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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Floor & Decor Holdings, Inc. (FND). Click either name above to swap in a different company.
Floor & Decor Holdings, Inc. is the larger business by last-quarter revenue ($1.1B vs $671.0M, roughly 1.7× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 3.5%, a 55.9% gap on every dollar of revenue. On growth, Floor & Decor Holdings, Inc. posted the faster year-over-year revenue change (2.0% vs -11.5%). Over the past eight quarters, Floor & Decor Holdings, Inc.'s revenue compounded faster (-0.2% CAGR vs -6.4%).
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States.
ARE vs FND — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $1.1B |
| Net Profit | $398.4M | $39.3M |
| Gross Margin | — | 43.5% |
| Operating Margin | — | 4.6% |
| Net Margin | 59.4% | 3.5% |
| Revenue YoY | -11.5% | 2.0% |
| Net Profit YoY | 740.6% | -17.2% |
| EPS (diluted) | $2.10 | $0.36 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $671.0M | $1.1B | ||
| Q4 25 | $754.4M | $1.1B | ||
| Q3 25 | $751.9M | $1.2B | ||
| Q2 25 | $762.0M | $1.2B | ||
| Q1 25 | $758.2M | $1.2B | ||
| Q4 24 | $788.9M | $1.1B | ||
| Q3 24 | $791.6M | $1.1B | ||
| Q2 24 | $766.7M | $1.1B |
| Q1 26 | $398.4M | $39.3M | ||
| Q4 25 | $-1.1B | $39.3M | ||
| Q3 25 | $-232.8M | $57.3M | ||
| Q2 25 | $-107.0M | $63.2M | ||
| Q1 25 | $-8.9M | $48.9M | ||
| Q4 24 | $-62.2M | $47.5M | ||
| Q3 24 | $167.9M | $51.7M | ||
| Q2 24 | $46.7M | $56.7M |
| Q1 26 | — | 43.5% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 43.5% | ||
| Q2 24 | — | 43.3% |
| Q1 26 | — | 4.6% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 6.3% |
| Q1 26 | 59.4% | 3.5% | ||
| Q4 25 | -143.3% | 3.5% | ||
| Q3 25 | -31.0% | 4.9% | ||
| Q2 25 | -14.0% | 5.2% | ||
| Q1 25 | -1.2% | 4.2% | ||
| Q4 24 | -7.9% | 4.3% | ||
| Q3 24 | 21.2% | 4.6% | ||
| Q2 24 | 6.1% | 5.0% |
| Q1 26 | $2.10 | $0.36 | ||
| Q4 25 | $-6.35 | $0.36 | ||
| Q3 25 | $-1.38 | $0.53 | ||
| Q2 25 | $-0.64 | $0.58 | ||
| Q1 25 | $-0.07 | $0.45 | ||
| Q4 24 | $-0.38 | $0.44 | ||
| Q3 24 | $0.96 | $0.48 | ||
| Q2 24 | $0.25 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $418.7M | $249.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.4B | $2.4B |
| Total Assets | $34.2B | $5.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | $249.3M | ||
| Q4 25 | $549.1M | — | ||
| Q3 25 | $579.5M | — | ||
| Q2 25 | $520.5M | — | ||
| Q1 25 | $476.4M | — | ||
| Q4 24 | $552.1M | — | ||
| Q3 24 | $562.6M | — | ||
| Q2 24 | $561.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
| Q1 26 | $19.4B | $2.4B | ||
| Q4 25 | $15.5B | $2.4B | ||
| Q3 25 | $16.6B | $2.4B | ||
| Q2 25 | $17.2B | $2.3B | ||
| Q1 25 | $17.5B | $2.2B | ||
| Q4 24 | $17.9B | $2.2B | ||
| Q3 24 | $18.2B | $2.1B | ||
| Q2 24 | $18.3B | $2.0B |
| Q1 26 | $34.2B | $5.5B | ||
| Q4 25 | $34.1B | $5.5B | ||
| Q3 25 | $37.4B | $5.5B | ||
| Q2 25 | $37.6B | $5.4B | ||
| Q1 25 | $37.6B | $5.4B | ||
| Q4 24 | $37.5B | $5.1B | ||
| Q3 24 | $38.5B | $4.9B | ||
| Q2 24 | $37.8B | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.68× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $475.0M | $381.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 76.0% | — |
| Cash ConversionOCF / Net Profit | 1.19× | 9.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | $381.8M | ||
| Q4 25 | $312.4M | $124.1M | ||
| Q3 25 | $433.5M | $102.5M | ||
| Q2 25 | $460.2M | $84.1M | ||
| Q1 25 | $207.9M | $71.2M | ||
| Q4 24 | $274.2M | $101.4M | ||
| Q3 24 | $477.4M | $160.3M | ||
| Q2 24 | $411.8M | $194.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $45.1M | ||
| Q3 25 | — | $24.5M | ||
| Q2 25 | — | $-10.0M | ||
| Q1 25 | — | $4.4M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $36.5M | ||
| Q2 24 | — | $80.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 7.1% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 10.1% |
| Q1 26 | 1.19× | 9.71× | ||
| Q4 25 | — | 3.15× | ||
| Q3 25 | — | 1.79× | ||
| Q2 25 | — | 1.33× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | 2.84× | 3.10× | ||
| Q2 24 | 8.82× | 3.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
FND
Segment breakdown not available.
