Floor & Decor Holdings, Inc. (FND) intrinsic value & 10-year financials

Floor & Decor Holdings, Inc. (FND) has a Graham intrinsic value of $63.77 per share. At $45.25 on Oct 17, 2026, the stock trades 29% below that value. Over the last 10 fiscal years revenue grew 18.1% a year to $4.7B, with an average return on invested capital of 12.0%.

Graham intrinsic value
$63.77
Share price (Oct 17, 2026)
$45.25
Price vs Graham value
29% below
Market cap
$4.9B
Revenue (FY2025)
$4.7B
Revenue growth (10-yr CAGR)
18.1%
ROIC (10-yr avg)
12.0%
Free cash flow (FY2025)
$64.1M

FND 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.7B $208.6M $1.92 $64.1M 5.8% 5.6%
FY2024 $4.5B $205.9M $1.90 $156.3M 5.7% 6.0%
FY2023 $4.4B $246.0M $2.28 $256.0M 7.3% 7.6%
FY2022 $4.3B $298.2M $2.78 -$344.1M 9.3% 10.6%
FY2021 $3.4B $283.2M $2.64 -$106.3M 9.9% 13.2%
FY2020 $2.4B $195.0M $1.84 $193.7M 8.8% 11.3%
FY2019 $2.0B $150.6M $1.44 $8.7M 7.8% 13.0%
FY2018 $1.7B $116.2M $1.11 $34.2M 7.7% 18.9%
FY2017 $1.4B $102.8M $1.03 $7.0M 8.5% 22.1%
FY2016 $1.1B $43.0M $0.49 $14.8M 6.6% 11.5%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Floor & Decor Holdings, Inc. is a consistent compounder, expanding top-line revenue at 18.1% annually over the past decade.

Floor & Decor Holdings, Inc. returns on capital have been average, hovering around 12.0% ROIC over the decade.

Over the decade, Floor & Decor Holdings, Inc. shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Floor & Decor Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $63.77 per share.

FND stock: frequently asked questions

What is the intrinsic value of Floor & Decor Holdings, Inc. (FND) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, FND's intrinsic value is about $63.77 per share.

Is FND stock undervalued?

At $45.25 (close on Oct 17, 2026), FND trades 29% below its Graham value of $63.77. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Floor & Decor Holdings, Inc. grown?

Revenue went from $1.1B in fiscal 2016 to $4.7B in fiscal 2025, a compound annual growth rate of 18.1%. Net income was $208.6M in fiscal 2025.

Does Floor & Decor Holdings, Inc. generate free cash flow?

Floor & Decor Holdings, Inc. generated $64.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 8 of the last 10 reported years.

What is FND's return on invested capital?

Average ROIC over the last 10 fiscal years was 12.0%, and average return on equity was 21.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FND data come from?

From Floor & Decor Holdings, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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