Flowers Foods, Inc. (FLO) Financial Ratios
28 years of historical data (1998–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↓
7.86
↓-45% vs avg
5yr avg: 14.29
30Y Low5.0·High18.9
P/FCF
↓
4.88
↓-80% vs avg
5yr avg: 24.03
30Y Low7.2·High47.1
P/B Ratio
↓
1.20
↓-64% vs avg
5yr avg: 3.36
30Y Low0.6·High4.4
ROE
↓
6.2%
↑-52% vs avg
5yr avg: 12.8%
30Y Low-3%·High24%
Debt/EBITDA
↑
4.72
↑+39% vs avg
5yr avg: 3.41
30Y Low0.1·High4.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FLO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Flowers Foods, Inc. trades at 18.4x earnings, 34% below its 5-year average of 27.7x, sitting at the 16th percentile of its historical range. This is roughly in line with the Consumer Defensive sector median P/E of 18.7x. On a free-cash-flow basis, the stock trades at 4.9x P/FCF, 80% below the 5-year average of 24.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.3B | $4.3B | $4.8B | $6.1B | $5.9B | $4.8B | $4.6B | $3.9B | $4.1B | $4.2B |
| Enterprise Value | $3.9B | $4.6B | $5.7B | $6.1B | $7.2B | $6.9B | $5.8B | $5.9B | $4.9B | $4.9B | $5.2B |
| P/E Ratio → | 18.38 | 26.97 | 17.50 | 38.81 | 26.86 | 28.32 | 31.43 | 27.87 | 24.96 | 27.20 | 25.60 |
| P/S Ratio | 0.30 | 0.44 | 0.85 | 0.94 | 1.28 | 1.35 | 1.10 | 1.12 | 0.99 | 1.04 | 1.07 |
| P/B Ratio | 1.20 | 1.76 | 3.08 | 3.55 | 4.25 | 4.15 | 3.50 | 3.65 | 3.11 | 3.25 | 3.47 |
| P/FCF | 4.88 | 7.17 | 15.48 | 21.80 | 31.95 | 43.75 | 13.48 | 17.50 | 19.90 | 18.29 | 16.48 |
| P/OCF | 3.49 | 5.13 | 10.52 | 13.75 | 16.98 | 16.98 | 10.57 | 12.56 | 13.21 | 13.66 | 11.78 |
P/E links to full P/E history page with 30-year chart
FLO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Flowers Foods, Inc.'s enterprise value stands at 7.9x EBITDA, 45% below its 5-year average of 14.3x. The Consumer Defensive sector median is 11.0x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.88 | 1.12 | 1.20 | 1.49 | 1.59 | 1.33 | 1.43 | 1.24 | 1.25 | 1.32 |
| EV / EBITDA | 7.86 | 9.34 | 11.22 | 18.89 | 16.07 | 15.93 | 12.58 | 15.91 | 13.73 | 15.91 | 12.75 |
| EV / EBIT | 11.89 | 24.03 | 15.56 | 31.65 | 21.84 | 22.74 | 24.32 | 23.44 | 21.03 | 26.35 | 18.18 |
| EV / FCF | — | 14.44 | 20.30 | 27.83 | 37.30 | 51.39 | 16.33 | 22.34 | 24.92 | 22.04 | 20.30 |
FLO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Flowers Foods, Inc. earns an operating margin of 6.2%, above the Consumer Defensive sector average of 3.4%. Operating margins have expanded from 3.4% to 6.2% over the past 3 years, signaling improving operational efficiency. ROE of 6.2% is modest, trailing the sector median of 6.5%. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.9% | 48.9% | 49.5% | 48.3% | 47.9% | 49.8% | 50.0% | 47.7% | 47.7% | 48.7% | 48.4% |
| Operating Margin | 6.2% | 6.2% | 6.8% | 3.4% | 6.3% | 6.8% | 7.3% | 5.5% | 5.4% | 4.1% | 6.7% |
| Net Profit Margin | 1.6% | 1.6% | 4.9% | 2.4% | 4.8% | 4.8% | 3.5% | 4.0% | 4.0% | 3.8% | 4.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.2% | 6.2% | 18.0% | 8.8% | 16.0% | 14.8% | 11.6% | 13.0% | 12.5% | 12.2% | 13.4% |
| ROA | 2.2% | 2.2% | 7.3% | 3.7% | 7.0% | 6.3% | 4.7% | 5.5% | 5.7% | 5.5% | 5.8% |
| ROIC | 7.7% | 7.7% | 9.6% | 5.0% | 9.3% | 9.2% | 9.8% | 7.1% | 7.4% | 5.7% | 9.0% |
| ROCE | 10.8% | 10.8% | 12.4% | 6.3% | 11.1% | 10.6% | 11.8% | 8.8% | 9.0% | 6.9% | 10.9% |
FLO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Flowers Foods, Inc. carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (35% above the sector average of 3.5x). Net debt stands at $2.3B ($2.3B total debt minus $12M cash). Interest coverage of just 2.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.79 | 1.79 | 0.96 | 1.00 | 0.83 | 0.86 | 0.96 | 1.02 | 0.80 | 0.67 | 0.81 |
| Debt / EBITDA | 4.72 | 4.72 | 2.68 | 4.16 | 2.68 | 2.80 | 2.86 | 3.48 | 2.84 | 2.72 | 2.41 |
| Net Debt / Equity | — | 1.78 | 0.96 | 0.98 | 0.71 | 0.72 | 0.74 | 1.01 | 0.78 | 0.67 | 0.80 |
| Net Debt / EBITDA | 4.70 | 4.70 | 2.67 | 4.09 | 2.31 | 2.37 | 2.19 | 3.45 | 2.77 | 2.71 | 2.39 |
| Debt / FCF | — | 7.27 | 4.83 | 6.03 | 5.36 | 7.64 | 2.85 | 4.84 | 5.02 | 3.75 | 3.81 |
| Interest Coverage | 2.50 | 2.50 | 9.86 | 5.29 | 11.33 | 9.59 | 6.17 | 6.46 | 6.52 | 5.08 | 8.15 |
FLO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.75x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.04x to 0.75x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.75 | 0.75 | 1.20 | 1.04 | 1.43 | 1.44 | 1.66 | 1.05 | 1.36 | 1.29 | 1.40 |
| Quick Ratio | 0.75 | 0.75 | 0.72 | 0.63 | 1.00 | 1.04 | 1.28 | 0.68 | 0.89 | 0.85 | 0.90 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.03 | 0.29 | 0.36 | 0.61 | 0.02 | 0.06 | 0.01 | 0.02 |
| Asset Turnover | — | 1.26 | 1.50 | 1.49 | 1.45 | 1.33 | 1.32 | 1.30 | 1.39 | 1.47 | 1.42 |
| Inventory Turnover | — | — | 9.81 | 9.72 | 10.33 | 10.69 | 11.36 | 11.08 | 11.01 | 11.66 | 11.90 |
| Days Sales Outstanding | — | 1.54 | 24.85 | 24.78 | 26.54 | 26.82 | 25.14 | 26.51 | 26.91 | 27.01 | 25.36 |
FLO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Flowers Foods, Inc. returns 13.8% to shareholders annually — split between a 13.4% dividend yield and 0.4% buyback yield. The payout ratio exceeds 100% at 249.7%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 5.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 13.4% | 9.1% | 4.7% | 4.1% | 3.0% | 3.0% | 3.5% | 3.5% | 3.8% | 3.5% | 3.1% |
| Payout Ratio | 249.7% | 249.7% | 81.8% | 158.2% | 81.7% | 85.3% | 109.8% | 97.2% | 95.6% | 93.9% | 80.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.4% | 3.7% | 5.7% | 2.6% | 3.7% | 3.5% | 3.2% | 3.6% | 4.0% | 3.7% | 3.9% |
| FCF Yield | 20.5% | 13.9% | 6.5% | 4.6% | 3.1% | 2.3% | 7.4% | 5.7% | 5.0% | 5.5% | 6.1% |
| Buyback Yield | 0.4% | 0.2% | 0.5% | 1.0% | 0.6% | 0.2% | 0.0% | 0.2% | 0.1% | 0.1% | 3.0% |
| Total Shareholder Yield | 13.8% | 9.4% | 5.2% | 5.0% | 3.6% | 3.2% | 3.5% | 3.6% | 3.9% | 3.5% | 6.1% |
| Shares Outstanding | — | $212M | $212M | $213M | $213M | $213M | $212M | $212M | $212M | $210M | $210M |
Peer Comparison
Compare FLO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FLOYou | $2B | 18.4 | 7.9 | 4.9 | 48.9% | 6.2% | 6.2% | 7.7% | 4.7 |
 BGS | $307M | -7.0 | 7.9 | 4.3 | 20.9% | 10.8% | -8.8% | 6.0% | 7.0 |
 NWFL | $284M | 10.2 | 8.6 | 9.8 | 63.6% | 26.1% | 12.2% | 7.3% | 2.0 |
 GIS | $18B | 8.1 | 8.5 | 7.8 | 34.6% | 17.0% | 24.3% | 10.6% | 4.0 |
 CPB | $6B | 10.1 | 7.4 | 8.6 | 30.4% | 13.2% | 15.6% | 9.1% | 4.0 |
 SJM | $11B | -82.5 | 32.3 | 9.9 | 33.5% | 4.0% | -2.4% | 2.1% | 12.4 |
 MKC | $12B | 15.6 | 11.7 | 15.7 | 37.9% | 16.0% | 14.2% | 8.5% | 3.0 |
 MDLZ | $76B | 31.5 | 19.4 | 23.6 | 28.0% | 9.4% | 9.3% | 6.0% | 4.5 |
 HSY | $35B | 39.4 | 27.0 | 19.8 | 33.3% | 12.1% | 18.9% | 11.5% | 3.7 |
 ADM | $37B | 34.2 | 17.0 | 8.7 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
 INGR | $6B | 8.7 | 5.5 | 12.0 | 25.3% | 14.4% | 17.7% | 15.5% | 1.4 |
| Consumer Defensive Median | — | 18.7 | 11.0 | 15.6 | 40.7% | 3.4% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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FLO — Frequently Asked Questions
Quick answers to the most common questions about buying FLO stock.
What is Flowers Foods, Inc.'s P/E ratio?
Flowers Foods, Inc.'s current P/E ratio is 18.4x. The historical average is 27.5x. This places it at the 16th percentile of its historical range.
What is Flowers Foods, Inc.'s EV/EBITDA?
Flowers Foods, Inc.'s current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
What is Flowers Foods, Inc.'s ROE?
Flowers Foods, Inc.'s return on equity (ROE) is 6.2%. The historical average is 12.0%.
Is FLO stock overvalued?
Based on historical data, Flowers Foods, Inc. is trading at a P/E of 18.4x. This is at the 16th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Flowers Foods, Inc.'s dividend yield?
Flowers Foods, Inc.'s current dividend yield is 13.43% with a payout ratio of 249.7%.
What are Flowers Foods, Inc.'s profit margins?
Flowers Foods, Inc. has 48.9% gross margin and 6.2% operating margin.
How much debt does Flowers Foods, Inc. have?
Flowers Foods, Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.