Floor & Decor Holdings, Inc.

Listed Company

FNDCIK 0001507079NYSELarge AcceleratedRetail-Lumber & Other Building Materials DealersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.68B

Net Income

$208.65M

Total Assets

$5.47B

Equity

$2.41B

Shares Out

108.09M

Op. Cash Flow

$381.84M

Business

Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related products and a seller of commercial surfaces. It offers a broad in-stock assortment including laminate and vinyl, tile, wood, natural stone, installation materials, decorative accessories, adjacent bath and countertop categories, design services, and Pro-focused services. Its business serves Pro customers, homeowners (DIY and BIY), commercial surfaces customers, and includes warehouse-format stores, small-format design studios, e-commerce, and a Pro sales organization. Products are sold through company-operated stores, FloorandDecor.com, and a national distribution network serving U.S. markets.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	4,684	4,456	4,414	4,264	3,434
Cost of sales	2,640	2,528	2,556	2,537	2,011
Gross profit	2,044	1,928	1,858	1,728	1,422
Selling, general and administrative expenses	1,774	1,672	1,537	—	—
Operating income	270	256	321	397	339
Interest expense, net	3	3	10	11	—
Income before income taxes	267	253	312	386	334
Income tax expense	58	48	66	87	51
Net income	209	206	246	298	283
Change in fair value of hedge instruments, net of tax	62,000	−1	−3	4	371,000
Total comprehensive income	209	204	243	302	284
Basic earnings per share (in dollars per share)	1.94	1.92	2.31	2.82	2.71
Diluted earnings per share (in dollars per share)	1.92	1.9	2.28	2.78	2.64

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	249	188	34	10	139
Income taxes receivable	7	22	28	7	4
Receivables, net	94	101	100	95	81
Inventories, net	1,133	1,133	1,106	1,292	1,008
Prepaid expenses and other current assets	44	49	49	53	41
Total current assets	1,528	1,492	1,317	1,457	1,273
Fixed assets, net	1,856	1,787	1,630	1,258	929
Right-of-use assets	1,618	1,331	1,283	1,206	1,104
Intangible assets, net	147	150	154	152	152
Goodwill	258	258	258	255	255
Deferred income tax assets, net	19	17	14	11	10
Other assets	44	15	7	11	7
Total long-term assets	3,941	3,558	3,346	2,894	2,457
Total assets	5,469	5,050	4,663	4,351	3,731
Current portion of term loan	3	2	2	2	2
Current portion of lease liabilities	156	139	126	106	105
Trade accounts payable	684	795	679	591	662
Accrued expenses and other current liabilities	299	295	333	298	249
Deferred revenue	11	13	11	10	15
Total current liabilities	1,151	1,244	1,152	1,007	1,032
Term loan	194	195	195	195	196
Lease liabilities	1,640	1,351	1,302	1,228	1,121
Deferred income tax liabilities, net	49	68	67	42	41
Other liabilities	26	22	16	13	18
Total long-term liabilities	1,909	1,636	1,580	1,687	1,375
Total liabilities	3,061	2,880	2,732	2,694	2,407
Commitments and contingencies (Note 9)	—	—	—	—	—
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	0	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	108,000	107,000	107,000	—	—
Additional paid-in capital	578	548	513	482	450
Accumulated other comprehensive income (loss), net	22,000	−40,000	1	4	535,000
Retained earnings	1,831	1,622	1,416	1,170	872
Total stockholders equity	2,409	2,170	1,931	1,657	1,323
Total liabilities and stockholders equity	5,469	5,050	4,663	4,351	3,731

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	241	232	202	155	118
Stock-based compensation expense	30	34	27	22	21
Deferred income taxes	−21	−2	24	3	3
Loss on asset impairments and disposals, net	524,000	2	925,000	20,000	438,000
Change in fair value of contingent earn-out liabilities	−375,000	−866,000	3	3	0
Receivables, net	7	−2	1	−12	−20
Inventories, net	−484,000	−26	195	−283	−350
Trade accounts payable	−115	122	97	−85	233
Accrued expenses and other current liabilities	26	31	8	39	37
Income taxes	14	6	−18	−9	−16
Deferred revenue	−2	2	1	−4	3
Other, net	−7	−1	18	−13	−12
Net cash provided by operating activities	382	603	804	112	301
Purchases of fixed assets	−318	−447	−548	−457	−408
Acquisition, net of cash acquired	0	0	−17	−4	−64
Net cash used in investing activities	−318	−447	−565	−456	−471
Payments on term loan	−2	−2	−2	−2	−76
Borrowings on revolving line of credit	0	259	519	1,047	13
Payments on revolving line of credit	0	−259	−729	−837	−16
Payments of contingent earn-out liabilities	−806,000	−2	−5	−3	0
Proceeds from exercise of stock options	3	10	11	8	15
Proceeds from employee stock purchase plan	6	5	5	4	3
Tax payments for stock-based compensation awards	−9	−15	−13	−2	−1
Net cash used in financing activities	−2	−3	−214	214	2
Net increase in cash and cash equivalents	62	153	25	−130	−168
Buildings and equipment acquired under operating leases	440	187	201	226	286
Cash paid for interest, net of capitalized interest	9	6	10	7	6
Cash paid for income taxes, net of refunds	64	43	61	93	64
Fixed assets accrued at the end of the period	48	65	136	117	88

Filings

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