LOWES COMPANIES INC

Listed Company

LOWCIK 0000060667NYSELarge AcceleratedRetail-Lumber & Other Building Materials DealersNorth CarolinaFY ends Jan 31

Period

FY 2026

Revenue

$86.29B

Net Income

$6.65B

Total Assets

$54.14B

Equity

$-9.92B

Shares Out

560.06M

Op. Cash Flow

$9.86B

Business

Lowe’s Companies Inc is a home improvement retailer that helps customers address home projects through an integrated omnichannel platform. It sells products for construction, maintenance, repair, remodeling and decorating—including appliances, lumber, tools, flooring, plumbing, electrical, paint and seasonal goods—and offers installation services and extended protection plans. Its operating focus includes Pro customer solutions, retail store operations, e-commerce and mobile commerce, installation and fulfillment, and supply‑chain management. It serves professional and do‑it‑yourself customers across the United States via stores, online channels, on‑site specialists and contact centers.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	86,286	83,674	86,377	97,059	96,250
Cost of sales	57,401	55,797	57,533	64,802	64,194
Gross margin	28,885	27,877	28,844	32,257	32,056
Selling, general and administrative	16,791	15,682	15,570	20,332	18,301
Depreciation and amortization	1,941	1,729	1,717	1,766	1,662
Operating income	10,153	10,466	11,557	10,159	12,093
Interest net	1,406	1,313	1,382	1,123	—
Pre-tax earnings	8,747	9,153	10,175	9,036	11,208
Income tax provision	2,093	2,196	2,449	2,599	2,766
Net earnings	6,654	6,957	7,726	6,437	8,442
Basic earnings per common share (in dollars per share)	11.87	12.25	13.23	10.2	12.07
Diluted earnings per common share (in dollars per share)	11.85	12.23	13.2	10.17	12.04
Net sales	1	1	1	1	1
Cost of sales	0.67	0.67	0.67	0.67	0.67
Gross margin	0.33	0.33	0.33	0.33	0.33
Selling, general and administrative	0.19	0.19	0.18	0.21	0.19
Depreciation and amortization	0.02	0.02	0.02	0.02	0.02
Operating income	0.12	0.13	0.13	0.1	0.13
Interest net	0.02	0.02	0.02	—	—
Pre-tax earnings	0.1	0.11	0.12	0.09	0.12
Income tax provision	0.02	0.03	0.03	0.03	0.03
Net earnings	0.08	0.08	0.09	0.07	0.09

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	982	1,761	921	1,348	1,133
Short-term investments	370	372	307	384	271
Receivables - net	1,090	94	—	—	—
Merchandise inventory - net	17,300	17,409	16,894	18,532	17,605
Other current assets	1,213	722	949	1,178	1,051
Total current assets	20,955	20,358	19,071	21,442	20,060
Property, less accumulated depreciation	18,362	17,649	17,653	17,567	—
Operating lease right-of-use assets	4,303	3,738	3,733	3,518	4,108
Long-term investments	319	277	252	121	—
Deferred income taxes - net	0	244	248	250	164
Goodwill	3,945	311	311	—	—
Intangible assets - net	5,908	277	—	—	—
Other assets	352	248	838	810	1,038
Total assets	54,144	43,102	41,795	43,708	44,640
Current maturities of long-term debt	2,431	2,586	537	585	868
Current operating lease liabilities	713	563	487	522	636
Accounts payable	9,762	9,290	8,704	10,524	11,354
Accrued compensation and employee benefits	1,285	1,008	954	1,109	1,561
Deferred revenue	1,477	1,358	1,408	1,603	1,914
Other current liabilities	3,795	3,952	3,478	3,488	3,207
Total current liabilities	19,463	18,757	15,568	19,511	19,668
Long-term debt, excluding current maturities	37,490	32,901	35,384	32,876	23,859
Noncurrent operating lease liabilities	4,043	3,628	3,737	3,512	4,021
Deferred income taxes - net	1,039	0	—	—	—
Deferred revenue - Lowes protection plans	1,262	1,268	1,225	1,201	1,127
Other liabilities	764	779	931	862	781
Total liabilities	64,061	57,333	56,845	57,962	49,456
Commitments and contingencies	—	—	—	—	—
Preferred stock $5 par value: Authorized 5.0 million shares; Issued and outstanding none	0	0	0	0	0
Common stock $0.50 par value: Authorized 5.6 billion shares; Issued and outstanding 561 million and 560 million, respectively	281	280	287	301	335
Capital in excess of par value	370	0	—	—	0
Accumulated deficit	−10,839	−14,799	−15,637	−14,862	−5,115
Accumulated other comprehensive income	271	288	300	307	−36
Total shareholders deficit	−9,917	−14,231	−15,050	−14,254	−4,816
Total liabilities and shareholders deficit	54,144	43,102	41,795	43,708	44,640

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	2,194	1,972	1,923	1,981	1,882
Noncash lease expense	572	520	499	530	517
Deferred income taxes	256	9	6	−239	135
Asset impairment and loss on property - net	53	5	83	2,118	34
Gain on sale of business	0	−177	−79	421	0
Share-based payment expense	247	221	210	223	230
Merchandise inventory net	703	−514	1,637	−2,594	−1,413
Other operating assets	−243	93	182	56	−23
Accounts payable	73	633	−1,820	−549	466
Other operating liabilities	−645	−94	−2,227	205	−570
Net cash provided by operating activities	9,864	9,625	8,140	8,589	10,113
Purchases of investments	−1,693	−1,286	−1,785	−1,189	−3,065
Proceeds from sale/maturity of investments	1,658	1,204	1,722	1,174	3,293
Capital expenditures	−2,213	−1,927	−1,964	−1,829	−1,853
Proceeds from sale of property and other long-term assets	82	105	53	45	113
Acquisition of businesses - net	−10,088	0	0	—	—
Proceeds from sale of business	0	177	100	491	0
Other net	−10	−11	−27	−1	−134
Net cash used in investing activities	−12,264	−1,738	−1,901	−1,309	−1,646
Net change in commercial paper	0	0	−499	499	0
Net proceeds from issuance of debt	6,974	0	2,983	9,667	4,972
Repayment of debt	−2,587	−545	−601	−867	−2,118
Proceeds from issuance of common stock under share-based payment plans	149	159	141	151	132
Cash dividend payments	−2,636	−2,566	−2,531	−2,370	−1,984
Repurchases of common stock	−211	−4,053	−6,138	−14,124	−13,012
Other net	−68	−42	−21	−5	−6
Net cash provided by/(used in) financing activities	1,621	−7,047	−6,666	−7,049	−12,016
Net (decrease)/increase in cash and cash equivalents	−779	840	−427	215	−3,557

Filings

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