Home Depot (NYSE: HD) has been an incredible stock to own over time, gaining nearly 300% over the past 10 years. It's the largest home improvement chain in the world, with more than 2,300 stores, and it continues to dominate its industry and demonstrate robust profitability.

However, it's also well-established and has passed its high-growth stage. That leaves room for newcomers to stake out similar territory and become the next big opportunity. Floor & Decor (NYSE: FND) operates a similar model to Home Depot's, but it sells flooring products. It's just getting started, and it has a huge growth runway in new store openings.

Could Floor & Decore it become the next Home Depot?

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Source Fool.com