Home Depot vs Target Business Model (2026)
Home Depot earns most from Primary segment (The Home Depot) (92.3%), while Target earns most from Food and beverage (23.0%). Computed from Home Depot 10-K FY2025 and Target 10-K FY2025.
Last checked 2026-10-18 on the official pages.
Home Depot
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Primary segment (The Home Depot) | $151,966 million ($152.0 billion) | 92.3% | 10-K FY2025 ↗ |
| Other | $12,717 million ($12.7 billion) | 7.7% | 10-K FY2025 ↗ |
| Total revenue | $164,683 million ($164.7 billion) | — | 10-K FY2025 ↗ |
Target
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Apparel & accessories | $15,737 million ($15.7 billion) | 15.0% | 10-K FY2025 ↗ |
| Beauty | $13,214 million ($13.2 billion) | 12.6% | 10-K FY2025 ↗ |
| Food and beverage | $24,136 million ($24.1 billion) | 23.0% | 10-K FY2025 ↗ |
| Hardlines | $15,800 million ($15.8 billion) | 15.1% | 10-K FY2025 ↗ |
| Home furnishings & décor | $15,608 million ($15.6 billion) | 14.9% | 10-K FY2025 ↗ |
| Household essentials | $18,017 million ($18.0 billion) | 17.2% | 10-K FY2025 ↗ |
| Other merchandise | $205 million | 0.2% | 10-K FY2025 ↗ |
| Advertising | $915 million | 0.9% | 10-K FY2025 ↗ |
| Credit card profit sharing | $522 million | 0.5% | 10-K FY2025 ↗ |
| Other revenue | $626 million | 0.6% | 10-K FY2025 ↗ |
| Total revenue | $104,780 million ($104.8 billion) | — | 10-K FY2025 ↗ |
Shared business models
Company and model pages
Home Depot: Retail margin
Target: Retail margin
Frequently asked questions
How does Home Depot make money?
Home Depot makes money mainly from Primary segment (The Home Depot). Its FY2025 total revenue was $164,683 million ($164.7 billion), with Primary segment (The Home Depot) the biggest disclosed revenue line at $151,966 million ($152.0 billion) and 92.3% of total revenue (computed from the 10-K FY2025). Home Depot earns revenue by selling merchandise and performing services.
How does Target make money?
Target makes money mainly from Food and beverage. Its FY2025 total revenue was $104,780 million ($104.8 billion), with Food and beverage the biggest disclosed revenue line at $24,136 million ($24.1 billion) and 23.0% of total revenue (computed from the 10-K FY2025). Target supplements merchandise sales with advertising and credit card profit-sharing income.