Income Statement The Home Depot, Inc.

Equities

HD

US4370761029

Home Improvement Products & Services Retailers

Market Closed - Nyse Other stock markets 06:00:03 18/04/26 am AEST			5-day change	1st Jan Change
349.40 ^USD	+3.63%		+3.58%	+1.54%

16/04	Prologis lifts annual FFO forecast as warehouse leasing remains strong	RE
15/04	The Home Depot, Inc. (NYSE:HD) acquired SIMPL Automation.	CI

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Published financial data: THE HOME DEPOT, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2022	2023	2024	2025	2026
Revenues	151B	157B	153B	160B	165B
Total Revenues	151B	157B	153B	160B	165B
Cost of Goods Sold, Total	100B	105B	102B	106B	110B
Gross Profit	50.83B	52.78B	50.96B	53.31B	54.86B
Selling General & Admin Expenses, Total	25.14B	26.28B	26.6B	28.75B	30.7B
Depreciation & Amortization - (IS)	2.39B	2.46B	2.67B	3.03B	3.27B
Other Operating Expenses, Total	27.53B	28.74B	29.27B	31.78B	33.98B
Operating Income	23.3B	24.04B	21.69B	21.53B	20.89B
Interest Expense, Total	-1.35B	-1.62B	-1.94B	-2.32B	-2.41B
Interest And Investment Income	44M	55M	178M	201M	124M
Net Interest Expenses	-1.3B	-1.56B	-1.76B	-2.12B	-2.29B
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	22B	22.48B	19.92B	19.41B	18.6B
Merger & Related Restructuring Charges	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-262M	-	-	-	-
EBT, Incl. Unusual Items	21.74B	22.48B	19.92B	19.41B	18.6B
Income Tax Expense	5.3B	5.37B	4.78B	4.6B	4.45B
Earnings From Continuing Operations	16.43B	17.1B	15.14B	14.81B	14.16B
Net Income to Company	16.43B	17.1B	15.14B	14.81B	14.16B
Net Income - (IS)	16.43B	17.1B	15.14B	14.81B	14.16B
Net Income to Common Incl Extra Items	16.43B	17.1B	15.14B	14.81B	14.16B
Net Income to Common Excl. Extra Items	16.43B	17.1B	15.14B	14.81B	14.16B
Per Share Items
Net EPS - Basic	15.59	16.74	15.16	14.96	14.26
Basic EPS - Continuing Operations	15.59	16.74	15.16	14.96	14.26
Basic Weighted Average Shares Outstanding	1.05B	1.02B	999M	990M	993M
Net EPS - Diluted	15.53	16.69	15.11	14.91	14.23
Diluted EPS - Continuing Operations	15.53	16.69	15.11	14.91	14.23
Diluted Weighted Average Shares Outstanding	1.06B	1.02B	1B	993M	995M
Normalized Basic EPS	13.04	13.75	12.46	12.25	11.71
Normalized Diluted EPS	13	13.71	12.43	12.21	11.68
Dividend Per Share	6.85	7.79	8.52	9.05	9.23
Payout Ratio	42.51	45.54	55.36	60.31	64.65
American Depositary Receipts Ratio (ADR)	0.04	0.04	0.04	0.04	0.04
Supplemental Items
EBITDA	26.16B	27.01B	24.94B	25.29B	25.01B
EBITA	23.3B	24.04B	21.69B	21.95B	21.5B
EBIT	23.3B	24.04B	21.69B	21.53B	20.89B
EBITDAR	27.67B	28.65B	26.78B	27.51B	27.44B
Effective Tax Rate - (Ratio)	24.4	23.9	24	23.7	23.9
Current Domestic Taxes	5.05B	4.8B	4.65B	4.25B	3.54B
Current Foreign Taxes	511M	436M	365M	386M	414M
Total Current Taxes	5.56B	5.23B	5.01B	4.64B	3.95B
Deferred Domestic Taxes	-166M	163M	-216M	-42M	549M
Deferred Foreign Taxes	-88M	-25M	-14M	3M	-54M
Total Deferred Taxes	-254M	138M	-230M	-39M	495M
Normalized Net Income	13.75B	14.05B	12.45B	12.13B	11.63B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	127M	125M	126M	118M	113M
Supplemental Operating Expense Items
Advertising Expense	1.04B	1.08B	1.1B	1.2B	1.3B
Selling and Marketing Expenses	1.04B	1.08B	1.1B	1.2B	1.3B
Net Rental Expense, Total	1.51B	1.64B	1.84B	2.23B	2.43B
Imputed Operating Lease Interest Expense	363M	439M	550M	712M	727M
Imputed Operating Lease Depreciation	1.15B	1.2B	1.29B	1.52B	1.7B
Stock-Based Comp., Other (Total)	399M	366M	380M	444M	524M
Total Stock-Based Compensation	399M	366M	380M	444M	524M

Fiscal Period: February	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	2.34B	2.76B	3.76B	1.66B	1.39B
Total Cash And Short Term Investments	2.34B	2.76B	3.76B	1.66B	1.39B
Accounts Receivable, Total	2.9B	2.82B	2.75B	4.32B	5.03B
Other Receivables	525M	495M	575M	584M	567M
Total Receivables	3.43B	3.32B	3.33B	4.9B	5.6B
Inventory	22.07B	24.89B	20.98B	23.45B	25.82B
Other Current Assets, Total	1.22B	1.51B	1.71B	1.67B	1.59B
Total Current Assets	29.06B	32.47B	29.78B	31.68B	34.39B
Gross Property Plant And Equipment	57.3B	59.22B	61.14B	64.38B	68.67B
Accumulated Depreciation	-26.13B	-26.64B	-27.1B	-29.08B	-31.45B
Net Property Plant And Equipment	31.17B	32.57B	34.04B	35.29B	37.22B
Long-term Investments	58M	-	-	-	-
Goodwill	7.45B	7.44B	8.46B	19.48B	22.34B
Other Intangibles, Total	3.5B	3.32B	3.61B	8.98B	10.33B
Deferred Tax Assets Long-Term	344M	319M	313M	269M	292M
Other Long-Term Assets, Total	300M	316M	343M	415M	514M
Total Assets	71.88B	76.44B	76.53B	96.12B	105B
Liabilities
Accounts Payable, Total	13.46B	11.44B	10.04B	11.94B	11.49B
Accrued Expenses, Total	7.16B	6.38B	6.77B	7.11B	7.4B
Short-term Borrowings	1.04B	-	-	316M	4.46B
Current Portion of Long-Term Debt	2.25B	1B	1.1B	4.31B	4.68B
Current Portion of Leases	1.03B	1.18B	1.32B	1.55B	1.71B
Current Income Taxes Payable	158M	50M	28M	832M	114M
Unearned Revenue Current, Total	3.6B	3.06B	2.76B	2.61B	2.58B
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	28.69B	23.11B	22.02B	28.66B	32.42B
Long-Term Debt	33.57B	38.91B	40.6B	46.53B	44.22B
Long-Term Leases	8.39B	9.28B	10.08B	10.38B	10.84B
Deferred Tax Liability Non Current	909M	1.02B	863M	1.96B	2.84B
Other Non Current Liabilities	2.01B	2.57B	1.92B	1.94B	1.95B
Total Liabilities	73.57B	74.88B	75.49B	89.48B	92.28B
Common Stock, Total	90M	90M	90M	90M	90M
Additional Paid In Capital	12.13B	12.59B	13.15B	14.12B	14.81B
Retained Earnings	67.58B	76.9B	83.66B	89.53B	94.54B
Treasury Stock	-80.79B	-87.3B	-95.37B	-95.97B	-95.97B
Comprehensive Income and Other	-704M	-718M	-477M	-1.13B	-652M
Total Common Equity	-1.7B	1.56B	1.04B	6.64B	12.81B
Total Equity	-1.7B	1.56B	1.04B	6.64B	12.81B
Total Liabilities And Equity	71.88B	76.44B	76.53B	96.12B	105B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.03B	1.01B	991M	994M	996M
ECS Total Common Shares Outstanding	1.04B	1.02B	992M	994M	996M
Book Value / Share	-1.64	1.54	1.05	6.68	12.86
Tangible Book Value	-12.65B	-9.2B	-11.02B	-21.82B	-19.86B
Tangible Book Value Per Share	-12.22	-9.06	-11.11	-21.95	-19.94
Total Debt	46.27B	50.36B	53.1B	63.08B	65.91B
Net Debt	43.93B	47.61B	49.34B	61.43B	64.52B
Debt Equivalent Oper. Leases	12.07B	13.11B	14.76B	17.82B	19.45B
Account Code - Inventory Valuation	5	5	5	5	6
Inventories - Finished Goods, Total	22.07B	24.89B	20.98B	23.45B	25.82B
Land - (BS)	8.62B	8.72B	9.03B	9.06B	9.5B
Buildings, Total	19.17B	19.43B	20.03B	20.26B	21.32B
Machinery, Total	16.44B	16.56B	16.67B	18.47B	20.29B
Full Time Employees	491K	472K	463K	470K	472K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: February	2022	2023	2024	2025	2026
Net Income	16.43B	17.1B	15.14B	14.81B	14.16B
Depreciation & Amortization - CF	2.86B	2.98B	3.25B	3.34B	3.51B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	425M	607M
Depreciation & Amortization, Total	2.86B	2.98B	3.25B	3.76B	4.12B
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	399M	366M	380M	442M	522M
Other Operating Activities, Total	196M	271M	314M	107M	192M
Change In Accounts Receivable	-435M	111M	134M	174M	107M
Change In Inventories	-5.4B	-2.83B	4.14B	-743M	-1.5B
Change In Accounts Payable	2.4B	-2.58B	-1.41B	518M	-1.06B
Change in Unearned Revenues	775M	-526M	-318M	-165M	-61M
Change In Income Taxes	-51M	-107M	-25M	809M	-698M
Change In Deferred Taxes	-276M	138M	-245M	15M	418M
Change in Other Net Operating Assets	-330M	-311M	-184M	86M	124M
Cash from Operations	16.57B	14.62B	21.17B	19.81B	16.32B
Capital Expenditure	-2.57B	-3.12B	-3.23B	-3.48B	-3.68B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-421M	-	-1.51B	-17.64B	-5.41B
Other Investing Activities, Total	18M	-21M	11M	98M	109M
Cash from Investing	-2.97B	-3.14B	-4.73B	-21.03B	-8.98B
Short Term Debt Issued, Total	1.04B	-	-	316M	4.15B
Long-Term Debt Issued, Total	2.98B	6.94B	2B	10.01B	2.16B
Total Debt Issued	4.01B	6.94B	2B	10.33B	6.31B
Short Term Debt Repaid, Total	-	-1.04B	-	-	-
Long-Term Debt Repaid, Total	-1.53B	-2.49B	-1.27B	-1.54B	-5.04B
Total Debt Repaid	-1.53B	-3.53B	-1.27B	-1.54B	-5.04B
Issuance of Common Stock	337M	264M	323M	395M	314M
Repurchase of Common Stock	-14.81B	-6.7B	-7.95B	-649M	-
Common Dividends Paid	-6.98B	-7.79B	-8.38B	-8.93B	-9.15B
Common & Preferred Stock Dividends Paid	-6.98B	-7.79B	-8.38B	-8.93B	-9.15B
Other Financing Activities, Total	-145M	-188M	-156M	-301M	-145M
Cash from Financing	-19.12B	-10.99B	-15.44B	-694M	-7.71B
Foreign Exchange Rate Adjustments	-34M	-68M	3M	-186M	99M
Net Change in Cash	-5.55B	414M	1B	-2.1B	-270M
Supplemental Items
Cash Interest Paid	1.27B	1.45B	1.81B	2.2B	2.4B
Cash Income Tax Paid (Refund)	5.5B	5.44B	5.02B	3.65B	4.85B
Levered Free Cash Flow	11.75B	7.79B	15.1B	11.61B	8.62B
Unlevered Free Cash Flow	12.59B	8.8B	16.32B	13.06B	10.13B
Change In Net Working Capital	2.67B	6.45B	-2.36B	1.12B	3.89B
Net Debt Issued / Repaid	2.48B	3.42B	724M	8.79B	1.27B

Fiscal Period: February	2022	2023	2024	2025	2026
Profitability
Return on Assets	20.45	20.26	17.72	15.58	12.98
Return on Total Capital	31.91	31.14	25.37	21.72	17.59
Return On Equity %	2.05K	-25.53K	1.16K	385.37	145.54
Return on Common Equity	2.05K	-25.53K	1.16K	385.37	145.54
Margin Analysis
Gross Profit Margin %	33.63	33.53	33.38	33.42	33.32
SG&A Margin	16.63	16.7	17.42	18.02	18.64
EBITDA Margin %	17.31	17.16	16.33	15.85	15.19
EBITA Margin %	15.42	15.27	14.21	13.76	13.05
EBIT Margin %	15.42	15.27	14.21	13.49	12.68
Income From Continuing Operations Margin %	10.87	10.87	9.92	9.28	8.6
Net Income Margin %	10.87	10.87	9.92	9.28	8.6
Net Avail. For Common Margin %	10.87	10.87	9.92	9.28	8.6
Normalized Net Income Margin	9.1	8.92	8.16	7.6	7.06
Levered Free Cash Flow Margin	7.77	4.95	9.89	7.28	5.24
Unlevered Free Cash Flow Margin	8.33	5.59	10.69	8.19	6.15
Asset Turnover
Asset Turnover	2.12	2.12	2	1.85	1.64
Fixed Assets Turnover	4.89	4.94	4.58	4.6	4.54
Receivables Turnover (Average Receivables)	55.46	55.01	54.77	45.11	35.23
Inventory Turnover (Average Inventory)	5.19	4.46	4.44	4.78	4.46
Short Term Liquidity
Current Ratio	1.01	1.41	1.35	1.11	1.06
Quick Ratio	0.2	0.26	0.32	0.23	0.22
Operating Cash Flow to Current Liabilities	0.58	0.63	0.96	0.69	0.5
Days Sales Outstanding (Average Receivables)	6.56	6.62	6.65	8.22	10.33
Days Outstanding Inventory (Average Inventory)	70.2	81.68	82.07	77.6	81.65
Average Days Payable Outstanding	43.14	42.19	39.97	37.51	38.01
Cash Conversion Cycle (Average Days)	33.62	46.11	48.74	48.31	53.97
Long Term Solvency
Total Debt/Equity	-2.73K	3.22K	5.09K	950.08	514.39
Total Debt / Total Capital	103.8	96.99	98.07	90.48	83.72
LT Debt/Equity	-2.47K	3.09K	4.85K	857.12	429.72
Long-Term Debt / Total Capital	94.13	92.8	93.61	81.62	69.94
Total Liabilities / Total Assets	102.36	97.96	98.64	93.09	87.81
EBIT / Interest Expense	17.3	14.87	11.16	9.27	8.66
EBITDA / Interest Expense	20.54	17.72	13.78	11.85	11.38
(EBITDA - Capex) / Interest Expense	18.64	15.79	12.12	10.35	9.85
Total Debt / EBITDA	1.67	1.76	1.98	2.29	2.4
Net Debt / EBITDA	1.59	1.66	1.84	2.23	2.35
Total Debt / (EBITDA - Capex)	1.84	1.97	2.25	2.63	2.77
Net Debt / (EBITDA - Capex)	1.75	1.86	2.09	2.56	2.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.42	4.13	-3.01	4.48	3.24
Gross Profit, 1 Yr. Growth %	13.33	3.83	-3.44	4.61	2.92
EBITDA, 1 Yr. Growth %	13.72	4.29	-7.69	1.41	-1.09
EBITA, 1 Yr. Growth %	13.73	4.34	-9.78	0.35	-2.07
EBIT, 1 Yr. Growth %	13.73	4.34	-9.78	-0.75	-2.95
Earnings From Cont. Operations, 1 Yr. Growth %	27.72	4.09	-11.47	-2.23	-4.39
Net Income, 1 Yr. Growth %	27.72	4.09	-11.47	-2.23	-4.39
Normalized Net Income, 1 Yr. Growth %	14.65	3.4	-11.36	-2.6	-4.14
Diluted EPS Before Extra, 1 Yr. Growth %	30.07	7.47	-9.47	-1.32	-4.56
Accounts Receivable, 1 Yr. Growth %	13.76	-2.72	-2.45	56.88	16.46
Inventory, 1 Yr. Growth %	32.72	12.77	-15.71	11.8	10.09
Net Property, Plant and Equip., 1 Yr. Growth %	1.63	4.51	4.5	3.69	5.47
Total Assets, 1 Yr. Growth %	1.83	6.36	0.11	25.6	9.34
Tangible Book Value, 1 Yr. Growth %	70.02	-27.22	19.68	98.04	-8.97
Common Equity, 1 Yr. Growth %	-151.41	-192.1	-33.16	536.02	92.97
Cash From Operations, 1 Yr. Growth %	-12.04	-11.8	44.86	-6.43	-17.59
Capital Expenditures, 1 Yr. Growth %	4.18	21.55	3.43	8.03	5.57
Levered Free Cash Flow, 1 Yr. Growth %	-24.76	-32.77	93.97	-23.17	-25.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-23.5	-29.19	85.49	-20	-22.41
Dividend Per Share, 1 Yr. Growth %	11.38	13.72	9.37	6.22	1.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.1	9.15	0.5	0.67	3.86
Gross Profit, 2 Yr. CAGR %	16.32	8.48	0.13	0.5	3.76
EBITDA, 2 Yr. CAGR %	20.1	13.97	-1.88	-3.25	0.15
EBITA, 2 Yr. CAGR %	21.28	14.68	-2.98	-4.8	-0.87
EBIT, 2 Yr. CAGR %	21.28	14.68	-2.98	-5.37	-1.86
Earnings From Cont. Operations, 2 Yr. CAGR %	20.9	15.3	-4.01	-6.96	-3.31
Net Income, 2 Yr. CAGR %	20.9	15.3	-4.01	-6.96	-3.31
Normalized Net Income, 2 Yr. CAGR %	22.27	15.06	-4.26	-7.08	-3.37
Diluted EPS Before Extra, 2 Yr. CAGR %	23.09	18.23	-1.36	-5.48	-2.96
Accounts Receivable, 2 Yr. CAGR %	29.2	5.2	-2.58	23.71	35.17
Inventory, 2 Yr. CAGR %	23.23	22.34	-2.51	-2.93	10.94
Net Property, Plant and Equip., 2 Yr. CAGR %	4.82	3.06	4.5	4.09	4.58
Total Assets, 2 Yr. CAGR %	18.44	4.07	3.19	12.13	17.19
Tangible Book Value, 2 Yr. CAGR %	53.47	11.24	-6.67	53.96	34.26
Common Equity, 2 Yr. CAGR %	-26.22	-31.19	-21.54	106.18	250.33
Cash From Operations, 2 Yr. CAGR %	10.03	-11.92	13.03	16.42	-12.19
Capital Expenditures, 2 Yr. CAGR %	-2.11	12.53	12.13	5.7	6.79
Levered Free Cash Flow, 2 Yr. CAGR %	17.5	-26.03	14.2	22.08	-24.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.61	-23.6	14.61	21.82	-21.22
Dividend Per Share, 2 Yr. CAGR %	10.8	12.55	11.53	7.78	4.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.79	12.61	4.94	1.81	1.52
Gross Profit, 3 Yr. CAGR %	11.01	11.99	4.35	1.6	1.3
EBITDA, 3 Yr. CAGR %	13.43	14.2	6.24	-0.8	-2.54
EBITA, 3 Yr. CAGR %	13.88	14.91	5.87	-1.6	-3.89
EBIT, 3 Yr. CAGR %	13.88	14.91	5.87	-2.24	-4.57
Earnings From Cont. Operations, 3 Yr. CAGR %	13.9	15.02	5.58	-3.42	-6.11
Net Income, 3 Yr. CAGR %	13.9	15.02	5.58	-3.42	-6.11
Normalized Net Income, 3 Yr. CAGR %	14.12	15.17	5.48	-3.71	-6.11
Diluted EPS Before Extra, 3 Yr. CAGR %	16.87	17.65	8.16	-1.35	-5.18
Accounts Receivable, 3 Yr. CAGR %	20.94	17.54	2.59	14.19	21.25
Inventory, 3 Yr. CAGR %	16.59	19.64	8.05	2.05	1.23
Net Property, Plant and Equip., 3 Yr. CAGR %	11.68	4.72	3.54	4.23	4.55
Total Assets, 3 Yr. CAGR %	17.77	14.27	2.73	10.17	11.19
Tangible Book Value, 3 Yr. CAGR %	45.22	19.68	13.99	19.93	29.22
Common Equity, 3 Yr. CAGR %	-3.34	-20.56	-31.85	57.61	101.68
Cash From Operations, 3 Yr. CAGR %	7.97	2.21	3.97	6.13	3.76
Capital Expenditures, 3 Yr. CAGR %	1.66	5.21	9.41	10.74	5.66
Levered Free Cash Flow, 3 Yr. CAGR %	10.65	-2.91	2.01	0.07	3.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	10.51	-1.69	2.68	1.67	4.81
Dividend Per Share, 3 Yr. CAGR %	15.46	11.76	11.48	9.73	5.82
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.83	9.3	7.13	7.67	4.51
Gross Profit, 5 Yr. CAGR %	9.48	8.97	6.52	7.25	4.11
EBITDA, 5 Yr. CAGR %	11.18	10.04	6.82	6.87	3.76
EBITA, 5 Yr. CAGR %	11.66	10.37	6.57	6.74	3.3
EBIT, 5 Yr. CAGR %	11.66	10.37	6.57	6.32	2.71
Earnings From Cont. Operations, 5 Yr. CAGR %	15.61	14.66	6.37	5.66	1.93
Net Income, 5 Yr. CAGR %	15.61	14.66	6.37	5.66	1.93
Normalized Net Income, 5 Yr. CAGR %	11.99	10.41	6.12	5.69	1.84
Diluted EPS Before Extra, 5 Yr. CAGR %	19.21	18.02	9.2	7.78	3.57
Accounts Receivable, 5 Yr. CAGR %	13.07	11.96	10.92	19.97	14.55
Inventory, 5 Yr. CAGR %	11.95	14.31	8.54	10.05	9.2
Net Property, Plant and Equip., 5 Yr. CAGR %	7.3	8.09	8.75	4.47	3.95
Total Assets, 5 Yr. CAGR %	10.84	11.41	11.7	13.41	8.29
Tangible Book Value, 5 Yr. CAGR %	41.37	62.16	21.68	32.36	21.7
Common Equity, 5 Yr. CAGR %	-17.11	1.44	-11.08	16.34	31.18
Cash From Operations, 5 Yr. CAGR %	11.12	3.97	9.97	7.68	-2.82
Capital Expenditures, 5 Yr. CAGR %	9.62	10.46	5.73	5.41	8.36
Levered Free Cash Flow, 5 Yr. CAGR %	7.27	-3.6	11.74	6.41	-9.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.24	-2.56	11.84	7.12	-7.64
Dividend Per Share, 5 Yr. CAGR %	18.27	16.06	13.87	10.15	8.46