Home Depot (HD) Financials

$381.17 +7.51 (+2.01%)

As of 03:41 PM Eastern

Annual Income Statements for Home Depot

This table shows Home Depot's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2016	1/29/2017	1/28/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	2/2/2025
Net Income / (Loss) Attributable to Common Shareholders	7,009	7,957	8,630	11,121	11,242	12,866	16,433	17,105	15,143	14,806
Consolidated Net Income / (Loss)	7,009	7,957	8,630	11,121	11,242	12,866	16,433	17,105	15,143	14,806
Net Income / (Loss) Continuing Operations	7,009	7,957	8,630	11,121	11,242	12,866	16,433	17,105	15,143	14,806
Total Pre-Tax Income	11,021	12,491	13,698	14,556	14,715	16,978	21,737	22,477	19,924	19,406
Total Operating Income	11,774	13,427	14,681	15,530	15,843	18,278	23,040	24,039	21,689	21,526
Total Gross Profit	30,265	32,313	34,356	37,160	37,572	44,853	50,832	52,778	50,960	53,308
Total Revenue	88,519	94,595	100,904	108,203	110,225	132,110	151,157	157,403	152,669	159,514
Operating Revenue	88,519	94,595	100,904	108,203	110,225	132,110	151,157	157,403	152,669	159,514
Total Cost of Revenue	58,254	62,282	66,548	71,043	72,653	87,257	100,325	104,625	101,709	106,206
Operating Cost of Revenue	58,254	62,282	66,548	71,043	72,653	87,257	100,325	104,625	101,709	106,206
Total Operating Expenses	18,491	18,886	19,675	21,630	21,729	26,575	27,792	28,739	29,271	31,782
Selling, General & Admin Expense	16,801	17,132	17,864	19,513	19,740	24,447	25,406	26,284	26,598	28,748
Depreciation Expense	1,690	1,754	1,811	1,870	1,989	2,128	2,386	2,455	2,673	3,034
Total Other Income / (Expense), net	-753	-936	-983	-974	-1,128	-1,300	-1,303	-1,562	-1,765	-2,120
Interest Expense	919	972	1,057	1,051	1,201	1,347	1,347	1,617	1,943	2,321
Interest & Investment Income	166	36	74	93	73	47	44	55	178	201
Income Tax Expense	4,012	4,534	5,068	3,435	3,473	4,112	5,304	5,372	4,781	4,600
Basic Earnings per Share	$5.49	$6.47	$7.33	$9.78	$10.29	$11.98	$15.59	$16.74	$15.16	$14.96
Weighted Average Basic Shares Outstanding	1.28B	1.23B	1.18B	1.14B	1.09B	1.07B	1.05B	1.02B	999M	990M
Diluted Earnings per Share	$5.46	$6.45	$7.29	$9.73	$10.25	$11.94	$15.53	$16.69	$15.11	$14.91
Weighted Average Diluted Shares Outstanding	1.28B	1.23B	1.18B	1.14B	1.10B	1.08B	1.06B	1.03B	1.00B	993M
Weighted Average Basic & Diluted Shares Outstanding	1.28B	1.23B	1.18B	1.14B	1.07B	1.08B	1.03B	1.01B	991.02M	994.03M
Cash Dividends to Common per Share	$2.36	$2.76	$3.56	$4.12	$5.44	$6.00	$6.60	$7.60	$8.36	$9.00

This table shows Home Depot's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	2/2/2025
Net Income / (Loss) Attributable to Common Shareholders	5,173	4,339	3,362	3,873	4,659	3,810	2,801	3,600	4,561	3,648	2,997
Consolidated Net Income / (Loss)	5,173	4,339	3,362	3,873	4,659	3,810	2,801	3,600	4,561	3,648	2,997
Net Income / (Loss) Continuing Operations	5,173	4,339	3,362	3,873	4,659	3,810	2,801	3,600	4,561	3,648	2,997
Total Pre-Tax Income	6,831	5,742	4,344	5,110	6,161	4,968	3,685	4,651	6,045	4,823	3,887
Total Operating Income	7,210	6,148	4,752	5,551	6,589	5,406	4,143	5,079	6,534	5,418	4,495
Total Gross Profit	14,483	13,224	11,926	12,557	14,157	12,738	11,508	12,433	14,416	13,425	13,034
Total Revenue	43,792	38,872	35,831	37,257	42,916	37,710	34,786	36,418	43,175	40,217	39,704
Operating Revenue	43,792	38,872	35,831	37,257	42,916	37,710	34,786	36,418	43,175	40,217	39,704
Total Cost of Revenue	29,309	25,648	23,905	24,700	28,759	24,972	23,278	23,985	28,759	26,792	26,670
Operating Cost of Revenue	29,309	25,648	23,905	24,700	28,759	24,972	23,278	23,985	28,759	26,792	26,670
Total Operating Expenses	7,273	7,076	7,174	7,006	7,568	7,332	7,365	7,354	7,882	8,007	8,539
Selling, General & Admin Expense	6,657	6,468	6,549	6,355	6,915	6,649	6,679	6,667	7,144	7,212	7,725
Depreciation Expense	616	608	625	651	653	683	686	687	738	795	814
Total Other Income / (Expense), net	-379	-406	-408	-441	-428	-438	-458	-428	-489	-595	-608
Interest Expense	381	413	451	474	469	487	513	485	573	625	638
Interest & Investment Income	2.00	7.00	43	33	41	49	55	57	84	30	30
Income Tax Expense	1,658	1,403	982	1,237	1,502	1,158	884	1,051	1,484	1,175	890
Basic Earnings per Share	$5.06	$4.25	$3.32	$3.83	$4.66	$3.83	$2.84	$3.64	$4.61	$3.68	$3.03
Weighted Average Basic Shares Outstanding	1.02B	1.02B	1.02B	1.01B	1B	996M	999M	989M	990M	991M	990M
Diluted Earnings per Share	$5.05	$4.24	$3.31	$3.82	$4.65	$3.81	$2.83	$3.63	$4.60	$3.67	$3.01
Weighted Average Diluted Shares Outstanding	1.03B	1.02B	1.03B	1.01B	1.00B	999M	1.00B	992M	992M	993M	993M
Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.02B	1.01B	1.01B	1.00B	995.26M	991.02M	991.61M	993.29M	993.36M	994.03M

This table details how cash moves in and out of Home Depot's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2016	1/29/2017	1/28/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	2/2/2025
Net Change in Cash & Equivalents	604	330	933	-1,798	236	5,686	-5,518	482	1,000	-1,915
Net Cash From Operating Activities	9,373	9,783	12,031	13,165	13,687	18,839	16,571	14,615	21,172	19,810
Net Cash From Continuing Operating Activities	9,373	9,783	12,031	13,165	13,687	18,839	16,571	14,615	21,172	19,810
Net Income / (Loss) Continuing Operations	7,009	7,957	8,630	11,121	11,242	12,866	16,433	17,105	15,143	14,806
Consolidated Net Income / (Loss)	7,009	7,957	8,630	11,121	11,242	12,866	16,433	17,105	15,143	14,806
Depreciation Expense	1,863	1,973	2,062	2,152	2,296	2,519	2,862	2,975	3,247	3,336
Amortization Expense	-	-	-	-	-	-	-	-	-	425
Non-Cash Adjustments To Reconcile Net Income	100	267	273	529	251	310	399	366	380	442
Changes in Operating Assets and Liabilities, net	401	-414	1,066	-637	-102	3,144	-3,123	-5,831	2,402	801
Net Cash From Investing Activities	-2,982	-1,583	-2,228	-2,416	-2,653	-10,170	-2,969	-3,140	-4,729	-21,031
Net Cash From Continuing Investing Activities	-2,982	-1,583	-2,228	-2,416	-2,653	-10,170	-2,969	-3,140	-4,729	-21,031
Purchase of Property, Plant & Equipment	-1,503	-1,621	-1,897	-2,442	-2,678	-2,463	-2,566	-3,119	-3,226	-3,485
Acquisitions	-1,666	0.00	-374	-21	0.00	-7,780	-421	0.00	-1,514	-17,644
Other Investing Activities, net	0.00	0.00	-4.00	47	25	73	18	-21	11	98
Net Cash From Financing Activities	-5,787	-7,870	-8,870	-12,547	-10,798	-2,983	-19,120	-10,993	-15,443	-694
Net Cash From Continuing Financing Activities	-5,787	-7,870	-8,870	-12,547	-10,798	-2,983	-19,120	-10,993	-15,443	-694
Repayment of Debt	-35	-3,123	-754	-1,582	-1,575	-3,026	-1,677	-2,679	-1,427	-1,521
Repurchase of Common Equity	-7,000	-6,880	-8,000	-9,963	-6,965	-791	-14,809	-6,696	-7,951	-649
Payment of Dividends	-3,031	-3,404	-4,212	-4,704	-5,958	-6,451	-6,985	-7,789	-8,383	-8,929
Issuance of Debt	4,051	5,319	3,841	3,466	3,420	6,959	4,014	5,907	1,995	10,010
Issuance of Common Equity	228	218	255	236	280	326	337	264	323	395
Cash Interest Paid	874	924	991	1,035	1,112	1,241	1,269	1,449	1,809	2,199
Cash Income Taxes Paid	3,853	4,623	4,732	3,774	3,220	4,654	5,504	5,435	5,023	3,653

This table details how cash moves in and out of Home Depot's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	2/2/2025
Net Change in Cash & Equivalents	-1,586	1,306	253	-1,477	1,514	-669	1,632	521	-2,600	-57	221
Net Cash From Operating Activities	3,393	2,839	4,594	5,614	6,591	4,234	4,733	5,497	5,409	4,233	4,671
Net Cash From Continuing Operating Activities	3,393	2,839	4,594	5,614	6,591	4,234	4,733	5,497	5,409	4,233	4,671
Net Income / (Loss) Continuing Operations	5,173	4,339	3,362	3,873	4,659	3,810	2,801	3,600	4,561	3,648	2,997
Consolidated Net Income / (Loss)	5,173	4,339	3,362	3,873	4,659	3,810	2,801	3,600	4,561	3,648	2,997
Depreciation Expense	746	743	759	793	707	779	832	837	778	857	864
Amortization Expense	-	-	-	-	-	48	-	-	-	138	145
Non-Cash Adjustments To Reconcile Net Income	81	90	80	124	91	85	80	124	98	106	114
Changes in Operating Assets and Liabilities, net	-2,607	-2,333	393	824	1,046	-488	1,020	936	-170	-516	551
Net Cash From Investing Activities	-760	-784	-895	-903	-999	-1,246	-1,581	-830	-18,268	-814	-1,119
Net Cash From Continuing Investing Activities	-760	-784	-895	-903	-999	-1,246	-1,581	-830	-18,268	-814	-1,119
Purchase of Property, Plant & Equipment	-743	-769	-903	-905	-792	-671	-858	-847	-719	-818	-1,101
Acquisitions	-	-	-	-	-	-580	-719	-	-	-43	-31
Other Investing Activities, net	-17	-15	8.00	2.00	8.00	5.00	-4.00	17	21	47	13
Net Cash From Financing Activities	-4,219	-749	-3,446	-6,188	-4,078	-3,657	-1,520	-4,146	10,259	-3,476	-3,331
Net Cash From Continuing Financing Activities	-4,219	-749	-3,446	-6,188	-4,078	-3,657	-1,520	-4,146	10,259	-3,476	-3,331
Repayment of Debt	-754	-618	964	-1,198	-74	-74	-81	-1,338	-129	-111	57
Payment of Dividends	-1,948	-1,946	-1,933	-2,118	-2,097	-2,089	-2,079	-2,229	-2,231	-2,234	-2,235
Issuance of Debt	-	2,985	-1,035	0.00	-	-	1,995	8.00	12,471	-1,152	-1,317
Issuance of Common Equity	137	4.00	118	15	160	17	131	62	148	21	164
Cash Interest Paid	250	495	289	596	304	604	305	621	361	658	559
Cash Income Taxes Paid	2,892	1,068	1,262	185	2,709	923	1,206	249	2,385	845	174

This table presents Home Depot's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2016	1/29/2017	1/28/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	2/2/2025
Total Assets	41,973	42,966	44,529	44,003	51,236	70,581	71,876	76,445	76,530	96,119
Total Current Assets	16,484	17,724	18,933	18,529	19,810	28,477	29,055	32,471	29,775	31,683
Cash & Equivalents	2,216	2,538	3,595	1,778	2,133	7,895	2,343	2,757	3,760	1,659
Accounts Receivable	1,890	2,029	1,952	1,936	2,106	2,992	3,426	3,317	3,328	4,903
Inventories, net	11,809	12,549	12,748	13,925	14,531	16,627	22,068	24,886	20,976	23,451
Other Current Assets	569	608	638	890	1,040	963	1,218	1,511	1,711	1,670
Plant, Property, & Equipment, net	22,191	21,914	22,075	0.00	22,770	24,705	25,199	25,631	26,154	26,702
Total Noncurrent Assets	3,298	3,328	3,521	25,474	8,656	17,399	17,622	18,343	20,601	37,734
Goodwill	2,102	2,093	2,275	2,252	2,254	7,126	7,449	7,444	8,455	19,475
Intangible Assets	-	-	-	-	-	-	-	-	3,606	8,983
Other Noncurrent Operating Assets	1,196	1,235	1,246	23,222	6,402	10,273	10,173	10,899	8,540	9,276
Total Liabilities & Shareholders' Equity	41,973	42,966	44,529	44,003	51,236	70,581	71,876	76,445	76,530	96,119
Total Liabilities	35,657	38,633	43,075	45,881	54,352	67,282	73,572	74,883	75,486	89,479
Total Current Liabilities	12,524	14,133	16,194	16,716	18,375	23,166	28,693	23,110	22,015	28,661
Short-Term Debt	427	1,252	2,761	2,395	2,813	1,416	3,482	1,231	1,368	4,898
Accounts Payable	6,565	7,000	7,244	7,755	7,787	11,606	13,462	11,443	10,037	11,938
Accrued Expenses	1,941	2,195	2,170	2,611	2,677	3,063	3,891	3,858	4,225	4,166
Current Deferred Revenue	1,566	1,669	1,805	1,782	2,116	2,823	3,596	3,064	2,762	2,610
Current Deferred & Payable Income Tax Liabilities	34	25	54	11	55	193	158	50	28	832
Current Employee Benefit Liabilities	1,515	1,484	1,640	1,506	1,494	2,463	2,426	1,991	2,096	2,315
Other Taxes Payable	476	508	520	656	605	774	848	528	449	628
Other Current Liabilities	-	-	-	0.00	828	828	830	945	1,050	1,274
Total Noncurrent Liabilities	23,133	24,500	26,881	29,165	35,977	44,116	44,879	51,773	53,471	60,818
Long-Term Debt	20,789	22,349	24,267	26,807	28,670	35,822	36,604	41,962	42,743	48,485
Noncurrent Deferred & Payable Income Tax Liabilities	379	296	440	491	706	1,131	909	1,019	863	1,962
Other Noncurrent Operating Liabilities	1,965	1,855	2,174	1,867	6,601	7,163	7,366	8,792	9,865	10,371
Total Equity & Noncontrolling Interests	6,316	4,333	1,454	-1,878	-3,116	3,299	-1,696	1,562	1,044	6,640
Total Preferred & Common Equity	6,316	4,333	1,454	-1,878	-3,116	3,299	-1,696	1,562	1,044	6,640
Total Common Equity	6,316	4,333	1,454	-1,878	-3,116	3,299	-1,696	1,562	1,044	6,640
Common Stock	9,435	9,875	10,281	10,667	11,090	11,629	12,222	12,682	13,237	14,207
Retained Earnings	30,973	35,519	39,935	46,423	51,729	58,134	67,580	76,896	83,656	89,533
Treasury Stock	-33,194	-40,194	-48,196	-58,196	-65,196	-65,793	-80,794	-87,298	-95,372	-95,971
Accumulated Other Comprehensive Income / (Loss)	-898	-867	-566	-772	-739	-671	-704	-718	-477	-1,129
Other Equity Adjustments	-	-	-	-	-	-	0.00	0.00	-	0.00

This table presents Home Depot's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	5/1/2022	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024
Total Assets	76,567	75,825	76,866	76,445	76,386	76,387	75,577	76,530	79,230	96,846	97,264
Total Current Assets	33,867	32,941	33,681	32,471	32,423	31,830	30,682	29,775	32,622	32,273	32,949
Cash & Equivalents	2,844	1,259	2,462	2,757	1,260	2,814	2,058	3,760	4,264	1,613	1,531
Accounts Receivable	3,936	3,725	3,732	3,317	4,213	3,836	3,932	3,328	4,105	5,503	5,782
Inventories, net	25,297	26,088	25,719	24,886	25,371	23,265	22,805	20,976	22,416	23,060	23,897
Other Current Assets	1,790	1,869	1,768	1,511	1,579	1,915	1,887	1,711	1,837	2,097	1,739
Plant, Property, & Equipment, net	25,166	25,247	25,240	25,631	25,674	25,879	25,735	26,154	25,997	26,640	26,573
Total Noncurrent Assets	17,534	17,637	17,945	18,343	18,289	18,678	19,160	20,601	20,611	37,933	37,742
Goodwill	7,450	7,451	7,434	7,444	7,447	7,664	7,937	8,455	8,464	19,414	19,428
Intangible Assets	-	-	-	-	-	-	-	3,606	-	9,214	9,112
Other Noncurrent Operating Assets	10,084	10,186	10,511	10,899	10,842	11,014	11,223	8,540	12,147	9,305	9,202
Total Liabilities & Shareholders' Equity	76,567	75,825	76,866	76,445	76,386	76,387	75,577	76,530	79,230	96,846	97,264
Total Liabilities	78,276	75,588	75,568	74,883	76,024	75,052	74,147	75,486	77,410	92,426	91,478
Total Current Liabilities	30,387	27,834	24,280	23,110	25,446	24,227	23,572	22,015	24,359	28,123	29,092
Short-Term Debt	2,463	1,757	1,224	1,231	1,338	1,352	1,362	1,368	771	3,866	4,520
Accounts Payable	15,367	14,348	12,402	11,443	12,630	12,104	11,478	10,037	12,563	13,206	13,506
Accrued Expenses	4,876	3,991	3,965	3,858	3,725	4,009	3,994	4,225	3,793	4,265	4,366
Current Deferred Revenue	3,675	3,539	3,173	3,064	3,119	3,079	2,784	2,762	2,841	2,754	2,595
Current Deferred & Payable Income Tax Liabilities	-	-	-	50	1,054	19	304	28	637	40	94
Current Employee Benefit Liabilities	2,008	2,204	1,934	1,991	1,931	2,022	2,034	2,096	2,005	2,105	2,094
Other Taxes Payable	1,139	1,076	640	528	683	631	590	449	676	645	655
Other Current Liabilities	859	919	942	945	966	1,011	1,026	1,050	1,073	1,242	1,262
Total Noncurrent Liabilities	47,889	47,754	51,288	51,773	50,578	50,825	50,575	53,471	53,051	64,303	62,386
Long-Term Debt	39,158	39,271	41,740	41,962	40,915	40,754	40,567	42,743	42,060	51,869	50,058
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	1,019	954	956	753	863	946	2,074	2,083
Other Noncurrent Operating Liabilities	8,731	8,483	9,548	8,792	8,709	9,115	9,255	9,865	10,045	10,360	10,245
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1,709	237	1,298	1,562	362	1,335	1,430	1,044	1,820	4,420	5,786
Total Preferred & Common Equity	-1,709	237	1,298	1,562	362	1,335	1,430	1,044	1,820	4,420	5,786
Total Common Equity	-1,709	237	1,298	1,562	362	1,335	1,430	1,044	1,820	4,420	5,786
Common Stock	12,169	12,399	12,475	12,682	12,674	12,932	13,017	13,237	13,243	13,821	13,925
Retained Earnings	69,849	73,074	75,467	76,896	78,651	81,213	82,934	83,656	85,027	87,357	88,771
Treasury Stock	-83,044	-84,564	-85,788	-87,298	-90,326	-92,343	-93,859	-95,372	-95,972	-95,971	-95,971
Accumulated Other Comprehensive Income / (Loss)	-683	-672	-856	-718	-637	-467	-662	-477	-478	-787	-939

This table displays calculated financial ratios and metrics derived from Home Depot's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/31/2016	1/29/2017	1/28/2018	2/3/2019	2/2/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	2/2/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.42%	6.86%	6.67%	7.23%	1.87%	19.85%	14.42%	4.13%	-3.01%	4.48%
EBITDA Growth	11.28%	12.93%	8.72%	5.51%	2.68%	14.65%	24.55%	4.29%	-7.69%	1.41%
EBIT Growth	12.47%	14.04%	9.34%	5.67%	2.12%	15.37%	26.05%	4.34%	-9.78%	-0.75%
NOPAT Growth	12.46%	14.23%	8.14%	28.28%	2.01%	14.44%	25.75%	5.03%	-9.89%	-0.37%
Net Income Growth	10.46%	13.53%	8.46%	28.86%	1.09%	14.45%	27.72%	4.09%	-11.47%	-2.23%
EPS Growth	15.92%	18.13%	13.02%	33.47%	5.34%	16.49%	30.07%	7.47%	-9.47%	-1.32%
Operating Cash Flow Growth	13.72%	4.37%	22.98%	9.43%	3.97%	37.64%	-12.04%	-11.80%	44.86%	-6.43%
Free Cash Flow Firm Growth	-2.95%	21.60%	15.17%	14.84%	1.87%	-34.80%	88.27%	-11.92%	38.44%	-103.19%
Invested Capital Growth	2.10%	0.32%	-2.00%	2.65%	2.69%	24.43%	10.43%	16.51%	-1.44%	40.99%
Revenue Q/Q Growth	2.10%	1.31%	1.69%	2.47%	-0.64%	5.16%	2.34%	0.07%	-0.68%	3.18%
EBITDA Q/Q Growth	2.99%	2.65%	1.78%	1.10%	0.39%	3.75%	3.23%	-0.18%	-2.10%	2.73%
EBIT Q/Q Growth	3.14%	2.90%	1.82%	1.13%	0.16%	3.86%	3.33%	-0.30%	-2.73%	1.66%
NOPAT Q/Q Growth	2.42%	3.32%	0.36%	5.40%	1.41%	2.93%	2.88%	0.46%	-3.10%	1.95%
Net Income Q/Q Growth	1.33%	3.55%	0.41%	5.35%	1.23%	3.01%	3.11%	0.06%	-3.57%	1.34%
EPS Q/Q Growth	2.44%	4.37%	1.25%	6.11%	1.89%	3.29%	3.74%	0.54%	-3.08%	1.22%
Operating Cash Flow Q/Q Growth	0.13%	-1.44%	3.67%	6.81%	-1.69%	-7.24%	11.89%	10.67%	0.66%	-0.31%
Free Cash Flow Firm Q/Q Growth	6.77%	-3.77%	2.21%	6.73%	-0.22%	-56.44%	248.64%	7.08%	-2.42%	61.67%
Invested Capital Q/Q Growth	-0.49%	1.93%	1.24%	0.81%	1.54%	47.00%	2.65%	0.47%	0.23%	-0.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.19%	34.16%	34.05%	34.34%	34.09%	33.95%	33.63%	33.53%	33.38%	33.42%
EBITDA Margin	15.41%	16.28%	16.59%	16.33%	16.46%	15.74%	17.14%	17.16%	16.33%	15.85%
Operating Margin	13.30%	14.19%	14.55%	14.35%	14.37%	13.84%	15.24%	15.27%	14.21%	13.49%
EBIT Margin	13.30%	14.19%	14.55%	14.34%	14.37%	13.84%	15.24%	15.27%	14.21%	13.49%
Profit (Net Income) Margin	7.92%	8.41%	8.55%	10.28%	10.20%	9.74%	10.87%	10.87%	9.92%	9.28%
Tax Burden Percent	63.60%	63.70%	63.00%	76.40%	76.40%	75.78%	75.60%	76.10%	76.00%	76.30%
Interest Burden Percent	93.60%	93.03%	93.30%	93.82%	92.88%	92.89%	94.34%	93.50%	91.86%	90.15%
Effective Tax Rate	36.40%	36.30%	37.00%	23.60%	23.60%	24.22%	24.40%	23.90%	24.00%	23.70%
Return on Invested Capital (ROIC)	29.88%	33.73%	36.79%	47.05%	46.75%	47.05%	50.72%	46.88%	39.53%	32.93%
ROIC Less NNEP Spread (ROIC-NNEP)	27.11%	30.76%	34.01%	44.13%	43.72%	43.70%	47.78%	43.84%	36.21%	29.41%
Return on Net Nonoperating Assets (RNNOA)	59.76%	115.71%	261.47%	-5,292.81%	-496.97%	14,014.15%	1,999.57%	-25,576.73%	1,122.63%	352.45%
Return on Equity (ROE)	89.64%	149.44%	298.25%	-5,245.75%	-450.22%	14,061.20%	2,050.28%	-25,529.85%	1,162.16%	385.37%
Cash Return on Invested Capital (CROIC)	27.81%	33.42%	38.81%	44.44%	44.09%	25.28%	40.80%	31.63%	40.98%	-1.09%
Operating Return on Assets (OROA)	28.75%	31.62%	33.56%	35.05%	33.27%	30.01%	32.35%	32.41%	28.36%	24.94%
Return on Assets (ROA)	17.11%	18.74%	19.73%	25.12%	23.61%	21.12%	23.07%	23.06%	19.80%	17.15%
Return on Common Equity (ROCE)	89.64%	149.44%	298.25%	-5,245.75%	-450.22%	14,061.20%	2,050.28%	-25,529.85%	1,162.16%	385.37%
Return on Equity Simple (ROE_SIMPLE)	110.97%	183.64%	593.54%	-592.17%	-360.78%	390.00%	-968.93%	1,095.07%	1,450.48%	222.98%
Net Operating Profit after Tax (NOPAT)	7,488	8,553	9,249	11,865	12,104	13,851	17,418	18,294	16,484	16,423
NOPAT Margin	8.46%	9.04%	9.17%	10.97%	10.98%	10.48%	11.52%	11.62%	10.80%	10.30%
Net Nonoperating Expense Percent (NNEP)	2.78%	2.98%	2.78%	2.93%	3.04%	3.36%	2.94%	3.04%	3.32%	3.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	27.36%
Cost of Revenue to Revenue	65.81%	65.84%	65.95%	65.66%	65.91%	66.05%	66.37%	66.47%	66.62%	66.58%
SG&A Expenses to Revenue	18.98%	18.11%	17.70%	18.03%	17.91%	18.51%	16.81%	16.70%	17.42%	18.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.89%	19.97%	19.50%	19.99%	19.71%	20.12%	18.39%	18.26%	19.17%	19.92%
Earnings before Interest and Taxes (EBIT)	11,774	13,427	14,681	15,514	15,843	18,278	23,040	24,039	21,689	21,526
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13,637	15,400	16,743	17,666	18,139	20,797	25,902	27,014	24,936	25,287
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	20.62	32.45	142.05	0.00	0.00	81.11	0.00	198.47	334.37	61.24
Price to Tangible Book Value (P/TBV)	30.91	62.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.47	1.49	2.05	1.68	2.02	2.03	2.37	1.97	2.29	2.55
Price to Earnings (P/E)	18.58	17.67	23.93	16.34	19.84	20.80	21.82	18.12	23.05	27.47
Dividend Yield	2.30%	2.39%	2.01%	2.56%	2.66%	2.41%	1.92%	2.50%	2.38%	2.20%
Earnings Yield	5.38%	5.66%	4.18%	6.12%	5.04%	4.81%	4.58%	5.52%	4.34%	3.64%
Enterprise Value to Invested Capital (EV/IC)	5.90	6.37	9.24	8.19	9.62	9.10	11.00	8.34	9.41	7.85
Enterprise Value to Revenue (EV/Rev)	1.69	1.71	2.28	1.93	2.29	2.25	2.62	2.23	2.55	2.87
Enterprise Value to EBITDA (EV/EBITDA)	10.94	10.50	13.74	11.84	13.92	14.28	15.30	12.97	15.62	18.13
Enterprise Value to EBIT (EV/EBIT)	12.68	12.04	15.66	13.48	15.93	16.24	17.20	14.58	17.96	21.29
Enterprise Value to NOPAT (EV/NOPAT)	19.93	18.90	24.86	17.63	20.86	21.44	22.75	19.16	23.62	27.91
Enterprise Value to Operating Cash Flow (EV/OCF)	15.92	16.52	19.12	15.89	18.44	15.76	23.92	23.98	18.39	23.14
Enterprise Value to Free Cash Flow (EV/FCFF)	21.42	19.08	23.57	18.67	22.11	39.89	28.28	28.39	22.79	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.36	5.45	18.59	-15.55	-10.10	11.29	-23.64	27.65	42.25	8.04
Long-Term Debt to Equity	3.29	5.16	16.69	-14.27	-9.20	10.86	-21.58	26.86	40.94	7.30
Financial Leverage	2.20	3.76	7.69	-119.95	-11.37	320.73	41.85	-583.43	31.00	11.98
Leverage Ratio	5.24	7.98	15.12	-208.80	-19.07	665.67	88.87	-1,106.87	58.70	22.47
Compound Leverage Factor	4.90	7.42	14.11	-195.91	-17.71	618.32	83.84	-1,034.95	53.92	20.26
Debt to Total Capital	77.06%	84.49%	94.90%	106.87%	110.98%	91.86%	104.42%	96.51%	97.69%	88.94%
Short-Term Debt to Total Capital	1.55%	4.48%	9.69%	8.77%	9.92%	3.49%	9.07%	2.75%	3.03%	8.16%
Long-Term Debt to Total Capital	75.51%	80.01%	85.20%	98.11%	101.07%	88.37%	95.35%	93.76%	94.66%	80.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.94%	15.51%	5.11%	-6.87%	-10.98%	8.14%	-4.42%	3.49%	2.31%	11.06%
Debt to EBITDA	1.56	1.53	1.61	1.65	1.74	1.79	1.55	1.60	1.77	2.11
Net Debt to EBITDA	1.39	1.37	1.40	1.55	1.62	1.41	1.46	1.50	1.62	2.05
Long-Term Debt to EBITDA	1.52	1.45	1.45	1.52	1.58	1.72	1.41	1.55	1.71	1.92
Debt to NOPAT	2.83	2.76	2.92	2.46	2.60	2.69	2.30	2.36	2.68	3.25
Net Debt to NOPAT	2.54	2.46	2.53	2.31	2.42	2.12	2.17	2.21	2.45	3.15
Long-Term Debt to NOPAT	2.78	2.61	2.62	2.26	2.37	2.59	2.10	2.29	2.59	2.95
Altman Z-Score	6.37	6.67	7.56	7.53	7.08	6.36	7.41	7.14	7.36	6.47
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	1.25	1.17	1.11	1.08	1.23	1.01	1.41	1.35	1.11
Quick Ratio	0.33	0.32	0.34	0.22	0.23	0.47	0.20	0.26	0.32	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,968	8,473	9,758	11,206	11,416	7,443	14,013	12,343	17,087	-546
Operating Cash Flow to CapEx	712.23%	618.00%	650.32%	539.11%	511.09%	764.88%	645.79%	468.58%	656.29%	568.44%
Free Cash Flow to Firm to Interest Expense	7.58	8.72	9.23	10.66	9.51	5.53	10.40	7.63	8.79	-0.24
Operating Cash Flow to Interest Expense	10.20	10.06	11.38	12.53	11.40	13.99	12.30	9.04	10.90	8.54
Operating Cash Flow Less CapEx to Interest Expense	8.77	8.44	9.63	10.20	9.17	12.16	10.40	7.11	9.24	7.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.16	2.23	2.31	2.44	2.31	2.17	2.12	2.12	2.00	1.85
Accounts Receivable Turnover	52.47	48.28	50.69	55.66	54.54	51.83	47.10	46.69	45.95	38.76
Inventory Turnover	5.09	5.11	5.26	5.33	5.11	5.60	5.19	4.46	4.44	4.78
Fixed Asset Turnover	3.94	4.29	4.59	0.00	0.00	5.57	6.06	6.19	5.90	6.04
Accounts Payable Turnover	9.42	9.18	9.34	9.47	9.35	9.00	8.00	8.40	9.47	9.67
Days Sales Outstanding (DSO)	6.96	7.56	7.20	6.56	6.69	7.04	7.75	7.82	7.94	9.42
Days Inventory Outstanding (DIO)	71.70	71.37	69.37	68.52	71.48	65.17	70.39	81.90	82.29	76.34
Days Payable Outstanding (DPO)	38.76	39.75	39.06	38.53	39.04	40.56	45.60	43.44	38.54	37.76
Cash Conversion Cycle (CCC)	39.90	39.19	37.51	36.55	39.13	31.65	32.54	46.28	51.69	48.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	25,316	25,396	24,887	25,546	26,234	32,642	36,047	41,998	41,395	58,364
Invested Capital Turnover	3.53	3.73	4.01	4.29	4.26	4.49	4.40	4.03	3.66	3.20
Increase / (Decrease) in Invested Capital	520	80	-509	659	688	6,408	3,405	5,951	-603	16,969
Enterprise Value (EV)	149,254	161,647	229,976	209,185	252,433	296,919	396,344	350,442	389,438	458,389
Market Capitalization	130,254	140,584	206,543	181,761	223,083	267,576	358,601	310,006	349,087	406,665
Book Value per Share	$4.98	$3.56	$1.25	($1.66)	($2.86)	$3.06	($1.62)	$1.53	$1.05	$6.68
Tangible Book Value per Share	$3.32	$1.84	($0.70)	($3.66)	($4.92)	($3.55)	($8.76)	($5.77)	($11.07)	($21.96)
Total Capital	27,532	27,934	28,482	27,324	28,367	40,537	38,390	44,755	45,155	60,023
Total Debt	21,216	23,601	27,028	29,202	31,483	37,238	40,086	43,193	44,111	53,383
Total Long-Term Debt	20,789	22,349	24,267	26,807	28,670	35,822	36,604	41,962	42,743	48,485
Net Debt	19,000	21,063	23,433	27,424	29,350	29,343	37,743	40,436	40,351	51,724
Capital Expenditures (CapEx)	1,316	1,583	1,850	2,442	2,678	2,463	2,566	3,119	3,226	3,485
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,171	2,305	1,905	2,430	2,115	-1,168	1,501	7,835	5,368	6,261
Debt-free Net Working Capital (DFNWC)	4,387	4,843	5,500	4,208	4,248	6,727	3,844	10,592	9,128	7,920
Net Working Capital (NWC)	3,960	3,591	2,739	1,813	1,435	5,311	362	9,361	7,760	3,022
Net Nonoperating Expense (NNE)	479	596	619	744	862	985	985	1,189	1,341	1,617
Net Nonoperating Obligations (NNO)	19,000	21,063	23,433	27,424	29,350	29,343	37,743	40,436	40,351	51,724
Total Depreciation and Amortization (D&A)	1,863	1,973	2,062	2,152	2,296	2,519	2,862	2,975	3,247	3,761
Debt-free, Cash-free Net Working Capital to Revenue	2.45%	2.44%	1.89%	2.25%	1.92%	-0.88%	0.99%	4.98%	3.52%	3.93%
Debt-free Net Working Capital to Revenue	4.96%	5.12%	5.45%	3.89%	3.85%	5.09%	2.54%	6.73%	5.98%	4.97%
Net Working Capital to Revenue	4.47%	3.80%	2.71%	1.68%	1.30%	4.02%	0.24%	5.95%	5.08%	1.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.49	$6.47	$7.33	$9.78	$10.29	$11.98	$15.59	$16.74	$15.16	$14.96
Adjusted Weighted Average Basic Shares Outstanding	1.28B	1.23B	1.18B	1.14B	1.09B	1.07B	1.05B	1.02B	999M	990M
Adjusted Diluted Earnings per Share	$5.46	$6.45	$7.29	$9.73	$10.25	$11.94	$15.53	$16.69	$15.11	$14.91
Adjusted Weighted Average Diluted Shares Outstanding	1.28B	1.23B	1.18B	1.14B	1.10B	1.08B	1.06B	1.03B	1.00B	993M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.25B	1.20B	1.16B	1.10B	1.07B	1.08B	1.03B	1.01B	991.02M	994.03M
Normalized Net Operating Profit after Tax (NOPAT)	7,488	8,553	9,249	12,054	12,104	13,851	17,418	18,294	16,484	16,423
Normalized NOPAT Margin	8.46%	9.04%	9.17%	11.14%	10.98%	10.48%	11.52%	11.62%	10.80%	10.30%
Pre Tax Income Margin	12.45%	13.20%	13.58%	13.45%	13.35%	12.85%	14.38%	14.28%	13.05%	12.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.81	13.81	13.89	14.76	13.19	13.57	17.10	14.87	11.16	9.27
NOPAT to Interest Expense	8.15	8.80	8.75	11.29	10.08	10.28	12.93	11.31	8.48	7.08
EBIT Less CapEx to Interest Expense	11.38	12.19	12.14	12.44	10.96	11.74	15.20	12.94	9.50	7.77
NOPAT Less CapEx to Interest Expense	6.72	7.17	7.00	8.97	7.85	8.45	11.03	9.38	6.82	5.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.24%	42.78%	48.81%	42.30%	53.00%	50.14%	42.51%	45.54%	55.36%	60.31%
Augmented Payout Ratio	143.12%	129.24%	141.51%	131.89%	114.95%	56.29%	132.62%	84.68%	107.87%	64.69%

This table displays calculated financial ratios and metrics derived from Home Depot's official financial filings.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	7/31/2022	10/30/2022	1/29/2023	4/30/2023	7/30/2023	10/29/2023	1/28/2024	4/28/2024	7/28/2024	10/27/2024	2/2/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.50%	5.57%	0.31%	-4.24%	-2.00%	-2.99%	-2.92%	-2.25%	0.60%	6.65%	14.14%
EBITDA Growth	8.24%	5.87%	-0.86%	-4.69%	-8.30%	-9.55%	-9.73%	-6.75%	0.22%	2.89%	10.63%
EBIT Growth	8.60%	6.09%	-1.51%	-6.38%	-8.61%	-12.07%	-12.82%	-8.50%	-0.83%	0.22%	8.50%
NOPAT Growth	8.09%	6.19%	2.37%	-6.75%	-8.74%	-10.76%	-14.37%	-6.56%	-1.06%	-1.15%	10.06%
Net Income Growth	7.61%	5.09%	0.30%	-8.46%	-9.94%	-12.19%	-16.69%	-7.05%	-2.10%	-4.25%	7.00%
EPS Growth	11.48%	8.16%	2.80%	-6.60%	-7.92%	-10.14%	-14.50%	-4.97%	-1.08%	-3.67%	6.36%
Operating Cash Flow Growth	-6.71%	-17.45%	44.24%	48.17%	94.25%	49.14%	3.03%	-2.08%	-17.93%	-0.02%	-1.31%
Free Cash Flow Firm Growth	89.57%	76.12%	-1,312.44%	95.00%	601.92%	327.89%	265.06%	6,242.93%	-397.71%	-389.22%	-459.88%
Invested Capital Growth	18.79%	19.03%	16.51%	11.57%	1.55%	-1.19%	-1.44%	-2.34%	44.10%	42.45%	40.99%
Revenue Q/Q Growth	12.55%	-11.23%	-7.82%	3.98%	15.19%	-12.13%	-7.75%	4.69%	18.55%	-6.85%	-1.28%
EBITDA Q/Q Growth	19.53%	-13.39%	-20.03%	15.12%	15.01%	-14.57%	-21.29%	18.91%	23.60%	-12.29%	-14.17%
EBIT Q/Q Growth	21.61%	-14.73%	-22.71%	16.81%	18.70%	-17.95%	-23.36%	22.59%	28.65%	-17.08%	-17.04%
NOPAT Q/Q Growth	21.02%	-14.91%	-20.84%	14.40%	18.43%	-16.79%	-24.04%	24.84%	25.40%	-16.87%	-15.43%
Net Income Q/Q Growth	22.26%	-16.12%	-22.52%	15.20%	20.29%	-18.22%	-26.48%	28.53%	26.69%	-20.02%	-17.85%
EPS Q/Q Growth	23.47%	-16.04%	-21.93%	15.41%	21.73%	-18.06%	-25.72%	28.27%	26.72%	-20.22%	-17.98%
Operating Cash Flow Q/Q Growth	-10.45%	-16.33%	61.82%	22.20%	17.40%	-35.76%	11.79%	16.14%	-1.60%	-21.74%	10.35%
Free Cash Flow Firm Q/Q Growth	45.52%	-134.55%	-11.53%	96.49%	5,568.83%	6.49%	-19.22%	30.57%	-365.04%	-3.46%	-0.52%
Invested Capital Q/Q Growth	7.93%	4.48%	0.47%	-1.53%	-1.76%	1.66%	0.23%	-2.44%	44.95%	0.50%	-0.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.07%	34.02%	33.28%	33.70%	32.99%	33.78%	33.08%	34.14%	33.39%	33.38%	32.83%
EBITDA Margin	18.17%	17.73%	15.38%	17.03%	17.00%	16.53%	14.30%	16.24%	16.94%	15.95%	13.86%
Operating Margin	16.46%	15.82%	13.26%	14.90%	15.35%	14.34%	11.91%	13.95%	15.13%	13.47%	11.32%
EBIT Margin	16.46%	15.82%	13.26%	14.90%	15.35%	14.34%	11.91%	13.95%	15.13%	13.47%	11.32%
Profit (Net Income) Margin	11.81%	11.16%	9.38%	10.40%	10.86%	10.10%	8.05%	9.89%	10.56%	9.07%	7.55%
Tax Burden Percent	75.73%	75.57%	77.39%	75.79%	75.62%	76.69%	76.01%	77.40%	75.45%	75.64%	77.10%
Interest Burden Percent	94.74%	93.40%	91.41%	92.06%	93.50%	91.90%	88.95%	91.57%	92.52%	89.02%	86.47%
Effective Tax Rate	24.27%	24.43%	22.61%	24.21%	24.38%	23.31%	23.99%	22.60%	24.55%	24.36%	22.90%
Return on Invested Capital (ROIC)	52.54%	48.88%	41.40%	44.85%	44.60%	40.67%	33.15%	40.10%	35.02%	31.46%	27.92%
ROIC Less NNEP Spread (ROIC-NNEP)	51.73%	48.06%	40.59%	44.02%	43.78%	39.84%	32.28%	39.27%	34.23%	30.50%	26.90%
Return on Net Nonoperating Assets (RNNOA)	1,601.26%	1,536.36%	-23,683.79%	-2,606.70%	2,201.94%	1,173.67%	1,000.84%	1,431.81%	555.68%	392.68%	322.30%
Return on Equity (ROE)	1,653.80%	1,585.24%	-23,642.39%	-2,561.85%	2,246.54%	1,214.35%	1,033.98%	1,471.92%	590.70%	424.14%	350.22%
Cash Return on Invested Capital (CROIC)	31.52%	29.97%	31.63%	34.94%	41.90%	42.15%	40.98%	42.03%	-3.55%	-2.84%	-1.09%
Operating Return on Assets (OROA)	34.87%	33.19%	28.15%	30.34%	31.24%	28.91%	23.77%	27.21%	26.57%	24.10%	20.92%
Return on Assets (ROA)	25.02%	23.43%	19.91%	21.17%	22.09%	20.38%	16.07%	19.29%	18.55%	16.23%	13.95%
Return on Common Equity (ROCE)	1,653.80%	1,585.24%	-23,642.39%	-2,561.85%	2,246.54%	1,214.35%	1,033.98%	1,471.92%	590.70%	424.14%	350.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	1,317.03%	0.00%	4,626.24%	1,215.96%	1,098.18%	0.00%	817.03%	334.21%	252.51%	0.00%
Net Operating Profit after Tax (NOPAT)	5,460	4,646	3,678	4,207	4,983	4,146	3,149	3,931	4,930	4,098	3,466
NOPAT Margin	12.47%	11.95%	10.26%	11.29%	11.61%	10.99%	9.05%	10.79%	11.42%	10.19%	8.73%
Net Nonoperating Expense Percent (NNEP)	0.80%	0.82%	0.81%	0.84%	0.82%	0.84%	0.86%	0.83%	0.79%	0.97%	1.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	5.77%
Cost of Revenue to Revenue	66.93%	65.98%	66.72%	66.30%	67.01%	66.22%	66.92%	65.86%	66.61%	66.62%	67.17%
SG&A Expenses to Revenue	15.20%	16.64%	18.28%	17.06%	16.11%	17.63%	19.20%	18.31%	16.55%	17.93%	19.46%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.61%	18.20%	20.02%	18.80%	17.63%	19.44%	21.17%	20.19%	18.26%	19.91%	21.51%
Earnings before Interest and Taxes (EBIT)	7,210	6,148	4,752	5,551	6,589	5,406	4,143	5,079	6,534	5,418	4,495
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,956	6,891	5,511	6,344	7,296	6,233	4,975	5,916	7,312	6,413	5,504
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1,237.82	224.87	198.47	815.18	243.16	188.45	334.37	181.20	80.66	68.48	61.24
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.89	1.86	1.97	1.89	2.10	1.75	2.29	2.17	2.34	2.56	2.55
Price to Earnings (P/E)	17.37	17.07	18.12	17.62	20.00	17.16	23.05	22.18	24.13	27.12	27.47
Dividend Yield	2.49%	2.58%	2.50%	2.68%	2.47%	3.03%	2.38%	2.56%	2.41%	2.22%	2.20%
Earnings Yield	5.76%	5.86%	5.52%	5.68%	5.00%	5.83%	4.34%	4.51%	4.14%	3.69%	3.64%
Enterprise Value to Invested Capital (EV/IC)	8.33	7.95	8.34	8.13	8.96	7.49	9.41	9.12	7.01	7.64	7.85
Enterprise Value to Revenue (EV/Rev)	2.15	2.11	2.23	2.16	2.35	2.01	2.55	2.43	2.70	2.91	2.87
Enterprise Value to EBITDA (EV/EBITDA)	12.49	12.28	12.97	12.59	13.97	12.21	15.62	15.03	16.74	18.25	18.13
Enterprise Value to EBIT (EV/EBIT)	14.02	13.79	14.58	14.20	15.79	13.87	17.96	17.36	19.40	21.22	21.29
Enterprise Value to NOPAT (EV/NOPAT)	18.57	18.25	19.16	18.68	20.78	18.18	23.62	22.73	25.42	27.89	27.91
Enterprise Value to Operating Cash Flow (EV/OCF)	24.13	25.17	23.98	20.44	18.53	14.71	18.39	17.49	20.66	22.61	23.14
Enterprise Value to Free Cash Flow (EV/FCFF)	28.69	28.84	28.39	24.53	21.54	17.67	22.79	21.45	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	173.11	33.10	27.65	116.72	31.54	29.32	42.25	23.53	12.61	9.43	8.04
Long-Term Debt to Equity	165.70	32.16	26.86	113.02	30.53	28.37	40.94	23.11	11.74	8.65	7.30
Financial Leverage	30.95	31.97	-583.43	-59.22	50.29	29.46	31.00	36.46	16.23	12.88	11.98
Leverage Ratio	63.57	64.25	-1,106.87	-113.55	96.83	55.88	58.70	71.32	30.10	23.95	22.47
Compound Leverage Factor	60.23	60.01	-1,011.84	-104.53	90.54	51.35	52.21	65.31	27.85	21.32	19.43
Debt to Total Capital	99.43%	97.07%	96.51%	99.15%	96.93%	96.70%	97.69%	95.92%	92.65%	90.41%	88.94%
Short-Term Debt to Total Capital	4.26%	2.77%	2.75%	3.14%	3.11%	3.14%	3.03%	1.73%	6.43%	7.49%	8.16%
Long-Term Debt to Total Capital	95.17%	94.30%	93.76%	96.01%	93.81%	93.56%	94.66%	94.20%	86.23%	82.93%	80.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.57%	2.93%	3.49%	0.85%	3.07%	3.30%	2.31%	4.08%	7.35%	9.59%	11.06%
Debt to EBITDA	1.54	1.59	1.60	1.58	1.62	1.65	1.77	1.75	2.27	2.22	2.11
Net Debt to EBITDA	1.49	1.50	1.50	1.54	1.51	1.57	1.62	1.57	2.21	2.16	2.05
Long-Term Debt to EBITDA	1.47	1.54	1.55	1.53	1.56	1.60	1.71	1.72	2.12	2.03	1.92
Debt to NOPAT	2.29	2.36	2.36	2.35	2.40	2.46	2.68	2.64	3.45	3.39	3.25
Net Debt to NOPAT	2.22	2.22	2.21	2.28	2.24	2.34	2.45	2.38	3.35	3.29	3.15
Long-Term Debt to NOPAT	2.19	2.29	2.29	2.27	2.33	2.38	2.59	2.59	3.21	3.11	2.95
Altman Z-Score	6.12	6.15	6.30	6.16	6.52	6.10	6.60	6.31	5.42	5.70	5.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.39	1.41	1.27	1.31	1.30	1.35	1.34	1.15	1.13	1.11
Quick Ratio	0.18	0.26	0.26	0.22	0.27	0.25	0.32	0.34	0.25	0.25	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-869	-2,038	-2,273	-80	4,362	4,645	3,752	4,899	-12,985	-13,434	-13,503
Operating Cash Flow to CapEx	456.66%	369.18%	508.75%	620.33%	832.20%	631.00%	551.63%	649.00%	752.29%	517.48%	424.25%
Free Cash Flow to Firm to Interest Expense	-2.28	-4.94	-5.04	-0.17	9.30	9.54	7.31	10.10	-22.66	-21.49	-21.16
Operating Cash Flow to Interest Expense	8.91	6.87	10.19	11.84	14.05	8.69	9.23	11.33	9.44	6.77	7.32
Operating Cash Flow Less CapEx to Interest Expense	6.96	5.01	8.18	9.93	12.36	7.32	7.55	9.59	8.19	5.46	5.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.12	2.10	2.12	2.04	2.04	2.02	2.00	1.95	1.76	1.79	1.85
Accounts Receivable Turnover	44.06	43.30	46.69	38.23	40.97	40.11	45.95	36.51	32.57	31.83	38.76
Inventory Turnover	4.59	4.52	4.46	4.09	4.17	4.22	4.44	4.23	4.36	4.40	4.78
Fixed Asset Turnover	6.21	6.27	6.19	6.13	6.06	6.03	5.90	5.88	5.79	5.91	6.04
Accounts Payable Turnover	7.60	8.11	8.40	7.40	7.79	8.57	9.47	8.02	7.98	8.23	9.67
Days Sales Outstanding (DSO)	8.28	8.43	7.82	9.55	8.91	9.10	7.94	10.00	11.21	11.47	9.42
Days Inventory Outstanding (DIO)	79.58	80.80	81.90	89.29	87.44	86.53	82.29	86.35	83.71	82.90	76.34
Days Payable Outstanding (DPO)	48.05	44.98	43.44	49.34	46.86	42.59	38.54	45.52	45.74	44.35	37.76
Cash Conversion Cycle (CCC)	39.82	44.25	46.28	49.50	49.48	53.05	51.69	50.83	49.18	50.02	48.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	40,006	41,800	41,998	41,355	40,627	41,301	41,395	40,387	58,542	58,833	58,364
Invested Capital Turnover	4.21	4.09	4.03	3.97	3.84	3.70	3.66	3.71	3.07	3.09	3.20
Increase / (Decrease) in Invested Capital	6,329	6,684	5,951	4,287	621	-499	-603	-968	17,915	17,532	16,969
Enterprise Value (EV)	333,133	332,385	350,442	336,090	363,910	309,351	389,438	368,354	410,617	449,282	458,389
Market Capitalization	293,364	291,883	310,006	295,097	324,618	269,480	349,087	329,787	356,495	396,235	406,665
Book Value per Share	$0.23	$1.27	$1.53	$0.36	$1.33	$1.43	$1.05	$1.84	$4.46	$5.83	$6.68
Tangible Book Value per Share	($7.02)	($5.99)	($5.77)	($6.98)	($6.30)	($6.51)	($11.07)	($6.70)	($24.41)	($22.91)	($21.96)
Total Capital	41,265	44,262	44,755	42,615	43,441	43,359	45,155	44,651	60,155	60,364	60,023
Total Debt	41,028	42,964	43,193	42,253	42,106	41,929	44,111	42,831	55,735	54,578	53,383
Total Long-Term Debt	39,271	41,740	41,962	40,915	40,754	40,567	42,743	42,060	51,869	50,058	48,485
Net Debt	39,769	40,502	40,436	40,993	39,292	39,871	40,351	38,567	54,122	53,047	51,724
Capital Expenditures (CapEx)	743	769	903	905	792	671	858	847	719	818	1,101
Debt-free, Cash-free Net Working Capital (DFCFNWC)	5,605	8,163	7,835	7,055	6,141	6,414	5,368	4,770	6,403	6,846	6,261
Debt-free Net Working Capital (DFNWC)	6,864	10,625	10,592	8,315	8,955	8,472	9,128	9,034	8,016	8,377	7,920
Net Working Capital (NWC)	5,107	9,401	9,361	6,977	7,603	7,110	7,760	8,263	4,150	3,857	3,022
Net Nonoperating Expense (NNE)	287	307	316	334	324	336	348	331	369	450	469
Net Nonoperating Obligations (NNO)	39,769	40,502	40,436	40,993	39,292	39,871	40,351	38,567	54,122	53,047	51,724
Total Depreciation and Amortization (D&A)	746	743	759	793	707	827	832	837	778	995	1,009
Debt-free, Cash-free Net Working Capital to Revenue	3.61%	5.19%	4.98%	4.53%	3.97%	4.17%	3.52%	3.14%	4.21%	4.43%	3.93%
Debt-free Net Working Capital to Revenue	4.42%	6.76%	6.73%	5.34%	5.78%	5.51%	5.98%	5.95%	5.27%	5.42%	4.97%
Net Working Capital to Revenue	3.29%	5.98%	5.95%	4.48%	4.91%	4.63%	5.08%	5.44%	2.73%	2.49%	1.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.06	$4.25	$3.32	$3.83	$4.66	$3.83	$2.84	$3.64	$4.61	$3.68	$3.03
Adjusted Weighted Average Basic Shares Outstanding	1.02B	1.02B	1.02B	1.01B	1B	996M	999M	989M	990M	991M	990M
Adjusted Diluted Earnings per Share	$5.05	$4.24	$3.31	$3.82	$4.65	$3.81	$2.83	$3.63	$4.60	$3.67	$3.01
Adjusted Weighted Average Diluted Shares Outstanding	1.03B	1.02B	1.03B	1.01B	1.00B	999M	1.00B	992M	992M	993M	993M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.02B	1.02B	1.01B	1.01B	1.00B	995.26M	991.02M	991.61M	993.29M	993.36M	994.03M
Normalized Net Operating Profit after Tax (NOPAT)	5,460	4,646	3,678	4,207	4,983	4,146	3,149	3,931	4,930	4,098	3,466
Normalized NOPAT Margin	12.47%	11.95%	10.26%	11.29%	11.61%	10.99%	9.05%	10.79%	11.42%	10.19%	8.73%
Pre Tax Income Margin	15.60%	14.77%	12.12%	13.72%	14.36%	13.17%	10.59%	12.77%	14.00%	11.99%	9.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.92	14.89	10.54	11.71	14.05	11.10	8.08	10.47	11.40	8.67	7.05
NOPAT to Interest Expense	14.33	11.25	8.15	8.88	10.62	8.51	6.14	8.11	8.60	6.56	5.43
EBIT Less CapEx to Interest Expense	16.97	13.02	8.53	9.80	12.36	9.72	6.40	8.73	10.15	7.36	5.32
NOPAT Less CapEx to Interest Expense	12.38	9.39	6.15	6.97	8.94	7.14	4.47	6.36	7.35	5.25	3.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.64%	44.32%	45.54%	47.44%	49.86%	52.45%	55.36%	57.12%	58.41%	60.05%	60.31%
Augmented Payout Ratio	113.92%	100.31%	84.68%	90.88%	97.22%	103.55%	107.87%	95.54%	83.09%	74.66%	64.69%

Key Financial Trends

Home Depot (NYSE: HD) has demonstrated solid financial performance over the past four years, with a generally upward trend in revenue, profits, and operational cash flows, alongside a healthy balance sheet position. Below are the key highlights and trends observed from the quarterly financial data spanning from 2021 to 2024.

Revenue Growth: Home Depot's total revenue has generally increased from approximately $35.7 billion in Q4 2021 to $39.7 billion in Q4 2024, showing resilience and growth in sales despite market fluctuations.
Gross Profit Expansion: Gross profit rose from about $11.86 billion in Q4 2021 to $13.03 billion in Q4 2024, reflecting improved margin management and pricing power.
Net Income Growth: Net income attributable to common shareholders increased from roughly $3.35 billion in Q4 2021 to $3.0 billion in Q4 2024. Although the Q4 2024 net income shows a slight decline compared to some prior quarters, overall profitability remains strong.
Operating Income Stability: Operating income increased from $4.825 billion in Q4 2021 to $4.495 billion in Q4 2024, indicating consistent operational efficiency.
Cash Flow from Operations: Home Depot generated strong operational cash flows, with $4.67 billion in Q4 2024, highlighting robust cash-generating capability.
Capital Expenditures Investment: The company continues to invest heavily in property, plant & equipment (about $1.1 billion in Q4 2024), signaling reinvestment for future growth and store improvement.
Consistent Dividend Payments: Dividends per share have steadily increased over time from $1.65 in early 2021 to $2.25 per share in recent quarters, indicating strong shareholder returns and confidence.
Debt Levels: Home Depot’s long-term debt has risen significantly, from roughly $36.6 billion in Q4 2021 to about $50 billion by Q3 2024. The company appears to be managing this debt with ongoing repayments, but rising leverage should be monitored.
Balance Sheet Equity: Total common equity has fluctuated, with some quarters showing relatively low equity levels compared to liabilities, which is common with significant treasury stock repurchases. This calls for attention to leverage and equity adequacy.
Fluctuating Net Income and Margins: While net income remains robust, some recent quarters (e.g., Q4 2024) show a decline compared to earlier periods like Q3 2024 ($2.997 billion vs. $3.65 billion), and earnings per share fell slightly to $3.03 diluted in Q4 2024 from a peak of $4.61 in Q2 2024, suggesting margin pressures.

Trend Summary: Over the last four years, Home Depot has maintained steady revenue growth and solid profitability, with strong free cash flow enabling sustained dividend increases and reinvestment. The increase in debt levels warrants ongoing observation but appears managed by consistent cash flows. Earnings have experienced some pressure in the latest quarter, indicative of competitive or economic headwinds, but overall financial health remains strong for this leading home improvement retailer.

08/04/25 02:42 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Home Depot's Financials

When does Home Depot's financial year end?

According to the most recent income statement we have on file, Home Depot's fiscal year ends in February. Their fiscal year 2025 ended on February 2, 2025.

How has Home Depot's net income changed over the last 9 years?

Home Depot's net income appears to be on an upward trend, with a most recent value of $14.81 billion in 2024, rising from $7.01 billion in 2015. The previous period was $15.14 billion in 2023. See where experts think Home Depot is headed by visiting Home Depot's forecast page.

What is Home Depot's operating income?

Home Depot's total operating income in 2024 was $21.53 billion, based on the following breakdown:

Total Gross Profit: $53.31 billion
Total Operating Expenses: $31.78 billion

How has Home Depot's revenue changed over the last 9 years?

Over the last 9 years, Home Depot's total revenue changed from $88.52 billion in 2015 to $159.51 billion in 2024, a change of 80.2%.

How much debt does Home Depot have?

Home Depot's total liabilities were at $89.48 billion at the end of 2024, a 18.5% increase from 2023, and a 150.9% increase since 2015.

How much cash does Home Depot have?

In the past 9 years, Home Depot's cash and equivalents has ranged from $1.66 billion in 2024 to $7.90 billion in 2020, and is currently $1.66 billion as of their latest financial filing in 2024.

How has Home Depot's book value per share changed over the last 9 years?

Over the last 9 years, Home Depot's book value per share changed from 4.98 in 2015 to 6.68 in 2024, a change of 34.2%.

Related Companies

This page (NYSE:HD) was last updated on 8/4/2025 by MarketBeat.com Staff

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Home Depot (HD) Financials

Key Financial Trends

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Home Depot (HD) Financials

Annual Income Statements for Home Depot

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