Home Depot Inc.’s HD fourth-quarter fiscal 2025 results suggest a company navigating a muted housing backdrop, while doubling down on strategic investments to unlock its next growth phase. Fiscal 2025 sales rose 3.2% to $164.7 billion, but comparable sales growth remained modest at 0.3%, reflecting continued pressure from high mortgage rates, low housing turnover and cautious consumer spending.

Against this backdrop, management is leaning heavily on long-term initiatives, particularly in its Pro ecosystem, digital capabilities and supply chain, to drive share gains. Investments in tools like AI-powered project management, enhanced order management and improved delivery reliability are already boosting engagement among professional…