FLO Flowers Foods, Inc. Common Stock
About Flowers Foods, Inc. Common Stock Company overview from Wikipedia
Flowers Foods, Inc., headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, snack cakes, rolls, tortillas and pastries. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."
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Flowers Foods, Inc., headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, snack cakes, rolls, tortillas and pastries. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."
Flowers Foods owns several well-known bread and baked goods brands, including Wonder, Nature's Own, Canyon Bakehouse, Dave's Killer Bread, Simple Mills, Tastykake, Mrs. Freshley's, and more. The company continues to expand its market reach through acquisitions and by extending its existing territory.
Flowers Foods distributes its products through two main channels: Direct Store Delivery (DSD) and Warehouse. The DSD segment handles the regional distribution of products through a network of independent distributors. The DSD segment encompasses almost 6,000 independent distributor territories across the East, South, Southwest, West, and Northwest regions of the United States. Flowers' Warehouse segment manages the national distribution of frozen products, which are shipped directly to customers' warehouses throughout the continental United States.
History
1914–1942
In 1914, brothers William Howard and Joseph Hampton Flowers founded the Flowers Ice Cream Company in Thomasville, Georgia. To meet local demand for fresh bread, they established the Flowers Baking Company in 1919. The bakery initially sold 500 loaves of "Flowers Quality Bread" on its first morning, utilizing modern equipment capable of producing 30,000 loaves daily. Throughout the 1920s, the company expanded its distribution of bread, rolls, and cakes via rail into southern Georgia, Alabama, and Florida.
During the company's early years, William Howard Flowers managed the bakery while Joseph Hampton Flowers oversaw the ice cream operations. In 1929, the firm completed its first divestiture by selling the ice cream division to Foremost Dairies. Following the death of William Howard Flowers in 1934, his son, William Howard Flowers Jr., assumed leadership of the bakery.
The company made its first acquisition in 1937 by purchasing the Tally Maid Bakery of Tallahassee, Florida. During World War II, the bakery operated continuously to supply bread to U.S. military camps across the southeastern United States. In 1942, Flowers became the sixth bakery in the country to franchise Quality Bakers of America's Sunbeam brand, incorporating the Little Miss Sunbeam mascot on its packaging.
1960s–1980s
During the 1960s, Flowers expanded by purchasing bakeries in Panama City, Florida and Opelika, Alabama. The company constructed a new bakery in Jacksonville, Florida in 1965, and entered the metropolitan Atlanta market two years later by acquiring the Atlanta Baking Company.
In 1968, the company launched an initial public offering, changed its name to Flowers Industries Inc., and began trading over-the-counter. The following year, the company listed on the American Stock Exchange. The stock offering raised over $2 million, funding a series of acquisitions of bakeries across Virginia, Alabama, Louisiana, and the Carolinas. Flowers entered the frozen foods market in 1976 by purchasing Stilwell Foods, a frozen vegetable producer.
To accommodate its growth, the company moved its headquarters in 1975 to a new 15-acre corporate complex south of Thomasville, Georgia. Flowers listed on the New York Stock Exchange in 1982 under the ticker symbol "FLO" and debuted on the Fortune 500 list of the largest U.S. industrial corporations the following year at number 470. During the 1980s, the company temporarily diversified into selling sandwiches and cookies, exiting both ventures by the end of the decade while continuing to acquire bakeries across the southeastern and southwestern United States.
1990s–present
In 1996, Flowers Industries expanded its portfolio by acquiring the Mrs. Smith's frozen dessert brand and entering a joint venture to purchase the Keebler Company. By the early 2000s, the company refocused on its core snack cake and bread operations. It divested its interest in Keebler Company in 2001 for $1.2 billion, subsequently restructuring and rebranding as Flowers Foods. The company then sold Mrs. Smith's in 2003.
Flowers Foods continues to pursue acquisitions to expand into emerging product categories. These initiatives include targing the Hispanic market with its Mi Casa tortilla line, and offering organic products—such as Dave's Killer Bread and Alpine Valley Bread—alongside keto-friendly items and smaller loaf variations under its Nature's Own Brand.
Acquisitions
In 1976, the company entered the frozen foods market by acquiring Stilwell Foods of Stilwell, Oklahoma, along with its Rio Grande Foods unit in McAllen, Texas. In 1996, Flowers acquired both the Keebler Company and Mrs. Smith's Pies. However, in 2001 it sold its investment in Keebler to the Kellogg Company. Its remaining business units, Flowers Bakeries and Mrs. Smith's Bakeries, were spun off into a new entity named Flowers Foods. In 2002, the company restructured into three divisions: Flowers Bakeries, Flowers Snack, and Mrs. Smith's Bakeries.
In late 2002, Flowers purchased Ideal Baking Company and acquired Bishop Baking Company from Kellogg, expanding its presence into north Arkansas, southern Missouri, and parts of Tennessee, including Memphis. In 2003, Flowers sold its Mrs. Smith's frozen dessert business to the Schwan Food Company and renamed the Flowers Snack division, resulting in two divisions: Flowers Bakeries and Flowers Specialty.
In 2005, Flowers acquired Royal Cake Company and continued operating its bakery in Winston-Salem, North Carolina. In February 2006, Flowers purchased Derst Baking Co. of Savannah, Georgia, which retained its name under the Flowers Foods Bakeries Group. In 2008, Flowers acquired ButterKrust Bakery in Lakeland, Florida and Holsum Bakery in Phoenix. In 2009, the company purchased Leo's Foods, a tortilla manufacturer.
Acquisitions continued into the 2010s. In 2011, Flowers acquired Philadelphia-based snack cake maker Tastykake, expanding into the mid-Atlantic region. In 2012, it purchased Lepage Bakeries in Maine and acquired assets and licenses from Bimbo Bakeries for the Sara Lee and Earthgrains brands in California and Oklahoma City. In 2013, the company purchased most of the bread brands of Hostess Brands, including Wonder Bread, along with 20 closed Hostess bakeries.
Flowers Foods made three acquisitions in 2015: Dave's Killer Bread of Milwaukie, Oregon, for $275 million in cash; Alpine Valley Bread Co., an organic bakery in Mesa, Arizona; and the North American rights to the Roman Meal trademark for bread, buns, and rolls. At the end of 2018, Flowers Foods acquired Canyon Bakehouse, a privately held gluten-free bread company based in Johnstown, Colorado. With that purchase, the company had acquired 16 companies since 2003.
Flowers Foods bought Papa Pita for an undisclosed amount in 2023. Most recently, in the first quarter of 2025, Flowers Foods acquired Simple Mills for $795 million in cash.
Heritage Center
The Flowers Foods Heritage Center is housed in a historic building in Thomasville, Georgia. Constructed in 1919, the building initially served as the local post office and was later repurposed as the Thomas County Public Library. After the library relocated to the corner of Jefferson and Madison Streets on May 13, 1993, the structure remained vacant for over two decades.
In 2015, Flowers Foods acquired the property and funded a comprehensive restoration of the two-story building and its basement. Register Construction managed the project, which included exterior excavation and waterproofing, interior demolition, the installation of an elevator, and finishes corresponding to the building’s Victorian Architecture. The project was completed two months ahead of schedule, and the renovation subsequently received an Excellence in Rehabilitation Award from the Georgia Trust for Historic Preservation.
The Flowers Foods Heritage Center officially opened on May 24, 2019, featuring a self-guided, interactive exhibition titled "History in the Baking." The exhibit details the company's 100-year evolution from a local, family-owned bakery into a multi-billion-dollar enterprise listed on the New York Stock Exchange. Additionally, the center features displays dedicated to the regional history of Thomasville, the architectural history of the building, and the genealogy of the Flowers family.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
FLO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
FLO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 12, 2026 | $0.1250 |
| March 6, 2026 | $0.2480 |
| Nov. 28, 2025 | $0.2480 |
| Sept. 5, 2025 | $0.2480 |
| June 5, 2025 | $0.2480 |
| Feb. 28, 2025 | $0.2400 |
| Nov. 29, 2024 | $0.2400 |
| Sept. 6, 2024 | $0.2400 |
| June 6, 2024 | $0.2400 |
| Feb. 29, 2024 | $0.2300 |
| Nov. 30, 2023 | $0.2300 |
| Aug. 31, 2023 | $0.2300 |
| June 7, 2023 | $0.2300 |
| March 2, 2023 | $0.2200 |
| Dec. 1, 2022 | $0.2200 |
| Sept. 1, 2022 | $0.2200 |
| June 8, 2022 | $0.2200 |
| March 3, 2022 | $0.2100 |
| Dec. 2, 2021 | $0.2100 |
| Sept. 2, 2021 | $0.2100 |
FLO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 1 8.3%
- Hold 5 41.7%
- Sell 5 41.7%
- Strong Sell 1 8.3%
12-Month Price Target
5 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $0.29 | $0.27 | 0.02% |
| Dec. 31, 2025 | $0.22 | $0.15 | 0.07% |
| Sept. 30, 2025 | $0.23 | $0.23 | -0.00% |
| June 30, 2025 | $0.30 | $0.30 | 0.00% |
| March 31, 2025 | $0.35 | $0.38 | -0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FLO | $2.47B | 27.0 | 3.0% | 1.6% | 6.1% | — |
| MZTI | $4.76B | 28.5 | 2.0% | 8.8% | 16.9% | 23.9% |
| TR | $1.49B | — | 1.3% | 13.7% | 11.1% | 35.3% |
| UTZ | — | 1046.0 | 2.1% | 0.06% | 0.11% | 24.9% |
| JJSF | $1.86B | 28.5 | 0.54% | 4.1% | 6.9% | 29.7% |
| SENEA | — | 9.1 | 5.1% | 6.9% | 16.1% | — |
| AVO | $813M | 21.7 | 12.7% | 2.7% | 6.7% | 11.6% |
| JBSS | — | 12.5 | 3.8% | 5.3% | 17.2% | 18.4% |
| SMPL | $2.86B | 28.1 | 9.0% | 7.1% | 5.7% | 36.2% |
| MDLZ | $68.99B | 28.5 | 5.8% | 6.4% | 9.3% | 28.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.26B | $5.10B | $5.09B | $4.81B | $4.33B | $4.39B | $4.12B | $3.95B | $3.92B | $3.93B | $3.78B | $3.75B | |
| R&D Expense | $9.3K | $5M | $6M | $6M | $6M | $4M | $4M | $5M | $2M | $3M | $3M | $3M | |
| SG&A Expense | $2.08B | $2.00B | $2.12B | $1.85B | $1.72B | $1.69B | $1.58B | $1.51B | $1.51B | $1.47B | $1.38B | $1.37B | |
| Operating Income | $174M | $348M | $173M | $303M | $295M | $321M | $225M | $212M | $161M | $265M | $298M | $275M | |
| Interest Expense | $77M | $37M | $37M | $29M | $32M | $39M | $39M | $36M | $37M | $35M | $27M | $28M | |
| Interest Income | $17M | $18M | $21M | $24M | $24M | $27M | $28M | $28M | $23M | $21M | $22M | $21M | |
| Pretax Income | $115M | $329M | $157M | $299M | $271M | $201M | $212M | $197M | $149M | $250M | $293M | $268M | |
| Income Tax | $31M | $81M | $34M | $70M | $65M | $48M | $48M | $40M | $-827.0K | $86M | $104M | $92M | |
| Net Income | $84M | $248M | $123M | $228M | $206M | $152M | $165M | $157M | $150M | $164M | $189M | $176M | |
| EPS (Basic) | $0.40 | $1.18 | $0.58 | $1.08 | $0.97 | $0.72 | $0.78 | $0.74 | $0.72 | $0.79 | $0.90 | $0.84 | |
| EPS (Diluted) | $0.40 | $1.17 | $0.58 | $1.07 | $0.97 | $0.72 | $0.78 | $0.74 | $0.71 | $0.78 | $0.89 | $0.82 | |
| Shares (Basic) | 211,343,000 | 211,023,000 | 211,630,000 | 211,895,000 | 211,840,000 | 211,782,000 | 211,606,000 | 211,016,000 | 209,573,000 | 208,511,000 | 210,793,000 | 209,683,000 | |
| Shares (Diluted) | 212,107,000 | 212,137,000 | 213,356,000 | 213,227,000 | 213,033,000 | 212,345,000 | 211,974,000 | 211,632,000 | 210,435,000 | 210,354,000 | 213,356,000 | 213,092,000 | |
| EBITDA | $341M | $508M | $325M | $445M | $431M | $463M | $370M | $356M | $310M | $405M | $430M | $404M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12M | $5M | $23M | $165M | $186M | $307M | $11M | $25M | $5M | $6M | $14M | $8M | |
| Inventory | $202M | $172M | $184M | $169M | $135M | $125M | $127M | $123M | $111M | $111M | $111M | $93M | |
| Prepaid Expense | $4M | $3M | $4M | $5M | $3M | $8M | $15M | $22M | $22M | $21M | $16M | $17M | |
| Other Current Assets | $65M | $54M | $66M | $48M | $52M | $37M | $63M | $43M | $50M | $28M | $48M | $43M | |
| Current Assets | $729M | $656M | $688M | $805M | $746M | $838M | $554M | $544M | $507M | $477M | $500M | $461M | |
| PP&E (Net) | $953M | $964M | $963M | $849M | $799M | $699M | $718M | $744M | $732M | $781M | $805M | $807M | |
| PP&E (Gross) | $2.62B | $2.58B | $2.50B | $2.30B | $2.19B | $2.03B | $2.00B | $1.98B | $1.91B | $1.89B | $1.88B | $1.79B | |
| Accum. Depreciation | $1.67B | $1.61B | $1.54B | $1.45B | $1.39B | $1.33B | $1.28B | $1.24B | $1.17B | $1.11B | $1.08B | $985M | |
| Goodwill | $1.05B | $680M | $678M | $545M | $545M | $545M | $545M | $545M | $465M | $466M | $465M | $283M | |
| Intangibles | $137.0K | $314.0K | $658M | $664M | $695M | $715M | $750M | $795M | $742M | $836M | $875M | $645M | |
| Other Non-current Assets | $13M | $22M | $18M | $25M | $10M | $9M | $8M | $7M | $10M | $10M | $8M | $12M | |
| Total Assets | $4.18B | $3.40B | $3.43B | $3.31B | $3.25B | $3.32B | $3.18B | $2.85B | $2.66B | $2.76B | $2.84B | $2.41B | |
| Accounts Payable | $313M | $261M | $319M | $343M | $268M | $226M | $233M | $242M | $181M | $173M | $172M | $143M | |
| Current Liabilities | $976M | $549M | $659M | $564M | $520M | $504M | $528M | $400M | $394M | $341M | $404M | $316M | |
| Capital Leases | $251M | $254M | $237M | $237M | $251M | $290M | $324M | $16M | $20M | $24M | $16M | $18M | |
| Deferred Tax | $247M | $124M | $91M | $135M | $134M | $128M | $121M | $103M | $83M | $146M | $146M | $94M | |
| Other Non-current Liabilities | $42M | $36M | $34M | $36M | $38M | $54M | $44M | $54M | $52M | $48M | $44M | $54M | |
| Long-term Debt | $1.76B | $1.02B | $1.05B | $892M | $891M | $960M | $867M | $980M | $805M | $809M | $654M | $767M | |
| Total Debt | $1.76B | $1.02B | $1.05B | $892M | $891M | $960M | $867M | · | · | · | · | · | |
| Common Stock | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $614M | |
| Retained Earnings | $852M | $978M | $932M | $1.00B | $962M | $932M | $947M | $945M | $920M | $911M | $878M | $809M | |
| Treasury Stock | $278M | $286M | $281M | $253M | $232M | $225M | $226M | $232M | $235M | $262M | $175M | $202M | |
| AOCI | $-1M | $7M | $621.0K | $1M | $3M | $6M | $-106M | $-109M | $-85M | $-83M | $-97M | $-98M | |
| Stockholders' Equity | $1.30B | $1.41B | $1.35B | $1.44B | $1.41B | $1.37B | $1.26B | $1.26B | $1.25B | $1.21B | $1.24B | $1.12B | |
| Liabilities + Equity | $4.18B | $3.40B | $3.43B | $3.31B | $3.25B | $3.32B | $3.18B | $2.85B | $2.66B | $2.76B | $2.84B | $2.41B | |
| Shares Outstanding | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $167M | $159M | $152M | $142M | $137M | $141M | $144M | $144M | $147M | $141M | $132M | $129M | |
| Stock-based Comp | $32M | $30M | $27M | $26M | $21M | $13M | $7M | $8M | $16M | $19M | $16M | $19M | |
| Deferred Tax | $14M | $31M | $-43M | $1M | $7M | $-31M | $19M | $22M | $-61M | $-14M | $18M | $9M | |
| Amort. of Intangibles | $39M | $31M | $32M | $32M | $31M | $31M | $29M | $26M | $27M | $25M | $15M | $12M | |
| Restructuring | $6M | $7M | $7M | · | · | $12M | $3M | $4M | $35M | · | · | · | |
| Other Non-cash | $148M | $-55M | $91M | $-37M | $-26M | $179M | $32M | $-35M | $46M | $37M | $-31M | $-19M | |
| Operating Cash Flow | $446M | $413M | $349M | $361M | $345M | $454M | $367M | $296M | $297M | $357M | $336M | $315M | |
| CapEx | $127M | $132M | $129M | $169M | $136M | $98M | $104M | $99M | $75M | $102M | $91M | $84M | |
| Investing Cash Flow | $-943M | $-173M | $-404M | $-151M | $-191M | $-74M | $-97M | $-302M | $-35M | $-77M | $-470M | · | |
| Debt Issued | $1.01B | $324M | $898M | $330M | $498M | $485M | $609M | $201M | $612M | · | · | · | |
| Net Debt Issued | $740M | $-28M | $155M | $0 | $-82M | $92M | $-114M | · | · | · | · | · | |
| Stock Repurchased | $5M | $23M | $46M | $35M | $10M | $783.0K | $7M | $2M | $3M | $126M | $7M | $39M | |
| Net Stock Activity | $-5M | $-23M | $-46M | $-35M | $-10M | $-783.0K | $-7M | $-2M | $-3M | $-126M | $-7M | $-39M | |
| Dividends Paid | $209M | $203M | $195M | $187M | $176M | $167M | $160M | $150M | $141M | $131M | $120M | $102M | |
| Financing Cash Flow | $504M | $-258M | $-88M | $-222M | $-275M | $-84M | $-284M | $26M | $-263M | $-288M | $141M | · | |
| Net Change in Cash | · | · | · | · | $-122M | $296M | $-14M | $20M | $-1M | $-8M | $7M | $-1M | |
| Taxes Paid | $29M | $46M | $99M | $53M | $69M | $69M | $39M | $14M | $72M | $84M | $80M | $79M | |
| Free Cash Flow | $319M | $281M | $220M | $192M | $209M | $357M | $263M | $196M | $222M | $244M | $233M | $230M | |
| Levered FCF | $263M | $253M | $192M | $170M | $185M | $327M | $233M | $168M | $185M | $221M | $216M | $212M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 3.3% | 6.8% | 3.4% | 6.3% | 6.8% | 7.3% | 5.5% | 5.4% | 4.2% | 6.7% | 7.9% | 7.3% | |
| Net Margin | 1.6% | 4.9% | 2.4% | 4.8% | 4.8% | 3.5% | 4.0% | 4.0% | 3.8% | 4.2% | 5.0% | 4.7% | |
| Pretax Margin | 2.2% | 6.5% | 3.1% | 6.2% | 6.2% | 4.6% | 5.1% | 5.0% | 3.8% | 6.3% | 7.8% | 7.1% | |
| EBITDA Margin | 6.5% | 9.9% | 6.4% | 9.3% | 10.0% | 10.5% | 9.0% | 9.0% | 7.9% | 10.3% | 11.4% | 10.8% | |
| ROA | 2.2% | 7.3% | 3.7% | 7.0% | 6.3% | 4.7% | 5.5% | 5.7% | 5.5% | 5.8% | 7.1% | 7.1% | |
| ROE | 6.1% | 17.6% | 9.0% | 15.9% | 14.6% | 11.2% | 12.9% | 12.4% | 12.3% | 13.4% | 16.0% | 16.0% | |
| ROIC | 4.1% | 10.8% | 5.7% | 9.9% | 9.8% | 10.5% | 8.2% | 13.5% | 13.1% | 14.3% | 15.5% | 16.1% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.7 | 1.2 | 1.0 | 1.4 | 1.4 | 1.7 | 1.0 | 1.4 | 1.3 | 1.4 | 1.3 | 1.5 | |
| Quick Ratio | 0.0 | 0.0 | 0.0 | 0.3 | 0.4 | 0.6 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Debt / Equity | 1.3 | 0.7 | 0.8 | 0.6 | 0.6 | 0.7 | 0.7 | · | · | · | · | · | |
| LT Debt / Equity | 1.0 | 0.7 | 0.8 | 0.6 | 0.6 | 0.7 | 0.7 | · | · | · | · | · | |
| Interest Coverage | 2.3 | 9.4 | 4.7 | 10.5 | 9.4 | 8.3 | 5.8 | 6.0 | 4.5 | 7.6 | 11.1 | 9.7 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.5 | 1.5 | 1.5 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.5 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.0% | 0.25% | 5.9% | 11.0% | -1.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.0% | 5.6% | 5.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -65.8% | 101.7% | -45.8% | 10.3% | 34.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -28.0% | 6.5% | -7.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -11.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -66.2% | 101.0% | -46.0% | 10.8% | 35.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -28.4% | 6.4% | -6.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -11.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.26B | $5.10B | $5.09B | $4.81B | $4.33B | $4.39B | $4.12B | $3.95B | $3.92B | $3.93B | $3.78B | $3.75B | |
| Net Income TTM | $84M | $248M | $123M | $228M | $206M | $152M | $165M | $157M | $150M | $164M | $189M | $176M | |
| Market Cap | $2.47B | $4.68B | $5.15B | $6.57B | $6.28B | $5.18B | $4.97B | $4.18B | $4.42B | $4.57B | $4.92B | · | |
| Enterprise Value | $4.21B | $5.70B | $6.17B | $7.30B | $6.99B | $5.83B | $5.83B | · | · | · | · | · | |
| P/E | 27.0 | 17.5 | 38.8 | 26.9 | 28.3 | 31.4 | 27.9 | 24.7 | 27.2 | 25.6 | 24.1 | 23.3 | |
| P/S | 0.5 | 0.9 | 1.0 | 1.4 | 1.5 | 1.2 | 1.2 | 1.1 | 1.1 | 1.2 | 1.3 | · | |
| P/B | 1.9 | 3.3 | 3.8 | 4.6 | 4.5 | 3.8 | 3.9 | 3.3 | 3.5 | 3.8 | 4.0 | · | |
| P / Tangible Book | 9.7 | 6.4 | 317.0 | 28.1 | 36.8 | 45.9 | · | · | · | · | · | · | |
| P / Cash Flow | 5.5 | 11.3 | 14.7 | 18.2 | 18.2 | 11.4 | 13.6 | 14.1 | 14.9 | 13.2 | 15.2 | · | |
| P / FCF | 7.7 | 16.7 | 23.4 | 34.3 | 30.1 | 14.5 | 18.9 | 21.3 | 19.9 | 18.7 | 21.1 | · | |
| EV / EBITDA | 12.3 | 11.2 | 19.0 | 16.4 | 16.2 | 12.6 | 15.8 | · | · | · | · | · | |
| EV / FCF | 13.2 | 20.3 | 28.0 | 38.1 | 33.5 | 16.3 | 22.1 | · | · | · | · | · | |
| EV / Revenue | 0.8 | 1.1 | 1.2 | 1.5 | 1.6 | 1.3 | 1.4 | · | · | · | · | · | |
| Dividend Yield | 8.5% | 4.3% | 3.8% | 2.8% | 2.8% | 3.2% | 3.2% | 3.6% | 3.2% | 2.9% | 2.5% | · | |
| Earnings Yield | 3.7% | 5.7% | 2.6% | 3.7% | 3.5% | 3.2% | 3.6% | 4.0% | 3.7% | 3.9% | 4.1% | 4.3% | |
| Payout Ratio | 249.7% | 81.8% | 158.2% | 81.7% | 85.3% | 109.8% | 97.2% | 95.6% | 93.9% | 80.0% | 63.7% | 58.2% | |
| Annual Payout | $209M | $203M | $195M | $187M | $176M | $167M | $160M | $150M | $141M | $131M | $120M | $102M |
Income Statement 13
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.27B | $1.23B | $1.24B | $1.55B | $1.11B | $1.19B | $1.22B | $1.58B | $1.13B | $1.20B | $1.23B | $1.53B | $1.08B | $1.16B | $1.13B | |
| SG&A Expense | $643M | $508M | $476M | $474M | $634M | $444M | $460M | $471M | $625M | $448M | $604M | $476M | $592M | $410M | $447M | $438M | |
| Operating Income | $80M | $-95M | $67M | $93M | $85M | $61M | $90M | $95M | $102M | $50M | $-59M | $89M | $94M | $64M | $55M | $72M | |
| Interest Expense | $25M | $29M | $18M | $19M | $20M | $8M | $9M | $9M | $11M | $8M | $9M | $9M | $11M | $7M | $7M | $7M | |
| Interest Income | $5M | $4M | $4M | $4M | $6M | $4M | $4M | $4M | $6M | $4M | $5M | $5M | $7M | $6M | $5M | $5M | |
| Pretax Income | $60M | $-120M | $52M | $78M | $71M | $57M | $86M | $90M | $96M | $46M | $-63M | $84M | $90M | $64M | $54M | $70M | |
| Income Tax | $18M | $-28M | $13M | $20M | $18M | $14M | $21M | $23M | $23M | $10M | $-17M | $21M | $19M | $15M | $14M | $17M | |
| Net Income | $42M | $-93M | $40M | $58M | $53M | $43M | $65M | $67M | $73M | $36M | $-47M | $64M | $71M | $49M | $41M | $54M | |
| EPS (Basic) | $0.20 | $-0.44 | $0.19 | $0.28 | $0.25 | $0.20 | $0.31 | $0.32 | $0.35 | $0.17 | $-0.22 | $0.30 | $0.33 | $0.24 | $0.19 | $0.25 | |
| EPS (Diluted) | $0.20 | $-0.44 | $0.19 | $0.28 | $0.25 | $0.20 | $0.31 | $0.32 | $0.34 | $0.17 | $-0.22 | $0.30 | $0.33 | $0.23 | $0.19 | $0.25 | |
| Shares (Basic) | 211,870,000 | -422,057,000 | 211,417,000 | 211,386,000 | 211,194,000 | -422,231,000 | 210,820,000 | 211,356,000 | 211,078,000 | -423,692,000 | 211,522,000 | 212,031,000 | 211,769,000 | -424,306,000 | 212,016,000 | 212,186,000 | |
| Shares (Diluted) | 212,577,000 | -423,997,000 | 212,107,000 | 211,991,000 | 212,138,000 | -424,267,000 | 211,975,000 | 212,315,000 | 212,114,000 | -424,572,000 | 211,522,000 | 213,009,000 | 213,397,000 | -426,720,000 | 213,326,000 | 213,307,000 | |
| EBITDA | $132M | · | $106M | $133M | $134M | · | $128M | $132M | $150M | · | $-23M | $124M | $138M | · | $88M | $105M |
Balance Sheet 26
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12M | $12M | $17M | $11M | $7M | $5M | $15M | $7M | $16M | · | $15M | $12M | $28M | · | $173M | $163M | |
| Inventory | $200M | $202M | $203M | $210M | $207M | $172M | $170M | $169M | $176M | · | $183M | $176M | $185M | · | $167M | $166M | |
| Prepaid Expense | $6M | $4M | $4M | $3M | $4M | $3M | $4M | $3M | $3M | · | $4M | $4M | $4M | · | $4M | $4M | |
| Other Current Assets | $74M | $65M | $67M | $68M | $48M | $54M | $46M | $46M | $49M | · | $69M | $52M | $52M | · | $55M | $68M | |
| Current Assets | $762M | $729M | $752M | $741M | $715M | $656M | $708M | $703M | $688M | · | $715M | $749M | $716M | · | $835M | $827M | |
| PP&E (Net) | $932M | $953M | $937M | $944M | $948M | $964M | $948M | $955M | $959M | · | $962M | $962M | $959M | · | $838M | $830M | |
| PP&E (Gross) | $2.64B | $2.62B | $2.60B | $2.58B | $2.57B | $2.58B | $2.55B | $2.55B | $2.53B | · | $2.49B | $2.47B | $2.44B | · | $2.29B | $2.28B | |
| Accum. Depreciation | $1.71B | $1.67B | $1.66B | $1.64B | $1.63B | $1.61B | $1.60B | $1.60B | $1.57B | · | $1.53B | $1.51B | $1.48B | · | $1.45B | $1.45B | |
| Goodwill | $1.05B | $1.05B | $1.05B | $1.05B | $1.07B | $680M | $680M | $680M | $680M | · | $678M | $678M | $676M | · | $545M | $545M | |
| Intangibles | $83.0K | $137.0K | $177.0K | $219.0K | $259.0K | $314.0K | $634M | $641M | $648M | · | $665M | $675M | $682M | · | $672M | $679M | |
| Other Non-current Assets | $14M | $13M | $16M | $17M | $16M | $22M | $15M | $14M | $14M | · | $23M | $25M | $23M | · | $21M | $18M | |
| Total Assets | $4.18B | $4.18B | $4.35B | $4.34B | $4.33B | $3.40B | $3.43B | $3.43B | $3.43B | · | $3.43B | $3.51B | $3.48B | · | $3.34B | $3.34B | |
| Accounts Payable | $330M | $313M | $319M | $328M | $330M | $261M | $287M | $299M | $304M | · | $329M | $328M | $343M | · | $349M | $326M | |
| Current Liabilities | $988M | $976M | $958M | $589M | $569M | $549M | $569M | $589M | $622M | · | $670M | $555M | $542M | · | $595M | $570M | |
| Capital Leases | $252M | $251M | $263M | $255M | $260M | $254M | $251M | $244M | $247M | · | $222M | $231M | $237M | · | $235M | $242M | |
| Deferred Tax | $267M | $247M | $270M | $265M | $234M | $124M | $108M | $100M | $98M | · | $91M | $134M | $136M | · | $145M | $145M | |
| Other Non-current Liabilities | $38M | $42M | $54M | $53M | $54M | $36M | $36M | $35M | $36M | · | $34M | $35M | $36M | $36M | $36M | $37M | |
| Long-term Debt | $1.72B | $1.76B | $1.78B | $1.75B | $1.79B | $1.02B | $1.05B | $1.07B | $1.04B | · | $1.04B | $1.07B | $1.06B | · | $892M | $891M | |
| Total Debt | $1.72B | · | $1.78B | $1.75B | $1.79B | · | $1.05B | $1.07B | $1.04B | · | $1.04B | $1.07B | $1.06B | · | $892M | $891M | |
| Common Stock | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | $199.0K | · | $199.0K | $199.0K | $199.0K | · | $199.0K | $199.0K | |
| Retained Earnings | $840M | $852M | $971M | $984M | $978M | $978M | $985M | $971M | $954M | · | $945M | $1.04B | $1.03B | · | $1.00B | $1.01B | |
| Treasury Stock | $263M | $278M | $278M | $278M | $279M | $286M | $286M | $286M | $273M | · | $266M | $262M | $248M | · | $253M | $235M | |
| AOCI | $2M | $-1M | $3M | $4M | $5M | $7M | $2M | $943.0K | $532.0K | · | $1M | $3M | $-689.0K | · | $795.0K | $-5M | |
| Stockholders' Equity | $1.30B | $1.30B | $1.42B | $1.43B | $1.42B | $1.41B | $1.41B | $1.38B | $1.38B | $1.35B | $1.37B | $1.47B | $1.46B | $1.44B | $1.43B | $1.45B | |
| Liabilities + Equity | $4.18B | $4.18B | $4.35B | $4.34B | $4.33B | $3.40B | $3.43B | $3.43B | $3.43B | · | $3.43B | $3.51B | $3.48B | · | $3.34B | $3.34B | |
| Shares Outstanding | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 | 228,729,585 |
Cash Flow 18
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $52M | $41M | $40M | $40M | $49M | $37M | $37M | $37M | $48M | $37M | $36M | $35M | $44M | $33M | $33M | $33M | |
| Stock-based Comp | $12M | $7M | $7M | $7M | $12M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $10M | $6M | $5M | $6M | |
| Deferred Tax | $17M | $-2M | · | $25M | $6M | $15M | $-15M | $2M | $7M | $916.0K | $-43M | $-3M | $2M | $-10M | $5M | $9M | |
| Amort. of Intangibles | $11M | $11M | $10M | $10M | $11M | $7M | $7M | $7M | $10M | $7M | $8M | $8M | $10M | $7M | $7M | $7M | |
| Restructuring | $2M | $6M | $6M | $0 | $573.0K | $0 | $0 | $7M | $598.0K | $226.0K | $179.0K | $2M | $4M | · | · | · | |
| Other Non-cash | $-15M | · | · | · | $16M | · | · | · | $-34M | · | · | · | $-68M | · | · | · | |
| Operating Cash Flow | $108M | $164M | · | $131M | $136M | $130M | $16M | $63M | $105M | $92M | $128M | $71M | $58M | $69M | $68M | $86M | |
| CapEx | $21M | $40M | · | $31M | $26M | $45M | $30M | $28M | $33M | $32M | $29M | $34M | $34M | $41M | $70M | $71M | |
| Investing Cash Flow | $-20M | $-830M | · | $-35M | $-836M | $-60M | $758M | $-41M | $-36M | $-37M | $-28M | $-37M | $-301M | $-32M | $-62M | $-74M | |
| Debt Issued | $51M | $721M | · | $23M | $844M | $39M | $-582M | $109M | $118M | $93M | $47M | $270M | $488M | $0 | $-168M | · | |
| Net Debt Issued | $-32M | · | · | · | $777M | · | · | · | $-5M | · | · | · | $171M | · | · | · | |
| Stock Repurchased | $4M | $-17M | · | $0 | $5M | $0 | $17M | $14M | $9M | $15M | $5M | $15M | $11M | $0 | $34M | $15M | |
| Net Stock Activity | $-4M | · | · | · | $-5M | · | · | · | $-9M | · | · | · | $-11M | · | · | · | |
| Dividends Paid | $54M | $57M | · | $52M | $52M | $51M | $48M | $51M | $51M | $48M | $49M | $49M | $49M | $46M | $53M | $51M | |
| Financing Cash Flow | $-89M | $681M | · | $-92M | $703M | $-81M | $-788M | $-32M | $-76M | $-47M | $-97M | $-50M | $106M | $-45M | $5M | $22M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $34M | |
| Free Cash Flow | $87M | · | · | · | $110M | · | · | · | $72M | · | · | · | $24M | · | · | · | |
| Levered FCF | $70M | · | · | · | $95M | · | · | · | $63M | · | · | · | $15M | · | · | · |
Profitability 7
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 5.1% | · | 5.4% | 7.5% | 5.5% | · | 7.6% | 7.8% | 6.4% | · | -5.0% | 7.2% | 6.1% | · | 4.8% | 6.3% | |
| Net Margin | 2.7% | · | 3.2% | 4.7% | 3.4% | · | 5.5% | 5.5% | 4.6% | · | -3.9% | 5.2% | 4.6% | · | 3.5% | 4.8% | |
| Pretax Margin | 3.8% | · | 4.2% | 6.3% | 4.6% | · | 7.2% | 7.4% | 6.1% | · | -5.3% | 6.9% | 5.9% | · | 4.7% | 6.2% | |
| EBITDA Margin | 8.4% | · | 8.7% | 10.7% | 8.6% | · | 10.7% | 10.8% | 9.5% | · | -1.9% | 10.1% | 9.0% | · | 7.6% | 9.3% | |
| ROA | 0.99% | · | 1.0% | 1.5% | 1.4% | · | 1.9% | 1.9% | 2.1% | · | -1.4% | 1.9% | 2.1% | · | 1.2% | 1.6% | |
| ROE | 3.1% | · | 2.8% | 4.2% | 3.8% | · | 4.7% | 4.7% | 5.1% | · | -3.3% | 4.4% | 4.8% | · | 2.9% | 3.7% | |
| ROIC | 1.8% | · | 1.6% | 2.2% | 2.0% | · | 2.8% | 2.9% | 3.2% | · | -1.8% | 2.6% | 2.9% | · | 1.8% | 2.3% |
Liquidity & Solvency 5
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | · | 0.8 | 1.3 | 1.3 | · | 1.2 | 1.2 | 1.1 | · | 1.1 | 1.3 | 1.3 | · | 1.4 | 1.5 | |
| Quick Ratio | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.3 | 0.3 | |
| Debt / Equity | 1.3 | · | 1.3 | 1.2 | 1.3 | · | 0.7 | 0.8 | 0.8 | · | 0.8 | 0.7 | 0.7 | · | 0.6 | 0.6 | |
| LT Debt / Equity | 1.0 | · | 1.0 | 1.2 | 1.3 | · | 0.7 | 0.8 | 0.8 | · | 0.8 | 0.7 | 0.7 | · | 0.6 | 0.6 | |
| Interest Coverage | 3.2 | · | 3.7 | 4.9 | 4.3 | · | 10.4 | 10.6 | 9.0 | · | -6.9 | 9.8 | 8.7 | · | 8.2 | 10.9 |
Efficiency 1
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | · | 0.3 | 0.3 | 0.4 | · | 0.3 | 0.4 | 0.5 | · | 0.4 | 0.4 | 0.5 | · | 0.3 | 0.3 |
Valuation (TTM) 15
| Metric | Trend | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.60B | · | $5.21B | $5.21B | $5.55B | · | $5.19B | $5.23B | $5.54B | · | $5.12B | $5.05B | $5.26B | · | $4.75B | $4.61B | |
| Net Income TTM | $193M | · | $216M | $243M | $258M | · | $158M | $157M | $161M | · | $128M | $229M | $251M | · | $219M | $234M | |
| Market Cap | $2.01B | · | $3.01B | $3.61B | $4.18B | · | $5.12B | $4.91B | $5.62B | · | $4.91B | $5.53B | $6.21B | · | $5.62B | $6.19B | |
| Enterprise Value | $3.73B | · | $4.77B | $5.35B | $5.96B | · | $6.16B | $5.97B | $6.65B | · | $5.93B | $6.59B | $7.25B | · | $6.33B | $6.92B | |
| P/E | 9.6 | · | 12.8 | 13.6 | 15.0 | · | 29.9 | 29.0 | 32.8 | · | 35.8 | 22.6 | 23.2 | · | 24.1 | 24.8 | |
| P/S | 0.4 | · | 0.6 | 0.7 | 0.8 | · | 1.0 | 0.9 | 1.0 | · | 1.0 | 1.1 | 1.2 | · | 1.2 | 1.3 | |
| P/B | 1.5 | · | 2.1 | 2.5 | 3.0 | · | 3.6 | 3.5 | 4.1 | · | 3.6 | 3.8 | 4.3 | · | 3.9 | 4.3 | |
| P / Tangible Book | 7.9 | · | 8.1 | 9.5 | 12.0 | · | 55.0 | 77.0 | 117.2 | · | 154.3 | 47.1 | 60.3 | · | 25.8 | 27.7 | |
| P / Cash Flow | 18.7 | · | · | · | 30.8 | · | · | · | 53.5 | · | · | · | 107.2 | · | · | · | |
| P / FCF | 23.1 | · | · | · | 37.9 | · | · | · | 78.3 | · | · | · | 258.9 | · | · | · | |
| EV / EBITDA | 28.3 | · | 44.9 | 40.1 | 44.3 | · | 48.3 | 45.2 | 44.4 | · | -253.7 | 53.4 | 52.7 | · | 71.7 | 66.1 | |
| EV / FCF | 42.7 | · | · | · | 54.1 | · | · | · | 92.6 | · | · | · | 302.1 | · | · | · | |
| EV / Revenue | 0.7 | · | 0.9 | 1.0 | 1.1 | · | 1.2 | 1.1 | 1.2 | · | 1.2 | 1.3 | 1.4 | · | 1.3 | 1.5 | |
| Earnings Yield | 10.4% | · | 7.8% | 7.4% | 6.7% | · | 3.4% | 3.5% | 3.0% | · | 2.8% | 4.4% | 4.3% | · | 4.2% | 4.0% | |
| Payout Ratio | 129.4% | · | · | · | 98.7% | · | · | · | 70.0% | · | · | · | 69.4% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Revenue | $5.26B | $5.10B | $5.09B | $4.81B | $4.33B |
| Operating Margin % | 3.3% | 6.8% | 3.4% | 6.3% | 6.8% |
| Net Income | $84M | $248M | $123M | $228M | $206M |
| Diluted EPS | $0.40 | $1.17 | $0.58 | $1.07 | $0.97 |
Balance Sheet
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.3 | 0.7 | 0.8 | 0.6 | 0.6 |
| Current Ratio | 0.7 | 1.2 | 1.0 | 1.4 | 1.4 |
| Quick Ratio | 0.0 | 0.0 | 0.0 | 0.3 | 0.4 |
Cash Flow
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Free Cash Flow | $319M | $281M | $220M | $192M | $209M |
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Institutional owners (13F) 489 filers · $1.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 105 (+25 vs prior Q) | 69 (-5 vs prior Q) | 178 (+30 vs prior Q) | 112 (-18 vs prior Q) | +44.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $109,110,487 | 13,811,454 | 9.32% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $86,773,110 | 10,983,938 | 7.41% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $69,725,605 | 8,826,026 | 5.95% | Shares |
| STATE STREET CORP | $69,174,999 | 8,756,329 | 5.91% | Shares |
| Quantinno Capital Management LP | $67,370,697 | 8,527,936 | 5.75% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $64,754,183 | 8,196,732 | 5.53% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $55,847,602 | 7,069,317 | 4.77% | Shares |
| Gotham Asset Management, LLC | $52,542,861 | 6,650,995 | 4.49% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $38,652,366 | 4,892,705 | 3.30% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $35,499,638 | 4,493,625 | 3.03% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $35,339,651 | 4,472,264 | 3.02% | Shares |
| GOLDMAN SACHS GROUP INC | $19,182,938 | 2,428,220 | 1.64% | Shares |
| TWO SIGMA INVESTMENTS, LP | $19,119,683 | 2,420,213 | 1.63% | Shares |
| FMR LLC | $17,697,264 | 2,240,160 | 1.51% | Shares |
| WASATCH ADVISORS LP | $17,106,581 | 2,098,967 | 1.46% | Shares |
| Pine Valley Investments Ltd Liability Co | $15,704,268 | 1,987,882 | 1.34% | Shares |
| Southeast Asset Advisors, LLC | $11,904,043 | 1,506,841 | 1.02% | Shares |
| Man Group plc | $11,830,147 | 1,497,487 | 1.01% | Shares |
| FIRST TRUST ADVISORS LP | $11,734,351 | 1,485,361 | 1.00% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $11,013,785 | 1,394,150 | 0.94% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $10,864,680 | 1,375,276 | 0.93% | Shares |
| GLENMEDE TRUST CO NA | $10,777,938 | 1,364,296 | 0.92% | Shares |
| Invenomic Capital Management LP | $10,047,812 | 1,271,875 | 0.86% | Shares |
| CITADEL ADVISORS LLC | $9,149,669 | 1,158,186 | 0.78% | Shares |
| Trexquant Investment LP | $8,461,579 | 1,071,086 | 0.72% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $8,359,812 | 1,058,204 | 0.71% | Shares |
| CastleKnight Management LP | $8,358,089 | 1,057,986 | 0.71% | Shares |
| WIREGRASS INVESTMENT MANAGEMENT LLC | $7,652,042 | 968,613 | 0.65% | Shares |
| Glenmede Investment Management, LP | $7,448,470 | 570,764 | 0.64% | Shares |
| BANK OF AMERICA CORP /DE/ | $7,114,393 | 900,556 | 0.61% | Shares |
| Allen Mooney & Barnes Investment Advisors LLC | $6,874,060 | 870,134 | 0.59% | Shares |
| Darwins River Capital, LP | $6,030,536 | 763,359 | 0.51% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $5,856,286 | 741,302 | 0.50% | Shares |
| Soviero Asset Management, LP | $5,767,000 | 730,000 | 0.49% | Shares |
| GABELLI FUNDS LLC | $5,758,737 | 728,954 | 0.49% | Shares |
| Public Sector Pension Investment Board | $5,750,047 | 727,854 | 0.49% | Shares |
| Corient Private Wealth LP | $5,699,094 | 721,404 | 0.49% | Shares |
| Walleye Capital LLC | $5,256,700 | 665,405 | 0.45% | Shares |
| Holocene Advisors, LP | $4,849,383 | 613,846 | 0.41% | Shares |
| AMERIPRISE FINANCIAL INC | $4,651,252 | 588,766 | 0.40% | Shares |
| Catalyst Funds Management Pty Ltd | $4,319,412 | 546,761 | 0.37% | Shares |
| RHUMBLINE ADVISERS | $3,849,195 | 487,243 | 0.33% | Shares |
| GAMCO INVESTORS, INC. ET AL | $3,843,263 | 486,489 | 0.33% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,746,970 | 474,300 | 0.32% | Call option |
| Campbell & CO Investment Adviser LLC | $3,656,120 | 462,800 | 0.31% | Shares |
| Ipsen Advisor Group LLC | $3,503,168 | 443,439 | 0.30% | Shares |
| SummitTX Capital, L.P. | $3,410,225 | 431,674 | 0.29% | Shares |
| Bastion Asset Management Inc. | $3,399,227 | 451,895 | 0.29% | Shares |
| Swiss National Bank | $3,106,778 | 393,263 | 0.27% | Shares |
| TWO SIGMA ADVISERS, LP | $2,870,144 | 263,800 | 0.25% | Shares |
| Hestia Capital Management, LLC | $2,867,700 | 363,000 | 0.24% | Shares |
| Bridgewater Associates, LP | $2,863,363 | 362,451 | 0.24% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $2,858,505 | 361,836 | 0.24% | Shares |
| SALEM INVESTMENT COUNSELORS INC | $2,810,094 | 355,708 | 0.24% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,782,117 | 341,364 | 0.24% | Shares |
| Focus Partners Wealth | $2,778,084 | 351,600 | 0.24% | Shares |
| LPL Financial LLC | $2,555,217 | 323,445 | 0.22% | Shares |
| Legal & General Group Plc | $2,545,246 | 322,183 | 0.22% | Shares |
| Wellington Shields & Co., LLC | $2,536,936 | 321,131 | 0.22% | Shares |
| Cubist Systematic Strategies, LLC | $2,399,357 | 183,859 | 0.20% | Shares |
| Williams Jones Wealth Management, LLC. | $2,378,856 | 301,121 | 0.20% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $2,300,742 | 291,233 | 0.20% | Shares |
| Ilex Capital Partners (UK) LLP | $2,288,551 | 289,690 | 0.20% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $2,129,864 | 268,076 | 0.18% | Shares |
| RAYMOND JAMES FINANCIAL INC | $2,109,092 | 266,974 | 0.18% | Shares |
| TRUIST FINANCIAL CORP | $2,106,851 | 266,690 | 0.18% | Shares |
| Allianz Asset Management GmbH | $2,025,615 | 256,407 | 0.17% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,016,515 | 255,255 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,978,127 | 242,715 | 0.17% | Shares |
| Orion Portfolio Solutions, LLC | $1,855,389 | 97,601 | 0.16% | Shares |
| CWA Asset Management Group, LLC | $1,839,516 | 232,850 | 0.16% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,801,713 | 228,065 | 0.15% | Shares |
| Tyler-Stone Wealth Management | $1,765,470 | 110,480 | 0.15% | Shares |
| Bragg Financial Advisors, Inc | $1,762,277 | 223,073 | 0.15% | Shares |
| KEATING INVESTMENT COUNSELORS INC | $1,714,182 | 216,985 | 0.15% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,710,476 | 216,516 | 0.15% | Shares |
| VANGUARD GROUP INC | $1,700,305 | 156,278 | 0.15% | Shares |
| ExodusPoint Capital Management, LP | $1,666,039 | 210,891 | 0.14% | Shares |
| MORGAN STANLEY | $1,626,067 | 205,831 | 0.14% | Shares |
| DEUTSCHE BANK AG\ | $1,583,144 | 200,398 | 0.14% | Shares |
| Bank of New York Mellon Corp | $1,574,644 | 199,322 | 0.13% | Shares |
| Brevan Howard Capital Management LP | $1,542,238 | 195,220 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1,527,614 | 202,298 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,516,010 | 191,900 | 0.13% | Put option |
| Caprock Group, LLC | $1,476,565 | 186,907 | 0.13% | Shares |
| Summit Trail Advisors, LLC | $1,464,628 | 185,396 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,431,448 | 181,196 | 0.12% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $1,420,965 | 179,869 | 0.12% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $1,382,216 | 174,964 | 0.12% | Shares |
| FIFTH THIRD BANCORP | $1,324,238 | 167,625 | 0.11% | Shares |
| Oak Thistle LLC | $1,319,292 | 166,999 | 0.11% | Shares |
| WELLS FARGO & COMPANY/MN | $1,315,413 | 166,508 | 0.11% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,223,654 | 154,893 | 0.10% | Shares |
| Black Swift Group, LLC | $1,187,153 | 150,273 | 0.10% | Shares |
| Creative Planning | $1,183,112 | 149,761 | 0.10% | Shares |
| TD Asset Management Inc | $1,173,150 | 148,500 | 0.10% | Shares |
| State of New Jersey Common Pension Fund D | $1,167,170 | 147,743 | 0.10% | Shares |
| ALPS ADVISORS INC | $1,152,081 | 145,833 | 0.10% | Shares |
| BlackRock, Inc. | $1,144,971 | 144,933 | 0.10% | Shares |
| QUADRANT CAPITAL GROUP LLC | $1,144,765 | 144,907 | 0.10% | Shares |
Company insiders 54 insiders · 28 officers · 24 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ryals Mcmullian | Chairman and CEO | April 1, 2026 S | 813,380 | 0 | 3 | $-8,437,100 |
| Allen L Shiver | President and CEO | Feb. 20, 2019 F | 940,972 | 0 | 0 | $0 |
| Diego Anthony Scaglione | Chief Financial Officer | June 8, 2026 P | 194,180 | 1 | 0 | $37,550 |
| Steve R Kinsey | Chief Financial Officer | Feb. 18, 2025 F | 476,991 | 0 | 0 | $0 |
| Jimmy M Woodward | Senior VP & CFO | Sept. 10, 2007 M | 0 | 0 | 0 | $0 |
| Heeth Varnedoe IV | President and COO | Feb. 25, 2026 F | 105,822 | 0 | 0 | $0 |
| Joseph G Tashie | President - Flowers Cake Group | Feb. 23, 2017 F | 83,878 | 0 | 0 | $0 |
| Brad K Alexander | Chief Operating Officer | Aug. 31, 2022 W | 367,534 | 0 | 0 | $0 |
| Mark H Courtney | Chief Brand Officer | June 15, 2026 A | 129,319 | 0 | 0 | $0 |
| Cindy Cox | Chief Human Resources Officer | Feb. 25, 2026 F | 45,430 | 0 | 1 | $-54,000 |
| Thomas L Winters | Chief Supply Chain Officer | Feb. 25, 2026 F | 50,384 | 0 | 0 | $0 |
| Terry S Thomas | Chief Growth Officer | Feb. 25, 2026 F | 114,977 | 0 | 0 | $0 |
| John Mark Chaffin | Chief Information Officer | Feb. 25, 2026 F | 86,863 | 0 | 0 | $0 |
| Stephanie B Tillman | Chief Legal Counsel | Feb. 25, 2026 F | 110,098 | 0 | 0 | $0 |
| David M Roach | Chief DSD Operations Officer | Feb. 25, 2026 F | 157,865 | 0 | 0 | $0 |
| Debo Mukherjee | Chief Marketing Officer | Feb. 22, 2023 F | 32,087 | 0 | 0 | $0 |
| Robert L Benton JR | EVP of Network Optimization | Feb. 22, 2023 F | 102,786 | 0 | 0 | $0 |
| David Keith Wheeler | Chief Sales Officer | Feb. 22, 2023 F | 117,984 | 0 | 0 | $0 |
| Karyl H Lauder | SVP & Chief Accounting Officer | Feb. 20, 2019 F | 153,987 | 0 | 0 | $0 |
| Stephen R Avera | Chief Legal Counsel | Feb. 20, 2019 F | 487,127 | 0 | 0 | $0 |
| Marta Jones Turner | EVP / Corporate Relations | Aug. 18, 2017 M | 229,382 | 0 | 0 | $0 |
| Dan W Stone | SVP Supply Chain Logistics | Feb. 23, 2017 F | 30,546 | 0 | 0 | $0 |
| David Hubbard | SVP/Information Technology CIO | Feb. 23, 2017 F | 22,354 | 0 | 0 | $0 |
| Robert B Hysell | Pres-Flowers Foodservice Group | June 2, 2016 M | 59,854 | 0 | 0 | $0 |
| Gene D Lord | Executive Vice President | Feb. 25, 2015 F | 742,622 | 0 | 0 | $0 |
| Michael A Beaty | Executive Vice President | Feb. 25, 2015 F | 284,990 | 0 | 0 | $0 |
| Vyto F Razminas | SVP&Chief Information Officer | Sept. 27, 2011 M | 26,264 | 0 | 0 | $0 |
| Donald A Thriffiley JR | SVP / Human Resources | May 31, 2011 S | 25,585 | 0 | 0 | $0 |
| Thomas Caldecot Chubb III | Director | June 4, 2026 D | 58,921 | 0 | 0 | $0 |
| Brigitte King | Director | May 29, 2026 A | 4,660 | 0 | 0 | $0 |
| Sterling A Spainhour Jr. | Director | May 29, 2026 A | 7,900 | 0 | 0 | $0 |
| William Jameson Mcfadden | Director | May 29, 2026 A | 648,131 | 0 | 0 | $0 |
| Edward J. Casey Jr. | Director | May 29, 2026 M | 42,190 | 0 | 0 | $0 |
| Joanne D Smith | Director | May 29, 2026 A | 9,102 | 0 | 0 | $0 |
| Rhonda Gass | Director | May 29, 2026 A | 71,680 | 0 | 0 | $0 |
| Margaret G Lewis | Director | May 29, 2026 A | 100,645 | 0 | 0 | $0 |
| George E Deese | Director | May 29, 2026 M | 2,014,340 | 0 | 0 | $0 |
| James T Spear | Director | May 29, 2026 A | 98,731 | 0 | 0 | $0 |
| Melvin T Stith | Director | Dec. 31, 2025 M | 168,023 | 1 | 0 | $4,970 |
| Martin C Wood III | Director | May 22, 2025 M | 1,257,458 | 0 | 0 | $0 |
| Benjamin H Griswold IV | Director | May 25, 2023 M | 343,284 | 0 | 0 | $0 |
| David V Singer | Director | May 21, 2020 M | 23,763 | 0 | 0 | $0 |
| Amos R Mcmullian | Director | May 23, 2019 M | 3,358,854 | 0 | 0 | $0 |
| Joseph V Shields JR | Director | May 29, 2018 A | 475,952 | 0 | 0 | $0 |
| Franklin L Burke | Director | June 5, 2015 A | 127,795 | 0 | 0 | $0 |
| Manuel A Fernandez | Director | May 23, 2014 A | 69,866 | 0 | 0 | $0 |
| Jackie M Ward | Director | Jan. 2, 2014 A | 129,322 | 0 | 0 | $0 |
| Joseph L Lanier JR | Director | Aug. 16, 2011 G | 0 | 0 | 0 | $0 |
| Robert P Crozer | Director | Dec. 25, 2003 G | 1,599,938 | 0 | 0 | $0 |
| Langdon S Flowers SR | Director | Dec. 10, 2003 G | 110,751 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Gabelli Funds, LLC I.D. No., GAMCO Asset Management Inc. 0; I.D. No., MJG Associates, Inc. I.D. No., GGCP, Inc. I.D. No., GAMCO Investors, Inc. I.D. No., Mario J. Gabelli ×15 filings | Sept. 13, 2007 | — | Initial filing | — | SEC |
| Marc J. Gabelli ________________________________________________________________ (2), Mario J. Gabelli _________________________________________________________________ (2) | April 5, 2001 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Feb. 26, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 79 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FXG · First Trust Exchange-Traded AlphaDE… | 3.63% | 979,558 NS | April 30, 2026 | N-PORT |
| PEY · Invesco Exchange-Traded Fund Trust | 3.50% | 5,529,590 SH | Aug. 8, 2026 | Daily |
| XSHD · Invesco Exchange-Traded Fund Trust … | 2.79% | 276,450 SH | Aug. 8, 2026 | Daily |
| PSCC · Invesco Exchange-Traded Fund Trust … | 2.67% | 155,668 SH | Aug. 8, 2026 | Daily |
| PBJ · Invesco Exchange-Traded Fund Trust | 2.62% | 380,721 SH | Aug. 8, 2026 | Daily |
| DIV · Global X Funds | 1.87% | 1,549,736 NS | April 30, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 0.63% | 262,025 SH | Aug. 8, 2026 | Daily |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.53% | 107,258 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.37% | 1,419,884 NS | April 30, 2026 | N-PORT |
| HIDV · AB Active ETFs, Inc. | 0.32% | 81,607 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.31% | 879,161 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.25% | 340,735 NS | April 30, 2026 | N-PORT |
| FLOW · Global X Funds | 0.25% | 9,324 NS | May 31, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.25% | 14,982 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 115,445 NS | April 30, 2026 | N-PORT |
| FSTA · FIDELITY COVINGTON TRUST | 0.21% | 327,453 NS | April 30, 2026 | N-PORT |
| VDC · VANGUARD WORLD FUND | 0.19% | 2,255,589 SH | Aug. 8, 2026 | Daily |
| PAMC · Pacer Funds Trust | 0.19% | 12,930 NS | April 30, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.18% | 449,544 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.16% | 1,884,628 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.14% | 124,178 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.13% | 191,082 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.13% | 27,206 NS | May 31, 2026 | N-PORT |
| OUSM · ALPS ETF Trust | 0.12% | 136,792 NS | May 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.11% | 16,580 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.10% | 166,198 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.10% | 797,064 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 77,680 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 77,343 NS | April 30, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.09% | 741,770 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.09% | 1,773,075 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.08% | 12,929,350 SH | Aug. 8, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.08% | 105,000 | Aug. 8, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 38,991 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.08% | 1,160,450 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.07% | 2,540 NS | May 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.05% | 23,482 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.05% | 1,100,733 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 187,774 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.04% | 42,574 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.04% | 680,505 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.04% | 4,859,424 SH | Aug. 8, 2026 | Daily |
| SCHD · SCHWAB STRATEGIC TRUST | 0.04% | 5,021,419 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.04% | 3,498 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.03% | 1,012,982 NS | May 31, 2026 | N-PORT |
| BSMS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 95,000 | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.03% | 2,772,294 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.03% | 97,616 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.02% | 10,191 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 8,510 SH | Aug. 8, 2026 | Daily |