What is Lowes Companies's earnings per share (EPS)?

Lowes Companies (LOW) reported diluted earnings per share of $11.85 for fiscal year 2025. This represents a -3.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lowes Companies Financials

LOW

FY2025 annual

Revenue $86.3B +3.1% YoY

Net Income $6.7B -4.4% YoY

EPS (Diluted) $11.85 -3.1% YoY

Free Cash Flow $7.7B -0.6% YoY

Source SEC Filings (10-K/10-Q) Data as of May 1, 2026 Currency USD FYE January

Lowes Companies (LOW) reported $86.3B in revenue for fiscal year 2025, up 3.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LOW FY2025 2026-08-15

Cash-generative retail operations are paired with debt-funded capital structure and thin, inventory-heavy liquidity.

Cash conversion remains stronger than reported earnings: FY2025 operating cash flow of $9.9B exceeded net income of $6.7B, while free cash flow reached $7.7B after $2.2B of capital expenditures. Yet the balance sheet carries $37.5B of long-term debt against only $982M of cash, so internally generated cash is supporting a structurally leveraged model rather than building a large liquidity reserve.

Stable gross margins near 33.5% across the latest two years indicate the revenue recovery was not accompanied by a major merchandise-margin shift. However, FY2025 operating margin fell to 11.8% from 12.5% as selling, general and administrative expense rose to $16.8B, showing that overhead absorbed more of the gross profit.

Liquidity is workable but narrow: current assets of $21.0B were only modestly above current liabilities of $19.5B, with inventory at $17.3B. Combined with negative total equity of -$9.9B, this means day-to-day financial flexibility depends heavily on inventory circulation and continued operating cash generation rather than a substantial equity cushion.

Financial Health Signals

Financial Health Score 52/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lowes Companies's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Lowes Companies has an operating margin of 11.8%, meaning the company retains $12 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is down from 12.5% the prior year.

Growth

Lowes Companies's revenue grew a modest 3.1% year-over-year to $86.3B. This slow but positive growth earns a score of 31/100.

Leverage

Liquidity

Lowes Companies's current ratio of 1.08 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Lowes Companies has a free cash flow margin of 8.9%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Altman Z-Score Safe

3.10

Lowes Companies scores 3.10, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Lowes Companies passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, Lowes Companies generates $1.48 in operating cash flow ($9.9B OCF vs $6.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$86.3B

YoY+3.1%

5Y CAGR-0.8%

10Y CAGR+3.9%

Lowes Companies generated $86.3B in revenue in fiscal year 2025. This represents an increase of 3.1% from the prior year.

EBITDA

$12.3B

YoY-0.7%

5Y CAGR+1.9%

10Y CAGR+6.5%

Lowes Companies's EBITDA was $12.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.7% from the prior year.

Net Income

$6.7B

YoY-4.4%

5Y CAGR+2.7%

10Y CAGR+10.1%

Lowes Companies reported $6.7B in net income in fiscal year 2025. This represents a decrease of 4.4% from the prior year.

EPS (Diluted)

$11.85

YoY-3.1%

5Y CAGR+8.9%

10Y CAGR+15.8%

Lowes Companies earned $11.85 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$7.7B

YoY-0.6%

5Y CAGR-3.7%

10Y CAGR+7.9%

Lowes Companies generated $7.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 0.6% from the prior year.

Cash & Debt

$982.0M

YoY-44.2%

5Y CAGR-26.9%

10Y CAGR+9.3%

Lowes Companies held $982.0M in cash against $37.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

$4.75

YoY+4.4%

5Y CAGR+15.6%

10Y CAGR+16.1%

Lowes Companies paid $4.75 per share in dividends in fiscal year 2025. This represents an increase of 4.4% from the prior year.

Shares Outstanding

561M

YoY-0.7%

5Y CAGR-5.2%

10Y CAGR-4.8%

Lowes Companies had 561M shares outstanding in fiscal year 2025. This represents a decrease of 0.7% from the prior year.

Margins & Returns

Gross Margin

33.5%

YoY+0.2pp

5Y CAGR+0.5pp

10Y CAGR-1.3pp

Lowes Companies's gross margin was 33.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.

Operating Margin

11.8%

YoY-0.7pp

5Y CAGR+1.0pp

10Y CAGR+3.4pp

Lowes Companies's operating margin was 11.8% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.

Net Margin

7.7%

YoY-0.6pp

5Y CAGR+1.2pp

10Y CAGR+3.4pp

Lowes Companies's net profit margin was 7.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.

Return on Equity

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$211.0M

YoY-94.8%

5Y CAGR-46.8%

10Y CAGR-25.3%

Lowes Companies spent $211.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 94.8% from the prior year.

Capital Expenditures

$2.2B

YoY+14.8%

5Y CAGR+4.3%

10Y CAGR+6.3%

Lowes Companies invested $2.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.8% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

LOW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LOW annual income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$86.3B+3.1%	$83.7B-3.1%	$86.4B-11.0%	$97.1B+0.8%	$96.3B+7.4%	$89.6B+24.2%	$72.1B+1.2%	$71.3B+3.9%	$68.6B+5.5%	$65.0B+10.1%	$59.1B+5.1%	$56.2B+5.3%	$53.4B+5.7%	$50.5B+0.6%	$50.2B
Cost of Revenue	$57.4B+2.9%	$55.8B-3.0%	$57.5B-11.2%	$64.8B+0.9%	$64.2B+6.9%	$60.0B+22.0%	$49.2B+1.7%	$48.4B+4.8%	$46.2B+6.6%	$43.3B+12.6%	$38.5B+5.0%	$36.7B+4.9%	$34.9B+5.3%	$33.2B+1.0%	$32.9B
Gross Profit	$28.9B+3.6%	$27.9B-3.4%	$28.8B-10.6%	$32.3B+0.6%	$32.1B+8.4%	$29.6B+28.9%	$22.9B+0.2%	$22.9B+2.1%	$22.4B+3.5%	$21.7B+5.4%	$20.6B+5.2%	$19.6B+5.9%	$18.5B+6.6%	$17.3B-0.1%	$17.4B
SG&A Expenses	$16.8B+7.1%	$15.7B+0.7%	$15.6B-23.4%	$20.3B+11.1%	$18.3B-1.2%	$18.5B+20.6%	$15.4B-11.7%	$17.4B+20.6%	$14.4B+0.5%	$14.4B+1.9%	$14.1B+6.3%	$13.3B+3.2%	$12.9B+5.1%	$12.2B-2.8%	$12.6B
Operating Income	$10.2B-3.0%	$10.5B-9.4%	$11.6B+13.8%	$10.2B-16.0%	$12.1B+25.4%	$9.6B+52.8%	$6.3B+57.1%	$4.0B-39.0%	$6.6B+12.7%	$5.8B+17.6%	$5.0B+3.7%	$4.8B	N/A	N/A	N/A
Income Tax	$2.1B-4.7%	$2.2B-10.3%	$2.4B-5.8%	$2.6B-6.0%	$2.8B+45.3%	$1.9B+41.9%	$1.3B+24.3%	$1.1B-47.1%	$2.0B-3.1%	$2.1B+12.5%	$1.9B+18.7%	$1.6B+13.8%	$1.4B+17.7%	$1.2B+10.4%	$1.1B
Net Income	$6.7B-4.4%	$7.0B-10.0%	$7.7B+20.0%	$6.4B-23.8%	$8.4B+44.7%	$5.8B+36.3%	$4.3B+85.0%	$2.3B-32.9%	$3.4B+11.5%	$3.1B+21.4%	$2.5B-5.6%	$2.7B+18.0%	$2.3B+16.7%	$2.0B+6.5%	$1.8B
EPS (Diluted)	$11.85-3.1%	$12.23-7.3%	$13.20+29.8%	$10.17-15.5%	$12.04+55.4%	$7.75+41.2%	$5.49+93.3%	$2.84-30.6%	$4.09+17.9%	$3.47+27.1%	$2.73+0.7%	$2.71+26.6%	$2.14+26.6%	$1.69+18.2%	$1.43

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$23.1B+12.1%	$20.6B-1.1%	$20.8B-0.6%	$20.9B+3.8%	$20.2B-14.5%	$23.6B+10.4%	$21.4B+9.1%	$19.6B
Cost of Revenue	$15.5B+11.7%	$13.9B+1.5%	$13.7B-1.8%	$13.9B+4.3%	$13.4B-14.8%	$15.7B+9.9%	$14.3B+8.8%	$13.1B
Gross Profit	$7.5B+12.9%	$6.7B-6.1%	$7.1B+1.9%	$7.0B+2.8%	$6.8B-13.9%	$7.9B+11.4%	$7.1B+9.7%	$6.5B
SG&A Expenses	$4.4B+0.3%	$4.4B+6.0%	$4.2B+2.8%	$4.0B+5.7%	$3.8B-4.9%	$4.0B+0.4%	$4.0B+7.9%	$3.7B
Operating Income	$2.6B+49.4%	$1.7B-31.1%	$2.5B-0.5%	$2.5B-1.7%	$2.5B-26.4%	$3.4B+29.9%	$2.7B+14.3%	$2.3B
Income Tax	$527.0M+72.2%	$306.0M-40.4%	$513.0M-0.6%	$516.0M-1.5%	$524.0M-29.9%	$747.0M+36.8%	$546.0M+20.5%	$453.0M
Net Income	$1.6B+63.0%	$999.0M-38.2%	$1.6B-1.5%	$1.6B-3.2%	$1.7B-28.9%	$2.4B+35.8%	$1.8B+15.1%	$1.5B
EPS (Diluted)	$2.90	N/A	$2.88-1.4%	$2.92-2.3%	$2.99-28.3%	$4.17+36.3%	$3.06	N/A

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

LOW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LOW annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$54.1B+25.6%	$43.1B+3.1%	$41.8B-4.4%	$43.7B-2.1%	$44.6B-4.5%	$46.7B+18.4%	$39.5B+14.4%	$34.5B-2.2%	$35.3B+2.6%	$34.4B+10.0%	$31.3B-1.4%	$31.7B-3.1%	$32.7B+0.2%	$32.7B-2.7%	$33.6B
Current Assets	$21.0B+2.9%	$20.4B+6.7%	$19.1B-11.1%	$21.4B+6.9%	$20.1B-10.1%	$22.3B+45.8%	$15.3B+7.7%	$14.2B+11.4%	$12.8B+6.4%	$12.0B+13.6%	$10.6B+7.2%	$9.9B-4.3%	$10.3B+5.2%	$9.8B-2.9%	$10.1B
Cash & Equivalents	$982.0M-44.2%	$1.8B+91.2%	$921.0M-31.7%	$1.3B+19.0%	$1.1B-75.8%	$4.7B+555.0%	$716.0M+40.1%	$511.0M-13.1%	$588.0M+5.4%	$558.0M+37.8%	$405.0M-13.1%	$466.0M+19.2%	$391.0M-27.7%	$541.0M-46.6%	$1.0B
Inventory	$17.3B-0.6%	$17.4B+3.0%	$16.9B-8.8%	$18.5B+5.3%	$17.6B+8.7%	$16.2B+22.9%	$13.2B+4.9%	$12.6B+10.3%	$11.4B+8.9%	$10.5B+10.6%	$9.5B+6.1%	$8.9B-2.4%	$9.1B+6.1%	$8.6B+2.9%	$8.4B
Goodwill	$3.9B+1168.5%	$311.0M0.0%	$311.0M0.0%	$311.0M0.0%	$311.0M0.0%	$311.0M+2.6%	$303.0M0.0%	$303.0M-76.8%	$1.3B+20.8%	$1.1B+602.6%	$154.0M0.0%	$154.0M-0.6%	$155.0M	N/A	N/A
Total Liabilities	$64.1B+11.7%	$57.3B+0.9%	$56.8B-1.9%	$58.0B+17.2%	$49.5B+9.2%	$45.3B+20.8%	$37.5B+21.5%	$30.9B+4.9%	$29.4B+5.2%	$28.0B+18.5%	$23.6B+8.5%	$21.8B+4.2%	$20.9B+11.0%	$18.8B+10.5%	$17.0B
Current Liabilities	$19.5B+3.8%	$18.8B+20.5%	$15.6B-20.2%	$19.5B-0.8%	$19.7B+5.0%	$18.7B+23.4%	$15.2B+4.7%	$14.5B+19.8%	$12.1B+1.0%	$12.0B+14.1%	$10.5B+12.2%	$9.3B+5.3%	$8.9B+15.2%	$7.7B-2.3%	$7.9B
Long-Term Debt	$37.5B+13.9%	$32.9B-7.0%	$35.4B+7.6%	$32.9B+37.8%	$23.9B+15.4%	$20.7B+23.3%	$16.8B+16.5%	$14.4B-7.5%	$15.6B+8.1%	$14.4B+24.7%	$11.5B+6.8%	$10.8B+7.1%	$10.1B+11.7%	$9.0B+28.4%	$7.0B
Total Equity	-$9.9B+30.3%	-$14.2B+5.4%	-$15.1B-5.6%	-$14.3B-196.0%	-$4.8B-435.1%	$1.4B-27.1%	$2.0B-45.9%	$3.6B-38.0%	$5.9B-8.7%	$6.4B-15.9%	$7.7B-23.2%	$10.0B-15.9%	$11.9B-14.5%	$13.9B-16.2%	$16.5B
Retained Earnings	-$10.8B+26.8%	-$14.8B+5.4%	-$15.6B-5.2%	-$14.9B-190.6%	-$5.1B-557.9%	$1.1B-35.3%	$1.7B-50.0%	$3.5B-36.4%	$5.4B-13.1%	$6.2B-17.8%	$7.6B-20.8%	$9.6B-15.5%	$11.4B-14.1%	$13.2B-16.6%	$15.9B

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$54.9B+1.5%	$54.1B+1.3%	$53.5B+17.8%	$45.4B+1.4%	$44.7B-0.4%	$44.9B-1.0%	$45.4B+8.5%	$41.8B
Current Assets	$22.2B+5.8%	$21.0B+3.6%	$20.2B-10.8%	$22.7B+3.2%	$22.0B-1.6%	$22.3B-1.8%	$22.8B+19.3%	$19.1B
Cash & Equivalents	$786.0M-20.0%	$982.0M+58.1%	$621.0M-79.7%	$3.1B-6.6%	$3.3B-25.0%	$4.4B+34.7%	$3.2B+251.5%	$921.0M
Inventory	$18.4B+6.6%	$17.3B+0.7%	$17.2B-6.3%	$18.3B+4.4%	$17.6B+4.3%	$16.8B-7.6%	$18.2B+7.9%	$16.9B
Goodwill	$3.9B0.0%	$3.9B-0.9%	$4.0B+1180.4%	$311.0M0.0%	$311.0M0.0%	$311.0M	N/A	$311.0M
Total Liabilities	$64.2B+0.2%	$64.1B+0.4%	$63.8B+8.9%	$58.6B+0.8%	$58.2B-0.9%	$58.7B-2.1%	$60.0B+5.5%	$56.8B
Current Liabilities	$20.3B+4.2%	$19.5B+0.1%	$19.5B-13.1%	$22.4B+15.1%	$19.4B+6.6%	$18.2B-6.5%	$19.5B+25.3%	$15.6B
Long-Term Debt	$36.8B-2.0%	$37.5B0.0%	$37.5B+22.8%	$30.5B-7.2%	$32.9B-5.1%	$34.7B+0.1%	$34.6B-2.2%	$35.4B
Total Equity	-$9.3B+6.5%	-$9.9B+4.5%	-$10.4B+21.7%	-$13.3B+1.2%	-$13.4B+2.5%	-$13.8B+5.8%	-$14.6B+3.0%	-$15.1B
Retained Earnings	-$9.9B+8.8%	-$10.8B+2.9%	-$11.2B+19.3%	-$13.8B+1.1%	-$14.0B+2.4%	-$14.3B+5.6%	-$15.2B+2.9%	-$15.6B

Not reported in any period shown, so not listed: Accounts Receivable.

LOW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LOW annual cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$9.9B+2.5%	$9.6B+18.2%	$8.1B-5.2%	$8.6B-15.1%	$10.1B-8.5%	$11.0B+157.2%	$4.3B-30.6%	$6.2B+22.3%	$5.1B-9.8%	$5.6B+17.4%	$4.8B-2.9%	$4.9B+19.9%	$4.1B+9.3%	$3.8B-13.5%	$4.3B
Capital Expenditures	$2.2B+14.8%	$1.9B-1.9%	$2.0B+7.4%	$1.8B-1.3%	$1.9B+3.5%	$1.8B+20.7%	$1.5B+26.4%	$1.2B+4.5%	$1.1B-3.8%	$1.2B-2.5%	$1.2B+36.0%	$880.0M-6.4%	$940.0M-22.4%	$1.2B-33.8%	$1.8B
Free Cash Flow	$7.7B-0.6%	$7.7B+24.6%	$6.2B-8.6%	$6.8B-18.2%	$8.3B-10.8%	$9.3B+229.2%	$2.8B-44.0%	$5.0B+27.3%	$3.9B-11.4%	$4.5B+24.1%	$3.6B-11.4%	$4.0B+27.7%	$3.2B+24.3%	$2.6B+1.2%	$2.5B
Investing Cash Flow	-$12.3B-605.6%	-$1.7B+8.6%	-$1.9B-45.2%	-$1.3B+20.5%	-$1.6B+13.1%	-$1.9B-38.3%	-$1.4B-26.8%	-$1.1B+25.1%	-$1.4B+57.1%	-$3.4B-150.3%	-$1.3B	N/A	N/A	-$903.0M+37.2%	-$1.4B
Financing Cash Flow	$1.6B+123.0%	-$7.0B-5.7%	-$6.7B+5.4%	-$7.0B+41.3%	-$12.0B-131.5%	-$5.2B-89.8%	-$2.7B+46.6%	-$5.1B-42.1%	-$3.6B-72.4%	-$2.1B+40.1%	-$3.5B	N/A	N/A	-$3.3B-30.8%	-$2.5B
Dividends Paid	$2.6B+2.7%	$2.6B+1.4%	$2.5B+6.8%	$2.4B+19.5%	$2.0B+16.4%	$1.7B+5.3%	$1.6B+11.2%	$1.5B+13.0%	$1.3B+14.9%	$1.1B+17.1%	$957.0M+16.4%	$822.0M+12.1%	$733.0M+4.1%	$704.0M+8.8%	$647.0M
Share Buybacks	$211.0M-94.8%	$4.1B-34.0%	$6.1B-56.5%	$14.1B+8.5%	$13.0B+161.8%	$5.0B+15.3%	$4.3B+42.0%	$3.0B-4.9%	$3.2B-11.2%	$3.6B-8.4%	$3.9B+0.5%	$3.9B+5.3%	$3.7B-15.5%	$4.4B+49.6%	$2.9B

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$3.4B+113.8%	$1.6B+128.1%	$687.0M-79.7%	$3.4B+160.1%	$1.3B-58.8%	$3.2B-26.0%	$4.3B+284.7%	$1.1B
Capital Expenditures	$521.0M-13.6%	$603.0M+1.0%	$597.0M+15.3%	$518.0M-9.3%	$571.0M+34.0%	$426.0M+11.5%	$382.0M-38.4%	$620.0M
Free Cash Flow	$2.8B+193.5%	$964.0M+971.1%	$90.0M-96.9%	$2.9B+293.0%	$728.0M-73.3%	$2.7B-29.7%	$3.9B+695.1%	$488.0M
Investing Cash Flow	-$501.0M+13.2%	-$577.0M+93.8%	-$9.3B-1653.1%	-$533.0M-2.5%	-$520.0M-23.2%	-$422.0M-11.6%	-$378.0M+36.5%	-$595.0M
Financing Cash Flow	-$3.0B-384.1%	-$629.0M-114.2%	$4.4B+384.5%	-$1.6B+16.9%	-$1.9B-16.2%	-$1.6B-2.6%	-$1.6B-95.5%	-$802.0M
Dividends Paid	$674.0M+0.1%	$673.0M0.0%	$673.0M+4.3%	$645.0M-1.4%	$654.0M+4.0%	$629.0M-0.6%	$633.0M+0.2%	$632.0M
Share Buybacks	$363.0M	$0-100.0%	$98.0M-12.5%	$112.0M-85.1%	$751.0M-25.4%	$1.0B+9.1%	$923.0M+359.2%	$201.0M

LOW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LOW annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	33.5%+0.2pp	33.3%-0.1pp	33.4%+0.2pp	33.2%-0.1pp	33.3%+0.3pp	33.0%+1.2pp	31.8%-0.3pp	32.1%-0.6pp	32.7%-0.6pp	33.3%-1.5pp	34.8%0.0pp	34.8%+0.2pp	34.6%+0.3pp	34.3%-0.3pp	34.6%
Operating Margin	11.8%-0.7pp	12.5%-0.9pp	13.4%+2.9pp	10.5%-2.1pp	12.6%+1.8pp	10.8%+2.0pp	8.8%+3.1pp	5.6%-4.0pp	9.6%+0.6pp	9.0%+0.6pp	8.4%-0.1pp	8.5%	N/A	N/A	N/A
Net Margin	7.7%-0.6pp	8.3%-0.6pp	8.9%+2.3pp	6.6%-2.1pp	8.8%+2.3pp	6.5%+0.6pp	5.9%+2.7pp	3.3%-1.8pp	5.0%+0.3pp	4.8%+0.4pp	4.3%-0.5pp	4.8%+0.5pp	4.3%+0.4pp	3.9%+0.2pp	3.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	406.1%+189.0pp	217.1%+153.6pp	63.5%+4.8pp	58.7%+10.6pp	48.0%+14.8pp	33.3%+6.2pp	27.1%+7.8pp	19.3%+5.1pp	14.1%+3.0pp	11.1%
Return on Assets	12.3%-3.8pp	16.1%-2.4pp	18.5%+3.8pp	14.7%-4.2pp	18.9%+6.4pp	12.5%+1.6pp	10.8%+4.1pp	6.7%-3.1pp	9.8%+0.8pp	9.0%+0.8pp	8.1%-0.4pp	8.5%+1.5pp	7.0%+1.0pp	6.0%+0.5pp	5.5%
Current Ratio	1.080.0x	1.09-0.1x	1.23+0.1x	1.10+0.1x	1.02-0.2x	1.19+0.2x	1.010.0x	0.98-0.1x	1.06+0.1x	1.000.0x	1.010.0x	1.05-0.1x	1.16-0.1x	1.270.0x	1.28
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	14.38+5.9x	8.50+4.6x	3.95+1.3x	2.65+0.4x	2.24+0.7x	1.51+0.4x	1.08+0.2x	0.85+0.2x	0.65+0.2x	0.43
FCF Margin	8.9%-0.3pp	9.2%+2.1pp	7.1%+0.2pp	7.0%-1.6pp	8.6%-1.8pp	10.3%+6.4pp	3.9%-3.1pp	7.0%+1.3pp	5.7%-1.1pp	6.8%+0.8pp	6.1%-1.1pp	7.2%+1.3pp	5.9%+0.9pp	5.1%0.0pp	5.0%

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	32.7%+0.2pp	32.5%-1.7pp	34.2%+0.8pp	33.4%-0.3pp	33.7%+0.2pp	33.5%+0.3pp	33.2%+0.2pp	33.0%
Operating Margin	11.1%+2.8pp	8.3%-3.6pp	11.9%0.0pp	11.9%-0.7pp	12.6%-2.0pp	14.6%+2.2pp	12.4%+0.6pp	11.9%
Net Margin	7.0%+2.2pp	4.9%-2.9pp	7.8%-0.1pp	7.8%-0.6pp	8.4%-1.7pp	10.1%+1.9pp	8.2%+0.4pp	7.8%
Return on Assets	3.0%+1.1pp	1.8%-1.2pp	3.0%-0.6pp	3.6%-0.2pp	3.8%-1.5pp	5.3%+1.4pp	3.9%+0.2pp	3.6%
Current Ratio	1.090.0x	1.080.0x	1.040.0x	1.01-0.1x	1.13-0.1x	1.22+0.1x	1.17-0.1x	1.23
FCF Margin	12.3%+7.6pp	4.7%+4.3pp	0.4%-13.2pp	13.7%+10.1pp	3.6%-7.9pp	11.6%-6.6pp	18.2%+15.7pp	2.5%

Note: Shareholder equity is negative (-$9.9B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Where Lowes Companies Ranks

Frequently Asked Questions

What is Lowes Companies's annual revenue?

Lowes Companies (LOW) reported $86.3B in total revenue for fiscal year 2025. This represents a 3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lowes Companies's revenue growing?

Lowes Companies (LOW) revenue grew by 3.1% year-over-year, from $83.7B to $86.3B in fiscal year 2025.

Is Lowes Companies profitable?

Yes, Lowes Companies (LOW) reported a net income of $6.7B in fiscal year 2025, with a net profit margin of 7.7%.

What is Lowes Companies's EBITDA?

Lowes Companies (LOW) had EBITDA of $12.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Lowes Companies have?

As of fiscal year 2025, Lowes Companies (LOW) had $982.0M in cash and equivalents against $37.5B in long-term debt.

What is Lowes Companies's gross margin?

Lowes Companies (LOW) had a gross margin of 33.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lowes Companies's operating margin?

Lowes Companies (LOW) had an operating margin of 11.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Lowes Companies's net profit margin?

Lowes Companies (LOW) had a net profit margin of 7.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Lowes Companies pay dividends?

Yes, Lowes Companies (LOW) paid $4.75 per share in dividends during fiscal year 2025.

What is Lowes Companies's free cash flow?

Lowes Companies (LOW) generated $7.7B in free cash flow during fiscal year 2025. This represents a -0.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Lowes Companies's operating cash flow?

Lowes Companies (LOW) generated $9.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Lowes Companies's total assets?

Lowes Companies (LOW) had $54.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Lowes Companies's capital expenditures?

Lowes Companies (LOW) invested $2.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Lowes Companies buy back shares?

Yes, Lowes Companies (LOW) spent $211.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Lowes Companies have outstanding?

Lowes Companies (LOW) had 561M shares outstanding as of fiscal year 2025.

What is Lowes Companies's current ratio?

Lowes Companies (LOW) had a current ratio of 1.08 as of fiscal year 2025, which is considered adequate.

What is Lowes Companies's return on assets (ROA)?

Lowes Companies (LOW) had a return on assets of 12.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Lowes Companies's debt-to-equity ratio negative or not reported?

Lowes Companies (LOW) has negative shareholder equity of -$9.9B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Lowes Companies's Altman Z-Score?

Lowes Companies (LOW) has an Altman Z-Score of 3.10, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Lowes Companies's Piotroski F-Score?

Lowes Companies (LOW) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Lowes Companies's earnings high quality?

Lowes Companies (LOW) has an earnings quality ratio of 1.48x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Lowes Companies?

Lowes Companies (LOW) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.