Floor & Decor Holdings, Inc. (FND) 10-Year Financial Performance & Capital Metrics

FND • • Industrial / General

Consumer CyclicalHome Improvement RetailSpecialty Flooring RetailSpecialty Flooring Chains

AboutFloor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers. As of May 5, 2022, the company operated 166 warehouse-format stores and five design studios in 34 states. It also sells products through its Website, FloorandDecor.com. 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.Show more

Revenue $4.46B +0.9%
EBITDA $489M -6.6%
Net Income $206M -16.3%
EPS (Diluted) 1.90 -16.7%
Gross Margin 43.28% +2.8%
EBITDA Margin 10.97% -7.5%
Operating Margin 5.75% -21.0%
Net Margin 4.62% -17.1%
ROE 10.04% -26.8%
ROIC 5.34% -23.4%
Debt/Equity 0.78 -7.7%
Interest Coverage 92.38 +184.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.8%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.52%

5Y16.85%

3Y9.08%

TTM6.04%

Profit (Net Income) CAGR

10Y29.86%

5Y6.45%

3Y-10.09%

TTM10.91%

EPS CAGR

10Y28.07%

5Y5.7%

3Y-10.38%

TTM11.11%

ROCE

10Y Avg12.22%

5Y Avg10.72%

3Y Avg9.84%

Latest7%

Peer Comparison

Specialty Flooring Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TTSHTile Shop Holdings, Inc.	169.92M	3.80	76	-7.97%	-0.5%	-1.37%	7.4%	1.16
FNDFloor & Decor Holdings, Inc.	8.14B	75.52	39.75	0.95%	4.65%	9.18%	1.92%	0.78

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	784.01M	1.05B	1.38B	1.71B	2.05B	2.43B	3.43B	4.26B	4.41B	4.46B
Revenue Growth %	0.34%	0.34%	0.32%	0.23%	0.2%	0.19%	0.42%	0.24%	0.04%	0.01%
Cost of Goods Sold+	471.39M	621.5M	812.2M	1.01B	1.18B	1.39B	2.01B	2.54B	2.56B	2.53B
COGS % of Revenue	0.6%	0.59%	0.59%	0.59%	0.58%	0.57%	0.59%	0.59%	0.58%	0.57%
Gross Profit+	312.62M	429.26M	572.56M	702.27M	863.01M	1.03B	1.42B	1.73B	1.86B	1.93B
Gross Margin %	0.4%	0.41%	0.41%	0.41%	0.42%	0.43%	0.41%	0.41%	0.42%	0.43%
Gross Profit Growth %	0.36%	0.37%	0.33%	0.23%	0.23%	0.2%	0.37%	0.21%	0.08%	0.04%
Operating Expenses+	259.93M	349.63M	454.79M	570.97M	703.83M	820.31M	1.08B	1.33B	1.54B	1.67B
OpEx % of Revenue	0.33%	0.33%	0.33%	0.33%	0.34%	0.34%	0.32%	0.31%	0.35%	0.38%
Selling, General & Admin	252.55M	335.9M	438.31M	544.82M	679.24M	798.82M	1.05B	1.29B	1.49B	1.63B
SG&A % of Revenue	0.32%	0.32%	0.32%	0.32%	0.33%	0.33%	0.31%	0.3%	0.34%	0.37%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	7.38M	13.73M	16.48M	26.14M	24.59M	21.5M	34.43M	38.64M	44.98M	43.59M
Operating Income+	52.39M	69.13M	117.77M	131.3M	159.18M	214.58M	338.99M	396.76M	321.43M	256.18M
Operating Margin %	0.07%	0.07%	0.09%	0.08%	0.08%	0.09%	0.1%	0.09%	0.07%	0.06%
Operating Income Growth %	0.56%	0.32%	0.7%	0.11%	0.21%	0.35%	0.58%	0.17%	-0.19%	-0.2%
EBITDA+	72.08M	97.73M	154.06M	183.29M	233.18M	306.22M	457.19M	551.78M	523.3M	488.65M
EBITDA Margin %	0.09%	0.09%	0.11%	0.11%	0.11%	0.13%	0.13%	0.13%	0.12%	0.11%
EBITDA Growth %	0.52%	0.36%	0.58%	0.19%	0.27%	0.31%	0.49%	0.21%	-0.05%	-0.07%
D&A (Non-Cash Add-back)	19.68M	28.6M	36.29M	51.99M	74M	91.64M	118.2M	155.02M	201.87M	232.47M
EBIT	52.69M	79.63M	112.33M	131.3M	159.18M	214.58M	338.99M	396.76M	321.43M	256.18M
Net Interest Income+	-9.39M	-12.8M	-13.78M	-8.92M	-8.8M	-8.39M	-4.92M	-11.14M	-9.9M	-2.77M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	9.39M	12.8M	13.78M	8.92M	8.8M	8.39M	4.92M	11.14M	9.9M	2.77M
Other Income/Expense	-9.39M	-14.62M	-19.22M	-8.92M	-8.8M	-7.37M	-4.92M	-11.14M	-9.9M	-2.77M
Pretax Income+	43.01M	54.51M	98.55M	122.38M	150.38M	207.21M	334.07M	385.62M	311.53M	253.4M
Pretax Margin %	0.05%	0.05%	0.07%	0.07%	0.07%	0.09%	0.1%	0.09%	0.07%	0.06%
Income Tax+	16.2M	11.47M	-4.24M	6.2M	-251K	12.22M	50.84M	87.43M	65.55M	47.53M
Effective Tax Rate %	0.62%	0.79%	1.04%	0.95%	1%	0.94%	0.85%	0.77%	0.79%	0.81%
Net Income+	26.81M	43.04M	102.79M	116.19M	150.63M	194.98M	283.23M	298.19M	245.98M	205.87M
Net Margin %	0.03%	0.04%	0.07%	0.07%	0.07%	0.08%	0.08%	0.07%	0.06%	0.05%
Net Income Growth %	0.78%	0.61%	1.39%	0.13%	0.3%	0.29%	0.45%	0.05%	-0.18%	-0.16%
Net Income (Continuing)	26.81M	43.04M	102.79M	116.19M	150.63M	194.98M	283.23M	298.19M	245.98M	205.87M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.28	0.44	1.03	1.11	1.44	1.84	2.64	2.78	2.28	1.90
EPS Growth %	0.75%	0.57%	1.34%	0.08%	0.3%	0.28%	0.43%	0.05%	-0.18%	-0.17%
EPS (Basic)	0.29	0.47	1.13	1.11	1.51	1.90	2.71	2.82	2.31	1.92
Diluted Shares Outstanding	97.25M	97.25M	99.66M	104.56M	104.96M	106.14M	107.39M	107.44M	107.88M	108.32M
Basic Shares Outstanding	92.26M	92.26M	90.95M	104.56M	99.44M	102.69M	104.68M	105.63M	106.26M	107.08M
Dividend Payout Ratio	-	5.23%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	305.19M	336.21M	503.21M	559.46M	701.49M	1.04B	1.27B	1.46B	1.32B	1.49B
Cash & Short-Term Investments	318K	451K	556K	644K	27.04M	307.77M	139.44M	9.79M	34.38M	187.67M
Cash Only	318K	451K	556K	644K	27.04M	307.77M	139.44M	9.79M	34.38M	187.67M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	26.22M	34.53M	66.51M	71.85M	72.17M	50.43M	84.97M	102.06M	127.38M	123.22M
Days Sales Outstanding	12.21	12	17.53	15.34	12.88	7.59	9.03	8.74	10.53	10.09
Inventory	272.57M	293.7M	427.95M	471.01M	581.87M	654M	1.01B	1.29B	1.11B	1.13B
Days Inventory Outstanding	211.05	172.49	192.32	170.63	179.61	171.62	182.96	185.95	157.99	163.56
Other Current Assets	0	0	0	0	20.41M	0	0	53.3M	48.73M	48.9M
Total Non-Current Assets+	443.7M	494.95M	564.78M	674.63M	1.87B	1.84B	2.46B	2.89B	3.35B	3.56B
Property, Plant & Equipment	102.98M	150.47M	220.95M	328.37M	1.28B	1.5B	2.03B	2.46B	2.91B	3.12B
Fixed Asset Turnover	7.61x	6.98x	6.27x	5.21x	1.60x	1.62x	1.69x	1.73x	1.52x	1.43x
Goodwill	227.45M	227.45M	227.45M	227.45M	227.45M	227.45M	255.47M	255.47M	257.94M	257.94M
Intangible Assets	109.43M	109.39M	109.36M	109.33M	109.3M	109.27M	151.94M	152.35M	153.87M	150.2M
Long-Term Investments	0	0	0	-26.84M	20K	-27.99M	0	0	0	42K
Other Non-Current Assets	3.84M	7.64M	7.02M	9.49M	7.51M	7.57M	7.28M	10.97M	7.33M	15M
Total Assets+	748.89M	831.17M	1.07B	1.23B	2.57B	2.88B	3.73B	4.35B	4.66B	5.05B
Asset Turnover	1.05x	1.26x	1.30x	1.39x	0.79x	0.84x	0.92x	0.98x	0.95x	0.88x
Asset Growth %	0.18%	0.11%	0.28%	0.16%	1.09%	0.12%	0.3%	0.17%	0.07%	0.08%
Total Current Liabilities+	196.57M	243.71M	359.3M	404.29M	552.54M	698.84M	1.03B	1.01B	1.15B	1.24B
Accounts Payable	147.32M	158.47M	258.73M	313.5M	368.46M	417.9M	661.88M	590.88M	679.26M	794.86M
Days Payables Outstanding	114.07	93.07	116.27	113.57	113.74	109.67	120.12	85.02	97.02	114.79
Short-Term Debt	1.27M	3.5M	3.5M	3.5M	74.59M	1.65M	2.1M	2.1M	2.1M	2.1M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	9.24M	14.8M	23.61M	69.56M	75.84M	127.73M	192.08M	274.46M	310.52M	83.53M
Current Ratio	1.55x	1.38x	1.40x	1.38x	1.27x	1.49x	1.23x	1.45x	1.14x	1.20x
Quick Ratio	0.17x	0.17x	0.21x	0.22x	0.22x	0.55x	0.26x	0.16x	0.18x	0.29x
Cash Conversion Cycle	109.19	91.42	93.58	72.4	78.75	69.55	71.87	109.66	71.5	58.87
Total Non-Current Liabilities+	239.95M	453.17M	265.83M	245.5M	1.26B	1.18B	1.38B	1.69B	1.58B	1.64B
Long-Term Debt	176.32M	387.24M	185.56M	141.83M	142.61M	207.16M	195.76M	405.55M	194.94M	194.53M
Capital Lease Obligations	-29.42M	-37.07M	0	0	844.27M	941.13M	1.12B	1.23B	1.3B	1.35B
Deferred Tax Liabilities	33.72M	28.27M	27.22M	26.84M	268.19M	0	40.96M	41.52M	67.19M	67.83M
Other Non-Current Liabilities	482K	592K	25.83M	76.83M	2.18M	7.93M	17.77M	12.73M	15.67M	22.49M
Total Liabilities	436.52M	696.88M	625.13M	649.78M	1.81B	1.88B	2.41B	2.69B	2.73B	2.88B
Total Debt+	177.59M	390.74M	189.06M	145.33M	1.06B	1.24B	1.42B	1.74B	1.63B	1.69B
Net Debt	177.27M	390.29M	188.51M	144.69M	1.03B	936.66M	1.28B	1.73B	1.59B	1.5B
Debt / Equity	0.57x	2.91x	0.43x	0.25x	1.39x	1.25x	1.08x	1.05x	0.84x	0.78x
Debt / EBITDA	2.46x	4.00x	1.23x	0.79x	4.55x	4.06x	3.11x	3.15x	3.11x	3.45x
Net Debt / EBITDA	2.46x	3.99x	1.22x	0.79x	4.44x	3.06x	2.81x	3.14x	3.04x	3.07x
Interest Coverage	5.58x	5.40x	8.55x	14.72x	18.09x	25.58x	68.84x	35.62x	32.48x	92.38x
Total Equity+	312.37M	134.28M	442.86M	584.31M	764.34M	997.39M	1.32B	1.66B	1.93B	2.17B
Equity Growth %	0.11%	-0.57%	2.3%	0.32%	0.31%	0.3%	0.33%	0.25%	0.17%	0.12%
Book Value per Share	3.21	1.38	4.44	5.59	7.28	9.40	12.32	15.42	17.90	20.03
Total Shareholders' Equity	312.37M	134.28M	442.86M	584.31M	764.34M	997.39M	1.32B	1.66B	1.93B	2.17B
Common Stock	83K	83K	96K	98K	101K	104K	106K	106K	107K	107K
Retained Earnings	48.09M	16.75M	119.55M	243.56M	394.01M	589M	872.23M	1.17B	1.42B	1.62B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-100K	176K	-205K	186K	-193K	164K	535K	4.34M	1.42M	-40K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.38M	89.46M	109.21M	185.62M	204.66M	406.16M	301.34M	112.45M	803.59M	603.15M
Operating CF Margin %	0.03%	0.09%	0.08%	0.11%	0.1%	0.17%	0.09%	0.03%	0.18%	0.14%
Operating CF Growth %	-0.53%	3.39%	0.22%	0.7%	0.1%	0.98%	-0.26%	-0.63%	6.15%	-0.25%
Net Income	26.81M	43.04M	102.79M	116.19M	150.63M	194.98M	283.23M	298.19M	245.98M	205.87M
Depreciation & Amortization	19.68M	28.6M	38.06M	51.99M	74M	91.64M	118.2M	155.02M	201.87M	232.47M
Stock-Based Compensation	3.26M	3.23M	4.96M	6.51M	8.71M	16.11M	20.53M	22.23M	27.24M	33.7M
Deferred Taxes	464K	-5.54M	-557K	-968K	-10.58M	9.61M	3.04M	2.52M	23.72M	-1.81M
Other Non-Cash Items	-2.05M	-297K	2.26M	-4.68M	6.48M	-629K	795K	2.66M	3.65M	1.37M
Working Capital Changes	-27.78M	20.42M	-38.3M	16.58M	-24.58M	94.44M	-124.45M	-368.19M	301.13M	131.55M
Change in Receivables	-3.09M	16.45M	-10.02M	-15.22M	-17.85M	18.87M	-19.77M	-21.02M	-17.26M	-1.97M
Change in Inventory	-70.99M	-21.13M	-134.25M	-53.56M	-110.85M	-72.14M	-349.68M	-283.44M	194.89M	-26.45M
Change in Payables	40.45M	11.14M	100.26M	54.77M	54.96M	49.44M	232.76M	-84.73M	96.98M	122.34M
Cash from Investing+	-45.02M	-74.65M	-102.25M	-151.4M	-196.01M	-212.45M	-471.24M	-455.64M	-564.97M	-446.83M
Capital Expenditures	-45.04M	-74.65M	-102.25M	-151.4M	-196.01M	-212.45M	-407.67M	-456.6M	-547.61M	-446.83M
CapEx % of Revenue	0.06%	0.07%	0.07%	0.09%	0.1%	0.09%	0.12%	0.11%	0.12%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	16K	0	0	0	0	0	0	4.77M	0	0
Cash from Financing+	24.68M	-14.68M	-6.85M	-34.14M	17.74M	87.02M	1.57M	213.54M	-214.03M	-3.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-225M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-53K	-10.26M	7.32M	10.36M	21.24M	14.72M	15.27M	-6.53M	-1.73M	-16.51M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.66M	14.81M	6.95M	34.23M	8.65M	193.72M	-106.33M	-344.15M	255.98M	156.33M
FCF Margin %	-0.03%	0.01%	0.01%	0.02%	0%	0.08%	-0.03%	-0.08%	0.06%	0.04%
FCF Growth %	-6.45%	1.6%	-0.53%	3.92%	-0.75%	21.39%	-1.55%	-2.24%	1.74%	-0.39%
FCF per Share	-0.25	0.15	0.07	0.33	0.08	1.83	-0.99	-3.20	2.37	1.44
FCF Conversion (FCF/Net Income)	0.76x	2.08x	1.06x	1.60x	1.36x	2.08x	1.06x	0.38x	3.27x	2.93x
Interest Paid	8.9M	6.92M	15.75M	7.56M	7.39M	8.04M	6.28M	7.4M	9.6M	5.83M
Taxes Paid	20.18M	8.93M	14.39M	1.08M	6.45M	12.67M	63.68M	92.92M	61.03M	42.88M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.02%	19.27%	35.62%	22.62%	22.34%	22.14%	24.41%	20.01%	13.71%	10.04%
Return on Invested Capital (ROIC)	8.51%	10.22%	15.28%	14.48%	9.45%	8.62%	11.2%	9.93%	6.98%	5.34%
Gross Margin	39.87%	40.85%	41.35%	41.07%	42.19%	42.66%	41.42%	40.51%	42.1%	43.28%
Net Margin	3.42%	4.1%	7.42%	6.8%	7.36%	8.04%	8.25%	6.99%	5.57%	4.62%
Debt / Equity	0.57x	2.91x	0.43x	0.25x	1.39x	1.25x	1.08x	1.05x	0.84x	0.78x
Interest Coverage	5.58x	5.40x	8.55x	14.72x	18.09x	25.58x	68.84x	35.62x	32.48x	92.38x
FCF Conversion	0.76x	2.08x	1.06x	1.60x	1.36x	2.08x	1.06x	0.38x	3.27x	2.93x
Revenue Growth	34.11%	34.02%	31.79%	23.48%	19.63%	18.59%	41.54%	24.2%	3.5%	0.95%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Tile	419.75M	476.34M	523.08M	605.36M	801.1M	964M	1.03B	1.03B
Tile Growth	-	13.48%	9.81%	15.73%	32.34%	20.33%	7.24%	-0.62%
Installation Materials And Tools	-	272.99M	346.36M	403.18M	558.72M	713.13M	828.6M	909.82M
Installation Materials And Tools Growth	-	-	26.87%	16.41%	38.58%	27.64%	16.19%	9.80%
Wood	167.15M	192.09M	202.89M	211.31M	259.64M	274.53M	258.36M	275.63M
Wood Growth	-	14.92%	5.62%	4.15%	22.87%	5.74%	-5.89%	6.69%
Natural Stone	104.67M	113.56M	127.97M	152.66M	199.14M	212.17M	208.29M	204.97M
Natural Stone Growth	-	8.50%	12.69%	19.29%	30.44%	6.54%	-1.83%	-1.59%
Adjacent Categories	-	-	-	-	54.48M	69.82M	83.53M	103.8M
Adjacent Categories Growth	-	-	-	-	-	28.15%	19.63%	24.27%
Product and Service, Other	-	-	-	12.24M	41.04M	101.31M	104.24M	92.17M
Product and Service, Other Growth	-	-	-	-	235.41%	146.85%	2.89%	-11.57%
Decorative Accessories	257.68M	325.14M	393.91M	485.08M	642.7M	744.89M	-	-
Decorative Accessories Growth	-	26.18%	21.15%	23.14%	32.49%	15.90%	-	-
Laminate Luxury Vinyl Plank	208.24M	316.11M	442.17M	555.96M	876.71M	-	-	-
Laminate Luxury Vinyl Plank Growth	-	51.80%	39.88%	25.73%	57.69%	-	-	-
Decorative Accessories Adjacent Categories	-	-	-	20.5M	-	-	-	-
Decorative Accessories Adjacent Categories Growth	-	-	-	-	-	-	-	-
Delivery And Other	9.85M	13.62M	9.08M	-	-	-	-	-
Delivery And Other Growth	-	38.23%	-33.30%	-	-	-	-	-
Accessories Installation Materials And Tools	217.43M	-	-	-	-	-	-	-
Accessories Installation Materials And Tools Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Floor & Decor Holdings, Inc. (FND) has a price-to-earnings (P/E) ratio of 39.7x. This suggests investors expect higher future growth.

Growth & Financials

Floor & Decor Holdings, Inc. (FND) reported $4.66B in revenue for fiscal year 2024. This represents a 1291% increase from $335.1M in 2012.

Floor & Decor Holdings, Inc. (FND) grew revenue by 0.9% over the past year. Growth has been modest.

Yes, Floor & Decor Holdings, Inc. (FND) is profitable, generating $216.8M in net income for fiscal year 2024 (4.6% net margin).

Dividend & Returns

Floor & Decor Holdings, Inc. (FND) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

Floor & Decor Holdings, Inc. (FND) generated $22.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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