LOWES COMPANIES INC
LOW· NYSE· Retail-Lumber & Other Building Materials Dealers
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 8.9%
- ROIC, 5 yr avg
- 40.8%
- Revenue, 5 yr CAGR
- -0.8%
We record prices for the companies we cover; LOW is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 560.0M
- Revenue
- $86.3B
- Free cash flow
- $7.7B
- Owner earnings
- $7.4B
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- 33.5%
- Operating
- 11.8%
- Net
- 7.7%
- Free cash flow
- 8.9%
- Owner earnings
- 8.6%
- Stock pay
- 0.3%
Returns
- ROIC, FY2026
- 27.1%
- ROIC, 5 yr avg
- 40.8%
- ROE, FY2026
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- -3.8%
- Revenue, 5 yr
- -0.8%
- Revenue, 9 yr
- 3.2%
- Diluted EPS, 3 yr
- 5.2%
- Diluted EPS, 5 yr
- 8.9%
- Diluted EPS, 9 yr
- 14.6%
- Free cash flow, 3 yr
- 4.2%
- Free cash flow, 5 yr
- -3.7%
- Free cash flow, 9 yr
- 6.2%
Financial health · FY2026
- Cash and investments
- $1.4B
- Total debt
- $39.8B
- Net debt
- $38.5B
- Debt/Equity
- –
- Debt/FCF
- 5.2x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- 39.6%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -5.7%
Financials: ten years from the 10-Ks
Revenue
$86.3B
+3.2% a year over 9 years
FY2017FY2026
Margins
Gross33.5%Operating11.8%Net7.7%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$7.7BOwner earnings$7.4B
Free cash flow +6.2% a year
FY2017FY2026
Diluted shares
560.0M
-36.4% over 9 years, net buybacks
FY2017FY2026
Return on invested capital
27.1%
FY2026
FY2017FY2026
Net debt (below zero)
-$38.5B
$38.5B more debt than cash
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $65.0B | $68.6B | $71.3B | $72.1B | $89.6B | $96.3B | $97.1B | $86.4B | $83.7B | $86.3B |
| Revenue growth | 10.1% | 5.5% | 3.9% | 1.2% | 24.2% | 7.4% | 0.8% | -11.0% | -3.1% | 3.1% |
| Gross margin | 33.3% | 32.7% | 32.1% | 31.8% | 33.0% | 33.3% | 33.2% | 33.4% | 33.3% | 33.5% |
| Operating margin | 9.0% | 9.6% | 5.6% | 8.8% | 10.8% | 12.6% | 10.5% | 13.4% | 12.5% | 11.8% |
| Net income | $3.1B | $3.4B | $2.3B | $4.3B | $5.8B | $8.4B | $6.4B | $7.7B | $7.0B | $6.7B |
| Net margin | 4.8% | 5.0% | 3.2% | 5.9% | 6.5% | 8.8% | 6.6% | 8.9% | 8.3% | 7.7% |
| Diluted EPS | $3.47 | $4.09 | $2.84 | $5.49 | $7.75 | $12.04 | $10.17 | $13.20 | $12.23 | $11.85 |
| Return on invested capital? | – | – | – | – | – | 50.4% | 39.6% | 45.0% | 42.0% | 27.1% |
| Cash | ||||||||||
| Operating cash flow | $5.6B | $5.1B | $6.2B | $4.3B | $11.0B | $10.1B | $8.6B | $8.1B | $9.6B | $9.9B |
| Capital expenditure | $1.2B | $1.1B | $1.2B | $1.5B | $1.8B | $1.9B | $1.8B | $2.0B | $1.9B | $2.2B |
| Free cash flow | $4.5B | $3.9B | $5.0B | $2.8B | $9.3B | $8.3B | $6.8B | $6.2B | $7.7B | $7.7B |
| Stock-based compensation | $90.0M | $99.0M | $74.0M | $98.0M | $155.0M | $230.0M | $223.0M | $210.0M | $221.0M | $247.0M |
| Owner earnings? | $4.4B | $3.8B | $4.9B | $2.7B | $9.1B | $8.0B | $6.5B | $6.0B | $7.5B | $7.4B |
| Free cash flow per share | $5.05 | $4.69 | $6.18 | $3.61 | $12.34 | $11.82 | $10.71 | $10.58 | $13.55 | $13.66 |
| Capital allocation | ||||||||||
| Dividends paid | $1.1B | $1.3B | $1.5B | $1.6B | $1.7B | $2.0B | $2.4B | $2.5B | $2.6B | $2.6B |
| Share repurchases | $3.6B | $3.2B | $3.0B | $4.3B | $5.0B | $13.0B | $14.1B | $6.1B | $4.1B | $211.0M |
| Diluted shares | 881.0M | 840.0M | 812.0M | 778.0M | 750.0M | 699.0M | 631.0M | 584.0M | 568.0M | 560.0M |
| Share count change? | -5.2% | -4.7% | -3.3% | -4.2% | -3.6% | -6.8% | -9.7% | -7.4% | -2.7% | -1.4% |
| Balance sheet | ||||||||||
| Cash and equivalents | $558.0M | $588.0M | $511.0M | $716.0M | $4.7B | $1.1B | $1.3B | $921.0M | $1.8B | $982.0M |
| Short-term investments | $100.0M | $102.0M | $218.0M | $160.0M | $506.0M | $271.0M | $384.0M | $307.0M | $372.0M | $370.0M |
| Total debt | – | – | – | – | – | $24.3B | $34.3B | $35.8B | $35.3B | $39.8B |
| Net debt | – | – | – | – | – | $22.9B | $32.5B | $34.5B | $33.2B | $38.5B |
| Shareholders' equity | $6.4B | $5.9B | $3.6B | $2.0B | $1.4B | -$4.8B | -$14.3B | -$15.1B | -$14.2B | -$9.9B |
Latest filings
| 2026-08-27 | 10-Q | Quarterly report |
| 2026-08-19 | 8-K | Earnings release |
| 2026-05-28 | 10-Q | Quarterly report |
| 2026-05-20 | 8-K | Earnings release |
| 2026-04-16 | DEF 14A | Proxy statement |
| 2026-03-23 | 10-K | Annual report |
| 2026-02-25 | 8-K | Earnings release |
| 2025-11-26 | 10-Q | Quarterly report |
| 2025-11-19 | 8-K | Earnings release |
| 2025-08-28 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
