Lowe's Companies Inc. (LOW) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$4.22	$4.4	+4.3%	—	$26B	—
Q1 27	$2.97	$3.03	+2.0%	—	$23.1B	—
Q4 26	$1.94	$1.98	+2.1%	—	$20.6B	—
Q3 26	$2.95	$3.06	+3.7%	—	$20.8B	—
Q2 26	$4.24	$4.33	+2.1%	—	$24B	—
Q1 26	$2.88	$2.92	+1.4%	—	$20.9B	—
Q4 25	$1.84	$1.93	+4.9%	—	$18.6B	—
Q3 25	$2.81	$2.89	+2.8%	—	$20.2B	—
Q2 25	$4	$4.1	+2.5%	—	$23.6B	—
Q1 25	$2.95	$3.06	+3.7%	—	$21.4B	—
Q4 24	$1.68	$1.77	+5.4%	—	$18.6B	—
Q3 24	$3.03	$3.06	+1.0%	—	$20.5B	—
Q2 24	$4.48	$4.56	+1.8%	—	$25B	—
Q1 24	$3.45	$3.67	+6.4%	—	$22.3B	—
Q4 23	$2.21	$2.28	+3.2%	—	$22.4B	—
Q3 23	$3.09	$3.27	+5.8%	—	$23.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$11.9	—	—	$86.3B	—
FY25	—	$12.3	—	—	$83.7B	—
FY24	—	$13.2	—	—	$86.4B	—
FY23	—	$10.2	—	—	$97.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$65B	$68.6B	$71.3B	$72.1B	$89.6B	$96.3B	$97.1B	$86.4B	$83.7B	$86.3B
YoY change	+10.1%	+5.54%	+3.92%	+1.18%	+24.2%	+7.43%	+0.84%	-11%	-3.13%	+3.12%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	65B	68.6B	71.3B	72.1B	89.6B	96.3B	97.1B	86.4B	83.7B	86.3B
Cost of revenue	43.3B	46.2B	48.4B	49.2B	60B	64.2B	64.8B	57.5B	55.8B	57.4B
Gross profit	21.7B	22.4B	22.9B	22.9B	29.6B	32.1B	32.3B	28.8B	27.9B	28.9B
Gross margin	33.3%	32.7%	32.1%	31.8%	33%	33.3%	33.2%	33.4%	33.3%	33.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	14.4B	14.4B	17.4B	15.4B	18.5B	18.3B	20.3B	15.6B	15.7B	16.8B
Operating expenses	14.4B	14.4B	17.4B	15.4B	18.5B	18.3B	20.3B	15.6B	15.7B	16.8B
Operating income	5.8B	6.6B	4B	6.3B	9.6B	12.1B	10.2B	11.6B	10.5B	10.2B
Operating margin	8.99%	9.6%	5.63%	8.75%	10.8%	12.6%	10.5%	13.4%	12.5%	11.8%
Non-operating income, net	—	-464M	—	—	-1.1B	—	—	—	—	—
Pretax income	5.2B	5.5B	3.4B	5.6B	7.7B	11.2B	9B	10.2B	9.2B	8.7B
Income tax	2.1B	2B	1.1B	1.3B	1.9B	2.8B	2.6B	2.4B	2.2B	2.1B
Net income	3.1B	3.4B	2.3B	4.3B	5.8B	8.4B	6.4B	7.7B	7B	6.7B
Net margin	4.76%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%	7.71%
EBITDA	7.4B	8.1B	5.7B	7.8B	11.3B	14B	12.2B	13.6B	12.6B	12.5B
EPS	3.48	4.09	2.84	5.49	7.77	12.1	10.2	13.2	12.3	11.9
Diluted EPS	3.47	4.09	2.84	5.49	7.75	12	10.2	13.2	12.2	11.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	20.5B	18.6B	21.4B	23.6B	20.2B	18.6B	20.9B	24B	20.8B	20.6B	23.1B	26B
Cost of revenue	13.6B	12.6B	14.3B	15.7B	13.4B	12.5B	13.9B	15.9B	13.7B	13.9B	15.5B	17.4B
Gross profit	6.9B	6B	7.1B	7.9B	6.8B	6.1B	7B	8.1B	7.1B	6.7B	7.5B	8.6B
Gross margin	33.7%	32.4%	33.2%	33.5%	33.7%	32.9%	33.4%	33.8%	34.2%	32.5%	32.7%	33%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.8B	3.9B	4B	4B	3.8B	3.8B	4B	4.2B	4.2B	4.4B	4.4B	4.5B
Operating expenses	3.8B	3.9B	4B	4B	3.8B	3.8B	4B	4.2B	4.2B	4.4B	4.4B	4.5B
Operating income	2.7B	1.7B	2.7B	3.4B	2.5B	1.8B	2.5B	3.5B	2.5B	1.7B	2.6B	3.5B
Operating margin	13.2%	9.07%	12.4%	14.6%	12.6%	9.86%	11.9%	14.5%	11.9%	8.3%	11.1%	13.7%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	2.4B	1.3B	2.3B	3.1B	2.2B	1.5B	2.2B	3.2B	2.1B	1.3B	2.2B	3.2B
Income tax	578M	319M	546M	747M	524M	378M	516M	758M	513M	304M	527M	776M
Net income	1.8B	1B	1.8B	2.4B	1.7B	1.1B	1.6B	2.4B	1.6B	1B	1.6B	2.4B
Net margin	8.66%	5.48%	8.21%	10.1%	8.4%	6.06%	7.84%	10%	7.76%	4.86%	7.05%	9.24%
EBITDA	3.2B	2.2B	3.2B	4B	3.1B	2.4B	3B	4B	3.1B	2.4B	3.2B	4.2B
EPS	3.07	1.77	3.06	4.18	2.99	2	2.93	4.28	2.88	1.78	2.9	4.28
Diluted EPS	3.06	1.77	3.06	4.17	2.99	1.99	2.92	4.27	2.88	1.78	2.9	4.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	64.3B	87.9B	78B	90.3B	124.8B	165.2B	131B	123.9B	147.4B	149.3B	105.3B
Enterprise value	79.4B	104.3B	93.5B	113.2B	145.8B	193.2B	167.6B	163.1B	185.4B	193B	145.1B
Shares outstanding	880M	839M	811M	777M	748M	696M	629M	582M	567M	559M	559M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	20.8	25.5	33.7	21.1	21.4	19.6	20.3	16	21.2	22.4	16
P/S	0.99	1.28	1.09	1.25	1.39	1.72	1.35	1.43	1.76	1.73	1.17
P/B	10	15	21.4	45.8	86.9	-34.3	-9.19	-8.23	-10.4	-15.1	-14.1
EV/EBITDA	10.7	12.8	16.5	14.6	12.9	13.8	13.8	12	14.7	15.5	11.4
EV/Sales	1.22	1.52	1.31	1.57	1.63	2.01	1.73	1.89	2.22	2.24	1.6
Earnings yield	4.81%	3.92%	2.97%	4.74%	4.68%	5.11%	4.91%	6.24%	4.72%	4.46%	6.25%
FCF yield	6.92%	4.49%	6.44%	3.11%	7.42%	5%	5.16%	4.99%	5.22%	5.13%	4.38%
PEG	—	—	—	—	—	—	—	—	—	—	14.5

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	33.3%	32.7%	32.1%	31.8%	33%	33.3%	33.2%	33.4%	33.3%	33.5%	33%
Operating margin	8.99%	9.6%	5.63%	8.75%	10.8%	12.6%	10.5%	13.4%	12.5%	11.8%	13.4%
Net margin	4.76%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%	7.71%	7.35%
ROE	48.1%	58.7%	63.5%	217.1%	406.1%	-175.3%	-45.2%	-51.3%	-48.9%	-67.1%	-66.9%
ROA	8.99%	9.77%	6.71%	10.8%	12.5%	18.9%	14.7%	18.5%	16.1%	12.3%	12.5%
ROIC	16.1%	18.6%	14.3%	19.3%	32.4%	39.3%	32.3%	36.3%	33.6%	22.9%	24.8%
Return on tangible assets	9.59%	10.5%	6.83%	11%	12.8%	19.5%	14.7%	18.5%	16.1%	19.3%	18.2%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1	1.06	0.98	1.01	1.19	1.02	1.1	1.23	1.09	1.08	1.1
Quick ratio	0.13	0.11	0.11	0.14	0.33	0.12	0.15	0.14	0.16	0.19	0.27
Debt / equity	2.44	2.89	4.45	12	18.2	-6.1	-2.67	-2.67	-2.79	-4.51	-0.06
Debt / assets	0.46	0.48	0.47	0.6	0.56	0.66	0.87	0.96	0.92	0.83	0.75
Net debt / EBITDA	2.03	2.01	2.74	2.95	1.87	2	3.01	2.89	3.01	3.5	3.03
Interest coverage	8.92	9.46	6.21	8.83	9.88	13.5	8.79	7.86	7.22	6.73	6.44
Effective tax rate	40.5%	37.2%	31.8%	23.9%	24.6%	24.7%	28.8%	24.1%	24%	23.9%	24.2%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	73.9	81.8	87.9	92.9	119.8	138.3	154.3	148.4	147.6	154.4	161.8
EPS (basic)	3.48	4.09	2.84	5.49	7.77	12.1	10.2	13.2	12.3	11.9	11.9
EPS (diluted)	3.47	4.09	2.84	5.49	7.75	12	10.2	13.2	12.2	11.8	11.8
Book value per share	7.31	7	4.49	2.54	1.92	-6.92	-22.7	-25.9	-25.1	-17.7	-13.3
FCF per share	5.06	4.7	6.19	3.62	12.4	11.9	10.7	10.6	13.6	13.7	12.5
Cash per share	0.66	0.72	0.9	1.13	6.95	2.02	2.14	1.58	3.11	1.76	5.65
Capex per share	0.04	0.05	0.09	0.21	0.12	0.16	0.07	0.09	0.19	3.96	4.04

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.06%	0.07%	0.11%	0.23%	0.1%	0.12%	0.05%	0.06%	0.13%	2.56%	2.5%
Capex / operating cash flow	0.7%	0.95%	1.62%	3.9%	0.91%	1.12%	0.74%	0.65%	1.07%	22.4%	24.4%
Payout ratio	36.2%	37.4%	62.9%	37.8%	29.2%	23.5%	36.8%	32.8%	36.9%	39.6%	41%
Dividend yield	1.74%	1.47%	1.87%	1.79%	1.37%	1.2%	1.81%	2.04%	1.74%	1.77%	2.66%

Yield

2.66%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.25

ex-dividend Jul 22, 2026

Payout ratio

41%

of earnings

Dividend growth

11 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 22, 2026	$1.25
Apr 22, 2026	$1.20
Jan 21, 2026	$1.20

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$20.5B	$18.6B	$21.4B	$23.6B	$20.2B	$18.6B	$20.9B	$24B	$20.8B	$20.6B	$23.1B	$26B
YoY change	-12.8%	-17.1%	-4.4%	-5.49%	-1.47%	-0.26%	-2.03%	+1.58%	+3.19%	+10.9%	+10.3%	+8.34%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	577M	604M	729M	876M	5.2B	1.4B	1.3B	921M	1.8B	982M
Receivables	—	—	—	—	—	—	—	—	—	1.1B
Inventory	10.5B	11.4B	12.6B	13.2B	16.2B	17.6B	18.5B	16.9B	17.4B	17.3B
Total current assets	12B	12.8B	14.2B	15.3B	22.3B	20.1B	21.4B	19.1B	20.4B	21B
Property, plant & equipment	12.8B	11.7B	10.5B	15.2B	4.9B	4.7B	3.3B	3.3B	3B	3.7B
Goodwill & intangibles	2.2B	2.6B	606M	606M	1.1B	1.4B	—	—	—	19.7B
Total assets	34.4B	35.3B	34.5B	39.5B	46.7B	44.6B	43.7B	41.8B	43.1B	54.1B
Accounts payable	6.7B	6.6B	8.3B	7.7B	10.9B	11.4B	10.5B	8.7B	9.3B	9.8B
Short-term debt	1.3B	1.4B	1.8B	3B	1.7B	1.5B	1.6B	1B	3.1B	3.1B
Total current liabilities	12B	12.1B	14.5B	15.2B	18.7B	19.7B	19.5B	15.6B	18.8B	19.5B
Long-term debt	14.4B	15.6B	14.4B	20.7B	24.6B	27.9B	36.4B	39.1B	36.5B	41.5B
Total liabilities	28B	29.4B	30.9B	37.5B	45.3B	49.5B	58B	56.8B	57.3B	64.1B
Shareholders' equity	6.4B	5.9B	3.6B	2B	1.4B	-4.8B	-14.3B	-15.1B	-14.2B	-9.9B
Total debt	15.7B	17B	16.2B	23.8B	26.2B	29.4B	38B	40.1B	39.7B	44.7B
Net debt	15.1B	16.4B	15.7B	23B	21.5B	28.3B	36.6B	39.2B	37.9B	43.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	1.2B	921M	3.2B	4.4B	3.3B	1.8B	3.1B	4.9B	621M	982M	786M	3.2B
Receivables	—	—	—	—	—	—	—	—	1.2B	1.1B	1.2B	1.2B
Inventory	17.5B	16.9B	18.2B	16.8B	17.6B	17.4B	18.3B	16.3B	17.2B	17.3B	18.4B	17.7B
Total current assets	20B	19.1B	22.8B	22.3B	22B	20.4B	22.7B	22.6B	20.2B	21B	22.2B	23.3B
Property, plant & equipment	38.7B	3.3B	21.4B	21.3B	21.4B	3B	21.4B	21.6B	22.7B	3.7B	22.4B	22.3B
Goodwill & intangibles	—	—	—	—	—	—	—	3.3B	20B	19.7B	19.5B	19.3B
Total assets	42.5B	41.8B	45.4B	44.9B	44.7B	43.1B	45.4B	46.6B	53.5B	54.1B	54.9B	55.9B
Accounts payable	9.9B	8.7B	11.7B	10.3B	10.6B	9.3B	11.2B	9.5B	10.2B	9.8B	12B	11.1B
Short-term debt	1.1B	1B	1.8B	1.8B	3.1B	3.1B	4.7B	4.7B	3.1B	3.1B	1.9B	3.1B
Total current liabilities	16.5B	15.6B	19.5B	18.2B	19.4B	18.8B	22.4B	21.6B	19.5B	19.5B	20.3B	21.1B
Long-term debt	39B	39.1B	38.4B	38.4B	36.6B	36.5B	34.2B	34.3B	41.6B	41.5B	40.7B	38.9B
Total liabilities	57.7B	56.8B	60B	58.7B	58.2B	57.3B	58.6B	58B	63.8B	64.1B	64.2B	63.3B
Shareholders' equity	-15.1B	-15.1B	-14.6B	-13.8B	-13.4B	-14.2B	-13.3B	-11.4B	-10.4B	-9.9B	-9.3B	-7.4B
Total debt	40.1B	40.1B	40.2B	40.2B	39.7B	39.7B	39B	39.1B	44.7B	44.7B	42.5B	42B
Net debt	38.8B	39.2B	37B	35.9B	36.4B	37.9B	35.9B	34.2B	44.1B	43.7B	41.8B	38.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	3.1B	3.4B	2.3B	4.3B	5.8B	8.4B	6.4B	7.7B	7B	6.7B
Depreciation & amortization	1.6B	1.5B	1.6B	1.4B	1.6B	1.9B	2B	1.9B	2B	2.2B
Stock-based compensation	90M	99M	74M	98M	155M	230M	223M	210M	221M	247M
Change in working capital	371M	-496M	767M	-2.3B	1.9B	-1.1B	-2.9B	-2.2B	118M	-112M
Operating cash flow	5.3B	4.7B	4.7B	4.2B	9.8B	10.1B	6B	8.1B	9.8B	9.9B
Capital expenditure	37M	45M	76M	163M	90M	113M	45M	53M	105M	-2.2B
Investing cash flow	-2.2B	-318M	94M	115M	-103M	207M	520M	63M	189M	-12.3B
Dividends paid	-1.1B	-1.3B	-1.5B	-1.6B	-1.7B	-2B	-2.4B	-2.5B	-2.6B	-2.6B
Share repurchases	-3.6B	-3.2B	-3B	-4.3B	-5B	-13B	-14.1B	-6.1B	-4.1B	-211M
Financing cash flow	-2.2B	-3.7B	-5.2B	-2.9B	-5.3B	-12.1B	-7.2B	-6.8B	-7.2B	1.5B
Net change in cash	837M	678M	-459M	1.4B	4.4B	-1.9B	-630M	1.4B	2.8B	-1B
Free cash flow	4.5B	3.9B	5B	2.8B	9.3B	8.3B	6.8B	6.2B	7.7B	7.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	1.8B	1B	1.8B	2.4B	1.7B	1.1B	1.6B	2.4B	1.6B	1B	1.6B	2.4B
Depreciation & amortization	486M	496M	486M	481M	494M	511M	507M	515M	535M	637M	644M	648M
Stock-based compensation	47M	50M	55M	55M	54M	57M	58M	59M	60M	70M	65M	67M
Change in working capital	-1.4B	-653M	1.7B	215M	-962M	-842M	896M	1.2B	-1.7B	-547M	637M	403M
Operating cash flow	978M	1.1B	4.3B	3.2B	1.3B	997M	3.4B	4.2B	687M	1.6B	3.4B	3.7B
Capital expenditure	12M	24M	15M	7M	32M	51M	2M	-495M	-597M	-603M	-521M	-542M
Investing cash flow	-12M	25M	4M	4M	62M	130M	-15M	-501M	-9.4B	-634M	-507M	-257M
Dividends paid	-642M	-632M	-633M	-629M	-654M	-650M	-645M	-645M	-673M	-673M	-674M	-672M
Share repurchases	-1.6B	-201M	-923M	-1B	-751M	-1.4B	-112M	-1M	-98M	0	-363M	-3M
Financing cash flow	-2.8B	-864M	-1.6B	-1.7B	-1.9B	-2.1B	-1.6B	-683M	-2.6B	-696M	-3B	-704M
Net change in cash	-1.8B	236M	2.7B	1.5B	-479M	-940M	1.8B	3B	-11.2B	237M	-204M	2.7B
Free cash flow	485M	488M	3.9B	2.7B	728M	363M	2.9B	3.7B	90M	964M	2.8B	3.1B

Date	Ratio
Jul 3, 2006	2:1
Jul 2, 2001	2:1
Jun 29, 1998	2:1
Apr 4, 1994	2:1
Jun 29, 1992	2:1

Lowe's Companies Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history