The Home Depot Inc

HD: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Home Depot Earnings: Operating Leverage Eludes Firm in Still-Slow Housing Market

Jaime M Katz

Feb 24, 2026

Home Depot eked out comparable sales growth of 0.3% in the fourth quarter, aided by 2.4% ticket growth but hurt by a 1.6% transaction decline. Weak top-line results led to cost deleverage, surfacing an adjusted operating margin that fell 120 basis points to 10.5%, slightly ahead of implied guidance.

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The Home Depot Inc

Home Depot Earnings: Operating Leverage Eludes Firm in Still-Slow Housing Market

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