The Home Depot reported net sales of $159.5 billion and net earnings of $14.8 billion, or $14.91 per diluted share, in fiscal 2024, which consisted of 53 weeks. The company said the 53rd week added approximately $2.5 billion of net sales and increased diluted earnings per share by approximately $0.30.

10-KAnnual reportFiled Mar 21, 2025Period of report Feb 2, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

The Home Depot reported net sales of $159.5 billion and net earnings of $14.8 billion, or $14.91 per diluted share, in fiscal 2024, which consisted of 53 weeks. The company said the 53rd week added approximately $2.5 billion of net sales and increased diluted earnings per share by approximately $0.30.
The Home Depot completed the acquisition of SRS on June 18, 2024, with cash purchase consideration totaling $17.7 billion. The company said it utilized a combination of commercial paper borrowings, the issuance of long-term debt, and cash on hand to fund the transaction.
The Home Depot reported that total comparable sales decreased 1.8% in fiscal 2024, reflecting a 1.0% decrease in comparable customer transactions and a 0.9% decrease in comparable average ticket. The company cited heightened macroeconomic uncertainties and a persisting high interest rate environment as factors in the decline in comparable customer transactions.
The Home Depot generated $19.8 billion of cash flow from operations in fiscal 2024 and paid $8.9 billion in cash dividends, funded $3.5 billion in capital expenditures, and repurchased $649 million of common stock. As of February 2, 2025, the company had an aggregate principal amount of senior notes outstanding of $51.1 billion.

Key figures

Fiscal year ended February 2, 2025

Revenue: $152.7B
Operating income: $21.7B
Net income: $15.1B
EPS: $15.11
Gross profit: $51.0B
Operating cash flow: $21.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Annual net sales, net earnings and the 53rd week effect

The Home Depot reported net sales of $159.5 billion and net earnings of $14.8 billion, or $14.91 per diluted share, in fiscal 2024, which consisted of 53 weeks. The company said the 53rd week added approximately $2.5 billion of net sales and increased diluted earnings per share by approximately $0.30.

Source · Based on the MD&A text of the filing

SRS acquisition consideration and funding sources

The Home Depot completed the acquisition of SRS on June 18, 2024, with cash purchase consideration totaling $17.7 billion. The company said it utilized a combination of commercial paper borrowings, the issuance of long-term debt, and cash on hand to fund the transaction.

Source · Based on the MD&A text of the filing

Comparable sales decline and company explanation

The Home Depot reported that total comparable sales decreased 1.8% in fiscal 2024, reflecting a 1.0% decrease in comparable customer transactions and a 0.9% decrease in comparable average ticket. The company cited heightened macroeconomic uncertainties and a persisting high interest rate environment as factors in the decline in comparable customer transactions.

Source · Based on the MD&A text of the filing

Cash flows and shareholder returns and debt position

The Home Depot generated $19.8 billion of cash flow from operations in fiscal 2024 and paid $8.9 billion in cash dividends, funded $3.5 billion in capital expenditures, and repurchased $649 million of common stock. As of February 2, 2025, the company had an aggregate principal amount of senior notes outstanding of $51.1 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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