LOW LOWES COMPANIES INC

Overview and Growth

Fiscal 2025 results for LOWES COMPANIES INC combined $86.29B of revenue with net income of $6.65B and an operating cash inflow of $9.86B. At $86.29B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 3.1% above fiscal 2024 revenue of $83.67B, marking a year-over-year increase. The company reported diluted EPS of $11.85, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 3.1% decrease from fiscal 2024 diluted EPS of $12.23. The revenue-to-assets relationship was 1.59x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $28.89B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 33.5% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $10.15B, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 11.8%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $6.65B for the fiscal year. Measured against reported revenue, net income produced a 7.7% margin after operating costs and the remaining recognized items. The earnings statement records $8.75B of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 10.1%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $2.09B, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 23.9%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

At period end, the $54.14B asset base was financed through $64.06B of liabilities and -$9.92B of equity. The company reported negative equity of -$9.92B, a capital deficit that reduces its ability to absorb losses through book equity. At period end, current assets of $20.95B compared with current liabilities of $19.46B, defining the company’s short-term resource position. Current assets covered current liabilities by 1.08x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $982.00M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 5.0% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $39.82B, establishing the amount of borrowing carried within the company’s capital structure. Debt represented 73.5% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 118.3%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 1.8%, comparing reported cash and equivalents with the full positive asset balance. Compared with $43.10B in fiscal 2024, the current asset base moved 25.6% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $9.86B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 1.48x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $2.21B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 22.4% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $7.65B, leaving a positive amount after capital expenditures. The free-cash-flow margin was 8.9%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 14.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Jan 30, 2026. Analysis generated Sep 24, 2026.