Flowers Foods vs McCormick
McCormick reported revenue of $6.8 billion in fiscal 2025, 1.3 times Flowers Foods' $5.3 billion in fiscal 2025. Flowers Foods' revenue grew 3.0% in its latest year, and McCormick's grew 1.7%. Flowers Foods had an operating margin of 3.3%, against 15.7% at McCormick. Free cash flow was $319 million at Flowers Foods and $740 million at McCormick. Their fiscal years end in different months (January 3 and November 30), so the periods don't line up exactly.
Side by side
| Flowers Foods | McCormick | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 3, 2026 | FY2025, Nov 30, 2025 |
| Revenue | $5.3B | $6.8B |
| Revenue growth | 3.0% | 1.7% |
| Revenue growth a year, last 5 years | 3.7% | 4.1% |
| Gross margin | — | 37.9% |
| Operating margin | 3.3% | 15.7% |
| Net margin | 1.6% | 11.5% |
| Free cash flow | $319M | $740M |
| Free cash flow margin | 6.1% | 10.8% |
| Return on capital | 4.6% | 8.7% |
| Net debt to EBITDA | 5.1x | 3.1x |
| Dividends and buybacks | $215M | $518M |
| Change in diluted share count | −0.0% | −0.1% |
| Last close | $6.14 | $47.97 |
| P/E at the last close | 22.7× | 8.7× |
| Insider trades, last 12 months | bought $42,522, sold $4.0 million | bought $205,801, sold $25.0 million |
| Piotroski F-score | 5 of 8 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Flowers FoodsMcCormick
Operating margin
Percent of revenue
Flowers FoodsMcCormick
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Flowers FoodsMcCormick
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Flowers Foods and McCormick pages.