FND vs HD: Floor & Decor and Home Depot compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Home Depot is the larger company, worth $288.7B, about 62.4 times Floor & Decor.
- Home Depot grew revenue faster over the last year (+5.7% vs +3.0%).
- Home Depot keeps more of each dollar of revenue as operating profit (12.4% vs 6.4%).
- On earnings, Home Depot is the cheaper stock (20.6x vs 23.3x).
- Floor & Decor's price assumes faster free cash flow growth: about 22% a year, against 7% for Home Depot (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | FND | HD |
|---|---|---|
| Market cap | $4.6B | $288.7B |
| Share price | $45.50 | $290.74 |
| Revenue (last fiscal year) | $4.7B | $164.7B |
| Free cash flow (last fiscal year) | $64M | $12.6B |
| Revenue growth, last year | +3.0% | +5.7% |
| Revenue growth per year, last 5 fiscal years | +8.1% | +2.2% |
| Operating margin | 6.4% | 12.4% |
| Net margin | 4.9% | 8.4% |
| Return on equity | 9.3% | 85.6% |
| P/E (trailing) | 23.3x | 20.6x |
| Price / free cash flow | 72.2x | 22.8x |
| EV / EBITDA | 11.8x | 14.2x |
| FCF growth the price implies | 21.9% | 6.7% |
| Dividend yield | — | 3.2% |
| Debt / equity | 1.29x | 5.58x |
| Fundamental grade | C | C |
| Superinvestors holding it | 4 | 15 |
| Insider purchases, last 12 months | 1 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Floor & Decor
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.4B | -$106M | 9.9% |
| 2022 | $4.3B | -$344M | 9.3% |
| 2023 | $4.4B | $256M | 7.3% |
| 2024 | $4.5B | $156M | 5.7% |
| 2025 | $4.7B | $64M | 5.8% |
Home Depot
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $151.2B | $14.0B | 15.2% |
| 2023 | $157.4B | $11.5B | 15.3% |
| 2024 | $152.7B | $17.9B | 14.2% |
| 2025 | $159.5B | $16.3B | 13.5% |
| 2026 | $164.7B | $12.6B | 12.7% |
Where the revenue comes from
Floor & Decor · by segments, 2025
Retail$4.4B95%
Other$243M5%
Home Depot · by segments, 2026
Primary Segment$152.0B92%
Other$12.7B8%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open FND in InvestinglyQuestions
Which is bigger, Floor & Decor or Home Depot?
Home Depot (HD), at $288.7B against $4.6B.
Is FND or HD cheaper?
By trailing P/E, Home Depot (20.6x) is cheaper than Floor & Decor (23.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, FND or HD?
Home Depot: revenue grew +5.7% over the last year, against +3.0%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.