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Side-by-side financial comparison of Floor & Decor Holdings, Inc. (FND) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Floor & Decor Holdings, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Western Midstream Partners, LP). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 3.5%, a 15.0% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs 2.0%). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% CAGR vs -0.2%).

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.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

FND vs WES — Head-to-Head

Bigger by revenue
FND
FND
1.1× larger
FND
$1.1B
$1.0B
WES
Growing faster (revenue YoY)
WES
WES
+9.0% gap
WES
11.0%
2.0%
FND
Higher net margin
WES
WES
15.0% more per $
WES
18.5%
3.5%
FND
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
-0.2%
FND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FND
FND
WES
WES
Revenue
$1.1B
$1.0B
Net Profit
$39.3M
$190.7M
Gross Margin
43.5%
Operating Margin
4.6%
29.7%
Net Margin
3.5%
18.5%
Revenue YoY
2.0%
11.0%
Net Profit YoY
-17.2%
-42.8%
EPS (diluted)
$0.36

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
WES
WES
Q1 26
$1.1B
Q4 25
$1.1B
$1.0B
Q3 25
$1.2B
$952.3M
Q2 25
$1.2B
$942.1M
Q1 25
$1.2B
$916.9M
Q4 24
$1.1B
$928.4M
Q3 24
$1.1B
$883.1M
Q2 24
$1.1B
$905.4M
Net Profit
FND
FND
WES
WES
Q1 26
$39.3M
Q4 25
$39.3M
$190.7M
Q3 25
$57.3M
$339.6M
Q2 25
$63.2M
$341.7M
Q1 25
$48.9M
$309.0M
Q4 24
$47.5M
$333.6M
Q3 24
$51.7M
$288.5M
Q2 24
$56.7M
$378.6M
Gross Margin
FND
FND
WES
WES
Q1 26
43.5%
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%
Operating Margin
FND
FND
WES
WES
Q1 26
4.6%
Q4 25
4.6%
29.7%
Q3 25
6.1%
46.4%
Q2 25
6.7%
47.2%
Q1 25
5.5%
44.7%
Q4 24
5.3%
45.9%
Q3 24
5.9%
44.8%
Q2 24
6.3%
51.9%
Net Margin
FND
FND
WES
WES
Q1 26
3.5%
Q4 25
3.5%
18.5%
Q3 25
4.9%
35.7%
Q2 25
5.2%
36.3%
Q1 25
4.2%
33.7%
Q4 24
4.3%
35.9%
Q3 24
4.6%
32.7%
Q2 24
5.0%
41.8%
EPS (diluted)
FND
FND
WES
WES
Q1 26
$0.36
Q4 25
$0.36
Q3 25
$0.53
Q2 25
$0.58
Q1 25
$0.45
Q4 24
$0.44
Q3 24
$0.48
Q2 24
$0.52

Balance Sheet & Financial Strength

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

Metric
FND
FND
WES
WES
Cash + ST InvestmentsLiquidity on hand
$249.3M
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$2.4B
Total Assets
$5.5B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FND
FND
WES
WES
Q1 26
$249.3M
Q4 25
$819.5M
Q3 25
$177.3M
Q2 25
$129.7M
Q1 25
$448.4M
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$344.1M
Total Debt
FND
FND
WES
WES
Q1 26
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Stockholders' Equity
FND
FND
WES
WES
Q1 26
$2.4B
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.1B
Q2 24
$2.0B
Total Assets
FND
FND
WES
WES
Q1 26
$5.5B
Q4 25
$5.5B
$15.0B
Q3 25
$5.5B
$12.1B
Q2 25
$5.4B
$12.2B
Q1 25
$5.4B
$12.5B
Q4 24
$5.1B
$13.1B
Q3 24
$4.9B
$13.0B
Q2 24
$4.8B
$12.2B

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
WES
WES
Operating Cash FlowLast quarter
$381.8M
$557.6M
Free Cash FlowOCF − Capex
$335.4M
FCF MarginFCF / Revenue
32.6%
Capex IntensityCapex / Revenue
21.6%
Cash ConversionOCF / Net Profit
9.71×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FND
FND
WES
WES
Q1 26
$381.8M
Q4 25
$124.1M
$557.6M
Q3 25
$102.5M
$570.2M
Q2 25
$84.1M
$564.0M
Q1 25
$71.2M
$530.8M
Q4 24
$101.4M
$554.4M
Q3 24
$160.3M
$551.3M
Q2 24
$194.0M
$631.4M
Free Cash Flow
FND
FND
WES
WES
Q1 26
Q4 25
$45.1M
$335.4M
Q3 25
$24.5M
$385.5M
Q2 25
$-10.0M
$385.4M
Q1 25
$4.4M
$388.4M
Q4 24
$3.9M
$315.7M
Q3 24
$36.5M
$361.9M
Q2 24
$80.0M
$419.6M
FCF Margin
FND
FND
WES
WES
Q1 26
Q4 25
4.0%
32.6%
Q3 25
2.1%
40.5%
Q2 25
-0.8%
40.9%
Q1 25
0.4%
42.4%
Q4 24
0.4%
34.0%
Q3 24
3.3%
41.0%
Q2 24
7.1%
46.3%
Capex Intensity
FND
FND
WES
WES
Q1 26
Q4 25
7.0%
21.6%
Q3 25
6.6%
19.4%
Q2 25
7.8%
19.0%
Q1 25
5.7%
15.5%
Q4 24
8.8%
25.7%
Q3 24
11.1%
21.5%
Q2 24
10.1%
23.4%
Cash Conversion
FND
FND
WES
WES
Q1 26
9.71×
Q4 25
3.15×
2.92×
Q3 25
1.79×
1.68×
Q2 25
1.33×
1.65×
Q1 25
1.46×
1.72×
Q4 24
2.14×
1.66×
Q3 24
3.10×
1.91×
Q2 24
3.42×
1.67×

Financial Flow Comparison

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

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