What are Home Depot's profit margins?

Home Depot (HD) runs a 33.1% gross margin and a 12.4% operating margin, with a 8.4% net margin.

Where do Home Depot's ratios come from?

Every ratio is computed from Home Depot's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Home Depot HD Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	133.1%-0.7pp	133.4%-0.6pp	133.5%-0.5pp	133.6%-0.3pp	133.9%+0.1pp
Operating margin	51.2%-3.2pp	52%-3.1pp	52.8%-3.0pp	53.5%-3.1pp	54.3%-3.2pp
Net margin	34.6%-2.8pp	35.2%-3.0pp	35.9%-3.0pp	36.6%-3.1pp	37.4%-3.0pp
EBITDA margin	59.6%-3.1pp	60.4%-3.0pp	61.1%-2.9pp	61.9%-2.7pp	62.7%-2.5pp
Free cash flow margin	33.3%-8.1pp	34%-9.8pp	36.6%-8.8pp	38.9%-7.2pp	41.3%-4.2pp
Returns
Return on equity	630.8%-972pp	801.9%-1,865pp	1,041.8%-2,402pp	1,283.8%-2,906pp	1,603.2%-4,139pp
Return on assets	56.8%-10.7pp	59.7%-10.6pp	62.8%-10.1pp	65.3%-11.2pp	67.5%-13.3pp
Return on invested capital	89.6%-18.1pp	94.8%-17.5pp	100%-17.0pp	104.1%-19.2pp	107.7%-24.1pp
Efficiency
Asset turnover	6.6×-0.7×	6.8×-0.6×	7×-0.5×	7.1×-0.6×	7.2×-0.8×
Inventory turnover	17.7×-0.4×	18×+0.2×	18.3×+0.9×	18.3×+1.0×	18.1×+1.0×
Liquidity
Current ratio	4.3×-0.2×	4.4×-0.4×	4.4×-0.6×	4.5×-0.7×	4.5×-0.8×
Quick ratio	1.2×0.0×	1.2×-0.2×	1.2×-0.3×	1.2×-0.3×	1.2×-0.3×
Cash ratio	0.2×0.0×	0.2×-0.1×	0.2×-0.2×	0.2×-0.2×	0.2×-0.3×
Leverage
Debt-to-equity	20.9×-22.9×	24.5×-40.7×	29.3×-77.9×	34.9×-98.2×	43.9×-114×
Debt-to-assets	2.4×-0.2×	2.5×-0.2×	2.6×-0.1×	2.6×-0.1×	2.7×-0.1×
Net debt / EBITDA	10.1×-0.2×	10.1×+0.3×	10.1×+0.8×	10.1×+1.3×	10.3×+2.3×
Interest coverage	34.8×-3.2×	35×-5.0×	35.7×-6.3×	36.5×-7.6×	38×-8.6×
Per Share
Book value per share	$49.71+99.1%	$43.79+133%	$37.60+186%	$31.25+257%	$24.97+343%
Valuation
Market capitalization	$1.46T-6.4%	$1.51T-0.7%	$1.52T+1.3%	$1.59T+14.7%	$1.55T+14.9%
Enterprise value	$1.7T-5.7%	$1.76T0.0%	$1.77T+2.6%	$1.84T+14.9%	$1.81T+16.4%
Price / earnings	101.4×-4.4×	104×+1.1×	103.8×+2.5×	108.6×+16.6×	105.7×+18.2×
Price / sales	8.8×-1.1×	9.2×-0.7×	9.3×-0.5×	9.9×+0.8×	9.9×+1.1×
Price / book	119.7×-142×	143.2×-255×	172.9×-529×	217.3×-629×	262.1×-749×
EV / EBITDA	69×-4.4×	70.7×-1.1×	71×+0.3×	74.3×+9.1×	73.3×+11.2×
EV / sales	10.3×-1.2×	10.7×-0.7×	10.9×-0.5×	11.5×+1.0×	11.5×+1.4×
Free cash flow yield	15.3%-1.5pp	14.9%-3.1pp	15.7%-2.9pp	15.7%-4.7pp	16.8%-4.0pp
Earnings yield	15.9%+0.7pp	15.4%-0.3pp	15.4%-0.5pp	14.8%-2.8pp	15.2%-3.2pp
Dividend yield	10.1%+1.0pp	9.6%+0.4pp	9.5%+0.3pp	9%-0.8pp	9.1%-0.7pp

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Questions, answered.

What are Home Depot's profit margins?: Home Depot (HD) runs a 33.1% gross margin and a 12.4% operating margin, with a 8.4% net margin.
Where do Home Depot's ratios come from?: Every ratio is computed from Home Depot's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.