Free cash flow
Home Depot Free cash flow decreased by 16.5% to $3.11B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 8.9%, from $3.42B to $3.11B. Over 3 years (FY 2022 to FY 2025), Free cash flow shows an upward trend with a 5.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.12B | $2.74B | $2.36B | $3.09B | $2.65B | $2.07B | $3.69B | $4.71B | $5.80B | $3.56B | $3.88B | $4.65B | $4.69B | $3.42B | $3.57B | $3.52B | $3.73B | $3.11B |
| QoQ Change | — | -12.0% | -14.1% | +30.9% | -14.1% | -21.9% | +78.3% | +27.6% | +23.1% | -38.6% | +8.8% | +20.0% | +0.9% | -27.2% | +4.5% | -1.4% | +5.9% | -16.5% |
| YoY Change | — | — | — | — | -15.0% | -24.6% | +56.7% | +52.6% | +118.8% | +72.1% | +5.0% | -1.3% | -19.1% | -4.2% | -7.9% | -24.3% | -20.6% | -8.9% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Home Depot's free cash flow?
- Home Depot (HD) reported free cash flow of $3.11B in Q3 2025.
- How has Home Depot's free cash flow changed year-over-year?
- Home Depot's free cash flow decreased by 8.9% year-over-year, from $3.42B to $3.11B.
- What is the long-term trend for Home Depot's free cash flow?
- Over 3 years (2022 to 2025), Home Depot's free cash flow has grown at a 5.2% compound annual growth rate (CAGR), from $14.01B to $16.33B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.