• Home Depot average net profit margin for 2023 was 10.58%, a 2.58% decline from 2022.
• Home Depot average net profit margin for 2022 was 10.86%, a 4.62% decline from 2021.
• Home Depot average net profit margin for 2021 was 10.38%, a 4.22% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.