Home Depot Inc (HD)
Net profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,143,000 | 17,105,000 | 16,433,000 | 12,866,000 | 11,242,000 |
| Revenue | US$ in thousands | 152,669,000 | 157,403,000 | 151,157,000 | 132,110,000 | 110,225,000 |
| Net profit margin | 9.92% | 10.87% | 10.87% | 9.74% | 10.20% |
January 28, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $15,143,000K ÷ $152,669,000K
= 9.92%
Home Depot Inc's net profit margin has exhibited fluctuations over the past five fiscal years. The net profit margin decreased to 9.92% in Jan 28, 2024, compared to 10.87% in Jan 29, 2023, and Jan 30, 2022. However, it is worth noting that the net profit margin was relatively stable around 10.87% in these two earlier years. In Jan 31, 2021, the net profit margin was slightly lower at 9.74%, while in Feb 2, 2020, it was 10.20%.
This trend suggests there may have been changes in Home Depot Inc's profitability and efficiency in managing its costs over the years. Further analysis into the company's financial performance and business strategies would be required to fully understand the drivers behind these fluctuations in net profit margin.
Peer comparison
Jan 28, 2024