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Lowe's Companies (LOW) Financials

Lowe's Companies logo
$271.89 -0.51 (-0.19%)
Closing price 09/12/2025 03:59 PM Eastern
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$271.52 -0.37 (-0.13%)
As of 09/12/2025 07:22 PM Eastern
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Annual Income Statements for Lowe's Companies

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

Quarterly Income Statements for Lowe's Companies

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 8/1/2025
Net Income / (Loss) Attributable to Common Shareholders		 958 2,260 2,673 1,773 1,020 1,755 2,383 1,695 1,124 1,641 2,398
Consolidated Net Income / (Loss)		 958 2,260 2,673 1,773 1,020 1,755 2,383 1,695 1,124 1,641 2,398
Net Income / (Loss) Continuing Operations		 958 2,260 2,673 1,773 1,020 1,755 2,383 1,695 1,124 1,641 2,398
Total Pre-Tax Income 		1,383 2,939 3,545 2,351 1,340 2,301 3,130 2,219 1,503 2,157 3,156
Total Operating Income		 1,704 3,288 3,886 2,696 1,687 2,653 3,447 2,536 1,830 2,494 3,469
Total Gross Profit		 7,256 7,527 8,399 6,891 6,027 7,090 7,895 6,796 6,096 6,986 8,101
Total Revenue		 22,445 22,347 24,956 20,471 18,603 21,364 23,586 20,170 18,554 20,930 23,959
Operating Revenue		 22,445 22,347 24,956 20,471 18,603 21,364 23,586 20,170 18,554 20,930 23,959
Total Cost of Revenue		 15,189 14,820 16,557 13,580 12,576 14,274 15,691 13,374 12,458 13,944 15,858
Operating Cost of Revenue		 15,189 14,820 16,557 13,580 12,576 14,274 15,691 13,374 12,458 13,944 15,858
Total Operating Expenses		 5,552 4,239 4,513 4,195 4,340 4,437 4,448 4,260 4,266 4,492 4,632
Selling, General & Admin Expense		 5,131 3,824 4,086 3,761 3,899 4,009 4,025 3,827 3,821 4,046 4,175
Depreciation Expense		 421 415 427 434 441 428 423 433 445 446 457
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		 -321 -349 -341 -345 -347 -352 -317 -317 -327 -337 -313
Interest Expense		 -802 349 341 0.00 -690 0.00 0.00 0.00 -669 0.00 0.00
Interest & Investment Income		 - - - -345 - -352 -317 -317 - -337 -313
Income Tax Expense		 425 679 872 578 320 546 747 524 379 516 758
Basic Earnings per Share		 $1.75 $3.78 $4.56 $3.07 $1.82 $3.06 $4.18 $2.99 $2.02 $2.93 $4.28
Weighted Average Basic Shares Outstanding		 596.36M 596M 584M 576M 572.18M 571M 568M 565M 559.71M 559M 559M
Diluted Earnings per Share		 $1.74 $3.77 $4.56 $3.06 $1.81 $3.06 $4.17 $2.99 $2.01 $2.92 $4.27
Weighted Average Diluted Shares Outstanding		 596.36M 597M 585M 577M 572.18M 572M 570M 566M 559.71M 560M 560M
Weighted Average Basic & Diluted Shares Outstanding		 596.36M 585.98M 577.12M 575.11M 572.18M 569.84M 567.29M 564.65M 559.71M 560.44M 560.82M

Annual Cash Flow Statements for Lowe's Companies

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

Quarterly Cash Flow Statements for Lowe's Companies

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 8/1/2025
Net Change in Cash & Equivalents		 -1,844 1,602 544 -2,284 -289 2,316 1,123 -1,089 -1,510 1,293 1,806
Net Cash From Operating Activities		 451 2,106 3,862 1,064 1,108 4,262 3,153 1,299 911 3,379 4,231
Net Cash From Continuing Operating Activities		 451 2,106 3,839 1,087 1,108 4,262 3,087 1,375 901 3,379 4,231
Net Income / (Loss) Continuing Operations		 958 2,260 2,673 1,773 1,020 1,755 2,382 1,696 1,124 1,641 2,397
Consolidated Net Income / (Loss)		 958 2,260 2,673 1,773 1,020 1,755 2,382 1,696 1,124 1,641 2,397
Depreciation Expense		 472 465 476 486 496 486 481 494 511 507 515
Amortization Expense		 - - - 129 129 131 - 132 128 131 136
Non-Cash Adjustments To Reconcile Net Income		 81 111 -42 62 83 48 -116 15 -29 78 69
Changes in Operating Assets and Liabilities, net		 -1,590 -730 491 -1,363 -620 1,842 80 -962 -833 1,022 1,114
Net Cash From Investing Activities		 -194 -304 -411 -591 -595 -378 -422 -520 -418 -533 -1,810
Net Cash From Continuing Investing Activities		 -194 -304 -411 -591 -595 -378 -422 -520 -418 -533 -1,810
Purchase of Property, Plant & Equipment		 -739 -380 -385 -579 -620 -382 -426 -571 -548 -518 -495
Purchase of Investments		 -530 -450 -428 -405 -502 -277 -351 -371 -287 -391 -454
Sale of Property, Plant & Equipment		 8.00 8.00 9.00 12 24 15 7.00 32 51 2.00 5.00
Sale and/or Maturity of Investments		 577 412 399 404 507 266 305 347 286 375 452
Other Investing Activities, net		 -1.00 -17 -6.00 - -4.00 0.00 - -11 - -1.00 -4.00
Net Cash From Financing Activities		 -2,117 -200 -2,907 -2,757 -802 -1,568 -1,608 -1,868 -2,003 -1,553 -615
Net Cash From Continuing Financing Activities		 -2,117 -200 -2,907 -2,757 -802 -1,568 -1,608 -1,868 -2,003 -1,553 -615
Repayment of Debt		 -41 -449 395 -537 -31 -27 -41 -474 -45 -798 -37
Repurchase of Common Equity		 -1,997 -2,106 -2,250 -1,581 -201 -923 -1,007 -751 -1,372 -112 -1.00
Payment of Dividends		 -643 -633 -624 -642 -632 -633 -629 -654 -650 -645 -645
Issuance of Common Equity		 65 5.00 71 3.00 62 15 69 11 64 2.00 68

Annual Balance Sheets for Lowe's Companies

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
Goodwill		 - 154 1,082 1,307 303 - - - - - 311
Intangible Assets		 - - - - - - - - - - 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 3,986
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

Quarterly Balance Sheets for Lowe's Companies

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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 8/1/2025
Total Assets		 43,708 45,917 44,521 42,519 41,795 45,365 44,934 44,743 43,102 45,372 46,614
Total Current Assets		 21,442 23,918 22,236 19,968 19,071 22,750 22,337 21,977 20,358 22,675 22,639
Cash & Equivalents		 1,348 2,950 3,494 1,210 921 3,237 4,360 3,271 1,761 3,054 4,860
Short-Term Investments		 384 423 374 321 307 264 330 335 372 368 396
Inventories, net		 18,532 19,522 17,422 17,530 16,894 18,224 16,841 17,566 17,409 18,335 16,342
Other Current Assets		 1,178 1,023 946 907 949 1,025 806 805 816 918 1,041
Plant, Property, & Equipment, net		 17,567 17,402 17,373 17,527 17,653 17,531 17,515 17,586 17,649 17,636 17,708
Total Noncurrent Assets		 4,699 4,597 4,912 5,024 5,071 5,084 5,082 5,180 5,095 5,061 6,267
Long-Term Investments		 121 103 182 238 252 306 292 312 277 300 273
Goodwill		 - - - - - - 311 - - - 691
Intangible Assets		 - - - - - - 284 - - - 976
Noncurrent Deferred & Refundable Income Taxes		 250 150 230 280 248 115 184 261 244 118 140
Other Noncurrent Operating Assets		 4,328 4,344 4,500 4,506 4,571 4,663 4,011 4,607 4,574 4,643 4,187
Total Liabilities & Shareholders' Equity		 43,708 45,917 44,521 42,519 41,795 45,365 44,934 44,743 43,102 45,372 46,614
Total Liabilities		 57,962 60,627 59,253 57,666 56,845 59,971 58,697 58,162 57,333 58,626 58,014
Total Current Liabilities		 19,511 19,210 17,612 16,496 15,568 19,506 18,246 19,447 18,757 22,388 21,622
Short-Term Debt		 1,084 661 592 544 537 1,294 1,290 2,576 2,586 4,183 4,175
Accounts Payable		 10,524 11,885 10,333 9,914 8,704 11,737 10,336 10,602 9,290 11,235 9,513
Current Deferred Revenue		 1,603 1,645 1,566 1,499 1,408 1,409 1,417 1,359 1,358 1,500 1,558
Current Employee Benefit Liabilities		 1,109 766 1,026 750 954 870 1,055 828 1,008 853 1,098
Other Current Liabilities		 4,010 4,253 4,095 3,789 3,965 4,196 4,148 4,082 4,515 4,617 5,278
Total Noncurrent Liabilities		 38,451 41,417 41,641 41,170 41,277 40,465 40,451 38,715 38,576 36,238 36,392
Long-Term Debt		 32,876 35,863 35,839 35,374 35,384 34,622 34,659 32,906 32,901 30,541 30,548
Noncurrent Deferred Revenue		 1,201 1,206 1,231 1,228 1,225 1,225 1,256 1,260 1,268 1,266 1,283
Other Noncurrent Operating Liabilities		 4,374 4,348 4,571 4,568 4,668 4,618 4,536 4,549 4,407 4,431 4,561
Total Equity & Noncontrolling Interests		 -14,254 -14,710 -14,732 -15,147 -15,050 -14,606 -13,763 -13,419 -14,231 -13,254 -11,400
Total Preferred & Common Equity		 -14,254 -14,710 -14,732 -15,147 -15,050 -14,606 -13,763 -13,419 -14,231 -13,254 -11,400
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		 -14,254 -14,710 -14,732 -15,147 -15,050 -14,606 -13,763 -13,419 -14,231 -13,254 -11,400
Common Stock		 301 296 303 295 287 286 284 282 280 293 427
Retained Earnings		 -14,862 -15,310 -15,341 -15,744 -15,637 -15,188 -14,342 -13,993 -14,799 -13,833 -12,108
Accumulated Other Comprehensive Income / (Loss)		 307 304 306 302 300 296 295 292 288 286 281

Annual Metrics And Ratios for Lowe's Companies

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%

Quarterly Metrics And Ratios for Lowe's Companies

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 8/1/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.18% -5.55% -9.17% -12.81% -17.12% -4.40% -5.49% -1.47% -0.26% -2.03% 1.58%
EBITDA Growth		 -7.13% -1.37% -7.84% 132.19% 6.25% -16.36% -9.95% -4.50% 6.79% -4.22% 1.55%
EBIT Growth		 -7.84% -0.42% -8.11% 191.77% -1.00% -19.31% -11.30% -5.93% 8.48% -5.99% 0.64%
NOPAT Growth		 -14.64% 0.40% -8.18% 798.74% 8.79% -19.97% -10.44% -4.72% 6.57% -6.23% 0.44%
Net Income Growth		 -20.63% -3.13% -10.66% 1,051.30% 6.47% -22.35% -10.85% -4.40% 10.20% -6.50% 0.63%
EPS Growth		 -5.95% 7.41% -2.36% 1,124.00% 4.02% -18.83% -8.55% -2.29% 11.05% -4.58% 2.40%
Operating Cash Flow Growth		 -51.71% -29.26% 27.25% -49.95% 145.68% 102.37% -18.36% 22.09% -17.78% -20.72% 34.19%
Free Cash Flow Firm Growth		 82.57% 234.94% 56.07% -104.00% -115.52% 21.51% -17.82% 6,625.44% 853.76% -42.19% -33.35%
Invested Capital Growth		 -2.49% 0.97% -4.36% 12.27% 8.61% -4.55% -2.52% -4.51% -2.81% 1.40% 3.43%
Revenue Q/Q Growth		 -4.40% -0.44% 11.67% -17.97% -9.13% 14.84% 10.40% -14.48% -8.01% 12.81% 14.47%
EBITDA Q/Q Growth		 52.59% 72.47% 16.23% -24.09% -30.17% 35.77% 25.14% -19.50% -21.92% 26.85% 31.55%
EBIT Q/Q Growth		 84.42% 92.96% 18.19% -30.62% -37.43% 57.26% 29.93% -26.43% -27.84% 36.28% 39.09%
NOPAT Q/Q Growth		 421.76% 114.20% 15.89% -30.61% -36.84% 57.58% 29.70% -26.19% -29.35% 38.64% 38.92%
Net Income Q/Q Growth		 522.08% 135.91% 18.27% -33.67% -42.47% 72.06% 35.78% -28.87% -33.69% 46.00% 46.13%
EPS Q/Q Growth		 596.00% 116.67% 20.95% -32.89% -40.85% 69.06% 36.27% -28.30% -32.78% 45.27% 46.23%
Operating Cash Flow Q/Q Growth		 -78.79% 366.96% 83.38% -72.45% 4.14% 284.66% -26.02% -58.80% -29.87% 270.91% 25.21%
Free Cash Flow Firm Q/Q Growth		 52.66% 43.84% 58.78% -101.15% -492.88% 1,225.98% 7.38% -8.97% -31.52% -13.65% 23.81%
Invested Capital Q/Q Growth		 5.48% 2.72% -3.76% 7.67% 2.05% -9.74% -1.71% 5.47% 3.86% -5.83% 0.26%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 32.33% 33.68% 33.66% 33.66% 32.40% 33.19% 33.47% 33.69% 32.86% 33.38% 33.81%
EBITDA Margin		 9.69% 16.79% 17.48% 16.17% 12.43% 14.69% 16.65% 15.68% 13.31% 14.96% 17.20%
Operating Margin		 7.59% 14.71% 15.57% 13.17% 9.07% 12.42% 14.61% 12.57% 9.86% 11.92% 14.48%
EBIT Margin		 7.59% 14.71% 15.57% 13.17% 9.07% 12.42% 14.61% 12.57% 9.86% 11.92% 14.48%
Profit (Net Income) Margin		 4.27% 10.11% 10.71% 8.66% 5.48% 8.21% 10.10% 8.40% 6.06% 7.84% 10.01%
Tax Burden Percent		 69.27% 76.90% 75.40% 75.41% 76.12% 76.27% 76.13% 76.39% 74.78% 76.08% 75.98%
Interest Burden Percent		 81.16% 89.39% 91.22% 87.20% 79.43% 86.73% 90.80% 87.50% 82.13% 86.49% 90.98%
Effective Tax Rate		 30.73% 23.10% 24.60% 24.59% 23.88% 23.73% 23.87% 23.61% 25.22% 23.92% 24.02%
Return on Invested Capital (ROIC)		 28.23% 59.36% 60.64% 49.88% 32.02% 45.13% 53.65% 43.29% 32.28% 42.81% 52.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 27.43% 58.43% 59.77% 49.07% 31.22% 44.31% 52.89% 42.55% 31.56% 42.00% 51.78%
Return on Net Nonoperating Assets (RNNOA)		 -79.43% -157.24% -152.89% -111.99% -70.91% -98.48% -117.57% -97.89% -72.77% -95.14% -123.79%
Return on Equity (ROE)		 -51.20% -97.88% -92.25% -62.11% -38.89% -53.35% -63.93% -54.60% -40.49% -52.33% -71.22%
Cash Return on Invested Capital (CROIC)		 42.54% 38.71% 43.09% 36.77% 38.86% 50.81% 48.26% 46.98% 44.46% 43.03% 41.43%
Operating Return on Assets (OROA)		 16.68% 29.46% 31.82% 26.55% 18.32% 23.23% 27.45% 24.13% 19.44% 21.86% 26.45%
Return on Assets (ROA)		 9.38% 20.25% 21.89% 17.46% 11.08% 15.37% 18.98% 16.13% 11.94% 14.39% 18.28%
Return on Common Equity (ROCE)		 -51.20% -97.88% -92.25% -62.11% -38.89% -53.35% -63.93% -54.60% -40.49% -52.33% -71.22%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -43.26% -41.03% -50.60% 0.00% -49.44% -50.36% -51.07% 0.00% -51.63% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,180 2,528 2,930 2,033 1,284 2,023 2,624 1,937 1,369 1,897 2,636
NOPAT Margin		 5.26% 11.31% 11.74% 9.93% 6.90% 9.47% 11.13% 9.60% 7.38% 9.07% 11.00%
Net Nonoperating Expense Percent (NNEP)		 0.81% 0.92% 0.87% 0.81% 0.79% 0.82% 0.76% 0.74% 0.72% 0.81% 0.79%
Return On Investment Capital (ROIC_SIMPLE)		 5.99% - - - 6.15% - - - 6.44% 8.84% 11.30%
Cost of Revenue to Revenue		 67.67% 66.32% 66.34% 66.34% 67.60% 66.81% 66.53% 66.31% 67.14% 66.62% 66.19%
SG&A Expenses to Revenue		 22.86% 17.11% 16.37% 18.37% 20.96% 18.77% 17.07% 18.97% 20.59% 19.33% 17.43%
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		 24.74% 18.97% 18.08% 20.49% 23.33% 20.77% 18.86% 21.12% 22.99% 21.46% 19.33%
Earnings before Interest and Taxes (EBIT)		 1,704 3,288 3,886 2,696 1,687 2,653 3,447 2,536 1,830 2,494 3,469
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,176 3,753 4,362 3,311 2,312 3,139 3,928 3,162 2,469 3,132 4,120
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)		 1.29 1.26 1.37 1.22 1.44 1.56 1.63 1.77 1.75 1.53 1.52
Price to Earnings (P/E)		 19.52 18.90 21.19 14.41 16.04 18.39 19.77 21.68 21.11 18.58 18.50
Dividend Yield		 1.90% 2.08% 1.94% 2.25% 2.02% 1.90% 1.85% 1.72% 1.75% 2.02% 2.05%
Earnings Yield		 5.12% 5.29% 4.72% 6.94% 6.23% 5.44% 5.06% 4.61% 4.74% 5.38% 5.41%
Enterprise Value to Invested Capital (EV/IC)		 8.84 8.36 9.09 7.61 8.17 9.42 9.76 9.93 9.55 8.91 8.77
Enterprise Value to Revenue (EV/Rev)		 1.63 1.60 1.72 1.60 1.83 1.93 2.00 2.15 2.15 1.90 1.87
Enterprise Value to EBITDA (EV/EBITDA)		 12.45 12.68 13.70 10.73 11.33 12.82 12.97 14.07 13.88 12.34 12.12
Enterprise Value to EBIT (EV/EBIT)		 15.53 15.11 16.37 12.49 13.71 15.10 16.02 17.45 17.19 15.35 15.11
Enterprise Value to NOPAT (EV/NOPAT)		 21.80 21.17 23.01 16.65 18.05 19.94 21.09 22.89 22.62 20.20 19.91
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.37 19.86 18.78 19.32 19.46 16.02 17.52 18.34 18.69 18.09 15.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 20.51 21.70 20.63 21.88 21.89 18.11 19.97 20.65 21.17 20.85 21.53
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -2.38 -2.48 -2.47 -2.37 -2.39 -2.46 -2.61 -2.64 -2.49 -2.62 -3.05
Long-Term Debt to Equity		 -2.31 -2.44 -2.43 -2.34 -2.35 -2.37 -2.52 -2.45 -2.31 -2.30 -2.68
Financial Leverage		 -2.90 -2.69 -2.56 -2.28 -2.27 -2.22 -2.22 -2.30 -2.31 -2.27 -2.39
Leverage Ratio		 -4.63 -4.43 -3.94 -3.19 -2.92 -3.11 -3.14 -3.05 -2.90 -3.26 -3.64
Compound Leverage Factor		 -3.76 -3.96 -3.59 -2.79 -2.32 -2.70 -2.85 -2.67 -2.38 -2.82 -3.31
Debt to Total Capital		 172.33% 167.43% 167.89% 172.92% 172.11% 168.54% 162.03% 160.82% 166.95% 161.73% 148.88%
Short-Term Debt to Total Capital		 5.50% 3.03% 2.73% 2.62% 2.57% 6.07% 5.81% 11.68% 12.17% 19.48% 17.90%
Long-Term Debt to Total Capital		 166.83% 164.40% 165.16% 170.30% 169.54% 162.47% 156.22% 149.15% 154.78% 142.25% 130.98%
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		 -72.33% -67.43% -67.89% -72.92% -72.11% -68.54% -62.03% -60.82% -66.95% -61.73% -48.88%
Debt to EBITDA		 2.68 3.02 3.11 2.67 2.57 2.79 2.78 2.77 2.74 2.71 2.70
Net Debt to EBITDA		 2.53 2.73 2.76 2.53 2.46 2.50 2.39 2.47 2.55 2.42 2.27
Long-Term Debt to EBITDA		 2.59 2.97 3.06 2.63 2.53 2.69 2.68 2.57 2.54 2.38 2.37
Debt to NOPAT		 4.69 5.04 5.22 4.14 4.09 4.34 4.51 4.51 4.46 4.44 4.43
Net Debt to NOPAT		 4.44 4.56 4.64 3.93 3.92 3.88 3.89 4.01 4.16 3.96 3.72
Long-Term Debt to NOPAT		 4.54 4.95 5.14 4.07 4.03 4.19 4.35 4.18 4.14 3.90 3.90
Altman Z-Score		 3.23 3.17 3.32 3.06 3.09 3.02 3.19 3.22 3.18 2.90 3.01
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		 1.10 1.25 1.26 1.21 1.23 1.17 1.22 1.13 1.09 1.01 1.05
Quick Ratio		 0.09 0.18 0.22 0.09 0.08 0.18 0.26 0.19 0.11 0.15 0.24
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,635 2,352 3,735 -43 -254 2,858 3,069 2,794 1,914 1,652 2,046
Operating Cash Flow to CapEx		 61.70% 566.13% 1,027.13% 187.65% 185.91% 1,161.31% 752.51% 241.00% 183.30% 654.85% 863.47%
Free Cash Flow to Firm to Interest Expense		 0.00 6.74 10.95 -2,548,763,446.43 0.00 8.12 9.68 177,970,882,617.83 0.00 102,632,451,906.83 156,169,806,206.11
Operating Cash Flow to Interest Expense		 0.00 6.03 11.33 63,333,333,333.33 0.00 12.11 9.95 82,738,853,503.18 0.00 209,875,776,397.52 322,977,099,236.64
Operating Cash Flow Less CapEx to Interest Expense		 0.00 4.97 10.22 29,583,333,333.33 0.00 11.07 8.62 48,407,643,312.10 0.00 177,826,086,956.52 285,572,519,083.97
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.20 2.00 2.04 2.02 2.02 1.87 1.88 1.92 1.97 1.83 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		 3.59 3.22 3.39 3.22 3.25 3.02 3.28 3.19 3.25 3.03 3.35
Fixed Asset Turnover		 5.30 5.28 5.17 5.18 4.91 4.89 4.82 4.77 4.74 4.73 4.75
Accounts Payable Turnover		 5.92 4.98 5.42 5.43 5.98 4.82 5.43 5.45 6.20 4.83 5.61
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)		 101.77 113.36 107.78 113.32 112.37 120.88 111.42 114.55 112.20 120.29 108.85
Days Payable Outstanding (DPO)		 61.61 73.32 67.35 67.25 60.99 75.65 67.21 66.96 58.85 75.58 65.11
Cash Conversion Cycle (CCC)		 40.16 40.04 40.43 46.07 51.38 45.23 44.21 47.59 53.34 44.70 43.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 17,853 18,338 17,649 19,002 19,391 17,503 17,204 18,145 18,846 17,748 17,794
Invested Capital Turnover		 5.37 5.25 5.16 5.02 4.64 4.77 4.82 4.51 4.38 4.72 4.78
Increase / (Decrease) in Invested Capital		 -455 176 -805 2,076 1,538 -835 -445 -857 -545 245 590
Enterprise Value (EV)		 157,738 153,311 160,475 144,550 158,396 164,930 167,967 180,161 179,909 158,162 156,077
Market Capitalization		 125,631 120,263 128,094 110,401 123,955 132,821 137,000 148,597 146,832 127,160 126,883
Book Value per Share		 ($23.57) ($24.67) ($25.14) ($26.25) ($26.17) ($25.53) ($24.15) ($23.65) ($25.20) ($23.68) ($20.34)
Tangible Book Value per Share		 ($23.57) ($24.67) ($25.14) ($26.25) ($26.17) ($25.53) ($24.15) ($23.65) ($25.20) ($23.68) ($23.32)
Total Capital		 19,706 21,814 21,699 20,771 20,871 21,310 22,186 22,063 21,256 21,470 23,323
Total Debt		 33,960 36,524 36,431 35,918 35,921 35,916 35,949 35,482 35,487 34,724 34,723
Total Long-Term Debt		 32,876 35,863 35,839 35,374 35,384 34,622 34,659 32,906 32,901 30,541 30,548
Net Debt		 32,107 33,048 32,381 34,149 34,441 32,109 30,967 31,564 33,077 31,002 29,194
Capital Expenditures (CapEx)		 731 372 376 567 596 367 419 539 497 516 490
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,283 1,996 1,348 2,485 2,812 1,037 691 1,500 2,054 1,048 -64
Debt-free Net Working Capital (DFNWC)		 3,015 5,369 5,216 4,016 4,040 4,538 5,381 5,106 4,187 4,470 5,192
Net Working Capital (NWC)		 1,931 4,708 4,624 3,472 3,503 3,244 4,091 2,530 1,601 287 1,017
Net Nonoperating Expense (NNE)		 222 268 257 260 264 268 241 242 245 256 238
Net Nonoperating Obligations (NNO)		 32,107 33,048 32,381 34,149 34,441 32,109 30,967 31,564 33,077 31,002 29,194
Total Depreciation and Amortization (D&A)		 472 465 476 615 625 486 481 626 639 638 651
Debt-free, Cash-free Net Working Capital to Revenue		 1.32% 2.08% 1.45% 2.75% 3.26% 1.21% 0.82% 1.79% 2.45% 1.26% -0.08%
Debt-free Net Working Capital to Revenue		 3.11% 5.61% 5.59% 4.45% 4.68% 5.31% 6.40% 6.10% 5.00% 5.37% 6.21%
Net Working Capital to Revenue		 1.99% 4.92% 4.96% 3.85% 4.06% 3.80% 4.87% 3.02% 1.91% 0.34% 1.22%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.75 $3.78 $4.56 $3.07 $1.82 $3.06 $4.18 $2.99 $2.02 $2.93 $4.28
Adjusted Weighted Average Basic Shares Outstanding		 596.36M 596M 584M 576M 572.18M 571M 568M 565M 559.71M 559M 559M
Adjusted Diluted Earnings per Share		 $1.74 $3.77 $4.56 $3.06 $1.81 $3.06 $4.17 $2.99 $2.01 $2.92 $4.27
Adjusted Weighted Average Diluted Shares Outstanding		 596.36M 597M 585M 577M 572.18M 572M 570M 566M 559.71M 560M 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		 596.36M 585.98M 577.12M 575.11M 572.18M 569.84M 567.29M 564.65M 559.71M 560.44M 560.82M
Normalized Net Operating Profit after Tax (NOPAT)		 1,180 2,528 2,930 2,033 1,284 2,023 2,624 1,937 1,369 1,897 2,636
Normalized NOPAT Margin		 5.26% 11.31% 11.74% 9.93% 6.90% 9.47% 11.13% 9.60% 7.38% 9.07% 11.00%
Pre Tax Income Margin		 6.16% 13.15% 14.21% 11.48% 7.20% 10.77% 13.27% 11.00% 8.10% 10.31% 13.17%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 9.42 11.40 160,476,190,476.19 0.00 7.54 10.87 161,528,662,420.38 0.00 154,906,832,298.14 264,809,160,305.34
NOPAT to Interest Expense		 0.00 7.24 8.59 121,022,665,127.30 0.00 5.75 8.28 123,384,895,359.42 0.00 117,849,843,208.74 201,207,974,148.36
EBIT Less CapEx to Interest Expense		 0.00 8.36 10.29 126,726,190,476.19 0.00 6.49 9.55 127,197,452,229.30 0.00 122,857,142,857.14 227,404,580,152.67
NOPAT Less CapEx to Interest Expense		 0.00 6.18 7.49 87,272,665,127.30 0.00 4.71 6.96 89,053,685,168.33 0.00 85,800,153,767.74 163,803,393,995.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 36.82% 38.75% 42.45% 33.17% 32.76% 35.05% 36.59% 37.18% 36.88% 37.67% 37.82%
Augmented Payout Ratio		 256.24% 230.34% 213.70% 136.69% 112.21% 103.67% 90.15% 79.24% 95.14% 85.05% 70.43%

Key Financial Trends

Over the last four years, Lowe's Companies Inc. (NYSE: LOW) has demonstrated consistent revenue growth and improving profitability, accompanied by significant operational cash flow generation. Let's highlight the key trends and notable financial metrics based on quarterly data up to Q2 2025.

  • Revenue Growth: Operating revenue increased from about $22.3 billion in Q1 2023 to nearly $24.0 billion by Q2 2025, reflecting steady growth in sales.
  • Net Income Growth: Consolidated net income rose significantly from $2.26 billion in Q1 2023 to $2.40 billion in Q2 2025, with Q2 2025 marking the highest quarterly net income in this period.
  • Strong Operating Cash Flow: Net cash from continuing operating activities increased from $2.11 billion in Q1 2023 to $4.23 billion in Q2 2025, highlighting robust cash generation capacity.
  • Consistent Dividend Payments: Dividends per share increased modestly, with dividends paid rising from approximately $633 million in Q1 2023 to $645 million in Q2 2025, indicating shareholder return commitment.
  • Controlled Operating Expenses: Selling, general, and administrative expenses increased proportionally but remained under control relative to revenue growth, supporting higher gross profits ($6.0B in Q4 2023 to $8.1B in Q2 2025).
  • Capital Expenditures: Consistent investments in property, plant, and equipment averaging around $400-$500 million quarterly suggest ongoing focus on growth and maintenance, balanced with free cash flow considerations.
  • Equity Position: Total common equity remains negative by approximately $11.4 billion as of Q2 2025, which is due to retained earnings deficits despite stable total assets of around $46 billion.
  • Debt Levels: Long-term debt remains elevated around $30.5 billion in Q2 2025 but has decreased from over $35 billion in early 2023, reflecting some deleveraging efforts.
  • Inventories Fluctuations: Inventories peaked at over $19.5 billion in early 2023 and have declined to about $16.3 billion by Q2 2025, which could affect sales fulfillment or indicate changes in inventory management.
  • Stock Repurchases Varied: The company repurchased significant common equity quarterly, with fluctuations ranging from $1 million in Q2 2025 (downturn) to more than $1 billion in some previous quarters, possibly reflecting cautious management of capital deployment.

In summary, Lowe's has exhibited steady revenue and income growth supported by strong operating cash flows and disciplined expense management. The company continues to invest in capital expenditures while maintaining dividend payments to shareholders. However, the negative equity position and sustained high debt levels remain areas to monitor. Inventory management trends and share repurchase strategies suggest ongoing balancing of operational needs and capital returns.

Retail investors should consider these factors along with broader market conditions when evaluating Lowe's stock prospects.

09/13/25 02:46 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Lowe's Companies' Financials

When does Lowe's Companies' fiscal year end?

According to the most recent income statement we have on file, Lowe's Companies' financial year ends in January. Their financial 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. View Lowe's Companies' forecast to see where analysts expect Lowe's Companies to go next.

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%.


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This page (NYSE:LOW) was last updated on 9/13/2025 by MarketBeat.com Staff
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