Home Depot (The) management check
HD · Consumer Discretionary · Home Improvement Retail
Filings as of
4 good · 3 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $156, against $164 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.21 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.1% of net income$16.2m of reported pay in fiscal 2026, against $14.2bn of net income.
- Watch
Do they own the stock?
Insiders are selling4 insiders sold $3.3m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.3% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 years5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 44 | 70 | |
| Pay for performance | 61 | 79 | |
| CEO cost | 100 | 44 | |
| Skin in the game | — | — | 36 |
| Dilution | 54 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Home Improvement Retail, by management score. Home Depot (The) is 12th of 47 in its sector.
- 54LOWLowe's80
- 90AMZNAmazon77
- 96HDHome Depot (The)76
- 100CVNACarvana76
- 102MARMarriott International76
- 106RLRalph Lauren Corporation76
Pay versus performance
From the proxy statement filed April 7, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | — | $16.2m | $12.1m | $6.0m | $156 | $164 | $14.2bn |
| 2025 | — | $15.6m | $20.0m | — | $204 | $228 | $14.8bn |
| 2024 | — | $14.4m | $18.3m | — | $172 | $165 | $15.1bn |
| 2023 | — | $14.6m | $7.5m | — | $149 | $124 | $17.1bn |
| 2022 | — | $13.1m | $51.7m | — | $168 | $150 | $16.4bn |
Insiders and the CEO's stake
4 insiders sold $3.3m in the last six months and none bought.
- SoldRichard V McPhailEVP & CFO$2.1mAug 19, 2026
- SoldTeresa Wynn RoseboroughEVP, Gen. Counsel & Corp. Sec.$807kAug 28, 2026
- SoldMichael F. RoweEVP, Pro$239kAug 26, 2026
- SoldKimberly R ScardinoSVP-Finance, CAO & Controller$207kSep 10, 2026
Leadership and governance on file
- Aug 21, 2026Leadership change8-K 5.02
- Aug 12, 2026Leadership change8-K 5.02
- May 30, 2024Leadership change8-K 5.02
- Jan 10, 2024Leadership change8-K 5.02
- Oct 30, 2023Leadership change8-K 5.02
- Jun 20, 2023Leadership change8-K 5.02
- Apr 19, 2023Leadership change8-K 5.02
- Feb 28, 2023Leadership change8-K 5.02
- Aug 18, 2022Leadership change8-K 5.02
- May 24, 2022Leadership change8-K 5.02
- Apr 19, 2022Leadership change8-K 5.02
- Mar 1, 2022Leadership change8-K/A 5.02
Latest shareholder vote results: May 26, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $71.3bn returned to owners in buybacks and dividends, 92% of net income, and $2.1bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $151.2bn | $157.4bn | $152.7bn | $159.5bn | $164.7bn |
| Net income | $16.4bn | $17.1bn | $15.1bn | $14.8bn | $14.2bn |
| Stock-based pay | $399.0m | $366.0m | $380.0m | $442.0m | $522.0m |
| Buybacks | $14.8bn | $6.7bn | $8.0bn | $649.0m | $0 |
| Dividends | $7.0bn | $7.8bn | $8.4bn | $8.9bn | $9.2bn |
| Diluted shares | 1058m | 1025m | 1002m | 993m | 995m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.