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Side-by-side financial comparison of Floor & Decor Holdings, Inc. (FND) and MAXIMUS, INC. (MMS). Click either name above to swap in a different company.

MAXIMUS, INC. is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× Floor & Decor Holdings, Inc.). MAXIMUS, INC. runs the higher net margin — 7.0% vs 3.5%, a 3.5% gap on every dollar of revenue. On growth, Floor & Decor Holdings, Inc. posted the faster year-over-year revenue change (2.0% vs -4.1%). Floor & Decor Holdings, Inc. produced more free cash flow last quarter ($45.1M vs $-250.7M). Over the past eight quarters, Floor & Decor Holdings, Inc.'s revenue compounded faster (1.5% CAGR vs -0.1%).

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.

Maximus Inc. is an American government services company, with operations in countries including the United States, Canada, and the United Kingdom. Maximus provides administration and other services for Medicaid, Medicare, health care reform, welfare-to-work, and student loan servicing, among other government programs. The company is based in Tysons, Virginia, has 39,600 employees and a reported annual revenue of $5.3 billion in fiscal year 2024.

FND vs MMS — Head-to-Head

Bigger by revenue
MMS
MMS
1.2× larger
MMS
$1.3B
$1.1B
FND
Growing faster (revenue YoY)
FND
FND
+6.1% gap
FND
2.0%
-4.1%
MMS
Higher net margin
MMS
MMS
3.5% more per $
MMS
7.0%
3.5%
FND
More free cash flow
FND
FND
$295.8M more FCF
FND
$45.1M
$-250.7M
MMS
Faster 2-yr revenue CAGR
FND
FND
Annualised
FND
1.5%
-0.1%
MMS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FND
FND
MMS
MMS
Revenue
$1.1B
$1.3B
Net Profit
$39.3M
$93.9M
Gross Margin
43.5%
23.7%
Operating Margin
4.6%
10.9%
Net Margin
3.5%
7.0%
Revenue YoY
2.0%
-4.1%
Net Profit YoY
-17.2%
128.0%
EPS (diluted)
$0.36
$1.70

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.

Revenue
FND
FND
MMS
MMS
Q4 25
$1.1B
$1.3B
Q3 25
$1.2B
$1.3B
Q2 25
$1.2B
$1.3B
Q1 25
$1.2B
$1.4B
Q4 24
$1.1B
$1.4B
Q3 24
$1.1B
$1.3B
Q2 24
$1.1B
$1.3B
Q1 24
$1.1B
$1.3B
Net Profit
FND
FND
MMS
MMS
Q4 25
$39.3M
$93.9M
Q3 25
$57.3M
$75.3M
Q2 25
$63.2M
$106.0M
Q1 25
$48.9M
$96.6M
Q4 24
$47.5M
$41.2M
Q3 24
$51.7M
$72.5M
Q2 24
$56.7M
$89.8M
Q1 24
$50.0M
$80.5M
Gross Margin
FND
FND
MMS
MMS
Q4 25
43.5%
23.7%
Q3 25
43.4%
25.3%
Q2 25
43.9%
26.7%
Q1 25
43.8%
24.9%
Q4 24
43.5%
21.5%
Q3 24
43.5%
22.9%
Q2 24
43.3%
25.3%
Q1 24
42.8%
23.6%
Operating Margin
FND
FND
MMS
MMS
Q4 25
4.6%
10.9%
Q3 25
6.1%
9.3%
Q2 25
6.7%
12.3%
Q1 25
5.5%
11.2%
Q4 24
5.3%
6.2%
Q3 24
5.9%
8.5%
Q2 24
6.3%
10.8%
Q1 24
5.4%
9.5%
Net Margin
FND
FND
MMS
MMS
Q4 25
3.5%
7.0%
Q3 25
4.9%
5.7%
Q2 25
5.2%
7.9%
Q1 25
4.2%
7.1%
Q4 24
4.3%
2.9%
Q3 24
4.6%
5.5%
Q2 24
5.0%
6.8%
Q1 24
4.6%
6.0%
EPS (diluted)
FND
FND
MMS
MMS
Q4 25
$0.36
$1.70
Q3 25
$0.53
$1.27
Q2 25
$0.58
$1.86
Q1 25
$0.45
$1.69
Q4 24
$0.44
$0.69
Q3 24
$0.48
$1.18
Q2 24
$0.52
$1.46
Q1 24
$0.46
$1.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FND
FND
MMS
MMS
Cash + ST InvestmentsLiquidity on hand
$137.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$1.7B
Total Assets
$5.5B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FND
FND
MMS
MMS
Q4 25
$137.6M
Q3 25
$222.4M
Q2 25
$59.8M
Q1 25
$108.1M
Q4 24
$72.7M
Q3 24
$183.1M
Q2 24
$102.8M
Q1 24
$77.4M
Stockholders' Equity
FND
FND
MMS
MMS
Q4 25
$2.4B
$1.7B
Q3 25
$2.4B
$1.7B
Q2 25
$2.3B
$1.8B
Q1 25
$2.2B
$1.7B
Q4 24
$2.2B
$1.6B
Q3 24
$2.1B
$1.8B
Q2 24
$2.0B
$1.8B
Q1 24
$2.0B
$1.8B
Total Assets
FND
FND
MMS
MMS
Q4 25
$5.5B
$4.2B
Q3 25
$5.5B
$4.1B
Q2 25
$5.4B
$4.5B
Q1 25
$5.4B
$4.2B
Q4 24
$5.1B
$4.1B
Q3 24
$4.9B
$4.1B
Q2 24
$4.8B
$4.0B
Q1 24
$4.7B
$4.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FND
FND
MMS
MMS
Operating Cash FlowLast quarter
$124.1M
$-244.4M
Free Cash FlowOCF − Capex
$45.1M
$-250.7M
FCF MarginFCF / Revenue
4.0%
-18.6%
Capex IntensityCapex / Revenue
7.0%
0.5%
Cash ConversionOCF / Net Profit
3.15×
-2.60×
TTM Free Cash FlowTrailing 4 quarters
$64.1M
$218.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FND
FND
MMS
MMS
Q4 25
$124.1M
$-244.4M
Q3 25
$102.5M
$649.4M
Q2 25
$84.1M
$-182.7M
Q1 25
$71.2M
$42.7M
Q4 24
$101.4M
$-80.0M
Q3 24
$160.3M
$163.8M
Q2 24
$194.0M
$199.3M
Q1 24
$147.5M
$130.5M
Free Cash Flow
FND
FND
MMS
MMS
Q4 25
$45.1M
$-250.7M
Q3 25
$24.5M
$641.8M
Q2 25
$-10.0M
$-198.2M
Q1 25
$4.4M
$25.5M
Q4 24
$3.9M
$-103.0M
Q3 24
$36.5M
$131.9M
Q2 24
$80.0M
$164.6M
Q1 24
$35.8M
$105.2M
FCF Margin
FND
FND
MMS
MMS
Q4 25
4.0%
-18.6%
Q3 25
2.1%
48.7%
Q2 25
-0.8%
-14.7%
Q1 25
0.4%
1.9%
Q4 24
0.4%
-7.3%
Q3 24
3.3%
10.0%
Q2 24
7.1%
12.5%
Q1 24
3.3%
7.8%
Capex Intensity
FND
FND
MMS
MMS
Q4 25
7.0%
0.5%
Q3 25
6.6%
0.6%
Q2 25
7.8%
1.1%
Q1 25
5.7%
1.3%
Q4 24
8.8%
1.6%
Q3 24
11.1%
2.4%
Q2 24
10.1%
2.6%
Q1 24
10.2%
1.9%
Cash Conversion
FND
FND
MMS
MMS
Q4 25
3.15×
-2.60×
Q3 25
1.79×
8.63×
Q2 25
1.33×
-1.72×
Q1 25
1.46×
0.44×
Q4 24
2.14×
-1.94×
Q3 24
3.10×
2.26×
Q2 24
3.42×
2.22×
Q1 24
2.95×
1.62×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FND
FND

Laminate And Vinyl$310.1M27%
Tile$259.1M23%
Installation Materials And Tools$218.4M19%
Decorative Accessories And Wall Tile$177.0M16%
Wood$83.2M7%
Natural Stone$46.8M4%
Adjacent Categories$26.6M2%
Other$8.5M1%

MMS
MMS

Clinical Services$523.7M39%
Cost Plus Contracts$386.4M29%
Outside The United States$143.2M11%
International Government Agencies$141.0M10%
Technology Solutions$74.8M6%
Employment And Other$70.2M5%
Other Including Local Municipalities And Commercial Customers$17.6M1%

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