LOW
Lowe's Companies, Inc.
LOW's fundamentals are mixed: revenue grew 8.2%, while its operating margin held steady at 11%. At 19x earnings, it's trading in line with its usual 20x. Analysts expect earnings growth.
LOW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
LOW's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
LOW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $206 | -9.6% |
| Forward | 18x | $227 | — |
| Current | 19x | $227 | — |
| Fair | 20x | $238 | +4.6% |
| Expensive | 23x | $268 | +18% |
Historical ranges are pointers, not guarantees.
LOW's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.
LOW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Moderate | |
| High |
Analysts expect LOW's earnings to grow, with its revenue and profitability holding steady.
LOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.71 | +7.5% |
| Q3 2026 | $11.83 | -3% |
| Q2 2026 | $11.83 | -2.2% |
| Q1 2026 | $11.85 | -3.1% |
| Q4 2025 | $12.08 | +0.4% |
| Q3 2025 | $12.19 | +0.7% |
| Q2 2025 | $12.09 | -3.2% |
| Q1 2025 | $12.23 | -7.3% |
| Q4 2024 | $12.03 | -8.4% |
LOW earned $11.83 per share over the past year, down 3% from the year before.
LOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26B | +8.3% |
| Q2 2026 | $23.1B | +10% |
| Q1 2026 | $20.6B | +11% |
| Q4 2025 | $20.8B | +3.2% |
| Q3 2025 | $24B | +1.6% |
| Q2 2025 | $20.9B | -2% |
| Q1 2025 | $18.6B | -0.3% |
| Q4 2024 | $20.2B | -1.5% |
LOW's revenue has grown year over year for five quarters in a row: $26B last quarter, up 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.8 points |
| Q2 2026 | 11% | -0.8 points |
| Q1 2026 | 8.3% | -1.6 points |
| Q4 2025 | 12% | -0.7 points |
| Q3 2025 | 14% | -0.1 points |
| Q2 2025 | 12% | -0.5 points |
| Q1 2025 | 9.9% | +0.8 points |
| Q4 2024 | 13% | -0.6 points |
LOW's operating margin was 14% last quarter, down 0.8 points from the same quarter a year ago.
LOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -17% |
| Q2 2026 | $2.8B | -1.1% |
| Q1 2026 | $964M | +166% |
| Q4 2025 | $90M | -88% |
| Q3 2025 | $3.7B | +37% |
| Q2 2025 | $2.9B | -26% |
| Q1 2025 | $363M | -26% |
| Q4 2024 | $728M | +50% |
LOW still generates free cash flow, though less than at its 2020 peak: $7B over the past year.
LOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | -4.3% | -25M shares |
| 5 years | -21% | -147M shares |
| Available history | -27% | -210M shares |
LOW has 560M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3M |
| Q2 2026 | $363M |
| Q1 2026 | — |
| Q4 2025 | $98M |
| Q3 2025 | $1M |
| Q2 2025 | $112M |
| Q1 2025 | $1.4B |
| Q4 2024 | $751M |
LOW spent $464M buying back its own shares over the past year, down 79% from the year before.
LOW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 2.6x | Moderate |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.7x | Moderate |
LOW's net debt is about 2.7 years of its operating earnings (EBITDA), up from 2.4 years a year ago.
LOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.4 | Neutral |
| Stochastic | 77.7 | Neutral |
LOW's weekly RSI is 58 (neutral) and its Stochastic is 78 (neutral).
LOW PE vs Consumer Cyclical Sector
| Metric | LOW | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 6.7% above |
| PE % | 38 | 47 | 9 pts below |
LOW is trading at 19x earnings, in line with the Consumer Cyclical sector's median of 18x.
LOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $201.7 | 13% above |
| 20 week MA | $206.8 | 10% above |
| 50 week MA | $229.3 | 0.8% below |
| 100 week MA | $233.9 | 2.8% below |
| 200 week MA | $230.0 | 1.1% below |
LOW has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 1.1% below its 200-week average.
LOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $120.2 | $162.8 | +35% |
| 2021 | $162.8 | $250.1 | +54% |
| 2022 | $250.1 | $201.9 | -19% |
| 2023 | $201.9 | $222.6 | +10% |
| 2024 | $222.6 | $248.3 | +12% |
| 2025 | $248.3 | $244.5 | -1.6% |
| 2026 YTD | $244.5 | $227.5 | -7% |
LOW has finished higher in four of the last six years. It's down 7% so far in 2026.