Home Depot (HD) stock
Consumer Discretionary · Home Improvement Retail
Home Depot (HD) is a Home Improvement Retail company in the Consumer Discretionary sector, headquartered in Atlanta, Georgia. As of October 23, 2026, HD closed at $319.83, a market capitalization of $319.09 billion, the 32nd largest company in the S&P 500. Over the last twelve months it generated $169.18 billion in revenue (+6% year over year) and $15.10 billion in free cash flow. The stock trades at 21.5x trailing earnings and 20.0x forward earnings.
- 1-year total return: -14.6% (dividends reinvested)
- 5-year return: -0.2% a year
- 52-week range: $277.15 – $397.63
- Gross margin 32.8%, operating margin 12.9%
- Dividend yield: 2.91%, 16 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 3rd largest of 47 Consumer Discretionary stocks in the S&P 500
HD price chart
1Y price change: -16.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| HD | +7.8% | -5.0% | -14.6% | +6.6% | -0.2% | +12.4% | +24.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1981.
HD key statistics
- Market cap
- $319.1B
- #32 in S&P 500
- P/E (TTM)
- 21.5x
- Forward P/E
- 20.0x
- EPS (TTM)
- $14.91
- Revenue (TTM)
- $169.2B
- +6%
- Free cash flow
- $15.1B
- Gross margin
- 32.8%
- Operating margin
- 12.9%
- Return on equity
- 104.3%
- Dividend yield
- 2.91%
- 52-week range
- $277.15 – $397.63
- Beta
- 1.00
- Price / sales
- 1.9x
- EV / EBITDA
- 15.4x
- Debt / equity
- 3.80x
- Employees
- 470,000
HD report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth5.7%C
- Gross margin32.8%C
- Operating margin12.9%C
- FCF margin8.9%C
- Return on equity104.3%A
- Net debt / EBITDA2.5xD
- Forward P/E20.0xC
- PEG ratio1.7xC
- Shareholder yield2.9%C
- Share count change / yr-1.6%B
Home Depot financials
Revenue went from $94.6B in fiscal 2017 to $164.7B in fiscal 2026, growing 6.4% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.6B | $100.9B | $108.2B | $110.2B | $132.1B | $151.2B | $157.4B | $152.7B | $159.5B | $164.7B |
| Gross profit | $32.3B | $34.4B | $37.2B | $37.6B | $44.9B | $50.8B | $52.8B | $51.0B | $53.3B | $54.9B |
| Operating income | $13.4B | $14.7B | $15.5B | $15.8B | $18.3B | $23.0B | $24.0B | $21.7B | $21.5B | $20.9B |
| Net income | $8.0B | $8.6B | $11.1B | $11.2B | $12.9B | $16.4B | $17.1B | $15.1B | $14.8B | $14.2B |
| EPS (diluted) | $6.45 | $7.29 | $9.73 | $10.25 | $11.94 | $15.53 | $16.69 | $15.11 | $14.91 | $14.23 |
| Free cash flow | $8.2B | $10.1B | $10.7B | $11.0B | $16.4B | $14.0B | $11.5B | $17.9B | $16.3B | $12.6B |
| Buybacks | $6.9B | $8.0B | $10.0B | $7.0B | $791.0M | $14.8B | $6.7B | $8.0B | $649.0M | $0 |
| Dividends paid | $3.4B | $4.2B | $4.7B | $6.0B | $6.5B | $7.0B | $7.8B | $8.4B | $8.9B | $9.2B |
| Diluted shares | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B | 1.1B | 1.0B | 1.0B | 993.0M | 995.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into HD?
A reverse DCF asks what growth the current price requires. With an enterprise value of $380.2B and $15.1B of trailing free cash flow, Home Depot needs to grow free cash flow about 16.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -5.0% a year over the last five years.
P/E ratio history
Current 22.5x vs. median 23.7x (10th–90th percentile 17.8x–27.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
HD dividend
- Dividend yield
- 2.91%
- Annual dividend
- $9.32
- Years of increases
- 16
- 5-yr dividend growth
- 8.9%
- per year
- Payout ratio
- 65%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
HD earnings
Next report: November 17, 2026. Home Depot has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $47.9B (+6% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 18, 2026 | $4.73 | $4.92 | +4.0% |
| May 19, 2026 | $3.41 | $3.43 | +0.7% |
| Feb 24, 2026 | $2.52 | $2.72 | +7.8% |
| Nov 18, 2025 | $3.83 | $3.74 | -2.5% |
| Aug 19, 2025 | $4.69 | $4.68 | -0.3% |
| May 20, 2025 | $3.59 | $3.56 | -0.8% |
| Feb 25, 2025 | $3.04 | $3.02 | -0.8% |
| Nov 12, 2024 | $3.66 | $3.67 | +0.3% |
Stocks like HD
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|---|---|---|---|---|---|
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HD news
- Booking vs. Home Depot: Is Consumer Travel or Home Improvement Benefitting One of These Stocks More? · Oct 24, 2026
- Home Depot's latest move is good for customers and the U.S. economy · Oct 23, 2026
- One Number That Makes Home Depot A Buy · Oct 22, 2026
- Tractor Supply taps former Home Depot exec as chief technology, digital officer · Oct 22, 2026
- Home Depot (HD) Earnings Revisions Bring Its Valuation Story Back Into Focus · Oct 22, 2026
HD stock FAQ
What is HD's market cap?
Home Depot's market capitalization is $319.09 billion as of October 23, 2026, ranking 32nd in the S&P 500.
What is HD's P/E ratio?
HD trades at a trailing price-to-earnings ratio of 21.5x and a forward P/E of 20.0x. Its median P/E over the period we track is 23.7x.
Does HD pay a dividend?
Yes. Home Depot pays $9.32 per share a year, a 2.91% yield. It has raised its dividend 16 years in a row. Dividends grew 8.9% a year over the last five years.
How much has HD stock returned?
Including reinvested dividends, HD returned -14.6% over one year, -0.2% a year over five years, +12.4% a year over ten years through October 23, 2026.
Is HD stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Home Depot must grow free cash flow about 16% a year for the next decade. Its free cash flow fell 5% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does HD report earnings?
Home Depot is expected to report earnings on November 17, 2026. It has beaten EPS estimates 3 quarters in a row.
How many employees does Home Depot have?
Home Depot has about 470,000 full-time employees, or $359,949 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology