Floor & Decor Holdings, Inc.
FND Consumer Cyclical Home Improvement Retail
Floor & Decor Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 5.12% from fiscal 2024. In the quarter to June 2026, revenue grew 2.97%, EPS grew 50.9%, free cash flow grew 1,060.9% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.
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Floor & Decor Holdings, Inc. (FND) Altman Z-score
Floor & Decor Holdings, Inc.'s Altman Z-score for fiscal 2025 is 2.86, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.86 | (0.93) |
| FY2024 | 3.78 | (0.46) |
| FY2023 | 4.25 | 0.83 |
| FY2022 | 3.42 | (1.60) |
| FY2021 | 5.02 | 0.46 |
| FY2020 | 4.55 | 1.19 |
| FY2019 | 3.36 | (1.11) |
| FY2018 | 4.48 | (1.75) |
| FY2017 | 6.23 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.07 | — | 0.08 | |
| Retained earnings / total assets | 0.33 | — | 0.47 | |
| EBIT / total assets | 0.05 | — | 0.16 | |
| Market value of equity / total liabilities | 2.14 | — | 1.28 | |
| Sales / total assets | 0.86 | — | 0.86 | |
| Altman Z-score | Grey zone | 2.86 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 2.70 | ||
Z and Z″ put Floor & Decor Holdings, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HD The Home Depot, Inc. compare | 5.9× |
| LOW Lowe's Companies, Inc. compare | 3.4× |
| HVT Haverty Furniture Companies, Inc. compare | 3.1× |
| FND Floor & Decor Holdings, Inc. | 2.9× |
| LIVE Live Ventures Incorporated compare | 1.7× |
| TTSH Tile Shop Hldgs, Inc. compare | 1.6× |
| HVT.A Haverty Furniture Companies, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets