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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Home Depot (HD) Operating Margin (2016 - 2026)

Home Depot (HD) has disclosed Operating Margin for 17 consecutive years, with 12.94% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin fell 53.0% year-over-year to 12.94%, compared with a TTM value of 12.96% through Nov 2025, down 74.0%, and an annual FY2025 reading of 13.49%, down 71.0% over the prior year.
  • Operating Margin was 12.94% for Q4 2025 at Home Depot, down from 14.48% in the prior quarter.
  • Across five years, Operating Margin topped out at 16.46% in Q3 2022 and bottomed at 11.32% in Q1 2025.
  • Average Operating Margin over 5 years is 14.25%, with a median of 14.41% recorded in 2025.
  • The sharpest move saw Operating Margin soared 382bps in 2021, then plummeted -148bps in 2023.
  • Year by year, Operating Margin stood at 15.74% in 2021, then rose by 0bps to 15.82% in 2022, then dropped by -9bps to 14.34% in 2023, then dropped by -6bps to 13.47% in 2024, then fell by -4bps to 12.94% in 2025.
  • Business Quant data shows Operating Margin for HD at 12.94% in Q4 2025, 14.48% in Q3 2025, and 12.88% in Q2 2025.