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Floor & Decor Holdings
(NYSE:FND)
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Rating:64Neutral
Price Target:
$62.00
▲(15.35% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by improving fundamentals—strong revenue momentum, positive earnings, healthier leverage, and rebounding cash flow—tempered by historical cash-flow volatility and margin compression versus prior peaks. Technicals are supportive in the near term (above 20/50/100-DMAs) but still weak versus the 200-DMA, and valuation is somewhat demanding at ~26.8x earnings with no dividend yield provided. Earnings-call commentary adds modest support via upgraded EPS guidance and buybacks, but ongoing negative comps and category/macro headwinds cap upside.
Positive Factors
Strong cash generation & liquidity
Recent operating cash flow rebound and nearly $1B of unrestricted liquidity provide durable financial flexibility. Strong OCF and ABL capacity support capex, new-store rollouts, and buybacks while buffering the business through housing-cycle variability over the next several quarters.
Negative Factors
Comparable-store sales weakness
Persistent negative comps highlight ongoing softness in discretionary flooring projects and exposure to a constrained housing market. If sustained, weaker comps reduce operating leverage and slow revenue growth from new-store payback, limiting durable earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation & liquidity
Recent operating cash flow rebound and nearly $1B of unrestricted liquidity provide durable financial flexibility. Strong OCF and ABL capacity support capex, new-store rollouts, and buybacks while buffering the business through housing-cycle variability over the next several quarters.
Read all positive factors
Floor & Decor Holdings Key Performance Indicators (KPIs)
Any
Comparable Store Sales Growth
Measures the sales performance of existing stores over a specific period, indicating the company's ability to grow sales without expanding its store base. A key indicator of consumer demand and operational effectiveness.
Measures the sales performance of existing stores over a specific period, indicating the company's ability to grow sales without expanding its store base. A key indicator of consumer demand and operational effectiveness.
Data provided by:
The Fly
The FlyFloor & Decor Holdings (FND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.89B
Dividend YieldN/A
Average Volume (3M)2.39M
Price to Earnings (P/E)26.8
Beta (1Y)1.23
Revenue Growth2.42%
EPS Growth9.53%
CountryUS
Employees13,723
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)2.15
Shares Outstanding106,489,970
10 Day Avg. Volume2,113,537
30 Day Avg. Volume2,390,251
Financial Highlights & Ratios
PEG Ratio62.88
Price to Book (P/B)2.83
Price to Sales (P/S)1.45
P/FCF Ratio106.31
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$60.21Price Target Upside12.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
EPS Forecast (FY)1.91
Revenue Forecast (FY)$4.83B
Floor & Decor Holdings Business Overview & Revenue Model
Company Description
Floor & Decor Holdings, Inc. functions as a leading multi-channel business, acting as both a specialized retailer and a commercial distributor of hard surface flooring and its related accessories. The company provides a wide array of flooring opti...
How the Company Makes Money
Floor & Decor primarily makes money by selling hard-surface flooring and complementary installation and finishing products to retail and professional customers through its warehouse-format stores and online channel. Its core revenue stream is merc...
Floor & Decor Holdings Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
Overall the call conveyed cautious optimism. Management delivered stable adjusted EPS, healthy cash generation, a meaningful share repurchase, expanding store and digital initiatives, and an upgraded EPS outlook while noting sequential improvement in comps. However, comparables remain negative, laminate/vinyl faces ongoing category weakness, SG&A deleverage (largely one-time) and macro headwinds in the housing market present risks. The one-time tariff refunds provided meaningful near-term flexibility but also complicate the underlying performance picture.Positive Updates
Maintained Adjusted EPS and GAAP EPS Benefit
Adjusted diluted EPS of $0.58, unchanged year-over-year; GAAP diluted EPS of $0.89 included a $32.9 million net after-tax benefit (approximately $0.31 per share) related to IEEPA tariff refunds and statutory interest.
Negative Updates
Comparable Store Sales Decline and Demand Softness
Comparable store sales declined 2.1% in Q2 and are expected to be flat to down 4% for fiscal 2026. Large discretionary flooring projects remain soft and the housing market remains constrained with existing home sales near historically low levels (~4M annualized).
Read all updates
Q2-2026 Updates
Positive
Negative
Maintained Adjusted EPS and GAAP EPS Benefit
Adjusted diluted EPS of $0.58, unchanged year-over-year; GAAP diluted EPS of $0.89 included a $32.9 million net after-tax benefit (approximately $0.31 per share) related to IEEPA tariff refunds and statutory interest.
Read all positive updates
Company Guidance
For fiscal 2026 the company guided sales of $4,770M–$4,990M (up 1.8%–6.5% vs. FY2025) with the 53rd week contributing ~ $65M to sales; comparable store sales are expected to be flat to down 4% (comp average ticket flat to up low‑single digits; comp transactions down low‑ to mid‑single digits). Adjusted gross margin is forecast at ~43.6%–43.8% (Q1’s 44.0% noted as the year high), SG&A about 38% of sales (Q1 and Q4 most pressured by new stores, excluding the one‑time tariff item), net interest income/expense ~ $0 (including ~ $2.8M statutory interest benefit), an effective tax rate of ~23%, and depreciation & amortization of ~ $250M. Adjusted EBITDA is expected to be ~$550M–$585M (53rd week ≈ $11M); diluted EPS $2.20–$2.45 and adjusted diluted EPS $1.88–$2.13 (53rd week ≈ $0.08, implying 52‑week adjusted EPS of $1.80–$2.05); diluted weighted average shares ≈ 107M, and capex $240M–$275M.Floor & Decor Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.71B | 4.68B | 4.46B | 4.41B | 4.26B | 3.43B |
| Gross Profit | 2.00B | 1.93B | 1.93B | 1.86B | 1.73B | 1.42B |
| EBITDA | 487.88M | 510.97M | 488.65M | 523.30M | 551.78M | 457.19M |
| Net Income | 232.17M | 208.65M | 205.87M | 245.98M | 298.19M | 283.23M |
Balance Sheet | ||||||
| Total Assets | 5.71B | 5.47B | 5.05B | 4.66B | 4.35B | 3.73B |
| Cash, Cash Equivalents and Short-Term Investments | 320.61M | 249.30M | 187.67M | 34.38M | 9.79M | 139.44M |
| Total Debt | 2.01B | 3.63B | 1.69B | 1.63B | 1.74B | 1.42B |
| Total Liabilities | 3.22B | 3.06B | 2.88B | 2.73B | 2.69B | 2.41B |
| Stockholders Equity | 2.50B | 2.41B | 2.17B | 1.93B | 1.66B | 1.32B |
Cash Flow | ||||||
| Free Cash Flow | 211.40M | 64.07M | 156.33M | 255.98M | -344.15M | -106.33M |
| Operating Cash Flow | 505.01M | 381.84M | 603.15M | 803.59M | 112.45M | 301.34M |
| Investing Cash Flow | -293.61M | -317.76M | -446.83M | -564.97M | -455.64M | -471.24M |
| Financing Cash Flow | -67.66M | -2.44M | -3.04M | -214.03M | 213.54M | 1.57M |
Floor & Decor Holdings Technical Analysis
Positive
53.75
Price Trends
53.55
Positive
52.30
Positive
59.23
Negative
Market Momentum
0.15
Positive
47.38
Neutral
21.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FND, the sentiment is Positive. The current price of 53.75 is below the 20-day moving average (MA) of 55.60, above the 50-day MA of 53.55, and below the 200-day MA of 59.23, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 47.38 is Neutral, neither overbought nor oversold. The STOCH value of 21.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FND.
Floor & Decor Holdings Risk Analysis
Floor & Decor Holdings disclosed 33 risk factors in its most recent earnings report. Floor & Decor Holdings reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Floor & Decor Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $5.89B | 26.78 | 9.55% | ― | 2.42% | 9.53% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $117.79B | 17.56 | -64.84% | 2.34% | 6.24% | -2.12% | |
54 Neutral | $409.12M | 42.48 | 2.95% | 5.26% | 6.39% | -1.48% | |
54 Neutral | $1.04B | 15.91 | 16.39% | ― | 7.36% | 10.24% | |
52 Neutral | $409.12M | 42.48 | 2.95% | 4.37% | 6.39% | -1.48% | |
40 Underperform | $111.50M | -29.08 | -3.93% | ― | -2.91% | -23633.33% |
* Consumer Cyclical Sector Average
FND
Floor & Decor Holdings
57.57
-20.74
-26.48%
HVT.A
Haverty Furn Cl A SC
30.06
9.97
49.64%
HVT
Haverty
24.64
5.38
27.93%
LOW
Lowe's
207.81
-14.03
-6.33%
TTSH
Tile Shop
2.94
-3.38
-53.48%
ARHS
Arhaus
7.41
-0.86
-10.42%
Floor & Decor Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Floor & Decor Strengthens Liquidity with New Credit Facilities
Positive
Jun 25, 2026
On June 24, 2026, Floor and Decor Outlets of America refinanced its senior secured term loan with a new $200 million facility maturing June 24, 2033, led by Goldman Sachs Bank USA as administrative and collateral agent. The new term loan, secured ...
Executive/Board ChangesShareholder Meetings
Floor & Decor Shareholders Approve Directors and Incentive Plan
Positive
May 7, 2026
On May 6, 2026, Floor Decor Holdings held its virtual annual meeting of stockholders, where shareholders elected eleven directors to one-year terms expiring at the 2027 annual meeting, reflecting broad support for the company’s current boar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.