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HD: Home Depot needs housing and Pro demand proof

HDResearch reportPosted by Goglides ResearchMay 19, 2026
NYSEHDCoverage BootstrapThe Home Depot, Inc.

Thesis summary

Home Depot reported FY2025 revenue of $152.7 billion and operating cash flow of $21.2 billion. The thesis depends on housing turnover, Pro demand, comparable sales, margin discipline and capital allocation.

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Home Depot reported FY2025 revenue of $152.7 billion and operating cash flow of $21.2 billion. The thesis depends on housing turnover, Pro demand, comparable sales, margin discipline and capital allocation.

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