{ "schemaVersion": 1, "organisationId": "O-925c50111afa455bafdfdf62170aaea7", "slug": "home-depot", "name": "HOME DEPOT, INC.", "updatedAt": "2026-03-18T22:31:29.312022Z", "sections": [ { "type": "OVERVIEW", "text": "The Home Depot, Inc. is a home improvement retailer focused on products, services, and expertise for do-it-yourself customers and professional contractors. The company sells building materials, home improvement products, lawn and garden products, décor products, and maintenance, repair, and operations products, and it also provides installation services as well as tool and equipment rental. Founded in 1978 in Atlanta, Georgia, it has grown into the world’s largest home improvement retailer based on fiscal 2023 net sales.[P-4292f25f30924e4dab7aac0455a03365][https://corporate.homedepot.com/page/home-where-our-story-begins]\n\nHome Depot’s operations are centered in North America, with stores, distribution and fulfillment centers, and e-commerce websites serving the United States, Canada, and Mexico.[P-4292f25f30924e4dab7aac0455a03365] Its stated strategic goals are to provide the best customer experience in home improvement, extend its position as the low-cost provider in home improvement, and be the most efficient investor of capital in home improvement.[P-18cc65b20b2d4598999533fa1c949276][P-79f9231fa93a498abd343e60d3fff912][P-d4af99181b11479f8b3756e255fda434] As of fiscal 2023, the company generated $152.7 billion in net sales, employed about 463,100 associates, and operated 2,335 stores across its markets, underscoring its scale in the retail sector.[T-c6b05bc629604b999991116ef55f5adf][T-c116a5dbb66b4667ab636a8144b90aa9][P-07bc93a2534546e89ba21d4af6fb0a7b]\n[P-4292f25f30924e4dab7aac0455a03365][P-18cc65b20b2d4598999533fa1c949276][P-79f9231fa93a498abd343e60d3fff912][P-d4af99181b11479f8b3756e255fda434][T-c6b05bc629604b999991116ef55f5adf][T-c116a5dbb66b4667ab636a8144b90aa9][P-07bc93a2534546e89ba21d4af6fb0a7b][https://corporate.homedepot.com/page/home-where-our-story-begins]", "updatedAt": "2026-03-18T22:31:29.312022Z" }, { "type": "PRODUCTS", "text": "Home Depot’s product assortment centers on home-improvement merchandise such as building materials, lawn and garden products, décor products, and facilities maintenance, repair and operations products. A typical store stocks about 30,000 to 40,000 items, and the company extends that assortment online through sites including hdsupply.com for MRO products and related services, blinds.com, justblinds.com and americanblinds.com for custom window coverings, and thecompanystore.com for textiles and décor products.[P-4292f25f30924e4dab7aac0455a03365][P-a28ef0b8626e4182a4a3db53f7176b10] Its merchandising departments include appliances, building materials, décor/storage, electrical/lighting, flooring, hardware, indoor garden, kitchen and bath, lumber, millwork, outdoor garden, paint, plumbing, and tools.[P-da3384840e7e46fdbfefec2d3261b428][T-31935f80df7c42b7afe87a2efa8e4ec9]\n\nIts service offering includes home-improvement installation work in flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows; these services can be purchased in stores, online, or through in-home consultations.[P-3cb20b30630b4be686da40b763bb69d1] The company also offers tool and equipment rental; its rental program advertises tools, trucks and large equipment for jobsite and home-improvement use.[P-4292f25f30924e4dab7aac0455a03365][https://homedepot.com/c/tool-and-equipment-rental] Through HD Supply, Home Depot also provides MRO products and related value-added services using a professional sales force, e-commerce platforms, and print catalogs.[P-1df637efd5094e11a6829f4362fa379d]\n\nIn fiscal 2023, products accounted for $146.8 billion of net sales and services accounted for $5.8 billion, or about 96.2% and 3.8% of total net sales, respectively.[P-e60d2aeb1652419d939075e426a868da][T-e6c05d4d43094c99886c8eb18bc8df0c] By department, the largest fiscal 2023 categories were Indoor Garden at 9.7% of net sales, Appliances at 9.1%, Electrical/Lighting and Plumbing at 8.2% each, Tools at 8.0%, Building Materials at 7.8%, and Lumber at 7.7%.[P-da3384840e7e46fdbfefec2d3261b428][T-31935f80df7c42b7afe87a2efa8e4ec9]\n[P-4292f25f30924e4dab7aac0455a03365][P-a28ef0b8626e4182a4a3db53f7176b10][P-da3384840e7e46fdbfefec2d3261b428][T-31935f80df7c42b7afe87a2efa8e4ec9][P-3cb20b30630b4be686da40b763bb69d1][P-1df637efd5094e11a6829f4362fa379d][P-e60d2aeb1652419d939075e426a868da][T-e6c05d4d43094c99886c8eb18bc8df0c][https://homedepot.com/c/tool-and-equipment-rental]", "updatedAt": "2026-03-18T22:31:29.312022Z" }, { "type": "GEOGRAPHY", "text": "Home Depot aggregates its geographic operating segments into one reportable segment, but its retail footprint is concentrated in the United States, Canada, and Mexico. As of the end of fiscal 2024, it operated 2,347 stores: 2,025 in the U.S. (including Puerto Rico, Guam, and the U.S. Virgin Islands), 182 in Canada, and 140 in Mexico. [P-7e5df303420c4dbda4bfcf2490e31a80][P-13ab00b7072941e99df16d321a2676b7][P-ac4ec111494443ff8f942ac17b3a0827][T-e3f33e3582ca47b6b1a7b966f1069897][T-edef581f6ca44dafa83a72e4d547e17f] The company also operated over 500 distribution and fulfillment centers and warehouses at fiscal 2024 year-end, and its corporate headquarters is located in Atlanta, Georgia. [P-10934774016b41049b86c03e5bf0a934][P-9302da700c25406289e6eac5747b406c]\n\nHome Depot’s geographic sales disclosure is reported as U.S. versus outside the U.S. In fiscal 2024, it generated $147.0 billion of net sales in the U.S., or about 92.2% of total net sales, and $12.5 billion outside the U.S., or about 7.8%. [P-2124f99612684a4999a3b8d210991345][T-0469f829d8d44fbaae29248f70a71de0] Its net property and equipment was similarly concentrated in the U.S., at $24.2 billion versus $2.5 billion outside the U.S. as of February 2, 2025. [P-03d647d9fc264c9e96b6498f7be3af2c][T-15bbe4c373d04c5894e0ff00882f210f]\n\nThe workforce is also predominantly U.S.-based. At the end of fiscal 2024, Home Depot employed about 470,100 associates, including 419,600 in the U.S. (89.3%), 32,000 in Canada (6.8%), 18,200 in Mexico (3.9%), and 300 in other locations. [P-7ecd0d42ca87465187af2cdd2ef43041][T-3edc1dfa799f493fbacb37302a8d69d3] Beyond its store markets, the company said it maintained sourcing offices in Mexico, Canada, China, India, Vietnam, Taiwan, and Europe, in addition to its U.S. sourcing operations. [P-5b3a48a08ebd4e74bb50f2823a8e5cd6]\n[P-7e5df303420c4dbda4bfcf2490e31a80][P-13ab00b7072941e99df16d321a2676b7][P-ac4ec111494443ff8f942ac17b3a0827][T-e3f33e3582ca47b6b1a7b966f1069897][T-edef581f6ca44dafa83a72e4d547e17f][P-10934774016b41049b86c03e5bf0a934][P-9302da700c25406289e6eac5747b406c][P-2124f99612684a4999a3b8d210991345][T-0469f829d8d44fbaae29248f70a71de0][P-03d647d9fc264c9e96b6498f7be3af2c][T-15bbe4c373d04c5894e0ff00882f210f][P-7ecd0d42ca87465187af2cdd2ef43041][T-3edc1dfa799f493fbacb37302a8d69d3][P-5b3a48a08ebd4e74bb50f2823a8e5cd6]", "updatedAt": "2026-03-18T22:31:29.312022Z" }, { "type": "SEGMENTS", "text": "Home Depot officially reports one reportable segment. The company says its retail operations in the U.S., Canada, and Mexico are separate operating segments for internal review, but it aggregates them into a single reportable segment because of their similar operations and economic characteristics; effectively, 100% of consolidated segment results are reported in that one segment.[P-a77ed97837e940cc925a1c55d344148e] As a geographic sales disclosure, fiscal 2023 net sales were $140.1 billion in the U.S. and $12.6 billion outside the U.S., or about 91.8% and 8.2% of total net sales, respectively.[T-489214b71c664362b2de893c3c80d078]\n\nHome Depot also discloses sales by major product line, which provides the most useful breakdown of business mix even though these are not reportable segments. In fiscal 2023, Building Materials represented $57.0 billion, or 37.4% of net sales, and encompasses Building Materials, Lumber, and Millwork.[P-babb3e35d2f44734ba4961e2856b9aa9][T-ecbf11672d85459cbc9bf00c3a6a7ad5][T-31935f80df7c42b7afe87a2efa8e4ec9] Décor represented $50.3 billion, or 32.9%, and includes Appliances, Décor/Storage, Electrical/Lighting, Flooring, Kitchen and Bath, and Paint.[P-babb3e35d2f44734ba4961e2856b9aa9][T-ecbf11672d85459cbc9bf00c3a6a7ad5][T-31935f80df7c42b7afe87a2efa8e4ec9] Hardlines represented $45.3 billion, or 29.7%, and includes Hardware, Indoor Garden, Outdoor Garden, Plumbing, and Tools.[P-babb3e35d2f44734ba4961e2856b9aa9][T-ecbf11672d85459cbc9bf00c3a6a7ad5][T-31935f80df7c42b7afe87a2efa8e4ec9]\n\nAt the merchandising-department level, the largest individual categories in fiscal 2023 were Indoor Garden at 9.7% of net sales, Appliances at 9.1%, Electrical/Lighting and Plumbing at 8.2% each, and Tools at 8.0%, with the remaining departments each contributing between 3.9% and 7.8%.[T-31935f80df7c42b7afe87a2efa8e4ec9]\n[P-a77ed97837e940cc925a1c55d344148e][T-489214b71c664362b2de893c3c80d078][P-babb3e35d2f44734ba4961e2856b9aa9][T-ecbf11672d85459cbc9bf00c3a6a7ad5][T-31935f80df7c42b7afe87a2efa8e4ec9]", "updatedAt": "2026-03-18T22:31:29.312022Z" }, { "type": "HISTORY", "text": "The Home Depot’s origins date to 1978, when Bernie Marcus and Arthur Blank, working with investment banker Ken Langone, developed the concept for a large-format home improvement retailer; the company was incorporated in Delaware on June 29, 1978. Its first two stores opened in Atlanta on June 22, 1979, and by the end of that year the business had grown to three stores. Home Depot went public in 1981, the same year it expanded into Florida, marking the start of its growth beyond Georgia.[https://corporate.homedepot.com/about/history][P-d24d34d61a2b4d0a8faf3394179d989c][https://corporate.homedepot.com/sites/default/files/THD%20Timeline.pdf]\n\nDuring the 1980s, Home Depot expanded nationally, opening its first California store in 1985, increasing its focus on professional customers in 1986, joining the S&P 500 in 1988, and opening its 100th store in 1989. By 1990, it had become the largest home improvement retailer, and in 1991 it added the EXPO Design Center format. In 2000, the company launched HomeDepot.com, extending the business into e-commerce, and in 2001 it entered Mexico through the acquisition of Total Home.[https://corporate.homedepot.com/sites/default/files/THD%20Timeline.pdf][https://corporate.homedepot.com/about/history][https://corporate.homedepot.com/news/company/home-depot-mexico-celebrates-20-years-growth-and-success]\n\nMore recently, Home Depot’s leadership passed from longtime chief executive Frank Blake to Craig Menear in 2014, and then to Ted Decker in 2022. The company also made a major acquisition in 2020 when it completed the purchase of HD Supply, broadening its capabilities with maintenance, repair and operations customers.[https://corporate.homedepot.com/news/company/meet-our-new-ceo-craig-menear][https://corporate.homedepot.com/news/leadership/home-depot-names-ted-decker-ceo-effective-march-1-2022-craig-menear-continues-chair][https://corporate.homedepot.com/news/company/home-depot-completes-acquisition-hd-supply]\n[P-d24d34d61a2b4d0a8faf3394179d989c][https://corporate.homedepot.com/about/history][https://corporate.homedepot.com/sites/default/files/THD%20Timeline.pdf][https://corporate.homedepot.com/news/company/home-depot-mexico-celebrates-20-years-growth-and-success][https://corporate.homedepot.com/news/company/meet-our-new-ceo-craig-menear][https://corporate.homedepot.com/news/leadership/home-depot-names-ted-decker-ceo-effective-march-1-2022-craig-menear-continues-chair][https://corporate.homedepot.com/news/company/home-depot-completes-acquisition-hd-supply]", "updatedAt": "2026-03-18T22:31:29.312022Z" } ], "sources": [ { "id": "P-4292f25f30924e4dab7aac0455a03365", "href": 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