Flowers Foods, Inc. (FLO) Key Metrics
FLO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.30B
- Enterprise value
- $3.19B
- P/E (TTM)
- 22.6 10-yr median 27.3
- Forward P/E
- 22.9
- PEG ratio
- 6.10
- Price / sales
- 0.2 10-yr median 1.1
- Price / book
- 0.9 10-yr median 3.5
- EV / EBITDA
- 9.7 10-yr median 14.8
- Dividend yield
- 8.18% $0.50 a year
- Beta
- 0.43
FLO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFLO valuation Price multiples at each fiscal year-end price.
FLO returns How much profit the business earns on the capital it uses.
FLO per-share figures Results divided by the shares outstanding at year-end.
FLO financial health Debt, liquidity and how easily interest is covered.
FLO efficiency & capital use Working capital cycle and where the cash goes.
FLO valuation history
FLO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FLO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FLO cash returned to shareholders
FLO price vs earnings per share
FLO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.31B | $4.38B | $4.80B | $6.13B | $5.85B | $4.81B | $4.61B | $3.91B | $4.06B | $4.20B |
| Enterprise value | $4.38B | $5.74B | $6.13B | $7.16B | $6.87B | $5.82B | $5.88B | $4.90B | $4.90B | $5.17B |
| P/E ratio | 27.5 | 17.7 | 38.9 | 26.8 | 28.4 | 31.5 | 28.0 | 24.9 | 27.1 | 25.6 |
| Price / sales | 0.4 | 0.9 | 0.9 | 1.3 | 1.4 | 1.1 | 1.1 | 1.0 | 1.0 | 1.1 |
| Price / book | 1.8 | 3.1 | 3.6 | 4.2 | 4.1 | 3.5 | 3.6 | 3.1 | 3.2 | 3.5 |
| Price / free cash flow | 7.2 | 15.6 | 21.8 | 31.9 | 29.5 | 13.5 | 17.5 | 19.9 | 18.3 | 16.5 |
| Price / operating cash flow | 5.2 | 10.6 | 13.7 | 17.0 | 17.0 | 10.6 | 12.6 | 13.2 | 13.7 | 11.8 |
| EV / sales | 0.8 | 1.1 | 1.2 | 1.5 | 1.6 | 1.3 | 1.4 | 1.2 | 1.2 | 1.3 |
| EV / EBITDA | 12.2 | 10.9 | 17.7 | 15.2 | 15.7 | 15.3 | 14.9 | 13.0 | 14.7 | 12.2 |
| EV / free cash flow | 13.7 | 20.4 | 27.8 | 37.3 | 34.6 | 16.3 | 22.3 | 24.9 | 22.0 | 20.3 |
| Earnings yield | 3.6% | 5.7% | 2.6% | 3.7% | 3.5% | 3.2% | 3.6% | 4.0% | 3.7% | 3.9% |
| Free cash flow yield | 13.8% | 6.4% | 4.6% | 3.1% | 3.4% | 7.4% | 5.7% | 5.0% | 5.5% | 6.1% |
| Dividend yield | 9.1% | 4.6% | 4.1% | 3.0% | 3.0% | 3.5% | 3.5% | 3.8% | 3.5% | 3.1% |
| Shareholder yield (dividends + buybacks) | 9.3% | 5.2% | 5.0% | 3.6% | 3.2% | 3.5% | 3.6% | 3.9% | 3.5% | 6.1% |
| Share price at fiscal year-end | $10.88 | $20.66 | $22.51 | $28.74 | $27.47 | $22.63 | $21.74 | $18.47 | $19.31 | $19.97 |
| Per share | ||||||||||
| Revenue per share | $24.78 | $24.06 | $23.86 | $22.54 | $20.33 | $20.66 | $19.46 | $18.67 | $18.63 | $18.67 |
| Earnings per share | $0.40 | $1.17 | $0.58 | $1.07 | $0.97 | $0.72 | $0.78 | $0.74 | $0.71 | $0.78 |
| Operating cash flow per share | $2.10 | $1.95 | $1.64 | $1.69 | $1.62 | $2.14 | $1.73 | $1.40 | $1.41 | $1.70 |
| Free cash flow per share | $1.50 | $1.32 | $1.03 | $0.90 | $0.93 | $1.68 | $1.24 | $0.93 | $1.06 | $1.21 |
| Cash per share | $0.06 | $0.02 | $0.11 | $0.77 | $0.87 | $1.45 | $0.05 | $0.12 | $0.02 | $0.03 |
| Book value per share | $6.15 | $6.65 | $6.34 | $6.77 | $6.62 | $6.47 | $5.96 | $5.95 | $5.94 | $5.75 |
| Tangible book value per share | −$3.44 | $0.49 | $0.08 | $1.10 | $0.80 | $0.53 | −$0.15 | −$0.39 | $0.21 | −$0.43 |
| Dividends per share | $0.99 | $0.96 | $0.91 | $0.87 | $0.83 | $0.79 | $0.75 | $0.71 | $0.67 | $0.62 |
| Capex per share | $0.60 | $0.62 | $0.60 | $0.79 | $0.69 | $0.46 | $0.49 | $0.47 | $0.36 | $0.48 |
| Debt per share | $9.82 | $6.41 | $6.33 | $5.59 | $5.67 | $6.23 | $6.06 | $4.78 | $3.98 | $4.65 |
| Shares outstanding | 212.1M | 212.1M | 213.4M | 213.2M | 213.0M | 212.3M | 212.0M | 211.6M | 210.4M | 210.4M |
| Change in shares outstanding | −0.0% | −0.6% | +0.1% | +0.1% | +0.3% | +0.2% | +0.2% | +0.6% | +0.0% | −1.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.2% | 18.0% | 8.8% | 16.0% | 14.8% | 11.6% | 13.0% | 12.5% | 12.2% | 13.4% |
| Return on invested capital (ROIC) | 4.1% | 9.7% | 5.3% | 9.5% | 9.3% | 9.9% | 7.3% | 7.8% | 7.5% | 7.8% |
| Return on assets (ROA) | 2.2% | 7.3% | 3.7% | 7.0% | 6.3% | 4.7% | 5.5% | 5.7% | 5.5% | 5.8% |
| Return on tangible assets | 3.9% | 11.8% | 5.9% | 10.9% | 10.2% | 7.4% | 8.7% | 10.4% | 10.3% | 11.2% |
| Free cash flow margin | 6.1% | 5.5% | 4.3% | 4.0% | 4.6% | 8.1% | 6.4% | 5.0% | 5.7% | 6.5% |
| Income quality (OCF / net income) | 5.32 | 1.66 | 2.83 | 1.58 | 1.67 | 2.98 | 2.23 | 1.88 | 1.98 | 2.18 |
| Financial health | ||||||||||
| Total debt | $2.08B | $1.36B | $1.35B | $1.19B | $1.21B | $1.32B | $1.28B | $1.01B | $837.9M | $978.1M |
| Cash & short-term investments | $12.1M | $5.0M | $22.5M | $165.1M | $185.9M | $307.5M | $11.0M | $25.3M | $5.1M | $6.4M |
| Net debt | $2.07B | $1.35B | $1.33B | $1.03B | $1.02B | $1.02B | $1.27B | $986.8M | $832.8M | $971.7M |
| Debt / equity | 1.60 | 0.96 | 1.00 | 0.83 | 0.86 | 0.96 | 1.02 | 0.80 | 0.67 | 0.81 |
| Debt / assets | 0.50 | 0.40 | 0.39 | 0.36 | 0.37 | 0.40 | 0.40 | 0.36 | 0.32 | 0.35 |
| Net debt / EBITDA | 5.77 | 2.58 | 3.85 | 2.19 | 2.33 | 2.67 | 3.22 | 2.62 | 2.51 | 2.29 |
| Current ratio | 0.75 | 1.20 | 1.04 | 1.43 | 1.44 | 1.66 | 1.05 | 1.33 | 1.27 | 1.38 |
| Quick ratio | 0.44 | 0.72 | 0.63 | 1.00 | 1.04 | 1.28 | 0.68 | 0.85 | 0.81 | 0.87 |
| Interest coverage | 2.3 | 9.4 | 4.7 | 10.5 | 9.4 | 8.3 | 5.8 | 6.0 | 4.4 | 7.6 |
| Working capital | −$247.1M | $107.8M | $28.6M | $240.5M | $226.2M | $334.1M | $25.8M | $127.9M | $101.4M | $126.6M |
| Invested capital | $3.38B | $2.76B | $2.68B | $2.47B | $2.43B | $2.39B | $2.54B | $2.25B | $2.08B | $2.18B |
| Tangible asset value | −$729.0M | $103.8M | $16.2M | $233.7M | $170.6M | $112.8M | −$32.0M | −$82.0M | $43.5M | −$91.5M |
| Net current asset value | −$2.15B | −$1.33B | −$1.39B | −$1.06B | −$1.10B | −$1.11B | −$1.36B | −$1.07B | −$925.8M | −$1.10B |
| Graham number | $7.39 | $13.23 | $9.08 | $12.77 | $12.01 | $10.22 | $10.20 | $9.97 | $9.77 | $10.04 |
| Graham net-net per share | −$11.48 | −$7.51 | −$7.77 | −$6.20 | −$6.18 | −$6.21 | −$7.46 | −$5.90 | −$5.23 | −$5.96 |
| Capital allocation | ||||||||||
| Dividends paid | $209.3M | $203.0M | $195.2M | $186.5M | $175.9M | $167.3M | $160.0M | $150.2M | $141.0M | $131.1M |
| Share buybacks (net) | $5.5M | $22.7M | $45.8M | $34.6M | $9.5M | $783,000 | $7.1M | $2.5M | $2.7M | $126.3M |
| Dividend payout ratio | 249.7% | 81.8% | 158.2% | 81.7% | 85.3% | 109.8% | 97.2% | 95.6% | 93.9% | 80.0% |
| Dividends + buybacks / free cash flow | 67.3% | 80.5% | 109.4% | 115.3% | 93.4% | 47.1% | 63.4% | 77.7% | 64.7% | 101.0% |
| Capex / revenue | 2.4% | 2.6% | 2.5% | 3.5% | 3.4% | 2.2% | 2.5% | 2.5% | 1.9% | 2.6% |
| Capex / operating cash flow | 28.5% | 32.0% | 36.9% | 46.8% | 42.4% | 21.5% | 28.3% | 33.6% | 25.3% | 28.5% |
| Capex / depreciation | 0.76 | 0.83 | 0.85 | 1.19 | 1.07 | 0.69 | 0.72 | 0.69 | 0.51 | 0.72 |
| Stock-based compensation / revenue | 0.6% | 0.6% | 0.5% | 0.5% | 0.5% | 0.3% | 0.2% | 0.2% | 0.4% | 0.5% |
| R&D / revenue | — | 0.6% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 39.5% | 39.2% | 43.6% | 40.3% | 41.5% | 40.0% | 39.4% | 39.2% | 40.5% | 38.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.2 | 24.8 | 24.9 | 25.4 | 26.1 | 25.0 | 26.2 | 26.9 | 26.2 | 25.7 |
| Days of inventory on hand | 38.2 | 37.8 | 35.6 | 32.5 | 33.3 | 32.2 | 32.4 | 31.8 | 31.1 | 30.5 |
| Days payables outstanding | 38.9 | 41.0 | 45.9 | 44.6 | 41.5 | 38.1 | 40.2 | 37.4 | 32.2 | 31.1 |
| Cash conversion cycle (days) | 24.4 | 21.5 | 14.6 | 13.2 | 18.0 | 19.1 | 18.3 | 21.3 | 25.1 | 25.1 |
| Receivables turnover | 14.48 | 14.73 | 14.65 | 14.40 | 13.96 | 14.58 | 13.96 | 13.59 | 13.93 | 14.22 |
| Payables turnover | 9.37 | 8.90 | 7.95 | 8.18 | 8.80 | 9.57 | 9.07 | 9.76 | 11.34 | 11.75 |
| Inventory turnover | 9.57 | 9.66 | 10.26 | 11.23 | 10.96 | 11.32 | 11.28 | 11.48 | 11.73 | 11.96 |
| Asset turnover | 1.39 | 1.50 | 1.51 | 1.46 | 1.32 | 1.35 | 1.37 | 1.44 | 1.45 | 1.40 |
| Average receivables | $362.9M | $346.6M | $347.5M | $333.8M | $310.2M | $300.9M | $295.5M | $290.8M | $281.5M | $276.2M |
| Average payables | $286.7M | $289.7M | $331.0M | $305.9M | $247.2M | $229.5M | $237.5M | $211.7M | $177.2M | $172.5M |
| Average inventory | $281.0M | $266.8M | $256.6M | $222.9M | $198.4M | $193.9M | $191.1M | $180.0M | $171.4M | $169.4M |
| Intangibles / total assets | 48.6% | 38.4% | 39.0% | 36.5% | 38.1% | 37.9% | 40.8% | 47.1% | 45.4% | 47.1% |
Computed from FLO's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FLO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Flowers Foods traded at 27.5 times earnings, against a 10-year median of 27.3. Based on the latest twelve months, the trailing P/E is 22.6 and the forward P/E is 22.9. Flowers Foods earned a return on equity of 6.2% and a return on invested capital of 4.1% in fiscal 2025. It ended the year with $2.1 billion of debt and $12.1 million in cash and short-term investments, net debt of $2.1 billion. It returned $214.8 million to shareholders: $209.3 million in dividends and $5.5 million in share buybacks, 67% of free cash flow.
See the FLO income statement, the FLO chart for price history, or the FLO stock overview for the latest quote and news.
FLO key metrics FAQ
What is Flowers Foods's P/E ratio?
Flowers Foods's trailing P/E ratio is 22.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.9. At the end of fiscal 2025 it was 27.5, compared with a 10-year median of 27.3.
What is Flowers Foods's EV/EBITDA?
Flowers Foods's enterprise value was 12.2 times EBITDA at the end of fiscal 2025 (enterprise value $4.4 billion, EBITDA $359.2 million); the current EV/EBITDA is 9.7.
What is Flowers Foods's return on equity?
Flowers Foods's return on equity (ROE) was 6.2% in fiscal 2025: net income of $83.8 million on average shareholders' equity of $1.4 billion.
What is Flowers Foods's ROIC?
Flowers Foods's return on invested capital was 4.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Flowers Foods have?
Flowers Foods had total debt of $2.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.60 and $2.1 billion of net debt (5.77 times EBITDA).
What is Flowers Foods's dividend yield?
Flowers Foods's forward dividend yield is 8.18%. Flowers Foods paid $209.3 million in dividends in fiscal 2025 ($0.99 per share), a payout ratio of 249.7%.
Does Flowers Foods buy back its shares?
Yes. Flowers Foods spent $5.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.0% over the year, to 212.1M..
What is Flowers Foods's free cash flow yield?
Flowers Foods generated $319.1 million of free cash flow in fiscal 2025, a free cash flow yield of 13.8% on its market value at year-end ($2.3 billion).
What is Flowers Foods's current ratio?
Flowers Foods's current ratio was 0.75 at the end of fiscal 2025: current assets were 0.75 times current liabilities.