Home Depot Inc (HD)

Gross profit margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Gross profit (ttm)	US$ in thousands	52,621,000	51,095,000	49,178,000	47,500,000	48,492,000	51,141,000	53,790,000	53,609,000	52,797,000	50,566,000	49,633,000	50,300,000	52,857,000	54,076,000	53,997,000	52,635,000	50,014,000	49,432,000	49,952,000	51,755,000
Revenue (ttm)	US$ in thousands	159,514,000	154,596,000	149,165,000	143,700,000	144,992,000	153,122,000	161,252,000	160,799,000	158,920,000	151,835,000	147,791,000	149,406,000	157,367,000	160,444,000	160,480,000	157,327,000	149,254,000	147,166,000	149,376,000	154,775,000
Gross profit margin		32.99%	33.05%	32.97%	33.05%	33.44%	33.40%	33.36%	33.34%	33.22%	33.30%	33.58%	33.67%	33.59%	33.70%	33.65%	33.46%	33.51%	33.59%	33.44%	33.44%

January 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $52,621,000K ÷ $159,514,000K
= 32.99%

Home Depot Inc's gross profit margin has shown fluctuations over the past few years based on the provided data. The margin stood at 33.44% in January 2022 and experienced minor variations in the subsequent months, reaching a peak of 33.70% in October 2022. However, there was a slight decline in the margin to 33.22% by July 2023, followed by a recovery to 33.44% in January 2024.

In the later periods, the gross profit margin exhibited more variability, dropping to 32.97% in July 2024 and then rebounding to 33.05% by October 2024. The margin decreased further to 32.99% in January 2025. Overall, while there have been fluctuations in Home Depot's gross profit margin, the company has generally been able to maintain a margin above 32% during the analyzed period. It is important for stakeholders to monitor this metric closely as it reflects the profitability of the company's core business operations.