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Floor & Decor Holdings, Inc.

Rank #166Value

FND · NYSE · Consumer Cyclical

Floor & Decor Holdings, Inc. (FND) — Rank #166 by gross profitability (GP/assets 0.36) · ROE 8.4% · Piotroski F-Score 6 / 9.

As-of 2026-09-15 · CIK 0001507079 · all metrics point-in-time as of the filing date.

About

Floor & Decor Holdings, Inc., together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in the United States.

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The company offers wood-based laminate flooring, vinyl, and engineered/composite rigid core vinyl; porcelain and ceramic tile, porcelain mosaics and tile slabs; grout, mortar, backer board, tools, adhesives, underlayments, moldings, and stair treads; and decorative tiles and mosaics, such as natural stone, porcelain, ceramic, glass, wall tile, and decorative trims. The company also provides solid prefinished and unfinished hardwood, engineered hardwood, bamboo, and wood countertops; marble, limestone, travertine, slate, ledger; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, bathroom lighting, and kitchen cabinets. It sells products through its warehouse-format stores and five small-format design studios, as well as through Website, FloorandDecor.com. The company serves professional installers, commercial businesses, and homeowners. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc.

was founded in 2000 and is headquartered in Atlanta, Georgia.

Industry
Home Improvement Retail
Sector
Consumer Cyclical
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Price History

FND-62.4% · -17.8% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

$5.01B

P/E (annual)

24.5

P/S (annual)

1.1

P/B

2.0

P/OCF (annual)

13.1

Shareholder Yield

-0.1%

Employees

10,469

Industry

Home Improvement Retail

Exchange

NYSE

Signal Flags

3 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.36
Return on equity
8.4%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.29
Current ratio
1.33×
Net cash
$125.29M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
5.1%
Piotroski F-Score
6 / 9
Share dilution
0.1%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

26.7%

stretched

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.1% — per-share value needs a total required return of 26.8% once share-count change is priced in.

vs. own 6-year median revenue growth: 11.9%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

21.3%

r = 10% (base)

26.7%

r = 12%

31.3%

Net debt / market cap: -2.5%

Base FCF: $64.1M3Y mean FCF: $158.8M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

34.4xCheap
32.7xmed 37.9x79.1x

P / S

Price / revenue per share

1.5xCheap
1.5xmed 2.8x4.1x

P / B

Price / book value per share

3.0xCheap
3.0xmed 7.2x25.5x

P / GP

Price / gross profit per share

3.5xCheap
3.5xmed 6.6x9.6x

P / FCF

Price / free cash flow per share

111.9xFair
47.8xmed 115.1x667.4x

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.36

Primary signal (Novy-Marx).

Return on equity

8.4%

Gross margin

43.6%

Revenue growth (YoY)

5.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

3.2%

Revenue CAGR (5Y)

14.1%

Earnings CAGR (3Y)

-11.2%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.29

Current ratio

1.33×

Quick ratio

—

Net cash

$125.29M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$64.07M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.69

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Op. Leverage
Hypergrowth
Value
View full financial statements →