Home Depot(HD) - 2025 Q4 - Annual Results

Financial Performance - Fourth quarter sales for fiscal 2024 were $39.7 billion, an increase of $4.9 billion, or 14.1% from the same period in fiscal 2023[1] - Net earnings for the fourth quarter were $3.0 billion, or $3.02 per diluted share, compared to $2.8 billion, or $2.82 per diluted share in the same period of fiscal 2023[3] - Fiscal 2024 sales totaled $159.5 billion, an increase of $6.8 billion, or 4.5% from fiscal 2023[4] - Comparable sales for fiscal 2024 decreased by 1.8%, with comparable sales in the U.S. also decreasing by 1.8%[4] - Adjusted diluted earnings per share for fiscal 2024 were $15.24, compared to $15.25 in fiscal 2023[5] - Diluted earnings per share (GAAP) increased to $3.02 in the three months ended February 2, 2025, up 7.1% from $2.82 in the same period of 2024[29] - Adjusted diluted earnings per share rose to $3.13 in the three months ended February 2, 2025, a 9.4% increase from $2.86 in 2024[29] Dividend and Guidance - The company announced a 2.2% increase in its quarterly dividend to $2.30 per share, equating to an annual dividend of $9.20 per share[7] - Fiscal 2025 guidance includes total sales growth of approximately 2.8% and diluted earnings-per-share expected to decline approximately 3% from $14.91 in fiscal 2024[9] Store Operations - The company operated a total of 2,347 retail stores and over 780 branches across various regions at the end of the fourth quarter[9] Customer Metrics - Customer transactions increased to 400.4 million in the fourth quarter, a 7.6% increase from 372.0 million in the same period of fiscal 2023[15] - Average ticket for the fourth quarter was $89.11, a slight increase of 0.3% from $88.87 in the same period of fiscal 2023[15] Assets and Liabilities - Total assets increased to $96,119 million in 2025 from $76,530 million in 2024, representing a growth of 25.6%[18] - Total current liabilities increased to $28,661 million in 2025 from $22,015 million in 2024, an increase of 30.2%[18] - Long-term debt, excluding current installments, rose to $48,485 million in 2025 from $42,743 million in 2024, an increase of 13.4%[18] Cash Flow and Expenditures - Net cash provided by operating activities decreased to $19,810 million in 2025 from $21,172 million in 2024, a decline of 6.4%[20] - Capital expenditures rose to $3,485 million in 2025, compared to $3,226 million in 2024, an increase of 8.0%[20] - Payments for businesses acquired surged to $17,644 million in 2025 from $1,514 million in 2024, reflecting a significant increase of 1,065.5%[20] Operating Income - Adjusted operating income for the fiscal year 2025 was $21,951 million, a marginal increase of 0.3% from $21,875 million in 2024[25] Yearly Earnings Comparison - Net earnings for the fiscal year ended February 2, 2025, were $14,806 million, a slight decrease of 2.2% from $15,143 million in 2024[20]