HD
SP100NYSEThe Home Depot, Inc.
Consumer Cyclical · Home Improvement Retail · United States
The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, baths, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, windows, and window coverings. In addition, it provides tool and equipment rental services. The company serves consumers, such as do-it-yourself homeowners and do-it-for-me customers; and professional renovators/remodelers, general contractors, homebuilders, maintenance professionals, handymen, property managers, building service contractors and specialty tradespeople, such as electricians, landscapers, insulation installers, plumbers, painters, pool contractors, roofers, and wallboard and ceiling installers. It sells its products through websites and its mobile applications, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, justblinds.com, and americanblinds.com for custom window coverings; constructionresourcesusa.com or design-oriented surfaces, appliances, and architectural specialty products; thecompanystore.com, an online site for textiles and décor products; hdsupply.com for maintenance, repair, and operations products and related services; and srsdistribution.com, heritagelandscapesupplygroup.com, heritagepoolsupplygroup.com, and gms.com for roofing and building materials, landscape, and pool products; and The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is headquartered in Atlanta, Georgia.
www.homedepot.com ↗Shares trade at a premium 25.4× trailing earnings, easing to 22.2× on forward estimates. Profitability shows a net margin of 8.4% and return on equity of 128.4%. Leverage is elevated at 2.5× net debt/EBITDA. Revenue grew 4.8% year-on-year. It yields 2.6% in dividends. The mean analyst target of USD370.34 sits 3.5% above the current price (Buy, 32 analysts).
business model
The Home Depot is the largest home-improvement retailer in the US, selling building materials, appliances, tools, decor, and related products through large-format stores, its website, and its app. It serves both do-it-yourself consumers and professional contractors (Pros), and increasingly emphasizes the higher-spend Pro customer and an interconnected omnichannel experience.
revenue segments
Revenue is driven primarily by product sales across categories such as building materials, decor, and hardlines, supplemented by installation and other services. Home Depot reports geographically (US and other), and comparable-store sales, ticket size, and transaction counts are key operating metrics; the acquisition of SRS Distribution expanded its reach into professional trades.
key dependencies
The business depends on the health of the US housing market, home-price appreciation, repair-and-remodel spending, interest rates affecting large-ticket purchases, consumer confidence, and its supply chain and distribution network. Weather and commodity/lumber prices also affect demand and margins.
competitors
Its principal competitor is Lowe's, along with specialty retailers, hardware stores, lumberyards and pro-focused distributors (e.g., Ferguson, Builders FirstSource, SRS peers), and general retailers including Amazon, Walmart, and Costco for certain categories.
moat
Advantages include national scale and purchasing power, a dense store and distribution footprint that supports fast fulfillment, strong brand recognition, an expanding Pro ecosystem with credit and delivery services, and private-label and exclusive product lines.
risks
Results are cyclical and tied to housing turnover, remodeling activity, and interest rates; a weak housing market pressures big-ticket sales. Other risks include margin pressure from wage and freight inflation, competition, e-commerce execution, integration of acquisitions, and inventory management.
Financials & metrics
as of 27 Aug 2026Price is around the middle of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total revenue | $164.68B | $159.51B | $152.67B | $157.40B | — |
| Cost of revenue | $109.82B | $106.21B | $101.71B | $104.63B | — |
| Gross profit | $54.87B | $53.31B | $50.96B | $52.78B | — |
| Operating expense | $33.98B | $31.78B | $29.27B | $28.74B | — |
| Operating income | $20.89B | $21.53B | $21.69B | $24.04B | — |
| Interest expense | $2.41B | $2.32B | $1.94B | $1.62B | — |
| Pretax income | $18.60B | $19.41B | $19.92B | $22.48B | — |
| Tax provision | $4.45B | $4.60B | $4.78B | $5.37B | — |
| Net income | $14.16B | $14.81B | $15.14B | $17.11B | — |
| EBITDA | $25.14B | $25.49B | $25.11B | $27.07B | — |
| Diluted EPS | $14.23 | $14.91 | $15.11 | $16.69 | — |
Balance sheet
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total assets | $105.09B | $96.12B | $76.53B | $76.44B | — |
| Current assets | $34.39B | $31.68B | $29.77B | $32.47B | — |
| Cash & equivalents | $1.39B | $1.66B | $3.76B | $2.76B | — |
| Inventory | $25.82B | $23.45B | $20.98B | $24.89B | — |
| Total liabilities | $92.28B | $89.48B | $75.49B | $74.88B | — |
| Current liabilities | $32.42B | $28.66B | $22.02B | $23.11B | — |
| Total debt | $65.35B | $62.29B | $52.24B | $50.36B | — |
| Long-term debt | $46.34B | $48.48B | $42.74B | $41.96B | — |
| Shareholders' equity | $12.81B | $6.64B | $1.04B | $1.56B | — |
| Retained earnings | $94.54B | $89.53B | $83.66B | $76.90B | — |
| Working capital | $1.97B | $3.02B | $7.76B | $9.36B | — |
Cash flow
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating cash flow | $16.32B | $19.81B | $21.17B | $14.62B | — |
| Investing cash flow | -$8.98B | -$21.03B | -$4.73B | -$3.14B | — |
| Financing cash flow | -$7.71B | -$694.00M | -$15.44B | -$10.99B | — |
| Capital expenditure | -$3.68B | -$3.48B | -$3.23B | -$3.12B | — |
| Free cash flow | $12.65B | $16.32B | $17.95B | $11.50B | — |
| Dividends paid | -$9.15B | -$8.93B | -$8.38B | -$7.79B | — |
| Share buybacks | $0.00 | -$649.00M | -$7.95B | -$6.70B | — |
| End cash position | $1.39B | $1.66B | $3.76B | $2.76B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 27 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
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