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| 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 from 2021 to 2025, Home Depot, Inc. exhibited a generally solid revenue base and healthy profitability, though the trends reveal some volatility in margins. Revenue grew substantially from US$132.1 billion in 2021 to US$151.2 billion in 2022—a growth rate of approximately 14%—and continued to rise modestly to US$157.4 billion in 2023. However, revenue dipped slightly to US$152.7 billion in 2024 before rebounding to US$159.5 billion in 2025. This cyclical movement suggests that while the company continues to command substantial market demand, external factors or operational adjustments may be influencing short‐term revenue fluctuations. Gross profit, operating income, and net income followed similar patterns. Gross profit climbed from US$44.9 billion in 2021 to US$50.8 billion in 2022, further increasing to US$52.8 billion in 2023 before trending lower in 2024 and recovering slightly in 2025. Operating income peaked in 2023 at US$24.0 billion but declined in the subsequent years, with net income also falling from US$17.1 billion in 2023 to US$15.1 billion in 2024 and US$14.8 billion in 2025. While no single year-over-year swing exceeded 20%, the declines in profitability metrics after 2023 could be attributed to rising operational costs or intensified competitive pressures within the home improvement retail industry. Overall, Home Depot’s performance remains robust, supported by consistent revenue inflows and strong market positioning, yet the noted compression in margins warrants close monitoring to ensure sustained financial health and operational efficiency going forward.
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.