— Know what they know.
/
Not Investment Advice

HD

NYSE · USD
The Home Depot, Inc.
Consumer Cyclical · Home Improvement
CEO Edward Decker Employees 472,400 R&D / revenue 0.0%
Last price
$309.63+0.45%last session
Market cap
$308.9B
P/E (TTM)
21.6x
From 52w high
−22.1%
From 52w low
+11.7%
1-year return
−19.6%
RSI 14 · vs SMA200
60.1 · −7.8%
IS score
55.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

HD   SPY   XLY (sector ETF) · weekly closes
708090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97HD 80

Score DNA

Each bar is a 0-100 score within the scored universe
60
Profitability
51
Growth
42
Value
70
Momentum
100
Risk (safety)
54
Quality
37
Balance sheet
87
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: None, Efficient ScalePiotroski 5 / 9Altman Z 5.6Beta 0.953 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
4 open-market sales, $3.3M
Form 144 notices (12m): 9, $8.1M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
18
Last disclosed purchase 2026-09-22
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−23
213 new holders, 181 closed
4,128 filers hold 77.5% · 1,707 added, 1,791 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+457
1,726 funds adding shares
1,269 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
35.1%
20-day avg 28.2%, 50-day avg 33.1%
Latest 6.9 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$164.7B
Revenue growth YoY+3.2%
Gross margin33.3%
Operating income$20.9B
Operating margin12.7%
Net income$14.2B
Net margin8.6%
EPS (diluted)$14.23
Cash flow
Operating cash flow$16.3B
Capital expenditure$3.7B
Free cash flow$12.6B
FCF conversion (FCF / OCF)77.5%
Stock-based compensation$522.0M
FCF less SBC$12.1B
Buybacks$0
Dividends$9.2B
Balance sheet & returns
Cash & short-term investments$1.4B
Total debt$55.8B
Net debt$54.4B
Shareholders' equity$12.8B
Goodwill & intangibles$32.7B
Debt / equity3.77
ROE (TTM)102.7%
ROIC (TTM)18.8%
Operating margin by fiscal year
15.2%FY202115.3%FY202214.2%FY202313.5%FY202412.7%FY2025
Revenue $151.2B (FY2021) to $164.7B (FY2025), a 2.2% CAGR.

Valuation

P/E (TTM)21.6x
EV / EBITDA14.5x
Price / sales1.83x
Price / FCF20.5x
FCF yield4.89%
Buyback yield0.00%
SBC / revenue0.3%
Price / book18.52x
Forward P/E FY202720.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $370.10 across 10 analysts last quarter is theirs, not ours.

HD vs industry median

22 companies in Home Improvement
Gross margin 33.2% 33.9% Operating margin 12.4% 6.6% Net margin 8.4% 4.2% ROIC 18.8% 5.6%
HD (TTM)Industry median Asset turnover 1.55 vs industry 1.32 · financial leverage 6.58

Earnings delivery

Next report 2026-11-17 · consensus EPS $3.84
75%
beat rate, 9 of 12 quarters
+1.1%
median EPS surprise
6
longest beat streak
+1+2+1+2+1+3-1-1-2+8+1+4
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-14 to 2026-08-18. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
HD The Home Depot, Inc. $308.9B21.6x102.7%8.4%+3.2% −19.6%
LOW Lowe's Companies, Inc. $110.7B16.7x-70.5%9.2%+8.2% −18.4%
MCD McDonald's Corporation $171.9B19.7x-464.6%33.3%+6.3% −20.0%
TJX The TJX Companies, Inc. $162.0B27.2x62.2%10.0%+7.7% +3.6%
BKNG Booking Holdings Inc. $122.8B18.0x-82.7%26.5%+12.9% −16.7%
SBUX Starbucks Corporation $111.2B56.0x-25.8%11.2%+4.5% —
ABNB Airbnb, Inc. $104.0B39.3x34.5%22.6%+13.6% —
MAR Marriott International, Inc. $101.2B40.4x-69.1%10.8%+4.7% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-08-21Officer/Director Change
2026-08-18Earnings Release; Exhibits
2026-08-12Officer/Director Change; Regulation FD; Exhibits
2026-05-26Bylaws Amendment; Shareholder Vote; Exhibits
2026-05-19Earnings Release; Exhibits
2026-02-24Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding997,689,626
Free float99.8%
Institutional ownership77.5%
Beta0.95
Dividend yield3.00%
Last dividend$2.33 on 2026-09-03
50 / 200-day average$313.97 / $336.47
Mega-cap Consumer Cyclical median P/E26.2x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where HD sits among 5 scored companies in Home Improvement (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureHDIndustry medianIndustry percentileSector median
P/E (TTM) 21.7x 21.7x
50th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.8x 1.0x
100th		 1.0x
Price / book 18.6x — 2.4x
Price / tangible book —
Price / free cash flow 20.5x 15.8x
75th		 15.2x
Price / operating cash flow 16.5x 9.5x
100th		 10.2x
Enterprise value $369.4B $6.5B
100th		 $5.6B
EV / sales 2.2x 1.4x
100th		 1.4x
EV / EBITDA 14.8x 11.8x
100th		 11.4x
EV / EBIT 17.5x 18.4x
25th		 16.0x
EV / free cash flow 24.5x 21.3x
75th		 21.0x
Earnings yield 4.6% 4.6%
50th		 4.8%
FCF yield 4.9% 6.3%
25th		 5.9%
Operating cash flow yield 6.1% 10.5%
0th		 9.3%
Graham number (per share) $73.23 — $33.39

Profitability (TTM)

MeasureHDIndustry medianIndustry percentileSector median
Gross margin 33.2% 44.9%
25th		 34.2%
EBITDA margin 14.8% 11.7%
100th		 11.7%
Operating margin 12.4% 6.6%
100th		 8.7%
EBIT margin 12.5% 6.6%
100th		 8.2%
Net margin 8.4% 4.9%
100th		 4.9%
NOPAT margin 9.4% 5.1%
100th		 6.8%
FCF margin 8.9% 5.1%
100th		 6.5%
Operating cash flow margin 11.1% 10.2%
100th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 18.8% 38.1%
0th		 17.2%
Stock comp / revenue 0.3% 0.5%
25th		 0.6%
Effective tax rate 24.1% 24.2%
25th		 22.4%

Returns on capital

MeasureHDIndustry medianIndustry percentileSector median
ROE (on average equity) 104.3% — 12.8%
ROA 13.6% 4.2%
100th		 4.4%
ROIC 20.7% 5.7%
75th		 9.3%
ROCE 28.4% 7.0%
75th		 9.9%
Return on tangible assets 20.2% 5.6%
100th		 7.4%
Cash ROIC (OCF / invested capital) 24.4% 14.4%
75th		 14.4%
Gross profitability (GP / assets) 51.4% 55.2%
25th		 31.6%
ROIC, 3-yr average 20.6% 5.1%
75th		 7.4%
ROIC, 5-yr average 31.1% — 9.1%
ROE, 5-yr average 1,779.5% — 15.8%
Incremental ROIC 67.4% 67.4%
50th		 11.2%

Growth

MeasureHDIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 2.5% 8.0%
25th		 6.0%
Revenue growth (QoQ) 14.6% 8.5%
100th		 6.6%
Revenue CAGR, 3 yr 3.0% -1.0%
100th		 3.0%
Revenue CAGR, 5 yr 3.2% -0.9%
75th		 5.9%
Gross profit CAGR, 3 yr 2.7% 1.7%
75th		 3.3%
Operating income CAGR, 3 yr -3.0% -7.2%
100th		 2.1%
Net income growth (TTM YoY) -2.7% -3.1%
75th		 4.7%
Net income CAGR, 3 yr -4.3% -7.0%
75th		 1.4%
EPS growth (TTM YoY) -2.9% -3.1%
75th		 7.6%
EPS CAGR, 3 yr -4.1% -7.1%
75th		 3.4%
EPS CAGR, 5 yr -0.1% -4.1%
75th		 2.9%
FCF growth (TTM YoY) 6.1% 46.9%
25th		 26.3%
FCF CAGR, 3 yr -2.5% 52.4%
0th		 6.5%
Operating cash flow CAGR, 3 yr -1.5% -2.2%
75th		 6.7%
Book value CAGR, 3 yr 132.3% — 8.1%
Dividend CAGR, 3 yr 0.9% — 3.2%
Sustainable growth rate 36.7% — 12.2%

Margin history & stability

MeasureHDIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 33.4% 42.9%
25th		 34.9%
Operating margin, 3-yr average 13.1% 6.1%
100th		 8.0%
Net margin, 3-yr average 9.0% 4.8%
100th		 4.8%
FCF margin, 3-yr average 9.5% 4.9%
100th		 5.7%
Revenue stability (0-1) 0.89 0.63
100th		 0.80
Earnings stability (0-1) 0.48 0.61
25th		 0.43
Margin stability (0-1) 0.99 0.97
100th		 0.92

Liquidity (latest quarter)

MeasureHDIndustry medianIndustry percentileSector median
Cash & short-term investments $2.1B $320.6M
75th		 $278.1M
Net cash (− = net debt) −$60.5B −$1.7B
0th		 −$1.2B
Working capital $2.7B $432.8M
100th		 $298.0M
Current ratio 1.08 1.33
0th		 1.49
Quick ratio 0.31 0.45
25th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.06 0.25
0th		 0.31
Defensive interval (days) 94 days 85 days
75th		 290 days

Leverage & solvency (latest quarter)

MeasureHDIndustry medianIndustry percentileSector median
Total debt $62.6B $2.0B
100th		 $1.8B
Debt / equity 3.77 — 1.04
Net debt / equity 3.64 — 0.78
Debt / assets 57.2% 35.2%
75th		 39.7%
Debt / capital 79.0% — 51.0%
Debt / EBITDA 2.50 3.64
0th		 3.26
Net debt / EBITDA 2.42 2.42
50th		 2.42
Interest coverage (EBIT / interest) 8.8x 26.5x
25th		 5.1x
Cash interest coverage 7.8x 43.1x
25th		 6.0x
Debt payback (years of OCF) 3.3 yrs 3.8 yrs
0th		 3.8 yrs
Liabilities / assets 84.8% 56.3%
75th		 68.1%
IS credit model rating A — —
Implied credit spread (bps) 150 150
50th		 275

Efficiency

MeasureHDIndustry medianIndustry percentileSector median
Asset turnover 1.62 1.20
75th		 1.00
Fixed asset turnover 4.52 2.03
100th		 3.73
Inventory turnover 4.4 3.1
100th		 5.3
Receivables turnover 27.6 — 19.9
Days sales outstanding 13 days 2 days
100th		 18 days
Days inventory outstanding 83 days 116 days
0th		 68 days
Days payables outstanding 43 days 43 days
50th		 42 days
Cash conversion cycle (days) 54 days 65 days
25th		 44 days
Capex / revenue 2.2% 2.7%
0th		 3.1%
Capex / depreciation 0.95 0.95
75th		 0.89
Operating expense ratio 19.4% 38.3%
25th		 24.8%

Cash flow & earnings quality

MeasureHDIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.32 2.18
0th		 1.76
FCF / net income 1.06 1.06
50th		 1.18
FCF / operating cash flow 80.4% 65.2%
100th		 70.1%
Capex / operating cash flow 19.6% 34.8%
0th		 29.9%
Accruals ratio -4.3% -5.1%
100th		 -5.7%
Sloan accruals ratio -5.4% -5.1%
0th		 -3.6%
Earnings quality score (0-1) 1.00 0.75
75th		 0.75

Dividends & buybacks

MeasureHDIndustry medianIndustry percentileSector median
Dividend yield 3.0% 3.0%
50th		 0.8%
Dividend per share (TTM) $9.29 $1.32
100th		 $0.40
Payout ratio (dividends / net income) 64.8% 64.8%
50th		 17.8%
Dividends / FCF 61.1% 53.4%
100th		 11.6%
Dividend growth (YoY) 1.8% — 4.8%
Buyback yield 0.0% 1.4%
0th		 1.6%
Shareholder yield (dividends + buybacks) 3.0% 3.0%
50th		 3.7%
Share count change (YoY) 0.2% 0.0%
100th		 -0.9%
Buybacks, last 5 years $0 $46.9M
0th		 $198.3M

Scores & forensic checks

MeasureHDIndustry medianIndustry percentileSector median
IS score 56 53
75th		 50
IS profitability 60 38
100th		 38
IS growth 51 48
75th		 53
IS value 42 43
25th		 50
IS momentum 70 70
50th		 72
IS risk (safety) 100 80
100th		 65
IS quality 54 66
0th		 63
IS balance sheet 37 62
25th		 48
IS earnings quality 87 86
75th		 77
IS cash flow 57 57
50th		 56
Piotroski F-score (0-9) 5 6
0th		 6
Altman Z-score 5.6 3.2
100th		 2.8
Beneish M-score −2.46 −2.46
50th		 −2.69
Ohlson O-score −7.19 −6.81
25th		 −6.83
IS credit score 71 71
50th		 58

Per share

MeasureHDIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $14.28 $2.15
100th		 $2.05
Book value per share $16.68 $17.90
25th		 $14.46
Tangible book per share −$16.87 $18.68
25th		 $3.70
Revenue per share $169.86 $47.51
100th		 $46.29
FCF per share $15.16 $2.41
100th		 $2.72
Operating cash flow per share $18.85 $4.67
100th		 $4.86
Cash per share $2.09 $6.08
0th		 $3.59

Size (TTM)

MeasureHDIndustry medianIndustry percentileSector median
Market cap $308.9B $4.8B
100th		 $3.6B
Revenue $169.2B $4.7B
100th		 $3.9B
EBITDA $25.0B $552.6M
100th		 $442.3M
Net income $14.2B $232.2M
100th		 $178.6M
Free cash flow $15.1B $211.4M
100th		 $206.3M
Total assets $109.4B $5.7B
100th		 $4.4B
Shareholders' equity $16.6B $294.1M
100th		 $957.6M
Employees 472,400 12,096
100th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-20Scardino Kimberly R
SVP-Finance, CAO & Controller
 Tax withholding 81$299.98$24,2988,108
2026-09-20Broggi Jordan
EVP-Interconnected Retail
 Tax withholding 130$299.98$38,99710,867
2026-09-20Brown Angie
EVP & CIO
 Tax withholding 96$299.98$28,7986,701
2026-09-20Deaton John A.
EVP - Supply Chain & Prod. Dev
 Tax withholding 344$299.98$103,19316,205
2026-09-20Mcphail Richard V
EVP & CFO
 Tax withholding 554$299.98$166,18949,050
2026-09-20Smith Stephanie
EVP - Human Resources
 Tax withholding 130$299.98$38,9977,782
2026-09-10Scardino Kimberly R
SVP-Finance, CAO & Controller
 Open-market sale 675$305.95$206,5168,189
2026-08-28Roseborough Teresa Wynn
EVP, Gen. Counsel & Corp. Sec.
 Open-market sale 2,455$328.77$807,13014,061
2026-08-26Rowe Michael F.
EVP, Pro
 Open-market sale 710$336.76$239,1006,838
2026-08-20Broggi Jordan
EVP-Interconnected Retail
 Award / grant 1,494——10,996
2026-08-20Bastek William D
EVP, Merchandising
 Award / grant 1,494——26,789
2026-08-20Mcphail Richard V
EVP & CFO
 Award / grant 1,494——49,598

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2567,256—
Open-market saleDisposed49,829$3.3M
Option exerciseDisposed15,989$882,539
Option exerciseAcquired15,989$882,539
OtherDisposed1714—
Tax withholdingDisposed61,335$400,473
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 9 notices · 23,171 shares · $8.1M
FiledFilerShares proposedEst. proceeds
2026-09-10Kimberly R Scardino675$206,513
2026-08-28Teresa W Roseborough2,455$807,137
2026-08-26Michael F. Rowe710$239,098
2026-08-19Richard V. Mcphail10,025$3.5M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 109 trades (53 purchases) · Senate 8 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-10-08Rick LarsenHouseSale$1,001 - $15,0002026-10-13
2026-09-25Ro KhannaHouseSale$15,001 - $50,0002026-10-09
2026-09-23Kevin HernHouseSale$1,001 - $15,0002026-10-14
2026-09-23Kevin HernHouseSale (Full)$1,001 - $15,0002026-10-13
2026-07-09John BoozmanSenateSale$1,001 - $15,0002026-08-17
2026-07-09John BoozmanSenateSale (Full)$1,001 - $15,0002026-08-17
2026-07-09John BoozmanSenateSale (Full)$1,001 - $15,0002026-08-16
2026-02-23Sheldon WhitehouseSenateSale$1,001 - $15,0002026-03-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.81,578,902$28.8B8.18%
VANGUARD CAPITAL MANAGEMENT LLC65,076,088$23.0B6.52%
STATE STREET CORP47,175,026$16.6B4.73%
VANGUARD PORTFOLIO MANAGEMENT LLC25,751,551$9.1B2.58%
GEODE CAPITAL MANAGEMENT, LLC25,263,448$8.9B2.53%
MORGAN STANLEY21,799,162$7.7B2.18%
FMR LLC18,088,396$6.4B1.81%
Capital Research Global Investors16,802,396$5.9B1.68%
BANK OF AMERICA CORP /DE/16,390,122$5.8B1.64%
NORGES BANK13,383,376$4.7B1.34%
Capital World Investors13,174,621$4.6B1.32%
PRICE T ROWE ASSOCIATES INC /MD/11,104,365$3.9B1.11%
Fisher Asset Management, LLC10,360,718$3.7B1.04%
JPMORGAN CHASE & CO8,362,080$2.9B0.84%
NORTHERN TRUST CORP7,829,765$2.8B0.78%

Institutional ownership by quarter

2023-092026-0677.5%
% of shares held by 13F filers
2023-092026-064,128
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-304,12877.5%2131,7071,791181
2026-03-314,15173.4%2171,7471,761181
2025-12-314,18173.3%4351,5231,834228
2025-09-304,07470.9%2531,7701,567119
2025-06-304,00972.0%2061,7701,584138
2025-03-314,00571.6%1931,7391,660176
2024-12-314,06571.4%5041,6141,516107
2024-09-303,74971.5%2521,5971,481108
2024-06-303,64870.6%1971,6151,419166
2024-03-313,67271.0%2351,5101,530107
2023-12-313,60070.7%4381,3791,439131
2023-09-303,35070.3%1731,4201,34192

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%74,847,725
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-12-03SCHEDULE 13G/AThe Vanguard Group10.0%100,011,247
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.39%$9.0B
VTI0.39%$9.0B
VSMPX0.39%$9.0B
VTSAX0.39%$9.0B
VOO0.43%$7.4B
VFIAX0.43%$7.4B

Share structure

Shares outstanding997,689,626
Float995,983,577
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$151.2B$157.4B$152.7B$159.5B$164.7B
Cost of revenue$100.3B$104.6B$101.7B$106.2B$109.8B
Gross profit$50.8B$52.8B$51.0B$53.3B$54.9B
R&D$0$0$0$0$0
SG&A$25.4B$26.3B$26.6B$28.7B$30.7B
Operating income$23.0B$24.0B$21.7B$21.5B$20.9B
EBITDA$25.9B$27.1B$25.1B$25.4B$24.3B
Pretax income$21.7B$22.5B$19.9B$19.4B$18.6B
Income tax$5.3B$5.4B$4.8B$4.6B$4.4B
Net income$16.4B$17.1B$15.1B$14.8B$14.2B
EPS, diluted$15.53$16.69$15.11$14.91$14.23
Diluted shares1.1B1.0B1.0B993.0M997.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$2.3B$2.8B$3.8B$1.7B$1.4B
Receivables$3.4B$3.3B$3.3B$4.9B$5.6B
Inventory$22.1B$24.9B$21.0B$23.5B$25.8B
Total current assets$29.1B$32.5B$29.8B$31.7B$34.4B
PP&E, net$31.2B$32.6B$34.0B$35.3B$37.2B
Goodwill & intangibles$7.4B$7.4B$12.1B$28.5B$32.7B
Total assets$71.9B$76.4B$76.5B$96.1B$105.1B
Accounts payable$13.5B$11.4B$10.0B$11.9B$11.5B
Total current liabilities$28.7B$23.1B$22.0B$28.7B$32.4B
Long-term debt$36.6B$42.0B$42.7B$48.5B$46.3B
Total liabilities$73.6B$74.9B$75.5B$89.5B$92.3B
Shareholders' equity−$1.7B$1.6B$1.0B$6.6B$12.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$16.4B$17.1B$15.1B$14.8B$14.2B
Depreciation & amortization$2.9B$3.0B$3.2B$3.8B$4.1B
Stock-based compensation$399.0M$366.0M$380.0M$442.0M$522.0M
Change in working capital−$3.3B−$6.1B$2.1B$694.0M−$3.1B
Operating cash flow$16.6B$14.6B$21.2B$19.8B$16.3B
Capital expenditure−$2.6B−$3.1B−$3.2B−$3.5B−$3.7B
Free cash flow$14.0B$11.5B$17.9B$16.3B$12.6B
Investing cash flow−$3.0B−$3.1B−$4.7B−$21.0B−$9.0B
Net debt issued / repaid$2.5B$3.4B$724.0M$8.8B$1.3B
Buybacks−$14.8B−$6.7B−$8.0B−$649.0M$0
Dividends paid−$7.0B−$7.8B−$8.4B−$8.9B−$9.2B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin33.6%33.5%33.4%33.4%33.3%
Operating margin15.2%15.3%14.2%13.5%12.7%
Net margin10.9%10.9%9.9%9.3%8.6%
FCF margin9.3%7.3%11.8%10.2%7.7%
ROE2,050.3%-25,529.9%1,162.2%385.4%145.5%
ROIC41.2%37.2%33.3%24.4%20.7%
ROA23.1%23.1%19.8%17.2%14.1%
Debt / equity-27.2832.2450.049.385.10
Interest coverage17.1x14.9x11.3x9.4x8.7x
Current ratio1.011.411.351.111.06
Revenue growth+14.4%+4.1%−3.0%+4.5%+3.2%
EPS growth+32.0%+6.6%−9.3%−2.2%−4.7%
P/E at year end21.1x17.9x22.1x27.0x26.4x
EV / EBITDA at year end15.0x13.1x15.2x18.1x18.0x
FCF yield at year end4.05%3.76%5.37%4.09%3.39%
Dividend payout42.5%45.5%55.4%60.3%64.7%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Major Product Line - Building Materials$55.0B$59.5B$52.7B$52.8B—
Major Product Line, Décor$50.4B$52.3B$51.9B$51.8B—
Major Product Line - Hardlines$45.7B$45.5B$48.1B$48.6B—
Appliances————$14.0B
Power————$13.2B
Other Segment———$6.4B$12.7B
Plumbing————$12.5B
Building Materials————$12.4B
Lumber————$11.4B
Paint————$11.0B
Outdoor Garden————$10.5B
Indoor Garden————$10.2B
Hardware————$9.0B
Flooring————$8.2B
Millwork————$8.2B
Electrical/Lighting————$8.0B
Bath————$6.5B
Storage & Organization————$5.1B
Lighting————$4.0B

Revenue by region · FY2025

UNITED STATES$152.2B · 92%
Non-US$12.5B · 8%

Street estimates by fiscal year

Next report 2026-11-17 · consensus EPS $3.84 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$164.6B$164.2B – $165.6B$14.49$14.42 – $14.632121.4x
2026$164.6B$164.2B – $165.4B$14.49$14.42 – $14.632421.4x
2027$171.2B$168.8B – $177.8B$15.09$14.75 – $15.962220.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-18$4.73$4.92+4.0%$47.2B$47.9B+1.3%
2026-05-19$3.41$3.43+0.6%$41.6B$41.8B+0.4%
2026-02-24$2.53$2.72+7.5%$38.1B$38.2B+0.3%
2025-11-18$3.83$3.74−2.3%$41.2B$41.4B+0.5%
2025-08-19$4.72$4.68−0.8%$45.4B$45.3B−0.3%
2025-05-20$3.60$3.56−1.1%$39.3B$39.9B+1.4%
2025-02-25$3.04$3.13+3.0%$39.2B$39.7B+1.4%
2024-11-12$3.64$3.67+0.8%$39.3B$40.2B+2.3%
2024-08-13$4.49$4.60+2.4%$42.6B$43.2B+1.4%
2024-05-14$3.60$3.63+0.8%$36.6B$36.4B−0.6%
2024-02-20$2.77$2.82+1.8%$34.6B$34.8B+0.4%
2023-11-14$3.76$3.81+1.3%$35.7B$37.7B+5.7%
2023-08-15$4.45$4.65+4.5%$42.2B$42.9B+1.6%
2023-05-16$3.80$3.82+0.5%$38.3B$37.3B−2.7%
2023-02-21$3.28$3.30+0.6%$36.0B$35.8B−0.4%
2022-11-15$4.12$4.24+2.9%$38.0B$38.9B+2.4%
2022-08-16$4.94$5.05+2.2%$43.4B$43.8B+1.0%
2022-05-17$3.68$4.09+11.1%$36.7B$38.9B+6.0%
2022-02-22$3.18$3.21+0.9%$34.9B$35.7B+2.4%
2021-11-16$3.40$3.92+15.3%$34.9B$36.8B+5.6%
2021-08-17$4.44$4.53+2.0%$34.5B$41.1B+19.2%
2021-05-18$3.08$3.86+25.3%—$37.5B—
2021-02-23$2.62$2.65+1.1%$31.9B$32.3B+1.2%
2020-11-17$3.06$3.18+3.9%—$33.5B—

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
1.706-152.306-221.506-291.607-061.607-131.507-201.807-271.308-031.208-102.008-170.908-241.008-31
Week ofNotionalSharesTrades
2026-08-31$984.0M3,062,725105,831
2026-08-24$866.3M2,594,26099,455
2026-08-17$2.0B5,860,593162,590
2026-08-10$1.2B3,461,951121,377
2026-08-03$1.3B3,843,958137,249
2026-07-27$1.8B5,325,505147,946

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1535.1%
DateShort shareShort volumeTotal volume
2026-10-1535.1%991,9902,823,781
2026-10-1425.8%534,7632,068,996
2026-10-1343.4%803,9041,853,609
2026-10-1236.4%571,5681,568,180
2026-10-0931.4%582,8121,855,489
2026-10-0833.8%841,0042,485,976
2026-10-0730.7%605,1041,971,155
2026-10-0623.3%461,9951,979,905
2026-10-0526.3%516,4661,964,919
2026-10-0229.7%560,0471,886,060
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+2.0Jan-0.8Feb+0.9Mar+2.6Apr-1.1May-0.2Jun+2.3Jul+2.9Aug+0.7Sep-0.3Oct+4.4Nov+1.5Dec
MonthAvg returnUp yearsYears
Jan+2.0%70%20
Feb−0.8%50%20
Mar+0.9%57%21
Apr+2.6%60%20
May−1.1%40%20
Jun−0.2%60%20
Jul+2.3%65%20
Aug+2.9%65%20
Sep+0.7%60%20
Oct−0.3%50%20
Nov+4.4%80%20
Dec+1.5%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1460.1
MFI52.2
ADX25.4
Stochastic %K / %D91.9 / 84.4
Williams %R-13.4
CCI201
TSI / signal-10.5 / -27.3
Chaikin money flow-0.03
ATR$6.84
Bollinger width10.9%
Volume vs 20-day avg1.07x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$292.51 (+5.9%)
SMA 50$312.69 (−1.0%)
SMA 200$335.94 (−7.8%)
EMA 21$297.43 (+4.1%)
EMA 50$307.58 (+0.7%)
EMA 200$331.58 (−6.6%)
Bollinger upper$308.42 (+0.4%)
Bollinger lower$276.59 (+11.9%)
Parabolic SAR$281.45 (+10.0%)
Open the live chart, 110+ indicators

About The Home Depot, Inc.

The Home Depot, Inc. operates as a prominent retailer specializing in home renovation and improvement. Through its expansive network of "The Home Depot" stores, it furnishes consumers with an extensive array of goods, including building materials, home enhancement products, lawn and garden supplies, decorative items, and facilities maintenance, repair, and operational (MRO) supplies. In addition to selling products, the company extends professional installation services for key home features like flooring, cabinetry (including makeovers), countertops, furnaces and central air conditioning systems, and window replacements. Customers can also access tool and equipment rental options. Its diverse clientele includes both individual homeowners and a broad spectrum of professional clients, such as renovators, general contractors, maintenance personnel, handymen, property managers, building service contractors, and specialized tradespeople like electricians, plumbers, and painters. The firm also distributes its merchandise through several online platforms, notably homedepot.com, along with specialized sites such as blinds.com for bespoke window coverings and thecompanystore.com for home textiles and decorative goods. By the end of 2021, the corporation operated a total of 2,317 outlets across the United States. Incorporated in 1978, The Home Depot, Inc. maintains its corporate headquarters in Atlanta, Georgia.

https://www.homedepot.com

Key executives

NameTitlePayBorn
Edward DeckerChairman, President & CEO (Leave of Absence)$4.2M1963
Ann-Marie CampbellSenior Executive Vice President$2.4M1966
Richard V. McPhailExecutive Vice President & Chief Financial Officer$2.0M1970
Teresa Wynn RoseboroughExecutive Vice President, General Counsel & Corporate Secretary$1.6M1959
William D. BastekExecutive Vice President of Merchandising$1.6M1967
Jordan BroggiExecutive Vice President of Interconnected Retail$1.5M1984
Angie BrownExecutive Vice President & Chief Information Officer$85,0001976
Kimberly R. ScardinoSVP of Finance, Chief Accounting Officer & Controller—1971

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Craig A. Menear Chairman, Chief Executive Officer & President2014$991,104$2.3M$2.1M$10.2M
Francis S. Blake Former Chairman & Chief Executive Officer2014$987,000$4.9M$1.5M$9.9M
Carol B. Tomé Chief Financial Officer & Executive Vice President – Corporate Services2014$1.0M$2.4M$1.3M$6.0M
Mark Q. Holifield Executive Vice President – Supply Chain & Product Development2014$737,300$1.6M$759,652$4.1M
Matthew A. Carey Executive Vice President & Chief Information Officer2014$690,846$1.5M$705,703$3.6M
Marvin R. Ellison Former Executive Vice President – U.S. Stores2014$549,923$1.9M$0$3.4M

Employees

413k2019416k2020505k2021491k2022472k2023463k2024470k2025472k2026

Dividends

Ex-dateAmountPaid
2026-09-03$2.332026-09-17
2026-06-04$2.332026-06-18
2026-03-12$2.332026-03-26
2025-12-04$2.32025-12-18
2025-09-04$2.32025-09-18
2025-06-05$2.32025-06-18
2025-03-13$2.32025-03-27
2024-11-27$2.252024-12-12

Moat model

None · Efficient Scale · 2026-08-02
Cost advantage30
Intangibles26
Switching costs12
Network effect50
Efficient scale100
Our component scores (0-100) and overall 38.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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