Benzinga | Dec 1, 2021 01:15PM EST

Here's How Much $1000 Invested In Home Depot 10 Years Ago Would Be Worth Today

Home Depot (NYSE:HD) has outperformed the market over the past 10 years by 12.19% on an annualized basis.

Buying $1,000.00 In HD: 10 years ago, an investor could have purchased 24.86 shares of Home Depot at the time with $1,000.00. This investment in HD would have produced an average annual return of 26.08%. Currently, Home Depot has a market capitalization of $427.79 billion.

Home Depot's Share Price Over Last 10 Years

If you had invested $1,000.00 in Home Depot you would have approximately $12,661.68 today.

In other words, you would have more than 10X'd your money.

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

You can check out Benzinga's market data in an enhanced view on Benzinga Pro

This article was generated by Benzinga's automated content engine and reviewed by an editor.