HOME DEPOT, INC.
HD · scored from FY2026 filings · Narrow moat
On the watchlist
The four filters
Pricing power59
Median gross margin 33.8% over 10y, very stable.
Returns on capital100
Median ROIC 45.9%, above the 9% hurdle in 100% of years.
Balance-sheet safety73
Net debt/EBITDA 2.0x, interest coverage 25x.
Capital discipline79
Owner earnings +6.1%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $15.1B
- Est. intrinsic value / share
- $168.93
- Recent price
- —
- Discount to value
- No price data
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.