Ford vs Home Depot
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The short version
- Ford is the larger business, with $187.3B of revenue in fiscal 2025 against $164.7B for Home Depot.
- Home Depot grew revenue faster (3.2%, against 1.2%).
- Home Depot kept more of each dollar of sales as operating profit (12.7% operating margin, against −4.9%).
- Home Depot turned more of its sales into free cash flow (7.7% FCF margin, against 6.7%).
| Latest fiscal year | F · FY25 | HD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $47.2B | $318.6B |
| Revenue | $187.3B | $164.7B |
| Free cash flow | $12.5B | $12.6B |
| Net income | −$8.2B | $14.2B |
| Growth | ||
| Revenue growth | 1.2% | 3.2% |
| 5-year growth | 8.1% | 4.5% |
| Share count change | −1.0% | 0.2% |
| Profitability | ||
| Gross margin | 6.8% | 33.3% |
| Operating margin | −4.9% | 12.7% |
| Net margin | −4.4% | 8.6% |
| FCF margin | 6.7% | 7.7% |
| Return on capital | — | 24.9% |
| Return on equity | −20.2% | 145.5% |
| Balance sheet | ||
| Net debt | — | $55.4B |
| Net debt / EBITDA | — | 2.3x |
| Dividends and buybacks | $3.0B | $9.2B |
| Valuation & quality | ||
| P/E | — | 22.4x |
| Piotroski F-score | — | 4 |
Revenue
FY16
F $151.8B
HD $94.6B
FY17
F $156.8B
HD $100.9B
FY18
F $160.3B
HD $108.2B
FY19
F $155.9B
HD $110.2B
FY20
F $127.1B
HD $132.1B
FY21
F $136.3B
HD $151.2B
FY22
F $158.1B
HD $157.4B
FY23
F $176.2B
HD $152.7B
FY24
F $185.0B
HD $159.5B
FY25
F $187.3B
HD $164.7B
F
HD
Operating margin
FY16
F —
HD 14.2%
FY17
F 3.1%
HD 14.6%
FY18
F 2.0%
HD 14.4%
FY19
F 0.4%
HD 14.4%
FY20
F −3.5%
HD 13.8%
FY21
F 3.3%
HD 15.2%
FY22
F 4.0%
HD 15.3%
FY23
F 3.1%
HD 14.2%
FY24
F 2.8%
HD 13.5%
FY25
F −4.9%
HD 12.7%
F
HD
Free cash flow
FY16
F $12.9B
HD $8.2B
FY17
F $11.0B
HD $10.1B
FY18
F $7.2B
HD $10.7B
FY19
F $10.0B
HD $11.0B
FY20
F $18.5B
HD $16.4B
FY21
F $9.6B
HD $14.0B
FY22
F −$13.0M
HD $11.5B
FY23
F $6.7B
HD $17.9B
FY24
F $6.7B
HD $16.3B
FY25
F $12.5B
HD $12.6B
F
HD
Return on capital
FY16
F —
HD 33.7%
FY17
F —
HD 36.8%
FY18
F —
HD 47.1%
FY19
F —
HD 46.6%
FY20
F —
HD 46.7%
FY21
F —
HD 50.1%
FY22
F —
HD 45.8%
FY23
F —
HD 38.4%
FY24
F —
HD 32.1%
FY25
F —
HD 24.9%
F
HD
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.