# Home Depot (The) **Source:** https://geo.sig.ai/brands/home-depot-the **Vertical:** Consumer Retail **Subcategory:** Enterprise **Tier:** Leader **Website:** homedepot.com **Last Updated:** 2026-04-14 ## Summary World's largest home improvement retailer; $159.5B FY2024 revenue; $18.25B SRS Distribution acquisition expands Pro specialty distribution by $50B TAM; Pro now ~50% of revenues. ## Company Overview 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. 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. 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. ## Frequently Asked Questions ### What is The Home Depot? The Home Depot, Inc. is the world's largest home improvement retailer, operating over 2,350 stores and 800+ distribution branches across North America. Founded in 1978, the company serves both do-it-yourself consumers and professional contractors with building materials, tools, appliances, and installation services, generating over $159 billion in annual revenue. ### Who are The Home Depot's customers and target market? The Home Depot serves two primary customer segments: DIY homeowners seeking materials, tools, and expert guidance for home improvement projects, and professional contractors, builders, and tradespeople requiring reliable access to quality products, bulk purchasing options, specialized services, and job-site delivery. The Pro segment has grown significantly following strategic acquisitions like SRS Distribution. ### When was The Home Depot founded? The Home Depot was founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone. The first two stores opened on June 22, 1979, in metro Atlanta, Georgia (Doraville and Memorial Drive in Decatur), introducing the revolutionary warehouse-style home improvement retail concept. ### Where is The Home Depot based? The Home Depot is headquartered in Atlanta, Georgia, where the company was founded and opened its first stores in 1979. The company maintains a significant corporate presence in Atlanta while operating stores and distribution centers throughout the United States, Canada, and Mexico. ### How much funding has The Home Depot raised? As a publicly traded company since 1981, The Home Depot raised over $4 million in its initial public offering and joined the New York Stock Exchange in 1984. The company is now self-funding through operations and has used its financial strength to complete major acquisitions including SRS Distribution ($18.25 billion in 2024) and GMS ($4.3 billion in 2025). ### What makes The Home Depot different from competitors? The Home Depot differentiates through its unmatched scale (2,350+ stores), comprehensive product selection (30,000-40,000 SKUs per store), knowledgeable associates (11.6 million training hours in 2024), strong Pro services ecosystem with specialized distribution centers, market-leading digital capabilities ($23.6 billion in projected 2024 web sales), and promote-from-within culture where 90%+ of store leaders started as hourly associates. ### Who are The Home Depot's main competitors? The Home Depot's primary competitor is Lowe's, which holds approximately 28% market share compared to Home Depot's 47% in head-to-head competition. Together they control about 45% of the U.S. home improvement market. Other competitors include Menards (regional), Ace Hardware (franchise model), Amazon (online tools/hardware), and specialized distributors in various trade categories. ### How can I contact The Home Depot? Customers can contact The Home Depot through multiple channels: visit www.homedepot.com for online shopping and customer service, call the customer service line, visit any of 2,350+ retail stores for in-person assistance, use the mobile app for account management and project support, or reach out through social media channels. Pro customers have access to dedicated Pro Desks in stores. ### Is The Home Depot hiring? Yes, The Home Depot regularly hires across its 475,000+ associate base, with opportunities ranging from store associates and department supervisors to distribution center roles, corporate positions, and specialized Pro services. The company offers comprehensive training (11.6 million hours in 2024), promote-from-within advancement (90%+ of store leaders started hourly), competitive pay including Success Sharing bonuses ($250 million distributed in fiscal 2024), and benefits including tuition reimbursement. Visit careers.homedepot.com for current opportunities. ### What's the latest news about The Home Depot? Recent developments include: completion of the $18.25 billion SRS Distribution acquisition (June 2024) adding 760 specialty trade branches; completion of the $4.3 billion GMS acquisition (September 2025) expanding building materials distribution; Q3 fiscal 2025 results showing sales of $41.4 billion (up 2.8%); plans to open 13 new stores in 2025; expansion of tax-free shopping for military families through partnerships with Army & Air Force Exchange and Navy Exchange; and commitment of $8.5 million for 2025 disaster relief season. ### What is The Home Depot's market position? The Home Depot is the undisputed leader in home improvement retail with 17% of the total U.S. market and 47% share in competition with Lowe's. The company operates 2,350+ stores, employs 475,000+ associates, generates $159+ billion in annual revenue, maintains a market capitalization of $377+ billion, and ranks consistently in the Fortune 500 top 25. The SRS and GMS acquisitions expanded the addressable market to approximately $1 trillion. ### What are The Home Depot's future plans? The Home Depot's strategic priorities include: expanding Pro services through integration of SRS Distribution and GMS acquisitions; opening 13 new stores in 2025; enhancing omnichannel capabilities to integrate online and in-store experiences; expanding specialized distribution centers to 17+ locations in major markets for faster Pro delivery; investing $1.3 billion in Mexico over three years to open five stores annually and create 12,000 jobs; continuing digital innovation to improve customer experience; and maintaining community investment through The Home Depot Foundation's disaster relief and veteran housing programs. ## Tags b2c, retailtech, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*