Floor & Decor Holdings, Inc.FND
NYSE•Consumer Cyclical•Home Improvement Retail
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. 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.
Floor & Decor Holdings, Inc. (FND) reported trailing twelve months revenue of $4.68B as of March 2026, a 3.5% increase year-over-year. Quarterly revenue reached $1.15B, reflecting continued top-line momentum.
Floor & Decor Holdings, Inc. generated $199.48M in TTM net income, with quarterly EBITDA of $113.72M. The operating margin contracted from 5.5% to 4.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (4.5%) and net margin (3.4%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 4.2% a year ago, reflecting increased costs or interest expense.
FND trades at a P/E of 28.7x (in line with broad market averages) and a P/S of 1.2x. The price-to-book ratio of 2.3x reflects a moderate premium to book value.
The company generated $45.81M in free cash flow over the trailing twelve months, a 932.8% increase year-over-year, indicating cash generation ability. The balance sheet shows $5.58B in total assets with $196.12M in long-term debt against $2.46B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~5.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~9.2% on average, adequate but below the threshold typically associated with wide moats.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (6 of 7 quarters up), with ~6.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~5.5% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.