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Stocks · Consumer discretionary · Retail-Lumber & Other Building Materials Dealers

Home Depot (The)

HD Clue Score36
United States Fiscal year ends January CIK 0000354950
$290.74 -1.60% Close, 9 Oct 2026
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Price $290.74 −13.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue94.60Operating income13.43Net income7.96EPS, diluted6.45Fiscal year 2018Revenue100.90 +6.7%Operating income14.68Net income8.63 +8.5%EPS, diluted7.29 +13.0%Fiscal year 2019Revenue108.20 +7.2%Operating income15.53Net income11.12 +28.9%EPS, diluted9.73 +33.5%Fiscal year 2020Revenue110.23 +1.9%Operating income15.84Net income11.24 +1.1%EPS, diluted10.25 +5.3%Fiscal year 2021Revenue132.11 +19.9%Operating income18.28Net income12.87 +14.4%EPS, diluted11.94 +16.5%Fiscal year 2022Revenue151.16 +14.4%Operating income23.04Net income16.43 +27.7%EPS, diluted15.53 +30.1%Fiscal year 2023Revenue157.40 +4.1%Operating income24.04Net income17.11 +4.1%EPS, diluted16.69 +7.5%Fiscal year 2024Revenue152.67 −3.0%Operating income21.69Net income15.14 −11.5%EPS, diluted15.11 −9.5%Fiscal year 2025Revenue159.51 +4.5%Operating income21.53Net income14.81 −2.2%EPS, diluted14.91 −1.3%Fiscal year 2026Revenue164.68 +3.2%Operating income20.89Net income14.16 −4.4%EPS, diluted14.23 −4.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 94.60 100.90 108.20 110.23 132.11 151.16 157.40 152.67 159.51 164.68
Growth +6.7% +7.2% +1.9% +19.9% +14.4% +4.1% −3.0% +4.5% +3.2%
Operating income 13.43 14.68 15.53 15.84 18.28 23.04 24.04 21.69 21.53 20.89
Net income 7.96 8.63 11.12 11.24 12.87 16.43 17.11 15.14 14.81 14.16
Growth +8.5% +28.9% +1.1% +14.4% +27.7% +4.1% −11.5% −2.2% −4.4%
EPS, diluted 6.45 7.29 9.73 10.25 11.94 15.53 16.69 15.11 14.91 14.23
Growth +13.0% +33.5% +5.3% +16.5% +30.1% +7.5% −9.5% −1.3% −4.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin34.2%Operating margin14.2%Net margin8.4%Free cash flow margin8.6%Fiscal year 2018Gross margin34.0%Operating margin14.5%Net margin8.6%Free cash flow margin10.0%Fiscal year 2019Gross margin34.3%Operating margin14.4%Net margin10.3%Free cash flow margin9.9%Fiscal year 2020Gross margin34.1%Operating margin14.4%Net margin10.2%Free cash flow margin10.0%Fiscal year 2021Gross margin34.0%Operating margin13.8%Net margin9.7%Free cash flow margin12.4%Fiscal year 2022Gross margin33.6%Operating margin15.2%Net margin10.9%Free cash flow margin9.3%Fiscal year 2023Gross margin33.5%Operating margin15.3%Net margin10.9%Free cash flow margin7.3%Fiscal year 2024Gross margin33.4%Operating margin14.2%Net margin9.9%Free cash flow margin11.8%Fiscal year 2025Gross margin33.4%Operating margin13.5%Net margin9.3%Free cash flow margin10.2%Fiscal year 2026Gross margin33.3%Operating margin12.7%Net margin8.6%Free cash flow margin7.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 34.2% 34.0% 34.3% 34.1% 34.0% 33.6% 33.5% 33.4% 33.4% 33.3%
Operating margin 14.2% 14.5% 14.4% 14.4% 13.8% 15.2% 15.3% 14.2% 13.5% 12.7%
Net margin 8.4% 8.6% 10.3% 10.2% 9.7% 10.9% 10.9% 9.9% 9.3% 8.6%
Free cash flow margin 8.6% 10.0% 9.9% 10.0% 12.4% 9.3% 7.3% 11.8% 10.2% 7.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow9.78Capital expenditure−1.62Free cash flow8.16Buybacks−6.88Dividends paid−3.40Fiscal year 2018Operating cash flow12.03Capital expenditure−1.90Free cash flow10.13 +24.2%Buybacks−8.00Dividends paid−4.21Fiscal year 2019Operating cash flow13.17Capital expenditure−2.44Free cash flow10.72 +5.8%Buybacks−9.96Dividends paid−4.70Fiscal year 2020Operating cash flow13.69Capital expenditure−2.68Free cash flow11.01 +2.7%Buybacks−6.97Dividends paid−5.96Fiscal year 2021Operating cash flow18.84Capital expenditure−2.46Free cash flow16.38 +48.8%Buybacks−0.79Dividends paid−6.45Fiscal year 2022Operating cash flow16.57Capital expenditure−2.57Free cash flow14.01 −14.5%Buybacks−14.81Dividends paid−6.99Fiscal year 2023Operating cash flow14.62Capital expenditure−3.12Free cash flow11.50 −17.9%Buybacks−6.70Dividends paid−7.79Fiscal year 2024Operating cash flow21.17Capital expenditure−3.23Free cash flow17.95 +56.1%Buybacks−7.95Dividends paid−8.38Fiscal year 2025Operating cash flow19.81Capital expenditure−3.49Free cash flow16.33 −9.0%Buybacks−0.65Dividends paid−8.93Fiscal year 2026Operating cash flow16.33Capital expenditure−3.68Free cash flow12.65 −22.5%Buybacks0.00Dividends paid−9.15
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 9.78 12.03 13.17 13.69 18.84 16.57 14.62 21.17 19.81 16.33
Capital expenditure −1.62 −1.90 −2.44 −2.68 −2.46 −2.57 −3.12 −3.23 −3.49 −3.68
Free cash flow 8.16 10.13 10.72 11.01 16.38 14.01 11.50 17.95 16.33 12.65
Growth +24.2% +5.8% +2.7% +48.8% −14.5% −17.9% +56.1% −9.0% −22.5%
Buybacks −6.88 −8.00 −9.96 −6.97 −0.79 −14.81 −6.70 −7.95 −0.65 0.00
Dividends paid −3.40 −4.21 −4.70 −5.96 −6.45 −6.99 −7.79 −8.38 −8.93 −9.15

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash2.54Shareholders’ equity4.33Fiscal year 2018Cash3.60Shareholders’ equity1.45Fiscal year 2019Cash1.78Shareholders’ equity−1.88Fiscal year 2020Cash2.13Total debt29.50Net cash (debt)−27.37Shareholders’ equity−3.12Fiscal year 2021Cash7.90Total debt34.75Net cash (debt)−26.86Shareholders’ equity3.30Debt to equity10.53Fiscal year 2022Cash2.34Total debt36.40Net cash (debt)−34.06Shareholders’ equity−1.70Fiscal year 2023Cash2.76Total debt41.15Net cash (debt)−38.39Shareholders’ equity1.56Debt to equity26.34Fiscal year 2024Cash3.76Total debt42.15Net cash (debt)−38.39Shareholders’ equity1.04Debt to equity40.37Fiscal year 2025Cash1.66Total debt51.37Net cash (debt)−49.71Shareholders’ equity6.64Debt to equity7.74Fiscal year 2026Cash1.39Total debt49.40Net cash (debt)−48.01Shareholders’ equity12.81Debt to equity3.86
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 2.54 3.60 1.78 2.13 7.90 2.34 2.76 3.76 1.66 1.39
Total debt n/a n/a n/a 29.50 34.75 36.40 41.15 42.15 51.37 49.40
Net cash (debt) n/a n/a n/a −27.37 −26.86 −34.06 −38.39 −38.39 −49.71 −48.01
Shareholders’ equity 4.33 1.45 −1.88 −3.12 3.30 −1.70 1.56 1.04 6.64 12.81
Debt to equity n/a n/a n/a n/a 10.53 n/a 26.34 40.37 7.74 3.86

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending February, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Jan 2017 FY2018 28 Jan 2018 FY2019 3 Feb 2019 FY2020 2 Feb 2020 FY2021 31 Jan 2021 FY2022 30 Jan 2022 FY2023 29 Jan 2023 FY2024 28 Jan 2024 FY2025 2 Feb 2025 FY2026 1 Feb 2026
Revenue and profit
94.60 100.90 108.20 110.23 132.11 151.16 157.40 152.67 159.51 164.68
Growth +6.7% +7.2% +1.9% +19.9% +14.4% +4.1% −3.0% +4.5% +3.2%
62.28 66.55 71.04 72.65 87.26 100.33 104.63 101.71 106.21 109.82
32.31 34.36 37.16 37.57 44.85 50.83 52.78 50.96 53.31 54.87
Growth +6.3% +8.2% +1.1% +19.4% +13.3% +3.8% −3.4% +4.6% +2.9%
17.13 17.86 19.51 19.74 24.45 25.41 26.28 26.60 28.75 30.70
13.43 14.68 15.53 15.84 18.28 23.04 24.04 21.69 21.53 20.89
Growth +9.3% +5.8% +2.0% +15.4% +26.1% +4.3% −9.8% −0.8% −3.0%
12.49 13.70 14.56 14.72 16.98 21.74 22.48 19.92 19.41 18.60
4.53 5.07 3.44 3.47 4.11 5.30 5.37 4.78 4.60 4.45
7.96 8.63 11.12 11.24 12.87 16.43 17.11 15.14 14.81 14.16
Growth +8.5% +28.9% +1.1% +14.4% +27.7% +4.1% −11.5% −2.2% −4.4%
Per share
6.47 7.33 9.78 10.29 11.98 15.59 16.74 15.16 14.96 14.26
6.45 7.29 9.73 10.25 11.94 15.53 16.69 15.11 14.91 14.23
Growth +13.0% +33.5% +5.3% +16.5% +30.1% +7.5% −9.5% −1.3% −4.6%
1,229 1,178 1,137 1,093 1,074 1,054 1,022 999.0 990.0 993.0
1,234 1,184 1,143 1,097 1,078 1,058 1,025 1,002 993.0 995.0
Growth −4.1% −3.5% −4.0% −1.7% −1.9% −3.1% −2.2% −0.9% +0.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.5% a year over five years, and earnings per share grew 3.6% a year.
  • The diluted share count fell 7.7% in five years, so buybacks did some of the work per share.
  • Operating margin is down 1.2 points on five years ago, at 12.7%.
  • Profitable in every one of the 10 years on file.