Earnings quality
Compare earnings and operating cash flow for earnings quality.
The Home Depot, Inc.
Ticker HD · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-03-18 · Period end 2026-02-01
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 12.7%; equity ratio is 12.2%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin12.7%
Equity ratio12.2%
Last priceUSD 315.11
Trailing P/E22.1×
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
The Home Depot, Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 770-433-8211 · As of filing date 2026-03-18
Financial statements
Income statement
| Account | FY2025 (ended Feb 02, 2025) | FY2026 (ended Feb 01, 2026) |
|---|---|---|
| Revenue | $159.5B | $164.7B |
| Cost of sales* | $106.2B | $109.8B |
| Gross profit | $53.3B | $54.9B |
| Operating profit | $21.5B | $20.9B |
| Income tax | $4.6B | $4.4B |
| Net income | $14.8B | $14.2B |
| Basic EPS | 14.96 | 14.26 |
Balance sheet
| Account | FY2025 (ended Feb 02, 2025) | FY2026 (ended Feb 01, 2026) |
|---|---|---|
| Cash & equivalents | $1.7B | $1.4B |
| Current assets | $31.7B | $34.4B |
| Non-current assets* | $64.4B | $70.7B |
| Total assets | $96.1B | $105.1B |
| Current liabilities | $28.7B | $32.4B |
| Non-current liabilities* | $60.8B | $59.9B |
| Total liabilities | $89.5B | $92.3B |
| Stockholders’ equity | $6.6B | $12.8B |
Cash flow statement
| Account | FY2025 (ended Feb 02, 2025) | FY2026 (ended Feb 01, 2026) |
|---|---|---|
| Operating cash flow | $19.8B | $16.3B |
| Investing cash flow | -$21.0B | -$9.0B |
| Financing cash flow | -$694.0M | -$7.7B |
| Cash at end of period | $1.7B | $1.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $151.2B | $157.4B | $152.7B | $159.5B | $164.7B | |
| Operating profit | $23.0B | $24.0B | $21.7B | $21.5B | $20.9B | |
| Net income | $16.4B | $17.1B | $15.1B | $14.8B | $14.2B | |
| Total assets | $71.9B | $76.4B | $76.5B | $96.1B | $105.1B | |
| Cash & equivalents | $2.3B | $2.8B | $3.8B | $1.7B | $1.4B | |
| Stockholders’ equity | -$1.7B | $1.6B | $1.0B | $6.6B | $12.8B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $159.5B to $164.7B (▲ +3.2%). Operating profit went from $21.5B to $20.9B (▼ -3.0%).
Operating cash flow was $16.3B (prior $19.8B), with cash on the balance sheet at $1.4B versus $1.7B.
Liquidity & leverage
Cash moved from $1.7B to $1.4B; current liabilities $32.4B.
Capital buffer
Stockholders’ equity moved from $6.6B to $12.8B.
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Source: SEC EDGAR 0001628280-26-019436
(The Home Depot, Inc.), period end 2026-02-01.