NYSE : LOW
Lowe's Companies, Inc. — Financial statements
Consumer Discretionary · Home Improvement Retail · United States
Last price 209.07 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 117.30B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Lowe's Companies, Inc. (LOW) reported revenue of 90.43B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 90.43B | 86.29B | 83.67B | 86.38B | 97.06B | 96.25B |
| Cost of Revenue | 60.59B | 57.40B | 55.80B | 57.53B | 64.80B | 64.19B |
| Gross Profit | 29.84B | 28.89B | 27.88B | 28.84B | 32.26B | 32.06B |
| Selling, General & Admin | 17.39B | 16.74B | 15.68B | 15.49B | 20.27B | 18.27B |
| Operating Expenses | 19.57B | 18.68B | 17.41B | 17.20B | 22.04B | 19.93B |
| Operating Income | 10.27B | 10.21B | 10.47B | 11.64B | 10.22B | 12.13B |
| Interest Expense | -1.61B | -1.53B | -1.47B | -1.48B | -1.16B | -897.00M |
| Interest & Investment Income | 81.00M | 121.00M | 159.00M | 101.00M | 37.00M | 12.00M |
| EBT Excluding Unusual Items | 8.74B | 8.80B | 9.16B | 10.26B | 9.09B | 11.24B |
| Asset Writedown | -53.00M | -53.00M | -5.00M | -83.00M | -57.00M | -34.00M |
| Other Unusual Items | 80.00M | |||||
| Pretax Income | 8.76B | 8.75B | 9.15B | 10.18B | 9.04B | 11.21B |
| Income Tax Expense | 2.12B | 2.09B | 2.20B | 2.45B | 2.60B | 2.77B |
| Net Income | 6.64B | 6.65B | 6.96B | 7.73B | 6.44B | 8.44B |
| Preferred Dividends & Other Adjustments | 18.00M | 18.00M | 17.00M | 20.00M | 21.00M | 33.00M |
| Net Income to Common | 6.62B | 6.64B | 6.94B | 7.71B | 6.42B | 8.41B |
| Shares Outstanding (Basic) | 559.00M | 559.00M | 567.00M | 582.00M | 629.00M | 696.00M |
| Shares Outstanding (Diluted) | 560.00M | 560.00M | 568.00M | 584.00M | 631.00M | 699.00M |
| EPS (Basic) | 11.85 | 11.87 | 12.24 | 13.24 | 10.20 | 12.08 |
| EPS (Diluted) | 11.83 | 11.85 | 12.23 | 13.20 | 10.17 | 12.04 |
| Free Cash Flow | 7.00B | 7.65B | 7.70B | 6.18B | 6.76B | 8.26B |
| Free Cash Flow Per Share | 12.50 | 13.66 | 13.55 | 10.57 | 10.71 | 11.82 |
| Dividend Per Share | 4.85 | 4.75 | 4.55 | 4.35 | 3.95 | 3.00 |
| Gross Margin | 32.99% | 33.48% | 33.32% | 33.39% | 33.23% | 33.30% |
| Operating Margin | 11.35% | 11.83% | 12.51% | 13.48% | 10.53% | 12.60% |
| Profit Margin | 7.33% | 7.69% | 8.29% | 8.92% | 6.61% | 8.74% |
| Free Cash Flow Margin | 7.74% | 8.87% | 9.20% | 7.15% | 6.97% | 8.58% |
| EBITDA | 12.73B | 12.40B | 12.44B | 13.56B | 12.20B | 14.01B |
| EBITDA Margin | 14.08% | 14.37% | 14.87% | 15.70% | 12.57% | 14.56% |
| D&A For EBITDA | 2.46B | 2.19B | 1.97B | 1.92B | 1.98B | 1.88B |
| EBIT | 10.27B | 10.21B | 10.47B | 11.64B | 10.22B | 12.13B |
| EBIT Margin | 11.35% | 11.83% | 12.51% | 13.48% | 10.53% | 12.60% |
| Effective Tax Rate | 24.19% | 23.93% | 23.99% | 24.07% | 28.76% | 24.68% |
| Advertising Expenses | 978.00M | 921.00M | 831.00M | 869.00M | 877.00M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.17B | 982.00M | 1.76B | 921.00M | 1.35B | 1.13B |
| Short-Term Investments | 271.00M | |||||
| Trading Asset Securities | 251.00M | 66.00M | ||||
| Cash & Short-Term Investments | 3.17B | 982.00M | 1.76B | 921.00M | 1.60B | 1.47B |
| Receivables | 1.24B | 1.09B | 94.00M | |||
| Inventory | 17.74B | 17.30B | 17.41B | 16.89B | 18.53B | 17.61B |
| Other Current Assets | 1.20B | 1.58B | 1.09B | 1.26B | 1.31B | 985.00M |
| Total Current Assets | 23.34B | 20.95B | 20.36B | 19.07B | 21.44B | 20.06B |
| Property, Plant & Equipment | 22.35B | 22.66B | 21.39B | 21.39B | 21.09B | 23.18B |
| Long-Term Investments | 48.00M | |||||
| Goodwill | 3.96B | 3.94B | 311.00M | 311.00M | ||
| Other Intangible Assets | 5.71B | 5.91B | 277.00M | 522.00M | ||
| Long-Term Deferred Tax Assets | 244.00M | 248.00M | 250.00M | 164.00M | ||
| Other Long-Term Assets | 526.00M | 671.00M | 525.00M | 1.09B | 931.00M | 356.00M |
| Total Assets | 55.88B | 54.14B | 43.10B | 41.80B | 43.71B | 44.64B |
| Accounts Payable | 11.08B | 9.76B | 9.29B | 8.70B | 10.52B | 11.35B |
| Accrued Expenses | 1.17B | 2.59B | 2.22B | 2.13B | 2.41B | 2.63B |
| Short-Term Debt | 499.00M | |||||
| Current Portion of Long-Term Debt | 2.36B | 2.35B | 2.50B | 450.00M | 499.00M | 765.00M |
| Current Portion of Leases | 733.00M | 794.00M | 650.00M | 574.00M | 608.00M | 739.00M |
| Current Income Taxes Payable | 23.00M | 491.00M | 33.00M | 1.18B | 128.00M | |
| Current Unearned Revenue | 1.61B | 1.48B | 1.36B | 1.41B | 1.60B | 1.91B |
| Other Current Liabilities | 4.19B | 2.46B | 2.25B | 2.26B | 2.19B | 2.14B |
| Total Current Liabilities | 21.13B | 19.46B | 18.76B | 15.57B | 19.51B | 19.67B |
| Long-Term Debt | 34.85B | 37.18B | 32.55B | 35.04B | 32.49B | 23.32B |
| Long-Term Leases | 4.09B | 4.35B | 4.02B | 4.16B | 3.99B | 4.58B |
| Long-Term Unearned Revenue | 1.25B | 1.26B | 1.27B | 1.23B | 1.20B | 1.13B |
| Long-Term Deferred Tax Liabilities | 1.20B | 1.04B | ||||
| Other Long-Term Liabilities | 794.00M | 764.00M | 744.00M | 855.00M | 774.00M | 760.00M |
| Total Liabilities | 63.32B | 64.06B | 57.33B | 56.84B | 57.96B | 49.46B |
| Common Stock | 281.00M | 281.00M | 280.00M | 287.00M | 301.00M | 335.00M |
| Additional Paid-In Capital | 207.00M | 370.00M | ||||
| Retained Earnings | -8.19B | -10.84B | -14.80B | -15.64B | -14.86B | -5.12B |
| Comprehensive Income & Other | 262.00M | 271.00M | 288.00M | 300.00M | 307.00M | -36.00M |
| Shareholders' Equity | -7.44B | -9.92B | -14.23B | -15.05B | -14.25B | -4.82B |
| Total Liabilities & Equity | 55.88B | 54.14B | 43.10B | 41.80B | 43.71B | 44.64B |
| Total Debt | 42.03B | 44.68B | 39.71B | 40.22B | 38.08B | 29.41B |
| Net Cash (Debt) | -38.86B | -43.70B | -37.95B | -39.30B | -36.48B | -27.93B |
| Net Cash Per Share | -69.39 | -78.03 | -66.82 | -67.29 | -57.82 | -39.96 |
| Filing Date Shares Outstanding | 561.05M | 560.06M | 559.71M | 572.18M | 596.36M | 661.56M |
| Total Common Shares Outstanding | 561.00M | 561.00M | 560.00M | 574.00M | 601.00M | 670.00M |
| Working Capital | 2.21B | 1.49B | 1.60B | 3.50B | 1.93B | 392.00M |
| Book Value Per Share | -13.26 | -17.68 | -25.41 | -26.22 | -23.72 | -7.19 |
| Tangible Book Value | -17.10B | -19.77B | -14.82B | -15.05B | -14.25B | -5.65B |
| Tangible Book Value Per Share | -30.49 | -35.24 | -26.46 | -26.22 | -23.72 | -8.43 |
| Land | 6.87B | 6.81B | 6.79B | 6.79B | 7.28B | |
| Buildings | 18.95B | 18.39B | 18.04B | 17.78B | 18.43B | |
| Machinery | 11.85B | 10.99B | 10.24B | 9.54B | 10.53B | |
| Construction In Progress | 712.00M | 616.00M | 708.00M | 793.00M | 715.00M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 6.64B | 6.65B | 6.96B | 7.73B | 6.44B | 8.44B |
| Depreciation & Amortization | 2.46B | 2.19B | 1.97B | 1.92B | 1.98B | 1.88B |
| Loss (Gain) From Sale of Assets | -15.00M | -177.00M | -79.00M | 421.00M | ||
| Asset Writedown & Restructuring Costs | 53.00M | 53.00M | 5.00M | 83.00M | 2.12B | 34.00M |
| Stock-Based Compensation | 262.00M | 247.00M | 221.00M | 210.00M | 223.00M | 230.00M |
| Other Operating Activities | 994.00M | 828.00M | 529.00M | 505.00M | 291.00M | 652.00M |
| Change in Inventory | -906.00M | 703.00M | -514.00M | 1.64B | -2.59B | -1.41B |
| Change in Accounts Payable | 1.24B | 73.00M | 633.00M | -1.82B | -549.00M | 466.00M |
| Change in Unearned Revenue | 413.00M | |||||
| Change in Other Net Operating Assets | -1.33B | -888.00M | -1.00M | -2.04B | 261.00M | -593.00M |
| Operating Cash Flow | 9.26B | 9.86B | 9.62B | 8.14B | 8.59B | 10.11B |
| Capital Expenditures | -2.26B | -2.21B | -1.93B | -1.96B | -1.83B | -1.85B |
| Sale of Property, Plant & Equipment | 83.00M | 82.00M | 105.00M | 53.00M | 45.00M | 113.00M |
| Cash Acquisitions | -8.78B | -10.09B | ||||
| Divestitures | 177.00M | 100.00M | 491.00M | |||
| Other Investing Activities | 277.00M | -45.00M | -93.00M | -90.00M | -16.00M | 94.00M |
| Investing Cash Flow | -10.68B | -12.26B | -1.74B | -1.90B | -1.31B | -1.65B |
| Short-Term Debt Issued | 499.00M | |||||
| Long-Term Debt Issued | 6.97B | 2.98B | 9.67B | 4.97B | ||
| Total Debt Issued | 6.97B | 6.97B | 2.98B | 10.17B | 4.97B | |
| Short-Term Debt Repaid | -499.00M | |||||
| Long-Term Debt Repaid | -2.59B | -545.00M | -601.00M | -867.00M | -2.12B | |
| Total Debt Repaid | -4.19B | -2.59B | -545.00M | -1.10B | -867.00M | -2.12B |
| Net Debt Issued (Repaid) | 2.79B | 4.39B | -545.00M | 1.88B | 9.30B | 2.85B |
| Issuance of Common Stock | 150.00M | 149.00M | 159.00M | 141.00M | 151.00M | 132.00M |
| Repurchase of Common Stock | -464.00M | -211.00M | -4.05B | -6.14B | -14.12B | -13.01B |
| Common Dividends Paid | -2.69B | -2.64B | -2.57B | -2.53B | -2.37B | -1.98B |
| Other Financing Activities | -49.00M | -68.00M | -42.00M | -21.00M | -5.00M | -6.00M |
| Financing Cash Flow | -269.00M | 1.62B | -7.05B | -6.67B | -7.05B | -12.02B |
| Foreign Exchange Rate Adjustments | -16.00M | -8.00M | ||||
| Net Cash Flow | -1.69B | -779.00M | 840.00M | -427.00M | 215.00M | -3.56B |
| Free Cash Flow | 7.00B | 7.65B | 7.70B | 6.18B | 6.76B | 8.26B |
| Free Cash Flow Margin | 7.74% | 8.87% | 9.20% | 7.15% | 6.97% | 8.58% |
| Free Cash Flow Per Share | 12.50 | 13.66 | 13.55 | 10.57 | 10.71 | 11.82 |
| Levered Free Cash Flow | 4.62B | 4.99B | 6.51B | 4.85B | 4.52B | 6.90B |
| Unlevered Free Cash Flow | 5.62B | 5.94B | 7.43B | 5.78B | 5.25B | 7.47B |
| Cash Interest Paid | 1.58B | 1.49B | 1.48B | 1.46B | 976.00M | 837.00M |
| Cash Income Tax Paid | 2.49B | 2.50B | 1.65B | 3.70B | 1.72B | 2.73B |
| Change in Working Capital | -1.14B | -112.00M | 118.00M | -2.23B | -2.88B | -1.13B |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 122.39B | 149.81B | 146.83B | 126.23B | 130.60B | 158.32B |
| Enterprise Value | 161.25B | 193.91B | 183.34B | 164.85B | 164.95B | 182.57B |
| Last Close Price | 218.15 | 262.49 | 250.54 | 207.66 | 200.17 | 213.43 |
| PE Ratio | 18.44 | 22.57 | 21.16 | 16.38 | 20.36 | 18.83 |
| Forward PE | 17.47 | 20.95 | 21.32 | 17.26 | 15.42 | 18.80 |
| PS Ratio | 1.35 | 1.74 | 1.75 | 1.46 | 1.35 | 1.65 |
| PB Ratio | -15.11 | -10.32 | -8.39 | -9.16 | -32.88 | |
| P/FCF Ratio | 17.48 | 19.58 | 19.07 | 20.44 | 19.32 | 19.17 |
| P/OCF Ratio | 13.21 | 15.19 | 15.26 | 15.51 | 15.21 | 15.65 |
| PEG Ratio | 2.07 | 3.90 | 30.20 | 3.12 | 0.81 | 1.09 |
| EV/Sales Ratio | 1.78 | 2.25 | 2.19 | 1.91 | 1.70 | 1.90 |
| EV/EBITDA Ratio | 12.67 | 15.64 | 14.73 | 12.15 | 13.52 | 13.03 |
| EV/EBIT Ratio | 15.71 | 19.00 | 17.51 | 14.16 | 16.15 | 15.05 |
| EV/FCF Ratio | 23.04 | 25.34 | 23.82 | 26.69 | 24.40 | 22.10 |
| Debt / Equity Ratio | -5.65 | -4.50 | -2.79 | -2.67 | -2.67 | -6.11 |
| Debt / EBITDA Ratio | 2.86 | 3.12 | 2.77 | 2.61 | 2.66 | 1.96 |
| Debt / FCF Ratio | 6.00 | 5.84 | 5.16 | 6.51 | 5.63 | 3.56 |
| Net Debt / Equity Ratio | -5.22 | -4.41 | -2.67 | -2.61 | -2.56 | -5.80 |
| Net Debt / EBITDA Ratio | 3.05 | 3.52 | 3.05 | 2.90 | 2.99 | 1.99 |
| Net Debt / FCF Ratio | 5.55 | 5.71 | 4.93 | 6.36 | 5.40 | 3.38 |
| Asset Turnover | 1.76 | 1.77 | 1.97 | 2.02 | 2.20 | 2.11 |
| Inventory Turnover | 3.56 | 3.31 | 3.25 | 3.25 | 3.59 | 3.80 |
| Quick Ratio | 0.21 | 0.11 | 0.10 | 0.06 | 0.08 | 0.07 |
| Current Ratio | 1.10 | 1.08 | 1.08 | 1.23 | 1.10 | 1.02 |
| Return on Assets (ROA) | 12.52% | 13.12% | 15.42% | 17.02% | 14.45% | 16.59% |
| Return on Invested Capital (ROIC) | 22.42% | 26.31% | 31.47% | 35.06% | 29.60% | 38.52% |
| Return on Capital Employed (ROCE) | 29.50% | 29.40% | 43.00% | 44.40% | 42.20% | 48.60% |
| Earnings Yield | 5.42% | 4.44% | 4.74% | 6.12% | 4.93% | 5.33% |
| FCF Yield | 5.72% | 5.11% | 5.24% | 4.89% | 5.18% | 5.22% |
| Dividend Yield | 2.29% | 1.78% | 1.74% | 1.98% | 1.82% | 1.27% |
| Payout Ratio | 42.27% | 39.62% | 36.88% | 32.76% | 36.82% | 23.50% |
| Buyback Yield / Dilution | 0.44% | 1.41% | 2.74% | 7.45% | 9.73% | 6.80% |
| Total Shareholder Return | 2.74% | 3.19% | 4.47% | 9.43% | 11.55% | 8.07% |