Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $132,110 | $151,157 | $157,403 | $152,669 | $159,514 |
| Gross Profit | $44,853 | $50,832 | $52,778 | $50,960 | $53,308 |
| Operating Income | $18,278 | $23,040 | $24,039 | $21,689 | $21,526 |
| Net Income | $12,866 | $16,433 | $17,105 | $15,143 | $14,806 |
Over the five-year period, Home Depot’s revenue grew significantly from USD 132.1 billion in 2021 to a peak of approximately USD 157.4 billion in 2023, before falling slightly to around USD 152.7 billion in 2024 and recovering modestly to USD 159.5 billion in 2025. Gross profit followed a similar trend, rising from USD 44.9 billion in 2021 to about USD 52.8 billion in 2023, dipping to roughly USD 51.0 billion in 2024, and then increasing modestly to USD 53.3 billion in 2025. These trends indicate that Home Depot experienced strong growth during the early part of this period—particularly from 2021 to 2022, when revenue and gross profit expanded by roughly 14% and 13% respectively—before encountering some headwinds between 2023 and 2024 that likely compressed margins. Operating income and net income displayed notable fluctuations as well. Operating income surged from USD 18.3 billion in 2021 to over USD 24.0 billion in 2023, with a particularly strong year-over-year increase from 2021 to 2022 (exceeding 20%), before declining to about USD 21.7 billion in 2024 and hovering near USD 21.5 billion in 2025. Similarly, net income climbed from USD 12.9 billion in 2021 to a high of USD 17.1 billion in 2023, only to fall to around USD 15.1 billion in 2024 and marginally to USD 14.8 billion by 2025. These swings suggest an initial period of operational improvement, possibly due to increased market demand and effective cost management, followed by pressures possibly related to higher operating costs or competitive adjustments. Overall, despite some contraction in margins after 2023, Home Depot’s solid revenue base, sustained gross profit levels, and relatively robust net income underscore a fundamentally sound financial position within the competitive home improvement sector.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.