# Lowe's Companies, Inc. (LOW)

> Source: Nexqual · https://nexqual.com/LOW · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Lowe's Companies, Inc. (LOW), nexqual.com/LOW" · informational, not investment advice.

**Price:** USD 204.37 (+3.97% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 196.56 · day 197–204.52 · 52w 178.45–293.06 · market cap $115B · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $90.4B, net income $6.64B (7.3% margin), free cash flow $7.00B (SEC filings).
- Valuation: P/E 17.3x (avg 20.6x at the last 3 fiscal year-ends), EV/EBITDA 11.6x, net debt $31.8B.
- 3 of 80 tracked superinvestors hold LOW (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 2 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $5.8M; 3 not under a Rule 10b5-1 plan ($5.8M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.20 on a 1–5 scale) (35 analysts), mean target USD 252.73 (range 191–300).
- Total return with dividends: 1Y -14.3% vs S&P 500 +14.9%; 5Y -1.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-18, EPS estimate USD 2.87, revenue estimate $22.3B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $96.3B | $97.1B | $86.4B | $83.7B | $86.3B | $90.4B |
| Gross profit | $32.1B | $32.3B | $28.8B | $27.9B | $28.9B | — |
| Operating income | $12.1B | $10.2B | $11.6B | $10.5B | $10.2B | $10.3B |
| Net income | $8.44B | $6.44B | $7.73B | $6.96B | $6.65B | $6.64B |
| EPS (diluted) | $12.04 | $10.17 | $13.20 | $12.23 | $11.85 | — |
| Free cash flow | $8.26B | $6.76B | $6.18B | $7.70B | $7.65B | $7.00B |
| Gross margin | 33.3% | 33.2% | 33.4% | 33.3% | 33.5% | — |
| Operating margin | 12.6% | 10.5% | 13.4% | 12.5% | 11.8% | 11.4% |
| Net margin | 8.8% | 6.6% | 8.9% | 8.3% | 7.7% | 7.3% |
| Revenue growth | +7.4% | +0.8% | -11.0% | -3.1% | +3.1% | — |
| Cash + short-term investments | $1.40B | $1.73B | $1.23B | $2.13B | $1.35B | — |
| Total debt | $24.3B | $33.8B | $35.8B | $35.3B | $39.8B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 17.3x · P/S 1.3x · EV/EBITDA 11.6x · EV/Sales 1.6x · P/FCF 16.4x · FCF yield 6.10% · Earnings yield 5.79% · Dividend yield (paid, TTM) 2.35% · Buyback yield (TTM) 0.40% · Net debt $31.8B · EV $146B
P/E at fiscal year-ends: Jan 2026 22.5x, Jan 2025 21.2x, Feb 2024 18.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold LOW (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| David Katz | Matrix Asset Advisors | 1.31% | $15.9M | Added +8.2% | Q3 2026 |
| Thomas Gayner | Markel Group | 1.26% | $166M | Added +1.8% | Q2 2026 |
| Mairs & Power | Mairs & Power Funds | 0.01% | $1.5M | Reduced -0.3% | Q2 2026 |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-18 | Vagell Margrethe R | EVP, Supply Chain | 2,500 | $560K | 10.6% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-06-17 | Pryor Juliette Williams | EVP, CLO & Corp. Sec. | 9,330 | $2.1M | 37.6% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-16 | Dupre Janice | EVP, Human Resources | 14,150 | $3.1M | 26.5% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.20 on a 1–5 scale), 35 analysts; mean target USD 252.73 (low 191, high 300).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Evercore ISI Group | Target raised | In-Line | $190 → $200 |
| 2026-10-06 | Evercore ISI Group | Target lowered | In-Line | $220 → $190 |
| 2026-09-21 | Guggenheim | Reiterated | Buy | $275 |
| 2026-09-09 | Evercore ISI Group | Target lowered | In-Line | $230 → $220 |
| 2026-09-09 | Bernstein | Target lowered | Outperform | $261 → $254 |
| 2026-08-21 | Guggenheim | Target lowered | Buy | $300 → $275 |
| 2026-08-20 | Telsey Advisory Group | Target lowered | Outperform | $280 → $260 |
| 2026-08-20 | Citigroup | Target lowered | Buy | $267 → $260 |
| 2026-08-20 | Truist Securities | Target lowered | Buy | $255 → $254 |
| 2026-08-20 | UBS | Target lowered | Buy | $285 → $275 |
| 2026-08-20 | TD Cowen | Reiterated | Hold | $235 |
| 2026-08-20 | DA Davidson | Maintained | Neutral | $245 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -14.3% | -1.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.4% | -0.3% |
| Volatility (annualized) | 28.1% | 26.4% |
| Max drawdown | -36.9% (Feb 2026→Oct 2026) | -36.4% (Feb 2026→Sep 2026) |

## Peers (Home Improvement Retail)
HD (Home Depot, Inc. (The)) USD 327.73 +4.33% · FND (Floor & Decor Holdings, Inc.) USD 48.17 +6.78% · HVT-A (Haverty Furniture Companies, In) USD 29 +0.07% · PDD (PDD Holdings Inc.) USD 79.17 +0.57% · SBUX (Starbucks Corporation) USD 101.91 +2.86% · MAR (Marriott International) USD 396.8 -1.78%

## More
Full page: https://nexqual.com/LOW · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name LOW in their own reports (relationship from LOW's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | FGI Industries Ltd. (FGIWW) | 10-K 2026-04-10 | "Some of our largest customers include The Home Depot, Menards, Ferguson and Lowe's." |
| competitor | BERKSHIRE HATHAWAY INC (BRK-B) | 10-K 2026-03-02 | "Competitors include other premium paint and decorating stores, mass merchandisers, home centers, independent hardware stores, hardware chains and manufacturer-operated direct outlets, such as Sherwin-…" |
| competitor | NEIGHBORHOOD INTELLIGENCE, INC. (NXH) | 10-K 2026-02-24 | "Penney Company, Kohl's, Lands' End, Lowe's, Macy's, Nordstrom, Pottery Barn, Arhaus, RH, Ross Stores, Saks Fifth Avenue, Sears, T.J." |
| supplier | ARMSTRONG WORLD INDUSTRIES INC (AWI) | 10-K 2026-02-24 | "In September 2025, GMS, Inc., one of our largest distributor customers, was acquired by The Home Depot, Inc. In addition, in October 2025, Foundation Building Materials, Inc., another one of our large…" |
| supplier | Fortune Brands Innovations, Inc. (FBIN) | 10-K 2026-02-23 | "Approximately 16% of 2025 net sales were to international markets, and sales to two of the Company's customers, Lowe's Companies, Inc. ("Lowe's") and The Home Depot, Inc. ("The Home Depot"), each acco…" |
| supplier | JELD-WEN Holding, Inc. (JELD) | 10-K 2026-02-23 | "Our home center customers include, among others, The Home Depot and Lowe's Companies in North America, and B&Q, Howdens, and Bauhaus in Europe." |
| competitor | Wayfair Inc. (W) | 10-K 2026-02-19 | "•Big Box Retailers: Home Depot, IKEA, Lowe's, Costco, Target and Walmart;" |
| supplier | Hillman Solutions Corp. (HLMN) | 10-K 2026-02-17 | "For the year ended December 27, 2025, Home Depot was the single largest customer, representing approximately $349.9 million or 22.5% of our total revenues and Lowe's was the second largest customer at…" |
| supplier | MasterBrand, Inc. (MBC) | 10-K 2026-02-13 | "Net sales to two of the Company's customers, Lowe's and Home Depot, each accounted for greater than 10 percent of the Company's net sales in 2025, 2024 and 2023." |
| supplier | WHIRLPOOL CORP /DE/ (WHR) | 10-K 2026-02-11 | "Sales to Lowe's represented approximately 15%, 13%, and 13% of our consolidated net sales in 2025, 2024 and 2023, respectively." |
| supplier | MASCO CORP /DE/ (MAS) | 10-K 2026-02-10 | "In 2025, our net sales to The Home Depot were $2.9 billion (approximately 38 percent of our consolidated net sales), and our net sales to Ferguson and Lowe's were each less than 10 percent of our cons…" |
| supplier | SMITH A O CORP (AOS) | 10-K 2026-02-10 | "In the retail channel, our customers include four of the six largest national hardware and home center chains, including a long-standing exclusive relationship with Lowe's where we sell A." |
| partner | Synchrony Financial (SYF) | 10-K 2026-02-06 | "Our business benefits from longstanding and collaborative relationships with our partners, including some of the nation's leading retailers and manufacturers with well-known consumer brands, such as L…" |
| competitor | Leslie's, Inc. (LESL) | 10-K 2025-12-18 | "National home improvement and retailers, such as Home Depot, Lowe's, and local and regional hardware stores, typically compete with us mainly on a seasonal basis during the spring and summer months, b…" |
| supplier | CENTRAL GARDEN & PET CO (CENT) | 10-K 2025-11-26 | "In fiscal 2025 and 2024, sales to The Home Depot accounted for approximately 37% and 38%, Walmart represented approximately 29% and 27%, and Lowe's represented approximately 14% and 15% of our Garden …" |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Products | $24.73B | 95.3% | +7.7% |
| Hardlines | $7.95B | 30.6% | -0.7% |
| Home Decor | $7.82B | 30.1% | +0.4% |
| Building Products | $7.55B | 29.1% | +1.1% |
| Services | $783.0M | 3.0% | +19.5% |
| Other | $692.0M | 2.7% | +23.4% |
| Product and Service, Other | $439.0M | 1.7% | +32.6% |
| Total revenue | $25.96B | 100% | — |
The lines above cover 192.5% of total revenue.

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $25.88B | 99.7% | +8.0% |
| CANADA | $73.0M | 0.3% | — |
| Total revenue | $25.96B | 100% | — |

## Company outlook (8-K filed 2026-08-19)

- "Outlook — MOORESVILLE, N.C., August 19, 2026 – Lowe's Companies, Inc."
- "Lowe's Business Outlook The company is updating its outlook for fiscal year 202"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $2.87 | $3.14 | -8.8% | $22.34B | 28 |
| Next quarter (ends 2027-01-31) | $1.98 | $2.08 | -4.9% | $20.64B | 28 |
| Current fiscal year (ends 2027-01-31) | $12.31 | $12.50 | -1.5% | $92.14B | 32 |
| Next fiscal year (ends 2028-01-31) | $13.00 | $13.48 | -3.5% | $94.39B | 32 |