Home Depot (HD) FY2024 results: revenue $159.5 billion, up 4.5% on the year
Home Depot, Inc. (HD) reported revenue of $159.5 billion for fiscal 2024, the year ended 2 February 2025, up 4.5% on the year before. Net income was $14.8 billion, down 2.2%, and diluted earnings per share $14.91. The figures are the company's own, from the 10-K it filed with the SEC on 21 March 2025.
Revenue
$159.5 billion
+4.5% on the year
FY2017FY2024
Operating margin
13.5%
14.2% a year earlier
FY2017FY2024
Net income
$14.8 billion
-2.2% on the year
FY2017FY2024
Diluted EPS
$14.91
-1.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
19,810
21,172
14,615
-6.4%
Capital expenditure
3,485
3,226
3,119
+8.0%
Free cash flow
16,325
17,946
11,496
-9.0%
Free cash flow margin
10.2%
11.8%
7.3%
Cash from investing
-21,031
-4,729
-3,140
Cash from financing
-694
-15,443
-10,993
Depreciation and amortisation
3,336
3,061
2,796
+9.0%
Share-based compensation
442
380
366
+16.3%
Buybacks
649
7,951
6,696
-91.8%
Dividends paid
8,929
8,383
7,789
+6.5%
Dividend per share
$9.00
$8.36
$7.60
+7.7%
Diluted shares, weighted
993m
1,002m
1,025m
-0.9%
Shares outstanding at period end
994m
992m
1,016m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,640
1,044
1,562
+536.0%
Short-term borrowings
n/a
0.0
n/a
Debt
53,383
42,150
41,150
+26.7%
Operating lease liabilities
7,633
7,082
6,226
+7.8%
Finance lease liabilities
2,749
3,000
3,054
-8.4%
Other liabilities
25,714
23,254
24,453
+10.6%
Total liabilities and equity
96,119
76,530
76,445
+25.6%
Fixed assets
26,702
26,154
25,631
+2.1%
Goodwill
19,475
8,455
7,444
+130.3%
Intangible assets
8,983
3,606
3,323
+149.1%
Cash and equivalents
1,659
3,760
2,757
-55.9%
Receivables
4,903
3,328
3,317
+47.3%
Inventory
23,451
20,976
24,886
+11.8%
Other assets
10,946
10,251
9,087
+6.8%
Total assets
96,119
76,530
76,445
+25.6%
10-K for the year ended 2 February 2025, filed 21 March 2025: the filing.