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

Simon Property Group is the larger business by last-quarter revenue ($1.8B vs $1.1B, roughly 1.6× Floor & Decor Holdings, Inc.). Simon Property Group runs the higher net margin — 197.6% vs 3.5%, a 194.1% gap on every dollar of revenue. On growth, Simon Property Group posted the faster year-over-year revenue change (13.2% vs 2.0%). Simon Property Group produced more free cash flow last quarter ($948.8M vs $45.1M). Over the past eight quarters, Simon Property Group's revenue compounded faster (11.4% 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.

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

FND vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.6× larger
SPG
$1.8B
$1.1B
FND
Growing faster (revenue YoY)
SPG
SPG
+11.2% gap
SPG
13.2%
2.0%
FND
Higher net margin
SPG
SPG
194.1% more per $
SPG
197.6%
3.5%
FND
More free cash flow
SPG
SPG
$903.7M more FCF
SPG
$948.8M
$45.1M
FND
Faster 2-yr revenue CAGR
SPG
SPG
Annualised
SPG
11.4%
1.5%
FND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FND
FND
SPG
SPG
Revenue
$1.1B
$1.8B
Net Profit
$39.3M
$3.5B
Gross Margin
43.5%
Operating Margin
4.6%
49.7%
Net Margin
3.5%
197.6%
Revenue YoY
2.0%
13.2%
Net Profit YoY
-17.2%
358.7%
EPS (diluted)
$0.36
$9.34

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
SPG
SPG
Q4 25
$1.1B
$1.8B
Q3 25
$1.2B
$1.6B
Q2 25
$1.2B
$1.5B
Q1 25
$1.2B
$1.5B
Q4 24
$1.1B
$1.6B
Q3 24
$1.1B
$1.5B
Q2 24
$1.1B
$1.5B
Q1 24
$1.1B
$1.4B
Net Profit
FND
FND
SPG
SPG
Q4 25
$39.3M
$3.5B
Q3 25
$57.3M
$702.7M
Q2 25
$63.2M
$643.7M
Q1 25
$48.9M
$477.9M
Q4 24
$47.5M
$771.8M
Q3 24
$51.7M
$546.7M
Q2 24
$56.7M
$569.4M
Q1 24
$50.0M
$841.2M
Gross Margin
FND
FND
SPG
SPG
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 24
42.8%
Operating Margin
FND
FND
SPG
SPG
Q4 25
4.6%
49.7%
Q3 25
6.1%
50.8%
Q2 25
6.7%
49.7%
Q1 25
5.5%
49.4%
Q4 24
5.3%
52.8%
Q3 24
5.9%
51.9%
Q2 24
6.3%
51.7%
Q1 24
5.4%
51.0%
Net Margin
FND
FND
SPG
SPG
Q4 25
3.5%
197.6%
Q3 25
4.9%
43.9%
Q2 25
5.2%
43.0%
Q1 25
4.2%
32.4%
Q4 24
4.3%
48.8%
Q3 24
4.6%
36.9%
Q2 24
5.0%
39.0%
Q1 24
4.6%
58.3%
EPS (diluted)
FND
FND
SPG
SPG
Q4 25
$0.36
$9.34
Q3 25
$0.53
$1.86
Q2 25
$0.58
$1.70
Q1 25
$0.45
$1.27
Q4 24
$0.44
$2.04
Q3 24
$0.48
$1.46
Q2 24
$0.52
$1.51
Q1 24
$0.46
$2.25

Balance Sheet & Financial Strength

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

Metric
FND
FND
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$823.1M
Total DebtLower is stronger
$28.4B
Stockholders' EquityBook value
$2.4B
$5.2B
Total Assets
$5.5B
$40.6B
Debt / EquityLower = less leverage
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FND
FND
SPG
SPG
Q4 25
$823.1M
Q3 25
$1.6B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.6B
Total Debt
FND
FND
SPG
SPG
Q4 25
$28.4B
Q3 25
$25.8B
Q2 25
$25.4B
Q1 25
$24.8B
Q4 24
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Q1 24
$25.5B
Stockholders' Equity
FND
FND
SPG
SPG
Q4 25
$2.4B
$5.2B
Q3 25
$2.4B
$2.3B
Q2 25
$2.3B
$2.5B
Q1 25
$2.2B
$2.6B
Q4 24
$2.2B
$2.9B
Q3 24
$2.1B
$2.7B
Q2 24
$2.0B
$2.9B
Q1 24
$2.0B
$3.1B
Total Assets
FND
FND
SPG
SPG
Q4 25
$5.5B
$40.6B
Q3 25
$5.5B
$33.6B
Q2 25
$5.4B
$33.3B
Q1 25
$5.4B
$32.5B
Q4 24
$5.1B
$32.4B
Q3 24
$4.9B
$33.3B
Q2 24
$4.8B
$33.4B
Q1 24
$4.7B
$33.7B
Debt / Equity
FND
FND
SPG
SPG
Q4 25
5.46×
Q3 25
10.98×
Q2 25
10.36×
Q1 25
9.50×
Q4 24
8.25×
Q3 24
9.37×
Q2 24
8.59×
Q1 24
8.22×

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
SPG
SPG
Operating Cash FlowLast quarter
$124.1M
$1.2B
Free Cash FlowOCF − Capex
$45.1M
$948.8M
FCF MarginFCF / Revenue
4.0%
53.0%
Capex IntensityCapex / Revenue
7.0%
14.2%
Cash ConversionOCF / Net Profit
3.15×
0.34×
TTM Free Cash FlowTrailing 4 quarters
$64.1M
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FND
FND
SPG
SPG
Q4 25
$124.1M
$1.2B
Q3 25
$102.5M
$890.3M
Q2 25
$84.1M
$1.2B
Q1 25
$71.2M
$827.2M
Q4 24
$101.4M
$1.1B
Q3 24
$160.3M
$892.9M
Q2 24
$194.0M
$1.1B
Q1 24
$147.5M
$773.1M
Free Cash Flow
FND
FND
SPG
SPG
Q4 25
$45.1M
$948.8M
Q3 25
$24.5M
$685.0M
Q2 25
$-10.0M
$971.3M
Q1 25
$4.4M
$597.0M
Q4 24
$3.9M
$867.7M
Q3 24
$36.5M
$706.5M
Q2 24
$80.0M
$874.8M
Q1 24
$35.8M
$610.1M
FCF Margin
FND
FND
SPG
SPG
Q4 25
4.0%
53.0%
Q3 25
2.1%
42.8%
Q2 25
-0.8%
64.8%
Q1 25
0.4%
40.5%
Q4 24
0.4%
54.8%
Q3 24
3.3%
47.7%
Q2 24
7.1%
60.0%
Q1 24
3.3%
42.3%
Capex Intensity
FND
FND
SPG
SPG
Q4 25
7.0%
14.2%
Q3 25
6.6%
12.8%
Q2 25
7.8%
16.3%
Q1 25
5.7%
15.6%
Q4 24
8.8%
13.8%
Q3 24
11.1%
12.6%
Q2 24
10.1%
12.9%
Q1 24
10.2%
11.3%
Cash Conversion
FND
FND
SPG
SPG
Q4 25
3.15×
0.34×
Q3 25
1.79×
1.27×
Q2 25
1.33×
1.89×
Q1 25
1.46×
1.73×
Q4 24
2.14×
1.41×
Q3 24
3.10×
1.63×
Q2 24
3.42×
1.87×
Q1 24
2.95×
0.92×

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%

SPG
SPG

Real Estate Segment$1.7B95%
Other$86.3M5%

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