Lowe's Companies (LOW) Financials

$223.57 +3.12 (+1.42%)

Closing price 05/14/2026 03:59 PM Eastern

Extended Trading

$220.40 -3.17 (-1.42%)

As of 04:31 AM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	1/30/2026
Net Income / (Loss) Attributable to Common Shareholders	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
Consolidated Net Income / (Loss)	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
Net Income / (Loss) Continuing Operations	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
Total Pre-Tax Income	4,419	5,201	5,489	3,394	5,623	7,739	11,208	9,036	10,175	9,153	8,747
Total Operating Income	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466	10,153
Total Gross Profit	20,570	21,674	22,434	22,908	22,943	29,572	32,056	32,257	28,844	27,877	28,885
Total Revenue	59,074	65,017	68,619	71,309	72,148	89,597	96,250	97,059	86,377	83,674	86,286
Operating Revenue	59,074	65,017	68,619	71,309	72,148	89,597	96,250	97,059	86,377	83,674	86,286
Total Cost of Revenue	38,504	43,343	46,185	48,401	49,205	60,025	64,194	64,802	57,533	55,797	57,401
Operating Cost of Revenue	38,504	43,343	46,185	48,401	49,205	60,025	64,194	64,802	57,533	55,797	57,401
Total Operating Expenses	15,599	15,828	15,848	18,890	16,629	19,925	19,963	22,098	17,287	17,411	18,732
Selling, General & Admin Expense	14,105	14,375	14,444	17,413	15,367	18,526	18,301	20,332	15,570	15,682	16,791
Depreciation Expense	1,494	1,453	1,404	1,477	1,262	1,399	1,662	1,766	1,717	1,729	1,941
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-552	-645	-1,097	-624	-691	-1,908	-885	-1,123	-1,382	-1,313	-1,406
Interest Expense	552	645	1,097	624	691	1,908	885	0.00	0.00	0.00	0.00
Interest & Investment Income	-	-	-	-	-	-	-	-1,123	-1,382	-1,313	-1,406
Income Tax Expense	1,873	2,108	2,042	1,080	1,342	1,904	2,766	2,599	2,449	2,196	2,093
Basic Earnings per Share	$2.73	$3.48	$4.09	$2.84	$5.49	$7.77	$12.07	$10.20	$13.23	$12.25	$11.87
Weighted Average Basic Shares Outstanding	927M	880M	842.80M	814.80M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M	560.06M
Diluted Earnings per Share	$2.73	$3.47	$4.09	$2.84	$5.49	$7.75	$12.04	$10.17	$13.20	$12.23	$11.85
Weighted Average Diluted Shares Outstanding	927M	880M	842.80M	814.80M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M	560.06M
Weighted Average Basic & Diluted Shares Outstanding	927M	880M	842.80M	814.80M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M	560.06M
Cash Dividends to Common per Share	$1.07	$1.33	$1.58	$1.85	$2.13	$2.30	$3.00	-	$4.35	$4.55	$4.75

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	10/31/2025	1/30/2026
Net Income / (Loss) Attributable to Common Shareholders	2,673	1,773	1,020	1,755	2,383	1,695	1,124	1,641	2,398	1,616	999
Consolidated Net Income / (Loss)	2,673	1,773	1,020	1,755	2,383	1,695	1,124	1,641	2,398	1,616	999
Net Income / (Loss) Continuing Operations	2,673	1,773	1,020	1,755	2,383	1,695	1,124	1,641	2,398	1,616	999
Total Pre-Tax Income	3,545	2,351	1,340	2,301	3,130	2,219	1,503	2,157	3,156	2,129	1,305
Total Operating Income	3,886	2,696	1,687	2,653	3,447	2,536	1,830	2,494	3,469	2,481	1,709
Total Gross Profit	8,399	6,891	6,027	7,090	7,895	6,796	6,096	6,986	8,101	7,116	6,682
Total Revenue	24,956	20,471	18,603	21,364	23,586	20,170	18,554	20,930	23,959	20,813	20,584
Operating Revenue	24,956	20,471	18,603	21,364	23,586	20,170	18,554	20,930	23,959	20,813	20,584
Total Cost of Revenue	16,557	13,580	12,576	14,274	15,691	13,374	12,458	13,944	15,858	13,697	13,902
Operating Cost of Revenue	16,557	13,580	12,576	14,274	15,691	13,374	12,458	13,944	15,858	13,697	13,902
Total Operating Expenses	4,513	4,195	4,340	4,437	4,448	4,260	4,266	4,492	4,632	4,635	4,973
Selling, General & Admin Expense	4,086	3,761	3,899	4,009	4,025	3,827	3,821	4,046	4,175	4,160	4,410
Depreciation Expense	427	434	441	428	423	433	445	446	457	475	563
Other Operating Expenses / (Income)	0.00	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	-341	-345	-347	-352	-317	-317	-327	-337	-313	-352	-404
Interest Expense	341	0.00	-690	0.00	0.00	0.00	-669	0.00	0.00	0.00	-0.00
Interest & Investment Income	-	-345	-	-352	-317	-317	-	-337	-313	-352	-404
Income Tax Expense	872	578	320	546	747	524	379	516	758	513	306
Basic Earnings per Share	$4.56	$3.07	$1.82	$3.06	$4.18	$2.99	$2.02	$2.93	$4.28	$2.88	$1.78
Weighted Average Basic Shares Outstanding	584M	576M	572.18M	571M	568M	565M	559.71M	559M	559M	559M	560.06M
Diluted Earnings per Share	$4.56	$3.06	$1.81	$3.06	$4.17	$2.99	$2.01	$2.92	$4.27	$2.88	$1.78
Weighted Average Diluted Shares Outstanding	585M	577M	572.18M	572M	570M	566M	559.71M	560M	560M	560M	560.06M
Weighted Average Basic & Diluted Shares Outstanding	577.12M	575.11M	572.18M	569.84M	567.29M	564.65M	559.71M	560.44M	560.82M	560.95M	560.06M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	1/30/2026
Net Change in Cash & Equivalents	-61	153	60	-46	205	3,974	-3,557	215	-427	840	-779
Net Cash From Operating Activities	4,784	5,617	5,065	6,193	4,296	11,049	10,113	8,589	8,140	9,625	9,864
Net Cash From Continuing Operating Activities	4,784	5,617	5,065	6,193	4,296	11,157	10,113	8,589	8,140	9,625	9,864
Net Income / (Loss) Continuing Operations	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
Consolidated Net Income / (Loss)	2,546	3,093	3,447	2,314	4,281	5,835	8,442	6,437	7,726	6,957	6,654
Depreciation Expense	1,587	1,590	1,540	1,607	1,410	1,594	1,882	1,981	1,923	1,972	2,194
Amortization Expense	-	-	-	-	-	479	-	530	499	520	572
Non-Cash Adjustments To Reconcile Net Income	741	535	521	1,656	860	1,354	781	2,762	214	49	300
Changes in Operating Assets and Liabilities, net	-90	399	-443	616	-2,255	1,895	-992	-3,121	-2,222	127	144
Net Cash From Investing Activities	-1,343	-3,361	-1,441	-1,080	-1,369	-1,894	-1,646	-1,309	-1,901	-1,738	-12,264
Net Cash From Continuing Investing Activities	-1,343	-3,361	-1,441	-1,080	-1,369	-1,894	-1,646	-1,309	-1,901	-1,738	-12,264
Purchase of Property, Plant & Equipment	-1,197	-1,167	-1,123	-1,174	-1,484	-1,791	-1,853	-1,829	-1,964	-1,927	-2,213
Acquisitions	-125	-2,356	-509	-	-	-	-	-	0.00	0.00	-10,088
Purchase of Investments	-934	-1,295	-981	-1,373	-743	-3,094	-3,065	-1,189	-1,785	-1,286	-1,693
Sale of Property, Plant & Equipment	57	37	45	76	163	90	113	45	53	105	82
Divestitures	-	-	-	-	-	0.00	0.00	491	100	177	0.00
Sale and/or Maturity of Investments	884	1,433	1,114	1,393	695	2,926	3,293	1,174	1,722	1,204	1,658
Other Investing Activities, net	-28	-13	13	-2.00	0.00	-25	-134	-1.00	-27	-11	-10
Net Cash From Financing Activities	-3,493	-2,092	-3,607	-5,124	-2,735	-5,191	-12,016	-7,049	-6,666	-7,047	1,621
Net Cash From Continuing Financing Activities	-3,493	-2,092	-3,607	-5,124	-2,735	-5,191	-12,016	-7,049	-6,666	-7,047	1,621
Repayment of Debt	-454	-1,248	-2,859	-746	-894	-5,656	-2,124	-872	-622	-587	-2,655
Repurchase of Common Equity	-3,925	-3,595	-3,192	-3,037	-4,313	-4,971	-13,012	-14,124	-6,138	-4,053	-211
Payment of Dividends	-957	-1,121	-1,288	-1,455	-1,618	-1,704	-1,984	-2,370	-2,531	-2,566	-2,636
Issuance of Debt	1,718	3,733	3,593	0.00	3,972	6,988	4,972	10,166	2,484	0.00	6,974
Issuance of Common Equity	125	139	139	114	118	152	132	151	141	159	149

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	10/31/2025	1/30/2026
Net Change in Cash & Equivalents	544	-2,284	-289	2,316	1,123	-1,089	-1,510	1,293	1,806	-4,239	361
Net Cash From Operating Activities	3,862	1,064	1,108	4,262	3,153	1,299	911	3,379	4,231	687	1,567
Net Cash From Continuing Operating Activities	3,839	1,087	1,108	4,262	3,087	1,375	901	3,379	4,231	687	1,567
Net Income / (Loss) Continuing Operations	2,673	1,773	1,020	1,755	2,382	1,696	1,124	1,641	2,397	1,616	1,000
Consolidated Net Income / (Loss)	2,673	1,773	1,020	1,755	2,382	1,696	1,124	1,641	2,397	1,616	1,000
Depreciation Expense	476	486	496	486	481	494	511	507	515	535	637
Amortization Expense	-	129	129	131	-	132	128	131	136	138	167
Non-Cash Adjustments To Reconcile Net Income	-42	62	83	48	-116	15	-29	78	69	75	78
Changes in Operating Assets and Liabilities, net	491	-1,363	-620	1,842	80	-962	-833	1,022	1,114	-1,677	-315
Net Cash From Investing Activities	-411	-591	-595	-378	-422	-520	-418	-533	-1,810	-9,344	-577
Net Cash From Continuing Investing Activities	-411	-591	-595	-378	-422	-520	-418	-533	-1,810	-9,344	-577
Purchase of Property, Plant & Equipment	-385	-579	-620	-382	-426	-571	-548	-518	-495	-597	-603
Acquisitions	-	-	-	-	-	-	-	-	-	-8,741	-33
Purchase of Investments	-428	-405	-502	-277	-351	-371	-287	-391	-454	-445	-403
Sale of Property, Plant & Equipment	9.00	12	24	15	7.00	32	51	2.00	5.00	18	57
Sale and/or Maturity of Investments	399	404	507	266	305	347	286	375	452	425	406
Other Investing Activities, net	-6.00	-	-4.00	0.00	-	-11	-	-1.00	-4.00	-4.00	-1.00
Net Cash From Financing Activities	-2,907	-2,757	-802	-1,568	-1,608	-1,868	-2,003	-1,553	-615	4,418	-629
Net Cash From Continuing Financing Activities	-2,907	-2,757	-802	-1,568	-1,608	-1,868	-2,003	-1,553	-615	4,418	-629
Repayment of Debt	395	-537	-31	-27	-41	-474	-45	-798	-37	-1,797	-23
Payment of Dividends	-624	-642	-632	-633	-629	-654	-650	-645	-645	-673	-673
Issuance of Common Equity	71	3.00	62	15	69	11	64	2.00	68	12	67

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	1/30/2026
Total Assets	31,266	34,408	35,291	34,508	39,471	46,735	44,640	43,708	41,795	43,102	54,144
Total Current Assets	10,561	12,000	12,772	14,228	15,318	22,326	20,060	21,442	19,071	20,358	20,955
Cash & Equivalents	405	558	588	511	716	4,690	1,133	1,348	921	1,761	982
Short-Term Investments	307	100	102	218	160	506	271	384	307	372	370
Accounts Receivable	-	-	-	-	-	-	-	-	-	94	1,090
Inventories, net	9,458	10,458	11,393	12,561	13,179	16,193	17,605	18,532	16,894	17,409	17,300
Other Current Assets	391	884	689	938	1,263	937	1,051	1,178	949	722	1,213
Plant, Property, & Equipment, net	19,577	19,949	19,721	18,432	18,769	19,155	19,071	17,567	17,653	17,649	18,362
Total Noncurrent Assets	1,128	2,459	2,798	1,848	5,384	5,254	5,509	4,699	5,071	5,095	14,827
Long-Term Investments	222	366	408	256	372	200	199	121	252	277	319
Goodwill	154	1,082	1,307	303	-	-	-	-	-	311	3,945
Intangible Assets	-	-	-	-	-	-	-	-	-	277	5,908
Noncurrent Deferred & Refundable Income Taxes	241	222	168	294	216	340	164	250	248	244	0.00
Other Noncurrent Operating Assets	511	789	915	995	4,796	4,714	5,146	4,328	4,571	3,986	4,655
Total Liabilities & Shareholders' Equity	31,266	34,408	35,291	34,508	39,471	46,735	44,640	43,708	41,795	43,102	54,144
Total Liabilities	23,612	27,974	29,418	30,864	37,499	45,298	49,456	57,962	56,845	57,333	64,061
Total Current Liabilities	10,492	11,974	12,096	14,497	15,182	18,730	19,668	19,511	15,568	18,757	19,463
Short-Term Debt	1,104	1,305	1,431	1,832	2,538	1,112	868	1,084	537	2,586	2,431
Accounts Payable	5,633	6,651	6,590	8,279	7,659	10,884	11,354	10,524	8,704	9,290	9,762
Current Deferred Revenue	1,078	1,253	1,378	1,299	1,219	1,608	1,914	1,603	1,408	1,358	1,477
Current Employee Benefit Liabilities	820	790	747	662	684	1,350	1,561	1,109	954	1,008	1,285
Other Current Liabilities	1,857	1,975	1,950	2,425	3,082	3,776	3,843	4,010	3,965	4,515	4,508
Total Noncurrent Liabilities	13,120	16,000	17,322	16,367	22,317	26,568	29,788	38,451	41,277	38,576	44,598
Long-Term Debt	11,545	14,394	15,564	14,391	16,768	20,668	23,859	32,876	35,384	32,901	37,490
Noncurrent Deferred Revenue	729	763	803	827	894	1,019	1,127	1,201	1,225	1,268	1,262
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	0.00	1,039
Other Noncurrent Operating Liabilities	846	843	955	1,149	4,655	4,881	4,802	4,374	4,668	4,407	4,807
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231	-9,917
Total Preferred & Common Equity	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231	-9,917
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	7,654	6,434	5,873	3,644	1,972	1,437	-4,816	-14,254	-15,050	-14,231	-9,917
Common Stock	455	433	437	401	381	456	335	301	287	280	651
Retained Earnings	7,593	6,241	5,425	3,452	1,727	1,117	-5,115	-14,862	-15,637	-14,799	-10,839
Accumulated Other Comprehensive Income / (Loss)	-394	-240	11	-209	-136	-136	-36	307	300	288	271

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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	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	10/31/2025
Total Assets	45,917	44,521	42,519	41,795	45,365	44,934	44,743	43,102	45,372	46,614	53,453
Total Current Assets	23,918	22,236	19,968	19,071	22,750	22,337	21,977	20,358	22,675	22,639	20,220
Cash & Equivalents	2,950	3,494	1,210	921	3,237	4,360	3,271	1,761	3,054	4,860	621
Short-Term Investments	423	374	321	307	264	330	335	372	368	396	412
Accounts Receivable	-	-	-	-	-	-	108	-	-	-	1,216
Inventories, net	19,522	17,422	17,530	16,894	18,224	16,841	17,566	17,409	18,335	16,342	17,183
Other Current Assets	1,023	946	907	949	1,025	806	697	816	918	1,041	788
Plant, Property, & Equipment, net	17,402	17,373	17,527	17,653	17,531	17,515	17,586	17,649	17,636	17,708	18,309
Total Noncurrent Assets	4,597	4,912	5,024	5,071	5,084	5,082	5,180	5,095	5,061	6,267	14,924
Long-Term Investments	103	182	238	252	306	292	312	277	300	273	280
Goodwill	-	-	-	-	-	311	311	-	-	691	3,982
Intangible Assets	-	-	-	-	-	284	281	-	-	976	5,994
Noncurrent Deferred & Refundable Income Taxes	150	230	280	248	115	184	261	244	118	140	0.00
Other Noncurrent Operating Assets	4,344	4,500	4,506	4,571	4,663	4,011	4,015	4,574	4,643	4,187	4,668
Total Liabilities & Shareholders' Equity	45,917	44,521	42,519	41,795	45,365	44,934	44,743	43,102	45,372	46,614	53,453
Total Liabilities	60,627	59,253	57,666	56,845	59,971	58,697	58,162	57,333	58,626	58,014	63,835
Total Current Liabilities	19,210	17,612	16,496	15,568	19,506	18,246	19,447	18,757	22,388	21,622	19,451
Short-Term Debt	661	592	544	537	1,294	1,290	2,576	2,586	4,183	4,175	2,437
Accounts Payable	11,885	10,333	9,914	8,704	11,737	10,336	10,602	9,290	11,235	9,513	10,236
Current Deferred Revenue	1,645	1,566	1,499	1,408	1,409	1,417	1,359	1,358	1,500	1,558	1,537
Current Employee Benefit Liabilities	766	1,026	750	954	870	1,055	828	1,008	853	1,098	1,023
Other Current Liabilities	4,253	4,095	3,789	3,965	4,196	4,148	4,082	4,515	4,617	5,278	4,218
Total Noncurrent Liabilities	41,417	41,641	41,170	41,277	40,465	40,451	38,715	38,576	36,238	36,392	44,384
Long-Term Debt	35,863	35,839	35,374	35,384	34,622	34,659	32,906	32,901	30,541	30,548	37,498
Noncurrent Deferred Revenue	1,206	1,231	1,228	1,225	1,225	1,256	1,260	1,268	1,266	1,283	1,273
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.00	-	-	-	808
Other Noncurrent Operating Liabilities	4,348	4,571	4,568	4,668	4,618	4,536	4,549	4,407	4,431	4,561	4,805
Total Equity & Noncontrolling Interests	-14,710	-14,732	-15,147	-15,050	-14,606	-13,763	-13,419	-14,231	-13,254	-11,400	-10,382
Total Preferred & Common Equity	-14,710	-14,732	-15,147	-15,050	-14,606	-13,763	-13,419	-14,231	-13,254	-11,400	-10,382
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	-14,710	-14,732	-15,147	-15,050	-14,606	-13,763	-13,419	-14,231	-13,254	-11,400	-10,382
Common Stock	296	303	295	287	286	284	282	280	293	427	508
Retained Earnings	-15,310	-15,341	-15,744	-15,637	-15,188	-14,342	-13,993	-14,799	-13,833	-12,108	-11,165
Accumulated Other Comprehensive Income / (Loss)	304	306	302	300	296	295	292	288	286	281	275

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	1/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	560,951,457.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	560,951,457.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	11.86
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	2,864	3,477	4,136	2,739	4,807	7,274	9,109	7,237	8,775	7,955	7,724
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	36.72%	42.05%	37.42%	25.74%
Earnings before Interest and Taxes (EBIT)	4,971	5,846	6,586	4,018	6,314	9,647	12,093	10,159	11,557	10,466	10,153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,558	7,436	8,126	5,625	7,724	11,720	13,975	12,670	13,979	12,958	12,919
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,876	1,737	3,475	5,627	3,659	9,483	8,622	7,692	7,237	8,500	-1,763
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19,369	21,109	21,770	18,882	20,030	17,821	18,308	17,853	19,391	18,846	28,333
Increase / (Decrease) in Invested Capital	-1,012	1,740	661	-2,888	1,148	-2,209	487	-455	1,538	-545	9,487
Book Value per Share	$8.36	$7.40	$7.08	$4.54	$2.57	$1.96	($7.15)	($23.57)	($26.17)	($25.20)	($17.68)
Tangible Book Value per Share	$8.20	$6.15	$5.50	$4.16	$2.57	$1.96	($7.15)	($23.57)	($26.17)	($25.20)	($35.24)
Total Capital	20,303	22,133	22,868	19,867	21,278	23,217	19,911	19,706	20,871	21,256	30,004
Total Debt	12,649	15,699	16,995	16,223	19,306	21,780	24,727	33,960	35,921	35,487	39,921
Total Long-Term Debt	11,545	14,394	15,564	14,391	16,768	20,668	23,859	32,876	35,384	32,901	37,490
Net Debt	11,715	14,675	15,897	15,238	18,058	16,384	23,124	32,107	34,441	33,077	38,250
Capital Expenditures (CapEx)	1,140	1,130	1,078	1,098	1,321	1,701	1,740	1,784	1,911	1,822	2,131
Debt-free, Cash-free Net Working Capital (DFCFNWC)	461	673	1,417	834	1,798	-488	-144	1,283	2,812	2,054	2,571
Debt-free Net Working Capital (DFNWC)	1,173	1,331	2,107	1,563	2,674	4,708	1,260	3,015	4,040	4,187	3,923
Net Working Capital (NWC)	69	26	676	-269	136	3,596	392	1,931	3,503	1,601	1,492
Net Nonoperating Expense (NNE)	318	384	689	425	526	1,439	667	800	1,049	998	1,070
Net Nonoperating Obligations (NNO)	11,715	14,675	15,897	15,238	18,058	16,384	23,124	32,107	34,441	33,077	38,250
Total Depreciation and Amortization (D&A)	1,587	1,590	1,540	1,607	1,410	2,073	1,882	2,511	2,422	2,492	2,766
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.73	$3.48	$4.09	$2.84	$5.49	$7.77	$12.07	$10.20	$13.23	$12.25	$11.87
Adjusted Weighted Average Basic Shares Outstanding	897.44M	857.33M	825.77M	795.92M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M	560.06M
Adjusted Diluted Earnings per Share	$2.73	$3.47	$4.09	$2.84	$5.49	$7.75	$12.04	$10.17	$13.20	$12.23	$11.85
Adjusted Weighted Average Diluted Shares Outstanding	897.44M	857.33M	825.77M	795.92M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M	560.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.84	$5.49	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	897.44M	857.33M	825.77M	795.92M	754.95M	717.26M	661.56M	596.36M	572.18M	559.71M	560.06M
Normalized Net Operating Profit after Tax (NOPAT)	2,864	3,477	4,136	2,739	4,807	7,274	9,109	7,237	8,775	7,955	7,724
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	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	10/31/2025	1/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	560,951,457.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	560,951,457.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.78
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	2,930	2,033	1,284	2,023	2,624	1,937	1,369	1,897	2,636	1,883	1,308
Return On Investment Capital (ROIC_SIMPLE)	-	-	6.15%	-	-	-	6.44%	8.84%	11.30%	6.37%	4.36%
Earnings before Interest and Taxes (EBIT)	3,886	2,696	1,687	2,653	3,447	2,536	1,830	2,494	3,469	2,481	1,709
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,362	3,311	2,312	3,139	3,928	3,162	2,469	3,132	4,120	3,154	2,513
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,735	-43	-254	2,858	3,069	2,794	1,914	1,652	2,046	-8,212	-8,179
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,649	19,002	19,391	17,503	17,204	18,145	18,846	17,748	17,794	28,240	28,333
Increase / (Decrease) in Invested Capital	-805	2,076	1,538	-835	-445	-857	-545	245	590	10,095	9,487
Book Value per Share	($25.14)	($26.25)	($26.17)	($25.53)	($24.15)	($23.65)	($25.20)	($23.68)	($20.34)	($18.51)	($17.68)
Tangible Book Value per Share	($25.14)	($26.25)	($26.17)	($25.53)	($24.15)	($23.65)	($25.20)	($23.68)	($23.32)	($36.30)	($35.24)
Total Capital	21,699	20,771	20,871	21,310	22,186	22,063	21,256	21,470	23,323	29,553	30,004
Total Debt	36,431	35,918	35,921	35,916	35,949	35,482	35,487	34,724	34,723	39,935	39,921
Total Long-Term Debt	35,839	35,374	35,384	34,622	34,659	32,906	32,901	30,541	30,548	37,498	37,490
Net Debt	32,381	34,149	34,441	32,109	30,967	31,564	33,077	31,002	29,194	38,622	38,250
Capital Expenditures (CapEx)	376	567	596	367	419	539	497	516	490	579	546
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,348	2,485	2,812	1,037	691	1,500	2,054	1,048	-64	2,173	2,571
Debt-free Net Working Capital (DFNWC)	5,216	4,016	4,040	4,538	5,381	5,106	4,187	4,470	5,192	3,206	3,923
Net Working Capital (NWC)	4,624	3,472	3,503	3,244	4,091	2,530	1,601	287	1,017	769	1,492
Net Nonoperating Expense (NNE)	257	260	264	268	241	242	245	256	238	267	309
Net Nonoperating Obligations (NNO)	32,381	34,149	34,441	32,109	30,967	31,564	33,077	31,002	29,194	38,622	38,250
Total Depreciation and Amortization (D&A)	476	615	625	486	481	626	639	638	651	673	804
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.56	$3.07	$1.82	$3.06	$4.18	$2.99	$2.02	$2.93	$4.28	$2.88	$1.78
Adjusted Weighted Average Basic Shares Outstanding	584M	576M	572.18M	571M	568M	565M	559.71M	559M	559M	559M	560.06M
Adjusted Diluted Earnings per Share	$4.56	$3.06	$1.81	$3.06	$4.17	$2.99	$2.01	$2.92	$4.27	$2.88	$1.78
Adjusted Weighted Average Diluted Shares Outstanding	585M	577M	572.18M	572M	570M	566M	559.71M	560M	560M	560M	560.06M
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	577.12M	575.11M	572.18M	569.84M	567.29M	564.65M	559.71M	560.44M	560.82M	560.95M	560.06M
Normalized Net Operating Profit after Tax (NOPAT)	2,930	2,033	1,284	2,023	2,624	1,937	1,369	1,897	2,636	1,883	1,308
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Key takeaways for Lowe's (NYSE: LOW) investors from the last four years of quarterly results show solid revenue growth and cash generation in 2025, but earnings per share have cooled in the second half and the balance sheet remains highly leveraged. Below are the top trends, based on the provided quarterly data.

Revenue growth in 2025 versus 2024. Quarterly Revenue/Operating Revenue rose into the $20.6B range in Q4 2025 (about $20.58B) versus about $18.6B in Q4 2024, with 2025 quarters showing higher year-over-year activity. This indicates continued demand and a larger top line.
Gross margin remains solid and relatively stable. Across 2025, gross margins hovered in the low- to mid-30% range (e.g., ~32% to 33%), implying pricing discipline and cost control despite revenue fluctuations.
Operating cash flow remains robust across 2025. Net cash from continuing operating activities was strong in several 2025 quarters (e.g., about $4.23B in Q2 2025 and $1.57B in Q4 2025), underscoring healthy cash generation beyond net income.
Liquidity improving—cash balance rising through 2025. Cash and cash equivalents grew from roughly $3.05B in Q1 2025 to about $6.21B by Q3 2025, improving liquidity and cushion for ongoing investments and debt service.
Capital spending remains steady, centered on store/property investments. Quarterly capex (Purchase of PPE) runs around $0.5B-$0.6B (for example, about $597M in Q3 2025 and $603M in Q4 2025), indicating ongoing investment in stores, facilities, and capacity.
Dividends per share and returns appear stable. Cash dividends per common share are in the $1.15–$1.20 range across 2025 quarters, signaling ongoing capital return to shareholders without dramatic changes.
Earnings per share show volatility quarter-to-quarter. Diluted and basic EPS fluctuated meaningfully (e.g., Q2 2025 diluted EPS around $4.27 vs. Q4 2025 diluted EPS around $1.78), reflecting seasonality, mix, and quarterly swings in profitability.
Leverage remains a concern—the liability base is sizable and debt levels are high. Total liabilities sit in the mid-to-upper tens of billions (with long-term debt typically in the $30–38B range across 2025 quarters), and total liabilities on the balance sheet are around $63–64B in mid-2025 periods, indicating elevated leverage and financing risk.

05/15/26 01:54 AM ETAI Generated. May Contain Errors.

Lowe's Companies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lowe's Companies' fiscal year ends in January. Their fiscal year 2026 ended on January 30, 2026.

Lowe's Companies' net income appears to be on an upward trend, with a most recent value of $6.65 billion in 2025, rising from $2.55 billion in 2015. The previous period was $6.96 billion in 2024. Find out what analysts predict for Lowe's Companies in the coming months.

Lowe's Companies' total operating income in 2025 was $10.15 billion, based on the following breakdown:

Total Gross Profit: $28.89 billion
Total Operating Expenses: $18.73 billion

Over the last 10 years, Lowe's Companies' total revenue changed from $59.07 billion in 2015 to $86.29 billion in 2025, a change of 46.1%.

Lowe's Companies' total liabilities were at $64.06 billion at the end of 2025, a 11.7% increase from 2024, and a 171.3% increase since 2015.

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 $982 million as of their latest financial filing in 2025.

Over the last 10 years, Lowe's Companies' book value per share changed from 8.36 in 2015 to -17.68 in 2025, a change of -311.4%.

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Financial statements for NYSE:LOW last updated on 3/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lowe's Companies (LOW) Financials

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Lowe's Companies (LOW) Financials

Annual Income Statements for Lowe's Companies

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Quarterly Metrics And Ratios for Lowe's Companies

Financials Breakdown Chart

Key Financial Trends

Lowe's Companies Financials - Frequently Asked Questions

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