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Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and Canada. It provides a line of products for construction, maintenance, repair, remodeling, and decorating. The company also offers home improvement products, such as appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and décor. In addition, it provides installation services through independent contractors in various product categories; and extended protection plans and repair services. Further, the company provides design, distribution, and installation services for interior surface finishes to home builders and property managers. It sells its national brand-name merchandise and private brand products to professional customers, individual homeowners, and renters. The company serves its products through Lowes.com website, mobile applications, retail home improvement stores and outlet stores, and its branches. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $86.3B | $12.5B | $6.7B | $7.7B | -67.1% | 3.1% | -4.4% |
| 2025 | $83.7B | $12.6B | $7.0B | $7.7B | -48.9% | -3.1% | -10.0% |
| 2024 | $86.4B | $13.6B | $7.7B | $6.2B | -51.3% | -11.0% | 20.0% |
| 2023 | $97.1B | $12.2B | $6.4B | $6.8B | -45.2% | - | - |
| 2022 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 97,059 | 86,377 | 83,674 | 86,286 |
| Operating Revenue | - | 95,570 | 85,099 | 82,472 | 84,894 |
| Cost Of Revenue | - | 64,802 | 57,533 | 55,797 | 57,401 |
| Gross Profit | - | 32,257 | 28,844 | 27,877 | 28,885 |
| Operating Expense | - | 22,098 | 17,287 | 17,411 | 18,732 |
| Selling General And Administration | - | 20,332 | 15,570 | 15,682 | 16,791 |
| Total Expenses | - | 86,900 | 74,820 | 73,208 | 76,133 |
| Operating Income | - | 10,159 | 11,557 | 10,466 | 10,153 |
| Total Operating Income As Reported | - | 10,159 | 11,557 | 10,466 | 10,153 |
| EBITDA | - | 12,177 | 13,581 | 12,597 | 12,468 |
| Normalized EBITDA | - | 12,177 | 13,581 | 12,597 | 12,468 |
| EBIT | - | 10,196 | 11,658 | 10,625 | 10,274 |
| Interest Income | - | 37 | 101 | 159 | 121 |
| Interest Expense | - | 1,160 | 1,483 | 1,472 | 1,527 |
| Net Interest Income | - | -1,123 | -1,382 | -1,313 | -1,406 |
| Interest Income Non Operating | - | 37 | 101 | 159 | 121 |
| Interest Expense Non Operating | - | 1,160 | 1,483 | 1,472 | 1,527 |
| Net Non Operating Interest Income Expense | - | -1,123 | -1,382 | -1,313 | -1,406 |
| Pretax Income | - | 9,036 | 10,175 | 9,153 | 8,747 |
| Tax Provision | - | 2,599 | 2,449 | 2,196 | 2,093 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 6,437 | 7,726 | 6,957 | 6,654 |
| Net Income From Continuing And Discontinued Operation | - | 6,437 | 7,726 | 6,957 | 6,654 |
| Net Income From Continuing Operation Net Minority Interest | - | 6,437 | 7,726 | 6,957 | 6,654 |
| Net Income | - | 6,437 | 7,726 | 6,957 | 6,654 |
| Net Income Common Stockholders | - | 6,416 | 7,706 | 6,940 | 6,636 |
| Net Income Including Noncontrolling Interests | - | 6,437 | 7,726 | 6,957 | 6,654 |
| Normalized Income | - | 6,437 | 7,726 | 6,957 | 6,654 |
| Diluted NI Availto Com Stockholders | - | 6,416 | 7,706 | 6,940 | 6,636 |
| Basic Average Shares | - | 629 | 582 | 567 | 559 |
| Diluted Average Shares | - | 631 | 584 | 568 | 560 |
| Reconciled Depreciation | - | 1,981 | 1,923 | 1,972 | 2,194 |
| Reconciled Cost Of Revenue | - | 64,587 | 57,327 | 55,554 | 57,148 |
| Total Unusual Items | 0 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | 0 | - | - | - |
| Special Income Charges | 0 | 0 | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 1,766 | 1,717 | 1,729 | 1,941 |
| Depreciation And Amortization In Income Statement | - | 1,766 | 1,717 | 1,729 | 1,941 |
| Otherunder Preferred Stock Dividend | - | 21 | 20 | 17 | 18 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lowe's Companies, Inc.this co. | LOW | $116.4B | 17.49↓ discount | -11.73 | -67.1% | 12.84 |
| Booking Holdings Inc. | BKNG | $129.8B | 24.02 | -23.27 | -96.9% | 14.31 |
| PDD Holdings Inc. | PDD | $122.2B | 1.25 | 0.30 | 23.7% | -2.41 |
| Starbucks Corporation | SBUX | $107.3B | 57.80 | -13.25 | -22.9% | 27.10 |
| Marriott International, Inc. | MAR | $101.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 39.06 |
| -26.94 |
| -69.0% |
| 24.64 |
| MercadoLibre, Inc. | MELI | $82.9B | 41.50 | 12.28 | 29.6% | 23.72 |
| Airbnb, Inc. | ABNB | $79.4B | 31.61 | 9.68 | 30.6% | 29.43 |
| Royal Caribbean Cruises Ltd. | RCL | $78.7B | 18.43 | 7.84 | 42.5% | 14.10 |
| Hilton Worldwide Holdings Inc. | HLT | $77.0B | 52.83 | -14.29 | -27.0% | 31.08 |
| Peer Median | - | 35.33 | -6.48 | 0.4% | 24.18 | |