The Home Depot, Inc.
HDNYSE
$325.35
Last price · USD
- Market cap
- $324.4B
- P/E
- 22.9x
- EV / EBITDA
- 15.4x
- P/S
- 2.0x
- FCF yield
- 3.9%
- Div. yield
- 2.82%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
The Home Depot, Inc. cash flow statement
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 14,156 | 14,806 | 15,143 | 17,105 | 16,433 | -3.7% | |
| Depreciation & amortization | 4,121 | 3,761 | 3,247 | 2,975 | 2,862 | +9.5% | |
| Deferred income tax | 418 | 0 | 0 | 0 | (276) | — | |
| Stock-based compensation | 522 | 442 | 380 | 366 | 399 | +6.9% | |
| Change in working capital | (3,084) | 694 | 2,088 | (6,102) | (3,319) | — | |
| Accounts receivables | 0 | 174 | 134 | 111 | (435) | — | |
| Inventory | (1,498) | (743) | 4,137 | (2,830) | (5,403) | — | |
| Accounts payables | (1,058) | 518 | (1,411) | (2,577) | 2,401 | — | |
| Other working capital | (528) | 745 | (772) | (806) | 118 | — | |
| Other non-cash items | 192 | 107 | 314 | 271 | 472 | -20.1% | |
| Net cash from operating activities | 16,325 | 19,810 | 21,172 | 14,615 | 16,571 | -0.4% | |
| Operating cash flow | 16,325 | 19,810 | 21,172 | 14,615 | 16,571 | -0.4% | |
| Investing activities | |||||||
| Investments in PP&E | (3,679) | (3,485) | (3,226) | (3,119) | (2,566) | — | |
| Capital expenditure | (3,679) | (3,485) | (3,226) | (3,119) | (2,566) | — | |
| Acquisitions, net | (5,410) | (17,644) | (1,514) | 0 | (421) | — | |
| Other investing activities | 109 | 98 | 11 | (21) | 18 | +56.9% | |
| Net cash from investing activities | (8,980) | (21,031) | (4,729) | (3,140) | (2,969) | — | |
| Financing activities | |||||||
| Net debt issuance | 1,269 | 8,790 | 724 | 3,416 | 2,482 | -15.4% | |
| Short-term net debt issuance | 4,148 | 316 | 0 | (1,035) | 1,035 | +41.5% | |
| Long-term net debt issuance | (2,879) | 8,474 | 724 | 4,451 | 1,447 | — | |
| Net stock issuance | 314 | (254) | (7,951) | (6,432) | (14,809) | — | |
| Common stock issuance | 314 | 395 | 323 | 264 | 337 | -1.8% | |
| Common stock repurchased | 0 | (649) | (7,951) | (6,696) | (14,809) | — | |
| Net common stock issuance | 314 | (254) | (7,628) | (6,432) | (14,472) | — | |
| Common dividends paid | (9,152) | (8,929) | (8,383) | (7,789) | (6,985) | — | |
| Net dividends paid | (9,152) | (8,929) | (8,383) | (7,789) | (6,985) | — | |
| Net preferred stock issuance | 0 | 0 | (323) | 0 | (337) | — | |
| Other financing activities | (145) | (301) | 167 | (188) | 192 | — | |
| Net cash from financing activities | (7,714) | (694) | (15,443) | (10,993) | (19,120) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 99 | (186) | 3 | (68) | (34) | — | |
| Net change in cash | (270) | (2,101) | 1,003 | 414 | (5,552) | — | |
| Cash at beginning of period | 1,659 | 3,760 | 2,757 | 2,343 | 7,895 | -32.3% | |
| Cash at end of period | 1,389 | 1,659 | 3,760 | 2,757 | 2,343 | -12.3% | |
| Free cash flow | 12,646 | 16,325 | 17,946 | 11,496 | 14,005 | -2.5% | |
| Income taxes paid | 4,848 | 3,653 | 5,023 | 5,435 | 5,504 | -3.1% | |
| Interest paid | 2,405 | 2,199 | 1,809 | 1,449 | 1,269 | +17.3% | |