Home Depot (HD) Return on Invested Capital [ROIC] (2009 - 2026)
Home Depot (HD) reported Return on Invested Capital [ROIC] of 23.31% for fiscal Q2 2027 (quarter ended Aug 2, 2026), down 3.33 percentage points from 26.64% a year earlier but up 0.12 percentage points from the prior quarter.
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Analysis
Home Depot (HD) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended Feb 1, 2026), Home Depot posted Return on Invested Capital [ROIC] of 24.72%, down 6.51 percentage points from FY2025.
- Return on Invested Capital [ROIC] has declined for four consecutive fiscal years, with a five-year change of -15.48 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Invested Capital [ROIC] came in at 31.23% in FY2025 (-5.44 pp), 36.67% in FY2024 (-7.34 pp), 44.00% in FY2023 (-0.13 pp) and 44.14% in FY2022 (+3.93 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 23.18% in fiscal Q1 2027 and a high of 44.78% in fiscal Q1 2023.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last 16 quarters, with an average year-over-year change of -6.08 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q4 2022 (a gain of 8.54 percentage points); the low point was fiscal Q3 2025 (a drop of 12.47 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 23.18% (Q1 2027), 23.26% (Q4 2026) and 24.96% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,979.57 Bn | 2,476.24 Bn | 107.37 Bn | 10.13% |
| 2 | Home Depot | 350.34 Bn | 343.58 Bn | 16.12 Bn | 23.31% |
| 3 | Tjx Companies | 150.76 Bn | 128.31 Bn | 5.07 Bn | 44.55% |
| 4 | Lowes Companies | 130.11 Bn | 123.07 Bn | 8.58 Bn | 26.54% |
| 5 | Carvana | 80.38 Bn | 71.27 Bn | 1.52 Bn | 0.00% |
| 6 | Ross Stores | 76.38 Bn | 59.31 Bn | 2.12 Bn | 33.92% |
| 7 | Target | 73.52 Bn | 68.11 Bn | 8.94 Bn | 14.40% |
| 8 | O Reilly Automotive | 71.92 Bn | 71.02 Bn | 2.68 Bn | 53.89% |
| 9 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 45.70% |
| 10 | JD.com | 34.34 Bn | -76.55 Bn | 8.74 Bn | 0.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 23.31% |
| May 3, 2026 | 23.18% |
| Feb 1, 2026 | 23.26% |
| Nov 2, 2025 | 24.96% |
| Aug 3, 2025 | 26.64% |
| May 4, 2025 | 27.23% |
| Feb 2, 2025 | 27.28% |
| Oct 27, 2024 | 26.73% |
| Jul 28, 2024 | 30.83% |
| Apr 28, 2024 | 36.10% |
| Jan 28, 2024 | 37.25% |
| Oct 29, 2023 | 39.20% |
| Jul 30, 2023 | 40.70% |
| Apr 30, 2023 | 41.18% |
| Jan 29, 2023 | 41.10% |
| Oct 30, 2022 | 42.58% |
| Jul 31, 2022 | 44.20% |
| May 1, 2022 | 44.78% |
| Jan 30, 2022 | 44.34% |
| Oct 31, 2021 | 43.18% |
API Access
Home Depot Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "HD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();