Floor & Decor Holdings Inc
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Floor & Decor Holdings Inc AI Insights
Informational only. Not investment advice.Snapshot
- Gross margin 43.6% TTM vs industry median 35% - 25% premium reflects warehouse model pricing power in specialty flooring[Gross Margin TTM]
- CapEx 336M TTM (7.2% of revenue) consuming 94% of operating cash flow - FCF only 23M despite 518M EBITDA[Capital Expenditure TTM]
- Inventory 1.16B (25% of revenue) with 47M increase - working capital intensive model requires monitoring[Inventory]
Watch Triggers
- ROIC TTM: Rises above 8% — Would signal new stores reaching maturity and earning above cost of capital
- Free Cash Flow TTM: Turns negative or CapEx exceeds operating cash flow — Would indicate growth strategy straining balance sheet
- Inventory: Growth exceeds revenue growth by >5% — Signals demand weakness or buying missteps in flooring cycle
Bull Case
Gross margin 43.6% (25% above industry) with operating margin 6.6% (2x median) shows scalable model - as CapEx normalizes, FCF should expand materially
Debt/equity 0.84 with only 3M interest expense TTM provides capacity to fund growth without dilution
Bear Case
EPS growth -3% 5Y CAGR vs industry +12% median - growth investments destroying value if new stores underperform
P/E 34.5x (48% premium to industry 23x) prices in perfect execution on store rollout with no margin for error
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Store expansion will compress FCF for 2-3 years before inflecting as new locations mature
- CapEx 7.2% of revenue vs 2.4% industry median
- PPE 3.5B indicates heavy store buildout
- Operating margin 6.6% has room to expand with scale
Valuation Context
Caveats
FND Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$5.29B | — | ||
$7.0B | — | ||
26 | — | ||
$4.68B | +3.5% | — | |
$1.84 | -15.7% | — | |
5.52% | -1.1% | — | |
4.27% | -0.3% | — | |
$105.45M | -15.6% | — | |
8.53% | -1.2% | — | |
Beta 5Y (Monthly) | unknown | — |
FND Dividend History
FND Stock Splits
FND SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
04/30/26 | 03/26/26 | 10-Q | |
02/19/26 | 12/25/25 | Unknown | |
10/30/25 | 09/25/25 | 10-Q | |
07/31/25 | 06/26/25 | 10-Q | |
05/01/25 | 03/27/25 | 10-Q | |
02/20/25 | 12/26/24 | 10-K | |
10/30/24 | 09/26/24 | 10-Q | |
08/01/24 | 06/27/24 | 10-Q | |
05/02/24 | 03/28/24 | 10-Q | |
02/22/24 | 12/28/23 | 10-K | |
11/02/23 | 09/28/23 | 10-Q | |
08/03/23 | 06/29/23 | 10-Q | |
05/04/23 | 03/30/23 | 10-Q | |
02/23/23 | 12/29/22 | 10-K | |
11/03/22 | 09/29/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/30/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 07/01/21 | 10-Q | |
05/06/21 | 04/01/21 | 10-Q | |
02/25/21 | 12/31/20 | 10-K | |
10/29/20 | 09/24/20 | 10-Q | |
07/31/20 | 06/25/20 | 10-Q | |
04/30/20 | 03/26/20 | 10-Q | |
02/20/20 | 12/26/19 | 10-K | |
11/01/19 | 09/26/19 | 10-Q | |
08/01/19 | 06/27/19 | 10-Q | |
05/02/19 | 03/28/19 | 10-Q | |
02/25/19 | 12/27/18 | 10-K | |
11/01/18 | 09/27/18 | 10-Q | |
08/02/18 | 06/28/18 | 10-Q | |
05/03/18 | 03/29/18 | 10-Q | |
03/05/18 | 12/28/17 | 10-K | |
11/02/17 | 09/28/17 | 10-Q | |
07/27/17 | 06/29/17 | 10-Q | |
05/25/17 | 03/30/17 | 10-Q | |
04/28/17 | 12/29/16 | 424B4 | |
02/10/17 | 09/29/16 | S-1 | |
07/27/17 | 06/30/16 | 10-Q | |
05/25/17 | 03/31/16 | 10-Q | |
02/10/17 | 12/31/15 | S-1 | |
04/28/17 | 12/25/14 | 424B4 | |
11/07/14 | 09/30/14 | S-1 | |
11/07/14 | 12/26/13 | S-1 |