You know the brand. Let’s discover the business.We’re putting its numbers in order so they tell a clear story.How it makes money, how it’s doing and what could hold it back.Behind every company there’s a lot to tell.Revenue, results and risks, in plain language.One moment: your analysis is being prepared.You know the brand. Let’s discover the business.
Share price multiplied by shares outstanding. It does not measure company cash.
$348.9B
Revenue · FY 2025
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Sales generated during the period, before costs and expenses.
$164.7B
Net margin · FY 2025
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Net income as a proportion of revenue.
8.6%
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
Overview
01 · The business
02 · Financial performance
03 · Behind the results
Analysis
04 · Risks
05 · Goals and expectations
Outlook
06 · Valuation
07 · Events
Tracking
08 · Changes since my last visit
P1 · What does it do and how does it make money?
Of every $100 it takes in,8 come from Appliances.
Appliances is its largest source of revenue (8.5%), followed by Power (8.0%). Here you will see what it sells, where, and how that mix is changing.
$165bnrevenue in FY 2025
16business lines with data
92%of sales, in UNITED STATES
Full fiscal year ended Feb 1, 2026
After that close
Q2 fiscal 2026, ended Aug 2, 2026: total revenue +5.7% against the same quarter a year earlier.
This is the revenue of the whole company. The split by lines and regions on this page is still that of the full fiscal year.
01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2025
02Where revenue comes from
Revenue is spread out.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
No room for a label in the mosaic
No breakdown4.8%
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
$8bn (4.8%) of revenue has no segment assigned in the published data.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
It depends on one main market.
UNITED STATES is its largest market, with 92.4% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2025
04How the mix is changing
Other Segment is gaining weight.
Weight of each part in 2024 and in 2025. A line gains weight when it grows faster than the total.
Share of revenue in FY 2024 and FY 2025, on one scaleFY 2024FY 2025FY 2024FY 2025Change (pp)
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
The business relies overwhelmingly on the United States, which with 92.4% of sales delivered 99.9% of revenue growth in FY 2025.
✕That international diversification could cushion a US downturn: Non-US brought virtually no growth or increase in sales.
02
In FY 2025, revenue is spread across many large lines: the biggest is only 8.9% of sales and all but Other Segment grew less.
✕Who drove the increase: apart from Other Segment, no growth breakdown per line nor which offset another is given.
Our take
“
All of Home Depot’s growth in FY 2025 came from the US, with sales spread broadly by line but no single segment identified as the main growth driver.
01Shown by the figures
Broad spread of revenue by line
No line dominates revenue: seven major categories split most sales without a clear leader. Only Other Segment is known to have jumped (+98.5%), but its actual share in growth is small.
What is not proven
Among the major product lines, did any one drive most of the growth, and which—if any—helped offset or worsened the drop in net margin?
See the calculations behind it
United States brings 92.4% of sales (92.2% in FY 2024).
United States brought 99.9% of the growth in sales by region in FY 2025, weighing 92.2%.
With data to Nov 4, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
Next step
Now you know how it makes money. Next: how is it doing?