Many are interested to know what Home Depot’s net worth is. As most are aware, Home Depot is an American retailer of home improvement and construction products and services. And it’s been a publicly-traded company since 1981.
That said, Home Depot is an American staple in the home improvement industry. And it’s no surprise that many consider this company a potential investment opportunity. As of March 2022, Home Depot’s net worth stands at a sizable $331 billion. And this figure is growing each year, making Home Depot an attractive investment opportunity for traders worldwide.
Article Contents
What is Home Depot?
Home Depot was founded by Bernie Marcus and Arthur Blank in 1978. And it currently operates in the U.S., Canada, and Mexico, with over 400,000 employees. The company has over 2,200 stores, making it one of the largest retailers in the world.
It sells building materials and home improvement products to professional contractors and do-it-yourself (DIY) customers. This company offers physical stores, an online store, and installation and tool rental services.
It began trading on the stock market for the first time on September 22, 1981, at $12 per share. Two million shares were sold for a total of $24 million, providing a great deal of capital for the company.
Home Depot operates many big-box format stores across the United States, all of which derive their revenue from five product categories:
- Building materials (lumber, floors, finishes, windows, and doors)
- Appliances
- Consumer electronics
- Tools
- Lawn and garden equipment.
Over 50% of the company’s sales come from customers who make use of their free delivery service.
Home Depot’s Net Worth
When determining the net worth of a company, one subtracts its current liabilities from the value of its assets.
As of 2022, Home Depot brought in an annual revenue of $109.19 billion. And in Q1 of 2022, it has a net worth of $331 billion, putting it among the largest retailers globally.
Forbes magazine ranked Home Depot as the world’s largest retailer of home improvement products in its 2018 rankings. And it named the company the 22nd largest retailer overall that year.
Revenue generated during the 2017-2018 fiscal year was $108.2 billion. In 2019, the company sold products worth $108.2 billion.
The Home Depot Foundation
The Home Depot Foundation has committed $250 million to veteran causes by 2025. And it also supports the next generation of skilled tradespeople through nonprofit partnerships. Team Depot, the company’s volunteer organization, has served over 1,100 veteran homes and facilities and mobilized over 35,000 volunteers in 2017.
Conclusion
Having been included on Fortune’s list of 100 Best Companies to Work For since 1998, Home Depot is here to stay. Despite its long history as an American household name, it’s clear the company continues to go from strength to strength.
And suppose you consider Home Depot’s net worth of $331 billion. In that case, one has to regard it as a formidable player in the stock market.
