— Know what they know.
/
Not Investment Advice

LOW

NYSE · USD
Lowe's Companies, Inc.
Consumer Cyclical · Home Improvement
CEO Marvin R. Ellison Employees 167,000 R&D / revenue 0.0%
Last price
$197.31+0.81%last session
Market cap
$110.7B
P/E (TTM)
16.7x
From 52w high
−32.7%
From 52w low
+10.6%
1-year return
−18.4%
RSI 14 · vs SMA200
58.4 · −13.7%
IS score
56.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

LOW   SPY   XLY (sector ETF) · weekly closes
8090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97LOW 82

Score DNA

Each bar is a 0-100 score within the scored universe
38
Profitability
54
Growth
51
Value
73
Momentum
80
Risk (safety)
65
Quality
36
Balance sheet
88
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Beneish M above -1.78
Observations
Moat model: Weak, Cost AdvantagePiotroski 7 / 9Altman Z 3.2Beta 0.853 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
3 open-market sales, $5.8M
Form 144 notices (12m): 5, $13.2M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-08-10
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−39
170 new holders, 171 closed
2,667 filers hold 80.5% · 905 added, 1,205 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+299
1,379 funds adding shares
1,080 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
36.1%
20-day avg 32.6%, 50-day avg 36.3%
Latest 3.5 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$86.3B
Revenue growth YoY+3.1%
Gross margin33.5%
Operating income$10.2B
Operating margin11.8%
Net income$6.7B
Net margin7.7%
EPS (diluted)$11.85
Cash flow
Operating cash flow$9.9B
Capital expenditure$2.2B
Free cash flow$7.7B
FCF conversion (FCF / OCF)77.6%
Stock-based compensation$247.0M
FCF less SBC$7.4B
Buybacks$211.0M
Dividends$2.6B
Balance sheet & returns
Cash & short-term investments$1.4B
Total debt$7.2B
Net debt$5.8B
Shareholders' equity−$9.9B
Goodwill & intangibles$9.9B
Debt / equity-5.65
ROE (TTM)-71.8%
ROIC (TTM)20.6%
Operating margin by fiscal year
12.6%FY202113.0%FY202213.4%FY202312.3%FY202411.8%FY2025
Revenue $96.2B (FY2021) to $86.3B (FY2025), a -2.7% CAGR.

Valuation

P/E (TTM)16.7x
EV / EBITDA11.7x
Price / sales1.22x
Price / FCF15.8x
FCF yield6.32%
Buyback yield0.19%
SBC / revenue0.3%
Price / bookn/m
Forward P/E FY202716.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $235.50 across 6 analysts last quarter is theirs, not ours.

LOW vs industry median

22 companies in Home Improvement
Gross margin 33.1% 33.9% Operating margin 11.4% 6.6% Net margin 7.3% 4.2% ROIC 20.6% 5.6%
LOW (TTM)Industry median Asset turnover 1.62 vs industry 1.32 · financial leverage -7.51

Earnings delivery

Next report 2026-11-18 · consensus EPS $2.87
100%
beat rate, 12 of 12 quarters
+2.9%
median EPS surprise
12
longest beat streak
+1+5+4+3+3+5+1+2+3+2+2+4
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-21 to 2026-08-19. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
LOW Lowe's Companies, Inc. $110.7B16.7x-71.8%7.3%+3.1% −18.4%
HD The Home Depot, Inc. $308.9B21.6x104.3%10.0%+2.5% −19.6%
SBUX Starbucks Corporation $111.2B56.0x-25.8%11.2%+4.5% +18.6%
ABNB Airbnb, Inc. $104.0B39.3x34.5%22.6%+13.6% +41.3%
MAR Marriott International, Inc. $101.2B40.4x-69.1%10.8%+4.7% +50.2%
BKNG Booking Holdings Inc. $122.8B18.0x-82.7%26.5%+12.9% —
MELI MercadoLibre, Inc. $93.0B49.9x27.5%4.6%+46.0% —
HLT Hilton Worldwide Holdings In $77.7B50.2x-29.1%14.4%+8.7% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-09-02Officer/Director Change
2026-08-19Earnings Release; Exhibits
2026-06-02Shareholder Vote
2026-05-20Earnings Release; Exhibits
2026-02-25Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-11-19Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding561,054,000
Free float99.8%
Institutional ownership80.5%
Beta0.85
Dividend yield2.46%
Last dividend$1.25 on 2026-10-21
50 / 200-day average$200.20 / $229.00
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where LOW sits among 5 scored companies in Home Improvement (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureLOWIndustry medianIndustry percentileSector median
P/E (TTM) 16.7x 21.7x
0th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 3.54 — 0.96
Price / sales 1.2x 1.0x
75th		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 15.8x 15.8x
50th		 15.2x
Price / operating cash flow 12.0x 9.5x
75th		 10.2x
Enterprise value $149.3B $6.5B
75th		 $5.6B
EV / sales 1.7x 1.4x
75th		 1.4x
EV / EBITDA 12.1x 11.8x
75th		 11.4x
EV / EBIT 15.0x 18.4x
0th		 16.0x
EV / free cash flow 21.3x 21.3x
50th		 21.0x
Earnings yield 6.0% 4.6%
100th		 4.8%
FCF yield 6.3% 6.3%
50th		 5.9%
Operating cash flow yield 8.4% 10.5%
25th		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureLOWIndustry medianIndustry percentileSector median
Gross margin 33.1% 44.9%
0th		 34.2%
EBITDA margin 13.6% 11.7%
75th		 11.7%
Operating margin 11.4% 6.6%
75th		 8.7%
EBIT margin 11.0% 6.6%
75th		 8.2%
Net margin 7.3% 4.9%
75th		 4.9%
NOPAT margin 8.6% 5.1%
75th		 6.8%
FCF margin 7.7% 5.1%
75th		 6.5%
Operating cash flow margin 10.2% 10.2%
50th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 19.3% 38.1%
25th		 17.2%
Stock comp / revenue 0.3% 0.5%
0th		 0.6%
Effective tax rate 24.2% 24.2%
50th		 22.4%

Returns on capital

MeasureLOWIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 13.0% 4.2%
75th		 4.4%
ROIC 25.0% 5.7%
100th		 9.3%
ROCE 28.6% 7.0%
100th		 9.9%
Return on tangible assets 19.4% 5.6%
75th		 7.4%
Cash ROIC (OCF / invested capital) 29.7% 14.4%
100th		 14.4%
Gross profitability (GP / assets) 55.2% 55.2%
50th		 31.6%
ROIC, 3-yr average 30.7% 5.1%
100th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 37.6% 67.4%
25th		 11.2%

Growth

MeasureLOWIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 8.2% 8.0%
100th		 6.0%
Revenue growth (QoQ) 12.5% 8.5%
75th		 6.6%
Revenue CAGR, 3 yr -1.0% -1.0%
50th		 3.0%
Revenue CAGR, 5 yr -0.9% -0.9%
50th		 5.9%
Gross profit CAGR, 3 yr 1.7% 1.7%
50th		 3.3%
Operating income CAGR, 3 yr -5.5% -7.2%
75th		 2.1%
Net income growth (TTM YoY) -3.1% -3.1%
50th		 4.7%
Net income CAGR, 3 yr 3.2% -7.0%
100th		 1.4%
EPS growth (TTM YoY) -3.1% -3.1%
50th		 7.6%
EPS CAGR, 3 yr 4.7% -7.1%
100th		 3.4%
EPS CAGR, 5 yr 3.7% -4.1%
100th		 2.9%
FCF growth (TTM YoY) -8.9% 46.9%
0th		 26.3%
FCF CAGR, 3 yr 1.8% 52.4%
25th		 6.5%
Operating cash flow CAGR, 3 yr 2.7% -2.2%
100th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 2.7% — 3.2%
Sustainable growth rate —

Margin history & stability

MeasureLOWIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 32.2% 42.9%
0th		 34.9%
Operating margin, 3-yr average 12.0% 6.1%
75th		 8.0%
Net margin, 3-yr average 7.9% 4.8%
75th		 4.8%
FCF margin, 3-yr average 8.7% 4.9%
75th		 5.7%
Revenue stability (0-1) 0.35 0.63
0th		 0.80
Earnings stability (0-1) 0.15 0.61
0th		 0.43
Margin stability (0-1) 0.96 0.97
0th		 0.92

Liquidity (latest quarter)

MeasureLOWIndustry medianIndustry percentileSector median
Cash & short-term investments $3.4B $320.6M
100th		 $278.1M
Net cash (− = net debt) −$38.6B −$1.7B
25th		 −$1.2B
Working capital $2.2B $432.8M
75th		 $298.0M
Current ratio 1.10 1.33
25th		 1.49
Quick ratio 0.27 0.45
0th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.16 0.25
25th		 0.31
Defensive interval (days) 83 days 85 days
0th		 290 days

Leverage & solvency (latest quarter)

MeasureLOWIndustry medianIndustry percentileSector median
Total debt $42.0B $2.0B
75th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 75.2% 35.2%
100th		 39.7%
Debt / capital —
Debt / EBITDA 3.41 3.64
25th		 3.26
Net debt / EBITDA 3.13 2.42
100th		 2.42
Interest coverage (EBIT / interest) 6.2x 26.5x
0th		 5.1x
Cash interest coverage 5.8x 43.1x
0th		 6.0x
Debt payback (years of OCF) 4.5 yrs 3.8 yrs
100th		 3.8 yrs
Liabilities / assets 113.3% 56.3%
100th		 68.1%
IS credit model rating B- — —
Implied credit spread (bps) 900 150
100th		 275

Efficiency

MeasureLOWIndustry medianIndustry percentileSector median
Asset turnover 1.76 1.20
100th		 1.00
Fixed asset turnover 4.05 2.03
75th		 3.73
Inventory turnover 3.5 3.1
75th		 5.3
Receivables turnover 146.1 — 19.9
Days sales outstanding 2 days 2 days
50th		 18 days
Days inventory outstanding 104 days 116 days
25th		 68 days
Days payables outstanding 63 days 43 days
75th		 42 days
Cash conversion cycle (days) 44 days 65 days
0th		 44 days
Capex / revenue 2.5% 2.7%
25th		 3.1%
Capex / depreciation 0.95 0.95
50th		 0.89
Operating expense ratio 19.4% 38.3%
0th		 24.8%

Cash flow & earnings quality

MeasureLOWIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.39 2.18
25th		 1.76
FCF / net income 1.05 1.06
25th		 1.18
FCF / operating cash flow 75.6% 65.2%
75th		 70.1%
Capex / operating cash flow 24.4% 34.8%
25th		 29.9%
Accruals ratio -5.1% -5.1%
50th		 -5.7%
Sloan accruals ratio -2.3% -5.1%
75th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
0th		 0.75

Dividends & buybacks

MeasureLOWIndustry medianIndustry percentileSector median
Dividend yield 2.5% 3.0%
25th		 0.8%
Dividend per share (TTM) $4.85 $1.32
75th		 $0.40
Payout ratio (dividends / net income) 40.5% 64.8%
25th		 17.8%
Dividends / FCF 38.5% 53.4%
25th		 11.6%
Dividend growth (YoY) 3.8% — 4.8%
Buyback yield 0.4% 1.4%
25th		 1.6%
Shareholder yield (dividends + buybacks) 2.9% 3.0%
25th		 3.7%
Share count change (YoY) 0.0% 0.0%
25th		 -0.9%
Buybacks, last 5 years $5.0B $46.9M
100th		 $198.3M

Scores & forensic checks

MeasureLOWIndustry medianIndustry percentileSector median
IS score 56 53
100th		 50
IS profitability 38 38
50th		 38
IS growth 54 48
100th		 53
IS value 51 43
100th		 50
IS momentum 73 70
75th		 72
IS risk (safety) 80 80
25th		 65
IS quality 65 66
25th		 63
IS balance sheet 36 62
0th		 48
IS earnings quality 88 86
100th		 77
IS cash flow 51 57
0th		 56
Piotroski F-score (0-9) 7 6
75th		 6
Altman Z-score 3.2 3.2
50th		 2.8
Beneish M-score −1.55 −2.46
100th		 −2.69
Ohlson O-score −6.81 −6.81
50th		 −6.83
IS credit score 20 71
0th		 58

Per share

MeasureLOWIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $11.86 $2.15
75th		 $2.05
Book value per share −$13.28 $17.90
0th		 $14.46
Tangible book per share −$30.60 $18.68
0th		 $3.70
Revenue per share $161.48 $47.51
75th		 $46.29
FCF per share $12.50 $2.41
75th		 $2.72
Operating cash flow per share $16.54 $4.67
75th		 $4.86
Cash per share $6.08 $6.08
50th		 $3.59

Size (TTM)

MeasureLOWIndustry medianIndustry percentileSector median
Market cap $110.7B $4.8B
75th		 $3.6B
Revenue $90.4B $4.7B
75th		 $3.9B
EBITDA $12.3B $552.6M
75th		 $442.3M
Net income $6.6B $232.2M
75th		 $178.6M
Free cash flow $7.0B $211.4M
75th		 $206.3M
Total assets $55.9B $5.7B
75th		 $4.4B
Shareholders' equity −$7.4B $294.1M
0th		 $957.6M
Employees 276,000 12,096
75th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-30Taylor Colleen
Director
 Award / grant 68——1,509
2026-09-30Simkins Lawrence
Director
 Award / grant 136——1,113
2026-09-30Rogers Brian C
Director
 Award / grant 136——5,856
2026-09-30Dreiling Richard W
Director
 Award / grant 298——20,059
2026-09-30Douglas Laurie Z
Director
 Award / grant 81——5,009
2026-09-15Godbole Seemantini
EVP, CI & AI Officer
 Award / grant 396——49,449
2026-09-15Wilson Jennifer Elizabeth
EVP, Chief Marketing Officer
 Award / grant 2,891——9,157
2026-09-15Filipponi Adam D
EVP, Strategy & Business Dev
 Award / grant 3,212——9,927
2026-09-15Vance Quonta D
EVP, Stores
 Tax withholding 848$194.61$165,02925,326
2026-09-15Vance Quonta D
EVP, Stores
 Award / grant 2,009——27,335
2026-09-01Wilson Jennifer Elizabeth
EVP, Chief Marketing Officer
 — 1,798$191.32$343,9930
2026-09-01Wilson Jennifer Elizabeth
EVP, Chief Marketing Officer
 — 1,740$202.40$352,1760

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2520,882—
GiftDisposed31,601—
Open-market saleDisposed325,980$5.8M
Option exerciseDisposed414,150$1.5M
Option exerciseAcquired414,150$1.5M
Tax withholdingDisposed210,616$2.3M
—Disposed87,221$1.4M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 5 notices · 54,349 shares · $13.2M
FiledFilerShares proposedEst. proceeds
2026-06-18Margrethe Raub Vagell2,500$559,575
2026-06-17Juliette W Pryor9,330$2.1M
2026-06-16Janice Marie Dupre14,150$3.1M
2026-03-04Quonta Vance10,369$2.7M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 15 trades (2 purchases) · Senate 20 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-17Kevin HernHouseSale$1,001 - $15,0002026-10-14
2026-09-17Kevin HernHouseSale (Partial)$1,001 - $15,0002026-10-13
2026-09-11Ro KhannaHouseSale$15,001 - $50,0002026-10-09
2026-09-04Ro KhannaHouseSale$15,001 - $50,0002026-10-09
2026-07-20Sheldon WhitehouseSenateSale$1,001 - $15,0002026-08-03
2026-07-20Sheldon WhitehouseSenateSale (Partial)$1,001 - $15,0002026-08-02
2026-01-14John W. HickenlooperSenateSale$50,001 - $100,0002026-02-06
2026-01-14John Wright HickenlooperSenateSale$50,001 - $100,0002026-02-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.40,545,728$8.9B7.23%
FMR LLC37,267,356$8.2B6.64%
VANGUARD CAPITAL MANAGEMENT LLC36,598,609$8.1B6.52%
JPMORGAN CHASE & CO34,975,715$7.7B6.23%
STATE STREET CORP25,329,373$5.6B4.51%
VANGUARD PORTFOLIO MANAGEMENT LLC14,533,932$3.2B2.59%
GEODE CAPITAL MANAGEMENT, LLC14,291,229$3.1B2.55%
MORGAN STANLEY9,281,581$2.0B1.65%
WELLS FARGO & COMPANY/MN8,307,444$1.8B1.48%
BANK OF AMERICA CORP /DE/8,294,941$1.8B1.48%
NORGES BANK8,270,160$1.8B1.47%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/5,224,770$1.1B0.93%
Invesco Ltd.4,367,034$962.9M0.78%
NORTHERN TRUST CORP4,342,980$957.6M0.77%
GOLDMAN SACHS GROUP INC4,330,480$954.8M0.77%

Institutional ownership by quarter

2023-092026-0680.5%
% of shares held by 13F filers
2023-092026-062,667
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,66780.5%1709051,205171
2026-03-312,70677.9%1659961,132136
2025-12-312,72379.3%2909881,035168
2025-09-302,66076.7%2271,036969131
2025-06-302,61477.3%1471,0161,019154
2025-03-312,65676.8%1499791,100159
2024-12-312,71675.8%3319271,059117
2024-09-302,55576.5%2329211,007111
2024-06-302,46576.3%159959935171
2024-03-312,51476.3%2098691,070127
2023-12-312,46776.2%301838999106
2023-09-302,31377.4%136802985144

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-06SCHEDULE 13GAbigail P. Johnson5.7%31,780,951
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%42,022,528
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-01-07SCHEDULE 13G/AThe Vanguard Group10.0%56,226,069
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.14%$3.3B
VTSAX0.14%$3.3B
VTI0.14%$3.3B
VSMPX0.14%$3.3B
VFINX0.16%$2.7B
VFIAX0.16%$2.7B

Share structure

Shares outstanding561,054,000
Float559,791,647
Free float99.8%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$96.2B$97.1B$86.4B$83.7B$86.3B
Cost of revenue$65.9B$66.6B$59.2B$57.5B$57.4B
Gross profit$30.4B$30.5B$27.1B$26.1B$28.9B
R&D$0$0$0$0$0
SG&A$18.1B$17.8B$15.6B$16.0B$16.8B
Operating income$12.3B$12.7B$11.5B$10.1B$10.2B
EBITDA$14.5B$12.7B$13.6B$12.6B$10.7B
Pretax income$11.2B$9.0B$10.2B$9.2B$8.7B
Income tax$2.8B$2.6B$2.4B$2.2B$2.1B
Net income$8.4B$6.4B$7.7B$7.0B$6.7B
EPS, diluted$12.03$10.17$13.20$12.23$11.85
Diluted shares699.0M631.0M584.0M567.5M560.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.4B$1.7B$1.2B$2.1B$1.4B
Receivables$0$0$0$0$1.1B
Inventory$17.6B$18.5B$16.9B$17.4B$17.3B
Total current assets$20.1B$21.4B$19.1B$20.4B$21.0B
PP&E, net$23.2B$21.1B$21.4B$21.4B$22.7B
Goodwill & intangibles$833.0M$614.0M$0$0$9.9B
Total assets$46.3B$45.3B$43.4B$44.6B$54.1B
Accounts payable$11.4B$10.5B$8.7B$9.3B$9.8B
Total current liabilities$19.7B$19.5B$15.6B$18.8B$19.5B
Long-term debt$23.3B$32.4B$35.0B$32.5B$4.0B
Total liabilities$51.1B$59.5B$58.4B$58.8B$64.1B
Shareholders' equity−$4.8B−$14.3B−$15.1B−$14.2B−$9.9B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$8.4B$6.4B$7.7B$7.0B$6.7B
Depreciation & amortization$1.9B$2.0B$1.9B$2.0B$2.2B
Stock-based compensation$230.0M$224.0M$210.0M$221.0M$247.0M
Change in working capital−$1.1B−$2.9B−$2.2B$118.0M−$112.0M
Operating cash flow$10.1B$8.6B$8.1B$9.6B$9.9B
Capital expenditure−$1.9B−$1.8B−$2.0B−$1.9B−$2.2B
Free cash flow$8.3B$6.8B$6.2B$7.7B$7.7B
Investing cash flow−$1.6B−$1.3B−$1.9B−$1.7B−$12.3B
Net debt issued / repaid$2.9B$9.3B$1.9B−$545.0M$4.4B
Buybacks−$13.0B−$14.1B−$6.1B−$4.1B−$211.0M
Dividends paid−$2.0B−$2.4B−$2.5B−$2.6B−$2.6B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin31.6%31.4%31.4%31.3%33.5%
Operating margin12.6%13.0%13.4%12.3%11.8%
Net margin8.8%6.6%8.9%8.3%7.7%
FCF margin8.6%7.0%7.2%9.2%8.9%
ROE-499.6%-67.5%-52.7%-47.5%-55.1%
ROIC39.3%41.0%36.7%33.5%-189.2%
ROA17.8%14.1%17.4%15.8%13.5%
Debt / equity-6.10-2.67-2.67-2.79-0.72
Interest coverage14.0x8.9x7.9x7.2x6.5x
Current ratio1.021.101.231.091.08
Revenue growth+7.4%+0.8%−11.0%−3.1%+3.1%
EPS growth+57.3%−14.8%+26.3%−8.0%−3.8%
P/E at year end17.6x18.5x15.3x20.7x22.5x
EV / EBITDA at year end12.2x12.3x11.4x14.4x13.0x
FCF yield at year end5.55%5.66%5.22%5.34%5.12%
Dividend payout23.5%36.8%32.8%36.9%39.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Home Decor$34.0B$36.2B$32.1B$30.9B$31.5B
Building Products$31.2B$31.0B$26.9B$26.4B$26.5B
Hardlines$28.6B$27.2B$25.0B$24.3B$24.2B
Other Sales$2.5B$2.6B$2.3B$2.2B$1.8B

Revenue by region · FY2025

UNITED STATES$86.2B · 100%
Non-US$61.0M · 0%

Street estimates by fiscal year

Next report 2026-11-18 · consensus EPS $2.87 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$86.1B$86.0B – $86.2B$12.26$12.20 – $12.442216.1x
2026$86.1B$86.0B – $86.2B$12.25$12.19 – $12.431816.1x
2027$92.2B$91.9B – $92.4B$12.27$12.20 – $12.362016.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-19$4.22$4.40+4.3%$26.1B$26.0B−0.7%
2026-05-20$2.97$3.03+2.0%$23.0B$23.1B+0.4%
2026-02-25$1.94$1.98+2.1%$20.3B$20.6B+1.2%
2025-11-19$2.97$3.06+3.0%$20.8B$20.8B+0.1%
2025-08-20$4.24$4.33+2.1%$23.9B$24.0B+0.1%
2025-05-21$2.88$2.92+1.4%$20.9B$20.9B−0.0%
2025-02-26$1.84$1.93+4.9%$18.3B$18.6B+1.4%
2024-11-19$2.81$2.89+2.8%$19.9B$20.2B+1.2%
2024-08-20$3.97$4.10+3.3%$23.9B$23.6B−1.2%
2024-05-21$2.94$3.06+4.1%$21.1B$21.4B+1.1%
2024-02-27$1.68$1.77+5.4%$18.5B$18.6B+0.7%
2023-11-21$3.03$3.06+1.0%$18.6B$20.5B+10.3%
2023-08-22$4.49$4.56+1.6%$25.0B$25.0B−0.1%
2023-05-23$3.44$3.67+6.7%$21.6B$22.3B+3.4%
2023-03-01$2.21$2.28+3.2%$22.7B$22.4B−1.2%
2022-11-16$3.11$3.27+5.1%$23.1B$23.5B+1.6%
2022-08-17$4.58$4.67+2.0%$28.1B$27.5B−2.3%
2022-05-18$3.22$3.51+9.0%$23.8B$23.7B−0.4%
2022-02-23$1.71$1.78+4.1%$20.9B$21.3B+2.0%
2021-11-17$2.36$2.73+15.7%$20.8B$24.4B+17.4%
2021-08-18$4.01$4.25+6.0%$21.6B$27.6B+27.7%
2021-05-19$2.62$3.21+22.5%$22.9B$22.9B−0.1%
2021-02-24$1.21$1.33+9.9%$19.1B$20.3B+6.3%
2020-11-18$1.97$1.98+0.5%$22.4B$19.7B−12.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.706-150.906-220.606-290.707-060.707-130.807-200.807-270.608-030.608-101.208-170.708-240.908-31
Week ofNotionalSharesTrades
2026-08-31$914.9M4,520,845101,931
2026-08-24$672.7M3,177,63383,331
2026-08-17$1.2B5,553,925112,546
2026-08-10$630.2M2,888,59476,113
2026-08-03$587.1M2,701,68088,651
2026-07-27$818.2M3,842,221105,191

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1536.1%
DateShort shareShort volumeTotal volume
2026-10-1536.1%545,4491,511,739
2026-10-1437.2%337,700906,959
2026-10-1338.8%411,8691,062,681
2026-10-1239.9%426,9491,068,715
2026-10-0934.8%400,1541,150,994
2026-10-0832.3%452,0941,398,300
2026-10-0732.3%331,0231,023,902
2026-10-0629.8%381,3231,279,288
2026-10-0531.4%406,9181,297,937
2026-10-0238.7%459,2441,186,496
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.8Jan-0.9Feb+0.9Mar+2.2Apr-1.2May-1.7Jun+1.9Jul+4.1Aug-0.2Sep+0.1Oct+4.4Nov+2.4Dec
MonthAvg returnUp yearsYears
Jan+1.8%60%20
Feb−0.9%40%20
Mar+0.9%48%21
Apr+2.2%50%20
May−1.2%35%20
Jun−1.7%35%20
Jul+1.9%50%20
Aug+4.1%65%20
Sep−0.2%50%20
Oct+0.1%45%20
Nov+4.4%75%20
Dec+2.4%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1458.4
MFI50.3
ADX22.6
Stochastic %K / %D86.0 / 77.2
Williams %R-11.9
CCI180
TSI / signal-10.8 / -25.9
Chaikin money flow0.01
ATR$4.79
Bollinger width10.4%
Volume vs 20-day avg0.82x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$187.69 (+5.1%)
SMA 50$199.78 (−1.2%)
SMA 200$228.57 (−13.7%)
EMA 21$190.26 (+3.7%)
EMA 50$196.95 (+0.2%)
EMA 200$218.55 (−9.7%)
Bollinger upper$197.43 (−0.1%)
Bollinger lower$177.95 (+10.9%)
Parabolic SAR$181.03 (+9.0%)
Open the live chart, 110+ indicators

About Lowe's Companies, Inc.

Lowe's Companies, Inc., together with its various subsidiary entities, operates as a prominent home improvement retailer serving both the United States and international markets. The company supplies a broad spectrum of items essential for construction, upkeep, renovations, and interior design projects. Its comprehensive product line encompasses major appliances, seasonal and outdoor living essentials, lawn and garden tools, timber, kitchen and bathroom fixtures, power tools, paints, custom millwork, general hardware, flooring options, plumbing components, building materials, decorative accents, lighting solutions, and electrical supplies. In addition to merchandise, Lowe's facilitates installation services through independent contractors across numerous product categories, offers extended protection plans, and provides repair services covering both warranty and post-warranty issues. The company markets its inventory, comprising both well-known national brands and proprietary private-label items, to a diverse clientele including individual homeowners, tenants, and trade professionals. As of January 28, 2022, Lowe's operated 1,971 retail locations dedicated to home improvement and hardware. Products are also accessible via its e-commerce platforms, Lowes.com and Lowesforpros.com, and through its mobile applications. Established in 1921, Lowe's Companies, Inc. maintains its headquarters in Mooresville, North Carolina.

https://www.lowes.com

Key executives

NameTitlePayBorn
Marvin R. EllisonPresident, Chief Executive Officer & Chairman$4.8M1965
Juliette Williams PryorExecutive Vice President, Chief Legal Officer & Corporate Secretary$4.3M1965
William BoltzExecutive Vice President of Merchandising$1.9M1963
Joseph Michael McFarlandExecutive Vice President of Pro & Home Services$1.8M1970
Brandon SinkExecutive Vice President & Chief Financial Officer$1.8M1976
Seemantini GodboleExecutive VP and Chief Information & AI Officer$1.8M1970
Jennifer WilsonExecutive VP & Chief Marketing Officer——
Luis A. AvilaSenior Vice President of Corporate Governance & Chief Compliance Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Marvin R. Ellison Chairman, President and Chief Executive Officer2025$1.5M$12.5M$3.2M$21.6M
William P. Boltz Executive Vice President, Merchandising2025$896,504$4.4M$938,371$7.5M
Joseph M. McFarland III Executive Vice President, Stores2025$897,438$4.4M$939,349$7.4M
Brandon J. Sink Executive Vice President, Chief Financial Officer2025$840,112$3.8M$879,345$6.5M
Seemantini Godbole Executive Vice President, Chief Digital and Information Officer2025$835,185$3.7M$874,188$6.4M

Employees

190k2019200k2020220k2021200k2022182k2023168k2024161k2025167k2026

Dividends

Ex-dateAmountPaid
2026-10-21$1.252026-11-04
2026-07-22$1.252026-08-05
2026-04-22$1.22026-05-06
2026-01-21$1.22026-02-04
2025-10-22$1.22025-11-05
2025-07-23$1.22025-08-06
2025-04-23$1.152025-05-07
2025-01-22$1.152025-02-05

Moat model

Weak · Cost Advantage · 2026-07-31
Cost advantage82
Intangibles66
Switching costs12
Network effect45
Efficient scale80
Our component scores (0-100) and overall 54.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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