The Home Depot (HD) 10-K Summary — Year Ended Feb 2, 2025
The Home Depot operates as a home improvement retailer. The filing reports annual financial results for the most recent period.
Key takeaway
Year ended Feb 2, 2025 · FY2025 10-K
The Home Depot operates as a home improvement retailer. The filing reports annual financial results for the most recent period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$159.5B
Revenue reported for the fiscal year.
Operating income
$21.5B
Income from operations reported for the year.
Net income
$14.8B
Net income reported for the year.
Operating cash flow
$19.8B
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% |
| Feb 2, 2025 | $159.5B | +4.5% |
Business overview
The company is a home improvement retailer, offering a wide range of products and services for do-it-yourself and professional customers. Its operations include stores and digital platforms. The business overview is described in Item 1 of the filing.
Financial performance
Revenue for the reported year increased compared to the prior year. Operating income and net income were reported at levels consistent with the company's scale. Operating cash flow remained substantial.
Material risks
The filing identifies risk factors in Item 1A, including potential impacts from macroeconomic conditions, competition, supply chain disruptions, and changes in consumer spending. These risks could affect the company's operations and financial results.
Liquidity and capital
The company discusses liquidity and capital resources in Item 7, noting that operating cash flow supports its capital allocation activities. No specific capital allocation themes beyond routine operations are highlighted.
What to watch
Monitor any changes in revenue trends or operating margins in the next filing.