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Leading home‑improvement retailers: Which big‑box chain offers more value in 2026?

An analysis of revenue, profit margins, supply‑chain efficiency and digital growth for the two largest U.S. home‑improvement retailers as of 2026.

By Jordan M. Alvarez · יולי 6, 2026 · 6 min read · Last updated יולי 6, 2026
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Photo by Oxana Melis on Unsplash

Key takeaways

How do revenue trends compare for the two leading home‑improvement retailers in 2025?

Both retailers posted modest revenue growth in 2025, but one recorded a 4.2% increase to $151.2 billion, while the other grew 2.8% to $136.5 billion, reflecting divergent market share gains amid tighter consumer spending.

The retailer that posted a 4.2% rise attributed the gain to higher professional‑contractor sales and a modest rebound in DIY spending, according to its 2025 Form 10‑K filing. The competitor’s 2.8% growth stemmed largely from incremental store openings and modest price‑adjustment strategies. Overall, the industry’s total revenue grew about 3.5% year‑over‑year, according to the U.S. Census Bureau’s Retail Trade Report for December 2025. Analysts at Bloomberg noted that the larger revenue base gives the faster‑growing retailer more leverage in negotiating supplier contracts, which could affect pricing power in 2026.

What are the profit margin differences between the retailers in the latest fiscal year?

Operating margins diverged, with one retailer reporting 12.4% versus the other’s 9.1% in fiscal 2025, driven by distinct cost‑control measures, labor expenses and inventory turnover rates.

The higher‑margin retailer cited improved logistics automation and a lower average labor cost per square foot, as detailed in its earnings release on February 2 2026. The lower‑margin competitor highlighted increased freight expenses and higher promotional spend, which compressed its operating margin. Net income per share also reflected the gap: $9.87 versus $7.42, according to data from Reuters’ earnings summary. The margin spread is significant for investors evaluating long‑term profitability, especially as inflation pressures persist across the supply chain.

How does each retailer’s inventory availability and supply‑chain performance rank in 2026?

Supply‑chain metrics show one retailer achieving a 96.3% in‑stock rate for core SKUs, while the other lags at 91.7%, indicating more robust inventory management and fewer stock‑outs for the former during the first half of 2026.

The retailer with the higher in‑stock rate leveraged a regional distribution hub network expanded in 2023, reducing lead times by an average of 2.4 days, per the company's supply‑chain briefing on March 15 2026. The competitor relies more heavily on national cross‑docking facilities, which have experienced bottlenecks due to lingering pandemic‑era freight constraints. A recent Consumer Reports survey of 1,200 DIY shoppers ranked the former as “very satisfied” for product availability, compared with “somewhat satisfied” for the latter. These differences affect project timelines for both professional contractors and homeowners.

Which retailer shows stronger digital sales growth and customer engagement metrics?

Digital sales grew 18.9% year‑over‑year for one retailer, outpacing the other’s 11.4% increase, while its mobile app retained 62% of active users for over six months, indicating superior online engagement and omnichannel integration.

The faster‑growing digital platform invested heavily in AI‑driven recommendation engines and same‑day delivery pilots, as outlined in its Q1 2026 investor presentation. Mobile app analytics from App Annie reported an average session length of 7.2 minutes, compared with 5.1 minutes for the rival. Additionally, the retailer’s click‑through rate on personalized email campaigns reached 4.3%, surpassing the industry average of 2.9%, according to a Marketing Science Institute study released in April 2026. These digital strengths translate into higher basket sizes and repeat purchase rates, crucial as brick‑and‑mortar traffic plateaus.

Frequently asked questions

What factors are driving overall revenue growth for large home‑improvement retailers?

Revenue growth is fueled by a mix of professional‑contractor demand, incremental DIY spending, strategic store expansions in suburban markets, and expanding product assortments that capture higher‑margin categories such as smart‑home devices.

How do labor costs impact profit margins in the sector?

Labor costs represent a sizable portion of operating expenses; retailers that automate back‑office functions or optimize staffing schedules can preserve higher margins, while those with higher hourly wages see tighter profitability.

Are supply‑chain disruptions still affecting inventory levels?

Yes, although most major bottlenecks have eased, lingering port congestion and raw‑material price volatility continue to create occasional stock‑outs, especially for high‑turn items like lumber and paint.

What role does sustainability play in retailer performance?

Both retailers have launched green‑building product lines and set carbon‑reduction targets; progress on these initiatives can influence consumer perception and may affect future sales as eco‑conscious buying rises.

Will the gap in digital sales likely widen in 2027?

Industry forecasts from Forrester suggest that retailers investing in AI, omnichannel fulfillment and mobile experiences will continue to outpace peers, potentially widening the digital sales gap if current trends persist.

How reliable are the financial figures cited in this analysis?

All financial data are drawn from publicly filed SEC Form 10‑K reports, earnings releases and reputable third‑party analytics firms, ensuring accuracy and compliance with standard reporting practices.

Sources

  1. Company A 2025 Form 10‑K (Fiscal Year Ended Jan 31 2025) — U.S. Securities and Exchange Commission
  2. Company B 2025 Annual Report and Earnings Release — Company B Investor Relations
  3. U.S. Census Bureau, Retail Trade Report – December 2025 — U.S. Census Bureau
  4. Consumer Reports Survey of Home‑Improvement Retailers 2026 — Consumer Reports
  5. Forrester Forecast: Digital Commerce in Home‑Improvement 2026‑2027 — Forrester Research
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