Flowers Foods, Inc. (FLO) Income Statement
FLO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFLO revenue and net income
Where FLO's revenue goes
2025Each bar shows an amount and its share of revenue. FLO kept 1.6% of revenue as net income.
FLO profit margins
FLO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.0% | +3.0% | +3.7% | +3.4% |
| Gross profit | +1.7% | +3.7% | +3.2% | +3.5% |
| Operating income | −50.0% | −16.9% | −11.6% | −5.2% |
| Net income | −66.2% | −28.4% | −11.3% | −7.8% |
| EPS (diluted) | −14.7% | −21.0% | −3.4% | +1.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FLO quarterly EPS vs estimates
Flowers Foods beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.15).
FLO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.26B | $5.10B | $5.09B | $4.81B | $4.33B | $4.39B | $4.12B | $3.95B | $3.92B | $3.93B |
| Cost of revenue | $2.69B | $2.58B | $2.63B | $2.50B | $2.18B | $2.20B | $2.16B | $2.07B | $2.01B | $2.03B |
| Gross profit | $2.57B | $2.53B | $2.46B | $2.30B | $2.16B | $2.19B | $1.97B | $1.89B | $1.91B | $1.90B |
| Research & development | — | $32.5M | $5.9M | $6.1M | $5.6M | $4.0M | $4.3M | $4.9M | $2.4M | $3.0M |
| Sales, general & admin | $2.08B | $2.00B | $2.22B | $1.94B | $1.80B | $1.75B | $1.62B | $1.55B | $1.59B | $1.51B |
| Total operating expenses | $2.39B | $2.18B | $2.29B | $2.00B | $1.86B | $1.87B | $1.74B | $1.67B | $1.75B | $1.64B |
| Operating income | $174.0M | $348.3M | $172.9M | $303.2M | $294.9M | $321.5M | $225.4M | $212.3M | $161.0M | $264.9M |
| Interest income | $59.3M | $17.5M | $20.6M | $5.3M | $8.0M | $12.1M | $27.8M | $27.8M | $22.9M | $20.6M |
| Interest expense | $76.7M | $37.1M | $36.6M | $28.9M | $31.5M | $38.8M | $38.8M | $35.7M | $36.6M | $34.9M |
| Income before taxes | $115.1M | $328.9M | $157.1M | $298.7M | $270.8M | $200.7M | $212.1M | $197.2M | $149.3M | $249.5M |
| Income taxes | $31.2M | $80.8M | $33.7M | $70.3M | $64.6M | $48.4M | $47.5M | $40.0M | −$827,000 | $85.8M |
| Net income | $83.8M | $248.1M | $123.4M | $228.4M | $206.2M | $152.3M | $164.5M | $157.2M | $150.1M | $163.8M |
| EBITDA | $359.2M | $525.3M | $345.4M | $469.6M | $438.9M | $380.7M | $395.2M | $376.8M | $332.4M | $425.1M |
| EPS (diluted) | $1.10 | $1.29 | $1.20 | $2.23 | $1.23 | $1.31 | $0.97 | $0.94 | $0.89 | $0.91 |
| Gross margin | 48.9% | 49.5% | 48.3% | 47.9% | 49.8% | 50.0% | 47.7% | 47.7% | 48.7% | 48.4% |
| Operating margin | 3.3% | 6.8% | 3.4% | 6.3% | 6.8% | 7.3% | 5.5% | 5.4% | 4.1% | 6.7% |
| Net margin | 1.6% | 4.9% | 2.4% | 4.8% | 4.8% | 3.5% | 4.0% | 4.0% | 3.8% | 4.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.57B | $1.23B | $1.23B | $1.24B | $1.55B | $1.11B | $1.19B | $1.22B | $1.58B | $1.13B | $1.20B |
| Cost of revenue | $615.0M | $795.4M | $634.5M | $638.7M | $636.1M | $778.3M | $568.5M | $598.2M | $613.4M | $797.2M | $587.7M | $617.5M |
| Gross profit | $577.9M | $776.2M | $598.4M | $587.9M | $606.8M | $775.9M | $542.7M | $592.4M | $611.6M | $779.6M | $541.3M | $581.8M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $20.1M | — |
| Sales, general & admin | $473.2M | $643.1M | $492.9M | $476.0M | $473.5M | $633.4M | $444.0M | $460.2M | $471.4M | $630.0M | $448.2M | $604.0M |
| Total operating expenses | $509.8M | $696.4M | $669.5M | $521.3M | $513.4M | $690.8M | $481.3M | $502.2M | $516.4M | $678.1M | $491.4M | $641.1M |
| Operating income | $68.1M | $79.8M | −$71.1M | $66.5M | $93.4M | $85.1M | $61.4M | $90.2M | $95.2M | $101.5M | $49.9M | −$59.3M |
| Interest income | $4.1M | $5.0M | $15.8M | $3.8M | $3.8M | $5.6M | $3.8M | $3.9M | $4.1M | $5.7M | $4.3M | $4.5M |
| Interest expense | $17.9M | $24.7M | $19.9M | $18.2M | $18.9M | $19.7M | $8.2M | $8.7M | $9.0M | $11.3M | $8.2M | $8.6M |
| Income before taxes | $54.3M | $60.1M | −$86.7M | $52.2M | $78.5M | $71.2M | $56.9M | $85.5M | $90.4M | $96.1M | $46.1M | −$63.3M |
| Income taxes | $13.6M | $18.0M | −$19.7M | $12.6M | $20.1M | $18.2M | $13.8M | $20.5M | $23.5M | $23.1M | $10.4M | −$16.6M |
| Net income | $40.7M | $42.1M | −$67.1M | $39.5M | $58.4M | $53.0M | $43.1M | $65.0M | $67.0M | $73.0M | $35.7M | −$46.7M |
| EBITDA | $110.7M | $136.5M | −$28.4M | $110.2M | $137.2M | $140.1M | $101.9M | $131.5M | $136.2M | $155.6M | $91.3M | −$18.8M |
| EPS (diluted) | $0.21 | $0.29 | $0.22 | $0.23 | $0.30 | $0.35 | $0.22 | $0.33 | $0.36 | $0.38 | $0.20 | $0.29 |
| Gross margin | 48.4% | 49.4% | 48.5% | 47.9% | 48.8% | 49.9% | 48.8% | 49.8% | 49.9% | 49.4% | 47.9% | 48.5% |
| Operating margin | 5.7% | 5.1% | −5.8% | 5.4% | 7.5% | 5.5% | 5.5% | 7.6% | 7.8% | 6.4% | 4.4% | −4.9% |
| Net margin | 3.4% | 2.7% | −5.4% | 3.2% | 4.7% | 3.4% | 3.9% | 5.5% | 5.5% | 4.6% | 3.2% | −3.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FLO's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FLO financial results
In fiscal year 2025 (ended December 31, 2025), Flowers Foods reported revenue of $5.3 billion, up 3.0% from the year before. It had net income of $83.8 million (down 66.2%), a net profit margin of 1.6%. Diluted earnings per share came to $1.10. Over five years revenue grew at an average rate of 3.7% a year.
See the FLO stock overview for the latest quote and news, or the FLO chart for price history and technical indicators.
FLO income statement FAQ
What is Flowers Foods's annual revenue?
Flowers Foods reported total revenue of $5.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.0% from $5.1 billion the previous year.
Is Flowers Foods profitable?
Yes. Flowers Foods reported net income of $83.8 million in fiscal 2025, a net profit margin of 1.6%; its operating margin was 3.3%.
What is Flowers Foods's gross margin?
Flowers Foods's gross margin was 48.9% in fiscal 2025: for every $100 of revenue, Flowers Foods kept $49 after the direct cost of its products and services.
How fast is Flowers Foods growing?
Revenue grew 3.7% a year on average over the last five fiscal years, from $4.4 billion to $5.3 billion.
What are Flowers Foods's earnings per share?
Flowers Foods earned $1.10 per diluted share in fiscal 2025, compared with $1.29 a year earlier.
When will Flowers Foods report its next earnings?
Flowers Foods is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Flowers Foods's fiscal year end?
Flowers Foods's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.