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Floor & Decor Holdings, Inc.（FND）与Vici Properties（VICI）财务数据对比。点击上方公司名可切换其他公司
Floor & Decor Holdings, Inc.的季度营收约是Vici Properties的1.1倍（$1.1B vs $1.0B），Vici Properties净利率更高（59.7% vs 3.5%，领先56.2%），Vici Properties同比增速更快（3.8% vs 2.0%），过去两年Vici Properties的营收复合增速更高（3.2% vs 1.5%）
Floor & Decor Holdings, Inc.是美国多渠道专业零售企业，对外使用Floor & Decor品牌开展业务，创立于2000年，总部位于美国佐治亚州士麦那，主营各类硬质面地板及相关配套配件，线上线下销售渠道全面覆盖。
Vici Properties是总部位于美国纽约的房地产投资信托（REIT），专注于博彩及娱乐类物业。公司成立于2017年，由凯撒娱乐集团破产重组时分拆而来，目前在美加两国持有54家赌场、酒店、赛马场，4座高尔夫球场及38个保龄球馆。
FND vs VICI — 直观对比
营收规模更大
FND
是对方的1.1倍
$1.0B
营收增速更快
VICI
高出1.8%
2.0%
净利率更高
VICI
高出56.2%
3.5%
两年增速更快
VICI
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $39.3M | $604.8M |
| 毛利率 | 43.5% | 99.3% |
| 营业利润率 | 4.6% | 60.2% |
| 净利率 | 3.5% | 59.7% |
| 营收同比 | 2.0% | 3.8% |
| 净利润同比 | -17.2% | -1.6% |
| 每股收益（稀释后） | $0.36 | $0.57 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FNDVICI
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $984.2M | ||
| Q4 24 | $1.1B | $976.1M | ||
| Q3 24 | $1.1B | $964.7M | ||
| Q2 24 | $1.1B | $957.0M | ||
| Q1 24 | $1.1B | $951.5M |
净利润FNDVICI
| Q4 25 | $39.3M | $604.8M | ||
| Q3 25 | $57.3M | $762.0M | ||
| Q2 25 | $63.2M | $865.1M | ||
| Q1 25 | $48.9M | $543.6M | ||
| Q4 24 | $47.5M | $614.6M | ||
| Q3 24 | $51.7M | $732.9M | ||
| Q2 24 | $56.7M | $741.3M | ||
| Q1 24 | $50.0M | $590.0M |
毛利率FNDVICI
| Q4 25 | 43.5% | 99.3% | ||
| Q3 25 | 43.4% | 99.3% | ||
| Q2 25 | 43.9% | 99.3% | ||
| Q1 25 | 43.8% | 99.4% | ||
| Q4 24 | 43.5% | 99.3% | ||
| Q3 24 | 43.5% | 99.3% | ||
| Q2 24 | 43.3% | 99.3% | ||
| Q1 24 | 42.8% | 99.3% |
营业利润率FNDVICI
| Q4 25 | 4.6% | 60.2% | ||
| Q3 25 | 6.1% | 77.2% | ||
| Q2 25 | 6.7% | 88.3% | ||
| Q1 25 | 5.5% | 55.9% | ||
| Q4 24 | 5.3% | 64.2% | ||
| Q3 24 | 5.9% | 77.4% | ||
| Q2 24 | 6.3% | 79.0% | ||
| Q1 24 | 5.4% | 63.2% |
净利率FNDVICI
| Q4 25 | 3.5% | 59.7% | ||
| Q3 25 | 4.9% | 75.6% | ||
| Q2 25 | 5.2% | 86.4% | ||
| Q1 25 | 4.2% | 55.2% | ||
| Q4 24 | 4.3% | 63.0% | ||
| Q3 24 | 4.6% | 76.0% | ||
| Q2 24 | 5.0% | 77.5% | ||
| Q1 24 | 4.6% | 62.0% |
每股收益（稀释后）FNDVICI
| Q4 25 | $0.36 | $0.57 | ||
| Q3 25 | $0.53 | $0.71 | ||
| Q2 25 | $0.58 | $0.82 | ||
| Q1 25 | $0.45 | $0.51 | ||
| Q4 24 | $0.44 | $0.58 | ||
| Q3 24 | $0.48 | $0.70 | ||
| Q2 24 | $0.52 | $0.71 | ||
| Q1 24 | $0.46 | $0.57 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $608.0M |
| 总债务越低越好 | — | $16.8B |
| 股东权益账面价值 | $2.4B | $27.8B |
| 总资产 | $5.5B | $46.7B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资FNDVICI
| Q4 25 | — | $608.0M | ||
| Q3 25 | — | $507.5M | ||
| Q2 25 | — | $233.0M | ||
| Q1 25 | — | $334.3M | ||
| Q4 24 | — | $524.6M | ||
| Q3 24 | — | $355.7M | ||
| Q2 24 | — | $347.2M | ||
| Q1 24 | — | $514.9M |
总债务FNDVICI
| Q4 25 | — | $16.8B | ||
| Q3 25 | — | $16.8B | ||
| Q2 25 | — | $16.9B | ||
| Q1 25 | — | $16.8B | ||
| Q4 24 | — | $16.7B | ||
| Q3 24 | — | $16.7B | ||
| Q2 24 | — | $16.7B | ||
| Q1 24 | — | $16.7B |
股东权益FNDVICI
| Q4 25 | $2.4B | $27.8B | ||
| Q3 25 | $2.4B | $27.7B | ||
| Q2 25 | $2.3B | $27.0B | ||
| Q1 25 | $2.2B | $26.6B | ||
| Q4 24 | $2.2B | $26.5B | ||
| Q3 24 | $2.1B | $26.1B | ||
| Q2 24 | $2.0B | $25.7B | ||
| Q1 24 | $2.0B | $25.4B |
总资产FNDVICI
| Q4 25 | $5.5B | $46.7B | ||
| Q3 25 | $5.5B | $46.5B | ||
| Q2 25 | $5.4B | $46.1B | ||
| Q1 25 | $5.4B | $45.5B | ||
| Q4 24 | $5.1B | $45.4B | ||
| Q3 24 | $4.9B | $44.9B | ||
| Q2 24 | $4.8B | $44.5B | ||
| Q1 24 | $4.7B | $44.2B |
负债/权益比FNDVICI
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.66× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $124.1M | $691.9M |
| 自由现金流经营现金流 - 资本支出 | $45.1M | — |
| 自由现金流率自由现金流/营收 | 4.0% | — |
| 资本支出强度资本支出/营收 | 7.0% | — |
| 现金转化率经营现金流/净利润 | 3.15× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $64.1M | — |
8季度趋势，按日历期对齐
经营现金流FNDVICI
| Q4 25 | $124.1M | $691.9M | ||
| Q3 25 | $102.5M | $586.3M | ||
| Q2 25 | $84.1M | $639.9M | ||
| Q1 25 | $71.2M | $591.9M | ||
| Q4 24 | $101.4M | $644.1M | ||
| Q3 24 | $160.3M | $579.1M | ||
| Q2 24 | $194.0M | $614.6M | ||
| Q1 24 | $147.5M | $543.7M |
自由现金流FNDVICI
| Q4 25 | $45.1M | — | ||
| Q3 25 | $24.5M | — | ||
| Q2 25 | $-10.0M | — | ||
| Q1 25 | $4.4M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $36.5M | — | ||
| Q2 24 | $80.0M | — | ||
| Q1 24 | $35.8M | — |
自由现金流率FNDVICI
| Q4 25 | 4.0% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | 3.3% | — |
资本支出强度FNDVICI
| Q4 25 | 7.0% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 10.1% | — | ||
| Q1 24 | 10.2% | — |
现金转化率FNDVICI
| Q4 25 | 3.15× | 1.14× | ||
| Q3 25 | 1.79× | 0.77× | ||
| Q2 25 | 1.33× | 0.74× | ||
| Q1 25 | 1.46× | 1.09× | ||
| Q4 24 | 2.14× | 1.05× | ||
| Q3 24 | 3.10× | 0.79× | ||
| Q2 24 | 3.42× | 0.83× | ||
| Q1 24 | 2.95× | 0.92× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
VICI
| Fixed Rent | $504.3M | 50% |
| Other | $478.4M | 47% |
| Contingent Rent | $30.4M | 3% |
