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Lowe's Companies, Inc.

LOW Consumer Cyclical Home Improvement Retail

Lowe's Companies, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $86.3 billion, up 3.12% from fiscal 2025.

Revenue
+8.34%
EPS
0.00%
Free cash flow
−16.6%
Total debt
+8.16%

Quarter to July 2026, against a year earlier

227.72 1.66 −0.72%
Market cap
$127.5B
P/E
19.2×
Fwd P/E
17.6×
Dividend yield
2.15%
F-score
6/9
Altman Z
3.36
Beneish M
7.25
Dividend safety
83/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Reportable Segment
  • Other, not broken out

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 13.17
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 — 1 — — 3 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 127,490.00
Revenue ttm 90,431.00
Net income ttm 6,643.00
Free cash flow ttm 7,083.00
Net debt Q 34,149.00
Valuation
P/E 19.23
Forward P/E 17.60
Price / sales 1.41
Forward P/S Powerpack
Price / FCF 17.97
Price / book 0.00
Financial health
Current ratio Q 1.10
Debt / equity Q (5.05) (negative: negative equity)
Interest coverage Q 9.49
Growth
Revenue growth Q +8.34% (above 0%: growing)
Operating income growth Q +2.31% (above 0%: growing)
EPS, this year −0.17% (below 0%: weak)
EPS, next year A +5.59%
Revenue, next year A +6.77%
EPS, past 5 yrs +8.86%
EPS, next 5 yrs A +4.72%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.8×, against a ten-year median of 1.6×; over the ten years it ranged from 1.1× in 2017 to 2.2× in 2026.
P/E against its own 10 years 25.74%
10-year low 10-year high
P/S against its own 10 years 61.75%
10-year low 10-year high
EV/Sales against its own 10 years 71.87%
10-year low 10-year high
EV/FCF against its own 10 years 63.70%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.15%
Annual rate
4.90
Payout ratio
41.4%
Growth, 2018–26
+13.5%/yr
  1. 1.78 ’18
  2. 2.06 ’19 +16
  3. 2.25 ’20 +9
  4. 2.80 ’21 +24
  5. 3.70 ’22 +32
  6. 4.30 ’23 +16
  7. 4.50 ’24 +5
  8. 4.70 ’25 +4
  9. 4.90 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,228 2,133 1,352 3,407
Receivables — 94 1,090 1,238
Inventory 16,894 17,409 17,300 17,737
Other 949 722 1,213 960
19,071 20,358 20,955 23,342
2024 2025 2026 Q'26
Payables 8,704 9,290 9,762 11,076
ST’ Debt 537 2,586 2,431 2,352
Other 3,478 3,952 3,795 4,194
15,568 18,757 19,463 21,132

Compound Annual Growth %

10y 5y 3y
Sales 3.86% (0.75%) (3.85%)
Cash Flow 7.50% (2.24%) 4.72%
Earnings 10.11% 2.69% 1.13%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 4.22 Actual 4.40

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 2.97 3.06 Beat by 0.09
Q4 FY25 1.95 1.98 Beat by 0.03
Q1 FY26 2.96 3.03 Beat by 0.07
Q2 FY26 4.22 4.40 Beat by 0.18
Q3 FY26 2.86 — Reports 18 November 2026

EPS $

Apr Jul Oct Jan Year
’26 2.90 4.27 — — —
’26 2.92 4.27 2.88 1.78 11.85
’25 3.06 4.17 2.99 1.99 12.23
’24 3.77 4.56 3.06 1.77 13.20
’23 3.51 4.67 0.25 1.58 10.17
’22 3.21 4.25 2.73 1.78 12.04
’21 1.76 3.74 0.91 1.32 7.75
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 23,078 25,956 — — —
’26 20,930 23,959 20,813 20,584 86,286
’25 21,364 23,586 20,170 18,554 83,674
’24 22,347 24,956 20,471 18,603 86,377
’23 23,659 27,476 23,479 22,445 97,059
’22 24,422 27,570 22,918 21,340 96,250
’21 19,675 27,302 22,309 20,311 89,597
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 3,350 3,659 — — —
’26 3,379 4,231 687 1,567 9,864
’25 4,262 3,153 1,299 911 9,625
’24 2,106 3,862 1,064 1,108 8,140
’23 2,977 3,035 2,126 451 8,589
’22 4,492 2,421 2,266 934 10,113
’21 4,450 7,302 (267) (436) 11,049
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 2,835 3,119 — — —
’26 2,863 3,741 108 1,021 7,733
’25 3,895 2,734 760 414 7,803
’24 1,734 3,486 497 512 6,229
’23 2,644 2,700 1,741 (280) 6,805
’22 4,095 2,050 1,872 356 8,373
’21 4,147 6,941 (715) (1,025) 9,348
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 7.9% a year for ten years. It grew 7.4% a year over the last ten.

Implied
7.9%
10 years, reported
7.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 65,017 68,619 71,309 72,148 89,597 96,250 97,059 86,377 83,674 86,286 90,431 +3.2% 92,131 94,368 97,565 +4.2%
Gross margin, % 33.34 32.69 32.12 31.80 33.01 33.30 33.23 33.39 33.32 33.48 33.08 +0.1 pt
EBT 5,201 5,489 3,394 5,623 7,739 11,208 9,036 10,175 9,153 8,747 8,764 +5.9%
EBT margin, % 8.00 8.00 4.76 7.79 8.64 11.64 9.31 11.78 10.94 10.14 9.69 +2.1 pt
Net income 3,093 3,447 2,314 4,281 5,835 8,442 6,437 7,726 6,957 6,654 6,643 +8.9%
Per share, $
Per share, $ Revenue 73.88 81.79 87.93 92.85 119.78 138.29 154.31 148.41 147.57 154.36 161.77 +8.5%
Earnings 3.48 4.09 2.84 5.49 7.77 12.07 10.20 13.23 12.25 11.87 11.84 +14.6%
Cash flow 6.38 6.04 7.64 5.53 14.77 14.53 13.66 13.99 16.98 17.65 16.57 +12.0%
Capex (1.28) (1.28) (1.35) (1.70) (2.27) (2.50) (2.84) (3.28) (3.21) (3.81) (3.90) +12.9%
Free cash flow 5.10 4.75 6.28 3.83 12.50 12.03 10.82 10.70 13.76 13.83 12.67 +11.7%
Book value 7.31 7.00 4.49 2.54 1.92 (6.92) (22.66) (25.86) (25.10) (17.74) (13.30) n/m
Shares, m 880 839 811 777 748 696 629 582 567 559 559 (4.9%)
Valuation, ×
Valuation, × P/E 21.06 25.54 34.34 21.21 21.08 19.75 20.76 16.15 21.26 22.67 19.23 22.4
P/S 0.99 1.28 1.09 1.25 1.36 1.72 1.35 1.43 1.76 1.74 1.41 1.4
P/B 10.00 14.96 21.40 45.80 85.04 0.00 0.00 0.00 0.00 0.00 0.00 17.7
EV/Sales 1.22 1.52 1.31 1.51 1.55 1.96 1.68 1.84 2.16 2.19 1.79 1.7
EV/FCF 17.68 26.13 18.35 36.55 14.85 22.52 23.98 25.46 23.17 24.44 22.79 23.3
Cash, $m
Cash, $m Operating cash flow 5,617 5,065 6,193 4,296 11,049 10,113 8,589 8,140 9,625 9,864 9,263 +6.5%
Capex (1,130) (1,078) (1,098) (1,321) (1,701) (1,740) (1,784) (1,911) (1,822) (2,131) (2,180) +7.3%
Free cash flow 4,487 3,987 5,095 2,975 9,348 8,373 6,805 6,229 7,803 7,733 7,083 +6.2%
Balance, $m
Balance, $m Working capital 26 676 (269) 136 3,596 392 1,931 3,503 1,601 1,492 2,210 +56.8%
Net debt 15,041 16,305 15,494 18,430 16,584 23,323 32,228 34,693 33,354 38,569 34,149 +11.0%
Shareholders’ equity 6,434 5,873 3,644 1,972 1,437 (4,816) (14,254) (15,050) (14,231) (9,917) (7,437) n/m
Returns, %
Returns, % ROA 9.33 9.86 6.61 11.54 13.48 18.41 14.52 18.03 16.35 13.65 12.93 +4.3 pt
ROIC 17.01 18.56 13.12 19.34 33.46 40.84 35.33 36.77 34.21 22.15 24.08 +5.1 pt
ROE 43.50 55.84 48.48 151.99 340.92 (497.72) (67.29) (52.59) (47.40) (54.96) (70.33) (98.5) pt
People
People Employees 290,000 310,000 300,000 320,000 340,000 340,000 307,000 284,000 270,000 276,000 — (0.5%)
Revenue/emp, $m 0.22 0.22 0.24 0.23 0.26 0.28 0.32 0.30 0.31 0.31 — +3.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Lowe’s is a home-improvement retailer founded in 1921, headquartered in Mooresville, and led by Chairman, President and Chief Executive Officer Marvin R. Ellison. It sells products for construction, maintenance, repair, remodeling and decorating, including appliances, lumber, lawn and garden products, tools, paint, flooring, kitchens and bath products, building materials, electrical products and décor.

The company serves homeowners and renters undertaking do-it-yourself projects or using installation help, as well as professional customers. Its core Pro customer base includes tradespeople, repair and remodel businesses, and property managers. Foundation Building Materials (FBM) and Artisan Design Group (ADG) extend its offering to larger residential and commercial professionals through branches that provide building-material distribution, design and installation services.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Reportable Segment 84,078 97.44%
Other, not broken out 2,208 2.56%
Gross margin 33.48%
Operating margin 11.77%
Pre-tax margin 10.14%

Revenue by segment since 2009

Lowe's Companies, Inc. vs peers in Home Improvement Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HD The Home Depot, Inc. $349.1B 24.4× 22.7× +5.71% (above 0%: growing) +4.36% (above 0%: growing) +21.04% (above 0%: growing) 33.67% 14.29% Compare
LOW Lowe's Companies, Inc. $127.5B 19.2× 17.6× +8.34% (above 0%: growing) 0.00% −16.63% (below 0%: shrinking) 33.04% 13.67%
FND Floor & Decor Holdings, Inc. $5.4B 23.2× 22.5× +2.97% (above 0%: growing) +14.92% (above 0%: growing) +535.69% (above 0%: growing) 43.75% 6.42% Compare
HVT.A Haverty Furniture Companies, Inc. $456.9M 20.6× — −19.73% (below 0%: shrinking) +94.12% (above 0%: growing) +229.94% (above 0%: growing) 60.81% 0.00% Compare
HVT Haverty Furniture Companies, Inc. $405.8M 18.9× 16.5× +4.46% (above 0%: growing) +94.12% (above 0%: growing) −25.30% (below 0%: shrinking) 62.31% 3.72% Compare
TTSH Tile Shop Hldgs, Inc. $158.7M — (loss-making) — (loss-making) −5.74% (below 0%: shrinking) n/m +243.02% (above 0%: growing) 64.01% (1.30%) Compare
LIVE Live Ventures Incorporated $23.0M — (loss-making) 2.7× −3.22% (below 0%: shrinking) n/m −50.97% (below 0%: shrinking) 34.06% 4.85% Compare
Median of peers $431.3M 21.9× 19.5× −0.12% +54.52% +125.49% 52.28% 4.29%

All 7 Home Improvement Retail stocks →

From the latest earnings call

Updated

  • Marvin Ellison said cautious discretionary DIY spending persisted, while Pro, online and home-services activity continued to support the company’s total home strategy.
  • Brandon Sink said Lowe’s updated its full-year outlook to the bottom end of its prior range, reflecting first-half results and current demand and housing trends.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Melius Oct 8, 2026 Initiated Buy —
Guggenheim Sep 30, 2026 Reiterated Buy 275.00
Stifel Sep 30, 2026 Reiterated Hold 220.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 78.08%
Held by the ten largest 43.79%
Holder Shares Stake Change
Vanguard 56.98m 10.16% +523.78k
BlackRock 40.55m 7.23% +852.69k
Fidelity (FMR) 37.27m 6.65% +5.41m
JPMorgan Chase 36.20m 6.46% −908.26k
State Street 25.33m 4.52% +880.82k
Geode Capital Management 14.29m 2.55% +179.14k
Morgan Stanley 10.02m 1.79% −1.07m
Wells Fargo 8.31m 1.48% −440.69k
Bank of America 8.29m 1.48% −199.09k
Norges Bank 8.27m 1.47% +8.27m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 21.58m 24.85m 175.63
2025 20.16m 26.17m 167.67
2024 18.16m 6.16m 138.95
2023 17.47m 13.65m 133.91
2022 17.87m 61.28m 142.82
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Lowe's Companies, Inc. (LOW) Latest News

5 Nov

Impact 3 · · Simply Wall St.

4 Nov

Impact 3 · · Trefis

28 Oct

Impact 3 · · Trefis
Impact 3 · · Barchart
Impact 3 · · Trefis

22 Oct

Impact 4 · · Trefis

20 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Trefis
Impact 3 · · PR Newswire
Impact 3 · · GlobeNewswire
Impact 3 · · Zacks

19 Oct

Impact 3 · · Trefis

16 Oct

Impact 3 · · The Motley Fool

15 Oct

Impact 3 · · Trefis

14 Oct

Impact 3 · · TheStreet
Impact 3 · · Trefis
Impact 3 · · 24/7 Wall St.
Impact 3 · · Insider Monkey
Impact 3 · · 24/7 Wall St.

13 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

12 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

8 Oct

Impact 3 · · TIKR

7 Oct

Impact 3 · · Trefis

6 Oct

Impact 3 · · Zacks
Impact 3 · · Trefis
Impact 3 · · Zacks

LOW metrics, ten years each

stockrow.com/LOW · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com