The Home Depot, Inc.

HD

The Home Depot, Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for The Home Depot, Inc.

R40: 15 · Q2 FY2026 $283.07B
$284.49
About

The Home Depot, Inc. operates home-improvement retail stores and related e-commerce in the United States, Canada, and Mexico. It sells building materials, tools, appliances, décor, lawn and garden products, and related services to do-it-yourself customers and professional contractors. The company also offers installation, tool rental, and B2B fulfillment.

History ↓ Leadership ↓

News

Coverage

See all news → HD feed

Open HD Rule of 40 details
Median 15.1 Above 40 0–40 Below 0
15
Q3
23
FY2024 Q4
18
Q1
13
Q2
10
Q3
2
FY2025 Q4
17
Q1
15
FY2026 Q2 40 0 Mix
ANALYST RATINGS
Buy $377
Consensus as of Aug 19, 2026
HD
Evercore ISI Outperform $400
Reiterated
2026-08-19
Argus Research Buy $400
Reiterated
2026-08-19
Goldman Sachs Buy $390
Reiterated
2026-08-19
UBS Buy $430
Reiterated
2026-08-19
Truist Financial Buy $369
Reiterated
2026-08-19

See all 8 ratings →

Forward model

Where the revenue goes next

HD FORWARD MODEL $272.50 −4%
Revenue

Latest: $47.86B (Q2 FY2026)

Period Value
Q3 FY2020 $33.54B
Q4 FY2020 $32.26B
Q1 FY2021 $37.50B
Q2 FY2021 $41.12B
Q3 FY2021 $36.82B
Q4 FY2021 $35.72B
Q1 FY2022 $38.91B
Q2 FY2022 $43.79B
Q3 FY2022 $38.87B
Q4 FY2022 $35.83B
Q1 FY2023 $37.26B
Q2 FY2023 $42.92B
Q3 FY2023 $37.71B
Q4 FY2023 $34.79B
Q1 FY2024 $36.42B
Q2 FY2024 $43.17B
Q3 FY2024 $40.22B
Q4 FY2024 $39.70B
Q1 FY2025 $39.86B
Q2 FY2025 $45.28B
Q3 FY2025 $41.35B
Q4 FY2025 $38.20B
Q1 FY2026 $41.77B
Q2 FY2026 $47.86B
EPS

Latest: $4.79 (Q2 FY2026)

Period Value
Q3 FY2020 $3.18
Q4 FY2020 $2.66
Q1 FY2021 $3.86
Q2 FY2021 $4.53
Q3 FY2021 $3.92
Q4 FY2021 $3.22
Q1 FY2022 $4.09
Q2 FY2022 $5.05
Q3 FY2022 $4.24
Q4 FY2022 $3.31
Q1 FY2023 $3.82
Q2 FY2023 $4.65
Q3 FY2023 $3.81
Q4 FY2023 $2.83
Q1 FY2024 $3.63
Q2 FY2024 $4.60
Q3 FY2024 $3.67
Q4 FY2024 $3.01
Q1 FY2025 $3.45
Q2 FY2025 $4.58
Q3 FY2025 $3.62
Q4 FY2025 $2.58
Q1 FY2026 $3.30
Q2 FY2026 $4.79
P/E Ratio

Latest: 23.2 (Q2 FY2026)

Period Value
Q3 FY2020 20.3
Q4 FY2020 20.1
Q1 FY2021 21.0
Q2 FY2021 20.7
Q3 FY2021 22.4
Q4 FY2021 21.4
Q1 FY2022 17.3
Q2 FY2022 16.9
Q3 FY2022 16.4
Q4 FY2022 18.0
Q1 FY2023 17.1
Q2 FY2023 19.6
Q3 FY2023 17.3
Q4 FY2023 22.3
Q1 FY2024 21.5
Q2 FY2024 23.9
Q3 FY2024 26.0
Q4 FY2024 26.9
Q1 FY2025 24.0
Q2 FY2025 24.7
Q3 FY2025 25.7
Q4 FY2025 26.3
Q1 FY2026 23.0
Q2 FY2026 23.2
Free Cash Flow

Latest: $4.51B (Q2 FY2026)

Period Value
Q3 FY2020 $2.12B
Q4 FY2020 $464M
Q1 FY2021 $5.79B
Q2 FY2021 $3.12B
Q3 FY2021 $2.74B
Q4 FY2021 $2.36B
Q1 FY2022 $3.08B
Q2 FY2022 $2.65B
Q3 FY2022 $2.07B
Q4 FY2022 $3.69B
Q1 FY2023 $4.71B
Q2 FY2023 $5.80B
Q3 FY2023 $3.56B
Q4 FY2023 $3.88B
Q1 FY2024 $4.65B
Q2 FY2024 $4.69B
Q3 FY2024 $3.42B
Q4 FY2024 $3.57B
Q1 FY2025 $3.52B
Q2 FY2025 $3.73B
Q3 FY2025 $3.11B
Q4 FY2025 $2.29B
Q1 FY2026 $5.19B
Q2 FY2026 $4.51B
Shares

Latest: 998M (Q2 FY2026)

Period Value
Q3 FY2020 1.08B
Q4 FY2020 1.08B
Q1 FY2021 1.07B
Q2 FY2021 1.06B
Q3 FY2021 1.05B
Q4 FY2021 1.04B
Q1 FY2022 1.03B
Q2 FY2022 1.02B
Q3 FY2022 1.02B
Q4 FY2022 1.02B
Q1 FY2023 1.01B
Q2 FY2023 1.00B
Q3 FY2023 999M
Q4 FY2023 995M
Q1 FY2024 992M
Q2 FY2024 992M
Q3 FY2024 993M
Q4 FY2024 993M
Q1 FY2025 994M
Q2 FY2025 994M
Q3 FY2025 995M
Q4 FY2025 996M
Q1 FY2026 996M
Q2 FY2026 998M
Cumulative FCF

Latest: $170.89B (Q2 FY2026)

Period Value
Q3 FY2020 $88.31B
Q4 FY2020 $88.78B
Q1 FY2021 $94.56B
Q2 FY2021 $97.68B
Q3 FY2021 $100.42B
Q4 FY2021 $102.78B
Q1 FY2022 $105.87B
Q2 FY2022 $108.52B
Q3 FY2022 $110.59B
Q4 FY2022 $114.28B
Q1 FY2023 $118.99B
Q2 FY2023 $124.78B
Q3 FY2023 $128.35B
Q4 FY2023 $132.22B
Q1 FY2024 $136.87B
Q2 FY2024 $141.56B
Q3 FY2024 $144.98B
Q4 FY2024 $148.55B
Q1 FY2025 $152.07B
Q2 FY2025 $155.79B
Q3 FY2025 $158.91B
Q4 FY2025 $161.19B
Q1 FY2026 $166.38B
Q2 FY2026 $170.89B
Earnings coverage

Latest earnings

See all HD earnings → Investor relations →

Background

Company History

Exchange
NYSE
IPO Date
Sep 22, 1981
IPO Price
$12.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
995.0M
1978
Founding

Co-founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone in Marietta, Georgia, with a focus on large home-improvement superstores; Ken Langone secured the capital.

1979
First Stores Open

The first two stores opened in metro Atlanta in Doraville and Decatur, leased from J.C. Penney spaces originally used by Treasure Island hypermarkets.

1981
Public Offering

Went public on NASDAQ on September 22, raising $4.093 million.

1984
NYSE Listing and Expansion

Joined the New York Stock Exchange on April 19; acquired Bowater Home Center in Dallas for $40 million; by year-end, operated 19 stores with over $256 million in sales.

1989
Market Leadership

Became the largest home improvement store in the U.S., surpassing Lowe

2005
Hurricane Katrina Response

Donated $20 million, 1,500 truckloads of merchandise, and job promises for displaced workers, leveraging its logistics for rapid disaster relief.

2014
Major Data Breach

Suffered massive data breach exposing 56 million credit card numbers, one of the largest retail breaches ever.

2020
COVID-19 Boom

Experienced record sales as homeowners invested in home improvement during pandemic lockdowns.

2024
Acquisition of SRS Distribution

Acquired SRS Distribution for $18.25 billion, expanding into professional contractor market.

2026
Layoffs and RTO Mandate

Cut 800 corporate jobs and mandated 5-day office return starting April 6, 2026, amid slowing sales.

Leadership

Key Players

showing 6 of 20

Edward P. (Ted) Decker
Chair, President & Chief Executive Officer
Edward P. (Ted) Decker
CEO since March 2022, Chair since October 2022. Joined Home Depot in 2000; previously held roles in merchandising, retail finance, and strategic planning. Prior experience at Kimberly-Clark and Scott Paper.

The CEO view — 2 podcasts, interviews & articles →

Richard V. McPhail
Executive Vice President & Chief Financial Officer
CFO since 2019. Oversees finance, accounting, tax, treasury, investor relations, and corporate development. Joined Home Depot in 2005.
Hector A. Padilla
Executive Vice President, U.S. Stores & International Operations
Oversees U.S. store operations and international business across Canada and Mexico. Long-tenured Home Depot executive.
Billy Bastek
Executive Vice President, Merchandising
Leads merchandising strategy, vendor management, and product assortment across all categories.
Matt Carey
Executive Vice President & Chief Information Officer
Leads technology strategy, IT infrastructure, cybersecurity, and digital platforms. Key architect of Home Depot's interconnected retail strategy.
John Deaton
Executive Vice President, Supply Chain & Product Development
Oversees global supply chain operations, distribution network, and private-label product development.

See all 20 key players →

Related

Similar stocks in Consumer

Institutional

Funds we follow holding HD

By latest reported 13F position value. Market value at quarter-end, not cost basis.