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Lowe's (NYSE: LOW) stock fundamentals

NYSE: LOW · Consumer discretionary · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Lowe's (NYSE: LOW) is a US home improvement retailer that acquired Artisan Design Group and Foundation Building Materials in FY2025. Its Form 10-K reports revenue of USD 86.3 billion for FY2025, the year ended 30 Jan 2026. Its Form 10-Q puts Q2 FY2026 revenue at USD 26.0 billion, for the quarter ended 31 Jul 2026.

Data as of Source: Form 10-K for FY2025 and Form 10-Q for Q2 FY2026

Key facts

Data as of

Lowe's (NYSE: LOW) · USD · fiscal year ends late January · figures from SEC filings; derived values are marked.

Revenue (USD bn)
86.3
FY2025 (ended ) · Form 10-K
Revenue, TTM (USD bn)
90.4
TTM to · derived
Revenue by quarter, from USD 20.2 bn in Q3 FY2024 to USD 26.0 bn in Q2 FY2026
Net income attributable to shareholders (USD bn)
6.65
FY2025 (ended ) · Form 10-K
Operating margin
11.8%
FY2025 (ended ) · derived
Free cash flow (USD bn)
7.65
FY2025 (ended ) · derived
Net debt (USD bn)
34.1
at · derived: total debt minus cash and short-term investments
Dividend declared per share (USD)
4.75
FY2025 (ended ) · Form 10-K
Shares outstanding (m)
561
at · Form 10-Q cover page

Fundamentals profile

vs Lowe's's own FY2021–FY2025 range (fewer than 5 covered peers) · TTM to Q2 FY2026 · Data as of

Each row places Lowe's's value against its own FY2021–FY2025 range. It describes; it does not rate. There is no overall score. How we calculate this

Lowe's fundamentals profile compared with its own FY2021–FY2025 range. Each row names its period; values are percentages, multiples or years.
DimensionMetricLowe'sOwn 5-year medianPositionRange
GrowthRevenue, 3-year CAGR to FY2025The two end years differ in length: FY2025 had 52 weeks; FY2022 had 53 weeks (364 vs 371 days).−3.8%Own 5-year median −1.2%Below its 5-year median
Lower (−4.6%) Higher (10.5%)
MarginsOperating margin (TTM to Q2 FY2026)11.4%Own 5-year median 12.5%Near its 5-year median
Lower (10.5%) Higher (13.4%)
LeverageNet debt / EBITDA (TTM to Q2 FY2026; below zero means net cash)2.7×Own 5-year median 2.7×Near its 5-year median
Lower (1.7×) Higher (3.1×)
Cash flowFCF margin (TTM to Q2 FY2026)7.7%Own 5-year median 8.6%Near its 5-year median
Lower (7.0%) Higher (9.2%)
Dividend historyConsecutive years of cash dividends, to FY2025Counted from FY2010; our data has no dividend per share for FY2009, so the run may be longer.At least 16Own 5-year median not availablenot availablenot available

Source: Lowe's Forms 10-Q and 10-K, SEC EDGAR. Derived by StockFactsheet. Data as of

Compared with Lowe's's own FY2021–FY2025 range because fewer than 5 covered peers exist. Descriptive only; not a rating.

How did Lowe's quarterly revenue change after the ADG and FBM acquisitions?

Lowe's revenue was USD 26.0 billion in Q2 FY2026, the quarter ended 31 Jul 2026, up 8.3% from USD 24.0 billion in Q2 FY2025 (our calculation). Revenue fell year on year in each of the 3 quarters from Q3 FY2024 to Q1 FY2025, then grew in each of the next 5 quarters.

Chart 1

Lowe's quarterly revenue, Q3 FY2024 to Q2 FY2026

USD bn · quarters ended to

Revenue by quarter, from USD 20.2 bn in Q3 FY2024 to USD 26.0 bn in Q2 FY2026.010203026.0Q3FY24Q4Q1FY25Q2Q3Q4Q1FY26Q2stockfactsheet.com
Source: Lowe's Forms 10-Q and 10-K, SEC EDGAR Data as of
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Table 1 Lowe's quarterly revenue, margins and profit, Q3 FY2024–Q2 FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late January
USD mQ2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended Q4 FY2024ended Q3 FY2024ended
Revenue25,95623,07820,585 D20,81323,95920,93018,554 D20,170
Revenue YoY %increased 8.3%increased 10.3%increased 10.9%increased 3.2%increased 1.6%decreased 2.0%decreased 0.3%decreased 1.5%
Gross margin %33.0%32.7%32.5%34.2%33.8%33.4%32.9%33.7%
Operating income3,5492,5541,708 D2,4813,4692,4941,830 D2,536
Operating margin %13.7%11.1%8.3%11.9%14.5%11.9%9.9%12.6%
Net income attributable to shareholders2,3991,6281,000 D1,6162,3981,6411,124 D1,695
(opens in new tab)

Source: Lowe's Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Lowe's 10-Q for Q3 FY2025 says it completed the acquisition of Artisan Design Group (ADG) on 2 Jun 2025. It completed the acquisition of Foundation Building Materials (FBM) on 9 Oct 2025, with a cash purchase price for each.[4] The same filing says Lowe's consolidates both on a one-month lag because of differences in reporting calendars.[4]

Year-on-year growth was 3.2% in Q3 FY2025, 10.9% in Q4 FY2025 and 10.3% in Q1 FY2026 (our calculations). Revenue was USD 20.8 billion in Q3 FY2025, USD 20.6 billion in Q4 FY2025 and USD 23.1 billion in Q1 FY2026. Q2 FY2025 revenue of USD 24.0 billion was larger than the quarters on either side of it. Quarterly revenue follows the seasons, so the growth rates compare each quarter with the same quarter a year earlier. The Lowe's financial statements page sets out the quarterly income statement, with each column linked to its filing.

How did Lowe's net debt change after it financed the FBM acquisition?

Lowe's net debt was USD 34.1 billion at 31 Jul 2026, against USD 38.9 billion at 31 Oct 2025 and USD 29.5 billion at 1 Aug 2025. Net debt, our calculation, is total debt less cash and short-term investments. The rise came in Q3 FY2025, the quarter in which the FBM acquisition closed.

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Table 2 Lowe's cash, debt and net debt, Q2 FY2025–Q2 FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at
Cash and short-term investments3,407 D1,244 D1,352 D1,033 D5,256 D
Total debt37,556 D37,941 D39,921 D39,935 D34,723 D
Net debt / (net cash)34,149 D36,697 D38,569 D38,902 D29,467 D
(opens in new tab)

Source: Lowe's Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Lowe's 10-K for FY2025 says the proceeds of the unsecured notes it issued and the term loan it entered into that year were designated to finance, in part, the FBM acquisition.[3] Total debt went from USD 34.7 billion at 1 Aug 2025 to USD 39.9 billion at 31 Oct 2025, and was USD 37.6 billion at 31 Jul 2026.

Cash and short-term investments were USD 5.26 billion at 1 Aug 2025, USD 1.03 billion at 31 Oct 2025 and USD 3.41 billion at 31 Jul 2026. Net debt to EBITDA, our calculation, was 2.7× over the 12 months to 31 Jul 2026. For FY2021 to FY2025 it ranged from 1.7× to 3.1×, with a median of 2.7×.

How did Lowe's share buybacks change from FY2021 to FY2025?

Lowe's spent USD 211 million on share buybacks in FY2025, the year ended 30 Jan 2026, against USD 14.1 billion in FY2022. Its 10-K for FY2025 says Lowe's paused its share repurchase program in that year.[3] Dividends paid rose from USD 1.98 billion in FY2021 to USD 2.64 billion in FY2025.

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Table 3 Lowe's cash flow, dividends paid and buybacks, FY2021–FY2025 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Cash from operations9,8649,6258,1408,58910,113
Capital expenditure−2,213−1,927−1,964−1,829−1,853
Free cash flow7,651 D7,698 D6,176 D6,760 D8,260 D
Dividends paid−2,636−2,566−2,531−2,370−1,984
Share buybacks−211−4,053−6,138−14,124−13,012
(opens in new tab)

Source: Lowe's Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Free cash flow, our calculation, was USD 7.65 billion in FY2025: cash from operations of USD 9.86 billion less capital expenditure of USD 2.21 billion. Buybacks were larger than free cash flow in FY2021 and FY2022, at USD 13.0 billion and USD 14.1 billion. Buybacks were larger than dividends paid in each year from FY2021 to FY2024, and smaller in FY2025.

Lowe's 10-Q for Q2 FY2026 shows purchases under the repurchase program in the first half of FY2026.[1] The buyback figures here are the cash flow statement's line, which can differ from the totals Lowe's reports for its repurchase program. The Home Depot stock fundamentals page sets out the same cash flow lines for the other large US home improvement retailer.

How we got these numbers

Every figure comes from Lowe's's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q3 FY2023 to Q2 FY2026) and 10-K (FY2018 to FY2025)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. EBITDA = operating income + depreciation and amortisation (our calculation). Net debt = total debt − cash and short-term investments. CAGR = compound annual growth over three fiscal years.
Restatements
None in the periods shown.
Comparator
Each profile row compares the current value with Lowe's's own last five fiscal years, FY2021 to FY2025: the median of those five years and their range, from the lowest to the highest. A current value outside that range is drawn just past the end of the strip. Fewer than 5 covered peers exist, so there is no sector median yet.
Currency
As reported (USD); no FX conversion.
Read the full methodology

Latest filings and disclosures

SEC filings behind Lowe's's figures, newest first.

(opens in new tab)
  1. Filing Form 10-Q, quarter ended 31 Jul 2026 sec.gov
  2. Filing Form 10-Q, quarter ended 1 May 2026 sec.gov
  3. Filing Form 10-K, fiscal year ended 30 Jan 2026 sec.gov
  4. Filing Form 10-Q, quarter ended 31 Oct 2025 sec.gov
  5. Filing Form 10-Q, quarter ended 1 Aug 2025 sec.gov
  6. Filing Form 10-Q, quarter ended 2 May 2025 sec.gov
  7. Filing Form 10-K, fiscal year ended 31 Jan 2025 sec.gov
  8. Filing Form 10-Q, quarter ended 1 Nov 2024 sec.gov
All filings on SEC EDGAR

Company identifiers

Data as of
(opens in new tab)
Legal name
Lowe's Companies, Inc.
Exchange
NYSE
Ticker
LOW
Sector
Consumer discretionary
Country
United States
Fiscal year end
late January (FY2025 ended 30 Jan 2026)
Reporting currency
USD
Accounting standard
US GAAP
SEC CIK
0000060667
Latest filing in this page's data
Form 10-Q, quarter ended 31 Jul 2026 · filed

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

(opens in new tab)
  1. [1] Filing Form 10-Q, quarter ended 31 Jul 2026 Lowe's Companies, Inc. · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 1 May 2026 Lowe's Companies, Inc. · · sec.gov
  3. [3] Filing Form 10-K, fiscal year ended 30 Jan 2026 Lowe's Companies, Inc. · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 31 Oct 2025 Lowe's Companies, Inc. · · sec.gov
  5. [5] Filing Form 10-Q, quarter ended 1 Aug 2025 Lowe's Companies, Inc. · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 2 May 2025 Lowe's Companies, Inc. · · sec.gov
  7. [7] Filing Form 10-K, fiscal year ended 31 Jan 2025 Lowe's Companies, Inc. · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 1 Nov 2024 Lowe's Companies, Inc. · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 2 Feb 2024 Lowe's Companies, Inc. · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 3 Feb 2023 Lowe's Companies, Inc. · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 28 Jan 2022 Lowe's Companies, Inc. · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 2 Aug 2024 Lowe's Companies, Inc. · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 3 May 2024 Lowe's Companies, Inc. · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 3 Nov 2023 Lowe's Companies, Inc. · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 29 Jan 2021 Lowe's Companies, Inc. · · sec.gov
  16. [16] Filing Form 10-K, fiscal year ended 31 Jan 2020 Lowe's Companies, Inc. · · sec.gov
  17. [17] Filing Form 10-K, fiscal year ended 1 Feb 2019 Lowe's Companies, Inc. · · sec.gov
  18. [18] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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Cite this page

StockFactsheet (2026). "Lowe's (NYSE: LOW) stock fundamentals." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/low/

Not investment advice

For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

Author and editor

OffScriptBySami

Founder and editor, StockFactsheet

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How this page was made
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  3. Automated checks and review steps passed ()
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Update history

  1. Published First published version.