Home Depot (HD)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $284.7B, Home Depot's free cash flow of $12.6B (fiscal 2026) would need to grow about 7% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Home Depot's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from HD's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Home Depot's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $151.2B | $157.4B | $152.7B | $159.5B | $164.7B |
| Net income | $16.4B | $17.1B | $15.1B | $14.8B | $14.2B |
| Free cash flow | $14.0B | $11.5B | $17.9B | $16.3B | $12.6B |
| EPS (diluted) | $15.53 | $16.69 | $15.11 | $14.91 | $14.23 |
| Operating margin | 15.2% | 15.3% | 14.2% | 13.5% | 12.7% |
Where the revenue comes from
Revenue by segments, fiscal 2026.
Superinvestors who own HD
From each investor's latest 13F filing (what a 13F shows). 15 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Stephen Mandel Lone Pine Capital |
New position | $918M | 5.6% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $514M | 0.18% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $456M | 0.38% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Added | $325M | 2.5% | Q2 2026 |
| Andreas Halvorsen Viking Global Investors |
Added | $325M | 0.93% | Q2 2026 |
| Bill Smead Smead Capital Management |
Trimmed | $102M | 2.2% | Q2 2026 |
| Sean Stannard-Stockton Ensemble Capital Management |
Trimmed | $98M | 8.3% | Q3 2024 |
| Ron Baron Baron Capital (BAMCO) |
Added | $58M | 0.09% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $39M | 0.09% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Added | $19M | 0.03% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $13M | 0.11% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Added | $12M | 0.82% | Q2 2026 |
Insider buying
Open-market purchases by Home Depot's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 26, 2026 | Lloyd Doggett |
0 | $328.30 | — |
| Mar 26, 2026 | Lloyd Doggett |
0 | $328.30 | — |
| Mar 19, 2026 | Richard Mccormick |
0 | $328.32 | — |
| Mar 19, 2026 | Richard Mccormick |
0 | $328.32 | — |
| Mar 12, 2026 | David Taylor |
0 | $338.88 | — |
| Mar 12, 2026 | David Taylor |
0 | $338.88 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $384.66 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $384.66 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $382.83 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $382.83 | — |
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In the full deep dive
Questions
What growth does Home Depot's stock price imply?
At a market value of $284.7B, Home Depot would need its free cash flow to grow about 7% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 5% a year.
Are Home Depot insiders buying the stock?
10 open-market insider purchases of HD in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Home Depot?
15 of the superinvestors Investingly tracks hold HD in their latest 13F, including Stephen Mandel, Cliff Asness, Hersh Cohen.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.