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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.

309.32 1.08 +0.35%

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Market cap: $307.5B
P/E: 21.6×
Fwd P/E: 21.5×
Dividend yield: 3.00%
F-score: 4/9
Altman Z: 5.92
Beneish M: −2.42
Dividend safety: 64/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 6.69

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	3	—	—	2	—	—	—	—	3	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 307,530.00

Revenue 169,176.00

Net Income 14,227.00

Free Cash Flow 15,099.00

Net Debt 50,811.00

Current Ratio 1.08

Debt/Equity 3.18

P/E ratio 21.60

Fwd P/E 21.50

P/S ratio 1.82

P/B ratio 18.50

Past 5Y EPS Growth 3.57%

This Y EPS Growth 2.10%

Next Y EPS Growth 6.23%

Next Y revenue growth 4.17%

Next 5Y EPS Growth 5.62%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 31.11%

10-year low 10-year high

P/S against its own 10 years 9.40%

10-year low 10-year high

P/B against its own 10 years 1.21%

10-year low 10-year high

EV/Sales against its own 10 years 16.40%

10-year low 10-year high

EV/FCF against its own 10 years 46.15%

10-year low 10-year high

Dividends

Payout Ratio 0.65

Annual Dividend Rate 9.29

Annual Dividend Yield 3.00%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	9.18	2.33 2.33 2.33
2025	9.20	2.30 2.30 2.30 2.30
2024	9.00	2.25 2.25 2.25 2.25
2023	8.36	2.09 2.09 2.09 2.09
2022	7.60	1.90 1.90 1.90 1.90
2021	6.60	1.65 1.65 1.65 1.65
2020	6.00	1.50 1.50 1.50 1.50
2019	5.44	1.36 1.36 1.36 1.36
2018	4.12	1.03 1.03 1.03 1.03
2017	3.56	0.89 0.89 0.89 0.89
2016	2.76	0.69 0.69 0.69 0.69

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	3,760	1,659	1,389	2,085
Receivables	3,328	4,903	5,597	6,963
Inventory	20,976	23,451	25,817	26,847
Other	1,711	1,670	1,588	1,825
	29,775	31,683	34,391	37,720

	2024	2025	2026	Q'26
Payables	10,037	11,938	11,491	13,585
ST’ Debt	1,368	4,898	9,431	8,945
Other	449	628	508	729
	22,015	28,661	32,424	34,988

Compound Annual Growth %

	10y	5y	3y
Sales	6.40%	4.51%	1.52%
Cash Flow	5.71%	(2.82%)	3.76%
Earnings	7.28%	1.93%	(6.11%)
Book Value	7.33%	31.18%	101.68%

Revenue $m

	Apr	Jul	Oct	Jan	Year
’26	41,765	47,861	—	—	—
’26	39,856	45,277	41,352	38,198	164,683
’25	36,418	43,175	40,217	39,704	159,514
’24	37,257	42,916	37,710	34,786	152,669
’23	38,908	43,792	38,872	35,831	157,403
’22	37,500	41,118	36,820	35,719	151,157
’21	28,260	38,053	33,536	32,261	132,110

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	6,032	5,390	—	—	—
’26	4,325	4,643	4,010	3,347	16,325
’25	5,497	5,409	4,233	4,671	19,810
’24	5,614	6,591	4,234	4,733	21,172
’23	3,789	3,393	2,839	4,594	14,615
’22	6,310	3,637	3,439	3,185	16,571
’21	5,737	9,092	2,586	1,424	18,839

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	5,188	4,510	—	—	—
’26	3,519	3,726	3,112	2,289	12,646
’25	4,650	4,690	3,415	3,570	16,325
’24	4,709	5,799	3,563	3,875	17,946
’23	3,085	2,650	2,070	3,691	11,496
’22	5,786	3,119	2,744	2,356	14,005
’21	5,151	8,646	2,115	464	16,376

Fiscal quarters ending in the months shown.

EPS $

	Apr	Jul	Oct	Jan	Year
’26	3.30	4.79	—	—	—
’26	3.45	4.58	3.62	2.58	14.23
’25	3.63	4.60	3.67	3.02	14.91
’24	3.82	4.65	3.81	2.82	15.11
’23	4.09	5.05	4.24	3.30	16.69
’22	3.86	4.53	3.92	3.21	15.53
’21	2.08	4.02	3.18	2.65	11.94

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	133.05	158.09	168.21	140.63	246.59	264.51	274.26	323.77	326.31	277.15	Analyst estimates 2027–2029 Powerpack
	High	191.49	215.43	239.31	292.95	420.61	417.84	354.92	439.37	426.75	397.63
People
People	Employees	406,000	413,000	413,000	415,000	504,800	490,600	471,600	463,100	470,100	472,400
	Revenue/emp, $m	0.23	0.24	0.26	0.27	0.26	0.31	0.33	0.33	0.34	0.35
Income, $m
Income, $m	Revenue	94,595	100,904	108,203	110,225	132,110	151,157	157,403	152,669	159,514	164,683
	Gross margin, %	34.16	34.05	34.34	34.09	33.95	33.63	33.53	33.38	33.42	33.32
	EBT	12,491	13,698	14,556	14,715	16,978	21,737	22,477	19,924	19,406	18,602
	EBT margin, %	13.20	13.58	13.45	13.35	12.85	14.38	14.28	13.05	12.17	11.30
	Net income	7,957	8,630	11,121	11,242	12,866	16,433	17,105	15,143	14,806	14,156
	Depreciation	1,973	2,062	2,152	2,296	2,519	2,862	2,975	3,247	3,761	4,121
Per share, $
Per share, $	Revenue	76.97	85.66	95.17	100.85	123.01	143.41	154.01	152.82	161.13	165.84
	Earnings	6.47	7.33	9.78	10.29	11.98	15.59	16.74	15.16	14.96	14.26
	Cash flow	7.96	10.21	11.58	12.52	17.54	15.72	14.30	21.19	20.01	16.44
	Capex	(1.29)	(1.57)	(2.15)	(2.45)	(2.29)	(2.43)	(3.05)	(3.23)	(3.52)	(3.70)
	Free cash flow	6.67	8.64	9.43	10.07	15.25	13.29	11.25	17.96	16.49	12.74
	Book value	3.53	1.23	(1.65)	(2.85)	3.07	(1.61)	1.53	1.05	6.71	12.90
	Shares, m	1,229	1,178	1,137	1,093	1,074	1,054	1,022	999	990	993
Valuation, ×
Valuation, ×	P/E	21.20	27.45	18.77	22.17	22.52	23.55	19.38	23.30	27.56	26.50
	P/S	1.79	2.35	1.93	2.26	2.20	2.56	2.10	2.31	2.56	2.28
	P/B	39.02	162.76	0.00	0.00	87.92	0.00	212.10	337.75	61.42	29.30
	EV/Sales	2.01	2.58	2.18	2.53	2.42	2.81	2.36	2.57	2.88	2.61
	EV/FCF	23.19	25.55	22.02	25.31	19.50	30.31	32.34	21.90	28.15	33.99
Cash, $m
Cash, $m	Operating cash flow	9,783	12,031	13,165	13,687	18,839	16,571	14,615	21,172	19,810	16,325
	Capex	(1,583)	(1,850)	(2,442)	(2,678)	(2,463)	(2,566)	(3,119)	(3,226)	(3,485)	(3,679)
	Free cash flow	8,200	10,181	10,723	11,009	16,376	14,005	11,496	17,946	16,325	12,646
Balance, $m
Balance, $m	Working capital	3,591	2,739	1,813	1,435	5,311	362	9,361	7,760	3,022	1,967
	Total debt	23,601	27,028	29,202	31,483	37,238	40,086	43,193	44,111	53,383	55,772
	Net debt	21,063	23,433	27,424	29,350	29,343	37,743	40,436	40,351	51,724	54,383
	Shareholders’ equity	4,333	1,454	(1,878)	(3,116)	3,299	(1,696)	1,562	1,044	6,640	12,813
Returns, %
Returns, %	ROA	18.74	19.73	25.12	23.61	21.12	23.07	23.06	19.80	17.15	14.07
	ROIC	33.04	36.87	38.00	37.74	35.00	39.95	35.77	32.75	23.05	19.43
	ROE	149.44	298.25	(5,245.75)	(450.22)	14,061.20	2,050.28	(25,529.85)	1,162.16	385.37	145.54

Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HD The Home Depot, Inc.	$307.5B	21.6×	21.5×	+5.71% (above 0%: growing)	+4.36% (above 0%: growing)	+21.04% (above 0%: growing)	33.67%	14.29%
LOW Lowe's Companies, Inc.	$109.8B	16.7×	17.5×	+8.34% (above 0%: growing)	0.00%	−16.63% (below 0%: shrinking)	33.04%	13.67%	Compare
FND Floor & Decor Holdings, Inc.	$4.9B	21.0×	25.0×	+2.97% (above 0%: growing)	+50.85% (above 0%: growing)	+1,060.85% (above 0%: growing)	48.24%	9.92%	Compare
HVT.A Haverty Furniture Companies, Inc.	$456.9M	20.9×	—	−19.73% (below 0%: shrinking)	+94.12% (above 0%: growing)	+229.94% (above 0%: growing)	60.81%	0.00%	Compare
HVT Haverty Furniture Companies, Inc.	$441.2M	20.2×	13.1×	+7.69% (above 0%: growing)	+94.12% (above 0%: growing)	+989.23% (above 0%: growing)	61.42%	3.37%	Compare
TTSH Tile Shop Hldgs, Inc.	$158.7M	— (loss-making)	— (loss-making)	−5.74% (below 0%: shrinking)	n/m	+243.02% (above 0%: growing)	64.01%	(1.30%)	Compare
LIVE Live Ventures Incorporated	$24.0M	— (loss-making)	2.7×	−3.22% (below 0%: shrinking)	n/m	−50.97% (below 0%: shrinking)	34.06%	4.85%	Compare
Median of peers	$449.0M	20.5×	15.3×	−0.12%	+72.49%	+236.48%	54.53%	4.11%

All 7 Home Improvement Retail stocks →

The Home Depot, Inc. (HD) key facts

Concern: Net income was $14.2 billion, or $14.26 per share (basic), a net margin of 8.60%.
Strength: The Home Depot, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $164.7 billion, up 3.24% from fiscal 2025.
The Home Depot, Inc. (HD) is a Home Improvement Retail company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, HD traded at $309.32, a market capitalization of $307.5 billion.
At that price the stock trades at 21.6× trailing-twelve-month earnings and 1.8× sales; its P/E is higher than 31% of its own readings over the past ten years.
The Home Depot, Inc. pays an annual dividend of $9.29 per share, a yield of 3.00%, with a payout ratio of 65.0%.
Return on equity was 145.5% and debt-to-equity 3.18.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 5.92 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

The Home Depot reported $164.7 billion of revenue in FY2026 and $14.2 billion of net income in FY2026. Revenue grew 3.24% in FY2026 against FY2025, while diluted EPS declined 4.56% in FY2026 against FY2025. Operating margin was 12.7% in FY2026, and free cash flow was $12.6 billion in FY2026.

In Q2 FY2027, revenue was $47.9 billion and diluted EPS was $4.79. Net debt was $50.8 billion in Q2 FY2027. As of September 24, 2026, the company had a market capitalisation of $290.4 billion and a P/E of 20.4×.

Read the full analysis →