Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Home Depot (The)

HD stock analysis · Consumer Discretionary · Home Improvement Retail

FY 2026-02-01ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$352.68HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$351.7B

Price × SEC outstanding shares. Shares measured 2026-05-19. Approximate; share and price dates can differ.

View share-count filing ↗
Momentum data and stock-split review

The current issuer FAQ states that there have been thirteen splits and expressly dates the last split to the three-for-two distribution on December 30, 1999. The reviewed same-ISIN fund observations support a split multiplier of 1 for this interval. Cash dividends are excluded. Fund values divided by held shares are indicative price-return proxies, not exchange closes or total returns.

Issuer action history 1 ↗

Fund valuation at 2025-06-30 ↗ · Fund valuation at 2026-05-31 ↗

Valuation

DCF value

$192.63

Equity cash-flow scenario · SEC outstanding shares at 2026-05-19 · -45.4% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

20.1%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-1.4%

43 sector peers · median 24.5×

How this is calculated ↗
Valuation

Historical multiples

24.8×

7 annual observations · snapshot P/E 24.8× · 0.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

28.2%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

31/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

-13.5%

2025-06-30 → 2026-05-31 · Reviewed split basis · fund snapshot

How this is calculated ↗
Investment

Asset growth

9.3%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

2.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-2.2%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

-0.0%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 21.2B2021-01-31: cfo $18,839,000,000.002021-01-31: capex $2,463,000,000.0020212022-01-30: cfo $16,571,000,000.002022-01-30: capex $2,566,000,000.0020222023-01-29: cfo $14,615,000,000.002023-01-29: capex $3,119,000,000.0020232024-01-28: cfo $21,172,000,000.002024-01-28: capex $3,226,000,000.0020242025-02-02: cfo $19,810,000,000.002025-02-02: capex $3,485,000,000.0020252026-02-01: cfo $16,325,000,000.002026-02-01: capex $3,679,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$241.61$263.62$287.29
10.0%$177.05$192.63$209.36
12.0%$139.68$151.57$164.31

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-02-01164.7B14.2B16.3B3.7B105.1B
2025-02-02159.5B14.8B19.8B3.5B96.1B
2024-01-28152.7B15.1B21.2B3.2B76.5B
2023-01-29157.4B17.1B14.6B3.1B76.4B
2022-01-30151.2B16.4B16.6B2.6B71.9B
2021-01-31132.1B12.9B18.8B2.5B70.6B
2020-02-02110.2B11.2B13.7B2.7B51.2B
2019-02-03108.2B11.1B13.2B2.4B44B
2018-01-28100.9B8.6B12B1.9B44.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue164.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-03-18
netIncome14.2BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-03-18
Parent/common earnings proxy14.2BNetIncomeLoss2026-03-18
cfo16.3BNetCashProvidedByUsedInOperatingActivities2026-03-18
capex3.7BPaymentsToAcquireProductiveAssets2026-03-18
operatingIncome20.9BOperatingIncomeLoss2026-03-18
assets105.1BAssets2026-03-18
equity12.8BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-03-18
Parent book equity proxy12.8BStockholdersEquity2026-03-18
debt49.4BLongTermDebt2026-03-18
shortDebtNot reported under a supported tag
cash1.4BCashAndCashEquivalentsAtCarryingValue2026-03-18
shares995MWeightedAverageNumberOfDilutedSharesOutstanding2026-03-18
dividends9.2BPaymentsOfDividendsCommonStock2026-03-18
buybacks0PaymentsForRepurchaseOfCommonStock2026-03-18
issuance314MProceedsFromIssuanceOfCommonStock2026-03-18