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Home Depot (NYSE: HD) stock fundamentals

NYSE: HD · Consumer discretionary · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Home Depot (NYSE: HD) is a home improvement retailer selling building materials, garden products and décor. Its Form 10-K reports revenue of USD 165 billion for FY2025, the year ended 1 Feb 2026. Its Form 10-Q puts Q2 FY2026 revenue at USD 47.9 billion and net income at USD 4,766 million, for the quarter ended 2 Aug 2026.

Data as of Source: Form 10-K for FY2025 and Form 10-Q for Q2 FY2026

Key facts

Data as of

Home Depot (NYSE: HD) · USD · fiscal year ends late January · figures from SEC filings; derived values are marked.

Revenue (USD bn)
165
FY2025 (ended ) · Form 10-K
Revenue, TTM (USD bn)
169
TTM to · derived
Revenue by quarter, from USD 40.2 bn in Q3 FY2024 to USD 47.9 bn in Q2 FY2026
Net income attributable to shareholders (USD bn)
14.2
FY2025 (ended ) · Form 10-K
Operating margin
12.7%
FY2025 (ended ) · derived
Free cash flow (USD bn)
12.6
FY2025 (ended ) · derived
Net debt (USD bn)
46.6
at · derived: total debt minus cash and short-term investments
Dividend paid per share (USD)
9.20
FY2025 (ended ) · Form 10-K
Shares outstanding (m)
998
at · Form 10-Q cover page

Fundamentals profile

vs Home Depot's own FY2021–FY2025 range (fewer than 5 covered peers) · TTM to Q2 FY2026 · Data as of

Each row places Home Depot's value against its own FY2021–FY2025 range. It describes; it does not rate. There is no overall score. How we calculate this

Home Depot fundamentals profile compared with its own FY2021–FY2025 range. Each row names its period; values are percentages, multiples or years.
DimensionMetricHome DepotOwn 5-year medianPositionRange
GrowthRevenue, 3-year CAGR to FY20251.5%Own 5-year median 4.9%Below its 5-year median
Lower (1.5%) Higher (12.6%)
MarginsOperating margin (TTM to Q2 FY2026)12.4%Own 5-year median 14.2%Near its 5-year median
Lower (12.7%) Higher (15.3%)
LeverageNet debt / EBITDA (TTM to Q2 FY2026; below zero means net cash)1.8×Own 5-year median 1.6×Above its 5-year median
Lower (1.4×) Higher (2.0×)
Cash flowFCF margin (TTM to Q2 FY2026)8.9%Own 5-year median 9.3%Near its 5-year median
Lower (7.3%) Higher (11.8%)
Dividend historyConsecutive years of cash dividends, to FY2025Every fiscal year in our data, FY2009 to FY2025, had a dividend; our data starts in FY2009.At least 17Own 5-year median not availablenot availablenot available

Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR. Derived by StockFactsheet. Data as of

Compared with Home Depot's own FY2021–FY2025 range because fewer than 5 covered peers exist. Descriptive only; not a rating.

How did a 14-week quarter in FY2024 affect Home Depot's revenue change in Q4 FY2025?

Home Depot's revenue was USD 38.2 billion in Q4 FY2025, the quarter ended 1 Feb 2026, a decline of 3.8% from Q4 FY2024. That earlier quarter ran 14 weeks, because FY2024 was a 53-week year. Q4 FY2025 ran 13 weeks. Revenue then rose year on year in Q1 and Q2 FY2026, by 4.8% and 5.7%.

Chart 1

Home Depot quarterly revenue, Q3 FY2024 to Q2 FY2026

USD bn · quarters ended to

Revenue by quarter, from USD 40.2 bn in Q3 FY2024 to USD 47.9 bn in Q2 FY2026.020406047.9Q3FY24Q4Q1FY25Q2Q3Q4Q1FY26Q2stockfactsheet.com
Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of
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Table 1 Home Depot quarterly revenue, margins and profit, Q3 FY2024–Q2 FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late January
USD mQ2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended Q4 FY2024ended Q3 FY2024ended
Revenue47,86141,76538,198 D41,35245,27739,85639,704 D40,217
Revenue YoY %increased 5.7%increased 4.8%decreased 3.8% 1increased 2.8%increased 4.9%increased 9.4%increased 14.1% 2increased 6.6%
Gross margin %33.7%33.0%32.6%33.4%33.4%33.8%32.8%33.4%
Operating income6,8394,9813,849 D5,3536,5555,1334,495 D5,418
Operating margin %14.3%11.9%10.1%12.9%14.5%12.9%11.3%13.5%
Net income attributable to shareholders4,7663,2892,571 D3,6014,5513,4332,997 D3,648
(opens in new tab)

Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.

1 Q4 FY2025 ran – (91 days); Q4 FY2024 ran – (98 days).

2 Q4 FY2024 ran – (98 days); Q4 FY2023 ran – (91 days).

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Home Depot's fiscal year is a 52- or 53-week period that ends on the Sunday nearest to 31 January, according to its 10-K.[7] FY2024, the year ended 2 Feb 2025, was the 53-week year.[7] The 10-K for that year says the 53rd week added approximately USD 2.5 billion of net sales.[7] That extra week sits in Q4 FY2024, whose revenue of USD 39.7 billion was up 14.1% year on year.

The Financials page footnotes the length of both quarters beside the revenue row. A decline in a 13-week quarter set against a 14-week one is therefore not a like-for-like change. Our guide on how to read a 10-K explains where a filing states the number of weeks in its fiscal year.

Quarterly operating margin, our calculation, was 10.1% in Q4 FY2025 and 14.3% in Q2 FY2026. The full quarterly income statement, from cost of revenue to net income, is on the Home Depot financial statements page.

How did Home Depot's net debt change after the SRS acquisition?

Home Depot's net debt was USD 46.6 billion at 2 Aug 2026, our calculation. A year earlier, at 3 Aug 2025, it was USD 49.5 billion. At 2 Aug 2026, total debt was USD 48.6 billion and cash and short-term investments were USD 2.1 billion.

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Table 2 Home Depot cash, debt and net debt, Q2 FY2025–Q2 FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at
Cash and short-term investments2,0851,6011,3891,6842,804
Total debt48,648 D50,006 D51,308 D52,814 D52,317 D
Net debt / (net cash)46,563 D48,405 D49,919 D51,130 D49,513 D
(opens in new tab)

Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Home Depot completed the acquisition of SRS on 18 Jun 2024.[7] Its 10-K for FY2024 puts the cash purchase consideration at USD 17.7 billion.[7] The company says it funded the deal with commercial paper and long-term debt, including USD 10.0 billion of senior notes issued in June 2024.[7]

The five quarters on this page start after that deal. Net debt rose to USD 51.1 billion at Q3 FY2025, then fell in each of the next 3 quarters. Its 10-K for FY2025 says Home Depot used approximately USD 2.0 billion of commercial paper, with cash on hand, to fund the GMS acquisition on 4 Sep 2025.[3] It repaid that commercial paper with USD 2.0 billion of senior notes issued in September 2025.[3]

The Q2 FY2026 10-Q reports USD 4.2 billion of commercial paper outstanding at 2 Aug 2026.[1] It also says Home Depot repaid USD 2.8 billion of senior notes at maturity in the first six months of FY2026.[1] Net debt to EBITDA, our calculation, was 1.8× at 2 Aug 2026. The median of Home Depot's own FY2021 to FY2025 values was 1.6×, within a range of 1.4× to 2.0×.

Has Home Depot repurchased shares since the SRS acquisition?

Home Depot made no share repurchases in FY2025, the year ended 1 Feb 2026, after USD 649 million in FY2024 and USD 7,951 million in FY2023. It paid dividends of USD 9,152 million in FY2025. Its free cash flow, our calculation, was USD 12,646 million.

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Table 3 Home Depot cash flow, dividends paid and buybacks, FY2021–FY2025 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Cash from operations16,32519,81021,17214,61516,571
Capital expenditure−3,679−3,485−3,226−3,119−2,566
Free cash flow12,646 D16,325 D17,946 D11,496 D14,005 D
Dividends paid−9,152−8,929−8,383−7,789−6,985
Share buybacks0−649−7,951−6,696−14,809
(opens in new tab)

Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Home Depot's 10-Q for Q2 FY2026 says it paused share repurchases in March 2024 and had not resumed them at 2 Aug 2026.[1] Of the USD 15.0 billion authorisation, approximately USD 11.7 billion remained available.[1] Buybacks were USD 14,809 million in FY2021 and USD 6,696 million in FY2022.

Free cash flow, our calculation, was larger than dividends paid in each of the 5 years from FY2021 to FY2025. Dividends paid rose every year, from USD 6,985 million in FY2021. Cash from operations was USD 16,325 million in FY2025, and capital expenditure of USD 3,679 million has risen each year since FY2021.

Lowe's sells in the same home improvement market. Its figures are set out in Lowe's stock fundamentals.

How we got these numbers

Every figure comes from Home Depot's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q3 FY2023 to Q2 FY2026) and 10-K (FY2018 to FY2025)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. EBITDA = operating income + depreciation and amortisation (our calculation). Net debt = total debt − cash and short-term investments. CAGR = compound annual growth over three fiscal years.
Restatements
None in the periods shown.
Comparator
Each profile row compares the current value with Home Depot's own last five fiscal years, FY2021 to FY2025: the median of those five years and their range, from the lowest to the highest. A current value outside that range is drawn just past the end of the strip. Fewer than 5 covered peers exist, so there is no sector median yet.
Currency
As reported (USD); no FX conversion.
Read the full methodology

Latest filings and disclosures

SEC filings behind Home Depot's figures, newest first.

(opens in new tab)
  1. Filing Form 10-Q, quarter ended 2 Aug 2026 sec.gov
  2. Filing Form 10-Q, quarter ended 3 May 2026 sec.gov
  3. Filing Form 10-K, fiscal year ended 1 Feb 2026 sec.gov
  4. Filing Form 10-Q, quarter ended 2 Nov 2025 sec.gov
  5. Filing Form 10-Q, quarter ended 3 Aug 2025 sec.gov
  6. Filing Form 10-Q, quarter ended 4 May 2025 sec.gov
  7. Filing Form 10-K, fiscal year ended 2 Feb 2025 sec.gov
  8. Filing Form 10-Q, quarter ended 27 Oct 2024 sec.gov
All filings on SEC EDGAR

Company identifiers

Data as of
(opens in new tab)
Legal name
The Home Depot, Inc.
Exchange
NYSE
Ticker
HD
Sector
Consumer discretionary
Country
United States
Fiscal year end
late January (FY2025 ended 1 Feb 2026)
Reporting currency
USD
Accounting standard
US GAAP
SEC CIK
0000354950
Latest filing in this page's data
Form 10-Q, quarter ended 2 Aug 2026 · filed

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

(opens in new tab)
  1. [1] Filing Form 10-Q, quarter ended 2 Aug 2026 The Home Depot, Inc. · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 3 May 2026 The Home Depot, Inc. · · sec.gov
  3. [3] Filing Form 10-K, fiscal year ended 1 Feb 2026 The Home Depot, Inc. · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 2 Nov 2025 The Home Depot, Inc. · · sec.gov
  5. [5] Filing Form 10-Q, quarter ended 3 Aug 2025 The Home Depot, Inc. · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 4 May 2025 The Home Depot, Inc. · · sec.gov
  7. [7] Filing Form 10-K, fiscal year ended 2 Feb 2025 The Home Depot, Inc. · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 27 Oct 2024 The Home Depot, Inc. · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 28 Jan 2024 The Home Depot, Inc. · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 29 Jan 2023 The Home Depot, Inc. · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 30 Jan 2022 The Home Depot, Inc. · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 28 Jul 2024 The Home Depot, Inc. · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 28 Apr 2024 The Home Depot, Inc. · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 29 Oct 2023 The Home Depot, Inc. · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 31 Jan 2021 The Home Depot, Inc. · · sec.gov
  16. [16] Filing Form 10-K, fiscal year ended 2 Feb 2020 The Home Depot, Inc. · · sec.gov
  17. [17] Filing Form 10-K, fiscal year ended 3 Feb 2019 The Home Depot, Inc. · · sec.gov
  18. [18] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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Cite this page

StockFactsheet (2026). "Home Depot (NYSE: HD) stock fundamentals." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/hd/

Not investment advice

For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

Author and editor

OffScriptBySami

Founder and editor, StockFactsheet

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How this page was made
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Update history

  1. Published First published version.