HDHome Depot
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
4 paragraphs in Risk Factors of the 10-K filed Mar 18, 2026 with nothing like them in the 10-K filed Mar 21, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 46 Consumer discretionary companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
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.
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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.
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could result in financial losses and reputational harm. Even with adequate insurance and indemnification, our reputation as a provider of high-quality products, including both national brand names and our proprietary products, and services could suffer, damaging our reputation and impacting customer loyalty.
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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 believe in some cases has adversely impacted, our customers’ confidence or financial condition, causing them to
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New in the latest 10-Q
11 paragraphs in the 10-Q filed Aug 25, 2026 with nothing like them in the 10-Q filed May 27, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Three Months Ended Six Months Ended in millions, except per share data August 2, August 3, August 2, August 3,
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Three Months Ended Six Months Ended in millions August 2, August 3, August 2, August 3,
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Three Months Ended Six Months Ended in millions August 2, August 3, August 2, August 3,
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2026 2025 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Cash Flows from Operating Activities: Net earnings $ 8,055 $ 7,984 Reconciliation of net earnings to net cash provided by operating activities: Depreciation and amortization, excluding amortization of intangible assets 1,839 1,720 Intangible asset amortization 349 278 Stock-based compensation expense 326 288 Changes in receivables, net (1,233) (986) Changes in merchandise inventories (831) (1,205) Changes in other current assets (225) (190) Changes in accounts payable and accrued expenses 2,524 1,323 Changes in deferred revenue 152 (24) Changes in income taxes payable 183 (739) Changes in deferred income taxes 58 490 Other operating activities 225 29 Net cash provided by operating activities 11,422 8,968 Cash Flows from Investing Activities: Capital expenditures (1,724) (1,723) Payments for businesses acquired, net (1,333) (233) Other investing activities 46 64 Net cash used in investing activities (3,011) (1,892) Cash Flows from Financing Activities: Repayments of short-term debt, net (216) (316) Proceeds from long-term debt 122 76 Repayments of long-term debt (3,040) (1,199) Proceeds from sales of common stock 192 163 Cash dividends (4,643) (4,574) Other financing activities (116) (130) Net cash used in financing activities (7,701) (5,980) Change in cash and cash equivalents 710 1,096 Effect of exchange rate changes on cash and cash equivalents (14) 49 Cash and cash equivalents at beginning of period 1,389 1,659 Cash and cash equivalents at end of period $ 2,085 $ 2,804 Supplemental Disclosures: Cash paid for interest, net of interest capitalized $ 1,169 $ 1,189 Cash paid for income taxes 2,431 3,092
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Three Months Ended Six Months Ended in millions August 2, August 3, August 2, August 3,
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Three Months Ended Six Months Ended in millions August 2, August 3, August 2, August 3,
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Three Months Ended Six Months Ended in millions August 2, August 3, August 2, August 3,
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Three Months Ended Six Months Ended in millions August 2, August 3, August 2, August 3,
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shares in millions Three Months Ended Six Months Ended August 2, August 3, August 2, August 3,
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in millions Three Months Ended Six Months Ended August 2, August 3, August 2, August 3,
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On May 11, 2026, we through our wholly owned subsidiary SRS, completed the acquisition of Mingledorff's, a leading wholesale distributor of HVAC equipment, parts, and supplies across the southeastern U.S., for total preliminary cash purchase consideration of approximately $ 1.1 billion. We have performed a preliminary purchase price allocation and recorded the estimated fair values of the assets acquired and liabilities assumed, including aggregate definite-lived intangible assets of $ 410 million with a weighted average amortization period of 21 years, and goodwill of $ 412 million. Net sales and net earnings attributable to Mingledorff’s for both the three and six months ended August 2, 2026 were immaterial. Pro forma results of operations are not presented as the effect of the acquisition was not material to our financial results.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Aug 25, 2026 against Item 1A of the 10-K filed Mar 18, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:
Read in the 10-Q ↗
In addition to the information set forth in this report, you should carefully consider the factors discussed under Part I, Item 1A. “Risk Factors” and elsewhere in the 2025 Form 10-K. These risks and uncertainties could materially and adversely affect our business, consolidated financial condition, results of operations, or cash flows. Our operations could also be affected by additional factors that are not presently known to us or by factors that we currently do not consider material to our business. There have been no material changes in the risk factors discussed in the 2025 Form 10-K.
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
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