Home Depot vs Lowe's
Home Depot reported revenue of $164.7 billion in fiscal 2025, 1.9 times Lowe's $86.3 billion in fiscal 2025. Home Depot's revenue grew 3.2% in its latest year, and Lowe's grew 3.1%. Home Depot had an operating margin of 12.7%, against 11.8% at Lowe's. Free cash flow was $12.6 billion at Home Depot and $7.7 billion at Lowe's. Their fiscal years end in different months (February 1 and January 30), so the periods don't line up exactly.
Side by side
| Home Depot | Lowe's | |
|---|---|---|
| Latest fiscal year | FY2025, Feb 1, 2026 | FY2025, Jan 30, 2026 |
| Revenue | $164.7B | $86.3B |
| Revenue growth | 3.2% | 3.1% |
| Revenue growth a year, last 5 years | 4.5% | −0.8% |
| Gross margin | 33.3% | 33.5% |
| Operating margin | 12.7% | 11.8% |
| Net margin | 8.6% | 7.7% |
| Free cash flow | $12.6B | $7.7B |
| Free cash flow margin | 7.7% | 8.9% |
| Return on capital | 24.9% | 31.9% |
| Net debt to EBITDA | 2.3x | 3.1x |
| Dividends and buybacks | $9.2B | $2.8B |
| Change in diluted share count | 0.2% | −1.4% |
| Last close | $319.38 | $198.22 |
| P/E at the last close | 22.3× | 16.8× |
| Insider trades, last 12 months | sold $6.7 million | bought $231,060, sold $13.2 million |
| Piotroski F-score | 4 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Home DepotLowe's
Operating margin
Percent of revenue
Home DepotLowe's
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Home DepotLowe's
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Home Depot and Lowe's pages.