HD
The Home Depot, Inc.
HD · Consumer Discretionary - Home Improvement Retail
Company brief
HD
HDConsumer Discretionary - Home Improvement Retail$350B

The Home Depot, Inc.

Leading home improvement retailer with omnichannel capabilities, supply chain excellence, and contractor-focused B2B platform

Moat score
8.7/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$309
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-21%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
21.1x

Forward P/E around 21.1x means investors pay about $21.1 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
20.9x

A P/E around 20.9x means investors pay about $20.9 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$14.24
Market Cap
$296.3B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

The business keeps leaning on its massive store network and installation services, but the stock mostly tracks whether growth stays steady enough to justify the current multiple.

Watch signal

Forward P/E around 21.1x stays aligned with mid-single-digit style growth and durable customer demand.

What you own

The Home Depot, Inc. is exposure to consumer discretionary - home improvement retail operating model with high switching costs and 118% net revenue retention.

Base thesis

Massive scale advantage: 2,300+ stores create unmatched distribution density and local market dominance

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

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Investor Snapshot
8.7Moat Score
Net Revenue Retention118%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Massive scale advantage: 2,300+ stores create unmatched distribution density and local market dominance
  • Pro customer stickiness: Contractors depend on reliable supply chains, bulk pricing, and job-site delivery - switching costs are enormous
  • Supply chain moat: Direct vendor relationships, private label brands (40%+ of sales), and logistics network create 200-400 basis points of margin advantage vs competitors
  • Interconnected ecosystem: Store pickup, contractor accounts, credit programs, and delivery create switching friction worth $billions in retention
  • Digital transformation accelerating: $1B+ investment in technology, mobile apps, and omnichannel capabilities defending against Amazon
  • Market share expansion: Taking share from smaller regional players who can't match scale, pricing, or inventory breadth