Is Home Depot bigger than Target?

By market capitalization, Home Depot is larger at $337.51B vs Target's $53.14B.

Which has better profit margins — Home Depot or Target?

Home Depot has higher net profit margins (8.6%) compared to Target (3.5%). Gross and operating margins are compared in the table above.

What sectors do Home Depot and Target operate in?

Home Depot operates in the Consumer Cyclical sector (Home Improvement Retail). Target operates in the Consumer Defensive sector (Discount Stores).

How does Home Depot's revenue compare to Target's?

Home Depot generates $164.68B in annual revenue (TTM) while Target generates $104.78B. Home Depot is the larger company by revenue as of 2026.

Home DepotvsTarget

Home Depot vs Target: Business Model & Financial Comparison 2026

Home Depot · Consumer Cyclical / Home Improvement Retail·Target · Consumer Defensive / Discount Stores

Financial Comparison

Metric	HDHome Depot	TGTTarget
Market Cap	$337.51B	$53.14B
Revenue (TTM)	$164.68B	$104.78B
Revenue Growth	-3.8%	-1.5%
Gross Margin	33.3%	27.9%
Operating Margin	10.1%	4.9%
Net Margin	8.6%	3.5%
Return on Equity	145.5%	24.0%
P/E (Trailing)	23.8x	14.4x
P/E (Forward)	20.8x	13.8x
Free Cash Flow	$8.62B	$2.59B
Cash	$1.39B	$5.49B
Total Debt	$65.35B	$20.29B

Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.

Business Model Comparison

Home Depot

The Home Depot, Inc. stands as a leading company in Consumer Cyclical. Generating $164.68 billion in annual revenue (growing -3.8% year-over-year) and carrying a market capitalization of $360.06 billion, the company has cemented its position as a foundational player in the global Home Improvement Retail landscape. Under the leadership of its leadership team, The Home Depot, Inc. continues to execute on a multi-year strategic vision that balances …

Full Home Depot analysis →

Target

Target Corporation stands as a leading company in Consumer Defensive. Generating $104.78 billion in annual revenue (growing -1.5% year-over-year) and carrying a market capitalization of $54.69 billion, the company has cemented its position as a foundational player in the global Discount Stores landscape. Under the leadership of its leadership team, Target Corporation continues to execute on a multi-year strategic vision that balances growth inves…

Full Target analysis →

SWOT Analysis Comparison

Strengths

Home Depot

With a market capitalization of $360.06B, The Home Depot, Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access
The Home Depot, Inc. maintains a gross margin of 33.3% and operating margin of 10.1%, demonstrating consistent operational execution and cost discipline in a competitive market.
A return on equity of 145.5% demonstrates that The Home Depot, Inc. generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.

Target

Target Corporation maintains a gross margin of 27.9% and operating margin of 4.8%, demonstrating consistent operational execution and cost discipline in a competitive market.
A return on equity of 24.0% demonstrates that Target Corporation generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
Target Corporation generated $2.49B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.

Weaknesses

Home Depot

With a debt-to-equity ratio of 510.0, The Home Depot, Inc. carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increas
Year-over-year revenue declined 3.8%, raising questions about demand for The Home Depot, Inc.'s core offerings and requiring management to articulate a credible recovery path.
With 470,000 employees globally, The Home Depot, Inc. faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, ni

Target

With a debt-to-equity ratio of 125.5, Target Corporation carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases
Year-over-year revenue declined 1.5%, raising questions about demand for Target Corporation's core offerings and requiring management to articulate a credible recovery path.
A net profit margin of 3.5% leaves limited buffer against revenue fluctuations or cost increases. Any significant market downturn could quickly pressure profitability.

Opportunities

Home Depot

The Home Depot, Inc. operates in the Home Improvement Retail segment of the broader Consumer Cyclical sector, which represents a $28 trillion global consumer spending market. Even modest share gains i
Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for The Hom
With $1.39B in cash and strong free cash flow generation, The Home Depot, Inc. is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.

Target

Target Corporation operates in the Discount Stores segment of the broader Consumer Defensive sector, which represents a $12 trillion global consumer staples market. Even modest share gains in this env
Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Target
With $5.49B in cash and strong free cash flow generation, Target Corporation is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.

Threats

Home Depot

Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. The Home Depot, Inc.'s revenue is not fully insulated from macroeconomic cycles, and a reces
Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on The Home Depot, Inc
Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

Target

Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Target Corporation's revenue is not fully insulated from macroeconomic cycles, and a recessi
Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Target Corporation'
Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

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Home Depot vs Target: FAQ

Is Home Depot bigger than Target?: By market capitalization, Home Depot is larger at $337.51B vs Target's $53.14B.
Which has better profit margins — Home Depot or Target?: Home Depot has higher net profit margins (8.6%) compared to Target (3.5%). Gross and operating margins are compared in the table above.
What sectors do Home Depot and Target operate in?: Home Depot operates in the Consumer Cyclical sector (Home Improvement Retail). Target operates in the Consumer Defensive sector (Discount Stores).
How does Home Depot's revenue compare to Target's?: Home Depot generates $164.68B in annual revenue (TTM) while Target generates $104.78B. Home Depot is the larger company by revenue as of 2026.