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Conagra Brands vs Flowers Foods: revenue, profit, margins and growth compared

Conagra Brands brought in $11.3B of revenue in fiscal 2026, Flowers Foods $5.3B in fiscal 2025. Revenue changed by -2.9% at Conagra Brands and +3.0% at Flowers Foods on the year before, so Flowers Foods grew faster. Conagra Brands kept -17.0% of its revenue as net profit, Flowers Foods 1.6%. Free cash flow was $978.7M at Conagra Brands and $319.1M at Flowers Foods.

Side by side, latest fiscal year

CAGFLO
Fiscal year endedFY2026 (May 31, 2026)FY2025 (January 3, 2026)
Revenue$11.3B$5.3B
Revenue growth-2.9%+3.0%
Net income-$1.9B$83.8M
Net margin-17.0%1.6%
Free cash flow$978.7M$319.1M
Free cash flow margin8.7%6.1%
Earnings per share (diluted)-$4.00$0.40
Cash$218M$12.1M
Debt$7.2B$1.8B
Price to earningsn/a14.3
Market value$6.9B$1.2B
Dividend yield9.78%17.12%
Rank by revenue in sector#21 of 93 · Consumer staples#37 of 93 · Consumer staples

Over the years

Revenue
CAG FY2019: $9.5BCAG FY2020: $11.1BCAG FY2021: $11.2BCAG FY2022: $11.5BCAG FY2023: $12.3BCAG FY2024: $12.1BCAG FY2025: $11.6BCAG FY2026: $11.3BFLO FY2018: $4BFLO FY2019: $4.1BFLO FY2020: $4.4BFLO FY2021: $4.3BFLO FY2022: $4.8BFLO FY2023: $5.1BFLO FY2024: $5.1BFLO FY2025: $5.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAG $11.3BFLO $5.3B
Net income
CAG FY2019: $678.3MCAG FY2020: $840.1MCAG FY2021: $1.3BCAG FY2022: $888.2MCAG FY2023: $683.6MCAG FY2024: $347.2MCAG FY2025: $1.2BCAG FY2026: -$1.9BFLO FY2018: $157.2MFLO FY2019: $164.5MFLO FY2020: $152.3MFLO FY2021: $206.2MFLO FY2022: $228.4MFLO FY2023: $123.4MFLO FY2024: $248.1MFLO FY2025: $83.8MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAG -$1.9BFLO $83.8M
Net margin
CAG FY2019: 7.1%CAG FY2020: 7.6%CAG FY2021: 11.6%CAG FY2022: 7.7%CAG FY2023: 5.6%CAG FY2024: 2.9%CAG FY2025: 9.9%CAG FY2026: -17.0%FLO FY2018: 4.0%FLO FY2019: 4.0%FLO FY2020: 3.5%FLO FY2021: 4.8%FLO FY2022: 4.8%FLO FY2023: 2.4%FLO FY2024: 4.9%FLO FY2025: 1.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CAG -17.0%FLO 1.6%
Revenue growth
CAG FY2020: +15.9%CAG FY2021: +1.2%CAG FY2022: +3.1%CAG FY2023: +6.4%CAG FY2024: -1.8%CAG FY2025: -3.6%CAG FY2026: -2.9%FLO FY2019: +4.4%FLO FY2020: +6.4%FLO FY2021: -1.3%FLO FY2022: +11.0%FLO FY2023: +5.9%FLO FY2024: +0.2%FLO FY2025: +3.0%FY19FY20FY21FY22FY23FY24FY25FY26
CAG -2.9%FLO +3.0%
Free cash flow
CAG FY2019: $772.4MCAG FY2020: $1.5BCAG FY2021: $961.7MCAG FY2022: $712.9MCAG FY2023: $633.2MCAG FY2024: $1.6BCAG FY2025: $1.3BCAG FY2026: $978.7MFLO FY2018: $196.5MFLO FY2019: $263.3MFLO FY2020: $356.5MFLO FY2021: $208.6MFLO FY2022: $191.8MFLO FY2023: $220.3MFLO FY2024: $280.6MFLO FY2025: $319.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAG $978.7MFLO $319.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Conagra Brands and Flowers Foods

Which is bigger by revenue, Conagra Brands or Flowers Foods?

Conagra Brands is bigger by revenue: $11.3B in fiscal 2026, against $5.3B for Flowers Foods in fiscal 2025.

Which keeps more of its revenue as profit, Conagra Brands or Flowers Foods?

Conagra Brands had a net margin of -17.0% in fiscal 2026; Flowers Foods had 1.6% in fiscal 2025.

Which grew revenue faster, Conagra Brands or Flowers Foods?

In their latest fiscal years revenue changed by -2.9% at Conagra Brands and +3.0% at Flowers Foods.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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