Home Depot and Lowe's: global annual sales 2011-2024

In 2024, Home Depot's annual sales amounted to almost *** billion U.S. dollars, whereas its main competitor, Lowe's, reached more than ** billion U.S. dollars of sales.

Home improvement companies

The Home Depot and Lowe’s Companies, Inc. are home improvement retailers which were founded in 1978 and 1946, respectively. They both offer a wide range of products ranging from electrical products to flooring. In 2024, the majority of The Home Depot’s stores were located in the United States, and it operated over ***** stores worldwide, while Lowe’s Companies, Inc. operated ***** stores.

Consumer behavior and sales

The average amount spent by consumers on home improvement products has seen a year-on-year increase. In 2023, The Home Depot ranked fifth amongst leading American retailers, with estimated retail sales of over *** billion U.S. dollars. Lowe’s Companies, Inc. ranked ninth, with estimated retail sales amounting to over ** billion U.S. dollars.