FNDNYSERetail-Lumber & Other Building Materials DealersUS GAAP · USD

Floor & Decor Holdings, Inc.

Floor & Decor Holdings, Inc. is a U.S. specialty retailer focused on hard surface flooring and related installation materials, serving both homeowners and trade professionals. The company operates warehouse-format stores and design studios, combining a broad in-stock assortment with direct sourcing and omnichannel tools to support flooring projects from inspiration to purchase.

Kysy yhtiöstä
Liikevaihto4 684milj. USD
+5,1 %v/v
Liikevoitto (EBIT)270milj. USD
+5,4 %v/v
EBIT-marginaali5,8%
+0,0 %-yks.v/v
Nettotulos209milj. USD
+1,3 %v/v
Vapaa kassavirta382milj. USD
−36,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

01 0002 0003 0004 0005 000milj. USD2020: 2 426 milj. USD2020: EBIT 215 milj. USD20202021: 3 434 milj. USD2021: EBIT 339 milj. USD20212022: 4 264 milj. USD2022: EBIT 397 milj. USD20222023: 4 414 milj. USD2023: EBIT 321 milj. USD20232024: 4 456 milj. USD2024: EBIT 256 milj. USD20242025: 4 684 milj. USD2025: EBIT 270 milj. USD20254 684270
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Floor & Decor Holdings, Inc.

Liiketoiminta

Osuus liikevaihdosta
Hard surface flooring70 %

Core flooring products including laminate, vinyl, tile, wood, and stone.

Installation materials and tools15 %

Underlayment, adhesives, grout, trims, and related project supplies.

Decorative accessories and adjacent categories8 %

Moldings, transitions, and other finishing products sold alongside flooring.

Commercial surfaces4 %

Products and solutions sold to commercial customers and projects.

Services and omnichannel support3 %

Design services, Pro support, pickup, delivery, and digital tools.

Tuotteet

Raportoitu · osuus liikevaihdosta
24,6%22,7%20,4%16,4%8,7%FY2025100 %
  • Laminate and Vinyl24,6 %
  • Tile22,7 %
  • Installation Materials and Tools20,4 %
  • Decorative Accessories and Wall Tile16,4 %
  • Wood7,1 %
  • Muut8,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells to two main customer groups: professional installers and commercial buyers, and homeowners who shop either DIY or buy-it-yourself for professional installation. Pro customers are important because they buy repeatedly, often in larger ticket sizes, and value inventory depth, credit, storage, and dedicated sales support. Homeowners use the stores and website to research projects, compare products, and complete renovation purchases with immediate availability.

Pro customers

Professional installers and trade buyers purchase in volume and return frequently for flooring, tools, and installation materials.

Homeowners - DIY

Homeowners buying materials to install themselves use the stores and website for inspiration, pricing, and product availability.

Homeowners - BIY

Homeowners buy products for professional installation and want broad selection, fast pickup, and project support.

Commercial businesses

Commercial buyers source surfaces and related products for renovation and construction projects.

Strategia

The company is expanding its store base while preserving its warehouse-format model, which relies on deep in-stock inventory and immediate product availability. It is also investing in distribution, technology, and e-commerce to strengthen the connected-customer experience and support both Pro and homeowner demand. Direct sourcing, localized merchandising, and low advertising intensity are central to its value proposition and cost structure.

Store expansionLyhyt aikaväli

New warehouse-format stores extend the brand and increase access to local flooring demand.

Connected customer experienceKeskipitkä aikaväli

Digital tools help customers research, plan, and buy across store and online channels.

Supply chain and sourcing efficiencyKeskipitkä aikaväli

Direct sourcing supports lower prices, faster market response, and better product control.

Maantiede

Floor & Decor is primarily a U.S. business, with 270 warehouse-format stores and five design studios across 39 states as of fiscal 2025. Its growth model depends on opening new stores, adding distribution capacity, and tailoring assortments locally, so geographic expansion is a key operating lever. The company also faces U.S.-centric exposure to housing demand, interest rates, tariffs, and regional construction activity.

Riskit

Demand is tied to housing turnover, renovation activity, and consumer confidence, so high interest rates and weak home sales can pressure traffic and basket size. The company also depends on third-party technology, cloud services, and a complex global supply chain, which creates cyber, operational, and tariff-related exposure. Inventory valuation, shrink, and vendor rebate estimates can also move reported margins and operating income.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Macroeconomic housing slowdown1Cybersecurity and third-party IT dependence2Tariffs and trade policy3Inventory shrink and valuation4Supplier concentration5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Macroeconomic housing slowdownVaikutus: KorkeaTodennäköisyys: Korkea

    Flooring purchases are linked to home sales, remodeling, and discretionary spending.

    Kohdistuu: U.S. renovation and housing markets

  2. Cybersecurity and third-party IT dependenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Outsourced and cloud-based systems could be disrupted or breached, affecting sales and operations.

    KohdistuuStore systemsE-commerceCustomerSupplier data
  3. Tariffs and trade policyVaikutus: KeskitasoTodennäköisyys: Korkea

    Imported merchandise and alternative sourcing can raise costs and pressure margins.

    KohdistuuInventory costCost of salesRetail pricing
  4. Inventory shrink and valuationVaikutus: KeskitasoTodennäköisyys: Korkea

    Reserve estimates depend on sales trends, salability, and shrink experience.

    Kohdistuu: Gross margin and operating income

  5. Supplier concentrationVaikutus: KeskitasoTodennäköisyys: Matala

    A large supplier accounted for 10% of net sales in fiscal 2025, creating sourcing dependence.

    Kohdistuu: Product availability and procurement terms

Kysy Clarifolta: Floor & Decor Holdings, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Sales are recognized when control transfers, including some deferred cases for merchandise not ready at sale.

Vaikutus: Can shift revenue between periods for store, pickup, and delivery orders

Inventory valuation and shrink reserves

Management estimates reserves for shrink, aged inventory, special orders, and net realizable value.

Vaikutus: A 10% reserve change would have affected operating income by about $1.8 million in fiscal 2025

Vendor rebates and allowances

Rebates and promotional allowances are estimated and recorded against inventory or expenses.

Vaikutus: Affects gross margin and promotional expense timing

Lease accounting

Warehouse stores, studios, and distribution centers are lease-intensive operating assets.

Vaikutus: Influences fixed occupancy costs and balance sheet lease liabilities

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Tile Shop Holdings, Inc.

TTSH · Retail-Home Furniture, Furnishings & Equipment Stores

The Home Depot, Inc

HD · Retail-Lumber & Other Building Materials Dealers

RH

RH · Retail-Furniture Stores

Fortune Brands Innovations, Inc.

FBIN · Millwood, Veneer, Plywood, & Structural Wood Members

Lowe's Companies, Inc

LOW · Retail-Lumber & Other Building Materials Dealers

Brand House Collective, Inc.

TBHC · Retail-Retail Stores, NEC

Päivitetty: 24.9.2026