Lowe's Companies, Inc. (LOW) 10-Year Financial Performance & Capital Metrics

LOW •

Consumer CyclicalHome Improvement RetailHome improvement and flooring retailers

AboutLowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, decor, lighting, and electrical. It also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. The company sells its national brand-name merchandise and private brand products to homeowners, renters, and professional customers. As of January 28, 2022, it operated 1,971 home improvement and hardware stores. The company also sells its products through websites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.Show more

Revenue $86.29B +3.1%
EBITDA $12.09B
Net Income $6.65B -4.4%
EPS (Diluted) 11.85 -3.1%
Gross Margin 33.48% +7.1%
EBITDA Margin 14.02% -2.9%
Operating Margin 11.77% -2.6%
Net Margin 7.71% -7.3%
ROE -
ROIC 76.25% +140.6%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓16 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.86%

5Y-0.75%

3Y-3.85%

TTM3.12%

Profit (Net Income) CAGR

10Y10.08%

5Y2.66%

3Y1.11%

TTM-4.36%

EPS CAGR

10Y15.81%

5Y8.86%

3Y5.23%

TTM-3.03%

ROCE

10Y Avg35.78%

5Y Avg41.25%

3Y Avg38.12%

Latest33.57%

Peer Comparison

Home improvement and flooring retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PFAIPinnacle Food Group Limited Class A Common Shares	17.31M	2.25	106.64	56.6%	8.7%	61.33%		0.35
FNDFloor & Decor Holdings, Inc.	7.44B	69.09	35.98	5.12%	4.65%	9.18%	0.86%	0.75
HDThe Home Depot, Inc.	378.44B	380.72	26.75	3.24%	8.6%	110.48%	3.34%	1.48
LOWLowe's Companies, Inc.	148.16B	264.57	22.33	3.12%	7.71%		5.16%
LIVELive Ventures Incorporated	42.88M	13.96	2.83	-5.9%	5.02%	23.28%	48.92%	2.27
LESLLeslie's, Inc.	10.25M	1.10	-0.04	-6.63%	-22.69%
TTSHTile Shop Holdings, Inc.	133.4M	3.35	-33.50	-2.95%	-1.33%	-5.15%		1.55

Profit & Loss

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Sales/Revenue+	65.02B	68.62B	71.31B	72.15B	89.6B	96.25B	97.06B	86.38B	83.67B	86.29B
Revenue Growth %	10.06%	5.54%	3.92%	1.18%	24.19%	7.43%	0.84%	-11.01%	-3.13%	3.12%
Cost of Goods Sold+	44.04B	47.59B	49.88B	50.47B	61.42B	65.86B	66.57B	59.25B	57.53B	57.4B
COGS % of Revenue	67.74%	69.35%	69.95%	69.95%	68.56%	68.42%	68.59%	68.59%	68.75%	66.52%
Gross Profit+	20.98B	21.03B	21.43B	21.68B	28.17B	30.39B	30.49B	27.13B	26.15B	28.89B
Gross Margin %	32.26%	30.65%	30.05%	30.05%	31.44%	31.58%	31.41%	31.41%	31.25%	33.48%
Gross Profit Growth %	9.9%	0.26%	1.91%	1.17%	29.94%	7.88%	0.32%	-11.03%	-3.61%	10.47%
Operating Expenses+	15.16B	14.44B	15.33B	15.1B	17.29B	18.14B	17.83B	15.59B	16.04B	18.73B
OpEx % of Revenue	23.32%	21.05%	21.49%	20.93%	19.3%	18.85%	18.37%	18.05%	19.16%	21.71%
Selling, General & Admin	15.16B	14.44B	15.33B	15.1B	17.29B	18.14B	17.83B	15.59B	16.04B	16.79B
SG&A % of Revenue	23.32%	21.05%	21.49%	20.93%	19.3%	18.85%	18.37%	18.05%	19.16%	19.46%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	1.94B
Operating Income+	5.81B	6.59B	6.11B	6.58B	10.88B	12.26B	12.66B	11.53B	10.11B	10.15B
Operating Margin %	8.94%	9.6%	8.56%	9.12%	12.15%	12.73%	13.04%	13.35%	12.08%	11.77%
Operating Income Growth %	16.7%	13.3%	-7.3%	7.76%	65.41%	12.62%	3.3%	-8.89%	-12.33%	0.41%
EBITDA+	7.4B	8.13B	7.71B	8.46B	12.96B	14.65B	15.17B	13.46B	12.08B	12.09B
EBITDA Margin %	11.39%	11.84%	10.81%	11.72%	14.46%	15.22%	15.63%	15.58%	14.44%	14.02%
EBITDA Growth %	12.71%	9.77%	-5.09%	9.66%	53.19%	13.11%	3.53%	-11.3%	-10.2%	0.08%
D&A (Non-Cash Add-back)	1.59B	1.54B	1.61B	1.88B	2.07B	2.4B	2.51B	1.92B	1.97B	1.94B
EBIT	5.86B	6.14B	4.04B	6.34B	8.61B	12.07B	10.17B	11.65B	10.62B	8.75B
Net Interest Income+	-643M	-636M	-621M	-691M	-848M	-847M	-1.1B	-1.37B	-1.31B	0
Interest Income	12M	16M	28M	27M	24M	12M	37M	101M	159M	0
Interest Expense	655M	652M	649M	718M	872M	859M	1.14B	1.47B	1.47B	0
Other Income/Expense	-612M	-1.1B	-2.71B	-956M	-3.14B	-1.05B	-3.62B	-1.36B	-959M	-1.41B
Pretax Income+	5.2B	5.49B	3.39B	5.62B	7.74B	11.21B	9.04B	10.18B	9.15B	8.75B
Pretax Margin %	8%	8%	4.76%	7.79%	8.64%	11.64%	9.31%	11.78%	10.94%	10.14%
Income Tax+	2.11B	2.04B	1.08B	1.34B	1.9B	2.77B	2.6B	2.45B	2.2B	2.09B
Effective Tax Rate %	59.43%	62.8%	68.18%	76.13%	75.4%	75.32%	71.24%	75.93%	76.01%	76.07%
Net Income+	3.09B	3.45B	2.31B	4.28B	5.83B	8.44B	6.44B	7.73B	6.96B	6.65B
Net Margin %	4.75%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%	7.71%
Net Income Growth %	21.41%	11.52%	-32.87%	85%	36.3%	44.68%	-23.75%	20.02%	-9.95%	-4.36%
Net Income (Continuing)	3.09B	3.45B	2.31B	4.28B	5.83B	8.44B	6.44B	7.73B	6.96B	6.65B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.47	4.09	2.85	5.49	7.75	12.03	10.17	13.20	12.23	11.85
EPS Growth %	27.11%	17.87%	-30.32%	92.63%	41.17%	55.23%	-15.46%	29.79%	-7.35%	-3.11%
EPS (Basic)	3.48	4.09	2.85	5.49	7.77	12.08	10.20	13.24	12.25	11.87
Diluted Shares Outstanding	881M	840M	812M	778M	750M	699M	631M	584M	567.46M	560M
Basic Shares Outstanding	880M	839M	811M	777M	748M	696M	629M	582M	567M	559M
Dividend Payout Ratio	36.27%	37.37%	62.88%	37.79%	29.2%	23.5%	36.82%	32.76%	36.88%	39.62%

Balance Sheet

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Total Current Assets+	12B	12.77B	14.23B	15.32B	22.33B	20.06B	21.44B	19.07B	20.36B	20.95B
Cash & Short-Term Investments	658M	690M	729M	876M	5.2B	1.4B	1.73B	1.23B	2.13B	1.35B
Cash Only	558M	588M	511M	716M	4.69B	1.13B	1.35B	921M	1.76B	982M
Short-Term Investments	100M	102M	218M	160M	506M	271M	384M	307M	372M	370M
Accounts Receivable	0	0	0	0	0	0	0	0	0	1.09B
Days Sales Outstanding	-	-	-	-	-	-	-	-	-	4.61
Inventory	10.46B	11.39B	12.56B	13.18B	16.19B	17.61B	18.53B	16.89B	17.41B	17.3B
Days Inventory Outstanding	86.67	87.38	91.92	95.32	96.22	97.57	101.61	104.07	110.46	110.01
Other Current Assets	884M	689M	938M	1.26B	937M	1.05B	1.18B	949M	816M	1.21B
Total Non-Current Assets+	22.41B	22.52B	20.41B	25.67B	25.96B	26.27B	23.83B	24.29B	24.21B	33.19B
Property, Plant & Equipment	19.95B	19.72B	18.43B	22.56B	22.99B	23.18B	21.09B	21.39B	21.39B	22.66B
Fixed Asset Turnover	3.26x	3.48x	3.87x	3.20x	3.90x	4.15x	4.60x	4.04x	3.91x	3.81x
Goodwill	1.08B	1.31B	303M	303M	311M	311M	311M	0	0	3.94B
Intangible Assets	0	0	0	259M	0	522M	303M	0	0	5.91B
Long-Term Investments	366M	408M	256M	372M	200M	247M	121M	252M	277M	319M
Other Non-Current Assets	789M	915M	995M	443M	571M	157M	196M	838M	836M	352M
Total Assets+	34.41B	35.29B	34.64B	40.99B	48.29B	46.33B	45.27B	43.36B	44.57B	54.14B
Asset Turnover	1.89x	1.94x	2.06x	1.76x	1.86x	2.08x	2.14x	1.99x	1.88x	1.59x
Asset Growth %	8.16%	2.57%	-1.84%	18.33%	17.81%	-4.06%	-2.28%	-4.23%	2.81%	21.47%
Total Current Liabilities+	11.97B	12.1B	14.5B	15.18B	18.73B	19.67B	19.51B	15.57B	18.76B	19.46B
Accounts Payable	6.65B	6.59B	8.28B	7.66B	10.88B	11.35B	10.52B	8.7B	9.29B	9.76B
Days Payables Outstanding	55.12	50.54	60.58	55.39	64.68	62.93	57.7	53.62	58.94	62.07
Short-Term Debt	1.3B	1.43B	1.83B	3.04B	1.65B	1.5B	1.61B	1.02B	3.15B	3.14B
Deferred Revenue (Current)	1.25B	1.38B	1.3B	1.22B	1.61B	1.91B	1.6B	1.41B	1.36B	1.48B
Other Current Liabilities	1.98B	1.95B	2.42B	2.58B	3.07B	3.21B	3.49B	3.44B	3.46B	5.08B
Current Ratio	1.00x	1.06x	0.98x	1.01x	1.19x	1.02x	1.10x	1.23x	1.09x	1.08x
Quick Ratio	0.13x	0.11x	0.11x	0.14x	0.33x	0.12x	0.15x	0.14x	0.16x	0.19x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	52.54
Total Non-Current Liabilities+	16B	17.32B	16.5B	23.84B	28.12B	31.48B	40.02B	42.84B	40.05B	44.6B
Long-Term Debt	13.58B	14.72B	13.68B	16.16B	20.1B	23.32B	32.43B	34.96B	32.51B	4.04B
Capital Lease Obligations	815M	709M	709M	4.55B	4.45B	4.56B	3.96B	4.16B	4.02B	0
Deferred Tax Liabilities	0	0	133M	1.52B	1.55B	1.69B	1.56B	1.56B	1.47B	1.04B
Other Non-Current Liabilities	843M	1.09B	1.15B	712M	991M	781M	862M	931M	779M	39.52B
Total Liabilities	27.97B	29.42B	31B	39.02B	46.85B	51.15B	59.53B	58.41B	58.8B	64.06B
Total Debt+	15.7B	16.86B	16.22B	23.75B	26.21B	29.38B	37.99B	40.15B	39.68B	7.19B
Net Debt	15.14B	16.27B	15.71B	23.03B	21.52B	28.25B	36.65B	39.22B	37.92B	6.21B
Debt / Equity	2.44x	2.87x	4.45x	12.04x	18.24x	-	-	-	-	-
Debt / EBITDA	2.12x	2.07x	2.10x	2.81x	2.02x	2.01x	2.50x	2.98x	3.28x	0.59x
Net Debt / EBITDA	2.05x	2.00x	2.04x	2.72x	1.66x	1.93x	2.42x	2.91x	3.14x	0.51x
Interest Coverage	8.87x	10.10x	9.41x	9.16x	12.48x	14.27x	11.12x	7.83x	6.88x	-
Total Equity+	6.43B	5.87B	3.64B	1.97B	1.44B	-4.82B	-14.25B	-15.05B	-14.23B	-9.92B
Equity Growth %	-15.94%	-8.72%	-37.95%	-45.88%	-27.13%	-435.14%	-195.97%	-5.58%	5.44%	30.31%
Book Value per Share	7.30	6.99	4.49	2.53	1.92	-6.89	-22.59	-25.77	-25.08	-17.71
Total Shareholders' Equity	6.43B	5.87B	3.64B	1.97B	1.44B	-4.82B	-14.25B	-15.05B	-14.23B	-9.92B
Common Stock	433M	415M	401M	381M	366M	335M	301M	287M	280M	281M
Retained Earnings	6.24B	5.42B	3.45B	1.73B	1.12B	-5.12B	-14.86B	-15.64B	-14.8B	-10.84B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-240M	11M	-209M	-136M	-136M	-36M	307M	300M	288M	271M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Cash from Operations+	5.62B	5.07B	6.19B	4.3B	11.05B	10.11B	8.59B	8.14B	9.63B	9.86B
Operating CF Margin %	8.64%	7.38%	8.68%	5.95%	12.33%	10.51%	8.85%	9.42%	11.5%	11.43%
Operating CF Growth %	17.41%	-9.83%	22.27%	-30.63%	157.19%	-8.47%	-15.07%	-5.23%	18.24%	2.48%
Net Income	3.09B	3.45B	2.31B	4.28B	5.83B	8.44B	6.44B	7.73B	6.96B	6.65B
Depreciation & Amortization	1.59B	1.54B	1.61B	1.41B	1.59B	1.88B	1.98B	1.92B	1.97B	2.19B
Stock-Based Compensation	90M	99M	74M	98M	155M	230M	224M	210M	221M	247M
Deferred Taxes	28M	53M	-151M	177M	-108M	135M	-239M	6M	9M	256M
Other Non-Cash Items	445M	422M	1.59B	597M	1.68B	551M	3.07B	503M	348M	625M
Working Capital Changes	371M	-496M	758M	-2.27B	1.9B	-1.13B	-2.88B	-2.23B	118M	-112M
Change in Receivables	0	0	0	0	1.14B	0	0	0	0	0
Change in Inventory	-178M	-791M	-1.29B	-600M	-2.97B	-1.41B	-2.59B	1.64B	-514M	703M
Change in Payables	653M	-92M	1.72B	-637M	3.21B	466M	-549M	-1.82B	633M	73M
Cash from Investing+	-3.36B	-1.44B	-1.08B	-1.37B	-1.89B	-1.65B	-1.31B	-1.9B	-1.74B	-12.26B
Capital Expenditures	-1.17B	-1.12B	-1.17B	-1.48B	-1.79B	-1.85B	-1.83B	-1.96B	-1.93B	-2.21B
CapEx % of Revenue	1.79%	1.64%	1.65%	2.06%	2%	1.93%	1.88%	2.27%	2.3%	2.56%
Acquisitions	-2.36B	-509M	76M	163M	90M	113M	491M	100M	177M	-10.09B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	24M	58M	-2M	0	-25M	-134M	44M	26M	94M	72M
Cash from Financing+	-2.09B	-3.61B	-5.12B	-2.73B	-5.19B	-12.02B	-7.05B	-6.67B	-7.05B	1.62B
Debt Issued (Net)	2.56B	744M	-741M	3.08B	1.37B	2.85B	9.3B	1.88B	-545M	4.39B
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-1.12B	-1.29B	-1.46B	-1.62B	-1.7B	-1.98B	-2.37B	-2.53B	-2.57B	-2.64B
Share Repurchases	-3.6B	-3.19B	-3.04B	-4.31B	-4.97B	-13.01B	-14.12B	-6.14B	-4.05B	-211M
Other Financing	64M	129M	109M	117M	114M	126M	146M	120M	117M	-68M
Net Change in Cash	153M	30M	-77M	205M	3.97B	-3.56B	215M	-427M	840M	-779M
Free Cash Flow+	4.45B	3.94B	5.02B	2.81B	9.26B	8.26B	6.76B	6.18B	7.7B	7.65B
FCF Margin %	6.84%	5.74%	7.04%	3.9%	10.33%	8.58%	6.96%	7.15%	9.2%	8.87%
FCF Growth %	24.06%	-11.42%	27.32%	-43.97%	229.23%	-10.78%	-18.16%	-8.64%	24.64%	-0.61%
FCF per Share	5.05	4.69	6.18	3.61	12.34	11.82	10.71	10.58	13.57	13.66
FCF Conversion (FCF/Net Income)	1.82x	1.47x	2.68x	1.00x	1.89x	1.20x	1.33x	1.05x	1.38x	1.48x
Interest Paid	0	654M	635M	671M	824M	837M	976M	1.46B	1.48B	0
Taxes Paid	0	1.67B	1.32B	1.42B	1.59B	2.73B	1.72B	3.7B	1.65B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	43.88%	56.02%	48.63%	152.46%	342.33%	-	-	-	-	-
Return on Invested Capital (ROIC)	21.02%	22.6%	22.07%	22.25%	34.03%	39.62%	41.44%	37.15%	31.69%	76.25%
Gross Margin	32.26%	30.65%	30.05%	30.05%	31.44%	31.58%	31.41%	31.41%	31.25%	33.48%
Net Margin	4.75%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%	7.71%
Debt / Equity	2.44x	2.87x	4.45x	12.04x	18.24x	-	-	-	-	-
Interest Coverage	8.87x	10.10x	9.41x	9.16x	12.48x	14.27x	11.12x	7.83x	6.88x	-
FCF Conversion	1.82x	1.47x	2.68x	1.00x	1.89x	1.20x	1.33x	1.05x	1.38x	1.48x
Revenue Growth	10.06%	5.54%	3.92%	1.18%	24.19%	7.43%	0.84%	-11.01%	-3.13%	3.12%

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Lowe's Companies, Inc. (LOW) 10-Year Financial Performance & Capital Metrics

LOW •

Consumer CyclicalHome Improvement RetailHome improvement and flooring retailers

Revenue $86.29B +3.1%
EBITDA $12.09B
Net Income $6.65B -4.4%
EPS (Diluted) 11.85 -3.1%
Gross Margin 33.48% +7.1%
EBITDA Margin 14.02% -2.9%
Operating Margin 11.77% -2.6%
Net Margin 7.71% -7.3%
ROE -
ROIC 76.25% +140.6%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓16 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.86%

5Y-0.75%

3Y-3.85%

TTM3.12%

Profit (Net Income) CAGR

10Y10.08%

5Y2.66%

3Y1.11%

TTM-4.36%

EPS CAGR

10Y15.81%

5Y8.86%

3Y5.23%

TTM-3.03%

ROCE

10Y Avg35.78%

5Y Avg41.25%

3Y Avg38.12%

Latest33.57%

Peer Comparison

Home improvement and flooring retailers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PFAIPinnacle Food Group Limited Class A Common Shares	17.31M	2.25	106.64	56.6%	8.7%	61.33%		0.35
FNDFloor & Decor Holdings, Inc.	7.44B	69.09	35.98	5.12%	4.65%	9.18%	0.86%	0.75
HDThe Home Depot, Inc.	378.44B	380.72	26.75	3.24%	8.6%	110.48%	3.34%	1.48
LOWLowe's Companies, Inc.	148.16B	264.57	22.33	3.12%	7.71%		5.16%
LIVELive Ventures Incorporated	42.88M	13.96	2.83	-5.9%	5.02%	23.28%	48.92%	2.27
LESLLeslie's, Inc.	10.25M	1.10	-0.04	-6.63%	-22.69%
TTSHTile Shop Holdings, Inc.	133.4M	3.35	-33.50	-2.95%	-1.33%	-5.15%		1.55

Profit & Loss

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Sales/Revenue+	65.02B	68.62B	71.31B	72.15B	89.6B	96.25B	97.06B	86.38B	83.67B	86.29B
Revenue Growth %	10.06%	5.54%	3.92%	1.18%	24.19%	7.43%	0.84%	-11.01%	-3.13%	3.12%
Cost of Goods Sold+	44.04B	47.59B	49.88B	50.47B	61.42B	65.86B	66.57B	59.25B	57.53B	57.4B
COGS % of Revenue	67.74%	69.35%	69.95%	69.95%	68.56%	68.42%	68.59%	68.59%	68.75%	66.52%
Gross Profit+	20.98B	21.03B	21.43B	21.68B	28.17B	30.39B	30.49B	27.13B	26.15B	28.89B
Gross Margin %	32.26%	30.65%	30.05%	30.05%	31.44%	31.58%	31.41%	31.41%	31.25%	33.48%
Gross Profit Growth %	9.9%	0.26%	1.91%	1.17%	29.94%	7.88%	0.32%	-11.03%	-3.61%	10.47%
Operating Expenses+	15.16B	14.44B	15.33B	15.1B	17.29B	18.14B	17.83B	15.59B	16.04B	18.73B
OpEx % of Revenue	23.32%	21.05%	21.49%	20.93%	19.3%	18.85%	18.37%	18.05%	19.16%	21.71%
Selling, General & Admin	15.16B	14.44B	15.33B	15.1B	17.29B	18.14B	17.83B	15.59B	16.04B	16.79B
SG&A % of Revenue	23.32%	21.05%	21.49%	20.93%	19.3%	18.85%	18.37%	18.05%	19.16%	19.46%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	1.94B
Operating Income+	5.81B	6.59B	6.11B	6.58B	10.88B	12.26B	12.66B	11.53B	10.11B	10.15B
Operating Margin %	8.94%	9.6%	8.56%	9.12%	12.15%	12.73%	13.04%	13.35%	12.08%	11.77%
Operating Income Growth %	16.7%	13.3%	-7.3%	7.76%	65.41%	12.62%	3.3%	-8.89%	-12.33%	0.41%
EBITDA+	7.4B	8.13B	7.71B	8.46B	12.96B	14.65B	15.17B	13.46B	12.08B	12.09B
EBITDA Margin %	11.39%	11.84%	10.81%	11.72%	14.46%	15.22%	15.63%	15.58%	14.44%	14.02%
EBITDA Growth %	12.71%	9.77%	-5.09%	9.66%	53.19%	13.11%	3.53%	-11.3%	-10.2%	0.08%
D&A (Non-Cash Add-back)	1.59B	1.54B	1.61B	1.88B	2.07B	2.4B	2.51B	1.92B	1.97B	1.94B
EBIT	5.86B	6.14B	4.04B	6.34B	8.61B	12.07B	10.17B	11.65B	10.62B	8.75B
Net Interest Income+	-643M	-636M	-621M	-691M	-848M	-847M	-1.1B	-1.37B	-1.31B	0
Interest Income	12M	16M	28M	27M	24M	12M	37M	101M	159M	0
Interest Expense	655M	652M	649M	718M	872M	859M	1.14B	1.47B	1.47B	0
Other Income/Expense	-612M	-1.1B	-2.71B	-956M	-3.14B	-1.05B	-3.62B	-1.36B	-959M	-1.41B
Pretax Income+	5.2B	5.49B	3.39B	5.62B	7.74B	11.21B	9.04B	10.18B	9.15B	8.75B
Pretax Margin %	8%	8%	4.76%	7.79%	8.64%	11.64%	9.31%	11.78%	10.94%	10.14%
Income Tax+	2.11B	2.04B	1.08B	1.34B	1.9B	2.77B	2.6B	2.45B	2.2B	2.09B
Effective Tax Rate %	59.43%	62.8%	68.18%	76.13%	75.4%	75.32%	71.24%	75.93%	76.01%	76.07%
Net Income+	3.09B	3.45B	2.31B	4.28B	5.83B	8.44B	6.44B	7.73B	6.96B	6.65B
Net Margin %	4.75%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%	7.71%
Net Income Growth %	21.41%	11.52%	-32.87%	85%	36.3%	44.68%	-23.75%	20.02%	-9.95%	-4.36%
Net Income (Continuing)	3.09B	3.45B	2.31B	4.28B	5.83B	8.44B	6.44B	7.73B	6.96B	6.65B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.47	4.09	2.85	5.49	7.75	12.03	10.17	13.20	12.23	11.85
EPS Growth %	27.11%	17.87%	-30.32%	92.63%	41.17%	55.23%	-15.46%	29.79%	-7.35%	-3.11%
EPS (Basic)	3.48	4.09	2.85	5.49	7.77	12.08	10.20	13.24	12.25	11.87
Diluted Shares Outstanding	881M	840M	812M	778M	750M	699M	631M	584M	567.46M	560M
Basic Shares Outstanding	880M	839M	811M	777M	748M	696M	629M	582M	567M	559M
Dividend Payout Ratio	36.27%	37.37%	62.88%	37.79%	29.2%	23.5%	36.82%	32.76%	36.88%	39.62%

Balance Sheet

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Total Current Assets+	12B	12.77B	14.23B	15.32B	22.33B	20.06B	21.44B	19.07B	20.36B	20.95B
Cash & Short-Term Investments	658M	690M	729M	876M	5.2B	1.4B	1.73B	1.23B	2.13B	1.35B
Cash Only	558M	588M	511M	716M	4.69B	1.13B	1.35B	921M	1.76B	982M
Short-Term Investments	100M	102M	218M	160M	506M	271M	384M	307M	372M	370M
Accounts Receivable	0	0	0	0	0	0	0	0	0	1.09B
Days Sales Outstanding	-	-	-	-	-	-	-	-	-	4.61
Inventory	10.46B	11.39B	12.56B	13.18B	16.19B	17.61B	18.53B	16.89B	17.41B	17.3B
Days Inventory Outstanding	86.67	87.38	91.92	95.32	96.22	97.57	101.61	104.07	110.46	110.01
Other Current Assets	884M	689M	938M	1.26B	937M	1.05B	1.18B	949M	816M	1.21B
Total Non-Current Assets+	22.41B	22.52B	20.41B	25.67B	25.96B	26.27B	23.83B	24.29B	24.21B	33.19B
Property, Plant & Equipment	19.95B	19.72B	18.43B	22.56B	22.99B	23.18B	21.09B	21.39B	21.39B	22.66B
Fixed Asset Turnover	3.26x	3.48x	3.87x	3.20x	3.90x	4.15x	4.60x	4.04x	3.91x	3.81x
Goodwill	1.08B	1.31B	303M	303M	311M	311M	311M	0	0	3.94B
Intangible Assets	0	0	0	259M	0	522M	303M	0	0	5.91B
Long-Term Investments	366M	408M	256M	372M	200M	247M	121M	252M	277M	319M
Other Non-Current Assets	789M	915M	995M	443M	571M	157M	196M	838M	836M	352M
Total Assets+	34.41B	35.29B	34.64B	40.99B	48.29B	46.33B	45.27B	43.36B	44.57B	54.14B
Asset Turnover	1.89x	1.94x	2.06x	1.76x	1.86x	2.08x	2.14x	1.99x	1.88x	1.59x
Asset Growth %	8.16%	2.57%	-1.84%	18.33%	17.81%	-4.06%	-2.28%	-4.23%	2.81%	21.47%
Total Current Liabilities+	11.97B	12.1B	14.5B	15.18B	18.73B	19.67B	19.51B	15.57B	18.76B	19.46B
Accounts Payable	6.65B	6.59B	8.28B	7.66B	10.88B	11.35B	10.52B	8.7B	9.29B	9.76B
Days Payables Outstanding	55.12	50.54	60.58	55.39	64.68	62.93	57.7	53.62	58.94	62.07
Short-Term Debt	1.3B	1.43B	1.83B	3.04B	1.65B	1.5B	1.61B	1.02B	3.15B	3.14B
Deferred Revenue (Current)	1.25B	1.38B	1.3B	1.22B	1.61B	1.91B	1.6B	1.41B	1.36B	1.48B
Other Current Liabilities	1.98B	1.95B	2.42B	2.58B	3.07B	3.21B	3.49B	3.44B	3.46B	5.08B
Current Ratio	1.00x	1.06x	0.98x	1.01x	1.19x	1.02x	1.10x	1.23x	1.09x	1.08x
Quick Ratio	0.13x	0.11x	0.11x	0.14x	0.33x	0.12x	0.15x	0.14x	0.16x	0.19x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	52.54
Total Non-Current Liabilities+	16B	17.32B	16.5B	23.84B	28.12B	31.48B	40.02B	42.84B	40.05B	44.6B
Long-Term Debt	13.58B	14.72B	13.68B	16.16B	20.1B	23.32B	32.43B	34.96B	32.51B	4.04B
Capital Lease Obligations	815M	709M	709M	4.55B	4.45B	4.56B	3.96B	4.16B	4.02B	0
Deferred Tax Liabilities	0	0	133M	1.52B	1.55B	1.69B	1.56B	1.56B	1.47B	1.04B
Other Non-Current Liabilities	843M	1.09B	1.15B	712M	991M	781M	862M	931M	779M	39.52B
Total Liabilities	27.97B	29.42B	31B	39.02B	46.85B	51.15B	59.53B	58.41B	58.8B	64.06B
Total Debt+	15.7B	16.86B	16.22B	23.75B	26.21B	29.38B	37.99B	40.15B	39.68B	7.19B
Net Debt	15.14B	16.27B	15.71B	23.03B	21.52B	28.25B	36.65B	39.22B	37.92B	6.21B
Debt / Equity	2.44x	2.87x	4.45x	12.04x	18.24x	-	-	-	-	-
Debt / EBITDA	2.12x	2.07x	2.10x	2.81x	2.02x	2.01x	2.50x	2.98x	3.28x	0.59x
Net Debt / EBITDA	2.05x	2.00x	2.04x	2.72x	1.66x	1.93x	2.42x	2.91x	3.14x	0.51x
Interest Coverage	8.87x	10.10x	9.41x	9.16x	12.48x	14.27x	11.12x	7.83x	6.88x	-
Total Equity+	6.43B	5.87B	3.64B	1.97B	1.44B	-4.82B	-14.25B	-15.05B	-14.23B	-9.92B
Equity Growth %	-15.94%	-8.72%	-37.95%	-45.88%	-27.13%	-435.14%	-195.97%	-5.58%	5.44%	30.31%
Book Value per Share	7.30	6.99	4.49	2.53	1.92	-6.89	-22.59	-25.77	-25.08	-17.71
Total Shareholders' Equity	6.43B	5.87B	3.64B	1.97B	1.44B	-4.82B	-14.25B	-15.05B	-14.23B	-9.92B
Common Stock	433M	415M	401M	381M	366M	335M	301M	287M	280M	281M
Retained Earnings	6.24B	5.42B	3.45B	1.73B	1.12B	-5.12B	-14.86B	-15.64B	-14.8B	-10.84B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-240M	11M	-209M	-136M	-136M	-36M	307M	300M	288M	271M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025	Jan 2026
Cash from Operations+	5.62B	5.07B	6.19B	4.3B	11.05B	10.11B	8.59B	8.14B	9.63B	9.86B
Operating CF Margin %	8.64%	7.38%	8.68%	5.95%	12.33%	10.51%	8.85%	9.42%	11.5%	11.43%
Operating CF Growth %	17.41%	-9.83%	22.27%	-30.63%	157.19%	-8.47%	-15.07%	-5.23%	18.24%	2.48%
Net Income	3.09B	3.45B	2.31B	4.28B	5.83B	8.44B	6.44B	7.73B	6.96B	6.65B
Depreciation & Amortization	1.59B	1.54B	1.61B	1.41B	1.59B	1.88B	1.98B	1.92B	1.97B	2.19B
Stock-Based Compensation	90M	99M	74M	98M	155M	230M	224M	210M	221M	247M
Deferred Taxes	28M	53M	-151M	177M	-108M	135M	-239M	6M	9M	256M
Other Non-Cash Items	445M	422M	1.59B	597M	1.68B	551M	3.07B	503M	348M	625M
Working Capital Changes	371M	-496M	758M	-2.27B	1.9B	-1.13B	-2.88B	-2.23B	118M	-112M
Change in Receivables	0	0	0	0	1.14B	0	0	0	0	0
Change in Inventory	-178M	-791M	-1.29B	-600M	-2.97B	-1.41B	-2.59B	1.64B	-514M	703M
Change in Payables	653M	-92M	1.72B	-637M	3.21B	466M	-549M	-1.82B	633M	73M
Cash from Investing+	-3.36B	-1.44B	-1.08B	-1.37B	-1.89B	-1.65B	-1.31B	-1.9B	-1.74B	-12.26B
Capital Expenditures	-1.17B	-1.12B	-1.17B	-1.48B	-1.79B	-1.85B	-1.83B	-1.96B	-1.93B	-2.21B
CapEx % of Revenue	1.79%	1.64%	1.65%	2.06%	2%	1.93%	1.88%	2.27%	2.3%	2.56%
Acquisitions	-2.36B	-509M	76M	163M	90M	113M	491M	100M	177M	-10.09B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	24M	58M	-2M	0	-25M	-134M	44M	26M	94M	72M
Cash from Financing+	-2.09B	-3.61B	-5.12B	-2.73B	-5.19B	-12.02B	-7.05B	-6.67B	-7.05B	1.62B
Debt Issued (Net)	2.56B	744M	-741M	3.08B	1.37B	2.85B	9.3B	1.88B	-545M	4.39B
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-1.12B	-1.29B	-1.46B	-1.62B	-1.7B	-1.98B	-2.37B	-2.53B	-2.57B	-2.64B
Share Repurchases	-3.6B	-3.19B	-3.04B	-4.31B	-4.97B	-13.01B	-14.12B	-6.14B	-4.05B	-211M
Other Financing	64M	129M	109M	117M	114M	126M	146M	120M	117M	-68M
Net Change in Cash	153M	30M	-77M	205M	3.97B	-3.56B	215M	-427M	840M	-779M
Free Cash Flow+	4.45B	3.94B	5.02B	2.81B	9.26B	8.26B	6.76B	6.18B	7.7B	7.65B
FCF Margin %	6.84%	5.74%	7.04%	3.9%	10.33%	8.58%	6.96%	7.15%	9.2%	8.87%
FCF Growth %	24.06%	-11.42%	27.32%	-43.97%	229.23%	-10.78%	-18.16%	-8.64%	24.64%	-0.61%
FCF per Share	5.05	4.69	6.18	3.61	12.34	11.82	10.71	10.58	13.57	13.66
FCF Conversion (FCF/Net Income)	1.82x	1.47x	2.68x	1.00x	1.89x	1.20x	1.33x	1.05x	1.38x	1.48x
Interest Paid	0	654M	635M	671M	824M	837M	976M	1.46B	1.48B	0
Taxes Paid	0	1.67B	1.32B	1.42B	1.59B	2.73B	1.72B	3.7B	1.65B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	43.88%	56.02%	48.63%	152.46%	342.33%	-	-	-	-	-
Return on Invested Capital (ROIC)	21.02%	22.6%	22.07%	22.25%	34.03%	39.62%	41.44%	37.15%	31.69%	76.25%
Gross Margin	32.26%	30.65%	30.05%	30.05%	31.44%	31.58%	31.41%	31.41%	31.25%	33.48%
Net Margin	4.75%	5.02%	3.25%	5.93%	6.51%	8.77%	6.63%	8.94%	8.31%	7.71%
Debt / Equity	2.44x	2.87x	4.45x	12.04x	18.24x	-	-	-	-	-
Interest Coverage	8.87x	10.10x	9.41x	9.16x	12.48x	14.27x	11.12x	7.83x	6.88x	-
FCF Conversion	1.82x	1.47x	2.68x	1.00x	1.89x	1.20x	1.33x	1.05x	1.38x	1.48x
Revenue Growth	10.06%	5.54%	3.92%	1.18%	24.19%	7.43%	0.84%	-11.01%	-3.13%	3.12%

Lowe's Companies, Inc. (LOW) 10-Year Financial Performance & Capital Metrics

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Lowe's Companies, Inc. (LOW) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare LOW vs Peers

vs HD

vs FND

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Deep Dive Analysis

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Dividend History

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Financial Ratios