HOME DEPOT, INC. (HD)

The Home Depot, Inc. is the world's largest home improvement retailer based on fiscal 2025 net sales. It sells home improvement products, building materials, lawn and garden products, décor products, and facilities maintenance, repair and operations (MRO) products, in stores and online. It also provides services such as home improvement installation and tool and equipment rental. The company is a Delaware corporation incorporated in 1978, and its Store Support Center (corporate headquarters) is in Atlanta, Georgia.

At the end of fiscal 2025, the company operated 2,359 stores in the U.S. (including Puerto Rico, the U.S. Virgin Islands and Guam), Canada and Mexico. Stores average about 104,000 square feet of enclosed space plus about 24,000 square feet of outside garden area, and typically stock 30,000 to 40,000 items across departments such as Appliances, Building Materials, Electrical, Flooring, Lumber, Paint, Plumbing and Power. The U.S., Canada and Mexico geographic segments are aggregated into one reportable segment, the Primary segment. The company acquired SRS in fiscal 2024, a specialty trade distributor of roofing, landscape and pool supplies, and SRS acquired GMS in fiscal 2025, adding drywall, ceilings, steel framing and related products. SRS, including GMS, operated over 1,250 locations in the U.S. and Canada and is organized into four lines of business (roofing and building products, interior and construction products, landscape, and pool), each an operating segment but not a reportable one. The company also serves MRO customers mainly through its HD Supply subsidiary. Proprietary brands include HDX, Husky, Hampton Bay, Home Decorators Collection, Glacier Bay, Vigoro, Everbilt and Lifeproof.

Home Depot serves two primary customer groups: consumers and Pros. Consumers include do-it-yourself homeowners and do-it-for-me customers who hire Pros for installations in categories such as flooring, water heaters, cabinets, countertops, windows and HVAC systems. Pros include remodelers, general contractors, homebuilders, maintenance professionals, property managers and specialty tradespeople such as electricians, plumbers, roofers, landscapers and pool contractors. They work on residential, multifamily, hospitality and commercial properties, including educational, healthcare, government and office buildings and data centers. Pro-focused offerings include the Pro Xtra loyalty program, dedicated sales forces, trade credit, delivery and digital tools. The company is pursuing an interconnected experience across stores, mobile apps and websites such as homedepot.com, homedepot.ca and homedepot.com.mx, and uses AI tools such as Magic Apron. Sales are seasonal, with the highest volume in the second fiscal quarter.

Home Depot sources products directly from manufacturers worldwide, with sourcing offices in the U.S., Mexico, Canada, India, Vietnam, Taiwan, China and parts of Europe. Its supplier agreements require compliance with responsible sourcing standards and include factory audit rights. Its supply chain includes distribution platforms in the U.S., Canada and Mexico, such as rapid deployment centers, bulk distribution centers and direct fulfillment centers, plus market delivery operations focused on appliances. The company competes in a highly competitive and fragmented industry against other home improvement retailers, hardware stores, building materials and lumber suppliers, MRO and wholesale distributors, online retailers, warehouse clubs and service providers, primarily on customer experience, price, quality, availability and delivery options. In fiscal 2025 it invested $3.7 billion in capital expenditures and returned $9.2 billion to shareholders through dividends.