Floor & Decor Holdings, Inc. (FND) stock analysis
Close on Nov 11, 2026Market cap $5.32BP/E 22.9Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed14 of 30 checks passed
Floor & Decor passes 14 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 5/6
- Growth
- 3/6
- Past performance
- 2/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 25.2% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $51.06 is below our fair value estimate of $68.24.
Return on capital over 10%
Return on invested capital was 10.3%, above the 10% that usually covers the cost of capital.
Low debt
Debt is 7.9% of shareholders' equity, under the 40% we consider low.
What to watch
Return on equity under 15%
Return on equity was 9.9% over the last twelve months and averaged 15.5% over five years; we look for 15% on both.
Revenue growing under 10% a year
Revenue grew 3.2% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -11.6% a year over the last three fiscal years.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.54; above 3 is the safe zone and below 1.8 the distress zone.
Valuation5/6
P/E below its 5-year median
Floor & Decor's P/E of 22.9 is below its own 5-year median of 36.2.
P/E above the industry
Floor & Decor's P/E of 22.9 is above the Consumer discretionary median of 19.6.
EV/EBITDA below its 5-year median
Floor & Decor's EV/EBITDA of 9.2 is below its 5-year median of 18.5.
P/B below the industry
Floor & Decor's price-to-book of 2.14 is below the Consumer discretionary median of 4.67.
Trading below fair value
The share price of $51.06 is below our fair value estimate of $68.24.
Margin of safety over 20%
The price is 25.2% below fair value, more than the 20% cushion we look for.
Growth3/6
Revenue growing under 10% a year
Revenue grew 3.2% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew -11.6% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 10.6% over the last twelve months, against a 5-year average of 1.4% a year.
Growing slower than the industry
Revenue grew 1.8% over the last twelve months; the Consumer discretionary median is 2.5%.
Guidance raised
Floor & Decor raised its fiscal 2026 Depreciation and amortization expense outlook on Jul 30, 2026.
Gross margin improving
Gross margin was 44.9% over the last twelve months, against 43.6% a year earlier.
Past performance2/6
Return on equity under 15%
Return on equity was 9.9% over the last twelve months and averaged 15.5% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 10.3%, above the 10% that usually covers the cost of capital.
Return on equity below the industry
Floor & Decor's return on equity of 9.9% is below the Consumer discretionary median of 9.9%.
Earnings grew over 5 years
Net income grew 1.4% a year on average over the last five fiscal years.
Net margin below its 5-year average
Net margin was 5.1% over the last twelve months, against a 5-year average of 6.0%.
Net margin below the industry
Floor & Decor's net margin of 5.1% is below the Consumer discretionary median of 6.2%.
Financial health4/6
Low debt
Debt is 7.9% of shareholders' equity, under the 40% we consider low.
Debt falling against equity
Debt to equity fell from 20.9% five years ago to 7.9%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 312% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.32 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.54; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Floor & Decor has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$68.24
The share price is 25% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 27.9× | 36.2× | 19.6× | $62.30 | 40% |
| EV/EBITDA | 14.2× | 18.5× | 9.8× | $77.37 | 35% |
| P/B | 5.0× | 5.3× | 4.7× | $119.24 | 10% |
| Earnings power | 12.4% cost of equity | – | – | $28.78 | 15% |
| Fair value | $68.24 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 36.2
- Consumer discretionary median 19.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $148.26M
- Value traded per 1% price move
- $58.14M
Downside
Medium risk
- Typical loss in a bad month
- 24.8%
- Volatility (annualized)
- 50%
- Sharpe ratio, 1 year
- -0.38
- Beta to the S&P 500 (5Y)
- 1.50
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.1% | +3.2% | +14.1% | +19.6% | |
| Gross profit | +6.0% | +5.8% | +14.6% | +20.7% | |
| Operating income | +5.4% | -12.0% | +4.7% | +17.8% | |
| Net income | +1.3% | -11.2% | +1.4% | +22.8% | |
| EPS, diluted | +1.1% | -11.6% | +0.9% | +20.0% | |
| Free cash flow | -59.0% | – | -19.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 19.3% | 22.1% | 9.1% | |
| Return on assets | – | 7.5% | 4.0% | |
| Current ratio | 1.38 | 1.49 | 1.33 | |
| Debt to equity | 2.54 | 0.21 | 0.08 | |
| Net debt to EBITDA | 3.48× | -0.32× | -0.10× | |
| Interest coverage | 5.4× | 25.6× | 79.2× | |
| Inventory turnover | – | 2.3× | 2.3× | |
| Capex to revenue | 7.1% | 8.8% | 6.8% | |
| Diluted shares | 88M | 106M | 108M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Floor & Decor generated $2.20B from operations and spent $2.18B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.5% | 0.89× | 2.30× | 9.1% |
| FY2024 | 4.6% | 0.92× | 2.37× | 10.0% |
| FY2023 | 5.6% | 0.98× | 2.51× | 13.7% |
| FY2022 | 7.0% | 1.06× | 2.71× | 20.0% |
| FY2021 | 8.2% | 1.04× | 2.85× | 24.4% |
| FY2020 | 8.0% | 0.93× | 2.95× | 22.1% |
| FY2019 | 7.4% | 1.15× | 2.64× | 22.3% |
| FY2018 | 6.8% | 1.49× | 2.24× | 22.6% |
| FY2017 | 7.4% | 1.46× | 3.29× | 35.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$208.65M
- Cash generatingOperating cash flow above zero$381.84M
- Return on assets improvedROA up on the prior year4.4% → 4.1%
- Earnings backed by cashOperating cash flow above net income$381.84M vs $208.65M
- Less leverageLong-term debt to assets fell3.9% → 3.5%
- Better liquidityCurrent ratio rose1.20 → 1.33
- No dilutionShare count did not rise108M → 108M
- Gross margin improvedGross margin up on the prior year43.28% → 43.64%
- More efficientAsset turnover rose0.96 → 0.93
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