LOW Financials Lowe's

14 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has declined 0.8% per year over the past 5 years.
Net income has grown faster than revenue (2.7% vs -0.8% per year).
Operating margin has been roughly flat, at 11.8% in the latest year.
Free cash flow has declined 3.7% per year over the past 5 years.

Financial health

Total debt ($39.8B) exceeds cash ($982M); net debt is $38.8B.
Total debt has grown faster than revenue (13.2% vs -0.8% per year).
Total debt is 3.2× EBITDA.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 39.6% of earnings and 34.5% of free cash flow.
The dividend has grown 9.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2026	$86.3B	$6.7B	33.5%	11.8%	$7.7B	$39.8B	$982M
2025	$83.7B	$7.0B	33.3%	12.5%	$7.7B	$35.3B	$1.8B
2024	$86.4B	$7.7B	33.4%	13.4%	$6.2B	$35.8B	$921M
2023	$97.1B	$6.4B	33.2%	10.5%	$6.8B	$33.8B	$1.3B
2022	$96.3B	$8.4B	33.3%	12.6%	$8.3B	$24.3B	$1.1B
2021	$89.6B	$5.8B	33.0%	10.8%	$9.3B	—	$4.7B
2020	$72.1B	$4.3B	31.8%	8.8%	$2.8B	—	$716M
2019	$71.3B	$2.3B	32.1%	5.6%	$5.0B	—	$511M
2018	$68.6B	$3.4B	32.7%	9.6%	$3.9B	—	$588M
2017	$65.0B	$3.1B	33.3%	9.0%	$4.5B	—	$558M
2016	—	$2.5B	—	—	$3.6B	—	$405M
2015	—	$2.7B	—	—	—	—	$466M
2014	—	$2.3B	—	—	—	—	$391M
2013	—	$2.0B	—	—	$2.6B	—	$541M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
May '26	$23.1B	$1.6B	32.7%	11.1%	$2.8B	—	$786M
Jan '26	$20.6B	$1.0B	32.5%	8.3%	$964M	$39.8B	$982M
Oct '25	$20.8B	$1.6B	34.2%	11.9%	$90M	—	$621M
Aug '25	$24.0B	$2.4B	33.8%	14.5%	$3.7B	—	$4.9B
May '25	$20.9B	$1.6B	33.4%	11.9%	$2.9B	—	$3.1B
Jan '25	$18.6B	$1.1B	32.9%	9.9%	$363M	$35.3B	$1.8B
Nov '24	$20.2B	$1.7B	33.7%	12.6%	$728M	—	$3.3B
Aug '24	$23.6B	$2.4B	33.5%	14.6%	$2.7B	—	$4.4B
May '24	$21.4B	$1.8B	33.2%	12.4%	$3.9B	—	$3.2B
Feb '24	$18.6B	$1.0B	32.4%	9.1%	$488M	$35.8B	$921M
Nov '23	$20.5B	$1.8B	33.7%	13.2%	$485M	—	$1.2B
Aug '23	$25.0B	$2.7B	33.7%	15.6%	$3.5B	—	$3.5B
May '23	$22.3B	$2.3B	33.7%	14.7%	$1.7B	—	$3.0B
Feb '23	$22.4B	$958M	32.3%	7.6%	-$288M	$33.8B	$1.3B
Oct '22	$23.5B	$154M	33.3%	3.9%	$1.7B	—	$3.2B
Jul '22	$27.5B	$3.0B	33.2%	15.4%	$2.7B	—	$1.5B
Apr '22	$23.7B	$2.3B	34.0%	14.0%	$2.6B	—	$3.4B
Jan '22	$21.3B	$1.2B	32.9%	8.7%	$337M	$24.3B	$1.1B
Oct '21	$22.9B	$1.9B	33.1%	12.2%	$1.9B	—	$6.1B
Jul '21	$27.6B	$3.0B	33.8%	15.3%	$2.0B	—	$4.8B

Valuation over time

How the market has priced LOW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 17.4× (Mar '23) to 18.7× (Jun '26).
The price-to-sales ratio has risen from 1.2× (Mar '23) to 1.4× (Jun '26).
The dividend yield has risen from 2.1% (Mar '23) to 2.1% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is LOW growing its revenue and profit?

Over the past 5 years, Lowe's's revenue has declined 0.8% per year, and net income grown 2.7% per year. These are computed facts, not advice.

How much debt does LOW have?

As of FY2026, Lowe's reported $39.8B of total debt against $982M of cash.

What is LOW's profit margin?

In FY2026, gross margin was 33.5%, operating margin 11.8%, and net margin 7.7%.

What is LOW's P/E ratio?

As of Jun '26, Lowe's traded at a price-to-earnings ratio of about 18.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.