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HOME DEPOT, INC. (HD) financial health, profit and balance sheet · Scorvest

HD · NYSE · United States · Retail-Lumber & Other Building Materials Dealers

HOME DEPOT, INC.

Atlanta, GA · Fiscal year ends in January · Figures in USD

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In shortHOME DEPOT, INC. is profitable, generates cash and carries heavy debt, with revenue growing (+3.2% last year).

Financial health

Solid

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability78

Operating marginShare of each sale left after running the business, before interest and tax.	12.7%	59/100
Net marginShare of each sale left as profit after every cost, interest and tax.	8.6%	54/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	145.5%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	24.8%	100/100

Weight in the score: 25%

Balance sheet47

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	1.06×	22/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	4.00×	0/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	2.05×	56/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	8.66×	68/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	4.54	88/100

Weight in the score: 25%

Cash generation75

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	7.7%	51/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	0.89×	74/100
Years with positive free cash flow (last 5)	5 of 5	100/100

Weight in the score: 20%

Stability89
Profitable years (last 5) 5 of 5 100/100
Years of revenue decline (last 5) 1 of 5 67/100
Revenue growth volatility 6.3% 88/100
Operating margin volatility 1.1% 99/100
Weight in the score: 20%
Growth13
Revenue growth, 3-year average 1.5% 25/100
EPS growth, 3-year average -5.2% 0/100
Weight in the score: 10%

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	1 of 5	67/100
Revenue growth volatility	6.3%	88/100
Operating margin volatility	1.1%	99/100

Revenue growth, 3-year average	1.5%	25/100
EPS growth, 3-year average	-5.2%	0/100

Fiscal year 2026 · change vs prior year

Revenue: $164.7B; ▲ 3.2%
Net income: $14.2B; ▼ 4.4%
Free cash flow: $12.6B; ▼ 22.5%
Operating margin: 12.7%; −0.8 pts
Cash & investments: $1.4B; –
Total debt: $51.3B; ▼ 3.3%
Diluted EPS: $14.23; ▼ 4.6%
Return on equity: 145.5%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY22	FY23	FY24	FY25	FY26
Revenue	151,157	157,403	152,669	159,514	164,683
Cost of revenue	100,325	104,625	101,709	106,206	109,818
Gross profit	50,832	52,778	50,960	53,308	54,865
Selling, general & admin	25,406	26,284	26,598	28,748	30,702
Operating income	23,040	24,039	21,689	21,526	20,890
Interest expense	1,347	1,617	1,943	2,321	2,412
Pre-tax income	21,737	22,477	19,924	19,406	18,602
Income tax	5,304	5,372	4,781	4,600	4,446
Net income	16,433	17,105	15,143	14,806	14,156
Diluted EPS	$15.53	$16.69	$15.11	$14.91	$14.23
Diluted shares (millions)	1,058	1,025	1,002	993	995

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Quarterly results

The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.

The last 8 quarters of HOME DEPOT, INC. are included in the Investor plan. Try free for 7 days →

Risk checks

Altman Z'' score

4.54 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

5/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: passed
Gross margin improved: failed
Asset turnover improved: failed

Sources

10-QPeriod ending Aug 2, 2026Filed Aug 25, 2026Open the report ↗
10-QPeriod ending May 3, 2026Filed May 27, 2026Open the report ↗
10-KPeriod ending Feb 1, 2026Filed Mar 18, 2026Open the report ↗
10-QPeriod ending Nov 2, 2025Filed Nov 25, 2025Open the report ↗
10-QPeriod ending Aug 3, 2025Filed Aug 26, 2025Open the report ↗
10-QPeriod ending May 4, 2025Filed May 28, 2025Open the report ↗
10-KPeriod ending Feb 2, 2025Filed Mar 21, 2025Open the report ↗
10-QPeriod ending Oct 27, 2024Filed Nov 19, 2024Open the report ↗