The Home Depot, Inc.
HD Consumer Cyclical Home Improvement Retail
The Home Depot, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $164.7 billion, up 3.24% from fiscal 2025. In the quarter to July 2026, revenue grew 5.71%, EPS grew 4.36%, free cash flow grew 21.0% and total debt rose 1.11%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years.
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The Home Depot, Inc. (HD) Operating margin
The Home Depot, Inc.'s operating margin over the twelve months to 31 July 2026 was 12.4%, down 0.2 percentage points from fiscal 2026 (12.7%). Over the past ten years it has ranged from 12.6% (fiscal 2015) to 15.3% (fiscal 2023); the current reading is higher than 17% of that period. That is above the Home Improvement Retail industry median of 3.34% and above the Consumer Cyclical sector median of 3.57%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 12.7% | (0.81) |
| FY2025 | 13.5% | (0.72) |
| FY2024 | 14.2% | (1.06) |
| FY2023 | 15.3% | 0.03 |
| FY2022 | 15.2% | 1.40 |
| FY2021 | 13.8% | (0.53) |
| FY2020 | 14.4% | 0.02 |
| FY2019 | 14.4% | (0.20) |
| FY2018 | 14.6% | 0.36 |
| FY2017 | 14.2% | 0.89 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | 14.3% | 2.36 |
| Apr 2026 | 11.9% | 1.85 |
| Jan 2026 | 10.1% | (2.86) |
| Oct 2025 | 12.9% | (1.54) |
| 44 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| HD The Home Depot, Inc. | 12.4% |
| LOW Lowe's Companies, Inc. compare | 11.4% |
| FND Floor & Decor Holdings, Inc. compare | 6.37% |
| HVT Haverty Furniture Companies, Inc. compare | 3.34% |
| LIVE Live Ventures Incorporated compare | 2.42% |
| HVT.A Haverty Furniture Companies, Inc. compare | 0.00% |
| TTSH Tile Shop Hldgs, Inc. compare | −2.13% |
| Home Improvement Retail industry median | 3.34% |
| Consumer Cyclical sector median | 3.57% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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- The full statement