Lowe's Companies (LOW) FY2024 results: revenue $83.7 billion, down 3.1% on the year
Lowe's Companies Inc. (LOW) reported revenue of $83.7 billion for fiscal 2024, the year ended 31 January 2025, down 3.1% on the year before. Net income was $7.0 billion, down 10.0%, and diluted earnings per share $12.23. The figures are the company's own, from the 10-K it filed with the SEC on 24 March 2025.
Revenue
$83.7 billion
-3.1% on the year
FY2017FY2024
Operating margin
12.5%
13.4% a year earlier
FY2017FY2024
Net income
$7.0 billion
-10.0% on the year
FY2017FY2024
Diluted EPS
$12.23
-7.3% 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
9,625
8,140
8,589
+18.2%
Capital expenditure
1,927
1,964
1,829
-1.9%
Free cash flow
7,698
6,176
6,760
+24.6%
Free cash flow margin
9.2%
7.2%
7.0%
Cash from investing
-1,738
-1,901
-1,309
Cash from financing
-7,047
-6,666
-7,049
Depreciation and amortisation
1,972
1,923
1,981
+2.5%
Share-based compensation
221
210
223
+5.2%
Buybacks
4,053
6,138
14,124
-34.0%
Dividends paid
2,566
2,531
2,370
+1.4%
Dividend per share
$4.55
$4.35
$3.95
+4.6%
Diluted shares, weighted
568m
584m
631m
-2.7%
Shares outstanding at period end
560m
574m
601m
-2.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-14,231
-15,050
-14,254
Short-term borrowings
n/a
0.0
n/a
Debt
35,319
35,770
33,960
-1.3%
Operating lease liabilities
3,628
3,737
3,512
-2.9%
Finance lease liabilities
388
422
477
-8.1%
Other liabilities
17,998
16,916
20,013
+6.4%
Total liabilities and equity
43,102
41,795
43,708
+3.1%
Fixed assets
n/a
17,653
17,567
Goodwill
311
311
311
0.0%
Intangible assets
277
n/a
169
Investments
649
559
505
+16.1%
Cash and equivalents
1,761
921
1,348
+91.2%
Receivables
94.0
n/a
n/a
Inventory
17,409
16,894
18,532
+3.0%
Other assets
22,601
5,457
5,276
+314.2%
Total assets
43,102
41,795
43,708
+3.1%
10-K for the year ended 31 January 2025, filed 24 March 2025: the filing.