Lowe'sLOW

Lowe'sLOW

Revenue: is the business selling more than it used to?

$86.3B+3% YoYFY 2025

→Revenue reached $86.3B in 2025, compounding -3% a year since 2021 though the path has been bumpy. The trailing twelve months are already running at $90.4B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Net income: how much of that revenue becomes profit?

$6.7B−4% YoYFY 2025

→Net income was $6.7B in 2025, compounding -6% a year over three years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

How fast is it growing, year by year?

+3.1%revenue growth, FY 2025

→Revenue grew +3% in 2025 against a five-year average of +9%. Earnings went the other way (-4%) even as sales grew, so margins compressed: costs rose faster than revenue.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Revenue per share: is your slice growing as fast as the company?

$154.08revenue per share, FY 2025

→Revenue per share reached $154.08 in 2025, compounding +3% a year against -3% for LOW as a whole. Buybacks added roughly 5.5 points to your per-share result. Free cash flow per share stands at $13.66.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Free cash flow: what is left in real cash after everything?

$7.7B−1% YoYFY 2025

→Free cash flow was $7.7B in 2025, compounding -2% a year since 2021. The trailing twelve months stand at $7.0B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Where does each dollar of revenue actually go?

→Of $86.3B in 2025 sales, $6.7B reaches net profit - 8 cents on the dollar. The largest single deduction is producing the product ($57.4B).

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

How much of every sales dollar ends up as free cash?

→9 cents of every sales dollar became free cash in 2025, and it has held steady since 2024.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is capital spending, at 3% of revenue (stock compensation 0%). That share has risen since 2021, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in 3 of the last 5 years, most recently -3% against +3%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin has held near 12% since 2024. After everything, 8 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

What does it earn on the money it uses?

→Return on capital needs both a profit and an equity base; one of them isn't available here.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

What has the market paid for LOW over time?

17.2xP/E today

→At 17.2x earnings, the market is paying 10% less than LOW's own 6-year median of 19.2x. Pessimism is priced in - the question is whether it is deserved.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

What cash return does the business throw off per dollar of market value?

6.1%FCF yield today

→Every dollar of market value currently buys 6.1% of annual free cash flow, right at LOW's 6-year median of 6.3%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Could it handle its debt if things went wrong?

→Debt of $35.6B sits against $3.2B of cash. Earnings cover the interest bill 31 times over, so the debt is comfortably serviced.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Is the company's own capital growing?

→Shareholders' equity is negative at $-7.4B: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

How much goes back, and how much leaks out as stock comp?

→Shareholders received $211M in buybacks and $2.6B in dividends in 2025. Stock compensation issued $247M of new shares in the same year, offsetting 9% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

How fast is your ownership being diluted - or concentrated?

→The share count shrank 1.4% in 2025, averaging 9.0% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Is the dividend cheque growing?

→The dividend per share reached $4.71 in 2025, compounding +16% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Can it afford the dividend?

→The dividend consumed 40% of profit and 34% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Does LOW earn more on its capital than that capital costs?

→LOW earns 29.3% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 48.4% in 2021, so the trend is down, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

LOW has issued or retired shares - did shareholders end up better off?

→LOW has shrunk its share count -62% from 2008 to 2025, so each remaining share owns more of the business. Revenue per share is +369% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

Lowe'sLOW

Are the people running it buying or selling?

→Insiders sold $13M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 28 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31