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Screener / SEC EDGAR /CIK 0000354950 /10-K filed Mar 18, 2026, compared with Mar 21, 2025 /Numbers from the XBRL of the 10-Ks
Consumer discretionary peers:
FTSLAGMHDLOWTJX
NYSE Consumer discretionary · Home Improvement Retail

Home Depot HD

HD quote by TradingView

The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2025. 10-K, Item 1

Employees
472,400
Headquarters
Atlanta, GA
Next results
around Nov 17, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $164.7B through the costs to a net profit of $14.2B · income statement of the 10-K

13% operating margin
Revenue to Gross profit: $54.9BRevenue to Cost of revenue: $109.8BGross profit to Operating profit: $20.9BGross profit to Operating expenses: $34.0BOperating profit to Net profit: $14.2BOperating profit to Tax & other: $6.7B Revenue: $164.7B REVENUE $164.7B +3% Y/Y Gross profit: $54.9B · 33% margin GROSS PROFIT $54.9B 33% margin · +3% Y/Y Cost of revenue: $109.8B · 67% of revenue COST OF REVENUE $109.8B 67% of revenue Operating profit: $20.9B · 13% margin OPERATING PROFIT $20.9B 13% margin · −3% Y/Y Operating expenses: $34.0B · 21% of revenue OPERATING EXPENSES $34.0B 21% of revenue Net profit: $14.2B · 9% margin NET PROFIT $14.2B 9% margin · −4% Y/Y Tax & other: $6.7B · 4% of revenue TAX & OTHER $6.7B 4% of revenue
Gross profit $54.9B 33% margin · +3% Y/Y
Operating profit $20.9B 13% margin · −3% Y/Y
Net profit $14.2B 9% margin · −4% Y/Y
The full income statement, year by year

HD among Consumer discretionary peers

Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.

Compare
Revenue growth: 3.2%, above 30% of 46 peers (their median 5.9%) REVENUE GROWTH 3.2% · above 30% Gross margin: 33.2%, above 33% of 30 peers (their median 42.2%) GROSS MARGIN 33.2% · above 33% Operating margin: 12.4%, above 31% of 39 peers (their median 16.0%) OPERATING MARGIN 12.4% · above 31% Net margin: 8.4%, above 35% of 46 peers (their median 11.0%) NET MARGIN 8.4% · above 35% FCF margin: 8.9%, above 45% of 44 peers (their median 9.5%) FCF MARGIN 8.9% · above 45% Return on capital: 22.9%, above 54% of 24 peers (their median 22.1%) RETURN ON CAPITAL 22.9% · above 54%
HD Peer median Below the median

What changed

4 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Mar 18, 2026 against Mar 21, 2025.

Risk factors
4 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +14.2% vs revenue +3.2% (+10.9 pts)
10-K · XBRL
Critical audit matters changed
New this year: Sufficiency of audit evidence over certain merchandise inventories (“As discussed in Note 1 to the consolidated financial statements, the majority of merchandise inventories are stated at the lower of cost or market, as determined by the retail inventory method, which is based on a number of factors such as markups, markdowns, and inventory losses (or shrink). As the”). No longer listed: Fair values of customer relationships intangible assets; Estimation of store shrink. Same as last year: Table of Contents
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
0 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +14.2% vs revenue +3.2% (+10.9 pts)
  • Critical audit matters changed
    New this year: Sufficiency of audit evidence over certain merchandise inventories (“As discussed in Note 1 to the consolidated financial statements, the majority of merchandise inventories are stated at the lower of cost or market, as determined by the retail inventory method, which is based on a number of factors such as markups, markdowns, and inventory losses (or shrink). As the”). No longer listed: Fair values of customer relationships intangible assets; Estimation of store shrink. Same as last year: Table of Contents
  • Cash from operations $16.3B vs net income $14.2B (FY ending Feb 1, 2026)
8 more checks with nothing to note
  • Inventory +10.1% vs revenue +3.2% (+6.8 pts)
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

4 paragraphs in Risk Factors that were not in the 10-K filed Mar 21, 2025. Quoted as filed.

All 4 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 21, 2025 10-K, ITEM 1A
    Our brand and reputation are critical to attracting customers, associates and jobseekers, suppliers, service providers, and vendors to do business with us. We must continue to manage and protect our brand and reputation.
  2. Item 1A · new paragraph · not in the 10-K filed Mar 21, 2025 10-K, ITEM 1A
    Demand for certain of our products has historically been influenced by the occurrence of seasonal events, such as storms. The impact of these events on our sales varies depending on their location, frequency and magnitude. Sustained periods without such events can lead, and in the past have led, to lower sales compared to prior periods.
  3. Item 1A · new paragraph · not in the 10-K filed Mar 21, 2025 10-K, ITEM 1A
    Our financial performance depends significantly on the stability of the housing and home improvement markets, as well as general economic conditions, including changes in gross domestic product. Adverse conditions in or uncertainty about these markets, the economy, or the political or social climate could adversely impact, and we…

New risk paragraphs, against peers

Latest 10-K of each, Consumer discretionary companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$157.4B$152.7B$159.5B$164.7B
Net income$17.1B$15.1B$14.8B$14.2B
Operating cash flow$14.6B$21.2B$19.8B$16.3B
Free cash flow$11.5B$17.9B$16.3B$12.6B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$164.7B ▲ 3.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

No new filings in the last 30 days · SEC EDGAR

All filings

Nothing new. The most recent filings:

About the company

Home Depot, Atlanta, GA · from the 10-K filed Mar 18, 2026

The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2025. We offer our customers a wide assortment of home improvement products, building materials, lawn and garden products, décor products, and facilities MRO products, in stores and online. We also provide a number of services, including home improvement installation services, and tool and equipment rental. As of the end of fiscal 2025, we operated 2,359 stores located throughout the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico.

Headquarters
Atlanta, GA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
January 31
Last results
Aug 18, 2026
Incorporated in
DE

Employees, at the top of the page: "At the end of fiscal 2025, we employed approximately 472,400 associates, of whom approximately 53,400 were salaried, with the remainder compensated on an hourly basis" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Mar 18, 2026 (open at SEC), compared with the 10-K filed Mar 21, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/HD/export.csv") into a cell.