What were the key financial results for Lowe's in fiscal year 2025?

In fiscal year 2025, Lowe's reported net sales of $86.3 billion, a 3.1% increase over fiscal year 2024. Net earnings were $6.7 billion, a 4.4% decrease year-over-year, resulting in diluted earnings per share of $11.85. Operating income was $10.2 billion, a decrease from the prior year.

How did the acquisitions of FBM and ADG impact the company's financial performance?

The acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG) in fiscal year 2025 significantly contributed to the increase in net sales and expanded the company's Pro customer base. However, these acquisitions also led to an increase in SG&A expenses due to transaction costs and intangible asset amortization, which impacted net earnings and diluted earnings per share.

What is Lowe's strategy for future growth?

Lowe's continues to execute its "Total Home" strategy, focusing on five key pillars: driving Pro customer penetration through enhanced offerings and acquisitions, accelerating online sales, expanding home services, creating a loyalty ecosystem, and increasing space productivity. The company is investing in omnichannel capabilities, supply chain modernization, and technology to support these initiatives.

What is Lowe's approach to returning capital to shareholders?

Lowe's demonstrates its commitment to returning capital to shareholders through a consistent dividend payment program and share repurchases. In fiscal year 2025, the company paid $2.6 billion in dividends. While share repurchases were paused during fiscal year 2025, the company had approximately $10.8 billion remaining under its share repurchase authorization.

LOW 10-K FY2026 Annual Report — Revenue, Net Income, EPS

Summary

Lowe's Companies, Inc. reported net sales of $86.3 billion for fiscal year 2025, an increase of 3.1% over fiscal year 2024, driven by acquisitions and a slight increase in comparable average ticket, partially offset by a decrease in customer transactions. Net earnings for fiscal year 2025 were $6.7 billion, a decrease of 4.4% compared to the prior year, resulting in diluted earnings per share of $11.85. The company experienced increased selling, general, and administrative expenses as a percentage of sales, partly due to transaction costs and amortization related to the acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Despite these impacts, Lowe's continued to focus on its "Total Home" strategy, emphasizing Pro customer penetration, e-commerce acceleration, and home services expansion, positioning for long-term value creation.

Financial Highlights

51 data points

Beta

Revenue

$86.29B

0.3% Gross Margin

Net Income

$6.65B

0.1% Net Margin

EPS (Diluted)

$11.85

Total Assets

$54.14B

Cash & Equivalents

$982.00M

Free Cash Flow

$7.65B

Financial Statements

Beta

Revenue	$86.29B
Cost of Revenue	$57.40B
Gross Profit	$28.89B
SG&A Expenses	$16.79B
Operating Income	$10.15B
Net Income	$6.65B
EPS (Basic)	$11.87
EPS (Diluted)	$11.85
Shares Outstanding (Basic)	559.00M
Shares Outstanding (Diluted)	560.00M

Key Highlights

1Net sales grew 3.1% to $86.3 billion in fiscal 2025, supported by acquisitions and a 3.0% increase in comparable average ticket.
2Net earnings decreased by 4.4% to $6.7 billion, with diluted EPS at $11.85.
3Acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG) were completed in fiscal 2025, bolstering the Pro customer offering.
4Selling, General, and Administrative (SG&A) expenses deleveraged 72 basis points as a percentage of sales, largely due to employee compensation and integration costs from acquisitions.
5The company generated $9.9 billion in cash flow from operating activities, with $2.2 billion invested in capital expenditures.
6Lowe's paid $2.6 billion in dividends during fiscal year 2025, demonstrating a commitment to returning cash to shareholders.
7The company maintained effective internal controls over financial reporting, with an unqualified opinion from its independent auditor.

LOWES COMPANIES INC Annual Report, Year Ended Jan 30, 2026

Summary

Financial Highlights

Key Highlights

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