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Side-by-side financial comparison of Floor & Decor Holdings, Inc. (FND) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× Floor & Decor Holdings, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 3.5%, a 2.7% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 2.0%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $45.1M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
FND vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.6B |
| Net Profit | $39.3M | $101.0M |
| Gross Margin | 43.5% | 25.9% |
| Operating Margin | 4.6% | 5.2% |
| Net Margin | 3.5% | 6.2% |
| Revenue YoY | 2.0% | 22.0% |
| Net Profit YoY | -17.2% | 215.6% |
| EPS (diluted) | $0.36 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.1B |
| Q4 25 | $39.3M | $101.0M | ||
| Q3 25 | $57.3M | $105.0M | ||
| Q2 25 | $63.2M | $80.0M | ||
| Q1 25 | $48.9M | $56.0M | ||
| Q4 24 | $47.5M | $32.0M | ||
| Q3 24 | $51.7M | $56.0M | ||
| Q2 24 | $56.7M | $14.0M | ||
| Q1 24 | $50.0M | $-83.0M |
| Q4 25 | 43.5% | 25.9% | ||
| Q3 25 | 43.4% | 26.5% | ||
| Q2 25 | 43.9% | 25.3% | ||
| Q1 25 | 43.8% | 25.9% | ||
| Q4 24 | 43.5% | 24.9% | ||
| Q3 24 | 43.5% | 24.7% | ||
| Q2 24 | 43.3% | 23.0% | ||
| Q1 24 | 42.8% | 23.2% |
| Q4 25 | 4.6% | 5.2% | ||
| Q3 25 | 6.1% | 5.1% | ||
| Q2 25 | 6.7% | 5.2% | ||
| Q1 25 | 5.5% | 3.2% | ||
| Q4 24 | 5.3% | 2.5% | ||
| Q3 24 | 5.9% | 2.6% | ||
| Q2 24 | 6.3% | 0.4% | ||
| Q1 24 | 5.4% | -5.2% |
| Q4 25 | 3.5% | 6.2% | ||
| Q3 25 | 4.9% | 6.4% | ||
| Q2 25 | 5.2% | 5.2% | ||
| Q1 25 | 4.2% | 4.2% | ||
| Q4 24 | 4.3% | 2.4% | ||
| Q3 24 | 4.6% | 4.3% | ||
| Q2 24 | 5.0% | 1.1% | ||
| Q1 24 | 4.6% | -7.7% |
| Q4 25 | $0.36 | $0.18 | ||
| Q3 25 | $0.53 | $0.16 | ||
| Q2 25 | $0.58 | $0.13 | ||
| Q1 25 | $0.45 | $0.09 | ||
| Q4 24 | $0.44 | $0.09 | ||
| Q3 24 | $0.48 | $0.07 | ||
| Q2 24 | $0.52 | $0.02 | ||
| Q1 24 | $0.46 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $2.1B |
| Total Assets | $5.5B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $903.0M | ||
| Q3 24 | — | $761.0M | ||
| Q2 24 | — | $691.0M | ||
| Q1 24 | — | $578.0M |
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.3B | $1.8B | ||
| Q1 25 | $2.2B | $1.7B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.2B |
| Q4 25 | $5.5B | $3.1B | ||
| Q3 25 | $5.5B | $3.0B | ||
| Q2 25 | $5.4B | $2.8B | ||
| Q1 25 | $5.4B | $2.6B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $4.9B | $2.2B | ||
| Q2 24 | $4.8B | $2.2B | ||
| Q1 24 | $4.7B | $2.1B |
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 | $194.0M |
| Free Cash FlowOCF − Capex | $45.1M | $178.0M |
| FCF MarginFCF / Revenue | 4.0% | 10.9% |
| Capex IntensityCapex / Revenue | 7.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 3.15× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $64.1M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.1M | $194.0M | ||
| Q3 25 | $102.5M | $165.0M | ||
| Q2 25 | $84.1M | $223.0M | ||
| Q1 25 | $71.2M | $79.0M | ||
| Q4 24 | $101.4M | $147.0M | ||
| Q3 24 | $160.3M | $109.0M | ||
| Q2 24 | $194.0M | $124.0M | ||
| Q1 24 | $147.5M | $-20.0M |
| Q4 25 | $45.1M | $178.0M | ||
| Q3 25 | $24.5M | $153.0M | ||
| Q2 25 | $-10.0M | $208.0M | ||
| Q1 25 | $4.4M | $69.0M | ||
| Q4 24 | $3.9M | $134.0M | ||
| Q3 24 | $36.5M | $97.0M | ||
| Q2 24 | $80.0M | $108.0M | ||
| Q1 24 | $35.8M | $-33.0M |
| Q4 25 | 4.0% | 10.9% | ||
| Q3 25 | 2.1% | 9.4% | ||
| Q2 25 | -0.8% | 13.4% | ||
| Q1 25 | 0.4% | 5.2% | ||
| Q4 24 | 0.4% | 10.0% | ||
| Q3 24 | 3.3% | 7.4% | ||
| Q2 24 | 7.1% | 8.7% | ||
| Q1 24 | 3.3% | -3.1% |
| Q4 25 | 7.0% | 1.0% | ||
| Q3 25 | 6.6% | 0.7% | ||
| Q2 25 | 7.8% | 1.0% | ||
| Q1 25 | 5.7% | 0.7% | ||
| Q4 24 | 8.8% | 1.0% | ||
| Q3 24 | 11.1% | 0.9% | ||
| Q2 24 | 10.1% | 1.3% | ||
| Q1 24 | 10.2% | 1.2% |
| Q4 25 | 3.15× | 1.92× | ||
| Q3 25 | 1.79× | 1.57× | ||
| Q2 25 | 1.33× | 2.79× | ||
| Q1 25 | 1.46× | 1.41× | ||
| Q4 24 | 2.14× | 4.59× | ||
| Q3 24 | 3.10× | 1.95× | ||
| Q2 24 | 3.42× | 8.86× | ||
| Q1 24 | 2.95× | — |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
