Floor & Decor Holdings, Inc. FND
Except where the context suggests otherwise, the terms "Floor & Decor Holdings, Inc.," "Floor & Decor," the "Company," "we," "us," and "our" refer to Floor & Decor Holdings, Inc., a Delaware corporation, together with its consolidated subsidiaries.
Founded in 2000, Floor & Decor is a high-growth, differentiated, multi-channel specialty retailer of hard surface flooring and related accessories and seller of commercial surfaces. Floor & Decor Holdings, Inc. was incorporated as a Delaware corporation in October 2010 in connection with the acquisition of Floor and Decor Outlets of America, Inc. in November 2010 by our previous sponsor owners. As of December 25, 2025, we operated 270 warehouse-format stores and five small-format design studios across 39 states. We believe that we offer the broadest in-stock assortment of laminate and vinyl, tile, wood, and natural stone flooring and installation materials and decorative accessories, as well as adjacent categories, at everyday low prices. This positions us as the one-stop destination for our customers' entire hard surface flooring needs. We appeal to a variety of customers, including professional installers and commercial businesses ("Pro") and homeowners, which are comprised of do-it-yourself customers ("DIY") and buy-it-yourself customers, who buy our products for professional installation ("BIY").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.68B | $4.46B | $4.41B | $4.26B | $3.43B | $2.43B | $2.05B | $1.71B | $1.38B | $1.05B |
| Cost of revenue | $2.64B | $2.53B | $2.56B | $2.54B | $2.01B | $1.39B | $1.18B | $1.01B | $812.2M | $621.5M |
| Gross profit | $2.04B | $1.93B | $1.86B | $1.73B | $1.42B | $1.03B | $863.0M | $702.3M | $572.6M | $429.3M |
| SG&A | $1.77B | $1.67B | $1.54B | $213.8M | $199.4M | $144.7M | $132.4M | $105.3M | $84.7M | $64.0M |
| Total operating expenses | — | $1.67B | $1.54B | $1.33B | $1.08B | $820.3M | $703.8M | $571.0M | $454.8M | $360.1M |
| Operating income | $270.1M | $256.2M | $321.4M | $396.8M | $339.0M | $214.6M | $159.2M | $131.3M | $117.8M | $69.1M |
| Interest expense | $3.4M | $2.8M | $9.9M | $11.1M | $4.9M | $8.4M | $8.8M | $8.9M | $13.8M | $12.8M |
| Pre-tax income | $266.7M | $253.4M | $311.5M | $385.6M | $334.1M | $207.2M | $150.4M | $122.4M | $98.6M | $54.5M |
| Income tax | $58.0M | $47.5M | $65.6M | $87.4M | $50.8M | $12.2M | $251.0K | $6.2M | $4.2M | $11.5M |
| Net income | $208.6M | $205.9M | $246.0M | $298.2M | $283.2M | $195.0M | $150.6M | $116.2M | $102.8M | $43.0M |
| EPS, basic | 1.94 | 1.92 | 2.31 | 2.82 | 2.71 | 1.90 | 1.51 | 1.20 | 1.13 | 0.52 |
| EPS, diluted | 1.92 | 1.90 | 2.28 | 2.78 | 2.64 | 1.84 | 1.44 | 1.11 | 1.03 | 0.49 |
| Shares, diluted (wtd. avg.) | $108.4M | $108.3M | $107.9M | $107.4M | $107.4M | $106.1M | $105.0M | $104.6M | $99.7M | $88.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $249.3M | $187.7M | $34.4M | $9.8M | $139.4M | $307.8M | $27.0M | $644.0K | $556.0K | $451.0K |
| Receivables | — | — | — | — | — | — | — | $67.5M | $54.0M | $34.5M |
| Inventory | $1.13B | $1.13B | $1.11B | $1.29B | $1.01B | $654.0M | $581.9M | $471.0M | $427.9M | $293.7M |
| Total current assets | $1.53B | $1.49B | $1.32B | $1.46B | $1.27B | $1.04B | $701.5M | $559.5M | $503.2M | $336.2M |
| Property, plant and equipment | $1.86B | $1.79B | $1.63B | $1.26B | $929.1M | $579.4M | $456.3M | $328.4M | $221.0M | $150.5M |
| Goodwill | $257.9M | $257.9M | $257.9M | $255.5M | $255.5M | $227.4M | $227.4M | $227.4M | $227.4M | $227.4M |
| Other intangibles | $146.5M | $150.2M | $153.9M | $152.4M | $151.9M | $109.3M | $109.3M | $109.3M | $109.4M | $109.4M |
| Total assets | $5.47B | $5.05B | $4.66B | $4.35B | $3.73B | $2.88B | $2.32B | $1.23B | $1.07B | $831.2M |
| Accounts payable | $683.7M | $794.9M | $679.3M | $590.9M | $661.9M | $417.9M | $368.5M | $313.5M | $258.7M | $158.5M |
| Short-term debt | $2.6M | $2.1M | $2.1M | $2.1M | $2.1M | $1.6M | $0 | $3.5M | $3.5M | $3.5M |
| Total current liabilities | $1.15B | $1.24B | $1.15B | $1.01B | $1.03B | $698.8M | $552.5M | $404.3M | $359.3M | $243.7M |
| Long-term debt | $193.6M | $194.5M | $194.9M | $405.6M | $195.8M | $207.2M | $142.6M | $145.3M | $144.6M | $337.2M |
| Total liabilities | $3.06B | $2.88B | $2.73B | $2.69B | $2.41B | $1.88B | $1.56B | $649.8M | $625.1M | $696.9M |
| Retained earnings | $1.83B | $1.62B | $1.42B | $1.17B | $872.2M | $589.0M | $394.0M | $243.6M | $119.5M | $16.8M |
| Total equity | $2.41B | $2.17B | $1.93B | $1.66B | $1.32B | $997.4M | $764.3M | $584.3M | $442.9M | $134.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $381.8M | $603.2M | $803.6M | $112.5M | $301.3M | $406.2M | $204.7M | $185.6M | $109.2M | $89.5M |
| Depreciation and amortisation | $241.2M | $232.5M | $201.9M | $155.0M | $118.2M | $91.6M | $74.0M | $52.0M | $38.1M | $28.6M |
| Stock-based compensation | $29.5M | $33.7M | $27.2M | $22.2M | $20.5M | $16.1M | $8.7M | $6.5M | $5.0M | $3.2M |
| Capital expenditure | $317.8M | $446.8M | $547.6M | $456.6M | $407.7M | $212.4M | $196.0M | $151.4M | $102.3M | $74.6M |
| Investing cash flow | -$317.8M | -$446.8M | -$565.0M | -$455.6M | -$471.2M | -$212.4M | -$196.0M | -$151.4M | -$102.3M | -$74.6M |
| Financing cash flow | -$2.4M | -$3.0M | -$214.0M | $213.5M | $1.6M | $87.0M | $17.7M | -$34.1M | -$6.8M | -$14.7M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $225.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009770.
Others in SIC 5211
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| HD | HOME DEPOT, INC. | $320.31B | 22.6x | 3.2% |
| LOW | LOWES COMPANIES INC | $114.71B | 17.3x | 3.1% |
| BLDR | Builders FirstSource, Inc. | $7.08B | 16.9x | -7.4% |
| JCTC | JEWETT CAMERON TRADING CO LTD | $10.3M | — | -12.4% |