Floor & Decor Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Floor & Decor Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,051	1,385	1,710	2,045	2,426	3,434	4,264	4,414	4,456	4,684
Cost of revenue	621	812	1,008	1,182	1,391	2,011	2,537	2,556	2,528	2,640
Gross profit	429	573	702	863	1,035	1,422	1,728	1,858	1,928	2,044
Selling, general and administrative								1,537	1,672	1,774
General and administrative	64	84.7	105	132	145	199	214	253	266
Operating expenses	360	455	571	704	820	1,083	1,331	1,537	1,672
Operating income	69.1	118	131	159	215	339	397	321	256	270
Interest expense	12.8	13.8	8.92	8.8	8.39	4.92	11.1	9.9	2.77	3.41
Interest income				0.3	0.6	0.3
Pre-tax income	54.5	98.6	122	150	207	334	386	312	253	267
Income tax	11.5	-4.24	6.2	-0.25	12.2	50.8	87.4	65.6	47.5	58
Net income	43	103	116	151	195	283	298	246	206	209
EBITDA	97.7	156	183	233	306	457	552	523	489	511
EPS, basic	0.52	1.13	1.20	1.51	1.90	2.71	2.82	2.31	1.92	1.94
EPS, diluted	0.49	1.03	1.11	1.44	1.84	2.64	2.78	2.28	1.90	1.92
Shares, basic (weighted)	83.4	91	96.8	99.4	103	105	106	106	107	108
Shares, diluted (weighted)	88.4	99.7	105	105	106	107	107	108	108	108

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	0.56	0.56	0.64	27	308	139	9.79	34.4	188	249
Receivables	34.5	54	67.5
Inventory	294	428	471	582	654	1,008	1,292	1,106	1,133	1,133
Other current assets	7.53	8.19	15.9	20.4	28.3	40.8	53.3	48.7	48.9	44.2
Total current assets	336	503	559	701	1,040	1,273	1,457	1,317	1,492	1,528
Property, plant and equipment	150	221	328	456	579	929	1,258	1,630	1,787	1,856
Lease right-of-use assets			0	822	916	1,104	1,206	1,283	1,331	1,618
Goodwill	227	227	227	227	227	255	255	258	258	258
Intangible assets	109	109	109	109	109	152	152	154	150	147
Other non-current assets	7.64	7.02	9.49	7.53	7.57	7.28	11	7.33	15	43.8
Total assets	831	1,068	1,234	2,324	2,880	3,731	4,351	4,663	5,050	5,469
Accounts payable	158	259	314	368	418	662	591	679	795	684
Accrued liabilities	61.5	74.5	82	103	162	249	298	333	295	299
Deferred revenue	14.5	22.5	5.24	6.68	10.1	14.5	10.1	11.3	13.2	10.7
Short-term debt	3.5	3.5	3.5	0	1.65	2.1	2.1	2.1	2.1	2.63
Total current liabilities	244	359	404	553	699	1,032	1,007	1,152	1,244	1,151
Long-term debt	337	145	142	143	207	196	406	195	195	194
Lease liabilities			0	844	941	1,121	1,228	1,302	1,351	1,640
Other non-current liabilities	0.59	0.7	2.55	2.18	7.93	17.8	12.7	15.7	22.5	26.5
Total liabilities	697	625	650	1,560	1,883	2,407	2,694	2,732	2,880	3,061
Total debt	391	189	145	143	209	198	408	197	197	196
Paid-in capital	117	323	340	370	408	450	482	513	548	578
Retained earnings	16.8	120	244	394	589	872	1,170	1,416	1,622	1,831
Other comprehensive income	0.18	-0.21	0.19	-0.19	0.16	0.54	4.34	1.42	-0.04	0.02
Shareholders' equity	134	443	584	764	997	1,323	1,657	1,931	2,170	2,409
Total equity	134	443	584	764	997	1,323	1,657	1,931	2,170	2,409
Total liabilities and equity	831	1,068	1,234	2,324	2,880	3,731	4,351	4,663	5,050	5,469
Shares outstanding								107	107	108

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	43	103	116	151	195	283	298	246	206	209
Depreciation and amortization	28.6	38.1	52	74	91.6	118	155	202	232	241
Stock-based compensation	3.23	4.96	6.51	8.71	16.1	20.5	22.2	27.2	33.7	29.5
Deferred income tax	-5.54	-0.56	-0.97	-10.6	9.61	3.04	2.53	23.7	-1.81	-20.6
Change in receivables	-10.8	-19.5	-13.5	-17.9	18.9	-19.8	-12.2	1.15	-1.97	7.42
Change in inventory	-21.1	-134	-53.6	-111	-72.1	-350	-283	195	-26.4	-0.48
Change in payables	11.1	100	54.8	55	49.4	233	-84.7	97	122	-115
Cash from operations	89.5	109	186	205	406	301	112	804	603	382
Capital expenditures	-74.6	-102	-151	-196	-212	-408	-457	-548	-447	-318
Acquisitions				0	0	-63.6	-3.81	-17.4	0	0
Cash from investing	-74.6	-102	-151	-196	-212	-471	-456	-565	-447	-318
Stock issued	0.28	192	10.5	18.8	19.3	14.7	7.59	11	10.1	3.45
Dividends paid	-225
Cash from financing	-14.7	-6.85	-34.1	17.7	87	1.57	214	-214	-3.04	-2.45
Net change in cash	0.13	0.11	0.09	26.4	281	-168	-130	24.6	153	61.6
Free cash flow	14.8	6.95	34.2	8.65	194	-106	-344	256	156	64.1
Interest paid	6.92	15.7	7.56	7.39	8.04	6.28	7.4	9.6	5.83	9.12
Income taxes paid	8.93	14.4	1.08	6.45	12.7	63.7	92.9	61	42.9	64

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 25, 2026; growth uses fiscal years. Valuation uses the share price of $47.06 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	44.9%	Gross profit / revenue.
Operating margin	6.4%	Operating income / revenue.
EBITDA margin	11.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	6.4%	Pre-tax income / revenue.
Net margin	4.9%	Net income / revenue.
FCF margin	4.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.7%	Cash from operations / revenue.
Effective tax rate	22.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	9.3%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.1%	Net income / average total assets.
Return on invested capital (ROIC)	9.8%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	6.2%	Capital expenditures / revenue.
D&A / revenue	5.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.2%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	14.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	5.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	14.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	5.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-12.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	4.7%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	4.6%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-2.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	10.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	1.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-11.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	1.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	1.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-11.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	0.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-36.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	50.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-1.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-59.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-19.9%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	11.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	13.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	19.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	8.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	13.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.33x	Current assets / current liabilities.
Quick ratio	0.25x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.25x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.08x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	3.4%	Total debt / total assets.
Liabilities / assets	56.3%	Total liabilities / total assets.
Net debt	-$125.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-0.23x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$432.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	7.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.09B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.83x	Revenue / average total assets.
Fixed asset turnover	2.52x	Revenue / average property, plant and equipment.
Inventory turnover	2.28x	Cost of revenue / average inventory.
Days inventory	160 days	365 x average inventory / cost of revenue.
Days payables	110 days	365 x average accounts payable / cost of revenue.
FCF conversion	91.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	58.1%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.15	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$43.58	Revenue / diluted weighted shares.
FCF per share	$1.96	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.67	Cash from operations / diluted weighted shares.
Book value per share	$23.35	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$19.58	Tangible book value / shares outstanding.
Cash per share	$3.00	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$5.01B	Share price x shares outstanding.
Enterprise value	$4.89B	Market cap + total debt - cash - short-term investments.
P/E	21.6x	Market cap / net income. Only when net income is positive.
P/S	1.06x	Market cap / revenue.
P/B	2.01x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.39x	Market cap / tangible book value, when positive.
P/FCF	23.7x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.92x	Market cap / cash from operations, when positive.
EV/Sales	1.04x	Enterprise value / revenue.
EV/EBIT	16.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.94x	Enterprise value / EBITDA, when both are positive.
EV/FCF	23.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.2%	Free cash flow / market cap.
Earnings yield	4.6%	Net income / market cap (the inverse of P/E).

What was Floor & Decor Holdings, Inc.'s revenue in fiscal 2025?

Floor & Decor Holdings, Inc. reported revenue of $4.68B for fiscal 2025, 5.1% higher than the year before.

Was Floor & Decor Holdings, Inc. profitable in fiscal 2025?

Yes. Net income was $208.6M, a net margin of 4.5%.

How much free cash flow did Floor & Decor Holdings, Inc. generate in fiscal 2025?

Cash from operations of $381.8M minus capital expenditures of $317.8M left free cash flow of $64.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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