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. (HD) 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

Market Cap $308.9B as of Oct 16, 2026

Price / Sales 1.8x on $167.3B revenue, trailing 12 months to August 2, 2026

Price / Earnings 21.5x on $14.4B net income, trailing 12 months to August 2, 2026

Price / Book 18.6x on $16.6B equity, Q2 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

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

Newest figures come from the 10-Q for Q2 FY2027, filed Aug 25, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HD SEC filings page.

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 2026-10-04

Sales keep expanding, but rising operating costs are squeezing margins and weakening the cash produced by each sales dollar.

Revenue grew through FY2025, but operating cash flow fell to $16.3B from FY2023's $21.2B, showing weaker cash conversion as sales expanded. Free cash flow margin fell from 11.8% in FY2023 to 7.7% in FY2025 while gross margin stayed near 33.4%, pointing to pressure below gross profit rather than merchandise-cost deterioration.

With gross margin broadly stable, operating margin slipped to 12.7% while SG&A reached $30.7B; the squeeze is occurring after merchandise costs, consistent with overhead growing faster than the sales base.

Equity rose to $12.8B and debt-to-equity fell to 3.6x by FY2025, improving the reported capital structure. Yet the current ratio was only 1.1x, so near-term obligations remain closely tied to steady operating turnover.

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 81/100, 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 44/100.

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 34/100.

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. has a free cash flow margin of 7.7%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

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

5.51

Home Depot, Inc. scores 5.51, 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

$47.9B

YoY+5.7%

QoQ+14.6%

5Y CAGR+3.1%

10Y CAGR+6.1%

Home Depot, Inc. generated $47.9B in revenue in Q2 2027. This represents an increase of 5.7% from the same quarter a year earlier. Against the prior quarter it is up 14.6%.

EBITDA

$7.7B

YoY+4.5%

QoQ+30.6%

5Y CAGR+1.2%

Home Depot, Inc.'s EBITDA was $7.7B in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is up 30.6%.

Net Income

$4.8B

YoY+4.7%

QoQ+44.9%

5Y CAGR-0.2%

10Y CAGR+6.9%

Home Depot, Inc. reported $4.8B in net income in Q2 2027. This represents an increase of 4.7% from the same quarter a year earlier. Against the prior quarter it is up 44.9%.

EPS (Diluted)

$4.79

YoY+4.6%

QoQ+45.2%

5Y CAGR+1.1%

10Y CAGR+9.3%

Home Depot, Inc. earned $4.79 per diluted share (EPS) in Q2 2027. This represents an increase of 4.6% from the same quarter a year earlier. Against the prior quarter it is up 45.2%.

Cash & Balance Sheet

Free Cash Flow

$4.5B

YoY+21.0%

QoQ-13.1%

5Y CAGR+7.7%

10Y CAGR+4.6%

Home Depot, Inc. generated $4.5B in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 21.0% from the same quarter a year earlier. Against the prior quarter it is down 13.1%.

Cash & Debt

$2.1B

YoY-25.6%

QoQ+30.2%

5Y CAGR-14.5%

10Y CAGR-6.3%

Home Depot, Inc. held $2.1B in cash against $44.0B in long-term debt as of Q2 2027.

Dividends Per Share

$2.33

YoY+1.3%

QoQ0.0%

5Y CAGR+7.1%

Home Depot, Inc. paid $2.33 per share in dividends in Q2 2027. This represents an increase of 1.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

998M

YoY+0.2%

QoQ+0.1%

5Y CAGR-1.1%

10Y CAGR-2.1%

Home Depot, Inc. had 998M shares outstanding in Q2 2027. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin

33.7%

YoY+0.3pp

QoQ+0.7pp

5Y change+0.4pp

10Y change-0.1pp

Home Depot, Inc.'s gross margin was 33.7% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Operating Margin

14.3%

YoY-0.2pp

QoQ+2.4pp

5Y change-1.9pp

Home Depot, Inc.'s operating margin was 14.3% in Q2 2027, reflecting core business profitability. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.

Net Margin

10.0%

YoY-0.1pp

QoQ+2.1pp

5Y change-1.7pp

10Y change+0.7pp

Home Depot, Inc.'s net profit margin was 10.0% in Q2 2027, showing the share of revenue converted to profit. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.

Return on Equity

28.7%

YoY-14.0pp

QoQ+5.0pp

Home Depot, Inc.'s ROE was 28.7% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is down 14.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.

Capital Allocation

Capital Expenditures

$880.0M

YoY-4.0%

QoQ+4.3%

5Y CAGR+11.2%

10Y CAGR+9.0%

Home Depot, Inc. invested $880.0M in capex in Q2 2027, funding long-term assets and infrastructure. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is up 4.3%.

R&D Spending

Not reported for Q2 2027.

Share Buybacks

Not reported for Q2 2027.

HD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$24.4B-1.8%	$24.9B+0.5%	$24.8B-7.8%	$26.8B+3.6%	$25.9B+24.5%	$20.8B+14.7%	$18.1B+2.6%	$17.7B+5.6%	$16.7B+8.7%	$15.4B+12.9%	$13.6B+11.3%	$12.3B+12.2%	$10.9B+15.6%	$9.4B+13.3%	$8.3B
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 (Basic)	N/A	$14.26-4.7%	$14.96-1.3%	$15.16-9.4%	$16.74+7.4%	$15.59+30.1%	$11.98+16.4%	$10.29+5.2%	$9.78+33.4%	$7.33+13.3%	$6.47+17.9%	$5.49+15.8%	$4.74+25.4%	$3.78+24.8%	$3.03+21.7%	$2.49
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
Diluted Shares (Avg)	N/A	995M+0.2%	993M-0.9%	1.00B-2.2%	1.02B-3.1%	1.06B-1.9%	1.08B-1.7%	1.10B-4.0%	1.14B-3.5%	1.18B-4.1%	1.23B-3.8%	1.28B-4.7%	1.35B-6.1%	1.43B-5.1%	1.51B-3.8%	1.57B

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Revenue	$47.9B+5.7%	$41.8B+4.8%	$36.3B+0.1%	$41.4B+2.8%	$45.3B+4.9%	$39.9B+9.4%	$36.3B+4.3%	$40.2B+6.6%
Cost of Revenue	$31.7B+5.3%	$28.0B+6.0%	$24.1B-0.5%	$27.5B+2.8%	$30.2B+4.8%	$26.4B+10.1%	$24.3B+4.2%	$26.8B+7.3%
Gross Profit	$16.1B+6.5%	$13.8B+2.4%	$12.1B+1.1%	$13.8B+2.9%	$15.1B+4.9%	$13.5B+8.3%	$12.0B+4.3%	$13.4B+5.4%
SG&A Expenses	$8.4B+8.5%	$8.0B+5.7%	$7.3B+7.0%	$7.6B+5.9%	$7.8B+8.7%	$7.5B+12.9%	$6.9B+2.7%	$7.2B+8.5%
Operating Income	$6.8B+4.3%	$5.0B-3.0%	$4.0B-9.9%	$5.4B-1.2%	$6.6B+0.3%	$5.1B+1.1%	$4.4B+7.2%	$5.4B+0.2%
EBITDA	$7.7B+4.5%	$5.9B-1.6%	$5.0B-7.7%	$6.2B-0.5%	$7.4B+1.2%	$6.0B+2.1%	$5.4B+6.2%	$6.2B+2.0%
Interest Expense	$583.0M+1.4%	$611.0M-0.7%	$598.0M+17.7%	$628.0M+0.5%	$575.0M+0.3%	$615.0M+26.8%	$508.0M-1.0%	$625.0M+28.3%
Income Tax	$1.5B+6.5%	$1.1B-1.9%	$748.0M-10.1%	$1.2B-1.6%	$1.5B-2.0%	$1.1B+5.5%	$832.0M-5.9%	$1.2B+1.5%
Net Income	$4.8B+4.7%	$3.3B-4.2%	$2.7B-14.2%	$3.6B-1.3%	$4.6B-0.2%	$3.4B-4.6%	$3.2B+13.2%	$3.6B-4.3%
EPS (Basic)	$4.79+4.4%	$3.31-4.3%	$2.58-14.9%	$3.63-1.4%	$4.59-0.4%	$3.46-4.9%	$3.03+6.7%	$3.68-3.9%
EPS (Diluted)	$4.79+4.6%	$3.30-4.3%	$2.58-14.3%	$3.62-1.4%	$4.58-0.4%	$3.45-5.0%	$3.01+6.4%	$3.67-3.7%
Diluted Shares (Avg)	996M+0.2%	996M+0.2%	N/A	995M+0.2%	994M+0.2%	994M+0.2%	N/A	993M-0.6%

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

HD Balance Sheet

HD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Non-Current Liabilities	$59.9B-1.6%	$60.8B+13.7%	$53.5B+3.3%	$51.8B+15.4%	$44.9B+1.7%	$44.1B+22.6%	$36.0B+23.4%	$29.2B+8.5%	$26.9B+9.7%	$24.5B+5.9%	$23.1B+19.5%	$19.4B+12.2%	$17.2B+45.6%	$11.8B-10.6%	$13.2B
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	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Total Assets	$109.4B+9.3%	$107.9B+8.8%	$105.1B+9.3%	$106.3B+9.3%	$100.0B+3.3%	$99.2B+25.2%	$96.1B+25.6%	$97.3B+28.7%
Current Assets	$37.7B+6.6%	$37.2B+7.7%	$34.4B+8.5%	$36.1B+9.6%	$35.4B+9.7%	$34.5B+5.8%	$31.7B+6.4%	$32.9B+7.4%
Cash & Equivalents	$2.1B-25.6%	$1.6B+16.9%	$1.4B-16.3%	$1.7B+10.0%	$2.8B+73.8%	$1.4B-67.9%	$1.7B-55.9%	$1.5B-25.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$26.8B+8.1%	$27.3B+5.9%	$25.8B+10.1%	$26.2B+9.6%	$24.8B+7.7%	$25.8B+14.9%	$23.5B+11.8%	$23.9B+4.8%
Accounts Receivable	$7.0B+18.5%	$6.6B+12.5%	$5.6B+14.2%	$6.8B+17.0%	$5.9B+6.8%	$5.9B+43.4%	$4.9B+47.3%	$5.8B+47.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$22.9B+16.7%	$22.5B+14.9%	$22.3B+14.7%	$22.3B+14.6%	$19.6B+1.1%	$19.6B+131.2%	$19.5B+130.3%	$19.4B+144.8%
Total Liabilities	$92.8B+3.8%	$94.0B+3.1%	$92.3B+3.1%	$94.2B+2.9%	$89.4B-3.3%	$91.2B+17.8%	$89.5B+18.5%	$91.5B+23.4%
Current Liabilities	$35.0B+13.4%	$35.6B+12.6%	$32.4B+13.1%	$34.4B+18.1%	$30.8B+9.7%	$31.6B+29.7%	$28.7B+30.2%	$29.1B+23.4%
Non-Current Liabilities	$57.8B-1.3%	$58.5B-2.0%	$59.9B-1.6%	$59.8B-4.2%	$58.5B-9.0%	$59.6B+12.4%	$60.8B+13.7%	$62.4B+23.4%
Long-Term Debt	$44.0B-4.3%	$44.8B-5.3%	$46.3B-4.4%	$46.3B-7.4%	$45.9B-11.5%	$47.3B+12.6%	$48.5B+13.4%	$50.1B+23.4%
Total Equity	$16.6B+55.8%	$13.9B+74.4%	$12.8B+93.0%	$12.1B+109.4%	$10.7B+141.3%	$8.0B+337.1%	$6.6B+536.0%	$5.8B+304.6%
Retained Earnings	$97.9B+5.4%	$95.5B+5.3%	$94.5B+5.6%	$94.3B+6.2%	$92.9B+6.4%	$90.7B+6.6%	$89.5B+7.0%	$88.8B+7.0%

HD Cash Flow Statement

HD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$3.5B+5.3%	$3.3B+9.0%	$3.1B+9.5%	$2.8B-2.3%	$2.9B+13.6%	$2.5B+9.7%	$2.3B+6.7%	$2.2B+4.4%	$2.1B+4.5%	$2.0B+5.9%	$1.9B+4.3%	$1.8B+1.7%	$1.8B+4.3%	$1.7B+0.1%	$1.7B
Stock-Based Compensation	N/A	$522.0M+18.1%	$442.0M+16.3%	$380.0M+3.8%	$366.0M-8.3%	$399.0M+28.7%	$310.0M+23.5%	$251.0M-11.0%	$282.0M+3.3%	$273.0M+2.2%	$267.0M+9.4%	$244.0M+8.4%	$225.0M-1.3%	$228.0M+4.6%	$218.0M+1.4%	$215.0M
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	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Operating Cash Flow	$5.4B+16.1%	$6.0B+39.5%	$3.3B-28.3%	$4.0B-5.3%	$4.6B-14.2%	$4.3B-21.3%	$4.7B-1.3%	$4.2B0.0%
Depreciation & Amortization	$852.0M+5.7%	$910.0M+6.4%	$908.0M+5.1%	$826.0M+3.9%	$806.0M+9.2%	$855.0M+8.9%	$864.0M+10.5%	$795.0M+16.4%
Stock-Based Compensation	N/A	$178.0M+4.7%	N/A	N/A	N/A	$170.0M+37.1%	N/A	N/A
Capital Expenditures	$880.0M-4.0%	$844.0M+4.7%	$1.1B-3.9%	$898.0M+9.8%	$917.0M+27.5%	$806.0M-4.8%	$1.1B+28.3%	$818.0M+21.9%
Free Cash Flow	$4.5B+21.0%	$5.2B+47.4%	$2.3B-35.9%	$3.1B-8.9%	$3.7B-20.6%	$3.5B-24.3%	$3.6B-7.9%	$3.4B-4.2%
Investing Cash Flow	-$1.9B-97.9%	-$1.1B-19.1%	-$1.2B-8.6%	-$5.9B-621.5%	-$961.0M+94.7%	-$931.0M-12.2%	-$1.1B+29.2%	-$814.0M+34.7%
Financing Cash Flow	-$3.0B-34.4%	-$4.7B-25.5%	-$2.5B+25.5%	$746.0M+121.5%	-$2.2B-121.7%	-$3.8B+9.4%	-$3.3B-119.1%	-$3.5B+4.9%
Dividends Paid	$2.3B+1.5%	$2.3B+1.5%	$2.3B+2.4%	$2.3B+2.5%	$2.3B+2.6%	$2.3B+2.6%	$2.2B+7.5%	$2.2B+6.9%
Share Buybacks	N/A	N/A	$0	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%

HD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	1.57-0.1x	1.66-0.3x	1.99-0.1x	2.060.0x	2.10+0.2x	1.87-0.3x	2.15-0.3x	2.46+0.2x	2.27+0.1x	2.20+0.1x	2.110.0x	2.08+0.1x	1.95+0.1x	1.82+0.1x	1.74
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	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Gross Margin	33.7%+0.3pp	33.0%-0.8pp	33.5%+0.4pp	33.4%0.0pp	33.4%0.0pp	33.8%-0.4pp	33.1%0.0pp	33.4%-0.4pp
Operating Margin	14.3%-0.2pp	11.9%-0.9pp	11.0%-1.2pp	12.9%-0.5pp	14.5%-0.6pp	12.9%-1.1pp	12.3%+0.3pp	13.5%-0.9pp
Net Margin	10.0%-0.1pp	7.9%-0.7pp	7.5%-1.3pp	8.7%-0.4pp	10.1%-0.5pp	8.6%-1.3pp	8.7%+0.7pp	9.1%-1.0pp
Return on Equity	28.7%-14.0pp	23.7%-19.4pp	21.2%-26.5pp	29.7%-33.3pp	42.7%-60.5pp	43.2%-154.6pp	47.7%-220.3pp	63.0%-203.4pp
Return on Assets	4.4%-0.2pp	3.0%-0.4pp	2.6%-0.7pp	3.4%-0.4pp	4.5%-0.2pp	3.5%-1.1pp	3.3%-0.4pp	3.8%-1.3pp
Current Ratio	1.08-0.1x	1.040.0x	1.060.0x	1.05-0.1x	1.150.0x	1.09-0.2x	1.11-0.2x	1.13-0.2x
Debt-to-Equity	2.64-1.7x	3.23-2.7x	3.62-3.7x	3.82-4.8x	4.31-7.4x	5.95-17.2x	7.30-33.6x	8.65-19.7x
Asset Turnover	0.440.0x	0.390.0x	0.350.0x	0.390.0x	0.450.0x	0.40-0.1x	0.38-0.1x	0.41-0.1x
FCF Margin	9.4%+1.2pp	12.4%+3.6pp	6.3%-3.5pp	7.5%-1.0pp	8.2%-2.6pp	8.8%-3.9pp	9.8%-1.3pp	8.5%-1.0pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Home Depot, Inc. HD	FY2025	$164.7B	$14.2B	8.6%	$308.9B	56/100
Lowe's Companies Inc. LOW	FY2025	$86.3B	$6.7B	7.7%	$109.8B	52/100
Alibaba Group Holding Limited BABA	FY2026	$148.4B	$15.0B	10.1%	$276.5B	44/100
Floor & Decor Holdings, Inc. FND	FY2025	$4.7B	$208.6M	4.5%	$4.9B	54/100
Amazon.com, Inc. AMZN	FY2025	$716.9B	$77.7B	10.8%	$2.7T	59/100
Toyota Motor Corporation TM	FY2013	$234.6B	$10.2B	4.4%	$226.1B	—

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 P/E ratio?

Home Depot, Inc. (HD) trades at 21.5x earnings, its market capitalization divided by net income of $14.4B net income, trailing 12 months to August 2, 2026. The market capitalization is $308.9B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Home Depot, Inc.'s price-to-sales ratio?

Home Depot, Inc. (HD) trades at 1.8x sales, its market capitalization divided by revenue of $167.3B revenue, trailing 12 months to August 2, 2026. The market capitalization is $308.9B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

Home Depot, Inc. (HD) has an Altman Z-Score of 5.51, 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.