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Side-by-side financial comparison of Floor & Decor Holdings, Inc. (FND) and CarMax (KMX). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $1.1B, roughly 5.1× Floor & Decor Holdings, Inc.). Floor & Decor Holdings, Inc. runs the higher net margin — 3.5% vs 1.1%, a 2.4% gap on every dollar of revenue. On growth, Floor & Decor Holdings, Inc. posted the faster year-over-year revenue change (2.0% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $45.1M). Over the past eight quarters, CarMax's revenue compounded faster (1.5% CAGR vs 1.5%).
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.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
FND vs KMX — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $5.8B |
| Net Profit | $39.3M | $62.2M |
| Gross Margin | 43.5% | 10.2% |
| Operating Margin | 4.6% | — |
| Net Margin | 3.5% | 1.1% |
| Revenue YoY | 2.0% | -6.9% |
| Net Profit YoY | -17.2% | -50.4% |
| EPS (diluted) | $0.36 | $0.43 |
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.
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $1.2B | $6.6B | ||
| Q2 25 | $1.2B | $7.5B | ||
| Q1 25 | $1.2B | $6.0B | ||
| Q4 24 | $1.1B | $6.2B | ||
| Q3 24 | $1.1B | $7.0B | ||
| Q2 24 | $1.1B | $7.1B | ||
| Q1 24 | $1.1B | $5.6B |
| Q4 25 | $39.3M | $62.2M | ||
| Q3 25 | $57.3M | $95.4M | ||
| Q2 25 | $63.2M | $210.4M | ||
| Q1 25 | $48.9M | $89.9M | ||
| Q4 24 | $47.5M | $125.4M | ||
| Q3 24 | $51.7M | $132.8M | ||
| Q2 24 | $56.7M | $152.4M | ||
| Q1 24 | $50.0M | $50.3M |
| Q4 25 | 43.5% | 10.2% | ||
| Q3 25 | 43.4% | 10.9% | ||
| Q2 25 | 43.9% | 11.8% | ||
| Q1 25 | 43.8% | 11.1% | ||
| Q4 24 | 43.5% | 10.9% | ||
| Q3 24 | 43.5% | 10.8% | ||
| Q2 24 | 43.3% | 11.1% | ||
| Q1 24 | 42.8% | 10.4% |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | 5.5% | 2.0% | ||
| Q4 24 | 5.3% | 2.7% | ||
| Q3 24 | 5.9% | 2.5% | ||
| Q2 24 | 6.3% | 2.9% | ||
| Q1 24 | 5.4% | 1.2% |
| Q4 25 | 3.5% | 1.1% | ||
| Q3 25 | 4.9% | 1.4% | ||
| Q2 25 | 5.2% | 2.8% | ||
| Q1 25 | 4.2% | 1.5% | ||
| Q4 24 | 4.3% | 2.0% | ||
| Q3 24 | 4.6% | 1.9% | ||
| Q2 24 | 5.0% | 2.1% | ||
| Q1 24 | 4.6% | 0.9% |
| Q4 25 | $0.36 | $0.43 | ||
| Q3 25 | $0.53 | $0.64 | ||
| Q2 25 | $0.58 | $1.38 | ||
| Q1 25 | $0.45 | $0.58 | ||
| Q4 24 | $0.44 | $0.81 | ||
| Q3 24 | $0.48 | $0.85 | ||
| Q2 24 | $0.52 | $0.97 | ||
| Q1 24 | $0.46 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $204.9M |
| Total DebtLower is stronger | — | $16.6B |
| Stockholders' EquityBook value | $2.4B | $6.1B |
| Total Assets | $5.5B | $25.6B |
| Debt / EquityLower = less leverage | — | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $204.9M | ||
| Q3 25 | — | $540.4M | ||
| Q2 25 | — | $262.8M | ||
| Q1 25 | — | $247.0M | ||
| Q4 24 | — | $271.9M | ||
| Q3 24 | — | $524.7M | ||
| Q2 24 | — | $218.9M | ||
| Q1 24 | — | $574.1M |
| Q4 25 | — | $16.6B | ||
| Q3 25 | — | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | — | $18.1B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.2B | ||
| Q1 24 | — | $18.0B |
| Q4 25 | $2.4B | $6.1B | ||
| Q3 25 | $2.4B | $6.2B | ||
| Q2 25 | $2.3B | $6.3B | ||
| Q1 25 | $2.2B | $6.2B | ||
| Q4 24 | $2.2B | $6.2B | ||
| Q3 24 | $2.1B | $6.2B | ||
| Q2 24 | $2.0B | $6.2B | ||
| Q1 24 | $2.0B | $6.1B |
| Q4 25 | $5.5B | $25.6B | ||
| Q3 25 | $5.5B | $27.1B | ||
| Q2 25 | $5.4B | $27.4B | ||
| Q1 25 | $5.4B | $27.4B | ||
| Q4 24 | $5.1B | $27.3B | ||
| Q3 24 | $4.9B | $27.3B | ||
| Q2 24 | $4.8B | $27.2B | ||
| Q1 24 | $4.7B | $27.2B |
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $124.1M | $1.3B |
| Free Cash FlowOCF − Capex | $45.1M | $1.1B |
| FCF MarginFCF / Revenue | 4.0% | 19.2% |
| Capex IntensityCapex / Revenue | 7.0% | 2.4% |
| Cash ConversionOCF / Net Profit | 3.15× | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $64.1M | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.1M | $1.3B | ||
| Q3 25 | $102.5M | $785.5M | ||
| Q2 25 | $84.1M | $299.5M | ||
| Q1 25 | $71.2M | $146.4M | ||
| Q4 24 | $101.4M | $-23.4M | ||
| Q3 24 | $160.3M | $619.1M | ||
| Q2 24 | $194.0M | $-117.7M | ||
| Q1 24 | $147.5M | $309.6M |
| Q4 25 | $45.1M | $1.1B | ||
| Q3 25 | $24.5M | $654.0M | ||
| Q2 25 | $-10.0M | $162.8M | ||
| Q1 25 | $4.4M | $18.8M | ||
| Q4 24 | $3.9M | $-150.6M | ||
| Q3 24 | $36.5M | $509.9M | ||
| Q2 24 | $80.0M | $-221.6M | ||
| Q1 24 | $35.8M | $199.8M |
| Q4 25 | 4.0% | 19.2% | ||
| Q3 25 | 2.1% | 9.9% | ||
| Q2 25 | -0.8% | 2.2% | ||
| Q1 25 | 0.4% | 0.3% | ||
| Q4 24 | 0.4% | -2.4% | ||
| Q3 24 | 3.3% | 7.3% | ||
| Q2 24 | 7.1% | -3.1% | ||
| Q1 24 | 3.3% | 3.6% |
| Q4 25 | 7.0% | 2.4% | ||
| Q3 25 | 6.6% | 2.0% | ||
| Q2 25 | 7.8% | 1.8% | ||
| Q1 25 | 5.7% | 2.1% | ||
| Q4 24 | 8.8% | 2.0% | ||
| Q3 24 | 11.1% | 1.6% | ||
| Q2 24 | 10.1% | 1.5% | ||
| Q1 24 | 10.2% | 2.0% |
| Q4 25 | 3.15× | 20.14× | ||
| Q3 25 | 1.79× | 8.24× | ||
| Q2 25 | 1.33× | 1.42× | ||
| Q1 25 | 1.46× | 1.63× | ||
| Q4 24 | 2.14× | -0.19× | ||
| Q3 24 | 3.10× | 4.66× | ||
| Q2 24 | 3.42× | -0.77× | ||
| Q1 24 | 2.95× | 6.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FND
| Laminate And Vinyl | $310.1M | 27% |
| Tile | $259.1M | 23% |
| Installation Materials And Tools | $218.4M | 19% |
| Decorative Accessories And Wall Tile | $177.0M | 16% |
| Wood | $83.2M | 7% |
| Natural Stone | $46.8M | 4% |
| Adjacent Categories | $26.6M | 2% |
| Other | $8.5M | 1% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
