Analysis of Revenues
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Home Depot Inc. pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Net Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Revenues as Reported
Home Depot Inc., income statement, revenues
US$ in millions
| 12 months ended: | Feb 2, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Building Materials | |||||||||||||
| Décor | |||||||||||||
| Hardlines | |||||||||||||
| Primary segment net sales | |||||||||||||
| Other net sales | |||||||||||||
| Net sales |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).
- Trends in Primary Segment Net Sales
- The primary segment net sales exhibited a consistent upward trajectory from February 2020 through January 2023, increasing from approximately $110.2 billion to $157.4 billion. However, in the subsequent periods ending January 2024 and February 2025, a slight decline and then stabilization occurred, with values of $152.7 billion and $153.1 billion respectively, indicating a possible plateauing after sustained growth.
- Performance of Building Materials
- Building materials demonstrated a steady increase from $39.3 billion in February 2020 to a peak of about $59.5 billion in January 2023. Post this peak, a downward trend is observed, with figures declining to $57.0 billion in January 2024 and further to roughly $52.8 billion in February 2025. This decline contrasts with the stabilization seen in overall primary segment sales, suggesting potential challenges or market shifts in this category.
- Trends in Décor
- The décor segment showed consistent growth through January 2023, moving from $37.4 billion to $52.3 billion. This was followed by a slight decline to $50.3 billion in January 2024. The segment rebounded somewhat in February 2025, reaching approximately $51.8 billion, indicating some resilience despite the earlier dip.
- Hardlines Segment Dynamics
- Hardlines sales increased substantially from $33.5 billion in February 2020 to $45.7 billion in January 2022. Thereafter, the segment stabilized between $45.3 billion and $45.5 billion for two consecutive years, followed by a marginal increase to about $48.6 billion in February 2025. This pattern suggests a period of steady sales with recent moderate growth.
- Other Net Sales
- A notable addition to the revenue composition appears in February 2025, with other net sales amounting to roughly $6.4 billion. This category was not reported in prior periods and may indicate diversification or expansion into new revenue streams.
- Overall Net Sales
- Total net sales mirrored the primary segment's growth trend from 2020 through 2023, rising from $110.2 billion to $157.4 billion. The subsequent decline in 2024 to $152.7 billion was followed by an increase to $159.5 billion in 2025, aided by the inclusion of other net sales. This suggests that while core sales experienced some softness, diversification contributed to overall sales growth.