HD vs LOW
Home Depot, Inc. and Lowes Companies Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HD | LOW |
|---|---|---|
| Revenue | $164.7B | $86.3B |
| Net income | $14.2B | $6.7B |
| Gross margin | 33.3% | 33.5% |
| Net margin | 8.6% | 7.7% |
| Return on equity | 145.5% | · |
| Diluted EPS | $14.23 | $11.85 |
| Dividend / share | $9.20 | $4.75 |
| Payout ratio | 64.7% | 39.6% |
| Free cash flow | $12.6B | $7.7B |
| Equity | $12.8B | $-9.9B |
| Net debt / equity | 3.75× | · |
| Current ratio | 1.06× | 1.08× |
| Revenue CAGR 5y | 4.5% | −0.8% |
| Profit CAGR 5y | 1.9% | 2.7% |
HD bills 1.9× the revenue of LOW, and keeps more of each dollar of revenue as profit (8.6% against 7.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | HD | LOW |
|---|---|---|
| FY2025 | $164.7B | $86.3B |
| FY2024 | $159.5B | $83.7B |
| FY2023 | $152.7B | $86.4B |
| FY2022 | $157.4B | $97.1B |
| FY2021 | $151.2B | $96.2B |
| FY2020 | $132.1B | $89.6B |
| FY2019 | $110.2B | $72.1B |
| FY2018 | $108.2B | $71.3B |
| FY2017 | $100.9B | $68.6B |
| FY2016 | $94.6B | $65.0B |
Bottom line
| Fiscal year | HD | LOW |
|---|---|---|
| FY2025 | $14.2B | $6.7B |
| FY2024 | $14.8B | $7.0B |
| FY2023 | $15.1B | $7.7B |
| FY2022 | $17.1B | $6.4B |
| FY2021 | $16.4B | $8.4B |
| FY2020 | $12.9B | $5.8B |
| FY2019 | $11.2B | $4.3B |
| FY2018 | $11.1B | $2.3B |
| FY2017 | $8.6B | $3.4B |
| FY2016 | $8.0B | $3.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$78,397,000,000 | HD |
| FY2024 | +$75,840,000,000 | HD |
| FY2023 | +$66,292,000,000 | HD |
| FY2022 | +$60,344,000,000 | HD |
| FY2021 | +$54,907,000,000 | HD |
| FY2020 | +$42,513,000,000 | HD |
| FY2019 | +$38,077,000,000 | HD |
| FY2018 | +$36,894,000,000 | HD |
| FY2017 | +$32,285,000,000 | HD |
| FY2016 | +$29,578,000,000 | HD |
| FY2015 | +$29,445,000,000 | HD |
| FY2014 | +$26,953,000,000 | HD |
| FY2013 | +$25,395,000,000 | HD |
| FY2012 | +$24,233,000,000 | HD |
| FY2011 | +$20,187,000,000 | HD |
| FY2010 | +$19,182,000,000 | HD |
| FY2009 | +$18,956,000,000 | HD |
| FY2008 | +$23,058,000,000 | HD |
| FY2007 | +$29,066,000,000 | HD |
HD has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.9 pp | HD |
| FY2024 | +1.0 pp | HD |
| FY2023 | +1.0 pp | HD |
| FY2022 | +4.2 pp | HD |
| FY2021 | +2.1 pp | HD |
| FY2020 | +3.2 pp | HD |
| FY2019 | +4.3 pp | HD |
| FY2018 | +7.0 pp | HD |
| FY2017 | +3.5 pp | HD |
| FY2016 | +3.7 pp | HD |
| FY2015 | +3.6 pp | HD |
| FY2014 | +2.8 pp | HD |
| FY2013 | +2.6 pp | HD |
| FY2012 | +2.2 pp | HD |
| FY2011 | +1.9 pp | HD |
| FY2010 | +0.8 pp | HD |
| FY2009 | +0.2 pp | HD |
| FY2008 | −1.4 pp | LOW |
| FY2007 | −0.1 pp | LOW |
The higher net margin has changed hands between HD and LOW over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HD's net margin has been more volatile than LOW's over the 19 comparable fiscal years — 2.3 percentage points of standard deviation against 1.8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HD and LOW over these 19 fiscal years — HD led in 17 and LOW in 2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HD's return on equity has been more volatile than LOW's over the 11 comparable fiscal years — 82.9 percentage points of standard deviation against 14.5.
11 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HD and LOW over these 11 fiscal years — HD led in 10 and LOW in 1.
11 of 17 comparable fiscal years — a year missing data on either side is not counted.