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) Return on invested capital
The Home Depot, Inc.'s return on invested capital over the twelve months to 31 July 2026 was 19.5%, up 0.1 percentage points from fiscal 2026 (19.4%). Over the past ten years it has ranged from 19.4% (fiscal 2026) to 40.0% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Home Improvement Retail industry median of 7.92% and above the Consumer Cyclical sector median of 2.95%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2026 | 19.4% | (3.62) |
| FY2025 | 23.1% | (9.70) |
| FY2024 | 32.8% | (3.02) |
| FY2023 | 35.8% | (4.18) |
| FY2022 | 40.0% | 4.95 |
| FY2021 | 35.0% | (2.74) |
| FY2020 | 37.7% | (0.26) |
| FY2019 | 38.0% | 1.13 |
| FY2018 | 36.9% | 3.83 |
| FY2017 | 33.0% | 3.97 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| LOW Lowe's Companies, Inc. compare | 24.1% |
| HD The Home Depot, Inc. | 19.5% |
| HVT Haverty Furniture Companies, Inc. compare | 8.88% |
| FND Floor & Decor Holdings, Inc. compare | 7.92% |
| LIVE Live Ventures Incorporated compare | 2.77% |
| HVT.A Haverty Furniture Companies, Inc. compare | 0.00% |
| TTSH Tile Shop Hldgs, Inc. compare | −4.84% |
| Home Improvement Retail industry median | 7.92% |
| Consumer Cyclical sector median | 2.95% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on HD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement