Loews (L) FY2024 results: revenue $17.5 billion, up 10.1% on the year
Loews Corp. (L) reported revenue of $17.5 billion for fiscal 2024, the year ended 31 December 2024, up 10.1% on the year before. Net income was $1.4 billion, down 1.4%, and diluted earnings per share $6.41. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2025.
Revenue
$17.5 billion
+10.1% on the year
FY2017FY2024
Operating margin
10.7%
12.6% a year earlier
FY2017FY2024
Net income
$1.4 billion
-1.4% on the year
FY2017FY2024
Diluted EPS
$6.41
+1.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,025
3,907
3,314
-22.6%
Capital expenditure
632
686
660
-7.9%
Free cash flow
2,393
3,221
2,654
-25.7%
Free cash flow margin
13.7%
20.3%
18.9%
Cash from investing
-1,975
-2,745
-2,347
Cash from financing
-898
-1,300
-1,037
Depreciation and amortisation
580
534
509
+8.6%
Share-based compensation
39.0
36.0
34.0
+8.3%
Buybacks
608
849
729
-28.4%
Dividends paid
55.0
57.0
61.0
-3.5%
Dividend per share
$0.25
$0.25
$0.25
0.0%
Diluted shares, weighted
221m
228m
243m
-3.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
17,066
15,704
14,349
+8.7%
Non-controlling interest
871
821
852
+6.1%
Debt
8,939
7,919
8,165
+12.9%
Other liabilities
55,067
54,753
52,128
+0.6%
Total liabilities and equity
81,943
79,197
75,494
+3.5%
Fixed assets
10,738
10,718
10,027
+0.2%
Goodwill
347
347
346
0.0%
Investments
4,606
4,396
4,854
+4.8%
Cash and equivalents
541
399
532
+35.6%
Other assets
65,711
63,337
59,735
+3.7%
Total assets
81,943
79,197
75,494
+3.5%
10-K for the year ended 31 December 2024, filed 11 February 2025: the filing.