The home improvement retailer also reported an 8.9% increase in U.S. comparable-store sales.
Investors might be wondering if there's something wrong with that press release because retailers simply don't report those kind of numbers in the U.S., TheStreet's Jim Cramer said on CNBC's Squawk on the Street.
He compared the retailer to "Butch Cassidy and the Sundance Kid," noting, "At one point [investors] just say, who are those guys and how do they do it?"
Although Macy's (M) similarly reported a 2015 fourth quarter earnings and revenue beat this morning, the retailer has continually cut its forecasts, Cramer pointed out. Conversely, Home Depot has reported comparable-store sales growth that has been "gigantic" during the past two years.
"People want to spend on their homes, and they're spending at Home Depot," he stated.
Home Depot's big spring selling season hasn't even happened yet, Cramer pointed out.
"Home Depot likes to set the bar low for its spring selling season then they blow it away," he continued. "Anyone who does planting like I do, Home Depot is where you go."
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A-.
Home Depot's strengths such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and notable return on equity outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: HD
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.