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HOME DEPOT, INC.HD

Sector
Consumer
Industry
Retail-Lumber & Other Building Materials Dealers
Exchange
NYSE

Stock Price $HD

Latest filings

You are here#3 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q328-K121

HD filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 121 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Mar ’21Mar ’21
  2. Leadership change8-K · Apr ’23Apr ’23
  3. FY2025 annual report10-K · Mar ’25Mar ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $164.68B
YoY changeLargest recent move+19.9%in FY21Latest +3.2%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All HD Financial Metrics57 metrics

Income Statement14

Balance Sheet26

Cash Flow12

Per Share5

02—Overview

HOME DEPOT, INC. Financial Overview 2022–2026

Updated Jul 10, 2026

Home Depot committed a staggering $17.7 billiona to acquire specialty distributor SRS in fiscal 2024, signaling a structural pivot toward professional contractors as retail traffic slows. With consumer demand hampered by high interest rates, the retailer is sacrificing its historically elite capital efficiency to buy top-line growth through acquisitions. This consolidation strategy successfully kept the engine running, as total revenue grew from $151.2 billion in fiscal 2021 to $164.7 billion in fiscal 2025.

Beneath that top-line expansion, the core retail business is absorbing macroeconomic hits. Comparable sales struggled with consecutive annual declines before scraping out a 0.3% gain in fiscal 2025, constrained by a 1.0% drop in customer transactions. Profitability also compressed, with diluted earnings per share falling from a peak of $16.69 in fiscal 2022 to $14.23b in fiscal 2025. The heavy debt required to fund the SRS deal and the subsequent $5.5 billion GMS acquisition dragged return on invested capital down from 44.7% in fiscal 2021 to 26.3% by Q3 2025, forcing management to pause share repurchases in March 2024. Despite these fundamental headwinds, the market continues to price in a successful turnaround for the professional segment. At the close of FY2026, the stock traded at $374.59 with a 26.3x earnings multiple and a $373.1 billion market cap, reflecting slight multiple compression from the 27.6x price-to-earnings ratio it held at the end of FY2025.

Recent Developments (Q4 2026 and Q1 2027)

In Q1 2026, net sales climbed 4.8% year-over-year to $41.8 billionc, propelled by ongoing GMS integration and positive comparable sales. However, this acquisition mix dragged gross profit margins down to 33.0% from 33.8%, causing operating income to slip to $4.98 billion. Diluted earnings per share fell 4.3% to $3.30.

Operating cash flow reached $6.0 billiond, up from $4.3 billion, funding $2.3 billion in dividends and supporting $4 billion in planned annual capital expenditures. In May 2026, shareholders approved charter amendments for officer exculpation and rejected all ESG proposals. Bulls highlight the massive cash generation defending the dividend payout. Bears emphasize the continuing gross margin contraction and lower earnings. At $317.85, the stock traded at a 22.3x earnings multiple as of May 27, 2026, reflecting a cheaper valuation compared to previous periods.

What to watch: gross margin stabilization following recent acquisitions; progress on debt reduction to unlock the remaining $11.7 billione share repurchase authorization.

03—Filings

Recent SEC Filings

  1. 8-KHOME DEPOT, INC. 8-K Report, Executive Changes (Aug 21, 2026)This 8-K filing from Home Depot, Inc. (HD) details significant expansions of executive responsibilities and the corresponding compensation adjustments. Effective August 20, 2026, three key executives have had their roles broadened to include critical areas such as merchandising, product development, private brands, loyalty programs, credit services, payments, and the Office of Pro Acceleration. These expanded duties are aimed at driving growth and coordination across various strategic business units, including Home Depot Pro, HD Supply, SRS Distribution, and Construction Resources. Investors should note these changes as they indicate a strategic realignment to enhance operational efficiency and market presence.
  2. 8-KHOME DEPOT, INC. 8-K Report, Financial Results (Aug 18, 2026)The Home Depot reported second-quarter fiscal 2026 results (quarter ended August 2, 2026) that beat its internal expectations. Net sales rose 5.7% to $47.9 billion, comparable sales grew 1.7% (U.S. comps +1.3%), and GAAP diluted EPS increased 4.6% to $4.79. Adjusted diluted EPS rose 5.1% to $4.92. Growth was driven by average ticket (+2.8%), while comparable customer transactions declined 1.0%, suggesting customers are completing smaller projects. Gross margin improved to about 33.7% from 33.4% a year earlier, but SG&A grew 8.5%, faster than sales, so GAAP operating margin slipped to 14.3% from 14.5%. Acquisitions, including SRS and GMS, contributed to higher expenses and intangible amortization. Management reaffirmed all fiscal 2026 guidance, including comparable sales of roughly flat to +2.0%, GAAP diluted EPS growth of roughly flat to +4.0% from $14.23, and adjusted diluted EPS growth of roughly flat to +4.0% from $14.69. The guidance assumes IEEPA tariff refunds will partially offset unplanned fuel, energy, and other input cost pressures. Because the guidance was reaffirmed rather than raised, the quarter's beat does not change the full-year outlook. Balance sheet and cash flow were solid. Six-month operating cash flow reached $11.4 billion, up from $9.0 billion, and capital expenditures were $1.7 billion. Free cash flow was roughly $9.7 billion, up from about $7.2 billion. Total debt declined to roughly $52.9 billion from about $55.8 billion at fiscal year-end, while stockholders' equity increased to $16.6 billion. Dividends paid were $4.6 billion over six months, and acquisition payments totaled $1.3 billion. The results were furnished under Item 2.02 and are not deemed filed for Section 18 purposes.
  3. 8-KHOME DEPOT, INC. 8-K Report, Executive Changes (Aug 12, 2026)On August 12, 2026, The Home Depot (HD) disclosed that Chair, President and CEO Edward P. (Ted) Decker will take a temporary medical leave of absence, with the company expecting him to return within the next few months. The Board, at Mr. Decker's recommendation, has placed the Office of the CEO under two long-time executives: Ann-Marie Campbell, Senior Executive Vice President, who will oversee day-to-day operations, and Richard V. McPhail, EVP and CFO, who will oversee financial management and the Pro subsidiaries. McPhail has been designated interim principal executive officer for SEC purposes. Independent lead director Gregory Brenneman will chair the Board during the leave. For investors, the core news is a leadership transition that is temporary and planned rather than a permanent succession. The filing states that no compensation changes have been made to Ms. Campbell or Mr. McPhail in connection with the added responsibilities, and neither has a family relationship with other executive officers or directors or a related-party transaction requiring Item 404 disclosure. The filing does not disclose the nature of Mr. Decker's medical condition, nor does it provide any guidance, financial impact, or change to operating outlook. The main uncertainties are the duration of the leave, whether the interim structure holds without strain, and whether the company will provide further updates. The leadership bench is experienced, with both executives having worked together for more than 20 years, which supports operational continuity. Investors should monitor future 8-K filings, earnings commentary, and any change to the expected return timeline.
  4. 8-KHOME DEPOT, INC. 8-K Report, Bylaw Amendment (May 26, 2026)Home Depot, Inc. (HD) filed an 8-K on May 26, 2026, detailing the outcomes of its 2026 Annual Meeting of Shareholders held on May 21, 2026. The primary focus of this filing is the approval of amendments to the company's Amended and Restated Certificate of Incorporation. These amendments include the implementation of officer exculpation provisions, which offer certain officers protections from monetary liability, similar to those already afforded to the Board of Directors. Additionally, miscellaneous amendments to the charter were approved, all of which became effective upon filing with the Delaware Secretary of State on May 21, 2026. Shareholder voting results indicate broad support for the company's proposed charter changes, as well as the ratification of KPMG LLP as the independent registered public accounting firm and the advisory vote on executive compensation. Notably, several shareholder proposals related to environmental, social, and governance (ESG) matters, including those concerning plastic targets, packaging policies, data privacy, board independence, biodiversity, healthcare access, and charitable support, did not receive majority shareholder approval.
  5. 8-KHOME DEPOT, INC. 8-K Report, Financial Results (May 19, 2026)The Home Depot (HD) reported first quarter fiscal 2026 results (quarter ended May 3, 2026) with net sales of $41.8 billion, up 4.8% year over year, and comparable sales up 0.6%, of which U.S. comparable sales rose 0.4%. Foreign exchange added roughly 55 basis points to total company comparable sales. Growth was driven largely by acquisitions and FX rather than underlying traffic, as comparable customer transactions fell 1.3% while the comparable average ticket rose 2.2%. Management described underlying demand as relatively similar to fiscal 2025, citing greater consumer uncertainty and housing affordability pressure. Profitability declined. GAAP operating income fell 3.0% to $4.98 billion, and operating margin contracted about 100 basis points to 11.9%. GAAP diluted EPS was $3.30, down from $3.45, and adjusted diluted EPS (excluding acquired intangible amortization) was $3.43, down from $3.56. Growth in SG&A (5.7%) and D&A (5.7%) outpaced gross profit growth (2.4%), reflecting the SRS and GMS acquisitions and associated intangible amortization. Operating cash flow improved sharply to $6.0 billion from $4.3 billion, aided by a $1.3 billion working capital inflow, while accounts payable rose and inventories increased to $27.3 billion. Home Depot reaffirmed all fiscal 2026 guidance: total sales growth of 2.5% to 4.5%, comparable sales of flat to 2.0%, GAAP diluted EPS growth of flat to 4.0% from $14.23, and adjusted diluted EPS growth of flat to 4.0% from $14.69. The company also reiterated roughly 15 new stores and capital expenditures of about 2.5% of sales. Reaffirmation at the midpoint of a wide range, after a quarter with soft comps and margin pressure, signals management confidence in second-half recovery but leaves limited room for error. Investors will likely focus on whether transaction trends stabilize and whether acquisition-driven margin dilution moderates.
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04—See also

Related Companies

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