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Home Depot (HD) Cash Flow Waterfall

Trace Home Depot's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$18B

Capex

-$3.72B

Free Cash Flow

$14.3B

FCF Margin

+79.4%

Cash flow waterfall for Home Depot (HD) — TTM through Q2 2026

Free cash flow: $14.3B

Cash flow breakdown for Home Depot (HD) — TTM through Q2 2026

  • Operating Cash Flow$18B
  • Capital Expenditure-$3.72B
  • Free Cash Flow$14.3B
  • Acquisitions-$5.54B
  • Other Investing$99M
  • Dividends Paid-$9.19B
  • Net Debt Change$304M
  • Other Financing & FX$240M
  • Net Cash Increase$232M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology