The Home Depot (HD) 10-K Summary — Year Ended Jan 28, 2024
This 10-K filing provides a comprehensive overview of The Home Depot's business, financial performance, and risks for the fiscal year. It highlights a revenue decrease from the prior year while maintaining strong profitability and cash flow.
Key takeaway
Year ended Jan 28, 2024 · FY2025 10-K
This 10-K filing provides a comprehensive overview of The Home Depot's business, financial performance, and risks for the fiscal year. It highlights a revenue decrease from the prior year while maintaining strong profitability and cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$152.7B
Revenue reported for the fiscal year.
Operating income
$21.7B
Income from operations reported for the year.
Net income
$15.1B
Net income reported for the year.
Operating cash flow
$21.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 30, 2022 | $151.2B | n/a |
| Jan 29, 2023 | $157.4B | +4.1% |
| Jan 28, 2024 | $152.7B | -3.0% |
Business overview
The Home Depot is a home improvement retailer, serving both do-it-yourself and professional customers. The company operates a large network of stores and an e-commerce platform. Its business section details its operations and strategy.
Financial performance
Revenue declined compared to the previous year, following an increase the year before. Operating income and net income remained at substantial levels. Operating cash flow was robust, supporting the company's financial stability.
Material risks
The filing discusses various risks that could affect the business, including changes in consumer demand and economic conditions. Competition and supply chain disruptions are also noted as potential challenges. The Risk Factors section provides detailed information on these uncertainties.
Liquidity and capital
The company's liquidity and capital resources discussion outlines its cash generation and allocation, including investments in the business and shareholder returns.
What to watch
Investors should watch for any changes in revenue trends in the next filing.