Which was the better investment since 2023, Home Depot or Walmart?

Walmart was the better investment. $1,000 invested in Walmart in 2023 would be worth $2,459 today, compared to $1,182 for Home Depot.

What would $1,000 in Home Depot vs Walmart be worth today?

$1,000 invested in Home Depot in 2023 would be worth $1,182 today (+18.2%). The same $1,000 in Walmart would be worth $2,459 (+145.9%).

How do Home Depot and Walmart compare to the S&P 500 since 2023?

The same $1,000 invested in the S&P 500 in 2023 would be worth $1,916 today (+91.6%). Home Depot returned $1,182 and Walmart returned $2,459 over the same period.

Home Depot vs Walmart: $1,000 invested since 2023

HD vs WMT · Data through 2026-06-01

Investment amount

$1,000 invested in 2023 would be worth

Home Depot

$1,182

+18.2%

WalmartWinner

$2,460

+146.0%

The same $1,000 in the S&P 500 would be worth $1,916(+91.6%)

Growth of $1,000

Home Depot vs. Walmart vs. S&P 500, 2023 to present

Year-by-year comparison

Home Depot vs. Walmart, 2023 to present

Year	Home Depot	Return	Walmart	Return	S&P 500
2023	$1,000	-	$1,000	-	$1,000
2024	$1,119	+11.9%	$1,166	+16.6%	$1,206
2025	$1,338	+19.6%	$2,103	+80.3%	$1,522
2026	$1,247	-6.8%	$2,577	+22.5%	$1,771

Which came out ahead

Starting in 2023, Walmart (WMT) was the better of the two against Home Depot (HD). That $1,000 grew to $2,459 in WMT versus $1,182 in HD as of 2026-06-01, roughly $1,277 more in the end.

Stacked side by side, the totals tell the same story. Walmart returned +145.9% against Home Depot at +18.2%, a gap of about 127.7 percentage points over the 3.6-year window. Compounded, that is about 28.5% a year for WMT against 4.8% for HD.

Walmart cleared a plain S&P 500 fund over the same span while Home Depot fell short of it. The index would have grown that $1,000 to about $1,916, compounding near 19.9% a year. The ride was not equally smooth. Walmart moved across a far wider band of yearly returns than Home Depot did. All figures use split-adjusted closing prices and exclude dividends, taxes, fees, and inflation, so a real after-tax result would differ.

This is a record of what already happened, not financial advice or a recommendation of either name. Past performance does not guarantee future results.

Other start years

Home Depot vs Walmart from a different starting point

Since 2000 Since 2005 Since 2010 Since 2015 Since 2020

Individual stock pages

Home Depot since 2023+18.2%Walmart since 2023+145.9%

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For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.