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LOW

Lowe's Companies, Inc.

LOW

Lowe's Companies, Inc. • NYSE
$242.48 ▲ 0.36% (+0.87)
Market Cap $135.98 B
52w High $280.64
52w Low $206.39
Dividend Yield 4.70%
P/E 20.07
Volume 1.27M
Outstanding Shares 560.80M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $20.813B ▼ $4.16B ▼ $1.616B ▼ 7.764% ▼ $2.88 ▼ $2.956B ▼
Q2-2025 $23.959B ▲ $4.175B ▲ $2.398B ▲ 10.009% ▲ $4.28 ▲ $4.025B ▲
Q1-2025 $20.93B ▲ $4.046B ▲ $1.641B ▲ 7.84% ▲ $2.93 ▲ $3.025B ▲
Q4-2024 $18.553B ▼ $3.902B ▲ $1.124B ▼ 6.058% ▼ $2 ▼ $2.376B ▼
Q3-2024 $20.17B $3.881B $1.695B 8.404% $2.99 $3.08B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.033B ▼ $53.453B ▲ $63.835B ▲ $-10.382B ▲
Q2-2025 $5.256B ▲ $46.614B ▲ $58.014B ▼ $-11.4B ▲
Q1-2025 $3.422B ▲ $45.372B ▲ $58.626B ▼ $-13.254B ▲
Q4-2024 $2.133B ▼ $44.573B ▼ $58.804B ▲ $-14.231B ▼
Q3-2024 $3.606B $44.743B $58.162B $-13.419B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.616B ▼ $687M ▼ $-9.344B ▼ $4.418B ▲ $-4.239B ▼ $90M ▼
Q2-2025 $2.397B ▲ $4.231B ▲ $-1.81B ▼ $-615M ▲ $1.806B ▲ $3.736B ▲
Q1-2025 $1.641B ▲ $3.379B ▲ $-533M ▼ $-1.553B ▲ $1.293B ▲ $2.861B ▲
Q4-2024 $1.124B ▼ $911M ▼ $-418M ▲ $-2.003B ▼ $-1.51B ▼ $363M ▼
Q3-2024 $1.691B $1.299B $-520M $-1.868B $-1.089B $728M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Building Products
Building Products
 $6.73Bn ▲$5.92Bn ▼$6.56Bn ▲$7.08Bn ▲
Hardlines
Hardlines
 $5.33Bn ▲$4.59Bn ▼$6.40Bn ▲$7.82Bn ▲
Home Decor
Home Decor
 $7.54Bn ▲$7.46Bn ▼$7.55Bn ▲$8.36Bn ▲
Other Sales
Other Sales
 $570.00M ▲$580.00M ▲$420.00M ▼$700.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Lowe’s looks like a mature, highly profitable retailer whose sales have cooled a bit after the pandemic boom but whose earnings have held up fairly well. Revenue has drifted down from its peak, reflecting a softer housing and DIY backdrop, yet margins remain healthy thanks to tight cost control and pricing discipline. Profit levels are solid for a big-box retailer, and earnings per share have grown over time, helped by efficiency gains and a smaller share count, even as the top line eased. The main watchpoint is that growth is now more about execution and mix than sheer volume expansion.

Balance Sheet

Balance Sheet The balance sheet shows a classic large-retailer profile: steady assets, modest cash on hand, and a heavy reliance on debt financing. Equity has turned negative, which is largely the result of sizable share repurchases rather than operating losses, but it still means the company is running with a leveraged capital structure. This works as long as cash generation stays strong and credit markets remain supportive, but it reduces financial flexibility in a severe downturn or in a prolonged period of higher interest rates.

Cash Flow

Cash Flow Cash generation is a key strength. Operating cash flow has been consistently strong across different market conditions, and the company spends a relatively stable, manageable amount on capital investments each year. That leaves a healthy cushion of free cash flow after basic investment needs, supporting ongoing store upgrades, technology spending, and capital-return programs. The pattern suggests a resilient cash engine, though it still depends on continued traffic and ticket size in a cyclical housing environment.

Competitive Edge

Competitive Edge Lowe’s is one of only two true national home-improvement giants in the U.S., which gives it powerful scale, strong brand recognition, and deep supplier relationships. Its omnichannel model—stores tightly integrated with digital—creates convenience that pure online rivals struggle to match. The big strategic push is to gain more share with professional contractors, an area where Home Depot has historically led. Lowe’s private-label brands, service offerings, and Pro-focused programs are key tools, but competition in price, service, and in-stock reliability will remain fierce, especially in a slower housing cycle.

Innovation and R&D

Innovation and R&D While Lowe’s is not a traditional R&D-heavy company, it is clearly investing in technology and process innovation to sharpen its edge. Efforts like the Total Home Strategy, improved website and app, digital marketplace, and MyLowe’s Rewards aim to deepen customer relationships. The ‘digital twin’ of the home, AI tools for associates and customers, and a modernized delivery network are all about making shopping smoother and operations leaner, particularly for Pro customers. The upside is a more loyal, higher-spending customer base; the risk is that these tech and logistics bets must be executed well and fast enough to keep pace with Home Depot and evolving consumer expectations.

Summary

Overall, Lowe’s looks like a mature, cash-rich home-improvement leader navigating a post-pandemic normalization. Sales have come off their highs, but profitability and cash flow remain strong, backed by scale, brand strength, and disciplined operations. The company is leaning into technology, omnichannel capabilities, and the Pro segment to drive its next phase of growth, while operating with a more leveraged balance sheet that rewards shareholders but leaves less room for error. The long-term story hinges on how effectively Lowe’s converts its innovation efforts and Pro focus into durable market share and earnings in a cyclical, highly competitive industry.

NEWS

November 25, 2025 · 4:30 PM UTC

LOWE'S TO PARTICIPATE IN MORGAN STANLEY GLOBAL CONSUMER & RETAIL CONFERENCE

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November 24, 2025 · 9:00 AM UTC

Aqara's First Wi-Fi Lock Now Available at Lowe's

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November 19, 2025 · 6:00 AM UTC

LOWE'S REPORTS THIRD QUARTER 2025 SALES AND EARNINGS RESULTS

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November 14, 2025 · 4:30 PM UTC

LOWE'S COMPANIES, INC. DECLARES CASH DIVIDEND

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November 12, 2025 · 6:00 AM UTC

Lowe's Companies, Inc. to Host Third Quarter 2025 Earnings Conference Call on Nov. 19

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