TTM
33.1%
YoY change
−0.10pp
Trough year (1985)
26.5%
Peak year (2012)
34.6%
Latest annual
33.3%
Gross Margin history chart for Home Depot (HD) from 1985 to 2025
Latest: 33.3%
Gross Margin change chart for Home Depot (HD) from 1985 to 2025
Latest: −0.10pp
Gross Margin history table for Home Depot (HD) from 1985 to 2025
| 2025 | 33.3% | -0.10pp | ||
| 2024 | 33.4% | +0.04pp | ||
| 2024 | 33.4% | +0.04pp | ||
| 2023 | 33.4% | -0.15pp | ||
| 2023 | 33.4% | -0.15pp | ||
| 2022 | 33.5% | -0.10pp | ||
| 2022 | 33.5% | -0.10pp | ||
| 2021 | 33.6% | -0.32pp | ||
| 2021 | 33.6% | -0.32pp | ||
| 2020 | 34.0% | -0.14pp | ||
| 2019 | 34.1% | -0.26pp | ||
| 2018 | 34.3% | +0.29pp | ||
| 2017 | 34.0% | -0.11pp | ||
| 2016 | 34.2% | -0.03pp | ||
| 2015 | 34.2% | +0.06pp | ||
| 2014 | 34.1% | -0.02pp | ||
| 2013 | 34.2% | -0.42pp | ||
| 2012 | 34.6% | +0.10pp | ||
| 2011 | 34.5% | +0.19pp | ||
| 2010 | 34.3% | +0.40pp | ||
| 2009 | 33.9% | +0.22pp | ||
| 2008 | 33.7% | +0.04pp | ||
| 2007 | 33.6% | +2.01pp | ||
| 2006 | 31.6% | -0.22pp | ||
| 2005 | 31.8% | -1.60pp | ||
| 2004 | 33.4% | +1.67pp | ||
| 2003 | 31.8% | +0.66pp | ||
| 2002 | 31.1% | +0.94pp | ||
| 2001 | 30.2% | +0.24pp | ||
| 2000 | 29.9% | -0.98pp | ||
| 1999 | 30.9% | +1.18pp | ||
| 1998 | 29.7% | +0.47pp | ||
| 1997 | 29.2% | +0.24pp | ||
| 1996 | 29.0% | +0.13pp | ||
| 1995 | 28.9% | -0.10pp | ||
| 1994 | 29.0% | +0.37pp | ||
| 1993 | 28.6% | +0.09pp | ||
| 1992 | 28.5% | -0.62pp | ||
| 1991 | 29.1% | +0.34pp | ||
| 1990 | 28.8% | +0.24pp | ||
| 1989 | 28.6% | +0.84pp | ||
| 1988 | 27.7% | -0.78pp | ||
| 1987 | 28.5% | +0.23pp | ||
| 1986 | 28.3% | +1.76pp | ||
| 1985 | 26.5% | — |
- 202533.3%-0.10pp
- 202433.4%+0.04pp
- 202433.4%+0.04pp
- 202333.4%-0.15pp
- 202333.4%-0.15pp
- 202233.5%-0.10pp
- 202233.5%-0.10pp
- 202133.6%-0.32pp
- 202133.6%-0.32pp
- 202034.0%-0.14pp
- 201934.1%-0.26pp
- 201834.3%+0.29pp
- 201734.0%-0.11pp
- 201634.2%-0.03pp
- 201534.2%+0.06pp
- 201434.1%-0.02pp
- 201334.2%-0.42pp
- 201234.6%+0.10pp
- 201134.5%+0.19pp
- 201034.3%+0.40pp
- 200933.9%+0.22pp
- 200833.7%+0.04pp
- 200733.6%+2.01pp
- 200631.6%-0.22pp
- 200531.8%-1.60pp
- 200433.4%+1.67pp
- 200331.8%+0.66pp
- 200231.1%+0.94pp
- 200130.2%+0.24pp
- 200029.9%-0.98pp
- 199930.9%+1.18pp
- 199829.7%+0.47pp
- 199729.2%+0.24pp
- 199629.0%+0.13pp
- 199528.9%-0.10pp
- 199429.0%+0.37pp
- 199328.6%+0.09pp
- 199228.5%-0.62pp
- 199129.1%+0.34pp
- 199028.8%+0.24pp
- 198928.6%+0.84pp
- 198827.7%-0.78pp
- 198728.5%+0.23pp
- 198628.3%+1.76pp
- 198526.5%—
Gross Margin values are taken from Home Depot's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Home Depot (HD)
According to Home Depot's latest reported financial statements, the company's latest reported gross margin is 33.1%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Home Depot (HD) most recent annual gross margin stands at 33.32% (2025) – contracted 0.1 percentage points year-over-year.
2012 marks the peak gross margin at 34.57%, with the historical low of 26.52% recorded in 1985.
Home Depot Gross Margin by Year
Home Depot Gross Margin 2025: 33.3%
2025's gross margin for Home Depot came in at 33.32%, contracted 0.1 percentage points from 2024.
Home Depot Gross Margin 2024: 33.4%
Home Depot posted gross margin of 33.42% in 2024, expanded 0.0 percentage points from 2024.
Home Depot Gross Margin 2024: 33.4%
Home Depot posted gross margin of 33.42% in 2024, expanded 0.0 percentage points from 2023.
Home Depot Gross Margin 2023: 33.4%
In 2023, Home Depot reported gross margin of 33.38%, expanded 0.0 percentage points from 2023.
Home Depot Gross Margin 2023: 33.4%
Home Depot gross margin in 2023 was 33.38%.
See more financial history for Home Depot (HD).
Sector peers by Gross Margin
Consumer Cyclical peers of Home Depot (HD), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.8% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 31.4%
- 19.1%
Frequently asked questions
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