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Flowers Foods vs Bellring Brands: FLO and BRBR compared
Flowers Foods is the larger company: $1.2B of revenue in its latest quarter (Q2 2026) against $570M for Bellring Brands (Q3 FY26). Bellring Brands is growing faster (+4% against -4% a year earlier). Bellring Brands is more profitable, with an operating margin of 11.5% against 5.7%.
Where the money goes: FLO and BRBR
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.
Bellring Brands (BRBR) · Q3 FY26
Bellring Brands, Q3 FY26: revenue $570M (+4% year over year), operating margin 11.5%, net earnings $34.2M, operating cash flow $79.3M. The chart follows the revenue to costs, profit and cash.
| Flowers Foods (FLO) | Bellring Brands (BRBR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $1.2B | $570M |
| Revenue growth, Y/Y | -4% | +4% |
| Gross margin | — | 28.6% |
| Operating margin | 5.7% | 11.5% |
| Net earnings | $40.7M | $34.2M |
| Net margin | 3.4% | 6.0% |
| Operating cash flow | $134M | $79.3M |
| Free cash flow | $110M | $77.2M |
| Market value | $1.4B | $1.1B |
| P/E | 17.0× | 6.2× |
| Analysts’ mean target | $7.30 | $13.35 |
Where the revenue comes from
Bellring Brands
- Shakes: $443M (78%)
- Powders: $109M (19%)
- Other: $18.5M (3%)
Questions
Which is bigger, Flowers Foods or Bellring Brands?
Flowers Foods is the larger company: $1.2B of revenue in its latest quarter (Q2 2026) against $570M for Bellring Brands (Q3 FY26).
Is Flowers Foods or Bellring Brands growing faster?
Bellring Brands is growing faster (+4% against -4% a year earlier).
Which is more profitable, Flowers Foods or Bellring Brands?
Bellring Brands is more profitable, with an operating margin of 11.5% against 5.7%.
More: Flowers Foods earnings · how Flowers Foods makes money · Bellring Brands earnings · how Bellring Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 20, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.