Primary Segment — Cost of Sales
Business Segments · Cost of SalesHome Depot Primary Segment — Cost of Sales decreased by 11.8% to $24.44B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.4%, from $24.53B to $24.44B. Over 2 years (FY 2023 to FY 2025), Primary Segment — Cost of Sales shows relatively stable performance with a -1.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to sales may signal rising supply chain costs or inventory inefficiencies, while a decrease suggests improved procurement leverage.
Detailed definition
Includes the direct costs attributable to the production and procurement of goods sold by the primary segment, such as i...
Peer comparison
Standard COGS metric; comparable to cost of goods sold reported by other large-scale retailers.
hd_segment_primary_segment_cost_of_salesHistorical Data
| 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 | $26.16B | $26.16B | $26.16B | $26.16B | $25.43B | $23.99B | $27.77B | $24.53B | $24.64B | $24.38B | $27.73B | $24.44B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -2.8% | -5.7% | +15.8% | -11.6% | +0.4% | -1.0% | +13.7% | -11.8% |
| YoY Change | — | — | — | — | -2.8% | -8.3% | +6.2% | -6.2% | -3.1% | +1.7% | -0.1% | -0.4% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Home Depot's primary segment — cost of sales?
- Home Depot (HD) reported primary segment — cost of sales of $24.44B in Q4 2025.
- How has Home Depot's primary segment — cost of sales changed year-over-year?
- Home Depot's primary segment — cost of sales decreased by 0.4% year-over-year, from $24.53B to $24.44B.
- What is the long-term trend for Home Depot's primary segment — cost of sales?
- Over 2 years (2023 to 2025), Home Depot's primary segment — cost of sales has grown at a -1.7% compound annual growth rate (CAGR), from $104.63B to $101.19B.
- What does primary segment — cost of sales mean?
- The direct costs incurred to acquire or produce the products sold by the primary segment.