HD Financials Home Depot

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 4.5% per year over the past 5 years.
Net income has grown slower than revenue (1.9% vs 4.5% per year).
Operating margin has contracted, at 12.7% in the latest year.
Free cash flow has declined 5.0% per year over the past 5 years.

Financial health

Total debt ($53.9B) exceeds cash ($1.4B); net debt is $52.5B.
Total debt has grown faster than revenue (9.2% vs 4.5% per year).
Operating income covered interest expense 8.7× in the latest year.
Total debt is 2.2× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 64.6% of earnings and 72.4% of free cash flow.
The dividend has grown 7.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2026	$164.7B	$14.2B	33.3%	12.7%	$12.6B	$53.9B	$1.4B
2025	$159.5B	$14.8B	33.4%	13.5%	$16.3B	$51.7B	$1.7B
2024	$152.7B	$15.1B	33.4%	14.2%	$17.9B	$42.1B	$3.8B
2023	$157.4B	$17.1B	33.5%	15.3%	$11.5B	$41.1B	$2.8B
2022	$151.2B	$16.4B	33.6%	15.2%	$14.0B	$37.4B	$2.3B
2021	$132.1B	$12.9B	34.0%	13.8%	$16.4B	$34.8B	$7.9B
2020	$110.2B	$11.2B	34.1%	14.4%	$11.0B	$30.5B	$2.1B
2019	$108.2B	$11.1B	34.3%	14.4%	$10.7B	—	$1.8B
2018	$100.9B	$8.6B	34.0%	14.5%	$10.1B	—	$3.6B
2017	$94.6B	$8.0B	34.2%	14.2%	$8.2B	—	$2.5B
2016	—	$7.0B	—	—	$7.9B	—	$2.2B
2015	—	$6.3B	—	—	$6.8B	—	$2.2B
2014	—	$5.4B	—	—	$6.2B	—	$1.9B
2013	—	$4.5B	—	—	$5.7B	—	$2.5B
2012	—	$3.9B	—	—	$5.4B	—	$2.0B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
May '26	$41.8B	$3.3B	33.0%	11.9%	$5.2B	—	$1.6B
Feb '26	$38.2B	$2.6B	32.6%	10.1%	$2.3B	$53.9B	$1.4B
Nov '25	$41.4B	$3.6B	33.4%	12.9%	$3.1B	—	$1.7B
Aug '25	$45.3B	$4.6B	33.4%	14.5%	$3.7B	—	$2.8B
May '25	$39.9B	$3.4B	33.8%	12.9%	$3.5B	—	$1.4B
Feb '25	$39.7B	$3.0B	32.8%	11.3%	$3.6B	$51.7B	$1.7B
Oct '24	$40.2B	$3.6B	33.4%	13.5%	$3.4B	—	$1.5B
Jul '24	$43.2B	$4.6B	33.4%	15.1%	$4.7B	—	$1.6B
Apr '24	$36.4B	$3.6B	34.1%	13.9%	$4.7B	—	$4.3B
Jan '24	$34.8B	$2.8B	33.1%	11.9%	$3.9B	$42.1B	$3.8B
Oct '23	$37.7B	$3.8B	33.8%	14.3%	$3.6B	—	$2.1B
Jul '23	$42.9B	$4.7B	33.0%	15.4%	$5.8B	—	$2.8B
Apr '23	$37.3B	$3.9B	33.7%	14.9%	$4.7B	—	$1.3B
Jan '23	$35.8B	$3.4B	33.3%	13.3%	$3.7B	$41.1B	$2.8B
Oct '22	$38.9B	$4.3B	34.0%	15.8%	$2.1B	—	$2.5B
Jul '22	$43.8B	$5.2B	33.1%	16.5%	$2.6B	—	$1.3B
May '22	$38.9B	$4.2B	33.8%	15.2%	$3.1B	—	$2.8B
Jan '22	$35.7B	$3.4B	33.2%	13.5%	$2.4B	$37.4B	$2.3B
Oct '21	$36.8B	$4.1B	34.1%	15.7%	$2.7B	—	$5.1B
Aug '21	$41.1B	$4.8B	33.2%	16.1%	$3.1B	—	$4.6B

Valuation over time

How the market has priced HD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 17.2× (Mar '23) to 24.3× (Jun '26).
The price-to-sales ratio has risen from 1.9× (Mar '23) to 2.1× (Jun '26).
The dividend yield has risen from 2.6% (Mar '23) to 2.7% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HD growing its revenue and profit?

Over the past 5 years, Home Depot's revenue has grown 4.5% per year, and net income grown 1.9% per year. These are computed facts, not advice.

How much debt does HD have?

As of FY2026, Home Depot reported $53.9B of total debt against $1.4B of cash; operating income covered interest expense 8.7×.

What is HD's profit margin?

In FY2026, gross margin was 33.3%, operating margin 12.7%, and net margin 8.6%.

What is HD's P/E ratio?

As of Jun '26, Home Depot traded at a price-to-earnings ratio of about 24.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.