Summary
The Home Depot, Inc. reported net sales of $164.7 billion and net earnings of $14.2 billion ($14.23 per diluted share) for fiscal year 2025. The company experienced a 3.2% increase in net sales, largely driven by the acquisitions of SRS and GMS, which contributed $6.3 billion in incremental net sales. Comparable sales saw a modest increase of 0.3%, with a 1.4% rise in average ticket offset by a 1.0% decrease in customer transactions. Financially, Home Depot generated $16.3 billion in operating cash flow and returned $9.2 billion to shareholders through dividends, including a 2.2% increase in its quarterly cash dividend. The company invested $3.7 billion in capital expenditures to support its strategic initiatives, focusing on associates, customer experience, and Pro segment growth. While the company paused share repurchases in March 2024, it maintains a significant authorization and sufficient liquidity to fund operations and future investments.
Financial Highlights
49 data points| Revenue | $164.68B |
| Cost of Revenue | $109.82B |
| Gross Profit | $54.87B |
| SG&A Expenses | $30.70B |
| Operating Expenses | $33.98B |
| Operating Income | $20.89B |
| Net Income | $14.16B |
| EPS (Basic) | $14.26 |
| EPS (Diluted) | $14.23 |
| Shares Outstanding (Basic) | 993.00M |
| Shares Outstanding (Diluted) | 995.00M |
Key Highlights
- 1Net sales reached $164.7 billion, a 3.2% increase, driven by acquisitions and modest comparable sales growth.
- 2Net earnings were $14.2 billion, or $14.23 per diluted share, a decrease from the prior year primarily due to acquisitions and a favorable tax item in the prior year.
- 3The company returned $9.2 billion to shareholders via dividends and increased its quarterly dividend by 2.2% to $2.30 per share.
- 4Capital expenditures totaled $3.7 billion, focused on strategic growth areas like Pro segment engagement and customer experience enhancements.
- 5Acquisitions of SRS (completed in fiscal 2024) and GMS (completed in fiscal 2025) significantly contributed to sales growth and expanded the company's reach in specialty building products.
- 6Comparable sales increased by 0.3%, with average ticket up 1.4% but customer transactions down 1.0%, indicating a mixed consumer spending environment.
- 7The company maintained strong operational execution, with robust cash flow generation and a focus on its strategic priorities despite macroeconomic uncertainties.