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LOWES COMPANIES INCLOW

Sector
Consumer
Industry
Retail-Lumber & Other Building Materials Dealers
Exchange
NYSE

Stock Price $LOW

Latest filings

You are here#8 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q328-K126

LOW filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 126 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’17May ’17
  2. Leadership change8-K · Apr ’20Apr ’20
  3. Leadership change8-K · Jun ’22Jun ’22
  4. Deal closed8-K · Oct ’25Oct ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $86.29B
YoY changeLargest recent move+24.2%in FY21Latest +3.1%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All LOW Financial Metrics58 metrics

Income Statement13

Balance Sheet25

Cash Flow15

Per Share5

02—Overview

LOWES COMPANIES INC Financial Overview 2022–2026

Updated Jul 10, 2026

Lowe's deployed $10.1 billiona 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 billionb 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 billionc 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 billiond. 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 billione 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.

03—Filings

Recent SEC Filings

  1. 8-KLOWES COMPANIES INC 8-K Report, Executive Changes (Sep 2, 2026)Lowe's Companies, Inc. (LOW) announced significant executive leadership changes effective September 1, 2026, as detailed in their recent 8-K filing dated September 2, 2026. These appointments are strategically designed to bolster the execution of the company's "Total Home" strategy and prepare Lowe's for future growth. The changes reflect an ongoing effort to integrate and leverage previously developed capabilities across key business areas, aiming for enhanced synergy and accelerated progress on growth initiatives.
  2. 8-KLOWES COMPANIES INC 8-K Report, Financial Results (Aug 19, 2026)Lowe's reported second-quarter fiscal 2026 results (quarter ended July 31, 2026) with sales up 8.3% to $26.0 billion, driven largely by the Foundation Building Materials (FBM) and Artisan Design Group (ADG) acquisitions. Comparable sales rose only 0.2%, the fifth consecutive quarter of positive comps, as strength in Pro, online (up 15.7%), and Home Services offset continued DIY weakness. GAAP diluted EPS was flat year over year at $4.27, while adjusted diluted EPS rose 1.6% to $4.40. Both figures include an $0.11 benefit from IEEPA tariff refunds. Operating margin fell 81 basis points to 13.7%, with gross margin down 77 basis points, and net interest expense rose 19.5% to $374 million. Adjusted operating margin contracted 62 basis points to 14.0%. Management lowered the top end of its full-year 2026 guidance. Sales are now expected at $92.0 billion (previously $92.0 to $94.0 billion), comparable sales are expected to be flat (previously flat to up 2%), and diluted EPS is now about $11.75 (previously $11.75 to $12.25). Adjusted diluted EPS is now about $12.25 (previously $12.25 to $12.75). The guidance includes Q2 tariff refunds but excludes any further refunds in the second half, so the reported range has limited cushion if the tariff refund benefit does not recur. The company also noted an expected $0.50 per-share after-tax drag from acquisition-related intangible amortization in 2026. Balance sheet activity was significant. Goodwill and intangible assets increased sharply following the acquisitions, and long-term debt rose to $35.2 billion from $30.5 billion a year earlier. Cash fell to $3.2 billion from $4.9 billion. Six-month operating cash flow declined to $7.0 billion from $7.6 billion. The company paid $673 million in dividends during the quarter and raised its quarterly dividend to $1.25 per share from $1.20. Investors will likely focus on whether margin pressure from acquisitions and tariffs can be offset as comparable sales remain near flat.
  3. 8-KLOWES 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.
  4. 8-KLOWES COMPANIES INC 8-K Report, Financial Results (May 20, 2026)Lowe's (LOW) reported first-quarter fiscal 2026 results for the period ended May 1, 2026. Net sales rose about 10% to $23.1 billion from $20.9 billion, and comparable sales grew 0.6%, the company's fourth consecutive quarter of positive comps. GAAP diluted EPS was $2.90, down from $2.92 a year earlier, as higher amortization from the Foundation Building Materials (FBM) and Artisan Design Group (ADG) acquisitions and lower gross margin offset the top-line growth. Excluding $96 million in pre-tax acquisition-related intangible amortization ($0.13 per share after tax), adjusted diluted EPS rose 3.8% to $3.03. Margin pressure is the central issue in the quarter. Gross margin fell 70 basis points to 32.68%, GAAP operating margin fell 85 basis points to 11.07%, and adjusted operating margin of 11.49% was down 43 basis points. Net interest expense rose to $399 million from $337 million, reflecting higher debt after the acquisitions. Balance sheet changes are also notable: goodwill increased to $3.9 billion from $0.3 billion, intangible assets to $5.8 billion from $0.3 billion, and long-term debt to $36.8 billion from $30.5 billion, while cash fell to $786 million. Management affirmed its full-year 2026 outlook, including sales of $92.0 to $94.0 billion, comparable sales of flat to up 2%, GAAP diluted EPS of $11.75 to $12.25, and adjusted diluted EPS of $12.25 to $12.75. The company paid $674 million in dividends during the quarter. Investors will likely focus on whether gross margin pressure and higher interest and amortization costs can be managed while comps remain weak in a challenging housing market.
  5. 8-KLOWES COMPANIES INC 8-K Report, Financial Results (Feb 25, 2026)Lowe's reported fourth-quarter 2025 results with net sales of $20.6 billion, up roughly 11% from $18.6 billion a year earlier, and comparable sales growth of 1.3%. The increase was driven by the Foundation Building Materials (FBM) and Artisan Design Group (ADG) acquisitions and by growth in Pro, online, and home services. GAAP diluted EPS fell 10.6% to $1.78 from $1.99, reflecting $149 million of pre-tax acquisition-related costs and intangible amortization, along with margin compression. Excluding these items, adjusted diluted EPS rose 2.6% to $1.98. GAAP operating margin declined 157 basis points to 8.3%, and adjusted operating margin declined 41 basis points to 9.0%. Gross margin also contracted, and SG&A deleveraged to 21.4% of sales from 20.6%. For fiscal 2025, net sales reached $86.3 billion and diluted EPS was $11.85, down from $12.23. The balance sheet changed materially: long-term debt rose to $37.5 billion from $32.9 billion, goodwill increased to $3.9 billion from $0.3 billion, and intangible assets reached $5.9 billion. Acquisitions consumed $10.1 billion of cash in the year. Shareholders' deficit widened to $(9.9) billion. Management says the housing macro remains pressured and is emphasizing productivity initiatives and the 'Total Home' strategy. The company also paid $125 million in discretionary bonuses to frontline associates. For fiscal 2026, Lowe's guided to total sales of $92.0 to $94.0 billion (about 7% to 9% growth, largely reflecting the acquisitions), flat to up 2% comparable sales, operating margin of 11.2% to 11.4% (adjusted 11.6% to 11.8%), and diluted EPS of $11.75 to $12.25 (adjusted $12.25 to $12.75). Capital expenditures are expected at about $2.5 billion, and net interest expense at about $1.6 billion. The adjusted outlook excludes an estimated $0.50 per share of after-tax acquisition intangible amortization. Investors will be focused on whether acquisition integration and higher interest costs can offset a still-soft housing market.
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04—See also

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