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Side-by-side financial comparison of Floor & Decor Holdings, Inc. (FND) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Floor & Decor Holdings, Inc. is the larger business by last-quarter revenue ($1.2B vs $631.2M, roughly 1.8× FORWARD AIR CORP). Floor & Decor Holdings, Inc. runs the higher net margin — 3.4% vs -4.5%, a 7.9% gap on every dollar of revenue. On growth, FORWARD AIR CORP posted the faster year-over-year revenue change (-0.3% vs -0.7%). Over the past eight quarters, FORWARD AIR CORP's revenue compounded faster (7.9% CAGR vs 0.8%).
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.
Forward Air Corp is a leading North American asset-light logistics and transportation provider. It offers core services including expedited less-than-truckload freight delivery, final-mile logistics, intermodal transport, warehousing, and supply chain solutions, serving key sectors such as e-commerce, retail, manufacturing, and automotive across the U.S., Canada, and Mexico.
FND vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $631.2M |
| Net Profit | $39.7M | $-28.3M |
| Gross Margin | 44.0% | — |
| Operating Margin | 4.5% | -0.5% |
| Net Margin | 3.4% | -4.5% |
| Revenue YoY | -0.7% | -0.3% |
| Net Profit YoY | -18.8% | 22.2% |
| EPS (diluted) | $0.37 | $-0.90 |
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 | $1.2B | — | ||
| Q4 25 | $1.1B | $631.2M | ||
| Q3 25 | $1.2B | $631.8M | ||
| Q2 25 | $1.2B | $618.8M | ||
| Q1 25 | $1.2B | $613.3M | ||
| Q4 24 | $1.1B | $632.8M | ||
| Q3 24 | $1.1B | $655.9M | ||
| Q2 24 | $1.1B | $643.7M |
| Q1 26 | $39.7M | — | ||
| Q4 25 | $39.3M | $-28.3M | ||
| Q3 25 | $57.3M | $-16.3M | ||
| Q2 25 | $63.2M | $-12.6M | ||
| Q1 25 | $48.9M | $-50.6M | ||
| Q4 24 | $47.5M | $-36.4M | ||
| Q3 24 | $51.7M | $-73.4M | ||
| Q2 24 | $56.7M | $-645.4M |
| Q1 26 | 44.0% | — | ||
| 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 | 4.5% | — | ||
| Q4 25 | 4.6% | -0.5% | ||
| Q3 25 | 6.1% | 2.4% | ||
| Q2 25 | 6.7% | 3.2% | ||
| Q1 25 | 5.5% | 0.8% | ||
| Q4 24 | 5.3% | 12.0% | ||
| Q3 24 | 5.9% | 3.5% | ||
| Q2 24 | 6.3% | -170.2% |
| Q1 26 | 3.4% | — | ||
| Q4 25 | 3.5% | -4.5% | ||
| Q3 25 | 4.9% | -2.6% | ||
| Q2 25 | 5.2% | -2.0% | ||
| Q1 25 | 4.2% | -8.3% | ||
| Q4 24 | 4.3% | -5.8% | ||
| Q3 24 | 4.6% | -11.2% | ||
| Q2 24 | 5.0% | -100.3% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.36 | $-0.90 | ||
| Q3 25 | $0.53 | $-0.52 | ||
| Q2 25 | $0.58 | $-0.41 | ||
| Q1 25 | $0.45 | $-1.68 | ||
| Q4 24 | $0.44 | $-1.69 | ||
| Q3 24 | $0.48 | $-2.66 | ||
| Q2 24 | $0.52 | $-23.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $293.6M | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $2.5B | $113.3M |
| Total Assets | $5.6B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $293.6M | — | ||
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $140.4M | ||
| Q2 25 | — | $95.1M | ||
| Q1 25 | — | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | — | $136.6M | ||
| Q2 24 | — | $84.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.4B | $113.3M | ||
| Q3 25 | $2.4B | $139.8M | ||
| Q2 25 | $2.3B | $151.8M | ||
| Q1 25 | $2.2B | $154.6M | ||
| Q4 24 | $2.2B | $201.7M | ||
| Q3 24 | $2.1B | $226.1M | ||
| Q2 24 | $2.0B | $283.8M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $2.7B | ||
| Q3 25 | $5.5B | $2.8B | ||
| Q2 25 | $5.4B | $2.8B | ||
| Q1 25 | $5.4B | $2.8B | ||
| Q4 24 | $5.1B | $2.8B | ||
| Q3 24 | $4.9B | $3.1B | ||
| Q2 24 | $4.8B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $109.2M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 2.75× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $109.2M | — | ||
| Q4 25 | $124.1M | — | ||
| Q3 25 | $102.5M | $52.7M | ||
| Q2 25 | $84.1M | — | ||
| Q1 25 | $71.2M | $27.6M | ||
| Q4 24 | $101.4M | $-23.2M | ||
| Q3 24 | $160.3M | $51.2M | ||
| Q2 24 | $194.0M | $-45.2M |
| Q1 26 | — | — | ||
| Q4 25 | $45.1M | — | ||
| Q3 25 | $24.5M | $48.6M | ||
| Q2 25 | $-10.0M | — | ||
| Q1 25 | $4.4M | $15.7M | ||
| Q4 24 | $3.9M | $-30.5M | ||
| Q3 24 | $36.5M | $40.7M | ||
| Q2 24 | $80.0M | $-59.6M |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 2.1% | 7.7% | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | 0.4% | 2.6% | ||
| Q4 24 | 0.4% | -4.8% | ||
| Q3 24 | 3.3% | 6.2% | ||
| Q2 24 | 7.1% | -9.3% |
| Q1 26 | — | — | ||
| Q4 25 | 7.0% | 1.3% | ||
| Q3 25 | 6.6% | 0.7% | ||
| Q2 25 | 7.8% | 0.8% | ||
| Q1 25 | 5.7% | 1.9% | ||
| Q4 24 | 8.8% | 1.1% | ||
| Q3 24 | 11.1% | 1.6% | ||
| Q2 24 | 10.1% | 2.2% |
| Q1 26 | 2.75× | — | ||
| Q4 25 | 3.15× | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | 1.46× | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 3.10× | — | ||
| Q2 24 | 3.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FND
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
