Pricing Log in Create free account
Saturday 17 October 2026 Export HD’s income statement to Excel — free account

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%
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 (above 2: weak)
P/E ratio 21.60
Fwd P/E 21.50
P/S ratio 1.82
P/B ratio 18.50 (above 6: high)
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
EV/Sales is 2.1×, against a ten-year median of 2.4×; over the ten years it ranged from 1.8× in 2016 to 3.2× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
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

The Home Depot, Inc. vs peers in Home Improvement Retail (Q) = latest quarter vs a year earlier

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 →

HD metrics, ten years each

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

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×.

The Home Depot, Inc. (HD) Latest News

25 Feb

Impact 5 ·

22 Dec

Impact 5 ·
stockrow.com/HD · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com