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Costco Wholesale vs Home Depot: revenue, profit, margins and growth compared

Costco Wholesale brought in $275.2B of revenue in fiscal 2025, Home Depot $164.7B in fiscal 2025. Revenue changed by +8.2% at Costco Wholesale and +3.2% at Home Depot on the year before, so Costco Wholesale grew faster. Costco Wholesale kept 2.9% of its revenue as net profit, Home Depot 8.6%. Free cash flow was $7.8B at Costco Wholesale and $12.6B at Home Depot.

Side by side, latest fiscal year

COSTHD
Fiscal year endedFY2025 (August 31, 2025)FY2025 (February 1, 2026)
Revenue$275.2B$164.7B
Revenue growth+8.2%+3.2%
Net income$8.1B$14.2B
Net margin2.9%8.6%
Free cash flow$7.8B$12.6B
Free cash flow margin2.8%7.7%
Earnings per share (diluted)$18.21$14.23
Cash$14.2B$1.4B
Debt$5.8B$49.4B
Price to earnings50.720.6
Market value$409.2B$292.4B
Dividend yield0.53%3.14%
Rank by revenue in sector#3 of 778 · Consumer discretionary#4 of 778 · Consumer discretionary

Over the years

Revenue
COST FY2018: $141.6BCOST FY2019: $152.7BCOST FY2020: $166.8BCOST FY2021: $195.9BCOST FY2022: $227BCOST FY2023: $242.3BCOST FY2024: $254.5BCOST FY2025: $275.2BHD FY2018: $108.2BHD FY2019: $110.2BHD FY2020: $132.1BHD FY2021: $151.2BHD FY2022: $157.4BHD FY2023: $152.7BHD FY2024: $159.5BHD FY2025: $164.7BFY18FY19FY20FY21FY22FY23FY24FY25
COST $275.2BHD $164.7B
Net income
COST FY2018: $3.1BCOST FY2019: $3.7BCOST FY2020: $4BCOST FY2021: $5BCOST FY2022: $5.8BCOST FY2023: $6.3BCOST FY2024: $7.4BCOST FY2025: $8.1BHD FY2018: $11.1BHD FY2019: $11.2BHD FY2020: $12.9BHD FY2021: $16.4BHD FY2022: $17.1BHD FY2023: $15.1BHD FY2024: $14.8BHD FY2025: $14.2BFY18FY19FY20FY21FY22FY23FY24FY25
COST $8.1BHD $14.2B
Net margin
COST FY2018: 2.2%COST FY2019: 2.4%COST FY2020: 2.4%COST FY2021: 2.6%COST FY2022: 2.6%COST FY2023: 2.6%COST FY2024: 2.9%COST FY2025: 2.9%HD FY2018: 10.3%HD FY2019: 10.2%HD FY2020: 9.7%HD FY2021: 10.9%HD FY2022: 10.9%HD FY2023: 9.9%HD FY2024: 9.3%HD FY2025: 8.6%FY18FY19FY20FY21FY22FY23FY24FY25
COST 2.9%HD 8.6%
Revenue growth
COST FY2019: +7.9%COST FY2020: +9.2%COST FY2021: +17.5%COST FY2022: +15.8%COST FY2023: +6.8%COST FY2024: +5.0%COST FY2025: +8.2%HD FY2019: +1.9%HD FY2020: +19.9%HD FY2021: +14.4%HD FY2022: +4.1%HD FY2023: -3.0%HD FY2024: +4.5%HD FY2025: +3.2%FY19FY20FY21FY22FY23FY24FY25
COST +8.2%HD +3.2%
Free cash flow
COST FY2018: $2.8BCOST FY2019: $3.4BCOST FY2020: $6.1BCOST FY2021: $5.4BCOST FY2022: $3.5BCOST FY2023: $6.7BCOST FY2024: $6.6BCOST FY2025: $7.8BHD FY2018: $10.7BHD FY2019: $11BHD FY2020: $16.4BHD FY2021: $14BHD FY2022: $11.5BHD FY2023: $17.9BHD FY2024: $16.3BHD FY2025: $12.6BFY18FY19FY20FY21FY22FY23FY24FY25
COST $7.8BHD $12.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Costco Wholesale and Home Depot

Which is bigger by revenue, Costco Wholesale or Home Depot?

Costco Wholesale is bigger by revenue: $275.2B in fiscal 2025, against $164.7B for Home Depot in fiscal 2025.

Which keeps more of its revenue as profit, Costco Wholesale or Home Depot?

Costco Wholesale had a net margin of 2.9% in fiscal 2025; Home Depot had 8.6% in fiscal 2025.

Which grew revenue faster, Costco Wholesale or Home Depot?

In their latest fiscal years revenue changed by +8.2% at Costco Wholesale and +3.2% at Home Depot.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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