Investing
CapEx
Home Depot CapEx decreased by 2.1% to $898.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.8%, from $818.00M to $898.00M. Over 4 years (FY 2022 to FY 2026), CapEx shows an upward trend with a 8.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $524.00M | $518.00M | $695.00M | $829.00M | $704.00M | $743.00M | $769.00M | $903.00M | $905.00M | $792.00M | $671.00M | $858.00M | $847.00M | $719.00M | $818.00M | $1.10B | $806.00M | $917.00M | $898.00M |
| QoQ Change | — | -1.1% | +34.2% | +19.3% | -15.1% | +5.5% | +3.5% | +17.4% | +0.2% | -12.5% | -15.3% | +27.9% | -1.3% | -15.1% | +13.8% | +34.6% | -26.8% | +13.8% | -2.1% |
| YoY Change | — | — | — | — | +34.4% | +43.4% | +10.6% | +8.9% | +28.6% | +6.6% | -12.7% | -5.0% | -6.4% | -9.2% | +21.9% | +28.3% | -4.8% | +27.5% | +9.8% |
Range$518.00M – $1.10B
CAGR+12.7%
Avg YoY Growth+12.1%
Median YoY Growth+9.8%
CapEx at Other Companies
Frequently Asked Questions
- What is Home Depot's capex?
- Home Depot (HD) reported capex of $898.00M in Q4 2025.
- How has Home Depot's capex changed year-over-year?
- Home Depot's capex increased by 9.8% year-over-year, from $818.00M to $898.00M.
- What is the long-term trend for Home Depot's capex?
- Over 4 years (2022 to 2026), Home Depot's capex has grown at a 8.4% compound annual growth rate (CAGR), from $2.70B to $3.72B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.