In fiscal 2025, which ended Jan 30, 2026, Lowes Companies Inc reported revenue of $86.3 billion, up 3.1% from the year before. Net income was $6.7 billion, a profit margin of 7.7%. Operating income came to $10.2 billion, an operating margin of 11.8%. Diluted earnings per share were $11.85. Over the twelve months ended Jul 31, 2026, revenue was $90.4 billion and net income was $6.6 billion. Across the 10 fiscal years shown, revenue grew from $65.0 billion in fiscal 2016 to $86.3 billion in fiscal 2025, about 3.2% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jul 31, 2026
|
FY 2025
Jan 30, 2026
|
FY 2024
Jan 31, 2025
|
FY 2023
Feb 2, 2024
|
FY 2022
Feb 3, 2023
|
FY 2021
Jan 28, 2022
|
FY 2020
Jan 29, 2021
|
FY 2019
Jan 31, 2020
|
FY 2018
Feb 1, 2019
|
FY 2017
Feb 2, 2018
|
FY 2016
Feb 3, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
90,432
+8.2%
|
86,286
+3.1%
|
83,674
-3.1%
|
86,377
-11.0%
|
97,059
+0.8%
|
96,250
+7.4%
|
89,597
+24.2%
|
72,148
+1.2%
|
71,309
+3.9%
|
68,619
+5.5%
|
65,017
+10.1%
|
| Cost of revenue |
60,515
+8.8%
|
57,401
+2.9%
|
55,797
-3.0%
|
57,533
-11.2%
|
64,802
+0.9%
|
64,194
+6.9%
|
60,025
+22.0%
|
49,205
+1.7%
|
48,401
+4.8%
|
46,185
+6.6%
|
43,343
+12.6%
|
| Gross profit |
29,917
+6.9%
|
28,885
+3.6%
|
27,877
-3.4%
|
28,844
-10.6%
|
32,257
+0.6%
|
32,056
+8.4%
|
29,572
+28.9%
|
22,943
+0.2%
|
22,908
+2.1%
|
22,434
+3.5%
|
21,674
+5.4%
|
| Selling, general and administrative |
17,448
+9.9%
|
16,791
+7.1%
|
15,682
+0.7%
|
15,570
-23.4%
|
20,332
+11.1%
|
18,301
-1.2%
|
18,526
+20.6%
|
15,367
-11.7%
|
17,413
+20.6%
|
14,444
+0.5%
|
14,375
+1.9%
|
| Operating income |
10,292
-0.4%
|
10,153
-3.0%
|
10,466
-9.4%
|
11,557
+13.8%
|
10,159
-16.0%
|
12,093
+25.4%
|
9,647
+52.8%
|
6,314
+57.1%
|
4,018
-39.0%
|
6,586
+12.7%
|
5,846
|
| Pretax income |
8,763
-3.0%
|
8,747
-4.4%
|
9,153
-10.0%
|
10,175
+12.6%
|
9,036
-19.4%
|
11,208
+44.8%
|
7,739
+37.6%
|
5,623
+65.7%
|
3,394
-38.2%
|
5,489
+5.5%
|
5,201
+17.7%
|
| Income tax |
2,120
-2.7%
|
2,093
-4.7%
|
2,196
-10.3%
|
2,449
-5.8%
|
2,599
-6.0%
|
2,766
+45.3%
|
1,904
+41.9%
|
1,342
+24.3%
|
1,080
-47.1%
|
2,042
-3.1%
|
2,108
+12.5%
|
| Net income |
6,643
-3.1%
|
6,654
-4.4%
|
6,957
-10.0%
|
7,726
+20.0%
|
6,437
-23.8%
|
8,442
+44.7%
|
5,835
+36.3%
|
4,281
+85.0%
|
2,314
-32.9%
|
3,447
+11.5%
|
3,091
+21.4%
|
| Net income to common |
6,625
-3.1%
|
6,636
-4.4%
|
6,940
-9.9%
|
7,706
+20.1%
|
6,416
-23.7%
|
8,409
+44.7%
|
5,811
+36.2%
|
4,268
+85.0%
|
2,307
-32.9%
|
3,436
+12.2%
|
3,062
+20.8%
|
| Basic EPS |
11.85
-2.7%
|
11.87
-3.1%
|
12.25
-7.4%
|
13.23
+29.7%
|
10.20
-15.5%
|
12.07
+55.3%
|
7.77
+41.5%
|
5.49
+93.3%
|
2.84
-30.6%
|
4.09
+17.5%
|
3.48
+27.5%
|
| Diluted EPS |
11.83
-2.7%
|
11.85
-3.1%
|
12.23
-7.3%
|
13.20
+29.8%
|
10.17
-15.5%
|
12.04
+55.4%
|
7.75
+41.2%
|
5.49
+93.3%
|
2.84
-30.6%
|
4.09
+17.9%
|
3.47
+27.1%
|
| Weighted average shares, basic |
559
-0.4%
|
559
-1.4%
|
567
-2.6%
|
582
-7.5%
|
629
-9.6%
|
696
-7.0%
|
748
-3.7%
|
777
-4.2%
|
811
-3.3%
|
839
-4.7%
|
880
-5.1%
|
| Weighted average shares, diluted |
560
-0.4%
|
560
-1.4%
|
568
-2.7%
|
584
-7.4%
|
631
-9.7%
|
699
-6.8%
|
750
-3.6%
|
778
-4.2%
|
812
-3.3%
|
840
-4.7%
|
881
-5.2%
|
| Other measures | |||||||||||
| Depreciation and amortization |
2,464
+21.6%
|
2,194
+11.3%
|
1,972
+2.5%
|
1,923
-2.9%
|
1,981
+5.3%
|
1,882
+18.1%
|
1,594
+13.0%
|
1,410
-12.3%
|
1,607
+4.4%
|
1,540
-3.1%
|
1,590
+6.4%
|
| EBITDA |
12,756
+3.2%
|
12,347
-0.7%
|
12,438
-7.7%
|
13,480
+11.0%
|
12,140
-13.1%
|
13,975
+24.3%
|
11,241
+45.5%
|
7,724
+37.3%
|
5,625
-30.8%
|
8,126
+9.3%
|
7,436
|
| Margins | |||||||||||
| Gross margin |
33.08%
|
33.48%
|
33.32%
|
33.39%
|
33.23%
|
33.30%
|
33.01%
|
31.80%
|
32.12%
|
32.69%
|
33.34%
|
| Operating margin |
11.38%
|
11.77%
|
12.51%
|
13.38%
|
10.47%
|
12.56%
|
10.77%
|
8.75%
|
5.63%
|
9.60%
|
8.99%
|
| Pretax margin |
9.69%
|
10.14%
|
10.94%
|
11.78%
|
9.31%
|
11.64%
|
8.64%
|
7.79%
|
4.76%
|
8.00%
|
8.00%
|
| Profit margin |
7.35%
|
7.71%
|
8.31%
|
8.94%
|
6.63%
|
8.77%
|
6.51%
|
5.93%
|
3.25%
|
5.02%
|
4.75%
|
| EBITDA margin |
14.11%
|
14.31%
|
14.86%
|
15.61%
|
12.51%
|
14.52%
|
12.55%
|
10.71%
|
7.89%
|
11.84%
|
11.44%
|
| Effective tax rate |
24.19%
|
23.93%
|
23.99%
|
24.07%
|
28.76%
|
24.68%
|
24.60%
|
23.87%
|
31.82%
|
37.20%
|
40.53%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Retail-Lumber & Other Building Materials Dealers (SIC 5211)
- Listed as
- LOW (NYSE)
- Fiscal year ends
- January 31
- Incorporated in
- NC
- Headquarters
- Mooresville, NC
- SEC filer status
- Large accelerated filer
- SEC CIK
- 60667
Other Retail-Lumber & Other Building Materials Dealers companies
- Home Depot, Inc. HD
- Builders FirstSource, Inc. BLDR
- Floor & Decor Holdings, Inc. FND
- Jewett Cameron Trading Co Ltd JCTC
All 5 Retail-Lumber & Other Building Materials Dealers companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.