What is Home Depot, Inc.'s earnings per share (EPS)?

Home Depot, Inc. (HD) reported diluted earnings per share of $14.23 for fiscal year 2025. This represents a -4.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Home Depot, Inc. Financials

Trailing 12 months to August 2, 2026

Revenue $167.3B +3.5% YoY

Net Income $14.4B -2.9% YoY

EPS (Diluted) $14.29 -2.9% YoY

Free Cash Flow $15.1B +6.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended Aug 2, 2026 Reported Aug 25, 2026 Currency USD FYE February

Home Depot, Inc. (HD) reported $167.3B in revenue over the twelve months to Aug 2, 2026, up 3.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HD FY2025 2026-08-30

Revenue is still expanding, but operating margins and free-cash-flow conversion are compressing as the balance sheet grows heavier.

The key shift is below gross profit: gross margin remained broadly stable, but operating margin fell to 12.7% from 14.2% in FY2023, indicating that overhead and other operating costs absorbed the benefit of sales growth. The same period brought a much larger asset base—$105.1B versus $76.5B—while return on assets fell, signaling weaker productivity of invested assets.

Cash conversion has weakened even though accounting profit remains positive: FY2025 operating cash flow of $16.3B exceeded net income of $14.2B. Free cash flow was $12.6B, down from $17.9B in FY2023 despite higher sales, making the deterioration broader than reinvestment alone.

A 1.1x current ratio leaves a narrow working-capital cushion. Liabilities of $92.3B against $12.8B of equity show why balance-sheet capacity matters; FY2025 dividends of $9.2B occurred alongside no share buybacks, shifting cash allocation toward dividends rather than reducing the share count.

Financial Health Signals

Financial Health Score 56/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Home Depot, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Home Depot, Inc. has an operating margin of 12.7%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 82/100, reflecting efficient cost management and pricing power. This is down from 13.5% the prior year.

Growth

Home Depot, Inc.'s revenue grew a modest 3.2% year-over-year to $164.7B. This slow but positive growth earns a score of 45/100.

Leverage

Home Depot, Inc. has a moderate D/E ratio of 3.62. This balance of debt and equity financing earns a leverage score of 32/100.

Liquidity

Home Depot, Inc.'s current ratio of 1.06 is below the typical benchmark, resulting in a score of 22/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Home Depot, Inc. converts 7.7% of revenue into free cash flow ($12.6B). This strong cash generation earns a score of 65/100.

Returns

Home Depot, Inc. earns a strong 110.5% return on equity (ROE), meaning it generates $111 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 91/100. This is down from 223.0% the prior year.

Altman Z-Score Safe

5.63

Home Depot, Inc. scores 5.63, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

Home Depot, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.15x

For every $1 of reported earnings, Home Depot, Inc. generates $1.15 in operating cash flow ($16.3B OCF vs $14.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

8.66x

Home Depot, Inc. earns $8.66 in operating income for every $1 of interest expense ($20.9B vs $2.4B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$164.7B

YoY+3.2%

5Y CAGR+4.5%

10Y CAGR+6.4%

Home Depot, Inc. generated $164.7B in revenue in fiscal year 2025. This represents an increase of 3.2% from the prior year.

EBITDA

$24.4B

YoY-1.8%

5Y CAGR+3.3%

10Y CAGR+6.0%

Home Depot, Inc.'s EBITDA was $24.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.8% from the prior year.

Net Income

$14.2B

YoY-4.4%

5Y CAGR+1.9%

10Y CAGR+7.3%

Home Depot, Inc. reported $14.2B in net income in fiscal year 2025. This represents a decrease of 4.4% from the prior year.

EPS (Diluted)

$14.23

YoY-4.6%

5Y CAGR+3.6%

10Y CAGR+10.1%

Home Depot, Inc. earned $14.23 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 4.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$12.6B

YoY-22.5%

5Y CAGR-5.0%

10Y CAGR+4.9%

Home Depot, Inc. generated $12.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.5% from the prior year.

Cash & Debt

$1.4B

YoY-16.3%

5Y CAGR-29.4%

10Y CAGR-4.6%

Home Depot, Inc. held $1.4B in cash against $46.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

$9.20

YoY+2.2%

5Y CAGR+8.9%

10Y CAGR+14.6%

Home Depot, Inc. paid $9.20 per share in dividends in fiscal year 2025. This represents an increase of 2.2% from the prior year.

Shares Outstanding

996M

YoY+0.2%

5Y CAGR-1.6%

10Y CAGR-2.3%

Home Depot, Inc. had 996M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

33.3%

YoY-0.1pp

5Y CAGR-0.6pp

10Y CAGR-0.9pp

Home Depot, Inc.'s gross margin was 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

12.7%

YoY-0.8pp

5Y CAGR-1.2pp

10Y CAGR-0.6pp

Home Depot, Inc.'s operating margin was 12.7% in fiscal year 2025, reflecting core business profitability. This is down 0.8 percentage points from the prior year.

Net Margin

8.6%

YoY-0.7pp

5Y CAGR-1.1pp

10Y CAGR+0.7pp

Home Depot, Inc.'s net profit margin was 8.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.

Return on Equity

110.5%

YoY-112.5pp

Home Depot, Inc.'s ROE was 110.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 112.5 percentage points from the prior year.

Capital Allocation

Share Buybacks

YoY-100.0%

Home Depot, Inc. repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$3.7B

YoY+5.6%

5Y CAGR+8.4%

10Y CAGR+9.4%

Home Depot, Inc. invested $3.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.6% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

HD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HD quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$167.3B	$164.7B+3.2%	$159.5B+4.5%	$152.7B-3.0%	$157.4B+4.1%	$151.2B+14.4%	$132.1B+19.9%	$110.2B+1.9%	$108.2B+7.2%	$100.9B+6.7%	$94.6B+6.9%	$88.5B+6.4%	$83.2B+5.5%	$78.8B+5.4%	$74.8B+6.2%	$70.4B
Cost of Revenue	$111.4B	$109.8B+3.4%	$106.2B+4.4%	$101.7B-2.8%	$104.6B+4.3%	$100.3B+15.0%	$87.3B+20.1%	$72.7B+2.3%	$71.0B+6.8%	$66.5B+6.8%	$62.3B+6.9%	$58.3B+6.3%	$54.8B+5.6%	$51.9B+5.1%	$49.4B+7.0%	$46.1B
Gross Profit	$55.9B	$54.9B+2.9%	$53.3B+4.6%	$51.0B-3.4%	$52.8B+3.8%	$50.8B+13.3%	$44.9B+19.4%	$37.6B+1.1%	$37.2B+8.2%	$34.4B+6.3%	$32.3B+6.8%	$30.3B+6.6%	$28.4B+5.5%	$26.9B+6.0%	$25.4B+4.7%	$24.3B
SG&A Expenses	$31.4B	$30.7B+6.8%	$28.7B+8.1%	$26.6B+1.2%	$26.3B+3.5%	$25.4B+3.9%	$24.4B+23.8%	$19.7B+1.2%	$19.5B+9.2%	$17.9B+4.3%	$17.1B+2.0%	$16.8B+3.2%	$16.3B+1.0%	$16.1B+0.4%	$16.1B+0.2%	$16.0B
Operating Income	$21.2B	$20.9B-3.0%	$21.5B-0.8%	$21.7B-9.8%	$24.0B+4.3%	$23.0B+26.1%	$18.3B+15.4%	$15.8B+2.0%	$15.5B+5.8%	$14.7B+9.3%	$13.4B+14.0%	$11.8B+12.5%	$10.5B+14.2%	$9.2B+18.0%	$7.8B+16.6%	$6.7B
Interest Expense	$2.4B	$2.4B+3.9%	$2.3B+19.5%	$1.9B+20.2%	$1.6B+20.0%	$1.3B0.0%	$1.3B+12.2%	$1.2B+14.3%	$1.1B-0.6%	$1.1B+8.7%	$972.0M+5.8%	$919.0M+10.7%	$830.0M+16.7%	$711.0M+12.5%	$632.0M+4.3%	$606.0M
Income Tax	$4.5B	$4.4B-3.3%	$4.6B-3.8%	$4.8B-11.0%	$5.4B+1.3%	$5.3B+29.0%	$4.1B+18.4%	$3.5B+1.1%	$3.4B-32.2%	$5.1B+11.8%	$4.5B+13.0%	$4.0B+10.5%	$3.6B+17.8%	$3.1B+14.7%	$2.7B+22.9%	$2.2B
Net Income	$14.4B	$14.2B-4.4%	$14.8B-2.2%	$15.1B-11.5%	$17.1B+4.1%	$16.4B+27.7%	$12.9B+14.4%	$11.2B+1.1%	$11.1B+28.9%	$8.6B+8.5%	$8.0B+13.5%	$7.0B+10.5%	$6.3B+17.8%	$5.4B+18.7%	$4.5B+16.8%	$3.9B
EPS (Diluted)	$14.29	$14.23-4.6%	$14.91-1.3%	$15.11-9.5%	$16.69+7.5%	$15.53+30.1%	$11.94+16.5%	$10.25+5.3%	$9.73+33.5%	$7.29+13.0%	$6.45+18.1%	$5.46+15.9%	$4.71+25.3%	$3.76+25.3%	$3.00+21.5%	$2.47

Metric	Q2'27	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25
Revenue	$47.9B+14.6%	$41.8B+15.1%	$36.3B-12.2%	$41.4B-8.7%	$45.3B+13.6%	$39.9B+9.9%	$36.3B-9.8%	$40.2B
Cost of Revenue	$31.7B+13.4%	$28.0B+15.9%	$24.1B-12.3%	$27.5B-8.7%	$30.2B+14.2%	$26.4B+8.8%	$24.3B-9.5%	$26.8B
Gross Profit	$16.1B+16.9%	$13.8B+13.5%	$12.1B-12.1%	$13.8B-8.7%	$15.1B+12.4%	$13.5B+12.1%	$12.0B-10.6%	$13.4B
SG&A Expenses	$8.4B+5.8%	$8.0B+8.4%	$7.3B-3.8%	$7.6B-1.6%	$7.8B+3.1%	$7.5B+9.7%	$6.9B-4.9%	$7.2B
Operating Income	$6.8B+37.3%	$5.0B+24.5%	$4.0B-25.3%	$5.4B-18.3%	$6.6B+27.7%	$5.1B+15.6%	$4.4B-18.0%	$5.4B
Interest Expense	$583.0M-4.6%	$611.0M+2.2%	$598.0M-4.8%	$628.0M+9.2%	$575.0M-6.5%	$615.0M+21.1%	$508.0M-18.7%	$625.0M
Income Tax	$1.5B+42.4%	$1.1B+45.5%	$748.0M-35.3%	$1.2B-20.5%	$1.5B+31.1%	$1.1B+33.3%	$832.0M-29.2%	$1.2B
Net Income	$4.8B+44.9%	$3.3B+21.0%	$2.7B-24.5%	$3.6B-20.9%	$4.6B+32.6%	$3.4B+8.4%	$3.2B-13.2%	$3.6B
EPS (Diluted)	$4.79+45.2%	$3.30+27.9%	$2.58-28.7%	$3.62-21.0%	$4.58+32.8%	$3.45+14.6%	$3.01-18.0%	$3.67

Not reported in any period shown, so not listed: R&D Expenses.

HD Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HD quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$105.1B+9.3%	$96.1B+25.6%	$76.5B+0.1%	$76.4B+6.4%	$71.9B+1.8%	$70.6B+37.8%	$51.2B+16.4%	$44.0B-1.2%	$44.5B+3.6%	$43.0B+2.4%	$42.0B+5.1%	$39.9B-1.4%	$40.5B-1.4%	$41.1B+1.4%	$40.5B
Current Assets	$34.4B+8.5%	$31.7B+6.4%	$29.8B-8.3%	$32.5B+11.8%	$29.1B+2.0%	$28.5B+43.8%	$19.8B+6.9%	$18.5B-2.1%	$18.9B+6.8%	$17.7B+7.5%	$16.5B+7.7%	$15.3B+0.2%	$15.3B-0.6%	$15.4B+5.9%	$14.5B
Cash & Equivalents	$1.4B-16.3%	$1.7B-55.9%	$3.8B+36.4%	$2.8B+17.7%	$2.3B-70.3%	$7.9B+270.1%	$2.1B+20.0%	$1.8B-50.5%	$3.6B+41.6%	$2.5B+14.5%	$2.2B0.0%	$2.2B+14.9%	$1.9B-22.7%	$2.5B+25.5%	$2.0B
Inventory	$25.8B+10.1%	$23.5B+11.8%	$21.0B-15.7%	$24.9B+12.8%	$22.1B+32.7%	$16.6B+14.4%	$14.5B+4.4%	$13.9B+9.2%	$12.7B+1.6%	$12.5B+6.3%	$11.8B+6.6%	$11.1B+0.2%	$11.1B+3.2%	$10.7B+3.7%	$10.3B
Accounts Receivable	$5.6B+14.2%	$4.9B+47.3%	$3.3B+0.3%	$3.3B-3.2%	$3.4B+14.5%	$3.0B+42.1%	$2.1B+8.8%	$1.9B-0.8%	$2.0B-3.8%	$2.0B+7.4%	$1.9B+27.4%	$1.5B+6.2%	$1.4B+0.2%	$1.4B+12.0%	$1.2B
Goodwill	$22.3B+14.7%	$19.5B+130.3%	$8.5B+13.6%	$7.4B-0.1%	$7.4B+4.5%	$7.1B+216.1%	$2.3B+0.1%	$2.3B-1.0%	$2.3B+8.7%	$2.1B-0.4%	$2.1B0.0%	$2.1B+63.1%	$1.3B+10.2%	$1.2B+4.5%	$1.1B
Total Liabilities	$92.3B+3.1%	$89.5B+18.5%	$75.5B+0.8%	$74.9B+1.8%	$73.6B+9.3%	$67.3B+23.8%	$54.4B+18.5%	$45.9B+6.5%	$43.1B+11.5%	$38.6B+8.3%	$35.7B+16.4%	$30.6B+9.4%	$28.0B+20.1%	$23.3B+3.0%	$22.6B
Current Liabilities	$32.4B+13.1%	$28.7B+30.2%	$22.0B-4.7%	$23.1B-19.5%	$28.7B+23.9%	$23.2B+26.1%	$18.4B+9.9%	$16.7B+3.2%	$16.2B+14.6%	$14.1B+12.8%	$12.5B+11.1%	$11.3B+4.8%	$10.7B-6.2%	$11.5B+22.2%	$9.4B
Long-Term Debt	$46.3B-4.4%	$48.5B+13.4%	$42.7B+1.9%	$42.0B+14.6%	$36.6B+2.2%	$35.8B+24.9%	$28.7B+6.9%	$26.8B+10.5%	$24.3B+8.6%	$22.3B+7.5%	$20.8B+23.2%	$16.9B+14.8%	$14.7B+55.1%	$9.5B-11.9%	$10.8B
Total Equity	$12.8B+93.0%	$6.6B+536.0%	$1.0B-33.2%	$1.6B+192.1%	-$1.7B-151.4%	$3.3B+205.9%	-$3.1B-65.9%	-$1.9B-229.2%	$1.5B-66.4%	$4.3B-31.4%	$6.3B-32.2%	$9.3B-25.6%	$12.5B-29.6%	$17.8B-0.7%	$17.9B
Retained Earnings	$94.5B+5.6%	$89.5B+7.0%	$83.7B+8.8%	$76.9B+13.8%	$67.6B+16.2%	$58.1B+12.4%	$51.7B+11.4%	$46.4B+16.2%	$39.9B+12.4%	$35.5B+14.7%	$31.0B+14.7%	$27.0B+16.5%	$23.2B+15.7%	$20.0B+16.2%	$17.2B

Metric	Q2'27	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25
Total Assets	$109.4B+1.4%	$107.9B+2.7%	$105.1B-1.1%	$106.3B+6.2%	$100.0B+0.9%	$99.2B+3.2%	$96.1B-1.2%	$97.3B
Current Assets	$37.7B+1.5%	$37.2B+8.1%	$34.4B-4.8%	$36.1B+2.0%	$35.4B+2.5%	$34.5B+9.0%	$31.7B-3.8%	$32.9B
Cash & Equivalents	$2.1B+30.2%	$1.6B+15.3%	$1.4B-17.5%	$1.7B-39.9%	$2.8B+104.8%	$1.4B-17.5%	$1.7B+8.4%	$1.5B
Inventory	$26.8B-1.6%	$27.3B+5.7%	$25.8B-1.5%	$26.2B+5.5%	$24.8B-3.6%	$25.8B+9.9%	$23.5B-1.9%	$23.9B
Accounts Receivable	$7.0B+5.1%	$6.6B+18.3%	$5.6B-17.3%	$6.8B+15.1%	$5.9B-0.1%	$5.9B+20.0%	$4.9B-15.2%	$5.8B
Goodwill	$22.9B+1.9%	$22.5B+0.6%	$22.3B+0.3%	$22.3B+13.5%	$19.6B+0.3%	$19.6B+0.5%	$19.5B+0.2%	$19.4B
Total Liabilities	$92.8B-1.3%	$94.0B+1.9%	$92.3B-2.0%	$94.2B+5.3%	$89.4B-2.0%	$91.2B+1.9%	$89.5B-2.2%	$91.5B
Current Liabilities	$35.0B-1.7%	$35.6B+9.7%	$32.4B-5.7%	$34.4B+11.4%	$30.8B-2.4%	$31.6B+10.2%	$28.7B-1.5%	$29.1B
Long-Term Debt	$44.0B-2.0%	$44.8B-3.3%	$46.3B0.0%	$46.3B+0.9%	$45.9B-3.0%	$47.3B-2.4%	$48.5B-3.1%	$50.1B
Total Equity	$16.6B+19.8%	$13.9B+8.3%	$12.8B+5.8%	$12.1B+13.6%	$10.7B+34.1%	$8.0B+19.8%	$6.6B+14.8%	$5.8B
Retained Earnings	$97.9B+2.6%	$95.5B+1.0%	$94.5B+0.3%	$94.3B+1.4%	$92.9B+2.5%	$90.7B+1.3%	$89.5B+0.9%	$88.8B

HD Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HD quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$18.8B	$16.3B-17.6%	$19.8B-6.4%	$21.2B+44.9%	$14.6B-11.8%	$16.6B-12.0%	$18.8B+37.6%	$13.7B+4.0%	$13.2B+9.4%	$12.0B+23.0%	$9.8B+4.4%	$9.4B+13.7%	$8.2B+8.0%	$7.6B+9.4%	$7.0B+4.9%	$6.7B
Capital Expenditures	$3.7B	$3.7B+5.6%	$3.5B+8.0%	$3.2B+3.4%	$3.1B+21.6%	$2.6B+4.2%	$2.5B-8.0%	$2.7B+9.7%	$2.4B+28.7%	$1.9B+17.0%	$1.6B+7.9%	$1.5B+4.2%	$1.4B+3.8%	$1.4B+5.9%	$1.3B+7.5%	$1.2B
Free Cash Flow	$15.1B	$12.6B-22.5%	$16.3B-9.0%	$17.9B+56.1%	$11.5B-17.9%	$14.0B-14.5%	$16.4B+48.8%	$11.0B+2.7%	$10.7B+5.8%	$10.1B+24.2%	$8.2B+3.7%	$7.9B+15.7%	$6.8B+9.0%	$6.2B+10.2%	$5.7B+4.3%	$5.4B
Investing Cash Flow	-$10.1B	-$9.0B+57.3%	-$21.0B-344.7%	-$4.7B-50.6%	-$3.1B-5.8%	-$3.0B+70.8%	-$10.2B-283.3%	-$2.7B-9.8%	-$2.4B-8.4%	-$2.2B-40.7%	-$1.6B+46.9%	-$3.0B-134.6%	-$1.3B+15.7%	-$1.5B-5.2%	-$1.4B-26.8%	-$1.1B
Financing Cash Flow	-$9.4B	-$7.7B-1011.5%	-$694.0M+95.5%	-$15.4B-40.5%	-$11.0B+42.5%	-$19.1B-541.0%	-$3.0B+72.4%	-$10.8B+13.9%	-$12.5B-41.5%	-$8.9B-12.7%	-$7.9B-36.0%	-$5.8B+18.2%	-$7.1B-6.3%	-$6.7B-32.1%	-$5.0B-24.4%	-$4.0B
Dividends Paid	$9.2B	$9.2B+2.5%	$8.9B+6.5%	$8.4B+7.6%	$7.8B+11.5%	$7.0B+8.3%	$6.5B+8.3%	$6.0B+26.7%	$4.7B+11.7%	$4.2B+23.7%	$3.4B+12.3%	$3.0B+19.8%	$2.5B+12.8%	$2.2B+28.7%	$1.7B+6.8%	$1.6B
Share Buybacks	N/A	$0-100.0%	$649.0M-91.8%	$8.0B+18.7%	$6.7B-54.8%	$14.8B+1772.2%	$791.0M-88.6%	$7.0B-30.1%	$10.0B+24.5%	$8.0B+16.3%	$6.9B-1.7%	$7.0B0.0%	$7.0B-18.1%	$8.5B+114.5%	$4.0B+14.8%	$3.5B

Metric	Q2'27	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25
Operating Cash Flow	$5.4B-10.6%	$6.0B+80.2%	$3.3B-16.5%	$4.0B-13.6%	$4.6B+7.4%	$4.3B-7.4%	$4.7B+10.3%	$4.2B
Capital Expenditures	$880.0M+4.3%	$844.0M-20.2%	$1.1B+17.8%	$898.0M-2.1%	$917.0M+13.8%	$806.0M-26.8%	$1.1B+34.6%	$818.0M
Free Cash Flow	$4.5B-13.1%	$5.2B+126.6%	$2.3B-26.4%	$3.1B-16.5%	$3.7B+5.9%	$3.5B-1.4%	$3.6B+4.5%	$3.4B
Investing Cash Flow	-$1.9B-71.5%	-$1.1B+8.7%	-$1.2B+79.3%	-$5.9B-511.1%	-$961.0M-3.2%	-$931.0M+16.8%	-$1.1B-37.5%	-$814.0M
Financing Cash Flow	-$3.0B+36.6%	-$4.7B-90.0%	-$2.5B-432.4%	$746.0M+133.5%	-$2.2B+40.8%	-$3.8B-12.8%	-$3.3B+4.2%	-$3.5B
Dividends Paid	$2.3B+0.1%	$2.3B+1.4%	$2.3B0.0%	$2.3B0.0%	$2.3B+0.1%	$2.3B+2.3%	$2.2B0.0%	$2.2B
Share Buybacks	N/A	N/A	$0	$0	$0	$0	$0	$0

HD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HD quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	33.3%-0.1pp	33.4%0.0pp	33.4%-0.2pp	33.5%-0.1pp	33.6%-0.3pp	34.0%-0.1pp	34.1%-0.3pp	34.3%+0.3pp	34.1%-0.1pp	34.2%0.0pp	34.2%+0.1pp	34.1%0.0pp	34.2%+0.2pp	34.0%-0.5pp	34.5%
Operating Margin	12.7%-0.8pp	13.5%-0.7pp	14.2%-1.1pp	15.3%0.0pp	15.2%+1.4pp	13.8%-0.5pp	14.4%0.0pp	14.3%-0.2pp	14.5%+0.4pp	14.2%+0.9pp	13.3%+0.7pp	12.6%+1.0pp	11.6%+1.2pp	10.4%+0.9pp	9.5%
Net Margin	8.6%-0.7pp	9.3%-0.6pp	9.9%-1.0pp	10.9%0.0pp	10.9%+1.1pp	9.7%-0.5pp	10.2%-0.1pp	10.3%+1.7pp	8.6%+0.1pp	8.4%+0.5pp	7.9%+0.3pp	7.6%+0.8pp	6.8%+0.8pp	6.1%+0.5pp	5.5%
Return on Equity	110.5%-112.5pp	223.0%-1227.1pp	1450.2%+354.8pp	1095.4%	N/A	390.0%	N/A	N/A	593.5%+409.9pp	183.6%+72.7pp	111.0%+42.9pp	68.1%+25.1pp	43.0%+17.5pp	25.5%+3.8pp	21.7%
Return on Assets	13.5%-1.9pp	15.4%-4.4pp	19.8%-2.6pp	22.4%-0.5pp	22.9%+4.6pp	18.2%-3.7pp	21.9%-3.3pp	25.3%+5.9pp	19.4%+0.9pp	18.5%+1.8pp	16.7%+0.8pp	15.9%+2.6pp	13.3%+2.2pp	11.0%+1.5pp	9.6%
Current Ratio	1.060.0x	1.11-0.2x	1.35-0.1x	1.41+0.4x	1.01-0.2x	1.23+0.2x	1.080.0x	1.11-0.1x	1.17-0.1x	1.25-0.1x	1.320.0x	1.36-0.1x	1.42+0.1x	1.34-0.2x	1.55
Debt-to-Equity	3.62-3.7x	7.30-33.6x	40.94+14.1x	26.86	N/A	10.86	N/A	N/A	16.69+11.5x	5.16+1.9x	3.29+1.5x	1.81+0.6x	1.17+0.6x	0.53-0.1x	0.60
FCF Margin	7.7%-2.6pp	10.2%-1.5pp	11.8%+4.5pp	7.3%-2.0pp	9.3%-3.1pp	12.4%+2.4pp	10.0%+0.1pp	9.9%-0.1pp	10.0%+1.4pp	8.6%-0.3pp	8.9%+0.7pp	8.2%+0.3pp	7.9%+0.3pp	7.6%-0.1pp	7.7%

Metric	Q2'27	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25
Gross Margin	33.7%+0.7pp	33.0%-0.5pp	33.5%+0.1pp	33.4%0.0pp	33.4%-0.4pp	33.8%+0.7pp	33.1%-0.3pp	33.4%
Operating Margin	14.3%+2.4pp	11.9%+0.9pp	11.0%-1.9pp	12.9%-1.5pp	14.5%+1.6pp	12.9%+0.6pp	12.3%-1.2pp	13.5%
Net Margin	10.0%+2.1pp	7.9%+0.4pp	7.5%-1.2pp	8.7%-1.3pp	10.1%+1.4pp	8.6%-0.1pp	8.7%-0.3pp	9.1%
Return on Equity	28.7%+5.0pp	23.7%+2.5pp	21.2%-8.5pp	29.7%-13.0pp	42.7%-0.5pp	43.2%-4.6pp	47.7%-15.3pp	63.0%
Return on Assets	4.4%+1.3pp	3.0%+0.5pp	2.6%-0.8pp	3.4%-1.2pp	4.5%+1.1pp	3.5%+0.2pp	3.3%-0.4pp	3.8%
Current Ratio	1.080.0x	1.040.0x	1.060.0x	1.05-0.1x	1.15+0.1x	1.090.0x	1.110.0x	1.13
Debt-to-Equity	2.64-0.6x	3.23-0.4x	3.62-0.2x	3.82-0.5x	4.31-1.6x	5.95-1.4x	7.30-1.3x	8.65
FCF Margin	9.4%-3.0pp	12.4%+6.1pp	6.3%-1.2pp	7.5%-0.7pp	8.2%-0.6pp	8.8%-1.0pp	9.8%+1.3pp	8.5%

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Where Home Depot, Inc. Ranks

Frequently Asked Questions

What is Home Depot, Inc.'s annual revenue?

Home Depot, Inc. (HD) reported $164.7B in total revenue for fiscal year 2025. This represents a 3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Home Depot, Inc.'s revenue growing?

Home Depot, Inc. (HD) revenue grew by 3.2% year-over-year, from $159.5B to $164.7B in fiscal year 2025.

Is Home Depot, Inc. profitable?

Yes, Home Depot, Inc. (HD) reported a net income of $14.2B in fiscal year 2025, with a net profit margin of 8.6%.

What is Home Depot, Inc.'s EBITDA?

Home Depot, Inc. (HD) had EBITDA of $24.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Home Depot, Inc. have?

As of fiscal year 2025, Home Depot, Inc. (HD) had $1.4B in cash and equivalents against $46.3B in long-term debt.

What is Home Depot, Inc.'s gross margin?

Home Depot, Inc. (HD) had a gross margin of 33.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Home Depot, Inc.'s operating margin?

Home Depot, Inc. (HD) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Home Depot, Inc.'s net profit margin?

Home Depot, Inc. (HD) had a net profit margin of 8.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Home Depot, Inc. pay dividends?

Yes, Home Depot, Inc. (HD) paid $9.20 per share in dividends during fiscal year 2025.

What is Home Depot, Inc.'s return on equity (ROE)?

Home Depot, Inc. (HD) has a return on equity of 110.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Home Depot, Inc.'s free cash flow?

Home Depot, Inc. (HD) generated $12.6B in free cash flow during fiscal year 2025. This represents a -22.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Home Depot, Inc.'s operating cash flow?

Home Depot, Inc. (HD) generated $16.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Home Depot, Inc.'s total assets?

Home Depot, Inc. (HD) had $105.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Home Depot, Inc.'s capital expenditures?

Home Depot, Inc. (HD) invested $3.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Home Depot, Inc. have outstanding?

Home Depot, Inc. (HD) had 996M shares outstanding as of fiscal year 2025.

What is Home Depot, Inc.'s current ratio?

Home Depot, Inc. (HD) had a current ratio of 1.06 as of fiscal year 2025, which is considered adequate.

What is Home Depot, Inc.'s debt-to-equity ratio?

Home Depot, Inc. (HD) had a debt-to-equity ratio of 3.62 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Home Depot, Inc.'s return on assets (ROA)?

Home Depot, Inc. (HD) had a return on assets of 13.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Home Depot, Inc.'s Altman Z-Score?

Home Depot, Inc. (HD) has an Altman Z-Score of 5.63, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Home Depot, Inc.'s Piotroski F-Score?

Home Depot, Inc. (HD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Home Depot, Inc.'s earnings high quality?

Home Depot, Inc. (HD) has an earnings quality ratio of 1.15x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Home Depot, Inc. cover its interest payments?

Home Depot, Inc. (HD) has an interest coverage ratio of 8.66x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Home Depot, Inc.?

Home Depot, Inc. (HD) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.