You probably walk into a Home Depot and see orange aprons, stacks of 2x4s, and a rhythmic sea of self-checkout beeps. It feels like a local hardware store on steroids. But behind the scenes, this thing is a financial leviathan. If you’re asking how much is Home Depot worth, the answer depends entirely on whether you’re looking at the stock market’s mood today or the literal mountain of assets the company sits on.
Honestly, it’s bigger than most people realize.
As of mid-January 2026, Home Depot carries a market capitalization of roughly $378.46 billion. That number isn't static; it breathes. Last week, the stock was trading at $380.17 per share, bouncing around based on interest rate whispers and how many people are actually buying new sinks. To put that in perspective, this company is worth more than the entire GDP of many small countries.
The Real Numbers Behind the Orange Logo
When Wall Street nerds talk about value, they look at the "market cap," which is just the share price multiplied by the number of shares out there. But for a normal human trying to understand the scale, you’ve gotta look at the revenue.
In the last full fiscal year, Home Depot raked in about $159.5 billion in sales. That is an absurd amount of money. Even with a slight "normalization" after the pandemic DIY craze, they’re still moving more product than almost anyone in retail except for the titans like Walmart or Amazon.
Here’s the breakdown of what they actually "own" and "owe" based on recent 2025/2026 filings:
- Total Assets: Approximately $106.3 billion. This includes their massive real estate footprint—2,356 retail stores and over 1,200 SRS locations (their recent pro-focused acquisition).
- Inventory: They usually keep about $23 billion to $25 billion worth of stuff sitting on shelves at any given time.
- Debt: They aren't debt-free. In fact, they carry about $48 billion in long-term debt. They use this "leverage" to buy back stock and expand, which is a classic big-business move.
Why the Price Tags Keep Changing
People get confused because Home Depot’s "worth" in the eyes of the stock market fluctuates wildly. Just a couple of months ago, in November 2025, the stock took a hit after they missed some earnings targets. Why? No storms.
Seriously.
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CEO Ted Decker pointed out that a lack of major weather events actually hurt their sales. When there aren't hurricanes or big freezes, people don't buy generators, plywood, or emergency repair supplies. It’s a weird reality where "good weather" can actually make a multi-billion dollar company "worth" less on paper for a few weeks.
The housing market is the other big driver. If mortgage rates are high (which they've been lately), people don't move. If they don't move, they don't buy a "fixer-upper" and spend $20,000 at Home Depot on a new kitchen. Instead, they stay put and maybe just paint a room. That shift from "big project" to "small project" is why you see the market value swing between $330 billion and $400 billion.
How Much Is Home Depot Worth Compared to Lowe's?
It’s the classic Pepsi vs. Coke of the suburban landscape. If you’re looking at how much is Home Depot worth versus its main rival, Lowe's, the gap is surprisingly wide.
Lowe's typically sits with a market cap around $133 billion to $150 billion. Home Depot is essentially double the size of its biggest competitor. While Lowe's has tried to catch up by rebranding and focusing on "home decor," Home Depot has doubled down on the "Pro" customer—the contractors and plumbers who spend $50,000 a year, not just $50.
That "Complex Pro" strategy is a huge part of their $1.1 trillion total addressable market. They aren't just selling you a hammer; they are trying to be the entire supply chain for every construction crew in North America.
The "Intangible" Value
You can't talk about worth without mentioning the brand. Forbes consistently ranks Home Depot as one of the most valuable brands in the world.
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Think about it. If you need a bolt at 8:00 PM on a Tuesday, where do you go? That "top of mind" dominance is worth billions in its own right. They’ve also spent a fortune on their "interconnected retail" strategy—basically making sure that if you buy a drill on your phone, it’s sitting in a locker waiting for you 20 minutes later. That tech infrastructure is a massive asset that doesn't show up on a balance sheet as "property" but keeps the company's valuation high.
Is the Company Overvalued?
Some analysts, like those at Bernstein, have been a bit more cautious lately. They look at the Price-to-Earnings (P/E) ratio, which is currently sitting around 25.9.
Basically, investors are paying $25 for every $1 of profit the company makes. Is that too much? Some say yes, especially if the housing market stays sluggish. Others, like the folks at Piper Sandler, have price targets as high as $450, betting that 2026 will see a massive rebound in home improvement spending as interest rates finally start to settle.
What This Means For You
If you're an investor, the "worth" is about the dividend yield (currently around 2.4%) and whether you believe people will keep fixing their houses. If you're just a curious observer, the "worth" is a testament to how one company can basically own the physical maintenance of an entire continent.
They are currently projecting a "Market Recovery Case" where sales could grow by 5% to 6% through the rest of 2026. If that happens, expect that $378 billion number to push past the $400 billion mark again.
Next Steps for Tracking Value:
If you want to keep an eye on Home Depot's real-time value, don't just look at the stock price. Check the U.S. Housing Starts data and 30-year mortgage rates. These are the "leading indicators" that tell you where Home Depot's value is headed six months before the earnings report actually comes out. You should also watch for their Q4 2025 earnings release, which is scheduled for February 24, 2026—that will be the next major "revaluation" of the company.