Company Overview
About Home Depot (The)
The Home Depot is the world's largest home improvement retailer, founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill, and Pat Farrah in Atlanta, Georgia, and now headquartered in Atlanta and trading on NYSE (HD). The company operates approximately 2,340 stores across the United States, Canada, and Mexico and generated approximately $159.5 billion in total revenues for fiscal year 2024 (ending January 2025) under CEO Ted Decker. The strategic anchor of 2024 was the completed $18.25 billion acquisition of SRS Distribution—a leading professional roofing, pool, and landscaping products distributor—which dramatically expands Home Depot's reach into the professional contractor market and extends its addressable market by an estimated $50 billion in professional specialty trade distribution.
Business Model & Competitive Advantage
Home Depot's competitive differentiation lies in its industry-leading Pro ecosystem: professional contractors now account for approximately 50% of revenues despite representing a fraction of transaction count, generating disproportionate basket sizes and repeat purchase frequency. The Pro loyalty program, dedicated Pro desks, job-site delivery, and the recently expanded B2B digital ordering platform cater to trade professionals who require reliability, inventory depth, and credit terms. The company's supply chain transformation—building distribution centers dedicated to large Pro orders and direct-to-job-site delivery—accelerates Pro penetration. DIY consumers benefit from Home Depot's unmatched product assortment across lumber, building materials, tools, appliances, garden, and flooring, supported by expert associates and an expansive how-to content library.
Competitive Landscape 2025–2026
In 2025-2026, Home Depot competes primarily with Lowe's Companies (LOW) in the home improvement retail category, though Lowe's trails meaningfully in the Pro segment where Home Depot holds structural advantages. The housing market environment—characterized by historically low existing home sale inventory due to the lock-in effect of sub-3% mortgages and aging housing stock requiring repair and maintenance—creates mixed dynamics: high renovation demand from homeowners delaying moves offset by slower new home installation services. The SRS Distribution acquisition positions Home Depot to capture roofing replacement cycles accelerated by storm events and an aging commercial building stock, independent of the residential housing transaction cycle.
The Home Depot (The) Story
Founders
Company Timeline
Major milestones in Home Depot (The)'s journey
Leadership Team
Meet the leaders behind Home Depot (The)
Ted Decker
Edward 'Ted' Decker became CEO and President of The Home Depot in March 2022 after 22 years with the company, and was named Chairman later that year. A graduate of the College of William and Mary (BA, English, 1985) and Carnegie Mellon University (MBA, 1993), Decker joined Home Depot in 2000 as director of business valuation. He has held numerous strategic positions including chief merchant, executive vice president of merchandising (6+ years), and president and chief operating officer (2020-2022). Prior to Home Depot, Decker worked in business development and finance at Kimberly-Clark, Scott Paper, and PNC Bank, with international experience in England and Australia.
Billy Bastek
Billy Bastek serves as executive vice president of merchandising, overseeing The Home Depot's product strategy, vendor relationships, and category management across the company's extensive portfolio of 30,000+ products. In this role, he leads the teams responsible for ensuring customers have access to the right products at competitive prices.
Ann-Marie Campbell
Ann-Marie Campbell leads operations for The Home Depot's 2,000+ U.S. retail stores, overseeing store performance, customer experience, and associate development. Her leadership focuses on maintaining operational excellence while ensuring stores deliver exceptional service to both DIY customers and professional contractors.
Fahim Siddiqui
Fahim Siddiqui serves as EVP and CIO, leading The Home Depot's technology strategy and digital transformation initiatives. He oversees the company's technology infrastructure, cybersecurity, and innovation efforts that enable seamless omnichannel experiences for customers and operational efficiency for the organization.
Jordan Broggi
Jordan Broggi was appointed EVP of customer experience and president of online in May 2024, leading The Home Depot's digital commerce strategy and omnichannel customer experience initiatives. His role focuses on integrating online and in-store experiences to serve the evolving needs of both retail and Pro customers.
Michael Rowe
Michael Rowe was named EVP of Pro in March 2025, leading The Home Depot's professional customer business segment. His responsibilities include expanding the company's Pro ecosystem, managing specialized distribution centers, and developing services that meet the unique needs of contractors, builders, and trade professionals.
Stephanie Smith
Stephanie Smith was promoted to EVP of human resources, leading The Home Depot's people strategy, talent development, and organizational culture initiatives. She oversees recruitment, training programs, compensation and benefits, and diversity and inclusion efforts for the company's 475,000+ associates.
Richard McPhail
Richard McPhail serves as EVP and CFO, overseeing The Home Depot's financial strategy, capital allocation, investor relations, and financial planning and analysis. His leadership ensures the company's financial strength supports strategic growth initiatives while delivering value to shareholders.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Home Depot (The) is recognized as a market leader in the Consumer Retail sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $159500M in revenue, Home Depot (The) operates at enterprise scale with proven market validation.
Frequently Asked Questions
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