Lowe's Companies, Inc.
Financial Performance
Lowe's Revenue & Financials
Revenue
$86.3B (FY2025)
Market Cap
$109B
Net Income
$6.7B
Employees
276,000
What is Lowe's's revenue?
Lowe's had $86.3B in revenue for fiscal year 2025, up 3.1% from 2024. Net income was $6.7B.
- Latest revenue
- $86.3B (FY2025)
- Year-over-year
- +3.1%
- Growth rate (CAGR)
- 3.2% over 9 years
- Peak revenue
- $97.1B (FY2022)
- Years of data
- 10
- Employees
- 276,000
Financial Analysis
Lowe's sales peaked at $97.1B in FY2022 during the pandemic remodeling boom, then fell to $86.4B in FY2023 and $83.7B in FY2024 as housing turnover slowed and the Canadian business was sold. FY2025 returned to growth at $86.3B with $6.65B in net income. Acquisitions drove FY2026: Q1 sales rose 10.3% to $23.1B and Q2 rose 8.3% to $26.0B, while comparable sales grew only 0.6% and 0.2%. In August 2026 management trimmed its FY2026 outlook to about $92.0B in sales, flat comps, an 11.2% operating margin and diluted EPS of about $11.75, with capital spending of up to $2.5B. Lowe's Companies, Inc. is a colossal American home improvement retail chain, sustaining a massive market valuation typically exceeding $130 billion.
Revenue Trend Analysis
YoY Change
+3.1%
9-Year CAGR
+3.2%
Peak Year
2022
Trend
Consistent Growth
Lowe's Companies, Inc. has 10 full fiscal year figures on this page, compounding at +3.2% annually over 9 years. The most recent year saw a 3.1% increase versus the prior year. Annual revenue peaked in fiscal year 2022 at $97.1B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
Lowe's Companies, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Jan 30, 2026 | $9.9B | $2.2B | $54.1B | $64.1B | -$9.9B | $7.7B | Form 10-K |
| FY2024ended Jan 31, 2025 | $9.6B | $1.9B | $43.1B | $57.3B | -$14.2B | $7.7B | Form 10-K |
| FY2023ended Feb 2, 2024 | $8.1B | $2B | $41.8B | $56.8B | -$15.1B | $6.2B | Form 10-K |
| FY2022ended Feb 3, 2023 | $8.6B | $1.8B | $43.7B | $58B | -$14.3B | $6.8B | Form 10-K |
| FY2021ended Jan 28, 2022 | $10.1B | $1.9B | $44.6B | $49.5B | -$4.8B | $8.3B | Form 10-K |
| FY2020ended Jan 29, 2021 | $11B | $1.8B | $46.7B | $45.3B | $1.4B | $9.3B | Form 10-K |
| FY2019ended Jan 31, 2020 | $4.3B | $1.5B | $39.5B | $37.5B | $2B | $2.8B | Form 10-K |
| FY2018ended Feb 1, 2019 | $6.2B | $1.2B | $34.5B | $30.9B | $3.6B | $5B | Form 10-K |
| FY2017ended Feb 2, 2018 | $5.1B | $1.1B | $35.3B | $29.4B | $5.9B | $3.9B | Form 10-K |
| FY2016ended Feb 3, 2017 | $5.6B | $1.2B | $34.4B | $28B | $6.4B | $4.5B | Form 10-K |
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Lowe's Revenue and Financial FAQ
What is Lowe's annual total sales revenue and net income?
Lowe's reported FY2025 net sales of $86.286 billion (up 3.1%) and net income of $6.654 billion. For FY2026 it guides to about $92.0 billion in sales and diluted EPS of about $11.75.
What is Lowe's dividend history and S&P 500 Dividend King status?
Lowe's is an esteemed member of the S&P 500 Dividend Kings, having paid a cash dividend every quarter since going public in 1961 and increasing its annual dividend payout for over 50 consecutive years, distributing billions annually to shareholders.
What are Lowe's gross margin and operating margin targets?
For FY2026 Lowe's expects an operating margin of about 11.2% (11.6% adjusted), net interest expense of about $1.6 billion and an effective tax rate of about 24.5%.
What is Lowe's capital return and share repurchase track record?
Lowe's historically returned cash through dividends and large buybacks. After funding the $8.8 billion FBM deal, its Q2 2026 release cited $673 million in dividends paid for the quarter as the main capital return.
How did the divestiture of Lowe's Canadian retail business impact financials?
In early 2023, Lowe's completed the sale of its Canadian retail business (including RONA, Lowe's Canada, and Reno-Depot) to private equity firm Sycamore Partners for $400 million in cash plus performance notes, allowing management to focus entirely on higher-margin US home improvement operations.
How does housing market turnover and interest rates affect Lowe's financials?
Lowe's revenue correlates with US housing macro factors: existing home sales, mortgage interest rates, and home price appreciation. Lower turnover can moderate big-ticket kitchen/bath remodels, but an aging housing stock drives essential maintenance and repair spending.
What are Lowe's annual capital expenditure investments?
Lowe's plans capital expenditures of up to $2.5 billion in FY2026, focused on stores, supply chain, technology and growth initiatives.
How did Lowe's perform in Q2 2026?
For the quarter ended July 31, 2026, sales rose 8.3% to $26.0 billion, comparable sales rose 0.2%, net earnings were $2.4 billion and diluted EPS was $4.27 ($4.40 adjusted, including an $0.11 tariff-refund benefit).
Is Lowe's financially successful?
Yes, they are a massive Fortune 50 financial juggernaut. During the COVID-19 pandemic, Lowe's experienced a staggering, historic financial boom. Because millions of Americans were trapped in their houses and unable to travel, they aggressively poured their massive disposable income into home renovations, decks, and appliances, temporarily inflating Lowe's profit margins to record highs.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Lowe's Revenue & Financials." CorpDigest, https://corpdigest.com/company/lowes/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Lowe's reported $86.3B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/lowes/financials" target="_blank" rel="noopener">CorpDigest — Lowe's financials</a></div>Related Financial Audits
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