Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4
American Home Improvement Store
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States (a suburb of Atlanta).3 Its shares trade on NYSE under the symbol FND.1Wikipedia text CC BY-SA 4.0
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States (a suburb of Atlanta).3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue101112139$4.7B in 2025+129% since 2019Gross profit101112139$2.0B in 2025+137% since 2019Operating income101112139$270.1M in 2025+70% since 2019Net income101112139$208.6M in 2025+39% since 2019
Revenue1415$1.3B in Q2 FY2026+9% since Q1 FY2026Gross profit1415$603.1M in Q2 FY2026+19% since Q1 FY2026Operating income1415$124.0M in Q2 FY2026+137% since Q1 FY2026Net income1415$95.9M in Q2 FY2026+141% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net sales
$4.7B
$4.5B
$4.4B
Cost of sales
$2.6B
$2.5B
$2.6B
Gross profit
$2.0B
$1.9B
$1.9B
Selling, general and administrative expenses
$1.8B
$1.7B
$1.5B
Operating income
$270.1M
$256.2M
$321.4M
Interest expense, net
$3.4M
$2.8M
$9.9M
Income before income taxes
$266.7M
$253.4M
$311.5M
Income tax expense
$58.0M
$47.5M
$65.6M
Net income
$208.6M
$205.9M
$246.0M
Change in fair value of hedge instruments, net of tax
$62.0K
-$1.5M
-$2.9M
Total comprehensive income
$208.7M
$204.4M
$243.1M
Basic earnings per share (in dollars per share)
$1.94
$1.92
$2.31
Diluted earnings per share (in dollars per share)
$1.92
$1.90
$2.28
No quarter-by-quarter statement was filed.
Total assets16101112139$5.5B in 2025+135% since 2019Total liabilities16101112139$3.1B in 2025+96% since 2019Shareholders’ equity1112139$2.4B in 2025+215% since 2019Cash1112139$249.3M in 2025+822% since 2019Long-term debt16101112139$193.6M in 2025+36% since 2019
Total assets1415$5.7B in Q2 FY2026+4% since Q1 FY2025Total liabilities1415$3.2B in Q2 FY2026+5% since Q1 FY2025Shareholders’ equity1415$2.5B in Q2 FY2026+4% since Q1 FY2025Cash1415$320.6M in Q2 FY2026+29% since Q1 FY2025Long-term debt1415$193.8M in Q2 FY2026+0% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$249.3M
$187.7M
$34.4M
$9.8M
Income taxes receivable
$7.3M
$21.7M
Receivables, net
$94.1M
$101.5M
Inventories, net
$1.1B
$1.1B
Prepaid expenses and other current assets
$44.2M
$48.9M
Total current assets
$1.5B
$1.5B
Fixed assets, net
$1.9B
$1.8B
Right-of-use assets
$1.6B
$1.3B
Intangible assets, net
$146.5M
$150.2M
Goodwill
$257.9M
$257.9M
Deferred income tax assets, net
$19.3M
$17.1M
Other assets
$43.8M
$15.0M
Total long-term assets
$3.9B
$3.6B
Total assets
$5.5B
$5.1B
Current portion of term loan
$2.6M
$2.1M
Current portion of lease liabilities
$155.7M
$138.6M
Trade accounts payable
$683.7M
$794.9M
Accrued expenses and other current liabilities
$298.7M
$295.4M
Deferred revenue
$10.7M
$13.2M
Total current liabilities
$1.2B
$1.2B
Term loan
$193.6M
$194.5M
Lease liabilities
$1.6B
$1.4B
Deferred income tax liabilities, net
$49.5M
$67.8M
Other liabilities
$26.5M
$22.5M
Total long-term liabilities
$1.9B
$1.6B
Total liabilities
$3.1B
$2.9B
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 25, 2025 and December 26, 2024
$0
$0
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 107,774,329 shares issued and outstanding at December 25, 2025 and 107,356,999 issued and outstanding at December 26, 2024
$108.0K
$107.0K
Additional paid-in capital
$577.8M
$547.8M
Accumulated other comprehensive income (loss), net
$22.0K
-$40.0K
Retained earnings
$1.8B
$1.6B
Total stockholders equity
$2.4B
$2.2B
$1.9B
$1.7B
Total liabilities and stockholders equity
$5.5B
$5.1B
Preferred stock, par value (in dollars per share)
$0.00
$0.00
Preferred stock, shares authorized (in shares)
10.0M shares
10.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, shares authorized (in shares)
450.0M shares
450.0M shares
Common stock, shares issued (in shares)
107.8M shares
107.4M shares
Common stock, shares, outstanding (in shares)
107.8M shares
107.4M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$249.3M
$187.7M
$34.4M
$9.8M
Income taxes receivable
$7.3M
$21.7M
Receivables, net
$94.1M
$101.5M
Inventories, net
$1.1B
$1.1B
Prepaid expenses and other current assets
$44.2M
$48.9M
Total current assets
$1.5B
$1.5B
Fixed assets, net
$1.9B
$1.8B
Right-of-use assets
$1.6B
$1.3B
Intangible assets, net
$146.5M
$150.2M
Goodwill
$257.9M
$257.9M
Deferred income tax assets, net
$19.3M
$17.1M
Other assets
$43.8M
$15.0M
Total long-term assets
$3.9B
$3.6B
Total assets
$5.5B
$5.1B
Current portion of term loan
$2.6M
$2.1M
Current portion of lease liabilities
$155.7M
$138.6M
Trade accounts payable
$683.7M
$794.9M
Accrued expenses and other current liabilities
$298.7M
$295.4M
Deferred revenue
$10.7M
$13.2M
Total current liabilities
$1.2B
$1.2B
Term loan
$193.6M
$194.5M
Lease liabilities
$1.6B
$1.4B
Deferred income tax liabilities, net
$49.5M
$67.8M
Other liabilities
$26.5M
$22.5M
Total long-term liabilities
$1.9B
$1.6B
Total liabilities
$3.1B
$2.9B
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 25, 2025 and December 26, 2024
$0
$0
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 107,774,329 shares issued and outstanding at December 25, 2025 and 107,356,999 issued and outstanding at December 26, 2024
$108.0K
$107.0K
Additional paid-in capital
$577.8M
$547.8M
Accumulated other comprehensive income (loss), net
$22.0K
-$40.0K
Retained earnings
$1.8B
$1.6B
Total stockholders equity
$2.4B
$2.2B
$1.9B
$1.7B
Total liabilities and stockholders equity
$5.5B
$5.1B
Preferred stock, par value (in dollars per share)
$0.00
$0.00
Preferred stock, shares authorized (in shares)
10.0M shares
10.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, shares authorized (in shares)
450.0M shares
450.0M shares
Common stock, shares issued (in shares)
107.8M shares
107.4M shares
Common stock, shares, outstanding (in shares)
107.8M shares
107.4M shares
Cash from operations101112139$381.8M in 2025+87% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$208.6M
$205.9M
$246.0M
Depreciation and amortization
$241.2M
$232.5M
$201.9M
Stock-based compensation expense
$29.5M
$33.7M
$27.2M
Deferred income taxes
-$20.6M
-$1.8M
$23.7M
Loss on asset impairments and disposals, net
$524.0K
$2.1M
$925.0K
Change in fair value of contingent earn-out liabilities
-$375.0K
-$866.0K
$2.6M
Receivables, net
$7.4M
-$2.0M
$1.2M
Inventories, net
-$484.0K
-$26.4M
$194.9M
Trade accounts payable
-$115.0M
$122.3M
$97.0M
Accrued expenses and other current liabilities
$26.0M
$31.5M
$7.5M
Income taxes
$14.1M
$5.7M
-$18.4M
Deferred revenue
-$2.5M
$1.9M
$1.2M
Other, net
-$6.6M
-$1.3M
$17.9M
Net cash provided by operating activities
$381.8M
$603.2M
$803.6M
Purchases of fixed assets
-$317.8M
-$446.8M
-$547.6M
Acquisition, net of cash acquired
$0
$0
-$17.4M
Net cash used in investing activities
-$317.8M
-$446.8M
-$565.0M
Payments on term loan
-$2.1M
-$2.1M
-$2.1M
Borrowings on revolving line of credit
$0
$258.6M
$518.9M
Payments on revolving line of credit
$0
-$258.6M
-$729.1M
Payments of contingent earn-out liabilities
-$806.0K
-$2.0M
-$5.2M
Proceeds from exercise of stock options
$3.5M
$10.1M
$11.0M
Proceeds from employee stock purchase plan
$6.0M
$5.5M
$5.2M
Tax payments for stock-based compensation awards
-$9.0M
-$14.5M
-$12.6M
Net cash used in financing activities
-$2.4M
-$3.0M
-$214.0M
Net increase in cash and cash equivalents
$61.6M
$153.3M
$24.6M
Buildings and equipment acquired under operating leases
$439.7M
$186.9M
$201.5M
Cash paid for interest, net of capitalized interest
Floor & Decor sits at the top of its group. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Floor & Decor
Capital World InvestorsFiled SCHEDULE 13G/A on Floor & Decor, latest Aug 12, 2026 (7 filings since Feb 11, 2022)
FMR LLCFiled SCHEDULE 13G/A on Floor & Decor, latest May 7, 2026 (5 filings since Feb 9, 2022)
FD Sales Company LLC Subsidiary · Delaware, United States
FDO Acquisition Corp. Subsidiary · Delaware, United States
Floor and Decor Outlets of America, Inc. Subsidiary · Delaware, United States
Floor and Decor Services, LLC Subsidiary · Delaware, United States
Great Northern Associates, LLC Subsidiary · Delaware, United States
Salesmaster Associates, LLC Subsidiary · Delaware, United States
Spartan Surfaces, LLC Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Floor & Decor reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
As of December 25, 2025, we operated 270 warehouse-format stores located in 39 states as shown in the table below:
State · Number ofStores · State · Number ofStores
The rest of Item 2
Alabama · 4 · Nebraska · 1
Arizona · 9 · Nevada · 4
California · 30 · New Hampshire · 1
Colorado · 8 · New Jersey · 12
Connecticut · 3 · New Mexico · 1
Florida · 36 · New York · 11
Georgia · 13 · North Carolina · 7
Idaho · 1 · Ohio · 7
Illinois · 11 · Oklahoma · 2
Indiana · 2 · Oregon · 3
Iowa · 1 · Pennsylvania · 4
Kansas · 2 · Rhode Island · 1
Kentucky · 2 · South Carolina · 5
Louisiana · 5 · Tennessee · 6
Maine · 1 · Texas · 33
Maryland · 6 · Utah · 3
Massachusetts · 7 · Virginia · 9
Michigan · 4 · Washington · 7
Minnesota · 3 · Wisconsin · 2
Missouri · 3 · Total · 270
The following table presents the percentage of our owned versus leased facilities in operation at the end of fiscal 2025 and their total square footage:
square footage in thousands · Owned · Leased · Total Square Footage
Stores · 7 · 93 · 20,473
Distribution centers · 17 · 83 · 7,008
Offices and other · — · 100 · 510
Total · 27,991
Stores include our 270 warehouse-format stores and five small-format design studios. Distribution centers include our five distribution centers located in or near Houston, Savannah, Los Angeles, Baltimore, and Seattle and our transload facility near Los Angeles. Offices and other include our headquarters, which we refer to as our store support center, our product review center, and our sample fulfillment center, all located in Atlanta, and other administrative, sales, and warehousing facilities supporting our Spartan subsidiary. The property tables above exclude locations where we have taken possession of the premises but are not yet operating. See Note 9, “Commitments and Contingencies” of the notes to our consolidated financial statements included in this Annual Report for additional details related to our leases.
The company was founded as FDO Holdings in 2000 by George West, whose family ran West Building Materials. The company changed its name to Floor & Decor Holdings, Inc. in April 2017.
The company doubled in size in the five years between 2011 and 2016, and revenues went from $277 million in 2011 to more than $772 million in 2016. The company had a net income of over $26 million in 2016. Floor & Decor was profitable for the five year period before its initial public offering (IPO).
In 2017, the company had its initial public offering with a 53% gain and ended up having the largest IPO increase of the year.
In February 2018, Floor & Decor opened a new 1.4 million-square-foot distribution center on a 90-acre site in Bloomingdale, Georgia, just 11 miles from the Port of Savannah.
In September 2018, Bisnow reported that Floor & Decor was expected to begin a $160 million expansion of the company that would include 17 new store locations, a possible new headquarters in Atlanta, and nearly $30M in improving its e-commerce and technology infrastructure.
In December 2023, Floor & Decor opened a new store in the New York City Metropolitan Area.
The company’s stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. The company serves professional installers, commercial businesses, and do-it-yourself customers. As of December 2021, the company operated 160 warehouse-format stores, and two small-format standalone design centers in 33 states. Floor & Decor also sells products through its online retail platform. During the first six months of 2018, the company opened five new warehouse-format stores.
Floor & Decor Holdings is listed on the New York Stock Exchange and is a constituent of the Russell 1000 index.
Feb 20, 2025Reported quarterly or annual results58
Oct 30, 2024Reported quarterly or annual results61
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
356 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 208 insider forms, 36 large holders, 52 other. The latest 20:
46 open-market trades by officers, directors and large owners since October 2021: 6 buys and 40 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Year
Executive
Age
Salary
Total pay
2025
Thomas V. Taylor –Executive Chair, former Chief Executive Officer
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Floor & Decor names in Item 1A of its 10-K filed Feb 19, 2026: 33 risks under these headings, as written.17
Risks Related to Our Business and Industry
Persistent macroeconomic headwinds, including high interest rates and weak home sales, may continue to depress demand for our products.
If we fail to successfully manage our new store growth or encounter higher-than-expected costs, our expansion plans and future profitability could suffer.
We may continue to have negative comparable store sales or future comparable store growth lower than we expect, which has had and may continue to have a negative impact on our net sales, business, financial condition, and operating results.
If we are unable to enter into leases or acquire properties for additional stores on acceptable terms or renew or replace our current store leases, or if one or more of our current leases is terminated prior to expiration of its stated term and we cannot find suitable alternate locations, our growth and profitability could be adversely affected.
Our business largely depends on a strong brand image and awareness, and if we are unable to maintain and enhance our brand image and awareness, particularly in new markets where we have limited brand recognition, we may be unable to increase or maintain our level of sales.
Any failure by us to successfully anticipate trends may lead to loss of consumer acceptance of our products, resulting in reduced net sales.
Increased competition could cause price declines, decrease demand for our products, and decrease our market share.
Adverse changes in global trade policies, tariffs, or import enforcement actions could increase our costs or disrupt our supply chain.
Our operating results may be adversely affected if we do not successfully manage our inventory.
Disruptions in our distribution network or supply chain could impair our ability to deliver products to stores and customers on time.
Our operating results may be adversely affected by increases in wholesale prices of products, materials and transportation costs beyond our control, including increases in costs due to inflation.
The other 22 risks
Our success depends on the continued service of key personnel, and we are undergoing a significant leadership transition.
Our success depends upon our ability to attract, hire, train, and retain highly qualified managers and staff.
Labor activities could cause labor relations difficulties for us.
We procure the majority of our products from suppliers located outside of the United States, and as a result, we are subject to risks associated with obtaining products from abroad that have previously and could adversely affect our business, financial condition, and results of operations.
We depend on a number of suppliers, and any failure by any of them to supply us with quality products on attractive terms and prices may adversely affect our business, financial condition, and operating results.
The failure of our suppliers to adhere to the quality standards that we set for our products could lead to investigations, litigation, write-offs, recalls, or boycotts of our products, which could damage our reputation and our brand, increase our costs, and otherwise adversely affect our business.
Our ability to offer compelling products to our customers depends on the continued availability of sufficient suitable natural products.
The effects of weather conditions, natural disasters, or other unexpected events, including public health crises, may disrupt our operations and have a negative impact on our business.
Our business exposes us to personal injury, product liability and warranty claims and related governmental investigations, which could result in negative publicity, harm our brand and adversely affect our business, financial condition, and operating results.
Federal, state, or local laws and regulations, or our failure to comply with such laws and regulations, could increase our expenses, restrict our ability to conduct our business and expose us to legal risks.
If our efforts to protect the privacy and security of information related to our customers, us, our associates, our suppliers and other third parties are not successful, we could become subject to litigation, investigations, liability and negative publicity that could significantly harm our reputation and relationships with our customers and adversely affect our business, financial condition, and operating results.
A disruption in our information systems, including our website, could adversely affect our business or operating results and lead to reduced net sales and reputational damage.
We will require significant capital to fund our expanding business and service our existing indebtedness, and such capital may not be available to us on satisfactory terms or at all. If we are unable to maintain sufficient levels of cash flow or if we are unable to meet our debt service obligations under our credit facilities, we may not meet our growth expectations or we may require additional financing, which could adversely affect our financial health and impose covenants that limit our business activities.
Changes in tax laws, trade policies, or regulations and newly enacted tax laws, trade policies, or regulations may impact our effective tax rate or may adversely affect our business, financial condition, and operating results.
We are subject to payments-related risks that could increase our operating costs, expose us to fraud, subject us to potential liability and potentially disrupt our business.
Any failure to protect our intellectual property rights could reduce the value of our products and brand and harm our business, and we may be involved in disputes relating to our intellectual property and the intellectual property of third parties.
We may consider or engage in strategic transactions. Any such strategic transactions would involve risks, which could have an adverse impact on our financial condition and results of operation, and we may not realize the anticipated benefits of these transactions.
We face risks related to our indebtedness.
Risks Related to the Ownership of Our Common Stock
We do not currently expect to pay any cash dividends.
Certain provisions in our organizational documents and Delaware law could impair a takeover attempt and adversely affect existing stockholders and the market value of our common stock.
General Risk Factors
We are engaged from time to time in various legal actions, claims and proceedings, and while we cannot predict the outcomes of such proceedings and other contingencies with certainty, some of these outcomes and any potential future proceedings could have an adverse impact on us.
We are subject to risks related to corporate social responsibility.
Legal proceedings
We are engaged in various legal actions, claims and proceedings arising in the ordinary course of business, including claims related to breach of contracts, personal injury, product liabilities, intellectual property matters, and employment-related matters resulting from our business activities. As with most actions such as these, an estimation of any possible and/or ultimate liability cannot always be determined. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors. See the information disclosed under “Litigation” in Note 9, “Commitments and Contingencies” of the notes to our consolidated financial statements included in this Annual Report for further detail on legal proceedings.
