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Major US home improvement retailer selling building materials, tools and home products to DIY and professional customers.
Major US home improvement retailer selling building materials, tools and home products to DIY and professional customers.
Sells goods to do-it-yourself customers, who make up more of its mix than at Home Depot, and professionals. It added pro-oriented distribution businesses in 2025 to build its contractor sales.
Moat: narrow (scale, distribution, brand). National store network and supply-chain scale versus smaller regional home-improvement retailers.
Headquarters: Mooresville, North Carolina, US · Founded: 1946 · Employees: 276,000
Size Lowe's (LOW) is a United States Consumer Discretionary company (Home Improvement Chains) with a market value of $126B, the 98th largest of 3,117 United States companies the cockpit tracks. Shares closed at $224.55 on 6 Nov 2026.
Performance Over six months the shares fell 2.0%, against +13.7% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 16 in its peer set.
Growth Revenue grew 8.2% over the last twelve months (peer median +3.9%); the operating margin is 11.3% (peer median 6.0%).
Valuation It trades at 18.0× forward earnings against a peer median of 13.7× (5th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 17.9 points above its cost of capital (8.0% WACC).
Credit Lowe's has 41 bonds outstanding ($35.3B), rated BBB+ by the agencies and trading like A- at a weighted spread of 81 bp.
Short interest Short interest is 1.9% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $90.4B | $86.3B | $83.7B | $86.4B | $97.1B |
| Revenue growth | — | +3% | -3% | -11% | — |
| Gross profit | $27.7B | $26.9B | $26.1B | $27.1B | $30.5B |
| EBITDA | $12.7B | $12.3B | $12.1B | $13.5B | $15.2B |
| Net income | $6.62B | $6.64B | $6.94B | $7.71B | $6.42B |
| Free cash flow | $7.00B | $7.65B | $7.70B | $6.18B | $6.76B |
| Capital expenditure | $2.26B | $2.21B | $1.93B | $1.96B | $1.83B |
| Total debt | $42.0B | $44.7B | $39.7B | $40.1B | $38.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lowe's LOW | $126B | -2% | +8% | 11% | 18.0× | 2.7% |
| Home Depot (The) HD | $343B | +9% | +2% | 12% | 22.4× | 9.0% |
| Floor & Decor FND | $5.34B | -1% | +2% | 6% | 27.3× | 17.7% |
| Tractor Supply TSCO | $18.9B | +20% | +4% | 9% | 18.0× | 4.1% |
| Builders FirstSource BLDR | $6.73B | -19% | -8% | 2% | 23.9× | 25.6% |
| Ferguson Enterprises FERG | $45.2B | -3% | +8% | 10% | 19.4× | 9.9% |
| QXO QXO | $12.0B | -38% | +408% | -1% | 29.2× | 52.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LOW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.9% | +7.0% | 3rd highest of 16 |
| 6-month return | -2.0% | +13.7% | 2nd lowest of 16 |
| Distance from 52-week high | -23.0% | -7.4% | 2nd lowest of 16 |
| Revenue growth (TTM) | +8.2% | +3.9% | 2nd highest of 16 |
| Operating margin | 11.3% | 6.0% | 3rd highest of 16 |
| Forward P/E | 18.0× | 13.7× | 5th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 2.7% | 1.6% | 7th most demanding of 15 |
| Growth delivered (Del g) | -0.8% | +3.9% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | +3.4 pp | -0.5 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | +17.9 pp | -0.1 pp | 2nd highest of 16 |
| EV / EBITDA | 13.0× | 8.3× | 4th most expensive of 15 |
| Net debt / EBITDA | 3.0× | 1.8× | 4th most indebted of 16 |
| Bond spread | 81 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lowe's LOW | United States | $126B | -2% | +8% | 11% | 18.0× | 2.7% | -0.8% |
| Wesfarmers WES.AX | Australia | $64.0B | +14% | +3% | 9% | 30.5× | 20.6% | +6.9% |
| Home Depot (The) HD | United States | $343B | +9% | +2% | 12% | 22.4× | 9.0% | +4.5% |
| Kingfisher KGF.L | United Kingdom | $8.17B | +34% | +1% | 5% | 13.9× | 5.7% | +1.0% |
| Floor & Decor FND | United States | $5.34B | -1% | +2% | 6% | 27.3× | 17.7% | +14.1% |
| Clas Ohlson CLAS-B.ST | Sweden | $3.49B | +33% | +10% | 13% | 23.7× | 6.8% | +8.6% |
| HORNBACH Holding AG & Co. KGaA HBH.DE | Germany | $1.66B | +18% | +5% | 4% | 10.2× | -3.6% | +3.4% |
| DCM 3050.T | Japan | $1.40B | +10% | +5% | 6% | 12.5× | -1.7% | +2.9% |
| Komeri 8218.T | Japan | $1.21B | +17% | +3% | 6% | 11.8× | -6.8% | 0.0% |
| Sangetsu 8130.T | Japan | $1.15B | +4% | +4% | 10% | 13.7× | -10.8% | +7.3% |
| Kohnan Shoji 7516.T | Japan | $925M | +15% | +6% | 5% | 10.1× | 0.4% | +3.3% |
| Joyful Honda 3191.T | Japan | $859M | +10% | +5% | 6% | n/a | 1.1% | +0.3% |
| Arclands 9842.T | Japan | $748M | +6% | +8% | 4% | 9.4× | 2.2% | +14.2% |
| Byggmax BMAX.ST | Sweden | $393M | +42% | +2% | 6% | 13.7× | -0.4% | -2.0% |
| Victorian Plumbing VIC.L | United Kingdom | $386M | +15% | +7% | 6% | 16.9× | 11.0% | +8.2% |
| NAFCO 2790.T | Japan | $346M | -12% | -3% | 1% | n/a | n/a | n/a |
Lowe's has 41 bonds outstanding with $35.3B face value. The agencies rate it BBB+; its bonds trade like A-. Weighted yield 5.68%, a spread of 81 bp over government bonds.