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Mondelez International vs Flowers Foods: MDLZ and FLO compared
Mondelez International is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $1.2B for Flowers Foods (Q2 2026). Mondelez International is growing faster (+2% against -4% a year earlier). Mondelez International is more profitable, with an operating margin of 17.6% against 5.7%.
Where the money goes: MDLZ and FLO
Mondelez International (MDLZ) · Q3 2026
Mondelez International, Q3 2026: revenue $10.0B (+2% year over year), operating margin 17.6%, net earnings $1.3B, operating cash flow $1.3B. 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.
| Mondelez International (MDLZ) | Flowers Foods (FLO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $10.0B | $1.2B |
| Revenue growth, Y/Y | +2% | -4% |
| Gross margin | 39.4% | — |
| Operating margin | 17.6% | 5.7% |
| Net earnings | $1.3B | $40.7M |
| Net margin | 13.1% | 3.4% |
| Operating cash flow | $1.3B | $134M |
| Free cash flow | $991M | $110M |
| Market value | $84.5B | $1.4B |
| P/E | 20.8× | 17.0× |
| Analysts’ mean target | $70.45 | $7.30 |
Where the revenue comes from
Mondelez International
- Biscuits & Baked Snacks: $4.9B (49%)
- Chocolate: $3.1B (31%)
- Gum & Candy: $1.2B (12%)
- Meals: $623M (6%)
Questions
Which is bigger, Mondelez International or Flowers Foods?
Mondelez International is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $1.2B for Flowers Foods (Q2 2026).
Is Mondelez International or Flowers Foods growing faster?
Mondelez International is growing faster (+2% against -4% a year earlier).
Which is more profitable, Mondelez International or Flowers Foods?
Mondelez International is more profitable, with an operating margin of 17.6% against 5.7%.
More: Mondelez International earnings · how Mondelez International makes money · Flowers Foods earnings · how Flowers Foods makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 20, 2026). Fiscal quarters can end on different dates. Not investment advice.