Home Depot (HD) Financials

$376.84 -2.54 (-0.67%)

As of 03:59 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/2/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	2/2/2020	2/3/2019	1/28/2018	1/29/2017	1/31/2016
Net Income / (Loss) Attributable to Common Shareholders	14,806	15,143	17,105	16,433	12,866	11,242	11,121	8,630	7,957	7,009
Consolidated Net Income / (Loss)	14,806	15,143	17,105	16,433	12,866	11,242	11,121	8,630	7,957	7,009
Net Income / (Loss) Continuing Operations	14,806	15,143	17,105	16,433	12,866	11,242	11,121	8,630	7,957	7,009
Total Pre-Tax Income	19,406	19,924	22,477	21,737	16,978	14,715	14,556	13,698	12,491	11,021
Total Operating Income	21,526	21,689	24,039	23,040	18,278	15,843	15,530	14,681	13,427	11,774
Total Gross Profit	53,308	50,960	52,778	50,832	44,853	37,572	37,160	34,356	32,313	30,265
Total Revenue	159,514	152,669	157,403	151,157	132,110	110,225	108,203	100,904	94,595	88,519
Operating Revenue	159,514	152,669	157,403	151,157	132,110	110,225	108,203	100,904	94,595	88,519
Total Cost of Revenue	106,206	101,709	104,625	100,325	87,257	72,653	71,043	66,548	62,282	58,254
Operating Cost of Revenue	106,206	101,709	104,625	100,325	87,257	72,653	71,043	66,548	62,282	58,254
Total Operating Expenses	31,782	29,271	28,739	27,792	26,575	21,729	21,630	19,675	18,886	18,491
Selling, General & Admin Expense	28,748	26,598	26,284	25,406	24,447	19,740	19,513	17,864	17,132	16,801
Depreciation Expense	3,034	2,673	2,455	2,386	2,128	1,989	1,870	1,811	1,754	1,690
Total Other Income / (Expense), net	-2,120	-1,765	-1,562	-1,303	-1,300	-1,128	-974	-983	-936	-753
Interest Expense	2,321	1,943	1,617	1,347	1,347	1,201	1,051	1,057	972	919
Interest & Investment Income	201	178	55	44	47	73	93	74	36	166
Income Tax Expense	4,600	4,781	5,372	5,304	4,112	3,473	3,435	5,068	4,534	4,012
Basic Earnings per Share	$14.96	$15.16	$16.74	$15.59	$11.98	$10.29	$9.78	$7.33	$6.47	$5.49
Weighted Average Basic Shares Outstanding	990M	999M	1.02B	1.05B	1.07B	1.09B	1.14B	1.18B	1.23B	1.28B
Diluted Earnings per Share	$14.91	$15.11	$16.69	$15.53	$11.94	$10.25	$9.73	$7.29	$6.45	$5.46
Weighted Average Diluted Shares Outstanding	993M	1.00B	1.03B	1.06B	1.08B	1.10B	1.14B	1.18B	1.23B	1.28B
Weighted Average Basic & Diluted Shares Outstanding	994.03M	991.02M	1.01B	1.03B	1.08B	1.07B	1.14B	1.18B	1.23B	1.28B
Cash Dividends to Common per Share	$9.00	$8.36	$7.60	$6.60	$6.00	$5.44	$4.12	$3.56	$2.76	$2.36

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

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

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

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/2/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	2/2/2020	2/3/2019	1/28/2018	1/29/2017	1/31/2016
Total Assets	96,119	76,530	76,445	71,876	70,581	51,236	44,003	44,529	42,966	41,973
Total Current Assets	31,683	29,775	32,471	29,055	28,477	19,810	18,529	18,933	17,724	16,484
Cash & Equivalents	1,659	3,760	2,757	2,343	7,895	2,133	1,778	3,595	2,538	2,216
Accounts Receivable	4,903	3,328	3,317	3,426	2,992	2,106	1,936	1,952	2,029	1,890
Inventories, net	23,451	20,976	24,886	22,068	16,627	14,531	13,925	12,748	12,549	11,809
Other Current Assets	1,670	1,711	1,511	1,218	963	1,040	890	638	608	569
Plant, Property, & Equipment, net	26,702	26,154	25,631	25,199	24,705	22,770	0.00	22,075	21,914	22,191
Total Noncurrent Assets	37,734	20,601	18,343	17,622	17,399	8,656	25,474	3,521	3,328	3,298
Goodwill	19,475	8,455	7,444	7,449	7,126	2,254	2,252	2,275	2,093	2,102
Intangible Assets	8,983	3,606	-	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	9,276	8,540	10,899	10,173	10,273	6,402	23,222	1,246	1,235	1,196
Total Liabilities & Shareholders' Equity	96,119	76,530	76,445	71,876	70,581	51,236	44,003	44,529	42,966	41,973
Total Liabilities	89,479	75,486	74,883	73,572	67,282	54,352	45,881	43,075	38,633	35,657
Total Current Liabilities	28,661	22,015	23,110	28,693	23,166	18,375	16,716	16,194	14,133	12,524
Short-Term Debt	4,898	1,368	1,231	3,482	1,416	2,813	2,395	2,761	1,252	427
Accounts Payable	11,938	10,037	11,443	13,462	11,606	7,787	7,755	7,244	7,000	6,565
Accrued Expenses	4,166	4,225	3,858	3,891	3,063	2,677	2,611	2,170	2,195	1,941
Current Deferred Revenue	2,610	2,762	3,064	3,596	2,823	2,116	1,782	1,805	1,669	1,566
Current Deferred & Payable Income Tax Liabilities	832	28	50	158	193	55	11	54	25	34
Current Employee Benefit Liabilities	2,315	2,096	1,991	2,426	2,463	1,494	1,506	1,640	1,484	1,515
Other Taxes Payable	628	449	528	848	774	605	656	520	508	476
Other Current Liabilities	1,274	1,050	945	830	828	828	0.00	-	-	-
Total Noncurrent Liabilities	60,818	53,471	51,773	44,879	44,116	35,977	29,165	26,881	24,500	23,133
Long-Term Debt	48,485	42,743	41,962	36,604	35,822	28,670	26,807	24,267	22,349	20,789
Noncurrent Deferred & Payable Income Tax Liabilities	1,962	863	1,019	909	1,131	706	491	440	296	379
Other Noncurrent Operating Liabilities	10,371	9,865	8,792	7,366	7,163	6,601	1,867	2,174	1,855	1,965
Total Equity & Noncontrolling Interests	6,640	1,044	1,562	-1,696	3,299	-3,116	-1,878	1,454	4,333	6,316
Total Preferred & Common Equity	6,640	1,044	1,562	-1,696	3,299	-3,116	-1,878	1,454	4,333	6,316
Total Common Equity	6,640	1,044	1,562	-1,696	3,299	-3,116	-1,878	1,454	4,333	6,316
Common Stock	14,207	13,237	12,682	12,222	11,629	11,090	10,667	10,281	9,875	9,435
Retained Earnings	89,533	83,656	76,896	67,580	58,134	51,729	46,423	39,935	35,519	30,973
Treasury Stock	-95,971	-95,372	-87,298	-80,794	-65,793	-65,196	-58,196	-48,196	-40,194	-33,194
Accumulated Other Comprehensive Income / (Loss)	-1,129	-477	-718	-704	-671	-739	-772	-566	-867	-898
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	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022
Period end date	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022	5/1/2022
Total Assets	97,264	96,846	79,230	76,530	75,577	76,387	76,386	76,445	76,866	75,825	76,567
Total Current Assets	32,949	32,273	32,622	29,775	30,682	31,830	32,423	32,471	33,681	32,941	33,867
Cash & Equivalents	1,531	1,613	4,264	3,760	2,058	2,814	1,260	2,757	2,462	1,259	2,844
Accounts Receivable	5,782	5,503	4,105	3,328	3,932	3,836	4,213	3,317	3,732	3,725	3,936
Inventories, net	23,897	23,060	22,416	20,976	22,805	23,265	25,371	24,886	25,719	26,088	25,297
Other Current Assets	1,739	2,097	1,837	1,711	1,887	1,915	1,579	1,511	1,768	1,869	1,790
Plant, Property, & Equipment, net	26,573	26,640	25,997	26,154	25,735	25,879	25,674	25,631	25,240	25,247	25,166
Total Noncurrent Assets	37,742	37,933	20,611	20,601	19,160	18,678	18,289	18,343	17,945	17,637	17,534
Goodwill	19,428	19,414	8,464	8,455	7,937	7,664	7,447	7,444	7,434	7,451	7,450
Intangible Assets	9,112	9,214	-	3,606	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	9,202	9,305	12,147	8,540	11,223	11,014	10,842	10,899	10,511	10,186	10,084
Total Liabilities & Shareholders' Equity	97,264	96,846	79,230	76,530	75,577	76,387	76,386	76,445	76,866	75,825	76,567
Total Liabilities	91,478	92,426	77,410	75,486	74,147	75,052	76,024	74,883	75,568	75,588	78,276
Total Current Liabilities	29,092	28,123	24,359	22,015	23,572	24,227	25,446	23,110	24,280	27,834	30,387
Short-Term Debt	4,520	3,866	771	1,368	1,362	1,352	1,338	1,231	1,224	1,757	2,463
Accounts Payable	13,506	13,206	12,563	10,037	11,478	12,104	12,630	11,443	12,402	14,348	15,367
Accrued Expenses	4,366	4,265	3,793	4,225	3,994	4,009	3,725	3,858	3,965	3,991	4,876
Current Deferred Revenue	2,595	2,754	2,841	2,762	2,784	3,079	3,119	3,064	3,173	3,539	3,675
Current Deferred & Payable Income Tax Liabilities	94	40	637	28	304	19	1,054	50	-	-	-
Current Employee Benefit Liabilities	2,094	2,105	2,005	2,096	2,034	2,022	1,931	1,991	1,934	2,204	2,008
Other Taxes Payable	655	645	676	449	590	631	683	528	640	1,076	1,139
Other Current Liabilities	1,262	1,242	1,073	1,050	1,026	1,011	966	945	942	919	859
Total Noncurrent Liabilities	62,386	64,303	53,051	53,471	50,575	50,825	50,578	51,773	51,288	47,754	47,889
Long-Term Debt	50,058	51,869	42,060	42,743	40,567	40,754	40,915	41,962	41,740	39,271	39,158
Noncurrent Deferred & Payable Income Tax Liabilities	2,083	2,074	946	863	753	956	954	1,019	-	-	-
Other Noncurrent Operating Liabilities	10,245	10,360	10,045	9,865	9,255	9,115	8,709	8,792	9,548	8,483	8,731
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Total Equity & Noncontrolling Interests	5,786	4,420	1,820	1,044	1,430	1,335	362	1,562	1,298	237	-1,709
Total Preferred & Common Equity	5,786	4,420	1,820	1,044	1,430	1,335	362	1,562	1,298	237	-1,709
Total Common Equity	5,786	4,420	1,820	1,044	1,430	1,335	362	1,562	1,298	237	-1,709
Common Stock	13,925	13,821	13,243	13,237	13,017	12,932	12,674	12,682	12,475	12,399	12,169
Retained Earnings	88,771	87,357	85,027	83,656	82,934	81,213	78,651	76,896	75,467	73,074	69,849
Treasury Stock	-95,971	-95,971	-95,972	-95,372	-93,859	-92,343	-90,326	-87,298	-85,788	-84,564	-83,044
Accumulated Other Comprehensive Income / (Loss)	-939	-787	-478	-477	-662	-467	-637	-718	-856	-672	-683

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

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

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

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

Frequently Asked Questions About Home Depot's Financials

When does Home Depot's fiscal year end?

According to the most recent income statement we have on file, Home Depot's financial year ends in February. Their financial 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. View Home Depot's forecast to see where analysts expect Home Depot to go next.

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 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 5/20/2025 by MarketBeat.com Staff

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Home Depot (HD) Financials

Frequently Asked Questions About Home Depot's Financials

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Home Depot (HD) Financials

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