LOWES COMPANIES INCLOW
LOWES COMPANIES INC Financial Overview 2022–2026
Updated Jul 10, 2026Lowe's deployed $10.1 billion to acquire Foundation Building Materials and Artisan Design Group in FY2026, an aggressive capital move to counter a post-pandemic housing hangover. This expansion into the Pro customer segment forms the core thesis for the stock: the retailer is using targeted M&A to replace fading, lower-margin DIY foot traffic with a more resilient, higher-ticket professional ecosystem.
This transition has fundamentally reshaped the top line. Revenue fell from $96.3 billion in FY2022 to $86.3 billion in FY2026, driven by the strategic divestiture of its Canadian retail business and sustained macroeconomic pressure on discretionary spending. Yet, by shedding these less profitable assets and focusing on its "Total Home" strategy, the company successfully leveraged its professional base to offset a steady drop in retail footfall. In Q1 2026, for example, a 0.9% decline in customer transactions was effectively neutralized by a 1.5% increase in average ticket size.
To fund its Pro-centric acquisitions, the company issued $5.0 billion in unsecured notes and took on a $2.0 billion term loan in FY2026, sharply curtailing its historically aggressive share repurchase program. Even with this added debt load and a slight dip in annual net earnings to $6.7 billion, the market rewarded the operational transformation. At the close of FY2026, the stock traded at 22.5x earnings with a share price of $267.06, commanding a premium over the 21.3x multiple and $260.04 share price it held at the end of FY2025.
Recent Developments (Q4 2026 and Q2 2027)
Lowe's kicked off Q1 2026 with net sales climbing 10.3% year-over-year to $23.1 billion. Growth was anchored by a 0.6% increase in comparable sales. Despite top-line momentum, reported net earnings flatlined at $1.63 billion, compressing diluted EPS slightly to $2.90. Underlying operational strength emerged in adjusted EPS, which reached $3.03 after stripping out $96 million in acquisition-related amortization.
Management aggressively deleveraged the balance sheet by retiring $2.4 billion in bond maturities. Concurrently, shareholders overwhelmingly rejected a proposal to mandate an independent board chairman in June 2026. Bulls will applaud the resilient top-line expansion and value proposition, with the stock trading at a discounted 18.4x earnings multiple at a $217.92 share price as of May 28, 2026. Bears will point to stagnating net profit and the immediate margin drag from ongoing integration expenses.
What to watch: margin trajectory as acquisition amortization persists; recovery in seasonal home improvement demand following early-quarter winter storms.
Rev
$86.29B
FY2026
NI
$6.65B
FY2026
EPS
$11.87
FY2026
OCF
$9.86B
FY2026
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
LOWES COMPANIES INC 8-K Report, Shareholder Vote Results (Jun 2, 2026)
This 8-K filing from Lowe's Companies, Inc. details the outcomes of its annual shareholder meeting held on May 29, 2026. The primary focus for investors is the overwhelmingly positive shareholder support for the election of all director nominees and the ratification of Deloitte & Touche LLP as the company's independent auditor for fiscal year 2026. These results indicate continued confidence in the company's leadership and financial oversight. While the company's executive compensation received advisory approval, it's noteworthy that shareholder proposals concerning an independent board chairman, plastic packaging footprint disclosure, and risks of sharing customer data with third parties did not pass. Investors should monitor how the company addresses these shareholder concerns in future communications and strategic decisions, even though they did not achieve majority support in this vote.
LOWES COMPANIES INC 8-K Report, Financial Results (May 20, 2026)
Lowe's Companies, Inc. (LOW) filed an 8-K on May 20, 2026, to announce its financial results for the first quarter ended May 1, 2026. The filing includes a press release and an infographic detailing these results, which are furnished and not deemed 'filed' for purposes of SEC regulations, meaning they will not automatically be incorporated into future SEC filings unless specifically referenced. Investors should refer to the furnished press release (Exhibit 99.1) for the detailed financial performance and operational updates of the company during the first quarter.
LOWES COMPANIES INC 8-K Report, Financial Results (Feb 25, 2026)
Lowe's Companies, Inc. (LOW) has filed an 8-K report on February 25, 2026, to announce its financial results for the fourth quarter and the full fiscal year ended January 30, 2026. While the report itself does not contain the specific financial figures, it references a press release (Exhibit 99.1) and an infographic (Exhibit 99.2) which contain the detailed outcomes. Investors should refer to these furnished exhibits for critical information regarding the company's performance, including revenue, profitability, and any forward-looking guidance provided. The filing indicates that the company is providing an update on its operational and financial condition as of the end of its fiscal year. The nature of the information disclosed in the press release and infographic will be crucial for investors to assess Lowe's recent performance trends, understand the factors that may have influenced these results, and evaluate the company's strategic positioning heading into the next fiscal period. The specific details of sales, earnings per share, and any changes in strategic initiatives are expected to be within the referenced exhibits.
LOWES COMPANIES INC 8-K Report, Financial Results (Nov 19, 2025)
Lowe's Companies, Inc. (LOW) has filed an 8-K report on November 18, 2025, to announce its financial results for the third quarter ended October 31, 2025. The report primarily references a press release and an accompanying infographic, furnished as exhibits, which contain the detailed financial outcomes for the quarter. Investors should refer to these furnished exhibits for specific performance metrics and financial condition details.
LOWES COMPANIES INC 8-K Report, Acquisition Completed (Oct 9, 2025)
Lowe's Companies, Inc. (LOW) has officially completed its acquisition of Foundation Building Materials, Inc. (FBM) for $8.8 billion in cash. This significant strategic move, finalized on October 9, 2025, was funded in part by an $8.8 billion unsecured term loan facility. The acquisition is expected to bolster Lowe's market position and expand its product offerings within the building materials sector, a key area for home improvement retailers. Investors should monitor the integration of FBM into Lowe's operations and any potential synergies or challenges that arise from this substantial transaction. The company's ability to effectively manage the debt incurred and realize the projected benefits from FBM will be crucial for future financial performance and shareholder value.
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