ROE_SIMPLE)		 15.27% 0.00% 14.61% 15.21% 9.92% 0.00% 9.14% 9.31% 17.11% 0.00%
Net Operating Profit after Tax (NOPAT)		 41 49 74 67 -42 39 77 71 69 46
NOPAT Margin		 3.57% 4.50% 4.80% 5.45% -3.46% 3.42% 4.90% 5.76% 5.76% 4.18%
Net Nonoperating Expense Percent (NNEP)		 0.27% 0.01% 0.27% 0.28% 0.47% 0.27% 0.33% 0.27% 0.28% 0.27%
Return On Investment Capital (ROIC_SIMPLE)		 - 1.89% - - - 1.47% - - - 1.73%
Cost of Revenue to Revenue		 53.15% 53.17% 52.19% 50.98% 51.49% 52.06% 50.56% 50.07% 50.25% 51.16%
SG&A Expenses to Revenue		 38.63% 37.86% 38.58% 38.75% 50.36% 39.67% 39.65% 38.48% 38.67% 39.96%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 42.06% 40.94% 41.69% 41.81% 53.46% 43.54% 42.99% 42.15% 42.18% 43.34%
Earnings before Interest and Taxes (EBIT)		 56 64 94 89 -59 50 102 95 90 61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 89 97 138 124 -23 87 150 132 128 98
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 3.39 3.88 3.73 3.34 3.16 3.37 3.73 3.27 3.35 3.06
Price to Tangible Book Value (P/TBV)		 22.35 23.98 52.92 41.83 136.75 280.70 107.09 71.04 50.68 41.51
Price to Revenue (P/Rev)		 1.03 1.17 1.11 0.98 0.86 0.90 1.00 0.88 0.92 0.84
Price to Earnings (P/E)		 22.22 24.54 25.54 21.98 31.88 36.95 40.84 35.12 19.60 17.37
Dividend Yield		 3.74% 3.28% 3.41% 3.84% 4.38% 4.21% 3.78% 4.34% 4.20% 4.64%
Earnings Yield		 4.50% 4.08% 3.91% 4.55% 3.14% 2.71% 2.45% 2.85% 5.10% 5.76%
Enterprise Value to Invested Capital (EV/IC)		 2.44 2.73 2.46 2.25 2.13 2.23 2.42 2.17 2.23 2.08
Enterprise Value to Revenue (EV/Rev)		 1.24 1.37 1.37 1.24 1.11 1.14 1.25 1.14 1.17 1.09
Enterprise Value to EBITDA (EV/EBITDA)		 13.41 14.73 15.74 13.91 16.72 17.92 19.03 16.90 12.11 10.99
Enterprise Value to EBIT (EV/EBIT)		 19.88 21.61 23.60 20.57 29.89 33.63 35.49 31.15 17.84 16.01
Enterprise Value to NOPAT (EV/NOPAT)		 26.02 28.33 30.79 26.91 38.36 42.87 46.07 40.90 23.57 21.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.14 18.20 22.83 20.29 17.12 16.67 16.17 15.01 16.05 13.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 33.98 0.00 0.00 0.00 0.00 28.85 27.01 33.78 28.51
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.79 0.78 0.89 0.89 0.92 0.95 0.94 0.95 0.93 0.91
Long-Term Debt to Equity		 0.79 0.78 0.89 0.89 0.92 0.95 0.94 0.95 0.93 0.91
Financial Leverage		 0.23 0.67 0.76 0.78 0.78 0.80 0.90 0.91 0.91 0.92
Leverage Ratio		 2.34 2.30 2.33 2.35 2.41 2.41 2.44 2.43 2.47 2.47
Compound Leverage Factor		 2.29 2.29 2.24 2.23 2.57 2.23 2.30 2.31 2.34 2.29
Debt to Total Capital		 43.99% 43.89% 47.08% 47.03% 47.82% 48.73% 48.41% 48.67% 48.13% 47.51%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 43.99% 43.89% 47.08% 47.03% 47.82% 48.73% 48.41% 48.67% 48.13% 47.51%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 56.01% 56.11% 52.92% 52.97% 52.18% 51.27% 51.59% 51.33% 51.87% 52.49%
Debt to EBITDA		 2.60 2.53 3.04 2.93 3.77 3.96 3.83 3.80 2.63 2.51
Net Debt to EBITDA		 2.20 2.16 2.98 2.90 3.72 3.89 3.79 3.78 2.60 2.50
Long-Term Debt to EBITDA		 2.60 2.53 3.04 2.93 3.77 3.96 3.83 3.80 2.63 2.51
Debt to NOPAT		 5.04 4.87 5.95 5.66 8.64 9.46 9.28 9.20 5.12 4.86
Net Debt to NOPAT		 4.26 4.16 5.83 5.61 8.54 9.30 9.16 9.15 5.06 4.84
Long-Term Debt to NOPAT		 5.04 4.87 5.95 5.66 8.64 9.46 9.28 9.20 5.12 4.86
Altman Z-Score		 3.50 3.82 3.59 3.44 3.08 3.24 3.51 3.35 3.43 3.30
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.41 1.43 1.32 1.35 1.07 1.04 1.11 1.19 1.24 1.20
Quick Ratio		 0.91 0.91 0.74 0.79 0.57 0.53 0.60 0.67 0.71 0.62
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,243 10 -263 -277 -273 -169 160 144 -8.48 -20
Operating Cash Flow to CapEx		 338.61% 182.60% 160.92% 205.14% 438.97% 249.29% 271.03% 155.09% 298.27% 212.63%
Free Cash Flow to Firm to Interest Expense		 -182.76 1.52 -24.26 -30.79 -31.88 -20.53 14.18 16.03 -0.98 -2.50
Operating Cash Flow to Interest Expense		 15.84 10.38 5.35 7.88 15.02 11.21 9.30 7.05 13.12 15.96
Operating Cash Flow Less CapEx to Interest Expense		 11.16 4.69 2.02 4.04 11.59 6.71 5.87 2.50 8.72 8.46
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.41 1.46 1.44 1.46 1.49 1.51 1.49 1.48 1.49 1.50
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 11.09 11.23 10.67 10.60 10.38 10.26 9.93 10.13 9.89 9.66
Fixed Asset Turnover		 6.09 5.83 5.52 5.59 5.61 5.62 5.35 5.35 5.36 5.30
Accounts Payable Turnover		 7.95 8.18 8.05 8.01 7.74 7.95 8.13 8.34 8.44 8.90
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 32.91 32.52 34.22 34.44 35.17 35.58 36.74 36.03 36.91 37.78
Days Payable Outstanding (DPO)		 45.89 44.63 45.34 45.58 47.18 45.90 44.90 43.75 43.26 41.02
Cash Conversion Cycle (CCC)		 -12.98 -12.12 -11.13 -11.14 -12.00 -10.32 -8.16 -7.72 -6.36 -3.24
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,389 2,407 2,734 2,764 2,620 2,614 2,651 2,690 2,697 2,681
Invested Capital Turnover		 2.69 2.01 1.91 1.93 2.01 2.03 1.91 1.88 1.93 1.93
Increase / (Decrease) in Invested Capital		 1,284 39 337 344 231 207 -83 -73 77 67
Enterprise Value (EV)		 5,822 6,568 6,727 6,208 5,592 5,822 6,411 5,835 6,008 5,582
Market Capitalization		 4,868 5,604 5,454 4,914 4,347 4,560 5,136 4,529 4,717 4,311
Book Value per Share		 $6.77 $6.84 $6.92 $6.94 $6.51 $6.40 $6.52 $6.56 $6.68 $6.70
Tangible Book Value per Share		 $1.03 $1.11 $0.49 $0.55 $0.15 $0.08 $0.23 $0.30 $0.44 $0.49
Total Capital		 2,561 2,572 2,762 2,775 2,634 2,637 2,667 2,697 2,712 2,686
Total Debt		 1,127 1,129 1,300 1,305 1,260 1,285 1,291 1,313 1,305 1,276
Total Long-Term Debt		 1,127 1,129 1,300 1,305 1,260 1,285 1,291 1,313 1,305 1,276
Net Debt		 954 964 1,273 1,294 1,245 1,263 1,275 1,306 1,290 1,271
Capital Expenditures (CapEx)		 32 38 36 35 29 37 39 41 38 61
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 68 75 146 182 30 6.03 50 106 124 103
Debt-free Net Working Capital (DFNWC)		 241 241 174 193 45 29 66 113 139 108
Net Working Capital (NWC)		 241 241 174 193 45 29 66 113 139 108
Net Nonoperating Expense (NNE)		 0.87 0.11 2.99 3.17 5.19 2.96 4.14 3.55 3.54 3.37
Net Nonoperating Obligations (NNO)		 954 964 1,273 1,294 1,245 1,263 1,275 1,306 1,290 1,271
Total Depreciation and Amortization (D&A)		 33 33 44 35 36 37 48 37 37 37
Debt-free, Cash-free Net Working Capital to Revenue		 1.45% 1.57% 2.98% 3.63% 0.60% 0.12% 0.98% 2.07% 2.42% 2.01%
Debt-free Net Working Capital to Revenue		 5.12% 5.00% 3.54% 3.87% 0.89% 0.56% 1.29% 2.21% 2.71% 2.11%
Net Working Capital to Revenue		 5.12% 5.00% 3.54% 3.87% 0.89% 0.56% 1.29% 2.21% 2.71% 2.11%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.19 $0.24 $0.33 $0.30 ($0.22) $0.17 $0.35 $0.32 $0.31 $0.20
Adjusted Weighted Average Basic Shares Outstanding		 212.02M 211.90M 211.77M 212.03M 211.52M 211.63M 211.08M 211.36M 210.82M 211.02M
Adjusted Diluted Earnings per Share		 $0.19 $0.23 $0.33 $0.30 ($0.22) $0.17 $0.34 $0.32 $0.31 $0.20
Adjusted Weighted Average Diluted Shares Outstanding		 213.33M 213.23M 213.40M 213.01M 211.52M 213.36M 212.11M 212.32M 211.98M 212.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 211.13M 211.27M 211.85M 211.32M 211.12M 210.57M 211.14M 210.60M 210.60M 210.84M
Normalized Net Operating Profit after Tax (NOPAT)		 46 49 77 69 -41 44 81 76 72 47
Normalized NOPAT Margin		 4.01% 4.50% 5.01% 5.60% -3.40% 3.87% 5.11% 6.24% 6.04% 4.22%
Pre Tax Income Margin		 4.69% 5.91% 5.86% 6.87% -5.28% 4.08% 6.09% 7.38% 7.18% 5.12%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 8.18 9.59 8.65 9.84 -6.94 6.08 8.99 10.61 10.39 7.52
NOPAT to Interest Expense		 6.09 7.29 6.80 7.43 -4.86 4.71 6.83 7.85 7.89 5.70
EBIT Less CapEx to Interest Expense		 3.50 3.91 5.33 6.00 -10.36 1.58 5.55 6.06 6.00 0.01
NOPAT Less CapEx to Interest Expense		 1.41 1.61 3.48 3.59 -8.28 0.21 3.40 3.31 3.49 -1.81
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 84.18% 81.66% 88.45% 85.50% 141.69% 158.18% 156.84% 154.35% 83.51% 81.83%
Augmented Payout Ratio		 99.96% 96.80% 105.08% 105.32% 164.35% 195.29% 191.59% 187.12% 99.14% 90.98%

Frequently Asked Questions About Flowers Foods' Financials

When does Flowers Foods's fiscal year end?

According to the most recent income statement we have on file, Flowers Foods' financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Flowers Foods' net income changed over the last 9 years?

Flowers Foods' net income appears to be on an upward trend, with a most recent value of $248.12 million in 2024, rising from $189.19 million in 2015. The previous period was $123.42 million in 2023. See Flowers Foods' forecast for analyst expectations on what’s next for the company.

What is Flowers Foods's operating income?
Flowers Foods's total operating income in 2024 was $348.29 million, based on the following breakdown:
  • Total Gross Profit: $2.53 billion
  • Total Operating Expenses: $2.18 billion
How has Flowers Foods revenue changed over the last 9 years?

Over the last 9 years, Flowers Foods' total revenue changed from $3.78 billion in 2015 to $5.10 billion in 2024, a change of 35.1%.

How much debt does Flowers Foods have?

Flowers Foods' total liabilities were at $1.99 billion at the end of 2024, a 4.1% decrease from 2023, and a 24.3% increase since 2015.

How much cash does Flowers Foods have?

In the past 9 years, Flowers Foods' cash and equivalents has ranged from $5.01 million in 2024 to $307.48 million in 2020, and is currently $5.01 million as of their latest financial filing in 2024.

How has Flowers Foods' book value per share changed over the last 9 years?

Over the last 9 years, Flowers Foods' book value per share changed from 5.86 in 2015 to 6.70 in 2024, a change of 14.3%.


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This page (NYSE:FLO) was last updated on 5/6/2025 by MarketBeat.com Staff
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