FirmAtlas
Company handbook · HD · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
HD · CIK 354950 · LATEST FILING: 10-Q AUG '26 · FILED AUG 25, 2026
HOME DEPOT, INC.
$309.63
+1.39 (+0.45%)
Close, Oct 16, 2026 · 52-week $277–398
The Home Depot runs home improvement stores in the U.S., Canada and Mexico that sell building materials, tools, garden products, appliances and décor, and offers installation services and tool rental. Through SRS and GMS it also distributes roofing, pool, landscaping and building supplies to contractors.
Business
- SegmentsReportable Segment Aggregation Before Other Operating 92% · All Other Segments 8% (FY25)
- ProductsProduct 97% · Service 3% (FY25)
- RegionsUS 92% · Outside US 8% (FY25)
- CustomersDo-it-yourself home owners and professional contractors, builders and property managers; sold in its stores, online, and through SRS and GMS branches and sales staff
- Cash useFY24–FY25: acquisitions $23.1B · dividends $18.1B · capex $7.2B · buybacks $649M
Reinvested 84% of operating cash flow · returned 65% of free cash flow
Last fiscal year
HOME DEPOT, INC. reported revenue of $164.7B for the year ended Feb 1, 2026 (FY25), up 3.2% from FY24. Net income was $14.2B, operating cash flow $16.3B and free cash flow $12.6B. Source: 10-K filed Mar 18, 2026.
Market cap
$308.4B
P/E
21.7
EV/EBITDA
14.7x
P/B
18.6
Div yield
3.00%
ROIC
26.3%
Revenue 1Y
3.2%/yr
EPS 1Y
−4.6%/yr
Shares 1Y
+0.2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOTed Decker
HQAtlanta, GA
AuditorKPMG LLP
Employees472,400
Year endsJanuary
Revenue by segment · FY25
Reportable Segment Aggregation Before Other Operating92%
All Other Segments8%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
9.4%
−2.4%
1.4%
−20.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$48.9B deployed
Capex
$7.2B
14.6%
Acquisitions
$23.1B
47.1%
Dividends
$18.1B
36.9%
Buybacks
$649M
1.3%
Operating cash flow over the period: $36.1B. Total debt changed by −$1.8B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Feb 1, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
159,514
164,683+3.2%
169,176
YoY
+3.2%
Gross profit
53,308
54,865+2.9%
56,177
Gross margin
33.4%
33.3%−0.1 pp
—
Operating income
21,526
20,890−3.0%
21,022
Operating margin
13.5%
12.7%−0.8 pp
—
EBITDA
24,862
24,404−1.8%
—
EBITDA margin
15.6%
14.8%−0.8 pp
—
Interest expense
2,321
2,412+3.9%
—
Interest coverage
10.71x
10.12x−0.59x
—
Net income
14,806
14,156−4.4%
14,227
YoY
−4.4%
Net margin
9.3%
8.6%−0.7 pp
—
EPS (diluted, $)
14.91
14.23−4.6%
14.29
YoY
−4.6%
Balance sheet
Total assets
96,119
105,095+9.3%
109,384
Cash & short-term investments
1,659
1,389−16.3%
—
Accounts receivable
4,903
5,597+14.2%
—
Inventory
23,451
25,817+10.1%
—
Net PP&E
26,702
28,021+4.9%
—
Other assets
39,404
44,271+12.4%
—
Total liabilities
89,479
92,282+3.1%
92,767
Accounts payable
11,938
11,491−3.7%
—
Total debt
53,067
51,308−3.3%
43,951
Other liabilities
24,474
29,483+20.5%
—
Shareholders’ equity
6,640
12,813+93.0%
16,617
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
19,810
16,325−17.6%
18,779
Net income
14,806
14,156−4.4%
—
Depreciation & amortization
3,336
3,514+5.3%
—
Stock-based compensation
442
522+18.1%
—
Working capital & other
1,226
(1,867)−252.3%
—
Cash from investing
(21,031)
(8,980)n/m
—
Capex
(3,485)
(3,679)n/m
—
Acquisitions
(17,644)
(5,410)n/m
—
Other investing
98
109+11.2%
—
Cash from financing
(694)
(7,714)n/m
—
Debt raised
10,000
—
—
Debt repaid
(1,536)
(5,040)n/m
—
Dividends
(8,929)
(9,152)n/m
—
Buybacks
(649)
0n/m
—
Shares issued
395
314−20.5%
—
Other financing
25
6,164+24556.0%
—
Net change in cash
(1,915)
(369)n/m
—
Free cash flow (OCF − capex)
16,325
12,646−22.5%
15,099
Where the cash went
Operating cash flow
19,810
16,325−17.6%
18,779
Reinvested in the business
21,129
9,089−57.0%
—
% of operating cash flow
106.7%
55.7%
Capex
3,485
3,679+5.6%
3,680
Acquisitions
17,644
5,410−69.3%
—
Free cash flow
16,325
12,646−22.5%
15,099
YoY
−22.5%
Returned to shareholders
9,578
9,152−4.4%
—
% of free cash flow
58.7%
72.4%
Dividends
8,929
9,152+2.5%
—
Buybacks
649
0−100.0%
—
Change in total debt
—
(1,759)
—
Cash left over
—
(3,675)
—
FCF conversion (FCF ÷ net income)
110.3%
89.3%−20.9 pp
—
Owner earnings
—
10,484
—
Owner earnings margin
—
6.4%
—
Buyback yield
0.2%
—
—
Returns & ratios
ROIC (all capital)
28.3%
26.3%−2.0 pp
—
ROIC (operating)
38.1%
34.9%−3.2 pp
—
Net debt / EBITDA
2.07x
2.05x−0.02x
—
Debt / equity
7.99x
4.00x−3.99x
—
Cash conversion cycle (days)
51
60+9 d
—
ROE
223.0%
110.5%−112.5 pp
—
ROA
15.4%
13.5%−1.9 pp
—
ROCE
31.9%
28.7%−3.2 pp
—
NOPAT
16,423
15,897−3.2%
—
Invested capital (operating)
43,118
47,944+11.2%
—
Invested capital (all)
58,048
62,732+8.1%
—
Reinvestment rate
—
30.4%
—
Debtor days
11
12+1 d
—
Inventory days
81
86+5 d
—
Days payable
41
38−3 d
—
Income
Nov '25
Feb '26
May '26
Aug '26
Revenue
41,352
38,198
41,765
47,861
vs year-ago quarter
Gross profit
13,815
12,466
13,781
16,115
Gross margin
33.4%
32.6%
33.0%
33.7%
Operating income
5,353
3,849
4,981
6,839
Net income
3,601
2,571
3,289
4,766
vs year-ago quarter
Net margin
8.7%
6.7%
7.9%
10.0%
EPS (diluted, $)
3.62
2.58
3.30
4.79
vs year-ago quarter
Balance sheet
Nov '25
Feb '26
May '26
Aug '26
Total assets
106,274
105,095
107,904
109,384
Cash & equivalents
1,684
1,389
1,601
2,085
Total debt
46,343
51,308
44,828
43,951
Shareholders’ equity
12,116
12,813
13,874
16,617
Cash flow
Nov '25
Feb '26
May '26
Aug '26
Operating cash flow
4,010
3,347
6,032
5,390
Capex
898
1,058
844
880
Free cash flow
3,112
2,289
5,188
4,510
vs year-ago quarter