# Home Improvement Retail — company-by-company sector analysis

> Home Improvement Retail: The Home Depot, Inc. owns the largest revenue base; Haverty Furniture Companies, Inc. has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Home Improvement Retail has underperformed S&P 500 by 21% over 52 weeks and 6.8% over 13 weeks. 0 of 3 covered companies beat the S&P 500 on Mansfield relative strength, while 0 of 3 beat the sector itself. The Home Depot, Inc. leads with revenue of $166,592 million, based on 3 of 4 comparable companies through Jun 2026.

## Sector relative strength

Home Improvement Retail has underperformed S&P 500 by 21% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.8%. 0 of 3 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. The Home Depot, Inc. is the strongest against the sector itself at -5.2%.

13-week sector return versus NIFTY 500: 6.8%
52-week sector return versus NIFTY 500: -21%
Stocks leading NIFTY: 0/3
Stocks leading sector: 0/3

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 4
Combined market value: ₹4.8 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Floor & Decor Holdings, Inc. (FND): 40/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 17.3/35 | Capital efficiency 6.8/25 | Valuation 10.0/20 | Relative strength 6.0/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of the last 12 weeks
   - Exact sum: 17.3 + 6.8 + 10 + 6 = 40.1
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Lowe's Companies, Inc. (LOW): 32/100 — Adverse evidence; evidence 82%
   - Growth & earnings 9.5/35 | Capital efficiency 9.1/25 | Valuation 13.2/20 | Relative strength 0.0/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 9.5 + 9.1 + 13.2 + 0 = 31.8
   - Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
3. The Home Depot, Inc. (HD): 29/100 — Adverse evidence; evidence 72%
   - Growth & earnings 7.9/35 | Capital efficiency 8.6/25 | Valuation 10.0/20 | Relative strength 2.3/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 7.9 + 8.6 + 10 + 2.3 = 28.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4. Haverty Furniture Companies, Inc. (HVT-A): 40/100 — Thin evidence · provisional; evidence 48%
   - Growth & earnings 13.5/35 | Capital efficiency 6.8/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of 6 weeks with a reading, within the last 12
   - Exact sum: 13.5 + 6.8 + 10 + 10 = 40.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Haverty Furniture Companies, Inc. has the strongest one-year price move in Home Improvement Retail at +37.8%. The Home Depot, Inc. leads on Mansfield relative strength against the S&P 500 at -13.3%. 0 of 3 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Haverty Furniture Companies, Inc. (HVT-A): 38%
2. Lowe's Companies, Inc. (LOW): -9.6%
3. The Home Depot, Inc. (HD): -10%
4. Floor & Decor Holdings, Inc. (FND): -24%

### Strongest relative strength versus NIFTY 500
1. The Home Depot, Inc. (HD): -13%
2. Floor & Decor Holdings, Inc. (FND): -14%
3. Lowe's Companies, Inc. (LOW): -19%

## Revenue Scale & Growth Durability

What the numbers say: The Home Depot, Inc. is the scale leader at $166,592 million, 88.4% ahead of Lowe's Companies, Inc.. Haverty Furniture Companies, Inc.'s growth is 6.2% from a $766 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: The Home Depot, Inc. is the scale benchmark; Haverty Furniture Companies, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: The Home Depot, Inc.'s growth falls below Haverty Furniture Companies, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Evidence: The Home Depot, Inc. · $166,592 million | 88.4% versus #2 · Lowe's Companies, Inc. | 7/8 recent comparable periods | 3/4 companies · 78 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. The Home Depot, Inc. (HD): ₹1.7 L Cr
2. Lowe's Companies, Inc. (LOW): ₹88.4K Cr
3. Haverty Furniture Companies, Inc. (HVT-A): ₹766 Cr

### Revenue growth — fastest growers
1. Haverty Furniture Companies, Inc. (HVT-A): 6.2%
2. Lowe's Companies, Inc. (LOW): 6.2%
3. The Home Depot, Inc. (HD): 2.2%

### 20-quarter Revenue history
- HD: Sep 2021 ₹41.1K Cr | Dec 2021 ₹36.8K Cr | Mar 2022 ₹35.7K Cr | Jun 2022 ₹38.9K Cr | Sep 2022 ₹43.8K Cr | Dec 2022 ₹38.9K Cr | Mar 2023 ₹35.8K Cr | Jun 2023 ₹37.3K Cr | Sep 2023 ₹42.9K Cr | Dec 2023 ₹37.7K Cr | Mar 2024 ₹34.8K Cr | Jun 2024 ₹36.4K Cr | Sep 2024 ₹43.2K Cr | Dec 2024 ₹40.2K Cr | Mar 2025 ₹39.7K Cr | Jun 2025 ₹39.9K Cr | Sep 2025 ₹45.3K Cr | Dec 2025 ₹41.4K Cr | Mar 2026 ₹38.2K Cr | Jun 2026 ₹41.8K Cr
- LOW: Sep 2021 ₹27.6K Cr | Dec 2021 ₹22.9K Cr | Mar 2022 ₹21.3K Cr | Jun 2022 ₹23.7K Cr | Sep 2022 ₹27.5K Cr | Dec 2022 ₹23.5K Cr | Mar 2023 ₹22.4K Cr | Jun 2023 ₹22.3K Cr | Sep 2023 ₹25.0K Cr | Dec 2023 ₹20.5K Cr | Mar 2024 ₹18.6K Cr | Jun 2024 ₹21.4K Cr | Sep 2024 ₹23.6K Cr | Dec 2024 ₹20.2K Cr | Mar 2025 ₹18.6K Cr | Jun 2025 ₹20.9K Cr | Sep 2025 ₹24.0K Cr | Dec 2025 ₹20.8K Cr | Mar 2026 ₹20.6K Cr | Jun 2026 ₹23.1K Cr
- FND: Sep 2021 ₹860 Cr | Dec 2021 ₹914 Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹1.1K Cr | Sep 2022 ₹1.1K Cr | Dec 2022 ₹1.0K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.0K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.1K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 —
- HVT-A: Sep 2021 ₹260 Cr | Dec 2021 ₹266 Cr | Mar 2022 ₹239 Cr | Jun 2022 ₹253 Cr | Sep 2022 ₹274 Cr | Dec 2022 ₹281 Cr | Mar 2023 ₹225 Cr | Jun 2023 ₹206 Cr | Sep 2023 ₹220 Cr | Dec 2023 ₹211 Cr | Mar 2024 ₹184 Cr | Jun 2024 ₹179 Cr | Sep 2024 ₹176 Cr | Dec 2024 ₹184 Cr | Mar 2025 ₹182 Cr | Jun 2025 ₹181 Cr | Sep 2025 ₹194 Cr | Dec 2025 ₹202 Cr | Mar 2026 ₹189 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- HD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 6.5% | Dec 2022 5.6% | Mar 2023 0.3% | Jun 2023 -4.2% | Sep 2023 -2.0% | Dec 2023 -3.0% | Mar 2024 -2.9% | Jun 2024 -2.3% | Sep 2024 0.6% | Dec 2024 6.7% | Mar 2025 14% | Jun 2025 9.4% | Sep 2025 4.9% | Dec 2025 2.8% | Mar 2026 -3.8% | Jun 2026 4.8%
- LOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -0.3% | Dec 2022 2.5% | Mar 2023 5.2% | Jun 2023 -5.6% | Sep 2023 -9.2% | Dec 2023 -13% | Mar 2024 -17% | Jun 2024 -4.4% | Sep 2024 -5.5% | Dec 2024 -1.5% | Mar 2025 -0.3% | Jun 2025 -2.0% | Sep 2025 1.6% | Dec 2025 3.2% | Mar 2026 11% | Jun 2026 10%
- FND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 28% | Dec 2022 15% | Mar 2023 9.0% | Jun 2023 4.2% | Sep 2023 0.9% | Dec 2023 0.0% | Mar 2024 -2.2% | Jun 2024 -0.3% | Sep 2024 0.9% | Dec 2024 5.6% | Mar 2025 5.8% | Jun 2025 7.2% | Sep 2025 5.6% | Dec 2025 2.1% | Mar 2026 -0.8% | Jun 2026 —
- HVT-A: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.2% | Sep 2022 5.4% | Dec 2022 5.6% | Mar 2023 -5.9% | Jun 2023 -19% | Sep 2023 -20% | Dec 2023 -25% | Mar 2024 -18% | Jun 2024 -13% | Sep 2024 -20% | Dec 2024 -13% | Mar 2025 -1.1% | Jun 2025 1.1% | Sep 2025 10% | Dec 2025 9.8% | Mar 2026 3.9% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: The Home Depot, Inc. leads opm at 11.9%; Haverty Furniture Companies, Inc. leads margin change at +0.4 percentage points.

Investor read: The Home Depot, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: The Home Depot, Inc. · 11.9% | 7.2% versus #2 · Lowe's Companies, Inc. | 0/8 recent comparable periods | 4/4 companies · 78 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. The Home Depot, Inc. (HD): 12%
2. Lowe's Companies, Inc. (LOW): 11%
3. Floor & Decor Holdings, Inc. (FND): 4.5%
4. Haverty Furniture Companies, Inc. (HVT-A): 2.6%

### Margin change — fastest expanders
1. Haverty Furniture Companies, Inc. (HVT-A): +0.4 pp
2. Lowe's Companies, Inc. (LOW): −0.8 pp
3. Floor & Decor Holdings, Inc. (FND): −1.0 pp
4. The Home Depot, Inc. (HD): −1.0 pp

### 20-quarter OPM history
- HD: Sep 2021 16% | Dec 2021 16% | Mar 2022 14% | Jun 2022 15% | Sep 2022 17% | Dec 2022 16% | Mar 2023 13% | Jun 2023 15% | Sep 2023 15% | Dec 2023 14% | Mar 2024 12% | Jun 2024 14% | Sep 2024 15% | Dec 2024 14% | Mar 2025 11% | Jun 2025 13% | Sep 2025 15% | Dec 2025 13% | Mar 2026 10% | Jun 2026 12%
- LOW: Sep 2021 15% | Dec 2021 12% | Mar 2022 8.7% | Jun 2022 14% | Sep 2022 15% | Dec 2022 3.9% | Mar 2023 7.6% | Jun 2023 15% | Sep 2023 16% | Dec 2023 13% | Mar 2024 9.1% | Jun 2024 12% | Sep 2024 15% | Dec 2024 13% | Mar 2025 9.9% | Jun 2025 12% | Sep 2025 15% | Dec 2025 12% | Mar 2026 8.3% | Jun 2026 11%
- FND: Sep 2021 12% | Dec 2021 6.7% | Mar 2022 9.1% | Jun 2022 9.8% | Sep 2022 9.3% | Dec 2022 9.0% | Mar 2023 8.5% | Jun 2023 8.4% | Sep 2023 7.7% | Dec 2023 4.4% | Mar 2024 5.4% | Jun 2024 6.3% | Sep 2024 5.9% | Dec 2024 5.3% | Mar 2025 5.5% | Jun 2025 6.7% | Sep 2025 6.1% | Dec 2025 4.6% | Mar 2026 4.5% | Jun 2026 —
- HVT-A: Sep 2021 12% | Dec 2021 12% | Mar 2022 11% | Jun 2022 11% | Sep 2022 12% | Dec 2022 11% | Mar 2023 6.4% | Jun 2023 7.2% | Sep 2023 9.6% | Dec 2023 7.9% | Mar 2024 0.9% | Jun 2024 2.8% | Sep 2024 3.0% | Dec 2024 4.4% | Mar 2025 2.2% | Jun 2025 1.6% | Sep 2025 2.7% | Dec 2025 4.7% | Mar 2026 2.6% | Jun 2026 —

### 20-quarter Margin change history
- HD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.4 pp | Dec 2022 +0.1 pp | Mar 2023 −0.2 pp | Jun 2023 −0.3 pp | Sep 2023 −1.1 pp | Dec 2023 −1.5 pp | Mar 2024 −1.4 pp | Jun 2024 −1.0 pp | Sep 2024 −0.3 pp | Dec 2024 −0.8 pp | Mar 2025 −0.6 pp | Jun 2025 −1.0 pp | Sep 2025 −0.6 pp | Dec 2025 −0.6 pp | Mar 2026 −1.2 pp | Jun 2026 −1.0 pp
- LOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 −8.3 pp | Mar 2023 −1.1 pp | Jun 2023 +0.7 pp | Sep 2023 +0.2 pp | Dec 2023 +9.3 pp | Mar 2024 +1.5 pp | Jun 2024 −2.3 pp | Sep 2024 −1.0 pp | Dec 2024 −0.6 pp | Mar 2025 +0.8 pp | Jun 2025 −0.5 pp | Sep 2025 −0.1 pp | Dec 2025 −0.7 pp | Mar 2026 −1.6 pp | Jun 2026 −0.8 pp
- FND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.2 pp | Dec 2022 +2.3 pp | Mar 2023 −0.6 pp | Jun 2023 −1.4 pp | Sep 2023 −1.6 pp | Dec 2023 −4.6 pp | Mar 2024 −3.1 pp | Jun 2024 −2.1 pp | Sep 2024 −1.8 pp | Dec 2024 +0.9 pp | Mar 2025 +0.1 pp | Jun 2025 +0.4 pp | Sep 2025 +0.2 pp | Dec 2025 −0.7 pp | Mar 2026 −1.0 pp | Jun 2026 —
- HVT-A: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −0.3 pp | Sep 2022 −0.5 pp | Dec 2022 −0.7 pp | Mar 2023 −4.3 pp | Jun 2023 −4.1 pp | Sep 2023 −2.1 pp | Dec 2023 −3.4 pp | Mar 2024 −5.5 pp | Jun 2024 −4.4 pp | Sep 2024 −6.6 pp | Dec 2024 −3.5 pp | Mar 2025 +1.3 pp | Jun 2025 −1.2 pp | Sep 2025 −0.3 pp | Dec 2025 +0.3 pp | Mar 2026 +0.4 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: The Home Depot, Inc. leads with $14,012 million of TTM profit, 111% above Lowe's Companies, Inc.. Haverty Furniture Companies, Inc. shows 0% growth from a $21 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: The Home Depot, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: The Home Depot, Inc. · $14,012 million | 111% versus #2 · Lowe's Companies, Inc. | 1/8 recent comparable periods | 3/4 companies · 78 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. The Home Depot, Inc. (HD): ₹14.0K Cr
2. Lowe's Companies, Inc. (LOW): ₹6.6K Cr
3. Haverty Furniture Companies, Inc. (HVT-A): ₹21 Cr

### Profit growth — fastest growers
1. Haverty Furniture Companies, Inc. (HVT-A): 0.0%
2. Lowe's Companies, Inc. (LOW): -2.9%
3. The Home Depot, Inc. (HD): -4.3%

### 20-quarter Net profit history
- HD: Sep 2021 ₹4.8K Cr | Dec 2021 ₹4.1K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹4.2K Cr | Sep 2022 ₹5.2K Cr | Dec 2022 ₹4.3K Cr | Mar 2023 ₹3.4K Cr | Jun 2023 ₹3.9K Cr | Sep 2023 ₹4.7K Cr | Dec 2023 ₹3.8K Cr | Mar 2024 ₹2.8K Cr | Jun 2024 ₹3.6K Cr | Sep 2024 ₹4.6K Cr | Dec 2024 ₹3.6K Cr | Mar 2025 ₹3.0K Cr | Jun 2025 ₹3.4K Cr | Sep 2025 ₹4.6K Cr | Dec 2025 ₹3.6K Cr | Mar 2026 ₹2.6K Cr | Jun 2026 ₹3.3K Cr
- LOW: Sep 2021 ₹3.0K Cr | Dec 2021 ₹1.9K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹2.3K Cr | Sep 2022 ₹3.0K Cr | Dec 2022 ₹154 Cr | Mar 2023 ₹958 Cr | Jun 2023 ₹2.3K Cr | Sep 2023 ₹2.7K Cr | Dec 2023 ₹1.8K Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹1.8K Cr | Sep 2024 ₹2.4K Cr | Dec 2024 ₹1.7K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.6K Cr | Sep 2025 ₹2.4K Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹1.0K Cr | Jun 2026 ₹1.6K Cr
- FND: Sep 2021 ₹83 Cr | Dec 2021 ₹60 Cr | Mar 2022 ₹71 Cr | Jun 2022 ₹82 Cr | Sep 2022 ₹76 Cr | Dec 2022 ₹69 Cr | Mar 2023 ₹72 Cr | Jun 2023 ₹71 Cr | Sep 2023 ₹66 Cr | Dec 2023 ₹37 Cr | Mar 2024 ₹50 Cr | Jun 2024 ₹57 Cr | Sep 2024 ₹52 Cr | Dec 2024 ₹47 Cr | Mar 2025 ₹49 Cr | Jun 2025 ₹63 Cr | Sep 2025 ₹57 Cr | Dec 2025 ₹39 Cr | Mar 2026 ₹40 Cr | Jun 2026 —
- HVT-A: Sep 2021 ₹24 Cr | Dec 2021 ₹24 Cr | Mar 2022 ₹19 Cr | Jun 2022 ₹22 Cr | Sep 2022 ₹25 Cr | Dec 2022 ₹24 Cr | Mar 2023 ₹12 Cr | Jun 2023 ₹12 Cr | Sep 2023 ₹17 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹5 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹5 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹4 Cr | Jun 2026 —

### 20-quarter Profit growth history
- HD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 7.6% | Dec 2022 5.1% | Mar 2023 0.3% | Jun 2023 -8.5% | Sep 2023 -9.9% | Dec 2023 -12% | Mar 2024 -17% | Jun 2024 -7.1% | Sep 2024 -2.1% | Dec 2024 -4.3% | Mar 2025 7.0% | Jun 2025 -4.6% | Sep 2025 -0.2% | Dec 2025 -1.3% | Mar 2026 -14% | Jun 2026 -4.2%
- LOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -0.9% | Dec 2022 -92% | Mar 2023 -21% | Jun 2023 -3.1% | Sep 2023 -11% | Dec 2023 1,051% | Mar 2024 6.5% | Jun 2024 -22% | Sep 2024 -11% | Dec 2024 -4.4% | Mar 2025 10% | Jun 2025 -6.5% | Sep 2025 0.6% | Dec 2025 -4.7% | Mar 2026 -11% | Jun 2026 -0.8%
- FND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -8.4% | Dec 2022 15% | Mar 2023 1.4% | Jun 2023 -13% | Sep 2023 -13% | Dec 2023 -46% | Mar 2024 -31% | Jun 2024 -20% | Sep 2024 -21% | Dec 2024 27% | Mar 2025 -2.0% | Jun 2025 11% | Sep 2025 9.6% | Dec 2025 -17% | Mar 2026 -18% | Jun 2026 —
- HVT-A: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -4.4% | Sep 2022 4.2% | Dec 2022 0.0% | Mar 2023 -37% | Jun 2023 -45% | Sep 2023 -32% | Dec 2023 -38% | Mar 2024 -83% | Jun 2024 -67% | Sep 2024 -71% | Dec 2024 -47% | Mar 2025 100% | Jun 2025 -25% | Sep 2025 0.0% | Dec 2025 13% | Mar 2026 0.0% | Jun 2026 —

## Return On Capital Employed

What the numbers say: Lowe's Companies, Inc. leads ROCE at 8.9%, 1.8 percentage points above The Home Depot, Inc.. Floor & Decor Holdings, Inc. has the strongest latest improvement at +0.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Lowe's Companies, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Lowe's Companies, Inc. · 8.9% | 25.4% versus #2 · The Home Depot, Inc. | 3/8 recent comparable periods | 4/4 companies · 77 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Lowe's Companies, Inc. (LOW): 8.9%
2. The Home Depot, Inc. (HD): 7.1%
3. Floor & Decor Holdings, Inc. (FND): 2.9%
4. Haverty Furniture Companies, Inc. (HVT-A): 1.0%

### ROCE change — fastest improvers
1. Floor & Decor Holdings, Inc. (FND): +0.8 pp
2. Haverty Furniture Companies, Inc. (HVT-A): +0.2 pp
3. The Home Depot, Inc. (HD): −1.3 pp
4. Lowe's Companies, Inc. (LOW): −1.3 pp

### 20-quarter ROCE history
- HD: Sep 2021 — | Dec 2021 13% | Mar 2022 11% | Jun 2022 13% | Sep 2022 16% | Dec 2022 13% | Mar 2023 9.8% | Jun 2023 11% | Sep 2023 13% | Dec 2023 10% | Mar 2024 7.7% | Jun 2024 9.6% | Sep 2024 11% | Dec 2024 9.0% | Mar 2025 7.4% | Jun 2025 8.4% | Sep 2025 9.5% | Dec 2025 7.6% | Mar 2026 5.5% | Jun 2026 7.1%
- LOW: Sep 2021 — | Dec 2021 9.3% | Mar 2022 7.0% | Jun 2022 12% | Sep 2022 16% | Dec 2022 3.4% | Mar 2023 6.9% | Jun 2023 12% | Sep 2023 15% | Dec 2023 10% | Mar 2024 6.7% | Jun 2024 10% | Sep 2024 13% | Dec 2024 9.9% | Mar 2025 7.2% | Jun 2025 10% | Sep 2025 13% | Dec 2025 8.4% | Mar 2026 5.8% | Jun 2026 8.9%
- FND: Sep 2021 3.5% | Dec 2021 2.5% | Mar 2022 3.7% | Jun 2022 3.9% | Sep 2022 3.5% | Dec 2022 3.1% | Mar 2023 3.1% | Jun 2023 3.0% | Sep 2023 2.6% | Dec 2023 1.3% | Mar 2024 1.7% | Jun 2024 2.0% | Sep 2024 1.8% | Dec 2024 1.6% | Mar 2025 1.7% | Jun 2025 2.1% | Sep 2025 1.8% | Dec 2025 1.3% | Mar 2026 1.3% | Jun 2026 2.9%
- HVT-A: Sep 2021 6.3% | Dec 2021 6.7% | Mar 2022 5.3% | Jun 2022 5.6% | Sep 2022 6.3% | Dec 2022 6.5% | Mar 2023 2.9% | Jun 2023 3.0% | Sep 2023 4.1% | Dec 2023 3.3% | Mar 2024 0.3% | Jun 2024 1.0% | Sep 2024 1.0% | Dec 2024 1.6% | Mar 2025 0.8% | Jun 2025 0.6% | Sep 2025 1.0% | Dec 2025 1.9% | Mar 2026 1.0% | Jun 2026 —

### 20-quarter ROCE change history
- HD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −0.7 pp | Mar 2023 −0.9 pp | Jun 2023 −1.6 pp | Sep 2023 −2.5 pp | Dec 2023 −2.2 pp | Mar 2024 −2.1 pp | Jun 2024 −1.8 pp | Sep 2024 −2.4 pp | Dec 2024 −1.3 pp | Mar 2025 −0.3 pp | Jun 2025 −1.2 pp | Sep 2025 −1.3 pp | Dec 2025 −1.4 pp | Mar 2026 −1.9 pp | Jun 2026 −1.3 pp
- LOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −5.9 pp | Mar 2023 −0.1 pp | Jun 2023 +0.2 pp | Sep 2023 −1.0 pp | Dec 2023 +6.9 pp | Mar 2024 −0.2 pp | Jun 2024 −1.9 pp | Sep 2024 −1.7 pp | Dec 2024 −0.4 pp | Mar 2025 +0.5 pp | Jun 2025 +0.1 pp | Sep 2025 +0.5 pp | Dec 2025 −1.5 pp | Mar 2026 −1.4 pp | Jun 2026 −1.3 pp
- FND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +0.6 pp | Mar 2023 −0.6 pp | Jun 2023 −0.9 pp | Sep 2023 −0.9 pp | Dec 2023 −1.8 pp | Mar 2024 −1.4 pp | Jun 2024 −1.0 pp | Sep 2024 −0.8 pp | Dec 2024 +0.3 pp | Mar 2025 0.0 pp | Jun 2025 +0.1 pp | Sep 2025 0.0 pp | Dec 2025 −0.3 pp | Mar 2026 −0.4 pp | Jun 2026 +0.8 pp
- HVT-A: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.2 pp | Mar 2023 −2.4 pp | Jun 2023 −2.6 pp | Sep 2023 −2.2 pp | Dec 2023 −3.2 pp | Mar 2024 −2.6 pp | Jun 2024 −2.0 pp | Sep 2024 −3.1 pp | Dec 2024 −1.7 pp | Mar 2025 +0.5 pp | Jun 2025 −0.4 pp | Sep 2025 0.0 pp | Dec 2025 +0.3 pp | Mar 2026 +0.2 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Lowe's Companies, Inc. has the lowest comparable PEG at 1.07×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Lowe's Companies, Inc. · 1.07× | Not enough peers | 0/8 recent comparable periods | 1/4 companies · 5 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Lowe's Companies, Inc. (LOW): 1.1

### P/E — lowest P/E
1. Lowe's Companies, Inc. (LOW): 19.7
2. Haverty Furniture Companies, Inc. (HVT-A): 19.8
3. The Home Depot, Inc. (HD): 23.0
4. Floor & Decor Holdings, Inc. (FND): 27.1

### 20-quarter PEG history
- LOW: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.6 | Mar 2024 0.5 | Jun 2024 0.9 | Sep 2024 1.1 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- FND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 3.9 | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- HD: Sep 2021 — | Dec 2021 24.9 | Mar 2022 23.6 | Jun 2022 19.1 | Sep 2022 18.5 | Dec 2022 18.0 | Mar 2023 19.0 | Jun 2023 18.3 | Sep 2023 20.7 | Dec 2023 17.7 | Mar 2024 23.5 | Jun 2024 22.5 | Sep 2024 24.2 | Dec 2024 27.1 | Mar 2025 27.6 | Jun 2025 24.7 | Sep 2025 25.4 | Dec 2025 25.9 | Mar 2026 26.3 | Jun 2026 23.0
- LOW: Sep 2021 — | Dec 2021 20.3 | Mar 2022 19.5 | Jun 2022 16.1 | Sep 2022 15.1 | Dec 2022 19.5 | Mar 2023 21.2 | Jun 2023 20.0 | Sep 2023 22.0 | Dec 2023 15.0 | Mar 2024 16.6 | Jun 2024 18.6 | Sep 2024 19.9 | Dec 2024 21.9 | Mar 2025 21.3 | Jun 2025 18.8 | Sep 2025 18.6 | Dec 2025 19.8 | Mar 2026 22.5 | Jun 2026 19.7
- FND: Sep 2021 44.6 | Dec 2021 49.2 | Mar 2022 31.4 | Jun 2022 24.5 | Sep 2022 27.5 | Dec 2022 25.5 | Mar 2023 34.2 | Jun 2023 38.0 | Sep 2023 34.8 | Dec 2023 50.0 | Mar 2024 62.0 | Jun 2024 51.7 | Sep 2024 66.5 | Dec 2024 53.2 | Mar 2025 44.1 | Jun 2025 38.9 | Sep 2025 38.5 | Dec 2025 32.9 | Mar 2026 28.6 | Jun 2026 27.1
- HVT-A: Sep 2021 7.3 | Dec 2021 6.2 | Mar 2022 5.7 | Jun 2022 4.9 | Sep 2022 4.9 | Dec 2022 5.9 | Mar 2023 6.5 | Jun 2023 6.5 | Sep 2023 7.5 | Dec 2023 10.6 | Mar 2024 11.8 | Jun 2024 11.0 | Sep 2024 17.0 | Dec 2024 18.7 | Mar 2025 15.5 | Jun 2025 17.2 | Sep 2025 18.9 | Dec 2025 19.5 | Mar 2026 19.8 | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- The Home Depot, Inc. (HD) — market value ₹3.5 L Cr; latest fundamentals Jun 2026
- Lowe's Companies, Inc. (LOW) — market value ₹1.2 L Cr; latest fundamentals Jun 2026
- Floor & Decor Holdings, Inc. (FND) — market value ₹6.5K Cr; latest fundamentals Jun 2026
- Haverty Furniture Companies, Inc. (HVT-A) — market value ₹458 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Home Improvement Retail sector outperforming S&P 500?

Home Improvement Retail has underperformed S&P 500 by 21% over 52 weeks and 6.8% over 13 weeks. 0 of 3 covered companies beat the S&P 500 on Mansfield relative strength, while 0 of 3 beat the sector itself.

### Which Home Improvement Retail company is largest by revenue?

The Home Depot, Inc. leads with revenue of $166,592 million, based on 3 of 4 comparable companies through Jun 2026.

### Which Home Improvement Retail company is growing fastest?

Haverty Furniture Companies, Inc. has the fastest current revenue growth at 6.2%, across 3 of 4 comparable companies.

### Which Home Improvement Retail company has the strongest 4-Factor Sector Score?

Floor & Decor Holdings, Inc. ranks first at 40.1/100 with 54.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Home Improvement Retail company has the lowest comparable PEG?

Lowe's Companies, Inc. has the lowest comparable PEG at 1.07, among 1 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Home Improvement Retail comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Which Home Improvement Retail company is the biggest?

The Home Depot, Inc. is the largest, with trailing-twelve-month revenue of $166,592 million, ahead of Lowe's Companies, Inc. at $88,435 million. That covers 3 of 4 companies with comparable reporting through Jun 2026.

### Which Home Improvement Retail company has the best profit margins?

The Home Depot, Inc. has the highest operating margin at 11.9%, from 4 of 4 comparable companies. Haverty Furniture Companies, Inc. shows the biggest recent improvement, at +0.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Home Improvement Retail company makes the most profit?

The Home Depot, Inc. earns the most, at $14,012 million of trailing-twelve-month net profit, from 3 of 4 comparable companies. Haverty Furniture Companies, Inc. has the fastest profit growth at 0%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Home Improvement Retail company earns the highest return on capital?

Lowe's Companies, Inc. leads on return on capital employed at 8.9%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Home Improvement Retail stock is the cheapest?

On PEG — where a LOWER number is cheaper — Lowe's Companies, Inc. screens cheapest at 1.07×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Home Improvement Retail sector beating the market?

Home Improvement Retail has underperformed S&P 500 by 21% over the last 52 weeks and 6.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Home Improvement Retail stock has the strongest price momentum?

The Home Depot, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Home Improvement Retail company scores highest for research priority?

Floor & Decor Holdings, Inc. scores 40.1 out of 100 with 54.8% evidence confidence, from 17.3 points on growth and earnings, 6.8 on capital efficiency, 10 on valuation and 6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Home Improvement Retail companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Home Improvement Retail sector?

The 4 Home Improvement Retail companies on this page carry $476,437 million of combined market value. The Home Depot, Inc. is the largest at $347,236 million, about 73% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### How is the Home Improvement Retail sector performing?

0 of the 3 covered Home Improvement Retail companies are beating S&P 500 on Mansfield relative strength. The sector itself is 21% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Home Improvement Retail stocks are listed in the US?

This comparison covers 4 listed Home Improvement Retail companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.