Lowe's Companies (LOW) Financials

$263.58 +7.93 (+3.10%)

Closing price 08/22/2025 03:59 PM Eastern

Extended Trading

$264.11 +0.53 (+0.20%)

As of 08/22/2025 07:55 PM Eastern

Annual Income Statements for Lowe's Companies

This table shows Lowe's Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/30/2015	1/29/2016	2/3/2017	2/2/2018	2/1/2019	1/31/2020	1/29/2021	1/28/2022	2/3/2023	2/2/2024	1/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957
Consolidated Net Income / (Loss)	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957
Net Income / (Loss) Continuing Operations	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957
Total Pre-Tax Income	4,276	4,419	5,201	5,489	3,394	5,623	7,739	11,208	9,036	10,175	9,153
Total Operating Income	4,792	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466
Total Gross Profit	19,558	20,570	21,674	22,434	22,908	22,943	29,572	32,056	32,257	28,844	27,877
Total Revenue	56,223	59,074	65,017	68,619	71,309	72,148	89,597	96,250	97,059	86,377	83,674
Operating Revenue	56,223	59,074	65,017	68,619	71,309	72,148	89,597	96,250	97,059	86,377	83,674
Total Cost of Revenue	36,665	38,504	43,343	46,185	48,401	49,205	60,025	64,194	64,802	57,533	55,797
Operating Cost of Revenue	36,665	38,504	43,343	46,185	48,401	49,205	60,025	64,194	64,802	57,533	55,797
Total Operating Expenses	14,766	15,599	15,828	15,848	18,890	16,629	19,925	19,963	22,098	17,287	17,411
Selling, General & Admin Expense	13,272	14,105	14,375	14,444	17,413	15,367	18,526	18,301	20,332	15,570	15,682
Depreciation Expense	1,494	1,494	1,453	1,404	1,477	1,262	1,399	1,662	1,766	1,717	1,729
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-516	-552	-645	-1,097	-624	-691	-1,908	-885	-1,123	-1,382	-1,313
Interest Expense	516	552	645	1,097	624	691	1,908	885	0.00	0.00	0.00
Interest & Investment Income	-	-	-	-	-	-	-	-	-1,123	-1,382	-1,313
Income Tax Expense	1,578	1,873	2,108	2,042	1,080	1,342	1,904	2,766	2,599	2,449	2,196
Basic Earnings per Share	$2.71	$2.73	$3.48	$4.09	$2.84	$5.49	$7.77	$12.07	$10.20	$13.23	$12.25
Weighted Average Basic Shares Outstanding	988M	927M	880M	842.80M	814.80M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M
Diluted Earnings per Share	$2.71	$2.73	$3.47	$4.09	$2.84	$5.49	$7.75	$12.04	$10.17	$13.20	$12.23
Weighted Average Diluted Shares Outstanding	988M	927M	880M	842.80M	814.80M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M
Weighted Average Basic & Diluted Shares Outstanding	988M	927M	880M	842.80M	814.80M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M

This table shows Lowe's Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/28/2022	2/3/2023	5/5/2023	8/4/2023	11/3/2023	2/2/2024	5/3/2024	8/2/2024	11/1/2024	1/31/2025	5/2/2025
Net Income / (Loss) Attributable to Common Shareholders	154	958	2,260	2,673	1,773	1,020	1,755	2,383	1,695	1,124	1,641
Consolidated Net Income / (Loss)	154	958	2,260	2,673	1,773	1,020	1,755	2,383	1,695	1,124	1,641
Net Income / (Loss) Continuing Operations	154	958	2,260	2,673	1,773	1,020	1,755	2,383	1,695	1,124	1,641
Total Pre-Tax Income	629	1,383	2,939	3,545	2,351	1,340	2,301	3,130	2,219	1,503	2,157
Total Operating Income	924	1,704	3,288	3,886	2,696	1,687	2,653	3,447	2,536	1,830	2,494
Total Gross Profit	7,818	7,256	7,527	8,399	6,891	6,027	7,090	7,895	6,796	6,096	6,986
Total Revenue	23,479	22,445	22,347	24,956	20,471	18,603	21,364	23,586	20,170	18,554	20,930
Operating Revenue	23,479	22,445	22,347	24,956	20,471	18,603	21,364	23,586	20,170	18,554	20,930
Total Cost of Revenue	15,661	15,189	14,820	16,557	13,580	12,576	14,274	15,691	13,374	12,458	13,944
Operating Cost of Revenue	15,661	15,189	14,820	16,557	13,580	12,576	14,274	15,691	13,374	12,458	13,944
Total Operating Expenses	6,894	5,552	4,239	4,513	4,195	4,340	4,437	4,448	4,260	4,266	4,492
Selling, General & Admin Expense	6,443	5,131	3,824	4,086	3,761	3,899	4,009	4,025	3,827	3,821	4,046
Depreciation Expense	451	421	415	427	434	441	428	423	433	445	446
Other Operating Expenses / (Income)	0.00	-	0.00	0.00	0.00	-0.00	0.00	0.00	0.00	-0.00	0.00
Total Other Income / (Expense), net	-295	-321	-349	-341	-345	-347	-352	-317	-317	-327	-337
Interest Expense	295	-802	349	341	0.00	-690	0.00	317	0.00	-669	0.00
Interest & Investment Income	-	-	-	-	-345	-	-352	-	-317	-	-337
Income Tax Expense	475	425	679	872	578	320	546	747	524	379	516
Basic Earnings per Share	$0.25	$1.75	$3.78	$4.56	$3.07	$1.82	$3.06	$4.18	$2.99	$2.02	$2.93
Weighted Average Basic Shares Outstanding	618M	596.36M	596M	584M	576M	572.18M	571M	568M	565M	559.71M	559M
Diluted Earnings per Share	$0.25	$1.74	$3.77	$4.56	$3.06	$1.81	$3.06	$4.17	$2.99	$2.01	$2.92
Weighted Average Diluted Shares Outstanding	620M	596.36M	597M	585M	577M	572.18M	572M	570M	566M	559.71M	560M
Weighted Average Basic & Diluted Shares Outstanding	604.70M	596.36M	585.98M	577.12M	575.11M	572.18M	569.84M	567.29M	564.65M	559.71M	560.44M
Cash Dividends to Common per Share	$1.05	-	$1.05	$1.10	$1.10	-	$1.10	$1.15	$1.15	-	$1.15

This table details how cash moves in and out of Lowe's Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/30/2015	1/29/2016	2/3/2017	2/2/2018	2/1/2019	1/31/2020	1/29/2021	1/28/2022	2/3/2023	2/2/2024	1/31/2025
Net Change in Cash & Equivalents	-407	-61	153	60	-46	205	3,974	-3,557	215	-427	840
Net Cash From Operating Activities	4,996	4,784	5,617	5,065	6,193	4,296	11,049	10,113	8,589	8,140	9,625
Net Cash From Continuing Operating Activities	4,996	4,784	5,617	5,065	6,193	4,296	11,157	10,113	8,589	8,140	9,625
Net Income / (Loss) Continuing Operations	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957
Consolidated Net Income / (Loss)	2,698	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957
Depreciation Expense	1,586	1,587	1,590	1,540	1,607	1,410	1,594	1,882	1,981	1,923	1,972
Amortization Expense	-	-	-	-	-	-	479	-	530	499	520
Non-Cash Adjustments To Reconcile Net Income	144	741	535	521	1,656	860	1,354	781	2,762	214	49
Changes in Operating Assets and Liabilities, net	568	-90	399	-443	616	-2,255	1,895	-992	-3,121	-2,222	127
Net Cash From Investing Activities	-832	-1,343	-3,361	-1,441	-1,080	-1,369	-1,894	-1,646	-1,309	-1,901	-1,738
Net Cash From Continuing Investing Activities	-832	-1,343	-3,361	-1,441	-1,080	-1,369	-1,894	-1,646	-1,309	-1,901	-1,738
Purchase of Property, Plant & Equipment	-880	-1,197	-1,167	-1,123	-1,174	-1,484	-1,791	-1,853	-1,829	-1,964	-1,927
Purchase of Investments	-	-934	-1,295	-981	-1,373	-743	-3,094	-3,065	-1,189	-1,785	-1,286
Sale of Property, Plant & Equipment	52	57	37	45	76	163	90	113	45	53	105
Divestitures	-	-	-	-	-	-	0.00	0.00	491	100	177
Sale and/or Maturity of Investments	-	884	1,433	1,114	1,393	695	2,926	3,293	1,174	1,722	1,204
Other Investing Activities, net	-4.00	-28	-13	13	-2.00	0.00	-25	-134	-1.00	-27	-11
Net Cash From Financing Activities	-4,566	-3,493	-2,092	-3,607	-5,124	-2,735	-5,191	-12,016	-7,049	-6,666	-7,047
Net Cash From Continuing Financing Activities	-4,566	-3,493	-2,092	-3,607	-5,124	-2,735	-5,191	-12,016	-7,049	-6,666	-7,047
Repayment of Debt	24	-454	-1,248	-2,859	-746	-894	-5,656	-2,124	-872	-622	-587
Repurchase of Common Equity	-3,905	-3,925	-3,595	-3,192	-3,037	-4,313	-4,971	-13,012	-14,124	-6,138	-4,053
Payment of Dividends	-822	-957	-1,121	-1,288	-1,455	-1,618	-1,704	-1,984	-2,370	-2,531	-2,566
Issuance of Debt	-	1,718	3,733	3,593	0.00	3,972	6,988	4,972	10,166	2,484	0.00
Issuance of Common Equity	137	125	139	139	114	118	152	132	151	141	159
Effect of Exchange Rate Changes	-5.00	-9.00	-11	13	-12	1.00	10	-8.00	-16	0.00	0.00

This table details how cash moves in and out of Lowe's Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/28/2022	2/3/2023	5/5/2023	8/4/2023	11/3/2023	2/2/2024	5/3/2024	8/2/2024	11/1/2024	1/31/2025	5/2/2025
Net Change in Cash & Equivalents	1,710	-1,844	1,602	544	-2,284	-289	2,316	1,123	-1,089	-1,510	1,293
Net Cash From Operating Activities	2,126	451	2,106	3,862	1,064	1,108	4,262	3,153	1,299	911	3,379
Net Cash From Continuing Operating Activities	2,126	451	2,106	3,839	1,087	1,108	4,262	3,087	1,375	901	3,379
Net Income / (Loss) Continuing Operations	154	958	2,260	2,673	1,773	1,020	1,755	2,382	1,696	1,124	1,641
Consolidated Net Income / (Loss)	154	958	2,260	2,673	1,773	1,020	1,755	2,382	1,696	1,124	1,641
Depreciation Expense	502	472	465	476	486	496	486	481	494	511	507
Amortization Expense	-	-	-	-	129	129	131	-	132	128	131
Non-Cash Adjustments To Reconcile Net Income	2,266	81	111	-42	62	83	48	-116	15	-29	78
Changes in Operating Assets and Liabilities, net	-796	-1,590	-730	491	-1,363	-620	1,842	80	-962	-833	1,022
Net Cash From Investing Activities	-406	-194	-304	-411	-591	-595	-378	-422	-520	-418	-533
Net Cash From Continuing Investing Activities	-406	-194	-304	-411	-591	-595	-378	-422	-520	-418	-533
Purchase of Property, Plant & Equipment	-403	-739	-380	-385	-579	-620	-382	-426	-571	-548	-518
Purchase of Investments	-329	-530	-450	-428	-405	-502	-277	-351	-371	-287	-391
Sale of Property, Plant & Equipment	18	8.00	8.00	9.00	12	24	15	7.00	32	51	2.00
Sale and/or Maturity of Investments	307	577	412	399	404	507	266	305	347	286	375
Other Investing Activities, net	1.00	-1.00	-17	-6.00	-	-4.00	0.00	-	-11	-	-1.00
Net Cash From Financing Activities	22	-2,117	-200	-2,907	-2,757	-802	-1,568	-1,608	-1,868	-2,003	-1,553
Net Cash From Continuing Financing Activities	22	-2,117	-200	-2,907	-2,757	-802	-1,568	-1,608	-1,868	-2,003	-1,553
Repayment of Debt	-30	-41	-449	395	-537	-31	-27	-41	-474	-45	-798
Repurchase of Common Equity	-3,999	-1,997	-2,106	-2,250	-1,581	-201	-923	-1,007	-751	-1,372	-112
Payment of Dividends	-666	-643	-633	-624	-642	-632	-633	-629	-654	-650	-645
Issuance of Common Equity	14	65	5.00	71	3.00	62	15	69	11	64	2.00

This table presents Lowe's Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/30/2015	1/29/2016	2/3/2017	2/2/2018	2/1/2019	1/31/2020	1/29/2021	1/28/2022	2/3/2023	2/2/2024	1/31/2025
Total Assets	31,721	31,266	34,408	35,291	34,508	39,471	46,735	44,640	43,708	41,795	43,102
Total Current Assets	9,851	10,561	12,000	12,772	14,228	15,318	22,326	20,060	21,442	19,071	20,358
Cash & Equivalents	466	405	558	588	511	716	4,690	1,133	1,348	921	1,761
Short-Term Investments	125	307	100	102	218	160	506	271	384	307	372
Inventories, net	8,911	9,458	10,458	11,393	12,561	13,179	16,193	17,605	18,532	16,894	17,409
Other Current Assets	349	391	884	689	938	1,263	937	1,051	1,178	949	816
Plant, Property, & Equipment, net	20,034	19,577	19,949	19,721	18,432	18,769	19,155	19,071	17,567	17,653	17,649
Total Noncurrent Assets	1,836	1,128	2,459	2,798	1,848	5,384	5,254	5,509	4,699	5,071	5,095
Long-Term Investments	354	222	366	408	256	372	200	199	121	252	277
Noncurrent Deferred & Refundable Income Taxes	133	241	222	168	294	216	340	164	250	248	244
Other Noncurrent Operating Assets	1,349	511	789	915	995	4,796	4,714	5,146	4,328	4,571	4,574
Total Liabilities & Shareholders' Equity	31,721	31,266	34,408	35,291	34,508	39,471	46,735	44,640	43,708	41,795	43,102
Total Liabilities	21,753	23,612	27,974	29,418	30,864	37,499	45,298	49,456	57,962	56,845	57,333
Total Current Liabilities	9,348	10,492	11,974	12,096	14,497	15,182	18,730	19,668	19,511	15,568	18,757
Short-Term Debt	552	1,104	1,305	1,431	1,832	2,538	1,112	868	1,084	537	2,586
Accounts Payable	5,124	5,633	6,651	6,590	8,279	7,659	10,884	11,354	10,524	8,704	9,290
Current Deferred Revenue	979	1,078	1,253	1,378	1,299	1,219	1,608	1,914	1,603	1,408	1,358
Current Employee Benefit Liabilities	773	820	790	747	662	684	1,350	1,561	1,109	954	1,008
Other Current Liabilities	1,920	1,857	1,975	1,950	2,425	3,082	3,776	3,843	4,010	3,965	4,515
Total Noncurrent Liabilities	12,405	13,120	16,000	17,322	16,367	22,317	26,568	29,788	38,451	41,277	38,576
Long-Term Debt	10,806	11,545	14,394	15,564	14,391	16,768	20,668	23,859	32,876	35,384	32,901
Noncurrent Deferred Revenue	730	729	763	803	827	894	1,019	1,127	1,201	1,225	1,268
Other Noncurrent Operating Liabilities	869	846	843	955	1,149	4,655	4,881	4,802	4,374	4,668	4,407
Total Equity & Noncontrolling Interests	9,968	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231
Total Preferred & Common Equity	9,968	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	9,968	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231
Common Stock	480	455	433	437	401	381	456	335	301	287	280
Retained Earnings	9,591	7,593	6,241	5,425	3,452	1,727	1,117	-5,115	-14,862	-15,637	-14,799
Accumulated Other Comprehensive Income / (Loss)	-103	-394	-240	11	-209	-136	-136	-36	307	300	288

This table presents Lowe's Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/28/2022	2/3/2023	5/5/2023	8/4/2023	11/3/2023	2/2/2024	5/3/2024	8/2/2024	11/1/2024	1/31/2025	5/2/2025
Total Assets	46,973	43,708	45,917	44,521	42,519	41,795	45,365	44,934	44,743	43,102	45,372
Total Current Assets	24,991	21,442	23,918	22,236	19,968	19,071	22,750	22,337	21,977	20,358	22,675
Cash & Equivalents	3,192	1,348	2,950	3,494	1,210	921	3,237	4,360	3,271	1,761	3,054
Short-Term Investments	464	384	423	374	321	307	264	330	335	372	368
Inventories, net	19,817	18,532	19,522	17,422	17,530	16,894	18,224	16,841	17,566	17,409	18,335
Other Current Assets	1,518	1,178	1,023	946	907	949	1,025	806	805	816	918
Plant, Property, & Equipment, net	17,275	17,567	17,402	17,373	17,527	17,653	17,531	17,515	17,586	17,649	17,636
Total Noncurrent Assets	4,707	4,699	4,597	4,912	5,024	5,071	5,084	5,082	5,180	5,095	5,061
Long-Term Investments	63	121	103	182	238	252	306	292	312	277	300
Noncurrent Deferred & Refundable Income Taxes	301	250	150	230	280	248	115	184	261	244	118
Other Noncurrent Operating Assets	4,343	4,328	4,344	4,500	4,506	4,571	4,663	4,606	4,607	4,574	4,643
Total Liabilities & Shareholders' Equity	46,973	43,708	45,917	44,521	42,519	41,795	45,365	44,934	44,743	43,102	45,372
Total Liabilities	59,841	57,962	60,627	59,253	57,666	56,845	59,971	58,697	58,162	57,333	58,626
Total Current Liabilities	20,876	19,511	19,210	17,612	16,496	15,568	19,506	18,246	19,447	18,757	22,388
Short-Term Debt	609	1,084	661	592	544	537	1,294	1,290	2,576	2,586	4,183
Accounts Payable	12,249	10,524	11,885	10,333	9,914	8,704	11,737	10,336	10,602	9,290	11,235
Current Deferred Revenue	1,736	1,603	1,645	1,566	1,499	1,408	1,409	1,417	1,359	1,358	1,500
Current Employee Benefit Liabilities	1,405	1,109	766	1,026	750	954	870	1,055	828	1,008	853
Other Current Liabilities	3,964	4,010	4,253	4,095	3,789	3,965	4,196	4,148	4,082	4,515	4,617
Total Noncurrent Liabilities	38,965	38,451	41,417	41,641	41,170	41,277	40,465	40,451	38,715	38,576	36,238
Long-Term Debt	32,904	32,876	35,863	35,839	35,374	35,384	34,622	34,659	32,906	32,901	30,541
Noncurrent Deferred Revenue	1,184	1,201	1,206	1,231	1,228	1,225	1,225	1,256	1,260	1,268	1,266
Other Noncurrent Operating Liabilities	4,877	4,374	4,348	4,571	4,568	4,668	4,618	4,536	4,549	4,407	4,431
Total Equity & Noncontrolling Interests	-12,868	-14,254	-14,710	-14,732	-15,147	-15,050	-14,606	-13,763	-13,419	-14,231	-13,254
Total Preferred & Common Equity	-12,868	-14,254	-14,710	-14,732	-15,147	-15,050	-14,606	-13,763	-13,419	-14,231	-13,254
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-12,868	-14,254	-14,710	-14,732	-15,147	-15,050	-14,606	-13,763	-13,419	-14,231	-13,254
Common Stock	305	301	296	303	295	287	286	284	282	280	293
Retained Earnings	-13,313	-14,862	-15,310	-15,341	-15,744	-15,637	-15,188	-14,342	-13,993	-14,799	-13,833
Accumulated Other Comprehensive Income / (Loss)	140	307	304	306	302	300	296	295	292	288	286

This table displays calculated financial ratios and metrics derived from Lowe's Companies' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/30/2015	1/29/2016	2/3/2017	2/2/2018	2/1/2019	1/31/2020	1/29/2021	1/28/2022	2/3/2023	2/2/2024	1/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.25%	5.07%	10.06%	5.54%	3.92%	1.18%	24.19%	7.43%	0.84%	-11.01%	-3.13%
EBITDA Growth	13.67%	2.82%	13.39%	9.28%	-30.78%	37.32%	51.73%	19.24%	-9.34%	10.33%	-7.30%
EBIT Growth	15.50%	3.74%	17.60%	12.66%	-38.99%	57.14%	52.79%	25.36%	-15.99%	13.76%	-9.44%
NOPAT Growth	17.09%	-5.28%	21.39%	18.96%	-33.76%	75.48%	51.31%	25.23%	-20.55%	21.26%	-9.35%
Net Income Growth	18.02%	-5.63%	21.48%	11.45%	-32.87%	85.00%	36.30%	44.68%	-23.75%	20.02%	-9.95%
EPS Growth	26.64%	0.74%	27.11%	17.87%	-30.56%	93.31%	41.17%	55.35%	-15.53%	29.79%	-7.35%
Operating Cash Flow Growth	1,239.41%	-4.24%	17.41%	-9.83%	22.27%	-30.63%	157.19%	-8.47%	-15.07%	-5.23%	18.24%
Free Cash Flow Firm Growth	35.99%	-6.86%	-55.20%	100.10%	61.95%	-34.98%	159.15%	-9.08%	-10.78%	-5.91%	17.45%
Invested Capital Growth	-5.29%	-4.97%	8.98%	3.13%	-13.27%	6.08%	-11.03%	2.73%	-2.49%	8.61%	-2.81%
Revenue Q/Q Growth	1.59%	1.19%	4.08%	-0.42%	0.21%	0.53%	5.02%	1.08%	1.15%	-4.26%	-0.06%
EBITDA Q/Q Growth	4.66%	-4.08%	14.24%	-2.17%	-22.74%	24.20%	10.42%	2.77%	2.95%	3.76%	1.23%
EBIT Q/Q Growth	4.15%	-7.10%	16.57%	-2.55%	-29.30%	31.84%	6.23%	2.76%	-1.41%	-0.15%	1.39%
NOPAT Q/Q Growth	5.21%	-13.74%	24.56%	-2.69%	-33.86%	40.39%	7.35%	2.87%	-2.65%	1.09%	1.09%
Net Income Q/Q Growth	5.64%	-14.71%	26.71%	-3.07%	-37.31%	45.22%	8.72%	2.79%	-3.72%	0.81%	1.52%
EPS Q/Q Growth	6.69%	-13.88%	26.18%	-2.15%	-36.75%	43.72%	9.31%	4.42%	-1.07%	0.53%	1.66%
Operating Cash Flow Q/Q Growth	411.89%	-32.17%	-14.96%	-11.45%	-4.59%	22.53%	-5.32%	15.67%	-5.32%	8.78%	-2.01%
Free Cash Flow Firm Q/Q Growth	1.71%	-4.06%	8.13%	-14.25%	-4.93%	14.02%	-7.32%	29.69%	-7.09%	9.57%	-2.59%
Invested Capital Q/Q Growth	2.32%	0.89%	3.56%	5.77%	0.41%	5.31%	14.50%	3.02%	5.48%	2.05%	3.86%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.79%	34.82%	33.34%	32.69%	32.13%	31.80%	33.01%	33.30%	33.23%	33.39%	33.32%
EBITDA Margin	11.34%	11.10%	11.44%	11.84%	7.89%	10.71%	13.08%	14.52%	13.05%	16.18%	15.49%
Operating Margin	8.52%	8.41%	8.99%	9.60%	5.63%	8.75%	10.77%	12.56%	10.47%	13.38%	12.51%
EBIT Margin	8.52%	8.41%	8.99%	9.60%	5.63%	8.75%	10.77%	12.56%	10.47%	13.38%	12.51%
Profit (Net Income) Margin	4.80%	4.31%	4.76%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%
Tax Burden Percent	63.10%	57.61%	59.47%	62.80%	68.18%	76.13%	75.40%	75.32%	71.24%	75.93%	76.01%
Interest Burden Percent	89.23%	88.90%	88.97%	83.34%	84.47%	89.06%	80.22%	92.68%	88.95%	88.04%	87.45%
Effective Tax Rate	36.90%	42.39%	40.53%	37.20%	31.82%	23.87%	24.60%	24.68%	28.76%	24.07%	23.99%
Return on Invested Capital (ROIC)	14.43%	14.41%	17.18%	19.29%	13.48%	24.71%	38.43%	50.42%	40.03%	47.12%	41.61%
ROIC Less NNEP Spread (ROIC-NNEP)	11.19%	11.54%	14.27%	14.78%	10.74%	21.55%	30.08%	47.05%	37.13%	43.97%	38.65%
Return on Net Nonoperating Assets (RNNOA)	10.30%	14.49%	26.73%	36.73%	35.15%	127.75%	303.90%	-550.10%	-107.54%	-99.85%	-89.13%
Return on Equity (ROE)	24.73%	28.90%	43.91%	56.02%	48.63%	152.46%	342.33%	-499.67%	-67.51%	-52.73%	-47.52%
Cash Return on Invested Capital (CROIC)	19.86%	19.50%	8.58%	16.21%	27.69%	18.81%	50.10%	47.73%	42.54%	38.86%	44.46%
Operating Return on Assets (OROA)	14.87%	15.78%	17.80%	18.90%	11.51%	17.07%	22.38%	26.47%	23.00%	27.03%	24.66%
Return on Assets (ROA)	8.37%	8.08%	9.42%	9.89%	6.63%	11.57%	13.54%	18.48%	14.57%	18.07%	16.39%
Return on Common Equity (ROCE)	24.73%	28.90%	43.91%	56.02%	48.63%	152.46%	342.33%	-499.67%	-67.51%	-52.73%	-47.52%
Return on Equity Simple (ROE_SIMPLE)	27.07%	33.26%	48.07%	58.69%	63.50%	217.09%	406.05%	-175.29%	-45.16%	-51.34%	-48.89%
Net Operating Profit after Tax (NOPAT)	3,024	2,864	3,477	4,136	2,739	4,807	7,274	9,109	7,237	8,775	7,955
NOPAT Margin	5.38%	4.85%	5.35%	6.03%	3.84%	6.66%	8.12%	9.46%	7.46%	10.16%	9.51%
Net Nonoperating Expense Percent (NNEP)	3.24%	2.87%	2.91%	4.51%	2.73%	3.16%	8.35%	3.37%	2.90%	3.15%	2.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	36.72%	42.05%	37.42%
Cost of Revenue to Revenue	65.21%	65.18%	66.66%	67.31%	67.88%	68.20%	66.99%	66.70%	66.77%	66.61%	66.68%
SG&A Expenses to Revenue	23.61%	23.88%	22.11%	21.05%	24.42%	21.30%	20.68%	19.01%	20.95%	18.03%	18.74%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.26%	26.41%	24.34%	23.10%	26.49%	23.05%	22.24%	20.74%	22.77%	20.01%	20.81%
Earnings before Interest and Taxes (EBIT)	4,792	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,378	6,558	7,436	8,126	5,625	7,724	11,720	13,975	12,670	13,979	12,958
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.63	7.40	8.71	12.85	19.55	42.07	80.54	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	5.63	7.55	10.47	16.52	21.32	42.07	80.54	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.00	0.96	0.86	1.10	1.00	1.15	1.29	1.58	1.29	1.44	1.75
Price to Earnings (P/E)	20.79	22.25	18.12	21.89	30.78	19.38	19.83	18.00	19.52	16.04	21.11
Dividend Yield	1.51%	1.73%	2.06%	1.74%	2.09%	1.97%	1.46%	1.33%	1.90%	2.02%	1.75%
Earnings Yield	4.81%	4.50%	5.52%	4.57%	3.25%	5.16%	5.04%	5.55%	5.12%	6.23%	4.74%
Enterprise Value to Invested Capital (EV/IC)	3.26	3.53	3.35	4.20	4.58	5.04	7.41	9.56	8.84	8.17	9.55
Enterprise Value to Revenue (EV/Rev)	1.18	1.16	1.09	1.33	1.21	1.40	1.47	1.82	1.63	1.83	2.15
Enterprise Value to EBITDA (EV/EBITDA)	10.43	10.42	9.51	11.24	15.37	13.08	11.27	12.53	12.45	11.33	13.88
Enterprise Value to EBIT (EV/EBIT)	13.88	13.75	12.10	13.87	21.52	16.00	13.69	14.48	15.53	13.71	17.19
Enterprise Value to NOPAT (EV/NOPAT)	21.99	23.87	20.34	22.09	31.56	21.01	18.16	19.23	21.80	18.05	22.62
Enterprise Value to Operating Cash Flow (EV/OCF)	13.31	14.29	12.59	18.03	13.96	23.51	11.96	17.32	18.37	19.46	18.69
Enterprise Value to Free Cash Flow (EV/FCFF)	15.98	17.64	40.73	26.29	15.37	27.61	13.93	20.31	20.51	21.89	21.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.14	1.65	2.44	2.89	4.45	9.79	15.16	-5.13	-2.38	-2.39	-2.49
Long-Term Debt to Equity	1.08	1.51	2.24	2.65	3.95	8.50	14.38	-4.95	-2.31	-2.35	-2.31
Financial Leverage	0.92	1.26	1.87	2.48	3.27	5.93	10.10	-11.69	-2.90	-2.27	-2.31
Leverage Ratio	2.95	3.57	4.66	5.66	7.33	13.17	25.29	-27.04	-4.63	-2.92	-2.90
Compound Leverage Factor	2.64	3.18	4.15	4.72	6.20	11.73	20.29	-25.06	-4.12	-2.57	-2.54
Debt to Total Capital	53.26%	62.30%	70.93%	74.32%	81.66%	90.73%	93.81%	124.19%	172.33%	172.11%	166.95%
Short-Term Debt to Total Capital	2.59%	5.44%	5.90%	6.26%	9.22%	11.93%	4.79%	4.36%	5.50%	2.57%	12.17%
Long-Term Debt to Total Capital	50.67%	56.86%	65.03%	68.06%	72.44%	78.80%	89.02%	119.83%	166.83%	169.54%	154.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.74%	37.70%	29.07%	25.68%	18.34%	9.27%	6.19%	-24.19%	-72.33%	-72.11%	-66.95%
Debt to EBITDA	1.78	1.93	2.11	2.09	2.88	2.50	1.86	1.77	2.68	2.57	2.74
Net Debt to EBITDA	1.63	1.79	1.97	1.96	2.71	2.34	1.40	1.65	2.53	2.46	2.55
Long-Term Debt to EBITDA	1.69	1.76	1.94	1.92	2.56	2.17	1.76	1.71	2.59	2.53	2.54
Debt to NOPAT	3.76	4.42	4.52	4.11	5.92	4.02	2.99	2.71	4.69	4.09	4.46
Net Debt to NOPAT	3.44	4.09	4.22	3.84	5.56	3.76	2.25	2.54	4.44	3.92	4.16
Long-Term Debt to NOPAT	3.57	4.03	4.14	3.76	5.25	3.49	2.84	2.62	4.54	4.03	4.14
Altman Z-Score	4.26	4.20	3.91	4.34	3.97	3.75	4.26	4.74	3.87	3.86	3.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.01	1.00	1.06	0.98	1.01	1.19	1.02	1.10	1.23	1.09
Quick Ratio	0.06	0.07	0.06	0.06	0.05	0.06	0.28	0.07	0.09	0.08	0.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,162	3,876	1,737	3,475	5,627	3,659	9,483	8,622	7,692	7,237	8,500
Operating Cash Flow to CapEx	603.38%	419.65%	497.08%	469.85%	564.03%	325.21%	649.56%	581.21%	481.45%	425.96%	528.27%
Free Cash Flow to Firm to Interest Expense	8.07	7.02	2.69	3.17	9.02	5.30	4.97	9.74	663,102,980,793.10	452,335,577,393.75	541,400,209,184.71
Operating Cash Flow to Interest Expense	9.68	8.67	8.71	4.62	9.92	6.22	5.79	11.43	740,431,034,482.76	508,750,000,000.00	613,057,324,840.77
Operating Cash Flow Less CapEx to Interest Expense	8.08	6.60	6.96	3.63	8.17	4.31	4.90	9.46	586,637,931,034.48	389,312,500,000.00	497,006,369,426.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.74	1.88	1.98	1.97	2.04	1.95	2.08	2.11	2.20	2.02	1.97
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	4.07	4.19	4.35	4.23	4.04	3.82	4.09	3.80	3.59	3.25	3.25
Fixed Asset Turnover	2.75	2.98	3.29	3.46	3.74	3.88	4.73	5.04	5.30	4.91	4.74
Accounts Payable Turnover	7.24	7.16	7.06	6.98	6.51	6.17	6.47	5.77	5.92	5.98	6.20
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	89.78	87.06	83.86	86.34	90.32	95.47	89.30	96.09	101.77	112.37	112.20
Days Payable Outstanding (DPO)	50.43	50.99	51.72	52.32	56.06	59.11	56.38	63.22	61.61	60.99	58.85
Cash Conversion Cycle (CCC)	39.35	36.08	32.14	34.02	34.26	36.36	32.92	32.86	40.16	51.38	53.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	20,381	19,369	21,109	21,770	18,882	20,030	17,821	18,308	17,853	19,391	18,846
Invested Capital Turnover	2.68	2.97	3.21	3.20	3.51	3.71	4.73	5.33	5.37	4.64	4.38
Increase / (Decrease) in Invested Capital	-1,138	-1,012	1,740	661	-2,888	1,148	-2,209	487	-455	1,538	-545
Enterprise Value (EV)	66,495	68,356	70,724	91,342	86,470	101,013	132,115	175,113	157,738	158,396	179,909
Market Capitalization	56,082	56,641	56,049	75,445	71,232	82,955	115,731	151,989	125,631	123,955	146,832
Book Value per Share	$10.25	$8.36	$7.40	$7.08	$4.54	$2.57	$1.96	($7.15)	($23.57)	($26.17)	($25.20)
Tangible Book Value per Share	$10.25	$8.20	$6.15	$5.50	$4.16	$2.57	$1.96	($7.15)	($23.57)	($26.17)	($25.20)
Total Capital	21,326	20,303	22,133	22,868	19,867	21,278	23,217	19,911	19,706	20,871	21,256
Total Debt	11,358	12,649	15,699	16,995	16,223	19,306	21,780	24,727	33,960	35,921	35,487
Total Long-Term Debt	10,806	11,545	14,394	15,564	14,391	16,768	20,668	23,859	32,876	35,384	32,901
Net Debt	10,413	11,715	14,675	15,897	15,238	18,058	16,384	23,124	32,107	34,441	33,077
Capital Expenditures (CapEx)	828	1,140	1,130	1,078	1,098	1,321	1,701	1,740	1,784	1,911	1,822
Debt-free, Cash-free Net Working Capital (DFCFNWC)	464	461	673	1,417	834	1,798	-488	-144	1,283	2,812	2,054
Debt-free Net Working Capital (DFNWC)	1,055	1,173	1,331	2,107	1,563	2,674	4,708	1,260	3,015	4,040	4,187
Net Working Capital (NWC)	503	69	26	676	-269	136	3,596	392	1,931	3,503	1,601
Net Nonoperating Expense (NNE)	326	318	384	689	425	526	1,439	667	800	1,049	998
Net Nonoperating Obligations (NNO)	10,413	11,715	14,675	15,897	15,238	18,058	16,384	23,124	32,107	34,441	33,077
Total Depreciation and Amortization (D&A)	1,586	1,587	1,590	1,540	1,607	1,410	2,073	1,882	2,511	2,422	2,492
Debt-free, Cash-free Net Working Capital to Revenue	0.83%	0.78%	1.04%	2.07%	1.17%	2.49%	-0.54%	-0.15%	1.32%	3.26%	2.45%
Debt-free Net Working Capital to Revenue	1.88%	1.99%	2.05%	3.07%	2.19%	3.71%	5.25%	1.31%	3.11%	4.68%	5.00%
Net Working Capital to Revenue	0.89%	0.12%	0.04%	0.99%	-0.38%	0.19%	4.01%	0.41%	1.99%	4.06%	1.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.71	$2.73	$3.48	$4.09	$2.84	$5.49	$7.77	$12.07	$10.20	$13.23	$12.25
Adjusted Weighted Average Basic Shares Outstanding	951.70M	897.44M	857.33M	825.77M	795.92M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M
Adjusted Diluted Earnings per Share	$2.71	$2.73	$3.47	$4.09	$2.84	$5.49	$7.75	$12.04	$10.17	$13.20	$12.23
Adjusted Weighted Average Diluted Shares Outstanding	951.70M	897.44M	857.33M	825.77M	795.92M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.84	$5.49	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	951.70M	897.44M	857.33M	825.77M	795.92M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M
Normalized Net Operating Profit after Tax (NOPAT)	3,024	2,864	3,477	4,136	2,739	4,807	7,274	9,109	7,237	8,775	7,955
Normalized NOPAT Margin	5.38%	4.85%	5.35%	6.03%	3.84%	6.66%	8.12%	9.46%	7.46%	10.16%	9.51%
Pre Tax Income Margin	7.61%	7.48%	8.00%	8.00%	4.76%	7.79%	8.64%	11.64%	9.31%	11.78%	10.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.29	9.01	9.06	6.00	6.44	9.14	5.06	13.66	875,775,862,068.97	722,312,500,000.00	666,624,203,821.66
NOPAT to Interest Expense	5.86	5.19	5.39	3.77	4.39	6.96	3.81	10.29	623,878,842,866.08	548,460,577,395.58	506,686,833,386.57
EBIT Less CapEx to Interest Expense	7.68	6.94	7.31	5.02	4.68	7.23	4.16	11.70	721,982,758,620.69	602,875,000,000.00	550,573,248,407.64
NOPAT Less CapEx to Interest Expense	4.26	3.12	3.64	2.79	2.63	5.05	2.92	8.33	470,085,739,417.81	429,023,077,395.58	390,635,877,972.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.47%	37.59%	36.24%	37.37%	62.88%	37.79%	29.20%	23.50%	36.82%	32.76%	36.88%
Augmented Payout Ratio	175.20%	191.75%	152.47%	129.97%	194.12%	138.54%	114.40%	177.64%	256.24%	112.21%	95.14%

This table displays calculated financial ratios and metrics derived from Lowe's Companies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	10/28/2022	2/3/2023	5/5/2023	8/4/2023	11/3/2023	2/2/2024	5/3/2024	8/2/2024	11/1/2024	1/31/2025	5/2/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.45%	5.18%	-5.55%	-9.17%	-12.81%	-17.12%	-4.40%	-5.49%	-1.47%	-0.26%	-2.03%
EBITDA Growth	-56.39%	-7.13%	-1.37%	-7.84%	132.19%	6.25%	-16.36%	-9.95%	-4.50%	6.79%	-4.22%
EBIT Growth	-66.87%	-7.84%	-0.42%	-8.11%	191.77%	-1.00%	-19.31%	-11.30%	-5.93%	8.48%	-5.99%
NOPAT Growth	-89.02%	-14.64%	0.40%	-8.18%	798.74%	8.79%	-19.97%	-10.44%	-4.72%	6.57%	-6.23%
Net Income Growth	-91.88%	-20.63%	-3.13%	-10.66%	1,051.30%	6.47%	-22.35%	-10.85%	-4.40%	10.20%	-6.50%
EPS Growth	-90.84%	-5.95%	7.41%	-2.36%	1,124.00%	4.02%	-18.83%	-8.55%	-2.29%	11.05%	-4.58%
Operating Cash Flow Growth	-6.18%	-51.71%	-29.26%	27.25%	-49.95%	145.68%	102.37%	-18.36%	22.09%	-17.78%	-20.72%
Free Cash Flow Firm Growth	832.58%	82.57%	234.94%	56.07%	-104.00%	-115.52%	21.51%	-17.82%	6,625.44%	853.76%	-42.19%
Invested Capital Growth	-4.75%	-2.49%	0.97%	-4.36%	12.27%	8.61%	-4.55%	-2.52%	-4.51%	-2.81%	1.40%
Revenue Q/Q Growth	-14.55%	-4.40%	-0.44%	11.67%	-17.97%	-9.13%	14.84%	10.40%	-14.48%	-8.01%	12.81%
EBITDA Q/Q Growth	-69.87%	52.59%	72.47%	16.23%	-24.09%	-30.17%	35.77%	25.14%	-19.50%	-21.92%	26.85%
EBIT Q/Q Growth	-78.15%	84.42%	92.96%	18.19%	-30.62%	-37.43%	57.26%	29.93%	-26.43%	-27.84%	36.28%
NOPAT Q/Q Growth	-92.91%	421.76%	114.20%	15.89%	-30.61%	-36.84%	57.58%	29.70%	-26.19%	-29.35%	38.64%
Net Income Q/Q Growth	-94.85%	522.08%	135.91%	18.27%	-33.67%	-42.47%	72.06%	35.78%	-28.87%	-33.69%	46.00%
EPS Q/Q Growth	-94.65%	596.00%	116.67%	20.95%	-32.89%	-40.85%	69.06%	36.27%	-28.30%	-32.78%	45.27%
Operating Cash Flow Q/Q Growth	-29.95%	-78.79%	366.96%	83.38%	-72.45%	4.14%	284.66%	-26.02%	-58.80%	-29.87%	270.91%
Free Cash Flow Firm Q/Q Growth	-55.24%	52.66%	43.84%	58.78%	-101.15%	-492.88%	1,225.98%	7.38%	-8.97%	-31.52%	-13.65%
Invested Capital Q/Q Growth	-8.28%	5.48%	2.72%	-3.76%	7.67%	2.05%	-9.74%	-1.71%	5.47%	3.86%	-5.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.30%	32.33%	33.68%	33.66%	33.66%	32.40%	33.19%	33.47%	33.69%	32.86%	33.38%
EBITDA Margin	6.07%	9.69%	16.79%	17.48%	16.17%	12.43%	14.69%	16.65%	15.68%	13.31%	14.96%
Operating Margin	3.94%	7.59%	14.71%	15.57%	13.17%	9.07%	12.42%	14.61%	12.57%	9.86%	11.92%
EBIT Margin	3.94%	7.59%	14.71%	15.57%	13.17%	9.07%	12.42%	14.61%	12.57%	9.86%	11.92%
Profit (Net Income) Margin	0.66%	4.27%	10.11%	10.71%	8.66%	5.48%	8.21%	10.10%	8.40%	6.06%	7.84%
Tax Burden Percent	24.48%	69.27%	76.90%	75.40%	75.41%	76.12%	76.27%	76.13%	76.39%	74.78%	76.08%
Interest Burden Percent	68.07%	81.16%	89.39%	91.22%	87.20%	79.43%	86.73%	90.80%	87.50%	82.13%	86.49%
Effective Tax Rate	75.52%	30.73%	23.10%	24.60%	24.59%	23.88%	23.73%	23.87%	23.61%	25.22%	23.92%
Return on Invested Capital (ROIC)	5.33%	28.23%	59.36%	60.64%	49.88%	32.02%	45.13%	53.65%	43.29%	32.28%	42.81%
ROIC Less NNEP Spread (ROIC-NNEP)	5.04%	27.43%	58.43%	59.77%	49.07%	31.22%	44.31%	52.89%	42.55%	31.56%	42.00%
Return on Net Nonoperating Assets (RNNOA)	-17.13%	-79.43%	-157.24%	-152.89%	-111.99%	-70.91%	-98.48%	-117.57%	-97.89%	-72.77%	-95.14%
Return on Equity (ROE)	-11.80%	-51.20%	-97.88%	-92.25%	-62.11%	-38.89%	-53.35%	-63.93%	-54.60%	-40.49%	-52.33%
Cash Return on Invested Capital (CROIC)	47.72%	42.54%	38.71%	43.09%	36.77%	38.86%	50.81%	48.26%	46.98%	44.46%	43.03%
Operating Return on Assets (OROA)	7.84%	16.68%	29.46%	31.82%	26.55%	18.32%	23.23%	27.45%	24.13%	19.44%	21.86%
Return on Assets (ROA)	1.31%	9.38%	20.25%	21.89%	17.46%	11.08%	15.37%	18.98%	16.13%	11.94%	14.39%
Return on Common Equity (ROCE)	-11.80%	-51.20%	-97.88%	-92.25%	-62.11%	-38.89%	-53.35%	-63.93%	-54.60%	-40.49%	-52.33%
Return on Equity Simple (ROE_SIMPLE)	-51.96%	0.00%	-43.26%	-41.03%	-50.60%	0.00%	-49.44%	-50.36%	-51.07%	0.00%	-51.63%
Net Operating Profit after Tax (NOPAT)	226	1,180	2,528	2,930	2,033	1,284	2,023	2,624	1,937	1,369	1,897
NOPAT Margin	0.96%	5.26%	11.31%	11.74%	9.93%	6.90%	9.47%	11.13%	9.60%	7.38%	9.07%
Net Nonoperating Expense Percent (NNEP)	0.29%	0.81%	0.92%	0.87%	0.81%	0.79%	0.82%	0.76%	0.74%	0.72%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	-	5.99%	-	-	-	6.15%	-	-	-	6.44%	8.84%
Cost of Revenue to Revenue	66.70%	67.67%	66.32%	66.34%	66.34%	67.60%	66.81%	66.53%	66.31%	67.14%	66.62%
SG&A Expenses to Revenue	27.44%	22.86%	17.11%	16.37%	18.37%	20.96%	18.77%	17.07%	18.97%	20.59%	19.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.36%	24.74%	18.97%	18.08%	20.49%	23.33%	20.77%	18.86%	21.12%	22.99%	21.46%
Earnings before Interest and Taxes (EBIT)	924	1,704	3,288	3,886	2,696	1,687	2,653	3,447	2,536	1,830	2,494
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,426	2,176	3,753	4,362	3,311	2,312	3,139	3,928	3,162	2,469	3,132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.25	1.29	1.26	1.37	1.22	1.44	1.56	1.63	1.77	1.75	1.53
Price to Earnings (P/E)	17.98	19.52	18.90	21.19	14.41	16.04	18.39	19.77	21.68	21.11	18.58
Dividend Yield	1.91%	1.90%	2.08%	1.94%	2.25%	2.02%	1.90%	1.85%	1.72%	1.75%	2.02%
Earnings Yield	5.56%	5.12%	5.29%	4.72%	6.94%	6.23%	5.44%	5.06%	4.61%	4.74%	5.38%
Enterprise Value to Invested Capital (EV/IC)	8.86	8.84	8.36	9.09	7.61	8.17	9.42	9.76	9.93	9.55	8.91
Enterprise Value to Revenue (EV/Rev)	1.56	1.63	1.60	1.72	1.60	1.83	1.93	2.00	2.15	2.15	1.90
Enterprise Value to EBITDA (EV/EBITDA)	12.19	12.45	12.68	13.70	10.73	11.33	12.82	12.97	14.07	13.88	12.34
Enterprise Value to EBIT (EV/EBIT)	14.56	15.53	15.11	16.37	12.49	13.71	15.10	16.02	17.45	17.19	15.35
Enterprise Value to NOPAT (EV/NOPAT)	20.18	21.80	21.17	23.01	16.65	18.05	19.94	21.09	22.89	22.62	20.20
Enterprise Value to Operating Cash Flow (EV/OCF)	16.54	18.37	19.86	18.78	19.32	19.46	16.02	17.52	18.34	18.69	18.09
Enterprise Value to Free Cash Flow (EV/FCFF)	18.12	20.51	21.70	20.63	21.88	21.89	18.11	19.97	20.65	21.17	20.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.60	-2.38	-2.48	-2.47	-2.37	-2.39	-2.46	-2.61	-2.64	-2.49	-2.62
Long-Term Debt to Equity	-2.56	-2.31	-2.44	-2.43	-2.34	-2.35	-2.37	-2.52	-2.45	-2.31	-2.30
Financial Leverage	-3.40	-2.90	-2.69	-2.56	-2.28	-2.27	-2.22	-2.22	-2.30	-2.31	-2.27
Leverage Ratio	-6.67	-4.63	-4.43	-3.94	-3.19	-2.92	-3.11	-3.14	-3.05	-2.90	-3.26
Compound Leverage Factor	-4.54	-3.76	-3.96	-3.59	-2.79	-2.32	-2.70	-2.85	-2.67	-2.38	-2.82
Debt to Total Capital	162.33%	172.33%	167.43%	167.89%	172.92%	172.11%	168.54%	162.03%	160.82%	166.95%	161.73%
Short-Term Debt to Total Capital	2.95%	5.50%	3.03%	2.73%	2.62%	2.57%	6.07%	5.81%	11.68%	12.17%	19.48%
Long-Term Debt to Total Capital	159.38%	166.83%	164.40%	165.16%	170.30%	169.54%	162.47%	156.22%	149.15%	154.78%	142.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-62.33%	-72.33%	-67.43%	-67.89%	-72.92%	-72.11%	-68.54%	-62.03%	-60.82%	-66.95%	-61.73%
Debt to EBITDA	2.72	2.68	3.02	3.11	2.67	2.57	2.79	2.78	2.77	2.74	2.71
Net Debt to EBITDA	2.42	2.53	2.73	2.76	2.53	2.46	2.50	2.39	2.47	2.55	2.42
Long-Term Debt to EBITDA	2.67	2.59	2.97	3.06	2.63	2.53	2.69	2.68	2.57	2.54	2.38
Debt to NOPAT	4.51	4.69	5.04	5.22	4.14	4.09	4.34	4.51	4.51	4.46	4.44
Net Debt to NOPAT	4.01	4.44	4.56	4.64	3.93	3.92	3.88	3.89	4.01	4.16	3.96
Long-Term Debt to NOPAT	4.43	4.54	4.95	5.14	4.07	4.03	4.19	4.35	4.18	4.14	3.90
Altman Z-Score	3.02	3.23	3.17	3.32	3.06	3.09	3.02	3.19	3.22	3.18	2.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.10	1.25	1.26	1.21	1.23	1.17	1.22	1.13	1.09	1.01
Quick Ratio	0.18	0.09	0.18	0.22	0.09	0.08	0.18	0.26	0.19	0.11	0.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,071	1,635	2,352	3,735	-43	-254	2,858	3,069	2,794	1,914	1,652
Operating Cash Flow to CapEx	552.21%	61.70%	566.13%	1,027.13%	187.65%	185.91%	1,161.31%	752.51%	241.00%	183.30%	654.85%
Free Cash Flow to Firm to Interest Expense	3.63	0.00	6.74	10.95	-2,548,763,446.43	0.00	8.12	9.68	177,970,882,617.83	0.00	102,632,451,906.83
Operating Cash Flow to Interest Expense	7.21	0.00	6.03	11.33	63,333,333,333.33	0.00	12.11	9.95	82,738,853,503.18	0.00	209,875,776,397.52
Operating Cash Flow Less CapEx to Interest Expense	5.90	0.00	4.97	10.22	29,583,333,333.33	0.00	11.07	8.62	48,407,643,312.10	0.00	177,826,086,956.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.99	2.20	2.00	2.04	2.02	2.02	1.87	1.88	1.92	1.97	1.83
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	3.50	3.59	3.22	3.39	3.22	3.25	3.02	3.28	3.19	3.25	3.03
Fixed Asset Turnover	5.30	5.30	5.28	5.17	5.18	4.91	4.89	4.82	4.77	4.74	4.73
Accounts Payable Turnover	5.42	5.92	4.98	5.42	5.43	5.98	4.82	5.43	5.45	6.20	4.83
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	104.21	101.77	113.36	107.78	113.32	112.37	120.88	111.42	114.55	112.20	120.29
Days Payable Outstanding (DPO)	67.33	61.61	73.32	67.35	67.25	60.99	75.65	67.21	66.96	58.85	75.58
Cash Conversion Cycle (CCC)	36.88	40.16	40.04	40.43	46.07	51.38	45.23	44.21	47.59	53.34	44.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,926	17,853	18,338	17,649	19,002	19,391	17,503	17,204	18,145	18,846	17,748
Invested Capital Turnover	5.53	5.37	5.25	5.16	5.02	4.64	4.77	4.82	4.51	4.38	4.72
Increase / (Decrease) in Invested Capital	-845	-455	176	-805	2,076	1,538	-835	-445	-857	-545	245
Enterprise Value (EV)	150,016	157,738	153,311	160,475	144,550	158,396	164,930	167,967	180,161	179,909	158,162
Market Capitalization	120,222	125,631	120,263	128,094	110,401	123,955	132,821	137,000	148,597	146,832	127,160
Book Value per Share	($20.73)	($23.57)	($24.67)	($25.14)	($26.25)	($26.17)	($25.53)	($24.15)	($23.65)	($25.20)	($23.68)
Tangible Book Value per Share	($20.73)	($23.57)	($24.67)	($25.14)	($26.25)	($26.17)	($25.53)	($24.15)	($23.65)	($25.20)	($23.68)
Total Capital	20,645	19,706	21,814	21,699	20,771	20,871	21,310	22,186	22,063	21,256	21,470
Total Debt	33,513	33,960	36,524	36,431	35,918	35,921	35,916	35,949	35,482	35,487	34,724
Total Long-Term Debt	32,904	32,876	35,863	35,839	35,374	35,384	34,622	34,659	32,906	32,901	30,541
Net Debt	29,794	32,107	33,048	32,381	34,149	34,441	32,109	30,967	31,564	33,077	31,002
Capital Expenditures (CapEx)	385	731	372	376	567	596	367	419	539	497	516
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,068	1,283	1,996	1,348	2,485	2,812	1,037	691	1,500	2,054	1,048
Debt-free Net Working Capital (DFNWC)	4,724	3,015	5,369	5,216	4,016	4,040	4,538	5,381	5,106	4,187	4,470
Net Working Capital (NWC)	4,115	1,931	4,708	4,624	3,472	3,503	3,244	4,091	2,530	1,601	287
Net Nonoperating Expense (NNE)	72	222	268	257	260	264	268	241	242	245	256
Net Nonoperating Obligations (NNO)	29,794	32,107	33,048	32,381	34,149	34,441	32,109	30,967	31,564	33,077	31,002
Total Depreciation and Amortization (D&A)	502	472	465	476	615	625	486	481	626	639	638
Debt-free, Cash-free Net Working Capital to Revenue	1.11%	1.32%	2.08%	1.45%	2.75%	3.26%	1.21%	0.82%	1.79%	2.45%	1.26%
Debt-free Net Working Capital to Revenue	4.92%	3.11%	5.61%	5.59%	4.45%	4.68%	5.31%	6.40%	6.10%	5.00%	5.37%
Net Working Capital to Revenue	4.29%	1.99%	4.92%	4.96%	3.85%	4.06%	3.80%	4.87%	3.02%	1.91%	0.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$1.75	$3.78	$4.56	$3.07	$1.82	$3.06	$4.18	$2.99	$2.02	$2.93
Adjusted Weighted Average Basic Shares Outstanding	618M	596.36M	596M	584M	576M	572.18M	571M	568M	565M	559.71M	559M
Adjusted Diluted Earnings per Share	$0.25	$1.74	$3.77	$4.56	$3.06	$1.81	$3.06	$4.17	$2.99	$2.01	$2.92
Adjusted Weighted Average Diluted Shares Outstanding	620M	596.36M	597M	585M	577M	572.18M	572M	570M	566M	559.71M	560M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	604.70M	596.36M	585.98M	577.12M	575.11M	572.18M	569.84M	567.29M	564.65M	559.71M	560.44M
Normalized Net Operating Profit after Tax (NOPAT)	647	1,180	2,528	2,930	2,033	1,284	2,023	2,624	1,937	1,369	1,897
Normalized NOPAT Margin	2.75%	5.26%	11.31%	11.74%	9.93%	6.90%	9.47%	11.13%	9.60%	7.38%	9.07%
Pre Tax Income Margin	2.68%	6.16%	13.15%	14.21%	11.48%	7.20%	10.77%	13.27%	11.00%	8.10%	10.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.13	0.00	9.42	11.40	160,476,190,476.19	0.00	7.54	10.87	161,528,662,420.38	0.00	154,906,832,298.14
NOPAT to Interest Expense	0.77	0.00	7.24	8.59	121,022,665,127.30	0.00	5.75	8.28	123,384,895,359.42	0.00	117,849,843,208.74
EBIT Less CapEx to Interest Expense	1.83	0.00	8.36	10.29	126,726,190,476.19	0.00	6.49	9.55	127,197,452,229.30	0.00	122,857,142,857.14
NOPAT Less CapEx to Interest Expense	-0.54	0.00	6.18	7.49	87,272,665,127.30	0.00	4.71	6.96	89,053,685,168.33	0.00	85,800,153,767.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.07%	36.82%	38.75%	42.45%	33.17%	32.76%	35.05%	36.59%	37.18%	36.88%	37.67%
Augmented Payout Ratio	275.47%	256.24%	230.34%	213.70%	136.69%	112.21%	103.67%	90.15%	79.24%	95.14%	85.05%

Key Financial Trends

The latest quarterly financial results for Lowe's Companies (NYSE: LOW) through Q1 2025 demonstrate solid profitability, a strong operating cash flow generation, ongoing capital investments, and significant debt management activities. Below is an analysis of key trends observed from the company’s income statements, balance sheets, and cash flow statements over the past four years.

Revenue Growth: Lowe's operating revenue increased from around $22.3 billion in Q1 2023 to $20.9 billion in Q1 2025, showing healthy demand and a consistent revenue base across quarters.
Improved Net Income: Consolidated net income rose significantly, reaching $1.64 billion in Q1 2025 from $1.75 billion in Q1 2024, and surpassing prior years, indicating improving profitability.
Gross Profit Margin Stability: Gross profit remained robust, e.g., $7.09 billion in Q1 2024 and $6.99 billion in Q1 2025, suggesting stable product margins amid cost fluctuations.
Strong Operating Cash Flow: Net cash from operating activities increased to $3.38 billion in Q1 2025 from $4.26 billion in Q1 2024, reflecting efficient cash generation from core business activities.
Capital Expenditure Control: Capital expenditures (purchase of property, plant & equipment) maintained a consistent level with $518 million in Q1 2025, only slightly above prior quarters, indicating steady investment in store infrastructure and operations.
Reduced Debt Levels: The company actively repaid long-term debt, repaying $798 million in Q1 2025, contributing to debt reduction from $35.3 billion in Q4 2023 to $30.5 billion in Q1 2025.
Dividend Payouts: Consistent dividend payments totaling $645 million in Q1 2025 ($1.15 per share) demonstrate a shareholder-friendly capital allocation policy.
Negative Total Common Equity: The total common equity remains negative (approximately -$13.25 billion in Q1 2025), likely due to accumulated losses or share buybacks exceeding retained earnings, a factor that investors should monitor.
Share Repurchases: The company repurchased $112 million of common equity in Q1 2025, indicating confidence but also impact on cash reserves.
Decreasing Cash & Equivalents at Times: While cash increased to $3.05 billion in Q1 2025, cash fluctuated over the last several quarters, with Q4 2023 cash as low as $921 million, suggesting some volatility in liquidity management.

Summary: Lowe’s financial performance exhibits strong revenue and earnings growth, along with solid cash flow generation and active debt repayment. The company's stable capital expenditures and dividends support operational sustainability and investor returns. However, the negative shareholders’ equity and fluctuations in liquidity warrant attention. Overall, Lowe's appears well-positioned with disciplined financial management, providing a robust foundation for future growth.

08/24/25 11:54 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Lowe's Companies' Financials

When does Lowe's Companies' financial year end?

According to the most recent income statement we have on file, Lowe's Companies' fiscal year ends in January. Their fiscal year 2025 ended on January 31, 2025.

How has Lowe's Companies' net income changed over the last 10 years?

Lowe's Companies' net income appears to be on an upward trend, with a most recent value of $6.96 billion in 2024, rising from $2.70 billion in 2014. The previous period was $7.73 billion in 2023. See where experts think Lowe's Companies is headed by visiting Lowe's Companies' forecast page.

What is Lowe's Companies' operating income?

Lowe's Companies' total operating income in 2024 was $10.47 billion, based on the following breakdown:

Total Gross Profit: $27.88 billion
Total Operating Expenses: $17.41 billion

How has Lowe's Companies' revenue changed over the last 10 years?

Over the last 10 years, Lowe's Companies' total revenue changed from $56.22 billion in 2014 to $83.67 billion in 2024, a change of 48.8%.

How much debt does Lowe's Companies have?

Lowe's Companies' total liabilities were at $57.33 billion at the end of 2024, a 0.9% increase from 2023, and a 163.6% increase since 2014.

How much cash does Lowe's Companies have?

In the past 10 years, Lowe's Companies' cash and equivalents has ranged from $405 million in 2015 to $4.69 billion in 2020, and is currently $1.76 billion as of their latest financial filing in 2024.

How has Lowe's Companies' book value per share changed over the last 10 years?

Over the last 10 years, Lowe's Companies' book value per share changed from 10.25 in 2014 to -25.20 in 2024, a change of -346.0%.

Related Companies

This page (NYSE:LOW) was last updated on 8/24/2025 by MarketBeat.com Staff

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Lowe's Companies (LOW) Financials

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Lowe's Companies (LOW) Financials

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