Flowers Foods
FLO · Packaged Foods & Meats
$6.15
4.2%McCormick
MKC · Packaged Foods & Meats
$48.12
1.2%The short version
- McCormick is the larger business, with $6.8B of revenue in fiscal 2025 against $5.3B for Flowers Foods.
- Flowers Foods grew revenue faster (3.0%, against 1.7%).
- McCormick kept more of each dollar of sales as operating profit (15.7% operating margin, against 3.3% operating margin).
- McCormick turned more of its sales into free cash flow (10.8% FCF margin, against 6.1% FCF margin).
- McCormick earned a higher return on the capital invested in it (8.7%, against 4.6%).
- Investors pay more for each dollar of Flowers Foods’s earnings: a P/E of 22.8x against 8.7x for McCormick.
| Latest fiscal year | FLO · FY25 | MKC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $1.3B | $13.0B |
| Revenue | $5.3B | $6.8B |
| Free cash flow | $319M | $740M |
| Net income | $83.8M | $789M |
| Growth | ||
| Revenue growth | 3.0% | 1.7% |
| 5-year growth | 3.7% | 4.1% |
| Share count change | −0.0% | −0.1% |
| Profitability | ||
| Gross margin | — | 37.9% |
| Operating margin | 3.3% | 15.7% |
| Net margin | 1.6% | 11.5% |
| FCF margin | 6.1% | 10.8% |
| Return on capital | 4.6% | 8.7% |
| Return on equity | 6.2% | 14.3% |
| Balance sheet | ||
| Net debt | $1.7B | $4.0B |
| Net debt / EBITDA | 5.1x | 3.1x |
| Dividends and buybacks | $215M | $518M |
| Valuation & quality | ||
| P/E | 22.8x | 8.7x |
| Piotroski F-score | 5 | 6 |
FY16
FLO $3.9B
MKC $4.4B
FY17
FLO $3.9B
MKC $4.7B
FY18
FLO $4.0B
MKC $5.3B
FY19
FLO $4.1B
MKC $5.3B
FY20
FLO $4.4B
MKC $5.6B
FY21
FLO $4.3B
MKC $6.3B
FY22
FLO $4.8B
MKC $6.4B
FY23
FLO $5.1B
MKC $6.7B
FY24
FLO $5.1B
MKC $6.7B
FY25
FLO $5.3B
MKC $6.8B
FLO
MKC
FY16
FLO 6.8%
MKC 14.5%
FY17
FLO 4.1%
MKC 14.8%
FY18
FLO 5.4%
MKC 16.8%
FY19
FLO 5.5%
MKC 17.9%
FY20
FLO 7.3%
MKC 17.8%
FY21
FLO 6.8%
MKC 16.1%
FY22
FLO 6.3%
MKC 13.6%
FY23
FLO 3.4%
MKC 14.5%
FY24
FLO 6.8%
MKC 15.8%
FY25
FLO 3.3%
MKC 15.7%
FLO
MKC
FY16
FLO $255M
MKC $504M
FY17
FLO $222M
MKC $633M
FY18
FLO $196M
MKC $652M
FY19
FLO $263M
MKC $773M
FY20
FLO $357M
MKC $816M
FY21
FLO $209M
MKC $550M
FY22
FLO $192M
MKC $390M
FY23
FLO $220M
MKC $973M
FY24
FLO $281M
MKC $647M
FY25
FLO $319M
MKC $740M
FLO
MKC
FY16
FLO 8.9%
MKC 16.0%
FY17
FLO 7.9%
MKC 10.1%
FY18
FLO 7.9%
MKC 11.7%
FY19
FLO 8.0%
MKC 10.0%
FY20
FLO 11.7%
MKC 9.9%
FY21
FLO 10.8%
MKC 8.8%
FY22
FLO 10.8%
MKC 7.2%
FY23
FLO 6.0%
MKC 7.9%
FY24
FLO 10.9%
MKC 8.9%
FY25
FLO 4.6%
MKC 8.7%
FLO
MKC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.