The Home Depot, Inc. (HD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$4.73	$4.92	+4.0%	—	$47.9B	—
Q1 27	$3.41	$3.43	+0.6%	—	$41.8B	—
Q4 26	$2.52	$2.72	+7.9%	—	$38.2B	—
Q3 26	$3.83	$3.74	-2.3%	—	$41.4B	—
Q2 26	$4.69	$4.68	-0.2%	—	$45.3B	—
Q1 26	$3.59	$3.56	-0.8%	—	$39.9B	—
Q4 25	$3.04	$3.02	-0.7%	—	$39.7B	—
Q3 25	$3.66	$3.67	+0.3%	—	$40.2B	—
Q2 25	$4.55	$4.6	+1.1%	—	$43.2B	—
Q1 25	$3.61	$3.63	+0.6%	—	$36.4B	—
Q4 24	$2.77	$2.82	+1.8%	—	$34.8B	—
Q3 24	$3.76	$3.81	+1.3%	—	$37.7B	—
Q2 24	$4.44	$4.65	+4.7%	—	$42.9B	—
Q1 24	$3.8	$3.82	+0.5%	—	$37.3B	—
Q4 23	$3.29	$3.3	+0.3%	—	$35.8B	—
Q3 23	$4.12	$4.24	+2.9%	—	$38.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$14.3	—	—	$164.7B	—
FY25	—	$15	—	—	$159.5B	—
FY24	—	$15.2	—	—	$152.7B	—
FY23	—	$16.7	—	—	$157.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$94.6B	$100.9B	$108.2B	$110.2B	$132.1B	$151.2B	$157.4B	$152.7B	$159.5B	$164.7B
YoY change	+6.86%	+6.67%	+7.23%	+1.87%	+19.9%	+14.4%	+4.13%	-3.01%	+4.48%	+3.24%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	94.6B	100.9B	108.2B	110.2B	132.1B	151.2B	157.4B	152.7B	159.5B	164.7B
Cost of revenue	62.3B	66.5B	71B	72.7B	87.3B	100.3B	104.6B	101.7B	106.2B	109.8B
Gross profit	32.3B	34.4B	37.2B	37.6B	44.9B	50.8B	52.8B	51B	53.3B	54.9B
Gross margin	34.2%	34%	34.3%	34.1%	34%	33.6%	33.5%	33.4%	33.4%	33.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	17.1B	17.9B	19.5B	19.7B	24.4B	25.4B	26.3B	26.6B	28.7B	30.7B
Operating expenses	17.1B	17.9B	19.5B	19.7B	24.4B	25.4B	26.3B	26.6B	28.7B	30.7B
Operating income	13.4B	14.7B	15.8B	15.8B	18.3B	23B	24B	21.7B	21.5B	20.9B
Operating margin	14.2%	14.5%	14.6%	14.4%	13.8%	15.2%	15.3%	14.2%	13.5%	12.7%
Non-operating income, net	—	—	-263M	—	—	-35M	1M	-1M	—	—
Pretax income	12.5B	13.7B	14.6B	14.7B	17B	21.7B	22.5B	19.9B	19.4B	18.6B
Income tax	4.5B	5.1B	3.4B	3.5B	4.1B	5.3B	5.4B	4.8B	4.6B	4.4B
Net income	8B	8.6B	11.1B	11.2B	12.9B	16.4B	17.1B	15.1B	14.8B	14.2B
Net margin	8.41%	8.55%	10.3%	10.2%	9.74%	10.9%	10.9%	9.92%	9.28%	8.6%
EBITDA	15.4B	16.8B	18B	18.2B	20.8B	25.9B	27.1B	25.1B	25.5B	25.1B
EPS	6.47	7.33	9.78	10.3	12	15.6	16.7	15.2	15	14.3
Diluted EPS	6.45	7.29	9.73	10.3	11.9	15.5	16.7	15.1	14.9	14.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	37.7B	34.8B	36.4B	43.2B	40.2B	39.7B	39.9B	45.3B	41.4B	38.2B	41.8B	47.9B
Cost of revenue	25B	23.3B	24B	28.8B	26.8B	26.7B	26.4B	30.2B	27.5B	25.7B	28B	31.7B
Gross profit	12.7B	11.5B	12.4B	14.4B	13.4B	13B	13.5B	15.1B	13.8B	12.5B	13.8B	16.1B
Gross margin	33.8%	33.1%	34.1%	33.4%	33.4%	32.8%	33.8%	33.4%	33.4%	32.6%	33%	33.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	6.6B	6.7B	6.7B	7.1B	7.2B	7.7B	7.5B	7.8B	7.6B	7.8B	8B	8.4B
Operating expenses	6.6B	6.7B	6.7B	7.1B	7.2B	7.7B	7.5B	7.8B	7.6B	7.8B	8B	8.4B
Operating income	5.4B	4.1B	5.1B	6.5B	5.4B	4.5B	5.1B	6.6B	5.4B	3.8B	5B	6.8B
Operating margin	14.3%	11.9%	13.9%	15.1%	13.5%	11.3%	12.9%	14.5%	12.9%	10.1%	11.9%	14.3%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	5B	3.7B	4.7B	6B	4.8B	3.9B	4.5B	6B	4.8B	3.3B	4.4B	6.3B
Income tax	1.2B	884M	1.1B	1.5B	1.2B	890M	1.1B	1.5B	1.2B	727M	1.1B	1.5B
Net income	3.8B	2.8B	3.6B	4.6B	3.6B	3B	3.4B	4.6B	3.6B	2.6B	3.3B	4.8B
Net margin	10.1%	8.05%	9.89%	10.6%	9.07%	7.55%	8.61%	10.1%	8.71%	6.73%	7.88%	9.96%
EBITDA	6.3B	5B	6B	7.5B	6.4B	5.5B	6.2B	7.6B	6.4B	5B	6.1B	8B
EPS	3.83	2.83	3.64	4.61	3.68	3.02	3.46	4.59	3.63	2.59	3.31	4.79
Diluted EPS	3.81	2.82	3.63	4.6	3.67	3.02	3.45	4.58	3.62	2.58	3.3	4.79

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	169.1B	236.7B	208.7B	249.3B	290.9B	386.8B	331.3B	352.6B	407.9B	372B	289.2B
Enterprise value	190.1B	260.1B	236.1B	284.6B	326.4B	430.7B	378.9B	401.1B	468.5B	435.9B	353.6B
Shares outstanding	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1B	999M	990M	993M	993M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	21.2	27.4	18.8	22.2	22.6	23.5	19.4	23.3	27.5	26.3	20.5
P/S	1.79	2.35	1.93	2.26	2.2	2.56	2.1	2.31	2.56	2.26	1.73
P/B	39	162.8	-111.1	-80	88.2	-228.1	212.1	337.7	61.4	29	17.6
EV/EBITDA	12.3	15.5	13.1	15.6	15.7	16.6	14	16	18.4	17.3	14.3
EV/Sales	2.01	2.58	2.18	2.58	2.47	2.85	2.41	2.63	2.94	2.65	2.09
Earnings yield	4.71%	3.65%	5.33%	4.51%	4.42%	4.25%	5.16%	4.29%	3.63%	3.81%	4.88%
FCF yield	4.83%	4.28%	5.14%	4.42%	5.63%	3.62%	3.47%	5.09%	4%	3.4%	3.72%
PEG	—	—	—	—	—	—	—	—	—	—	4.71

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	34.2%	34%	34.3%	34.1%	34%	33.6%	33.5%	33.4%	33.4%	33.3%	33.7%
Operating margin	14.2%	14.5%	14.6%	14.4%	13.8%	15.2%	15.3%	14.2%	13.5%	12.7%	12.9%
Net margin	8.41%	8.55%	10.3%	10.2%	9.74%	10.9%	10.9%	9.92%	9.28%	8.6%	8.41%
ROE	183.6%	593.5%	-592.2%	-360.8%	390%	-968.9%	1.1K%	1.5K%	223%	110.5%	104.3%
ROA	18.5%	19.4%	25.3%	21.9%	18.2%	22.9%	22.4%	19.8%	15.4%	13.5%	12.1%
ROIC	33.7%	37.2%	47.2%	37.7%	35.7%	41.2%	37.2%	33.3%	24.4%	20.7%	20.7%
Return on tangible assets	20.5%	21.6%	28.2%	24.1%	24.4%	30.7%	29.4%	27%	37.8%	35.6%	33.4%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.25	1.17	1.11	1.08	1.23	1.01	1.41	1.35	1.11	1.06	1.08
Quick ratio	0.37	0.38	0.28	0.29	0.51	0.24	0.33	0.4	0.29	0.26	0.31
Debt / equity	5.45	18.6	-15.5	-12	13.2	-27.3	32.2	50	9.38	5.1	3.8
Debt / assets	0.55	0.61	0.66	0.73	0.62	0.64	0.66	0.68	0.65	0.62	0.57
Net debt / EBITDA	1.36	1.39	1.52	1.94	1.7	1.69	1.76	1.93	2.38	2.54	2.37
Interest coverage	13.9	14	14.8	13.3	13.6	17.1	14.9	11.3	9.36	8.71	8.76
Effective tax rate	36.3%	37%	23.6%	23.6%	24.2%	24.4%	23.9%	24%	23.7%	23.9%	24.1%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	77	85.7	95.2	100.8	123	143.4	154	152.8	161.1	165.8	170.2
EPS (basic)	6.47	7.33	9.78	10.3	12	15.6	16.7	15.2	15	14.3	14.3
EPS (diluted)	6.45	7.29	9.73	10.3	11.9	15.5	16.7	15.1	14.9	14.2	14.3
Book value per share	3.53	1.23	-1.65	-2.85	3.07	-1.61	1.53	1.05	6.71	12.9	16.6
FCF per share	6.64	8.6	9.43	10.1	15.2	13.3	11.2	18	16.5	12.7	15.2
Cash per share	2.07	3.05	1.56	1.95	7.35	2.22	2.7	3.76	1.68	1.4	2.09
Capex per share	0.03	0.04	0.03	0.03	—	—	—	—	—	3.7	3.69

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.04%	0.05%	0.03%	0.03%	—	—	—	—	—	2.23%	2.18%
Capex / operating cash flow	0.4%	0.39%	0.25%	0.27%	—	—	—	—	—	22.5%	19.6%
Payout ratio	42.8%	48.8%	42.3%	53%	50.1%	42.5%	45.5%	55.4%	60.3%	64.7%	64.8%
Dividend yield	2.01%	1.78%	2.25%	2.39%	2.22%	1.81%	2.35%	2.38%	2.19%	2.46%	3.22%

Yield

3.22%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.33

ex-dividend Sep 3, 2026

Payout ratio

65%

of earnings

Dividend growth

16 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 3, 2026	$2.33
Jun 4, 2026	$2.33
Mar 12, 2026	$2.33

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$37.7B	$34.8B	$36.4B	$43.2B	$40.2B	$39.7B	$39.9B	$45.3B	$41.4B	$38.2B	$41.8B	$47.9B
YoY change	-2.99%	-2.92%	-2.25%	+0.6%	+6.65%	+14.1%	+9.44%	+4.87%	+2.82%	-3.79%	+4.79%	+5.71%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	2.5B	3.6B	1.8B	2.1B	7.9B	2.3B	2.8B	3.8B	1.7B	1.4B
Receivables	1.6B	1.6B	1.6B	1.7B	2.5B	2.9B	2.8B	2.8B	4.3B	5B
Inventory	12.5B	12.7B	13.9B	14.5B	16.6B	22.1B	24.9B	21B	23.5B	25.8B
Total current assets	17.7B	18.9B	18.5B	19.8B	28.5B	29.1B	32.5B	29.8B	31.7B	34.4B
Property, plant & equipment	4.1B	4B	4.2B	9.9B	11.8B	12B	13.1B	14B	15B	15.9B
Goodwill & intangibles	4.2B	4.5B	4.5B	4.5B	17.9B	18.4B	18.2B	20.5B	56.9B	65.3B
Total assets	43B	44.5B	44B	51.2B	70.6B	71.9B	76.4B	76.5B	96.1B	105.1B
Accounts payable	7B	7.2B	7.8B	7.8B	11.6B	13.5B	11.4B	10B	11.9B	11.5B
Short-term debt	1.3B	2.8B	2.4B	3.6B	2.2B	4.3B	2.2B	2.4B	6.2B	10.8B
Total current liabilities	14.1B	16.2B	16.7B	18.4B	23.2B	28.7B	23.1B	22B	28.7B	32.4B
Long-term debt	22.3B	24.3B	26.8B	33.7B	41.2B	42B	48.2B	49.8B	56.1B	54.5B
Total liabilities	38.6B	43.1B	45.9B	54.4B	67.3B	73.6B	74.9B	75.5B	89.5B	92.3B
Shareholders' equity	4.3B	1.5B	-1.9B	-3.1B	3.3B	-1.7B	1.6B	1B	6.6B	12.8B
Total debt	23.6B	27B	29.2B	37.4B	43.4B	46.3B	50.4B	52.2B	62.3B	65.3B
Net debt	21.1B	23.4B	27.4B	35.2B	35.5B	43.9B	47.6B	48.5B	60.6B	64B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	—	—	—	—	—	—	—	—	1.7B	1.4B	1.6B	2.1B
Receivables	—	—	—	—	—	—	—	—	6.2B	5B	6.1B	6.4B
Inventory	—	—	—	—	—	—	—	—	26.2B	25.8B	27.3B	26.8B
Total current assets	—	—	—	—	—	—	—	—	36.1B	34.4B	37.2B	37.7B
Property, plant & equipment	—	—	—	—	—	—	—	—	36.7B	15.9B	37.2B	37.4B
Goodwill & intangibles	—	—	—	—	—	—	—	—	65.4B	65.3B	65.4B	66.8B
Total assets	—	—	—	—	—	—	—	—	106.3B	105.1B	107.9B	109.4B
Accounts payable	—	—	—	—	—	—	—	—	13.2B	11.5B	14.4B	13.6B
Short-term debt	—	—	—	—	—	—	—	—	11.1B	10.8B	10.2B	10.5B
Total current liabilities	—	—	—	—	—	—	—	—	34.4B	32.4B	35.6B	35B
Long-term debt	—	—	—	—	—	—	—	—	54.3B	54.5B	53B	52.1B
Total liabilities	—	—	—	—	—	—	—	—	94.2B	92.3B	94B	92.8B
Shareholders' equity	—	—	—	—	—	—	—	—	12.1B	12.8B	13.9B	16.6B
Total debt	—	—	—	—	—	—	—	—	65.4B	65.3B	63.2B	62.6B
Net debt	—	—	—	—	—	—	—	—	63.7B	64B	61.6B	60.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	8B	8.6B	11.1B	11.2B	12.9B	16.4B	17.1B	15.1B	14.8B	14.2B
Depreciation & amortization	2B	2.1B	2.2B	2.3B	2.5B	2.9B	3B	3.2B	3.8B	4.1B
Stock-based compensation	267M	273M	282M	251M	310M	399M	366M	380M	442M	522M
Change in working capital	-527M	617M	-492M	-330M	3.2B	-3.3B	-6B	2.1B	-115M	-2B
Operating cash flow	9.6B	12.1B	13B	13.8B	18.4B	16.3B	14.7B	21.2B	19B	16.3B
Capital expenditure	38M	47M	33M	37M	—	—	—	—	—	-3.7B
Investing cash flow	38M	-331M	59M	62M	-7.7B	-403M	-21M	-1.5B	-17.5B	-9B
Dividends paid	-3.4B	-4.2B	-4.7B	-6B	-6.5B	-7B	-7.8B	-8.4B	-8.9B	-9.2B
Share repurchases	-6.9B	-8B	-10B	-7B	-791M	-14.8B	-6.7B	-8B	-649M	0
Financing cash flow	-7.9B	-8.9B	-12.8B	-10.8B	-3B	-19.1B	-11B	-15.4B	-694M	-7.7B
Net change in cash	1.7B	2.9B	278M	3.1B	7.7B	-3.2B	3.7B	4.3B	761M	-369M
Free cash flow	8.2B	10.1B	10.7B	11B	16.4B	14B	11.5B	17.9B	16.3B	12.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	3.8B	2.8B	3.6B	4.6B	3.6B	3B	3.4B	4.6B	3.6B	2.6B	3.3B	4.8B
Depreciation & amortization	827M	832M	837M	920M	995M	1B	994M	1B	1B	1.1B	1.1B	1.1B
Stock-based compensation	85M	80M	124M	98M	106M	114M	170M	118M	120M	114M	178M	148M
Change in working capital	-929M	1.3B	315M	497M	-627M	-300M	-245M	-347M	-898M	-478M	667M	-222M
Operating cash flow	4B	5B	4.9B	6B	4.2B	3.9B	4.3B	4.6B	4B	3.3B	6B	5.4B
Capital expenditure	—	—	—	—	—	—	—	-917M	-898M	-1.1B	-844M	-880M
Investing cash flow	-575M	-723M	17M	-17.5B	4M	-18M	-125M	-961M	-5.9B	-1.2B	-1.1B	-1.9B
Dividends paid	-2.1B	-2.1B	-2.2B	-2.2B	-2.2B	-2.2B	-2.3B	-2.3B	-2.3B	-2.3B	-2.3B	-2.3B
Share repurchases	-1.5B	-1.5B	-649M	0	0	0	0	0	0	0	—	—
Financing cash flow	-3.7B	-1.5B	-4.1B	10.3B	-3.5B	-3.3B	-3.8B	-1.9B	1.1B	-2.5B	-5.7B	-2.2B
Net change in cash	-282M	2.8B	758M	-1.3B	706M	582M	446M	1.7B	-801M	-348M	-751M	1.2B
Free cash flow	3.6B	3.9B	4.7B	4.7B	3.4B	3.6B	3.5B	3.7B	3.1B	2.3B	5.2B	4.5B

Date	Ratio
Dec 31, 1999	3:2
Jul 6, 1998	2:1
Jul 7, 1997	3:2
Apr 14, 1993	4:3
Jul 2, 1992	3:2
Jun 26, 1991	3:2
Jul 6, 1990	3:2
Jul 3, 1989	3:2
Sep 22, 1987	3:2
Jun 9, 1983	2:1
Dec 8, 1982	2:1
May 11, 1982	5:4
Jan 20, 1982	3:2

The Home Depot, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history