Latest Ratios: P/E Ratio 29.6x · EV/EBITDA 18.5x · ROE 9.1%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.1B | $6.9B | $10.9B | $12.0B | $7.5B | $14.0B | $9.9B | $5.3B | $2.7B | $4.9B | — |
| Enterprise Value | $9.5B | $10.2B | $12.4B | $13.6B | $9.2B | $15.2B | $10.8B | $6.4B | $2.9B | $5.0B | — |
| P/E Ratio → | 29.60 | 32.92 | 53.19 | 48.93 | 25.05 | 49.25 | 50.46 | 35.28 | 23.33 | 47.26 | — |
| P/S Ratio | 1.31 | 1.46 | 2.46 | 2.73 | 1.75 | 4.07 | 4.06 | 2.61 | 1.58 | 3.50 | — |
| P/B Ratio | 2.56 | 2.85 | 5.04 | 6.23 | 4.51 | 10.55 | 9.88 | 6.98 | 4.63 | 10.95 | — |
| P/FCF | 95.89 | 106.97 | 70.03 | 47.02 | — | — | 50.87 | 616.55 | 79.12 | 697.65 | — |
| P/OCF | 16.09 | 17.95 | 18.15 | 14.98 | 66.53 | 46.33 | 24.26 | 26.06 | 14.59 | 44.42 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.19 | 2.79 | 3.09 | 2.16 | 4.44 | 4.45 | 3.11 | 1.67 | 3.64 | — |
| EV / EBITDA | 18.51 | 19.89 | 25.47 | 26.04 | 16.70 | 33.35 | 35.24 | 27.31 | 15.56 | 32.71 | — |
| EV / EBIT | 34.18 | 37.30 | 48.59 | 42.39 | 23.22 | 44.97 | 50.29 | 40.00 | 21.73 | 44.87 | — |
| EV / FCF | — | 159.75 | 79.62 | 53.23 | — | — | 55.71 | 736.13 | 83.35 | 724.76 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.1% | 41.1% | 43.3% | 42.1% | 40.5% | 41.4% | 42.7% | 42.2% | 41.1% | 41.3% | 40.9% |
| Operating Margin | 5.9% | 5.9% | 5.7% | 7.3% | 9.3% | 9.9% | 8.8% | 7.8% | 7.7% | 8.5% | 6.6% |
| Net Profit Margin | 4.5% | 4.5% | 4.6% | 5.6% | 7.0% | 8.2% | 8.0% | 7.4% | 6.8% | 7.4% | 4.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.1% | 9.1% | 10.0% | 13.7% | 20.0% | 24.4% | 22.1% | 22.3% | 22.6% | 35.6% | 19.3% |
| ROA | 4.0% | 4.0% | 4.2% | 5.5% | 7.4% | 8.6% | 7.1% | 7.9% | 10.1% | 10.8% | 5.4% |
| ROIC | 4.4% | 4.4% | 5.3% | 7.0% | 9.9% | 11.2% | 8.6% | 9.4% | 14.5% | 15.3% | 10.2% |
| ROCE | 6.9% | 6.9% | 7.0% | 9.4% | 13.1% | 13.9% | 10.2% | 11.2% | 17.1% | 18.2% | 12.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.51 | 1.51 | 0.78 | 0.84 | 1.05 | 1.08 | 1.25 | 1.39 | 0.25 | 0.43 | 2.91 |
| Debt / EBITDA | 7.06 | 7.06 | 3.45 | 3.11 | 3.15 | 3.11 | 4.06 | 4.55 | 0.79 | 1.23 | 4.00 |
| Net Debt / Equity | — | 1.40 | 0.69 | 0.82 | 1.04 | 0.97 | 0.94 | 1.35 | 0.25 | 0.43 | 2.91 |
| Net Debt / EBITDA | 6.57 | 6.57 | 3.07 | 3.04 | 3.14 | 2.81 | 3.06 | 4.44 | 0.79 | 1.22 | 3.99 |
| Debt / FCF | — | 52.78 | 9.59 | 6.21 | — | — | 4.84 | 119.59 | 4.23 | 27.11 | 26.36 |
| Interest Coverage | 28.39 | 28.39 | 92.38 | 32.48 | 35.62 | 68.84 | 25.58 | 18.09 | 14.72 | 8.15 | 6.22 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.33 | 1.33 | 1.20 | 1.14 | 1.45 | 1.23 | 1.49 | 1.27 | 1.38 | 1.40 | 1.38 |
| Quick Ratio | 0.34 | 0.34 | 0.29 | 0.18 | 0.16 | 0.26 | 0.55 | 0.22 | 0.22 | 0.21 | 0.17 |
| Cash Ratio | 0.22 | 0.22 | 0.15 | 0.03 | 0.01 | 0.14 | 0.44 | 0.05 | 0.00 | 0.00 | 0.00 |
| Asset Turnover | — | 0.86 | 0.88 | 0.95 | 0.98 | 0.92 | 0.84 | 0.79 | 1.39 | 1.30 | 1.26 |
| Inventory Turnover | 2.43 | 2.43 | 2.23 | 2.31 | 1.96 | 2.00 | 2.13 | 2.03 | 2.14 | 1.90 | 2.12 |
| Days Sales Outstanding | — | 7.90 | 10.09 | 10.53 | 8.74 | 9.03 | 7.59 | 12.88 | 15.34 | 17.53 | 12.00 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 522.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.0% | 1.9% | 2.0% | 4.0% | 2.0% | 2.0% | 2.8% | 4.3% | 2.1% | — |
| FCF Yield | 1.0% | 0.9% | 1.4% | 2.1% | — | — | 2.0% | 0.2% | 1.3% | 0.1% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $108M | $108M | $108M | $107M | $107M | $106M | $105M | $105M | $100M | $97M |
Housing market cyclicality
According to current market data, FND trades at a forward P/E of 31.14, which appears to price in a significant growth recovery that may be disconnected from the reality of stagnant existing home sales and the company's recent contraction in top-line performance observed in 2026Q1.
The current valuation multiple suggests that investors are assigning a growth premium to the company's warehouse-format model, yet this multiple appears difficult to justify given the recent deceleration in comparable store sales. If the company fails to re-accelerate its unit growth, the current P/E may face downward pressure as the market re-rates the stock toward more mature, lower-multiple home improvement peers.
Based on reported financial figures, FND's ROIC has trended downward to 0.8% in 2026Q1, reflecting a significant decay in the company's ability to generate returns on its massive capital investments as the aggressive store rollout strategy encounters a more challenging macroeconomic environment for home renovation projects.
The decline in ROIC from 1.5% in 2025Q2 to current levels suggests that the marginal return on new store openings is diminishing, likely due to both higher construction costs and the impact of store cannibalization. Investors should monitor whether management can improve capital allocation efficiency or if the current expansion pace will continue to dilute overall shareholder returns.
As indicated by the company's financial statements, the cash conversion cycle has remained elevated, reaching 69 days in 2026Q1, which highlights the structural burden of maintaining high inventory levels to support the firm's 'always in-stock' promise in a period of slowing consumer demand.
The persistent DIO (Days Inventory Outstanding) of 161 days suggests that the company is carrying significant capital in the form of heavy, fragile flooring products that are sensitive to fashion shifts. This inventory intensity limits the company's operational flexibility and suggests that any further slowdown in sales could lead to increased obsolescence risks and margin-eroding markdowns.
According to recent SEC filings, FND's debt-to-EBITDA ratio has shown extreme volatility, peaking at 38.30 in 2026Q1, which indicates that the company's ability to service its debt is increasingly sensitive to fluctuations in operating performance and the timing of its capital-intensive expansion projects.
While the company has managed to maintain interest coverage, the high debt-to-EBITDA levels suggest that the balance sheet is less resilient to prolonged downturns than it appears on the surface. Investors should be wary of the company's reliance on debt to fund its growth, as any further compression in operating margins could significantly tighten the firm's financial flexibility.
The P/E ratio is frequently misapplied to FND because it fails to account for the heavy non-cash depreciation charges inherent in the company's warehouse-as-distribution-hub model, which significantly obscures the firm's true cash-generating capability and its underlying operational efficiency relative to its peers.
Analysts should instead prioritize EV/EBITDA or FCF-based metrics to better capture the impact of the company's massive capital expenditure requirements and lease-heavy cost structure. Relying solely on P/E ignores the significant 'noise' created by pre-opening expenses and depreciation, which can lead to an inaccurate assessment of the company's long-term earnings power.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying FND stock.
Floor & Decor Holdings, Inc.'s current P/E ratio is 29.6x. The historical average is 40.6x. This places it at the 22th percentile of its historical range.
Floor & Decor Holdings, Inc.'s current EV/EBITDA is 18.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.8x.
Floor & Decor Holdings, Inc.'s return on equity (ROE) is 9.1%. The historical average is 15.9%.
Based on historical data, Floor & Decor Holdings, Inc. is trading at a P/E of 29.6x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Floor & Decor Holdings, Inc. has 41.1% gross margin and 5.9% operating margin.
Floor & Decor Holdings, Inc.'s Debt/EBITDA ratio is 7.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.