The Home Depot, Inc. is the world's largest home improvement retailer based on net sales for fiscal 2025. The company offers a broad assortment of home improvement products, building materials, lawn and garden items, décor products and facilities maintenance repair and operations goods through its retail stores and electronic commerce channels. It also provides services such as home improvement installation and tool and equipment rentals. As of the end of fiscal 2025, the company operated 2,359 stores located in the United States (including Puerto Rico, the U. S. Virgin Islands and Guam), Canada and Mexico, with an average enclosed size of about 104,000 square feet and an additional outdoor garden area of roughly 24,000 square feet. The Home Depot, Inc. maintains a network of distribution and fulfillment centers that support its store replenishment and direct to customer delivery capabilities. Following the acquisition of SRS in fiscal 2024 and the subsequent purchase of GMS by SRS in fiscal 2025, the company added a wholesale distribution platform that serves professional contractors with roofing, interior building, landscape and pool supplies. The Home Depot, Inc. also operates HD Supply, a division that supplies maintenance repair and operations products and related services to institutional and commercial customers.

The Home Depot, Inc. generates revenue primarily from the sale of merchandise such as appliances, bath fixtures, building materials, electrical supplies, flooring, hardware, indoor garden products, kitchen and blinds items, lighting, lumber, millwork, outdoor garden products, paint, plumbing supplies, power tools and storage and organization goods. In addition, the company earns income from services including installation of flooring, water heaters, baths, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces, central air systems, windows and window coverings, as well as tool and equipment rentals at many store locations. Revenue is also derived from its specialty distribution businesses, which sell roofing and building materials, interior construction products, landscape supplies and pool supplies to professional contractors, and from its MRO division that provides maintenance repair and operations products and related services to multifamily, hospitality, healthcare and government facilities. The company serves two main customer groups: do it yourself consumers, professionals who install products for homeowners, and professional trade contractors known as Pros. Sales are generated through both physical store visits and online transactions, with a significant portion of electronic commerce orders fulfilled from store inventory.

The company operates through the following segments: Roofing and Building Products, Interior and Construction Products, Landscape, Pool.

• The Roofing and Building Products segment distributes residential and commercial roofing materials such as shingles, underlayment, flashing and related accessories, along with complementary building products like siding, sheathing and insulation to professional roofers and contractors.

• The Interior and Construction Products segment supplies drywall, gypsum board, ceiling tiles, steel framing studs, joint compound and other interior finish materials to contractors engaged in residential and commercial construction projects.

• The Landscape segment provides soil, mulch, fertilizer, plants, edging, irrigation components and hardscape materials to landscapers, groundskeepers and outdoor service professionals.

• The Pool distributes swimming pool chemicals, filters, pumps, liners, covers and equipment to pool construction, maintenance and service companies.

The Home Depot, Inc. holds a leading position in the highly fragmented home improvement industry as the largest retailer by sales. Its main competitors include Lowe's Companies, Inc., regional hardware chains, independent lumberyards and numerous online retailers. The company's competitive advantages stem from its strong brand recognition, extensive store network, deep product assortment, knowledgeable staff, scale economies, prime real estate holdings, integrated digital platforms and a robust supply chain that enables fast and reliable delivery. Additionally, its longstanding relationships with professional contractors and its loyalty programs enhance its appeal to the Pro customer segment. The firm continues to invest in technology, store formats and service offerings to maintain its advantage over both traditional brick and mortar rivals and emerging digital entrants.

The Home Depot, Inc. serves two primary customer groups: do it yourself consumers, which include homeowners undertaking projects themselves and those who hire professionals for installation, and professional trade contractors referred to as Pros, encompassing remodelers, general contractors, homebuilders, maintenance personnel, property managers and specialty trades such as electricians, plumbers, landscapers, painters and roofers. The company also supports maintenance repair and operations customers through its HD Supply division, providing products and services to multifamily housing, hospitality venues, healthcare facilities and government institutions. While specific customer names are not disclosed in the filing, the described segments illustrate the breadth of the company's market reach. The firm tailors its merchandise assortment, service levels and loyalty programs to meet the distinct needs of each group, aiming to increase basket size and purchase frequency across both consumer and professional channels.