LOW

MKT CAP:$137B

Lowe's Companies, Inc.

Market Cap

$137B

Consumer Cyclical·Home Improvement·🇺🇸 United States·NYSE

Consumer Cyc.·Home Improvement·🇺🇸·NYSE

Stock Price

$244.39-$2.50 (-1.01%)

Apr 24, 2026

Company Details

Lowe'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 decoratin...

CEO

Marvin R. Ellison

IPO Date

Mar 17, 1980

Website

www.lowes.com

Key Metrics TTM

Revenue

$86.3B

+3.1% YoY

Net Income

$6.7B

EPS (Diluted)

$11.85

Free Cash Flow

$7.7B

Revenue / Share

$154.08

Gross Margin

33.5%

Operating Margin

11.8%

Net Margin

7.7%

FCF Margin

8.9%

P/S

1.6x

P/E

20.6x

Earnings Reports

FY 2025

Mar 23, 2026

$86.3B+3.1%EPS $11.85

Q4 2025

Mar 23, 2026

$20.6B+10.9%EPS $1.78

Q3 2025

Nov 26, 2025

$20.8B+3.2%EPS $2.88

Q2 2025

Aug 28, 2025

$24.0B+1.6%EPS $4.27

Q1 2025

May 29, 2025

$20.9B-2.0%EPS $2.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$23.7B	$7.6B	$3.3B
Q2 22	$27.5B	$8.7B	$4.2B
Q3 22	$23.5B	$7.4B	$924M
Q4 22	$22.4B	$6.8B	$4.2B
Q1 23	$22.3B	$7.1B	$3.2B
Q2 23	$25.0B	$8.0B	$3.9B
Q3 23	$20.5B	$6.5B	$2.7B
Q4 23	$18.6B	$5.6B	$1.8B
Q1 24	$21.4B	$6.7B	$2.7B
Q2 24	$23.6B	$7.5B	$3.4B
Q3 24	$20.2B	$6.4B	$2.5B
Q4 24	$18.6B	$5.7B	$1.8B
Q1 25	$20.9B	$6.5B	$2.5B
Q2 25	$24.0B	$7.6B	$3.5B
Q3 25	$20.8B	$6.6B	$2.5B
Q4 25	$20.6B	$8.1B	$1.7B

Valuation

Quarter	P/S	P/E
Q1 22	1.4x	15.3x
Q2 22	1.3x	14.2x
Q3 22	1.2x	17.6x
Q4 22	1.3x	18.9x
Q1 23	1.2x	18.7x
Q2 23	1.4x	21.3x
Q3 23	1.2x	14.5x
Q4 23	1.4x	15.7x
Q1 24	1.5x	18.2x
Q2 24	1.6x	19.3x
Q3 24	1.8x	21.7x
Q4 24	1.7x	20.6x
Q1 25	1.5x	18.4x
Q2 25	1.6x	19.1x
Q3 25	1.6x	19.4x
Q4 25	1.7x	22.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3.0B	$2.6B
Q2 22	$3.0B	$2.7B
Q3 22	$2.1B	$1.7B
Q4 22	$451M	-$288M
Q1 23	$2.1B	$1.7B
Q2 23	$3.9B	$3.5B
Q3 23	$1.1B	$485M
Q4 23	$1.1B	$488M
Q1 24	$4.3B	$3.9B
Q2 24	$3.2B	$2.7B
Q3 24	$1.3B	$728M
Q4 24	$911M	$363M
Q1 25	$3.4B	$2.9B
Q2 25	$4.2B	$3.7B
Q3 25	$687M	$90M
Q4 25	$1.6B	$964M

Capital Expenditures

Quarter	CapEx
Q1 22	$343M
Q2 22	$344M
Q3 22	$403M
Q4 22	$739M
Q1 23	$380M
Q2 23	$385M
Q3 23	$579M
Q4 23	$620M
Q1 24	$382M
Q2 24	$426M
Q3 24	$571M
Q4 24	$548M
Q1 25	$518M
Q2 25	$495M
Q3 25	$597M
Q4 25	$603M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-3.1%	-3.9%
Q2 22	-0.3%	-0.5%
Q3 22	+2.4%	+12.1%
Q4 22	+5.2%	-6.4%
Q1 23	-5.5%	-5.9%
Q2 23	-9.2%	-9.4%
Q3 23	-12.8%	-21.2%
Q4 23	-17.1%	-7.7%
Q1 24	-4.4%	-2.3%
Q2 24	-5.5%	-4.2%
Q3 24	-1.5%	-0.5%
Q4 24	-0.3%	-0.2%
Q1 25	-2.0%	-1.5%
Q2 25	+1.6%	+1.5%
Q3 25	+3.2%	+3.6%
Q4 25	+10.9%	+12.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$50M	0.2%
Q2 22	$115M	0.4%
Q3 22	$55M	0.2%
Q4 22	$59M	0.3%
Q1 23	$59M	0.3%
Q2 23	$54M	0.2%
Q3 23	$47M	0.2%
Q4 23	$50M	0.3%
Q1 24	$55M	0.3%
Q2 24	$55M	0.2%
Q3 24	$54M	0.3%
Q4 24	$57M	0.3%
Q1 25	$58M	0.3%
Q2 25	$59M	0.2%
Q3 25	$60M	0.3%
Q4 25	$70M	0.3%

OpEx Breakdown

Quarter	SG&A
Q1 22	$4.3B
Q2 22	$4.5B
Q3 22	$6.4B
Q4 22	$2.6B
Q1 23	$3.9B
Q2 23	$4.1B
Q3 23	$3.8B
Q4 23	$3.8B
Q1 24	$4.0B
Q2 24	$4.1B
Q3 24	$3.9B
Q4 24	$3.9B
Q1 25	$4.0B
Q2 25	$4.2B
Q3 25	$4.2B
Q4 25	$4.4B

Revenue Segments

Quarter	Building Products	Hardlines	Home Decor	Other Sales
Q1 22	$8.2B	$6.7B	$8.3B	$495M
Q2 22	$8.9B	$8.8B	$9.1B	$703M
Q3 22	$8.2B	$6.0B	$8.6B	$697M
Q1 23	$6.8B	$6.8B	$8.2B	$504M
Q2 23	$7.2B	$8.3B	$8.7B	$638M
Q3 23	$6.8B	$5.2B	$7.8B	$630M
Q1 24	$6.6B	$6.6B	$7.7B	$410M
Q2 24	$7.1B	$7.7B	$8.2B	$610M
Q3 24	$6.7B	$5.3B	$7.5B	$573M
Q4 24	$5.9B	$4.6B	$7.5B	$583M
Q1 25	$6.6B	$6.4B	$7.6B	$424M
Q2 25	$7.1B	$7.8B	$8.4B	$699M

Revenue by Geography

Quarter	Non-US	United States
Q1 22	$1.2B	$22.4B
Q2 22	$1.7B	$25.8B
Q3 22	$1.2B	$22.3B
Q1 23	—	$22.3B
Q2 23	—	$25.0B
Q3 23	—	$20.5B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3.4B	$368M	$3.8B
Q2 22	$1.5B	$450M	$1.9B
Q3 22	$3.2B	$464M	$3.7B
Q4 22	$1.3B	$384M	$1.7B
Q1 23	$3.0B	$423M	$3.4B
Q2 23	$3.5B	$374M	$3.9B
Q3 23	$1.2B	$321M	$1.5B
Q4 23	$921M	$307M	$1.2B
Q1 24	$3.2B	$264M	$3.5B
Q2 24	$4.4B	$330M	$4.7B
Q3 24	$3.3B	$335M	$3.6B
Q4 24	$1.8B	$372M	$2.1B
Q1 25	$3.1B	$368M	$3.4B
Q2 25	$4.9B	$396M	$5.3B
Q3 25	$621M	$412M	$1.0B
Q4 25	$982M	$370M	$1.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	662M	-2.1%	-8.1%
Q2 22	639M	-3.5%	-9.6%
Q3 22	620M	-3.0%	-10.1%
Q4 22	605M	-2.4%	-10.5%
Q1 23	597M	-1.3%	-9.8%
Q2 23	585M	-2.0%	-8.5%
Q3 23	577M	-1.4%	-6.9%
Q4 23	575M	-0.3%	-5.0%
Q1 24	572M	-0.5%	-4.2%
Q2 24	570M	-0.3%	-2.6%
Q3 24	566M	-0.7%	-1.9%
Q4 24	563M	-0.5%	-2.1%
Q1 25	560M	-0.5%	-2.1%
Q2 25	560M	0.0%	-1.8%
Q3 25	560M	0.0%	-1.1%
Q4 25	560M	0.0%	-0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$118.3K	200K
Q2 22	$137.4K	200K
Q3 22	$117.4K	200K
Q4 22	$112.2K	200K
Q1 23	$122.8K	182K
Q2 23	$137.1K	182K
Q3 23	$112.5K	182K
Q4 23	$102.2K	182K
Q1 24	$127.2K	168K
Q2 24	$140.4K	168K
Q3 24	$120.1K	168K
Q4 24	$115.2K	161K
Q1 25	$130.0K	161K
Q2 25	$148.8K	161K
Q3 25	$129.3K	161K
Q4 25	$123.3K	167K

Revenue / Employee