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Conagra Brands vs Flowers Foods: CAG and FLO compared
Conagra Brands is the larger company: $2.6B of revenue in its latest quarter (Q1 FY27) against $1.2B for Flowers Foods (Q2 2026). Conagra Brands is growing faster (-1% against -4% a year earlier). Conagra Brands is more profitable, with an operating margin of 10.3% against 5.7%.
Where the money goes: CAG and FLO
Conagra Brands (CAG) · Q1 FY27
Conagra Brands, Q1 FY27: revenue $2.6B (-1% year over year), operating margin 10.3%, net earnings $174M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
Flowers Foods (FLO) · Q2 2026
Flowers Foods, Q2 2026: revenue $1.2B (-4% year over year), operating margin 5.7%, net earnings $40.7M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Conagra Brands (CAG) | Flowers Foods (FLO) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $2.6B | $1.2B |
| Revenue growth, Y/Y | -1% | -4% |
| Gross margin | 23.8% | — |
| Operating margin | 10.3% | 5.7% |
| Net earnings | $174M | $40.7M |
| Net margin | 6.7% | 3.4% |
| Operating cash flow | −$4.2M | $134M |
| Free cash flow | — | $110M |
| Market value | $7.3B | $1.4B |
| P/E | — | 17.0× |
| Analysts’ mean target | $13.74 | $7.30 |
Where the revenue comes from
Conagra Brands
- Frozen: $878M (34%)
- Other Shelf-stable: $552M (21%)
- Snacks: $499M (19%)
- Foodservice: $273M (11%)
Questions
Which is bigger, Conagra Brands or Flowers Foods?
Conagra Brands is the larger company: $2.6B of revenue in its latest quarter (Q1 FY27) against $1.2B for Flowers Foods (Q2 2026).
Is Conagra Brands or Flowers Foods growing faster?
Conagra Brands is growing faster (-1% against -4% a year earlier).
Which is more profitable, Conagra Brands or Flowers Foods?
Conagra Brands is more profitable, with an operating margin of 10.3% against 5.7%.
More: Conagra Brands earnings · how Conagra Brands makes money · Flowers Foods earnings · how Flowers Foods makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 30, 2026; 10-Q filed Aug 20, 2026). Fiscal quarters can end on different dates. Not investment advice.