HOME DEPOT Business Summary

The Home Depot, Inc. (HD) operates as the world’s largest home improvement retailer, generating revenue primarily through the high-volume sale of building materials, home improvement products, lawn and garden supplies, and professional-grade tools. The company’s business model is bifurcated into two primary customer segments: the Do-It-Yourself (DIY) homeowner and the Professional (Pro) contractor, with the latter now accounting for approximately 50% of total revenue following the strategic $18.25 billion acquisition of SRS Distribution. Home Depot utilizes an "interconnected retail" strategy, blending a vast physical footprint of over 2,300 stores with a robust e-commerce platform that fulfills nearly half of online orders through store-based inventory. Its primary direct competitors include Lowe’s Companies, Inc., Menards, and Ace Hardware, alongside general merchandise giants like Amazon and Walmart. Home Depot maintains a dominant market-leading position, commanding an estimated 17% share of the fragmented $1.1 trillion North American home improvement market. Founded in 1978 by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone, the company is currently led by Chair, President, and CEO Ted Decker, a 25-year company veteran who previously served as EVP of Merchandising and Chief Financial Officer. The executive leadership team includes EVP and CFO Richard McPhail, who oversees corporate strategy, and EVP and Chief Information Officer Angie Brown, a 27-year veteran promoted in 2025 to lead the firm’s digital and cybersecurity infrastructure. Other key executives include Michael Rowe, EVP of Pro, and Ann-Marie Campbell, Senior EVP of Operations. The Board of Directors features high-profile members such as Lead Independent Director Gregory Brenneman (Executive Chairman of CCMP Capital), Ari Bousbib (Chairman and CEO of IQVIA), and Paula Santilli (CEO of PepsiCo Latin America). The company is widely held by major institutional investors, including The Vanguard Group, BlackRock, and State Street Corporation.