Lowe's Companies (LOW) financial statements

Consumer Cyclical · Home Improvement Retail · Market cap $103.2B

Lowe's Companies reported revenue of $86.3B in fiscal 2026, up 3.2% a year over 9 years.

Net income was $6.7B and the operating margin 11.8%, against 9.0% in 2017.

Free cash flow was $7.7B, and the company returned $2.6B in dividends and $211M in net buybacks.

The diluted share count fell 36% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

02550751002017201820192020202120222023202420252026RevenueFree cash flow
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Income statement

Fiscal years, from Lowe's Companies's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Revenue$65.0B$68.6B$71.3B$72.1B$89.6B$96.2B$97.1B$86.4B$83.7B$86.3B
Cost of revenue$43.3B$46.2B$48.4B$49.2B$60.0B$64.2B$64.8B$57.5B$55.8B$57.4B
Gross profit$21.7B$22.4B$22.9B$22.9B$29.6B$32.1B$32.3B$28.8B$27.9B$28.9B
Selling, general and admin$14.4B$14.4B$17.4B$15.4B$18.5B$18.3B$20.3B$15.6B$15.7B$16.8B
Operating income$5.8B$6.6B$4.0B$6.3B$9.6B$12.1B$10.2B$11.6B$10.5B$10.2B
Pre-tax income$5.2B$5.5B$3.4B$5.6B$7.7B$11.2B$9.0B$10.2B$9.2B$8.7B
Income tax$2.1B$2.0B$1.1B$1.3B$1.9B$2.8B$2.6B$2.4B$2.2B$2.1B
Net income$3.1B$3.4B$2.3B$4.3B$5.8B$8.4B$6.4B$7.7B$7.0B$6.7B
EPS (diluted)$3.47$4.09$2.84$5.49$7.75$12.04$10.17$13.20$12.23$11.85
Diluted shares881M840M812M778M750M699M631M584M568M560M
Gross margin33.3%32.7%32.1%31.8%33.0%33.3%33.2%33.4%33.3%33.5%
Operating margin9.0%9.6%5.6%8.8%10.8%12.6%10.5%13.4%12.5%11.8%
Net margin4.8%5.0%3.2%5.9%6.5%8.8%6.6%8.9%8.3%7.7%

Balance sheet

Fiscal years, from Lowe's Companies's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Cash and short-term investments$658M$690M$729M$876M$5.2B$1.4B$1.7B$1.2B$2.1B$1.4B
Receivables————————$94M$1.1B
Inventory$10.5B$11.4B$12.6B$13.2B$16.2B$17.6B$18.5B$16.9B$17.4B$17.3B
Total current assets$12.0B$12.8B$14.2B$15.3B$22.3B$20.1B$21.4B$19.1B$20.4B$21.0B
Property, plant and equipment$19.9B$19.7B$18.4B$18.8B$19.2B$19.1B$17.6B$17.7B$17.6B$18.4B
Goodwill$1.1B$1.3B$303M$303M$311M$311M$311M$311M$311M$3.9B
Total assets$34.4B$35.3B$34.5B$39.5B$46.7B$44.6B$43.7B$41.8B$43.1B$54.1B
Total current liabilities$12.0B$12.1B$14.5B$15.2B$18.7B$19.7B$19.5B$15.6B$18.8B$19.5B
Long-term debt$14.4B$15.6B$14.4B$16.8B$20.7B$23.9B$32.9B$35.4B$32.9B$37.5B
Total liabilities$28.0B$29.4B$30.9B$37.5B$45.3B$49.5B$58.0B$56.8B$57.3B$64.1B
Shareholders' equity$6.4B$5.9B$3.6B$2.0B$1.4B-$4.8B-$14.3B-$15.1B-$14.2B-$9.9B
Net debt$13.8B$15.0B$13.9B$16.1B$16.0B$22.7B$31.5B$34.5B$31.1B$36.5B

Cash flow

Fiscal years, from Lowe's Companies's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Operating cash flow$5.6B$5.1B$6.2B$4.3B$11.0B$10.1B$8.6B$8.1B$9.6B$9.9B
Capital spending$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$90M$99M$74M$98M$155M$230M$223M$210M$221M$247M
Dividends paid$1.1B$1.3B$1.5B$1.6B$1.7B$2.0B$2.4B$2.5B$2.6B$2.6B
Share buybacks (net)-$3.6B-$3.2B-$3.0B-$4.3B-$5.0B-$13.0B-$14.1B-$6.1B-$4.1B-$211M
Net borrowing$2.1B$744M-$741M$3.1B$1.4B$2.9B$9.3B$1.9B-$545M$4.4B
Free cash flow margin6.8%5.7%7.0%3.9%10.3%8.6%7.0%7.2%9.2%8.9%
Dividends per share$1.27$1.53$1.79$2.08$2.27$2.84$3.76$4.33$4.52$4.71
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Questions

What was Lowe's Companies's revenue in 2026?

$86.3B in fiscal 2026, from its 10-K filing.

How much free cash flow does Lowe's Companies generate?

$7.7B in fiscal 2026 (operating cash flow minus capital spending).

From Lowe's Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.