General Motors vs Home Depot
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The short version
- General Motors is the larger business, with $185.0B of revenue in fiscal 2025 against $164.7B for Home Depot.
- Home Depot grew revenue faster (3.2%, against −1.3%).
- Home Depot kept more of each dollar of sales as operating profit (12.7% operating margin, against 1.6%).
- General Motors turned more of its sales into free cash flow (9.5% FCF margin, against 7.7%).
- Home Depot earned a higher return on the capital invested in it (24.9%, against 1.5%).
- Investors pay more for each dollar of Home Depot’s earnings: a P/E of 22.4x against 16.5x for General Motors.
| Latest fiscal year | GM · FY25 | HD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $67.3B | $318.6B |
| Revenue | $185.0B | $164.7B |
| Free cash flow | $17.6B | $12.6B |
| Net income | $2.7B | $14.2B |
| Growth | ||
| Revenue growth | −1.3% | 3.2% |
| 5-year growth | 8.6% | 4.5% |
| Share count change | −13.8% | 0.2% |
| Profitability | ||
| Gross margin | — | 33.3% |
| Operating margin | 1.6% | 12.7% |
| Net margin | 1.5% | 8.6% |
| FCF margin | 9.5% | 7.7% |
| Return on capital | 1.5% | 24.9% |
| Return on equity | 4.3% | 145.5% |
| Balance sheet | ||
| Net debt | $103.9B | $55.4B |
| Net debt / EBITDA | 7.0x | 2.3x |
| Dividends and buybacks | $6.7B | $9.2B |
| Valuation & quality | ||
| P/E | 16.5x | 22.4x |
| Piotroski F-score | 6 | 4 |
Revenue
FY16
GM $149.2B
HD $94.6B
FY17
GM $145.6B
HD $100.9B
FY18
GM $147.0B
HD $108.2B
FY19
GM $137.2B
HD $110.2B
FY20
GM $122.5B
HD $132.1B
FY21
GM $127.0B
HD $151.2B
FY22
GM $156.7B
HD $157.4B
FY23
GM $171.8B
HD $152.7B
FY24
GM $187.4B
HD $159.5B
FY25
GM $185.0B
HD $164.7B
GM
HD
Operating margin
FY16
GM 5.8%
HD 14.2%
FY17
GM 6.0%
HD 14.6%
FY18
GM 3.0%
HD 14.4%
FY19
GM 4.0%
HD 14.4%
FY20
GM 5.4%
HD 13.8%
FY21
GM 7.3%
HD 15.2%
FY22
GM 6.6%
HD 15.3%
FY23
GM 5.4%
HD 14.2%
FY24
GM 6.8%
HD 13.5%
FY25
GM 1.6%
HD 12.7%
GM
HD
Free cash flow
FY16
GM $8.2B
HD $8.2B
FY17
GM $8.9B
HD $10.1B
FY18
GM $6.5B
HD $10.7B
FY19
GM $7.4B
HD $11.0B
FY20
GM $11.4B
HD $16.4B
FY21
GM $7.7B
HD $14.0B
FY22
GM $6.8B
HD $11.5B
FY23
GM $10.0B
HD $17.9B
FY24
GM $9.3B
HD $16.3B
FY25
GM $17.6B
HD $12.6B
GM
HD
Return on capital
FY16
GM 7.2%
HD 33.7%
FY17
GM 4.1%
HD 36.8%
FY18
GM 3.7%
HD 47.1%
FY19
GM 4.0%
HD 46.6%
FY20
GM 4.0%
HD 46.7%
FY21
GM 5.3%
HD 50.1%
FY22
GM 5.7%
HD 45.8%
FY23
GM 5.5%
HD 38.4%
FY24
GM 5.3%
HD 32.1%
FY25
GM 1.5%
HD 24.9%
GM
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.