HD Home Depot margins

Relative Growth: Rel. Growth: 42

Relative Strength: Rel. Strength: 27

Relative Valuation: Rel. Valuation: 56

Relative Profitability: Rel. Profitability: 69

Gross margin

33.2%

Operating margin

12.4%

EBITDA margin

15%

Net margin

8.4%

For the latest period, Home Depot has a gross margin of 33.2%, an operating margin of 12.4%, an EBITDA margin of 15%, and a net margin of 8.4%. Each available margin deteriorated from the same period last year. Operating margin recorded the strongest contraction, dropping by 0.7 percentage points.

HD margin history

Gross, operating, EBITDA and net margin trends

Home Depot's margins averaged 33.37% gross, 13.38% operating, 15.73% EBITDA, and 9.21% net during the last 3 years. Currently, all four current margins are below their three-year averages.

HD margin expansion

Year-over-year margin changes in percentage points

All available margins declined year over year, led by operating margin with a decline of 0.7 percentage points.

Gross margin expansion

-0.1pp

Operating margin expansion

-0.7pp

EBITDA margin expansion

-0.5pp

Net margin expansion

-0.5pp

HD Gross margin

Home Depot recorded an average gross margin of 33.37% across the last 3 years. At present, Home Depot's current gross margin is 33.2%, which is 0.2 percentage points below its three-year average. During this period, gross margin reached a high of 33.6% in Jul 2024 and a low of 33.1% in May 2026.

HD Operating margin

In the last 3 years, Home Depot had an average operating margin of 13.38%. Against its three-year average, Home Depot's operating margin is currently 12.4%, 1 percentage points below its three-year average. Looking back over the last 3 years, Home Depot's operating margin reached 14.5% at its highest point in Oct 2023 and 12.4% at its lowest in May 2026.

HD EBITDA margin

Over the last 3 years, Home Depot had an average EBITDA margin of 15.73%. The current EBITDA margin stands at 15%, 0.7 percentage points below its three-year average. Looking back over the last 3 years, Home Depot's EBITDA margin reached 16.6% at its highest point in Oct 2023 and 15% at its lowest in May 2026.

HD Net margin

Over the last 3 years, the average net margin for Home Depot was 9.21%. Home Depot's current net margin is 8.4% and is 0.8 percentage points below its three-year average. Home Depot's net margin ranged from a low of 8.4% in May 2026 to a high of 10.2% in Oct 2023.

HD margin group comparison

Margins compared with peer-group, industry and sector averages

Home Depot's gross margin of 33.2% is below the Consumer Cyclical sector, the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.2%, Home Depot's gross margin is 8% lower.

HD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Home Depot's gross margin?

As of Aug 2, 2026, HD has a gross margin of 33.2%.

What is Home Depot's operating margin?

For the period ending Aug 2, 2026, HD recorded an operating margin of 12.4%.

What is Home Depot's EBITDA margin?

For the period ending Aug 2, 2026, HD recorded an EBITDA margin of 15%.

What is Home Depot's net margin?

For the period ending Aug 2, 2026, HD recorded a net margin of 8.4%.

What are the average margins of HD?

Over the last 3 years, Home Depot's margins averaged 33.4% gross, 13.4% operating, 15.7% EBITDA, and 9.2% net.

What are the highest historical margins of HD?

Home Depot's highest recorded margins during the past 5 years were 33.7% gross in Oct 2021, 15.3% operating in Jan 2023, 17.2% EBITDA in Jan 2023, and 10.9% net in Jan 2023.

What are the lowest historical margins of HD?

In the last 5 years, the lowest margins reported by HD were 33.1% gross in May 2026, 12.4% operating in May 2026, 15% EBITDA in May 2026, and 8.4% net in May 2026.