Selected Financial Data
since 2005
Income Statement
Home Depot Inc., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Net sales | Operating income | Net earnings |
|---|---|---|---|
| Feb 2, 2025 | 159,514) | 21,526) | 14,806) |
| Jan 28, 2024 | 152,669) | 21,689) | 15,143) |
| Jan 29, 2023 | 157,403) | 24,039) | 17,105) |
| Jan 30, 2022 | 151,157) | 23,040) | 16,433) |
| Jan 31, 2021 | 132,110) | 18,278) | 12,866) |
| Feb 2, 2020 | 110,225) | 15,843) | 11,242) |
| Feb 3, 2019 | 108,203) | 15,530) | 11,121) |
| Jan 28, 2018 | 100,904) | 14,681) | 8,630) |
| Jan 29, 2017 | 94,595) | 13,427) | 7,957) |
| Jan 31, 2016 | 88,519) | 11,774) | 7,009) |
| Feb 1, 2015 | 83,176) | 10,469) | 6,345) |
| Feb 2, 2014 | 78,812) | 9,166) | 5,385) |
| Feb 3, 2013 | 74,754) | 7,766) | 4,535) |
| Jan 29, 2012 | 70,395) | 6,661) | 3,883) |
| Jan 30, 2011 | 67,997) | 5,839) | 3,338) |
| Jan 31, 2010 | 66,176) | 4,803) | 2,661) |
| Feb 1, 2009 | 71,288) | 4,359) | 2,260) |
| Feb 3, 2008 | 77,349) | 7,242) | 4,395) |
| Jan 28, 2007 | 90,837) | 9,673) | 5,761) |
| Jan 29, 2006 | 81,511) | 9,363) | 5,838) |
| Jan 30, 2005 | 73,094) | 7,926) | 5,001) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
The financial data reveals several significant trends over the observed periods relating to sales, profitability, and earnings performance.
- Net Sales
- Net sales demonstrate an overall upward trend from approximately $73.1 billion in early 2005 to around $159.5 billion projected by early 2025. Noteworthy is a dip between early 2007 and 2010, where sales decreased from about $90.8 billion in 2007 down to approximately $66.2 billion in 2010, reflecting potential macroeconomic challenges or industry-specific pressures during that period. From 2010 onwards, net sales resume a consistent growth trajectory, with accelerated increases particularly visible from 2020 onwards, surging from roughly $132.1 billion to an estimated $159.5 billion in 2025.
- Operating Income
- Operating income follows a generally positive growth path from $7.9 billion in 2005 to a peak around $24.0 billion in early 2024. However, the data reveals volatility, especially during the 2007-2010 interval, where operating income declined substantially from $9.7 billion in 2007 to about $4.8 billion in 2010, mirroring the net sales downturn. From 2011, recovery and growth are evident, with operating income increasing steadily through 2023. A slight decrease is observed in the latest year from $24.0 billion in 2024 to $21.7 billion estimated in 2025, suggesting some operational challenges or increased costs that impacted profitability.
- Net Earnings
- Net earnings show a similar pattern to operating income, with an initial rise from $5.0 billion in 2005 to a peak of $5.8 billion in 2006, followed by a decrease to a trough of approximately $2.3 billion in 2009 amid financial downward trends. Post-2009, earnings demonstrate steady recovery and growth, rising to an estimated $14.8 billion by early 2025. The data indicates some fluctuations in more recent years, with net earnings peaking around $17.1 billion in 2023 before slightly retreating by 2025, consistent with the observed drop in operating income.
Overall, the data suggests that the entity experienced a period of stress and decline around the global financial crisis of 2008-2009, recovering gradually in subsequent years. The sustained growth post-2010 supports increased scale and operational efficiencies. The recent years' slight profitability softness despite high sales growth may reflect rising costs, competitive pressures, or market challenges that warrant further analysis. Nevertheless, the long-term trajectory indicates improved financial strength and expanded earnings capacity.
Balance Sheet: Assets
Home Depot Inc., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Feb 2, 2025 | 31,683) | 96,119) |
| Jan 28, 2024 | 29,775) | 76,530) |
| Jan 29, 2023 | 32,471) | 76,445) |
| Jan 30, 2022 | 29,055) | 71,876) |
| Jan 31, 2021 | 28,477) | 70,581) |
| Feb 2, 2020 | 19,810) | 51,236) |
| Feb 3, 2019 | 18,529) | 44,003) |
| Jan 28, 2018 | 18,933) | 44,529) |
| Jan 29, 2017 | 17,724) | 42,966) |
| Jan 31, 2016 | 16,993) | 42,549) |
| Feb 1, 2015 | 15,302) | 39,946) |
| Feb 2, 2014 | 15,279) | 40,518) |
| Feb 3, 2013 | 15,372) | 41,084) |
| Jan 29, 2012 | 14,520) | 40,518) |
| Jan 30, 2011 | 13,479) | 40,125) |
| Jan 31, 2010 | 13,900) | 40,877) |
| Feb 1, 2009 | 13,362) | 41,164) |
| Feb 3, 2008 | 14,674) | 44,324) |
| Jan 28, 2007 | 18,000) | 52,263) |
| Jan 29, 2006 | 15,346) | 44,482) |
| Jan 30, 2005 | 14,190) | 38,907) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
The analysis of the financial data reveals several trends in the company's asset structure over the examined periods.
- Current Assets
- The current assets demonstrated an overall increasing trend from 2005 to 2025. Starting at approximately 14.2 billion US dollars in 2005, there was some fluctuation until around 2014, with values ranging mostly between 13.3 billion and 18 billion. From 2015 onward, current assets showed consistent growth, peaking at around 32.5 billion in 2023 before slightly declining to approximately 29.8 billion in 2024 and then recovering to about 31.7 billion in 2025. This indicates an expansion in liquid and short-term assets, suggesting enhanced liquidity and potentially greater operational capacity.
- Total Assets
- Total assets also showed a general upward trajectory over the period, beginning at roughly 38.9 billion US dollars in 2005. There was a noticeable dip between 2007 and 2015, where total assets fluctuated below 45 billion, with some years showing slight declines. However, from 2016 onwards, total assets increased markedly, surpassing 70 billion in 2021 and stabilizing near 76.5 billion in 2023 and 2024. The year 2025 saw a substantial jump to about 96.1 billion, reflecting significant asset growth possibly due to acquisitions, capital expenditures, or revaluation of asset holdings.
Overall, the data points to a strengthening in both short-term and total asset bases over the two-decade span, with more pronounced growth in the latter years. The rise in current assets supports improved liquidity positions, while the expansion in total assets suggests enhanced scale and capacity on the balance sheet.
Balance Sheet: Liabilities and Stockholders’ Equity
Home Depot Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity (deficit) | |
|---|---|---|---|---|
| Feb 2, 2025 | 28,661) | 89,479) | 53,383) | 6,640) |
| Jan 28, 2024 | 22,015) | 75,486) | 44,111) | 1,044) |
| Jan 29, 2023 | 23,110) | 74,883) | 43,193) | 1,562) |
| Jan 30, 2022 | 28,693) | 73,572) | 40,086) | (1,696) |
| Jan 31, 2021 | 23,166) | 67,282) | 37,238) | 3,299) |
| Feb 2, 2020 | 18,375) | 54,352) | 31,483) | (3,116) |
| Feb 3, 2019 | 16,716) | 45,881) | 29,202) | (1,878) |
| Jan 28, 2018 | 16,194) | 43,075) | 27,028) | 1,454) |
| Jan 29, 2017 | 14,133) | 38,633) | 23,601) | 4,333) |
| Jan 31, 2016 | 12,526) | 36,233) | 21,315) | 6,316) |
| Feb 1, 2015 | 11,269) | 30,624) | 17,197) | 9,322) |
| Feb 2, 2014 | 10,749) | 27,996) | 14,724) | 12,522) |
| Feb 3, 2013 | 11,462) | 23,307) | 10,796) | 17,777) |
| Jan 29, 2012 | 9,376) | 22,620) | 10,788) | 17,898) |
| Jan 30, 2011 | 10,122) | 21,236) | 9,749) | 18,889) |
| Jan 31, 2010 | 10,363) | 21,484) | 9,682) | 19,393) |
| Feb 1, 2009 | 11,153) | 23,387) | 11,434) | 17,777) |
| Feb 3, 2008 | 12,706) | 26,610) | 13,430) | 17,714) |
| Jan 28, 2007 | 12,931) | 27,233) | 11,661) | 25,030) |
| Jan 29, 2006 | 12,901) | 17,573) | 4,085) | 26,909) |
| Jan 30, 2005 | 10,529) | 14,749) | 2,159) | 24,158) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
- Current liabilities
- Current liabilities showed a fluctuating pattern over the years. From 2005 to 2007, there was an increase peaking at 12,931 million USD. This was followed by a decline in the subsequent years until 2012. From 2012 onwards, current liabilities generally increased, reaching a high of 28,693 million USD in 2022. The last two years, 2023 and 2024, show slight decreases, ending at 28,661 million USD in 2025.
- Total liabilities
- Total liabilities exhibited an overall upward trend across the period analyzed. Starting at 14,749 million USD in 2005, liabilities increased steadily with minor fluctuations until 2011. From 2011 onwards, total liabilities escalated rapidly, surpassing 75,000 million USD from 2022, to reach 89,479 million USD in 2025. This reflects a significant increase in the company's financial obligations over time.
- Total debt
- Total debt rose dramatically during the period considered. In 2005, debt was relatively modest at 2,159 million USD, but saw a sharp rise through 2007 to 13,430 million USD. After some fluctuations in the following years, debt resumed its upward trajectory from 2012, reaching a peak of 44,111 million USD in 2024 and further climbing to 53,383 million USD in 2025. The increasing debt levels indicate a growing reliance on borrowed funds.
- Stockholders’ equity (deficit)
- Stockholders' equity showed a declining trend from 24,158 million USD in 2005 to a deficit position starting in 2019. The period between 2005 and 2013 saw a gradual decrease, with equity falling from 26,909 million USD in 2006 to 1,454 million USD in 2013. This downward trend continued, with the equity turning negative in 2019 (-1,878 million USD) and reaching a low of -3,116 million USD in 2020. Slight improvements occurred afterwards, turning slightly positive in 2021 and 2024, but remaining relatively low and volatile. This pattern implies challenges in retaining sufficient equity capital despite growth in liabilities and debt.
Cash Flow Statement
Home Depot Inc., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash used in financing activities |
|---|---|---|---|
| Feb 2, 2025 | 19,810) | (21,031) | (694) |
| Jan 28, 2024 | 21,172) | (4,729) | (15,443) |
| Jan 29, 2023 | 14,615) | (3,140) | (10,993) |
| Jan 30, 2022 | 16,571) | (2,969) | (19,120) |
| Jan 31, 2021 | 18,839) | (10,170) | (2,983) |
| Feb 2, 2020 | 13,723) | (2,653) | (10,834) |
| Feb 3, 2019 | 13,038) | (2,416) | (12,420) |
| Jan 28, 2018 | 12,031) | (2,228) | (8,870) |
| Jan 29, 2017 | 9,783) | (1,583) | (7,870) |
| Jan 31, 2016 | 9,373) | (2,982) | (5,787) |
| Feb 1, 2015 | 8,242) | (1,271) | (7,071) |
| Feb 2, 2014 | 7,628) | (1,507) | (6,652) |
| Feb 3, 2013 | 6,975) | (1,432) | (5,034) |
| Jan 29, 2012 | 6,651) | (1,129) | (4,048) |
| Jan 30, 2011 | 4,585) | (1,012) | (4,451) |
| Jan 31, 2010 | 5,125) | (755) | (3,503) |
| Feb 1, 2009 | 5,528) | (1,729) | (3,680) |
| Feb 3, 2008 | 5,727) | 4,758) | (10,639) |
| Jan 28, 2007 | 7,661) | (7,647) | (203) |
| Jan 29, 2006 | 6,484) | (4,586) | (1,612) |
| Jan 30, 2005 | 6,904) | (4,479) | (3,055) |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
The analysis of cash flow activities over the reported periods reveals significant fluctuations and notable trends in each category.
- Operating Activities
- The net cash provided by operating activities shows a general upward trend with variations throughout the years. Starting from approximately 6,904 million USD in early 2005, the figure increased to a peak of 21,172 million USD in early 2025, indicating enhanced operational cash efficiency and potential growth in core business profitability. Several fluctuations are observable; for instance, a decline is noted around 2008 and 2009, coinciding with the global financial crisis period, followed by a steady recovery thereafter. The overall increase suggests an expansion in operating cash inflows despite intermittent periods of slowdown.
- Investing Activities
- Net cash used in investing activities demonstrates volatility with frequent negative outflows, indicating ongoing investments or asset acquisitions. The data shows a strong cash outflow trend, with the lowest point around early 2025 at approximately -21,031 million USD. There are occasional positive inflows, notably in early 2008, which may represent asset disposals or divestitures. The persistent and increasing negative values in later years imply an aggressive investment phase, potentially aimed at growth or modernization, but also reflect a significant use of cash which may impact liquidity if not supported by operating inflows.
- Financing Activities
- Net cash used in financing activities reveals periods of both outflows and inflows, but predominantly outflows, suggesting repayment of debt, share repurchases, or dividend payments. The highest negative cash flows were observed around 2008 and again in the late 2010s, with a substantial decline reaching close to -15,443 million USD in early 2024. Interestingly, the year 2025 shows a sharp reduction in financing cash outflow to about -694 million USD, indicating a possible strategic change in financing approach. The overall pattern implies that the company actively managed its capital structure, balancing between raising and returning capital.
In summary, the company exhibits a robust ability to generate cash from operations with notable growth over the two decades. Investing activities are characterized by high outflows, reflecting strategic investments in assets. Financing activities reflect active management with a trend toward significant repayments and capital returns, easing in the most recent year observed.
Per Share Data
Home Depot Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Feb 2, 2025 | 14.96 | 14.91 | 9.00 |
| Jan 28, 2024 | 15.16 | 15.11 | 8.36 |
| Jan 29, 2023 | 16.74 | 16.69 | 7.60 |
| Jan 30, 2022 | 15.59 | 15.53 | 6.60 |
| Jan 31, 2021 | 11.98 | 11.94 | 6.00 |
| Feb 2, 2020 | 10.29 | 10.25 | 5.44 |
| Feb 3, 2019 | 9.78 | 9.73 | 4.12 |
| Jan 28, 2018 | 7.33 | 7.29 | 3.56 |
| Jan 29, 2017 | 6.47 | 6.45 | 2.76 |
| Jan 31, 2016 | 5.49 | 5.46 | 2.36 |
| Feb 1, 2015 | 4.74 | 4.71 | 1.88 |
| Feb 2, 2014 | 3.78 | 3.76 | 1.56 |
| Feb 3, 2013 | 3.03 | 3.00 | 1.16 |
| Jan 29, 2012 | 2.49 | 2.47 | 1.04 |
| Jan 30, 2011 | 2.03 | 2.01 | 0.95 |
| Jan 31, 2010 | 1.58 | 1.57 | 0.90 |
| Feb 1, 2009 | 1.34 | 1.34 | 0.90 |
| Feb 3, 2008 | 2.38 | 2.37 | 0.90 |
| Jan 28, 2007 | 2.80 | 2.79 | 0.68 |
| Jan 29, 2006 | 2.73 | 2.72 | 0.40 |
| Jan 30, 2005 | 2.27 | 2.26 | 0.33 |
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), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic Earnings Per Share (EPS)
- The basic EPS demonstrated a generally upward trend from 2005 through 2024, indicating increasing profitability on a per share basis over the long term. Notably, there was a decline from 2007 (2.80) to 2009 (1.34), which may align with wider economic challenges during that period. Following this decline, EPS steadily recovered and grew, reaching a peak in 2022 at 15.59 before slightly decreasing in the last two years to 15.16 in 2024.
- Diluted Earnings Per Share
- The diluted EPS closely mirrors the trend observed in basic EPS, with nearly identical values and correlation over the years. A significant dip is evident from 2007 to 2009, followed by consistent growth, peaking in 2022. The slight decrease in 2023 and 2024 is also reflected in diluted EPS, consistent with the basic EPS trend.
- Dividend Per Share
- The dividend per share has steadily increased each year from 2005 onward, indicating a strong and consistent commitment to returning value to shareholders. The growth is particularly pronounced from the early 2010s onwards, rising from 0.95 in 2011 to 9.00 in 2024. This steady increase denotes improving cash flow or retained earnings, enabling higher dividend payouts over time.
- Overall Analysis
- The data reveals that despite some volatility around the late 2000s, profitability (as measured by EPS) has experienced a significant long-term improvement. The parallel increase in dividends per share suggests a congruent strategy of profit growth and shareholder rewards. The recent slight dip in EPS after 2022 warrants monitoring but does not undermine the general trend of growth over the analyzed period. The consistent increase in dividends alongside rising earnings reflects financial strength and effective capital allocation.