Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.0B | $68.6B | $71.3B | $72.1B | $89.6B | $96.3B | $97.1B | $86.4B | $83.7B | $86.3B |
| Revenue growth | — | 5.5% | 3.9% | 1.2% | 24.2% | 7.4% | 0.8% | -11.0% | -3.1% | 3.1% |
| Gross profit | $21.7B | $22.4B | $22.9B | $22.9B | $29.6B | $32.1B | $32.3B | $28.8B | $27.9B | $28.9B |
| Gross margin | 33.3% | 32.7% | 32.1% | 31.8% | 33.0% | 33.3% | 33.2% | 33.4% | 33.3% | 33.5% |
| Operating income | $5.85B | $6.59B | $4.02B | $6.31B | $9.65B | $12.1B | $10.2B | $11.6B | $10.5B | $10.2B |
| Operating margin | 9.0% | 9.6% | 5.6% | 8.8% | 10.8% | 12.6% | 10.5% | 13.4% | 12.5% | 11.8% |
| Net income | $3.09B | $3.45B | $2.31B | $4.28B | $5.83B | $8.44B | $6.44B | $7.73B | $6.96B | $6.65B |
| Net margin | 4.8% | 5.0% | 3.2% | 5.9% | 6.5% | 8.8% | 6.6% | 8.9% | 8.3% | 7.7% |
| EPS (diluted) | $3.47 | $4.09 | $2.84 | $5.49 | $7.75 | $12.04 | $10.17 | $13.20 | $12.23 | $11.85 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.62B | $5.07B | $6.19B | $4.30B | $11.0B | $10.1B | $8.59B | $8.14B | $9.63B | $9.86B |
| Capital expenditures | $1.17B | $1.12B | $1.17B | $1.48B | $1.79B | $1.85B | $1.83B | $1.96B | $1.93B | $2.21B |
| Free cash flow | $4.45B | $3.94B | $5.02B | $2.81B | $9.26B | $8.26B | $6.76B | $6.18B | $7.70B | $7.65B |
| Share buybacks | $3.60B | $3.19B | $3.04B | $4.31B | $4.97B | $13.0B | $14.1B | $6.14B | $4.05B | $211M |
| Dividends paid | $1.12B | $1.29B | $1.46B | $1.62B | $1.70B | $1.98B | $2.37B | $2.53B | $2.57B | $2.64B |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $558M | $588M | $511M | $716M | $4.69B | $1.13B | $1.35B | $921M | $1.76B | $982M |
| Total assets | $34.4B | $35.3B | $34.5B | $39.5B | $46.7B | $44.6B | $43.7B | $41.8B | $43.1B | $54.1B |
| Total liabilities | $28.0B | $29.4B | $30.9B | $37.5B | $45.3B | $49.5B | $58.0B | $56.8B | $57.3B | $64.1B |
| Long-term debt | — | — | — | — | — | $24.3B | $33.3B | $35.8B | $35.3B | $39.8B |
| Shareholders' equity | $6.43B | $5.87B | $3.64B | $1.97B | $1.44B | -$4.82B | -$14.3B | -$15.1B | -$14.2B | -$9.92B |
| Retained earnings | $6.24B | $5.42B | $3.45B | $1.73B | $1.12B | -$5.12B | -$14.9B | -$15.6B | -$14.8B | -$10.8B |
| Shares (wtd avg diluted) | 881M | 840M | 812M | 778M | 750M | 699M | 631M | 584M | 568M | 560M |
Every figure is extracted from LOWES COMPANIES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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