The Home Depot Inc
HD—
Build a strategy around HD
The Home Depot Inc AI Insights
Informational only. Not investment advice.Snapshot
- ROE of 163% TTM vs industry median 8.8% driven by 5.4x debt/equity - extreme leverage amplifies returns but creates fragility[Return on Equity TTM]
- Tangible book value is -20.6B with goodwill at 22.3B (184% of equity) - SRS acquisition risk if integration falters[Tangible Book Value]
- FCF of 13.9B TTM (8.4% yield on EV) funds 9.15 dividend while debt rose 3B net - capital allocation stretched[Free Cash Flow TTM]
Watch Triggers
- Interest Expense TTM: Exceeds 3B or 15% of operating income — Signals leverage becoming unsustainable; would compress FCF available for dividends
- Operating Margin TTM: Falls below 11% — Would indicate SRS integration costs or Pro segment margin dilution thesis failing
- Inventory: Increases >10% without matching revenue growth — 26.2B inventory already elevated; buildup signals demand weakness
Bull Case
ROIC of 19.9% TTM vs industry 4.4% median demonstrates durable competitive moat - scale advantages in procurement and distribution compound
Return on Invested Capital TTMAsset Turnover TTM
FCF conversion of 79% (13.9B/17.6B operating CF) with capex only 2.2% of revenue enables sustained buybacks and dividends
Free Cash Flow TTMCapital Expenditure TTM
Bear Case
Debt/equity of 5.4x with 65B total debt and only 1.7B cash - interest expense of 2.5B TTM consumes 11% of operating income
Debt to EquityInterest Expense TTMTotal Debt
P/S of 2.1x vs industry median 0.57x and P/E of 23.9x vs median 20.1x - premium pricing assumes flawless SRS execution
Price to Sales RatioPrice to Earnings Ratio
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
Leverage HD's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Pro segment expansion via SRS will drive margin accretion as higher-ticket B2B sales scale
1-3ymed
- 5B SRS acquisition targets 50B pro market
- Pro customers have 3x basket size vs DIY
- Operating margin 13% has room vs specialty retail peers
Purchase of business 5B TTMOperating margin 13% vs industry 3.8%Revenue 166B with asset turnover 1.63x
Valuation Context
Caveats
Public Strategies Rankings
See how The Home Depot Inc ranks across different investment strategies.
Leverage HD's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
HD Fundamentals
Retail Trade → Building Material and Garden Equipment and Supplies Dealers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$317.18B | — | ||
$380.91B | — | ||
22 | — | ||
$166.19B | +7.5% | — | |
$14.66 | -0.5% | — | |
13.0% | -0.7% | — | |
8.77% | -0.7% | — | |
$13.93B | -16.3% | — | |
163% | -242.0% | — | |
Beta 5Y (Monthly) | unknown | — |
HD Dividend History
106 dividends
2026
$2.330003/12/26$2.3300
2025
$9.200012/04/25$2.3000
09/04/25$2.3000
06/05/25$2.3000
03/13/25$2.3000
2024
$9.000011/27/24$2.2500
08/29/24$2.2500
05/30/24$2.2500
03/06/24$2.2500
2023
$8.360011/29/23$2.0900
08/30/23$2.0900
05/31/23$2.0900
03/08/23$2.0900
2022
$7.600011/30/22$1.9000
08/31/22$1.9000
06/01/22$1.9000
03/09/22$1.9000
2021
$6.600012/01/21$1.6500
09/01/21$1.6500
06/02/21$1.6500
03/10/21$1.6500
2020
$6.000012/02/20$1.5000
09/02/20$1.5000
06/03/20$1.5000
03/11/20$1.5000
2019
$5.440012/04/19$1.3600
09/04/19$1.3600
06/05/19$1.3600
03/13/19$1.3600
2018
$4.120011/28/18$1.0300
08/29/18$1.0300
05/30/18$1.0300
03/07/18$1.0300
2017
$3.560011/29/17$0.8900
08/29/17$0.8900
05/30/17$0.8900
03/07/17$0.8900
2016
$2.760011/29/16$0.6900
08/30/16$0.6900
05/31/16$0.6900
03/08/16$0.6900
2015
$2.360012/01/15$0.5900
09/01/15$0.5900
06/02/15$0.5900
03/10/15$0.5900
2014
$1.880012/02/14$0.4700
09/02/14$0.4700
06/03/14$0.4700
03/11/14$0.4700
2013
$1.560012/03/13$0.3900
09/03/13$0.3900
06/04/13$0.3900
03/12/13$0.3900
2012
$1.160011/27/12$0.2900
08/28/12$0.2900
05/29/12$0.2900
03/06/12$0.2900
2011
$1.040011/29/11$0.2900
08/30/11$0.2500
06/14/11$0.2500
03/08/11$0.2500
2010
$0.945011/30/10$0.2362
08/31/10$0.2362
06/01/10$0.2362
03/09/10$0.2362
2009
$0.900012/01/09$0.2250
09/01/09$0.2250
06/09/09$0.2250
03/10/09$0.2250
2008
$0.900012/02/08$0.2250
09/02/08$0.2250
06/03/08$0.2250
03/11/08$0.2250
2007
$0.900011/27/07$0.2250
08/28/07$0.2250
06/05/07$0.2250
03/06/07$0.2250
2006
$0.675011/28/06$0.2250
09/05/06$0.1500
06/06/06$0.1500
03/07/06$0.1500
2005
$0.400011/29/05$0.1000
08/30/05$0.1000
06/07/05$0.1000
03/08/05$0.1000
2004
$0.325011/30/04$0.0850
08/31/04$0.0850
06/08/04$0.0850
03/09/04$0.0700
2003
$0.260012/02/03$0.0700
09/02/03$0.0700
06/10/03$0.0600
03/11/03$0.0600
2002
$0.210012/03/02$0.0600
09/03/02$0.0500
06/11/02$0.0500
03/12/02$0.0500
2001
$0.220011/28/01$0.0500
11/27/01$0.0500
08/28/01$0.0400
06/12/01$0.0400
03/06/01$0.0400
2000
$0.160011/28/00$0.0400
08/29/00$0.0400
06/13/00$0.0400
03/07/00$0.0400
HD Stock Splits
No stock splits
HD SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/25/25 | 11/02/25 | 10-Q | |
08/26/25 | 08/03/25 | 10-Q | |
05/28/25 | 05/04/25 | 10-Q | |
03/21/25 | 02/02/25 | 10-K | |
11/19/24 | 10/27/24 | 10-Q | |
08/20/24 | 07/28/24 | 10-Q | |
05/21/24 | 04/28/24 | 10-Q | |
03/13/24 | 01/28/24 | 10-K | |
11/21/23 | 10/29/23 | 10-Q | |
08/22/23 | 07/30/23 | 10-Q | |
05/23/23 | 04/30/23 | 10-Q | |
03/15/23 | 01/29/23 | 10-K | |
11/22/22 | 10/30/22 | 10-Q | |
08/23/22 | 07/31/22 | 10-Q | |
05/24/22 | 05/01/22 | 10-Q | |
03/23/22 | 01/30/22 | 10-K | |
11/23/21 | 10/31/21 | 10-Q | |
08/24/21 | 08/01/21 | 10-Q | |
05/25/21 | 05/02/21 | 10-Q | |
03/24/21 | 01/31/21 | 10-K | |
11/24/20 | 11/01/20 | 10-Q | |
08/25/20 | 08/02/20 | 10-Q | |
05/27/20 | 05/03/20 | 10-Q | |
03/25/20 | 02/02/20 | 10-K | |
11/26/19 | 11/03/19 | 10-Q | |
08/27/19 | 08/04/19 | 10-Q | |
05/29/19 | 05/05/19 | 10-Q | |
03/28/19 | 02/03/19 | 10-K | |
11/20/18 | 10/28/18 | 10-Q | |
08/21/18 | 07/29/18 | 10-Q | |
05/22/18 | 04/29/18 | 10-Q | |
03/22/18 | 01/28/18 | 10-K | |
11/21/17 | 10/29/17 | 10-Q | |
08/22/17 | 07/30/17 | 10-Q | |
05/23/17 | 04/30/17 | 10-Q | |
03/23/17 | 01/29/17 | 10-K | |
11/22/16 | 10/30/16 | 10-Q | |
08/23/16 | 07/31/16 | 10-Q | |
05/24/16 | 05/01/16 | 10-Q | |
03/24/16 | 01/31/16 | 10-K | |
11/24/15 | 11/01/15 | 10-Q | |
08/25/15 | 08/02/15 | 10-Q | |
05/27/15 | 05/03/15 | 10-Q | |
03/26/15 | 02/01/15 | 10-K | |
11/25/14 | 11/02/14 | 10-Q | |
08/27/14 | 08/03/14 | 10-Q | |
05/28/14 | 05/04/14 | 10-Q | |
03/27/14 | 02/02/14 | 10-K | |
11/27/13 | 11/03/13 | 10-Q | |
08/28/13 | 08/04/13 | 10-Q | |
05/29/13 | 05/05/13 | 10-Q | |
03/28/13 | 02/03/13 | 10-K | |
11/21/12 | 10/28/12 | 10-Q | |
08/22/12 | 07/29/12 | 10-Q | |
05/24/12 | 04/29/12 | 10-Q | |
03/22/12 | 01/29/12 | 10-K | |
11/29/11 | 10/30/11 | 10-Q | |
09/01/11 | 07/31/11 | 10-Q | |
06/02/11 | 05/01/11 | 10-Q | |
03/24/11 | 01/30/11 | 10-K | |
11/29/11 | 10/31/10 | 10-Q | |
09/02/10 | 08/01/10 | 10-Q | |
06/03/10 | 05/02/10 | 10-Q | |
03/25/10 | 01/31/10 | 10-K | |
12/02/10 | 11/01/09 | 10-Q | |
12/03/09 | 10/31/09 | 10-Q | |
09/03/09 | 07/31/09 | 10-Q | |
06/04/09 | 04/30/09 | 10-Q | |
04/02/09 | 02/01/09 | 10-K | |
12/04/08 | 10/30/08 | Unknown | -- |
09/04/08 | 07/31/08 | Unknown | -- |
06/04/08 | 04/30/08 | Unknown | -- |
04/03/08 | 01/31/08 | NO ACT | |
11/28/07 | 10/30/07 | Unknown | -- |
09/04/07 | 07/31/07 | Unknown | -- |
06/06/07 | 04/30/07 | 8-K | |
03/29/07 | 01/31/07 | 10-K | |
12/06/06 | 10/30/06 | Unknown | -- |
09/06/06 | 07/31/06 | Unknown | -- |
06/01/06 | 04/30/06 | 10-Q | |
03/29/06 | 01/28/06 | Unknown | -- |
12/01/05 | 10/31/05 | 10-Q | |
09/01/05 | 07/31/05 | 10-Q | |
06/02/05 | 04/30/05 | Unknown | -- |
04/11/05 | 01/31/05 | NO ACT | |
12/02/04 | 10/30/04 | Unknown | -- |
09/02/04 | 07/31/04 | Unknown | -- |
06/04/04 | 04/30/04 | Unknown | -- |
04/12/04 | 01/31/04 | NO ACT | |
12/04/03 | 10/30/03 | Unknown | -- |
09/05/03 | 07/31/03 | Unknown | -- |
06/06/03 | 04/30/03 | Unknown | -- |
04/21/03 | 01/31/03 | NO ACT | |
12/05/02 | 10/30/02 | Unknown | -- |
08/26/02 | 07/31/02 | Unknown | -- |
06/04/02 | 04/30/02 | Unknown | -- |
04/19/02 | 01/31/02 | NO ACT | |
11/28/01 | 10/30/01 | Unknown | -- |
08/27/01 | 07/31/01 | Unknown | -- |
05/29/01 | 04/30/01 | Unknown | -- |
04/23/01 | 01/31/01 | 10-K | |
11/22/00 | 10/31/00 | 10-Q | |
08/24/00 | 07/31/00 | Unknown | -- |
05/25/00 | 04/30/00 | 10-Q | |
04/21/00 | 01/29/00 | Unknown | -- |