Financials

Floor & Decor Holdings Inc. financials

FND Specialty Retail

Floor & Decor Holdings Inc., founded in 2000, is a specialty retailer offering a diverse range of hard surface flooring products such as ceramic, porcelain, natural stone, wood, and laminate. Under the leadership of CEO Doug Pitman since 2018, the company has grown its network to over 160 stores across the United States while capturing an estimated 5-6% market share in its niche. It leverages exclusive product lines like its Premium Collection and efficient supply chain operations to serve both professional contractors and DIY homeowners. With plans to expand its store footprint and enhance digital initiatives, Floor & Decor is well-positioned to capitalize on rising consumer demand in the flooring market.

Snapshot

Floor & Decor Holdings Inc. reported $4.68B in revenue in fiscal 2025, up 5.1% year over year, with an operating margin of 5.8%.

Revenue (FY2025)
$4.68B
YoY growth
+5.1%
Operating margin
5.8%
Direction
Expanding

Financial statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues4,684,0904,455,7704,413,8804,264,470
Cost of Sales2,640,1802,527,5202,555,5402,536,760
Gross Profit2,043,9101,928,2501,858,3501,727,720
Selling, General & Administrative Expenses1,773,8401,672,0801,536,9201,292,310
Other Operating Expenses———38,642
Operating Profit270,070256,176321,428396,760
Interest Expense(3,409)(2,773)(9,897)(11,138)
Total Non-Operating Income(3,409)(2,773)(9,897)(11,138)
Income Before Provision for Income Taxes266,661253,403311,531385,622
Provision for Income Taxes58,01447,53165,55187,427
Consolidated Net Income208,647205,872245,980298,195
Net Income Attributable to Common Shareholders208,647205,872245,980298,195
Basic EPS1.941.922.312.82
Diluted EPS1.921.902.282.78
Basic Weighted Average Shares Outstanding107,639107,075106,264105,626
Diluted Weighted Average Shares Outstanding108,419108,319107,882107,443
Shares Outstanding107,774107,357106,738106,151
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents249,296187,66934,3829,794
Total Cash and Cash Equivalents249,296187,66934,3829,794
Accounts Receivable94,068101,48699,51394,732
Other Receivables7,27021,73527,8707,325
Total Trade Receivables101,338123,221127,383102,057
Inventories1,133,0801,132,6001,106,1501,292,340
Other Current Assets44,21448,89648,72553,298
Total Current Assets1,527,9301,492,3901,316,6401,457,490
Net Property, Plant & Equipment3,473,9003,117,8302,912,5402,463,690
Net Intangible Assets146,536150,203153,869152,353
Goodwill257,940257,940257,940255,473
Other Long-Term Assets63,05232,12521,55922,239
Total Assets5,469,3605,050,4804,662,5504,351,240
Accounts Payable683,675794,855679,265590,883
Accrued Expenses298,740295,425332,940298,019
Current Portion of Long-Term Debt2,6292,1032,1032,103
Current Portion of Leases155,661138,646126,428105,693
Unearned Revenue10,68513,16311,27710,060
Total Current Liabilities1,151,3901,244,1901,152,0101,006,760
Long-Term Debt193,589194,527194,939405,551
Leases1,639,6001,351,2801,301,7501,227,510
Other Long-Term Liabilities75,94590,31982,85454,250
Total Long-Term Liabilities1,909,1301,636,1301,579,5501,687,310
Total Liabilities3,060,5202,880,3202,731,5602,694,070
Common Stock108107107106
Additional Paid-in Capital577,786547,818513,060482,312
Accumulated Other Comprehensive Income22(40)1,4224,337
Retained Earnings1,830,9201,622,2701,416,4001,170,420
Total Common Shareholders' Equity2,408,8402,170,1601,930,9901,657,180
Total Shareholders' Equity2,408,8402,170,1601,930,9901,657,180
Total Liabilities and Shareholders' Equity5,469,3605,050,4804,662,5504,351,240
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Net Income208,647205,872245,980298,195
Depreciation & Amortization241,160232,473201,869155,023
Share-Based Compensation Expense29,50533,69527,24022,233
Other Adjustments(20,407)(570)27,2565,188
Changes in Trade Receivables7,418(1,973)1,151(12,150)
Changes in Inventories(484)(26,449)194,890(283,438)
Changes in Accounts Payable(115,030)122,33896,985(84,732)
Changes in Accrued Expenses26,00231,4777,50738,716
Changes in Income Taxes Payable14,1335,657(18,413)(8,865)
Changes in Unearned Revenue(2,478)1,8861,217(4,432)
Changes in Other Operating Activities(6,630)(1,251)17,907(13,288)
Cash from Operating Activities381,836603,155803,589112,450
Capital Expenditure(317,764)(446,826)(547,613)(456,600)
Proceeds from Sale of Property, Plant & Equipment———4,773
Payments for Business Acquisitions——(17,353)(3,810)
Cash from Investing Activities(317,764)(446,826)(564,966)(455,637)
Issuance of Short-Term Debt—258,600518,9001,047,100
Repayments of Short-Term Debt—(258,600)(729,100)(836,900)
Net Issuance / (Repayments) of Short-Term Debt—0(210,200)210,200
Repayments of Long-Term Debt(2,103)(2,103)(2,103)(2,103)
Net Issuance / (Repayments) of Long-Term Debt(2,103)(2,103)(2,103)(2,103)
Issuance of Common Shares9,42315,57416,11911,971
Repurchases of Common Shares(8,959)(14,511)(12,610)(2,224)
Net Issuance / (Repurchases) of Common Shares4641,0633,5099,747
Other Financing Activities(806)(2,002)(5,241)(4,307)
Cash from Financing Activities(2,445)(3,042)(214,035)213,537
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash61,627153,28724,588(129,650)

Key metrics

$6.81B
Market Cap
32.92x
P/E
1.45x
P/S
16.73x
EV/EBITDA
9.1%
Return on Equity
5.3%
Return on Invested Capital
1.33x
Current Ratio
1.4%
Free Cash Flow Margin

Quarterly trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2026$1.15B+-0.7%4.5%$52M
Q4 2025$1.13B+2.0%4.6%$52M
Q3 2025$1.18B+5.5%6.1%$72M
Q2 2025$1.21B+7.1%6.7%$82M
Q1 2025$1.16B—5.5%$64M
Q4 2024$1.11B—5.3%$59M
Q3 2024$1.12B—5.9%$66M
Q2 2024$1.13B—6.3%$71M

Margins

43.6%
Gross margin
5.8%
Operating margin
4.5%
Net margin
SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated

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