Lowe's Companies Inc
LOW—
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Lowe's Companies Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -10.4B with 44.7B total debt - aggressive financial engineering via buybacks has created structural leverage risk[Common Stockholders Equity]
- Operating margin 11.9% TTM vs industry median 3.8% - 3x advantage despite -1.4% 5Y revenue decline[Operating Margin]
- FCF collapsed to 90M TTM after 8.7B acquisition spend - cash generation temporarily impaired[Free Cash Flow]
Watch Triggers
- Interest Expense: Exceeds 500M TTM (>30% of operating income) — Signals debt burden becoming unsustainable given negative equity position
- Free Cash Flow: Remains below 1B for 2 consecutive quarters — Would indicate acquisition integration issues or structural FCF impairment
- Operating Margin: Falls below 10% — Margin compression would accelerate leverage concerns
Bull Case
Operating margin 11.9% is 3x industry median with gross margin 34.2% near industry mean - scale advantage defensible even in flat revenue environment
Operating MarginGross Margin
Negative working capital model (AP 10.2B vs AR 1.2B) funds operations with supplier capital - structural cash advantage
Accounts PayableAccounts Receivable
Bear Case
Net debt 39.3B on negative equity - interest expense 393M TTM consumes 24% of operating income; refinancing risk if rates stay elevated
Net DebtInterest ExpenseTotal Equity
5Y revenue CAGR -1.4% with 17.2B inventory (83% of current assets) - housing cycle exposure with limited growth runway
Total Revenue 5yr GrowthInventory
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
FCF should normalize to 2B+ as acquisition integration completes and working capital stabilizes
1-3ymed
- Operating cash flow 687M despite -1.6B working capital drag
- Capex only 597M (2.9% of revenue) - minimal maintenance burden
- 8.7B acquisition now fully deployed
Cash Flow TTM 687M vs FCF 90M gap from WC timingCapital Expenditure -597M TTMNet Business Purchase -8.7B TTM
Valuation Context
Caveats
LOW Fundamentals
Retail Trade → Building Material and Garden Equipment and Supplies Dealers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$121.75B | — | ||
$165.82B | — | ||
18 | — | ||
$84.25B | — | ||
$12.08 | — | ||
0% | — | ||
0% | — | ||
$7.05B | -9.9% | — | |
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
LOW Dividend History
106 dividends
2026
$2.400004/22/26$1.2000
01/21/26$1.2000
2025
$4.700010/22/25$1.2000
07/23/25$1.2000
04/23/25$1.1500
01/22/25$1.1500
2024
$4.500010/23/24$1.1500
07/24/24$1.1500
04/23/24$1.1000
01/23/24$1.1000
2023
$4.300010/24/23$1.1000
07/25/23$1.1000
04/25/23$1.0500
01/24/23$1.0500
2022
$3.700010/18/22$1.0500
07/19/22$1.0500
04/19/22$0.8000
01/18/22$0.8000
2021
$2.800010/19/21$0.8000
07/20/21$0.8000
04/20/21$0.6000
01/19/21$0.6000
2020
$2.250010/20/20$0.6000
07/21/20$0.5500
04/21/20$0.5500
01/21/20$0.5500
2019
$2.060010/22/19$0.5500
07/23/19$0.5500
04/23/19$0.4800
01/22/19$0.4800
2018
$1.780010/23/18$0.4800
07/24/18$0.4800
04/24/18$0.4100
01/23/18$0.4100
2017
$1.520010/24/17$0.4100
07/24/17$0.4100
04/24/17$0.3500
01/23/17$0.3500
2016
$1.260010/17/16$0.3500
07/18/16$0.3500
04/18/16$0.2800
01/15/16$0.2800
2015
$1.020010/19/15$0.2800
07/20/15$0.2800
04/20/15$0.2300
01/16/15$0.2300
2014
$0.820010/20/14$0.2300
07/21/14$0.2300
04/21/14$0.1800
01/17/14$0.1800
2013
$0.680010/21/13$0.1800
07/22/13$0.1800
04/22/13$0.1600
01/18/13$0.1600
2012
$0.600010/22/12$0.1600
07/23/12$0.1600
04/23/12$0.1400
01/23/12$0.1400
2011
$0.500010/17/11$0.1400
07/18/11$0.1400
04/18/11$0.1100
01/14/11$0.1100
2010
$0.400010/18/10$0.1100
07/19/10$0.1100
04/19/10$0.0900
01/15/10$0.0900
2009
$0.350010/14/09$0.0900
07/15/09$0.0900
04/15/09$0.0850
01/14/09$0.0850
2008
$0.330010/15/08$0.0850
07/16/08$0.0850
04/16/08$0.0800
01/16/08$0.0800
2007
$0.260010/17/07$0.0800
07/18/07$0.0800
04/18/07$0.0500
01/17/07$0.0500
2006
$0.160010/18/06$0.0500
07/19/06$0.0500
04/19/06$0.0300
01/18/06$0.0300
2005
$0.100010/12/05$0.0300
07/13/05$0.0300
04/13/05$0.0200
01/12/05$0.0200
2004
$0.070010/13/04$0.0200
07/14/04$0.0200
04/14/04$0.0150
01/14/04$0.0150
2003
$0.052510/15/03$0.0150
07/16/03$0.0125
04/15/03$0.0125
01/15/03$0.0125
2002
$0.040010/16/02$0.0100
07/17/02$0.0100
04/17/02$0.0100
01/16/02$0.0100
2001
$0.037510/17/01$0.0100
07/18/01$0.0100
04/18/01$0.0088
01/17/01$0.0088
2000
$0.035010/11/00$0.0088
07/12/00$0.0088
04/12/00$0.0088
01/12/00$0.0088
LOW Stock Splits
2 stock splits
07/03/060.5:1 split
07/02/010.5:1 split
LOW SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/26/25 | 10/31/25 | 10-Q | |
08/28/25 | 08/01/25 | 10-Q | |
05/29/25 | 05/02/25 | 10-Q | |
03/24/25 | 01/31/25 | 10-K | |
11/27/24 | 11/01/24 | 10-Q | |
08/29/24 | 08/02/24 | 10-Q | |
05/30/24 | 05/03/24 | 10-Q | |
03/25/24 | 02/02/24 | 10-K | |
11/29/23 | 11/03/23 | 10-Q | |
08/30/23 | 08/04/23 | 10-Q | |
06/01/23 | 05/05/23 | 10-Q | |
03/27/23 | 02/03/23 | 10-K | |
11/23/22 | 10/28/22 | 10-Q | |
08/25/22 | 07/29/22 | 10-Q | |
05/26/22 | 04/29/22 | 10-Q | |
03/21/22 | 01/28/22 | 10-K | |
11/24/21 | 10/29/21 | 10-Q | |
08/26/21 | 07/30/21 | 10-Q | |
05/27/21 | 04/30/21 | 10-Q | |
03/22/21 | 01/29/21 | 10-K | |
11/25/20 | 10/30/20 | 10-Q | |
08/26/20 | 07/31/20 | 10-Q | |
05/28/20 | 05/01/20 | 10-Q | |
03/23/20 | 01/31/20 | 10-K | |
12/04/19 | 11/01/19 | 10-Q | |
09/03/19 | 08/02/19 | 10-Q | |
06/03/19 | 05/03/19 | 10-Q | |
04/02/19 | 02/01/19 | 10-K | |
12/06/18 | 11/02/18 | 10-Q | |
09/04/18 | 08/03/18 | 10-Q | |
06/05/18 | 05/04/18 | 10-Q | |
04/02/18 | 02/02/18 | 10-K | |
12/05/17 | 11/03/17 | 10-Q | |
09/05/17 | 08/04/17 | 10-Q | |
06/06/17 | 05/05/17 | 10-Q | |
04/04/17 | 02/03/17 | 10-K | |
11/29/16 | 10/28/16 | 10-Q | |
09/02/16 | 07/29/16 | 10-Q | |
05/31/16 | 04/29/16 | 10-Q | |
03/29/16 | 01/29/16 | 10-K | |
12/02/15 | 10/30/15 | 10-Q | |
09/01/15 | 07/31/15 | 10-Q | |
06/02/15 | 05/01/15 | 10-Q | |
03/31/15 | 01/30/15 | 10-K | |
12/02/14 | 10/31/14 | 10-Q | |
09/02/14 | 08/01/14 | 10-Q | |
06/03/14 | 05/02/14 | 10-Q | |
03/31/14 | 01/31/14 | 10-K | |
12/03/13 | 11/01/13 | 10-Q | |
09/03/13 | 08/02/13 | 10-Q | |
06/04/13 | 05/03/13 | 10-Q | |
04/02/13 | 02/01/13 | 10-K | |
12/04/12 | 10/31/12 | 10-Q | |
09/04/12 | 08/03/12 | 10-Q | |
06/06/12 | 05/04/12 | 10-Q | |
04/02/12 | 02/03/12 | 10-K | |
12/01/11 | 10/28/11 | 10-Q | |
08/30/11 | 07/29/11 | 10-Q | |
05/31/11 | 04/29/11 | 10-Q | |
03/29/11 | 01/28/11 | 10-K | |
12/01/11 | 10/29/10 | 10-Q | |
08/30/11 | 07/30/10 | 10-Q | |
06/02/10 | 04/30/10 | 10-Q | |
03/30/10 | 01/29/10 | 10-K | |
12/01/09 | 10/31/09 | 10-Q | |
12/01/10 | 10/30/09 | 10-Q | |
09/01/09 | 07/31/09 | 10-Q | |
08/31/10 | 07/31/09 | 10-Q | |
06/01/09 | 05/01/09 | 10-Q | |
03/31/09 | 01/28/09 | Unknown | -- |
12/02/08 | 10/30/08 | Unknown | -- |
09/03/08 | 07/31/08 | Unknown | -- |
06/04/08 | 04/30/08 | Unknown | -- |
04/01/08 | 01/31/08 | NO ACT | |
12/12/07 | 10/30/07 | Unknown | -- |
09/05/07 | 07/31/07 | Unknown | -- |
06/06/07 | 04/30/07 | Unknown | -- |
04/03/07 | 01/28/07 | Unknown | -- |
12/06/06 | 10/30/06 | Unknown | -- |
09/07/06 | 07/31/06 | Unknown | -- |
06/14/06 | 04/30/06 | Unknown | -- |
04/07/06 | 01/28/06 | Unknown | -- |
12/07/05 | 10/30/05 | Unknown | -- |
09/01/05 | 07/31/05 | Unknown | -- |
06/08/05 | 04/30/05 | Unknown | -- |
04/13/05 | 01/31/05 | 8-K | |
12/07/04 | 10/30/04 | Unknown | -- |
09/03/04 | 07/31/04 | Unknown | -- |
06/04/04 | 04/30/04 | 10-Q | |
04/08/04 | 01/29/04 | Unknown | -- |
12/09/03 | 10/30/03 | Unknown | -- |
09/12/03 | 07/31/03 | Unknown | -- |
06/13/03 | 04/30/03 | Unknown | -- |
04/15/03 | 01/28/03 | Unknown | -- |
12/10/02 | 10/30/02 | Unknown | -- |
09/13/02 | 07/31/02 | Unknown | -- |
06/13/02 | 04/30/02 | Unknown | -- |
04/26/02 | 01/28/02 | Unknown | -- |
12/17/01 | 10/30/01 | Unknown | -- |
09/14/01 | 07/31/01 | Unknown | -- |
06/15/01 | 04/30/01 | Unknown | -- |
04/13/01 | 01/28/01 | Unknown | -- |
12/08/00 | 10/30/00 | Unknown | -- |
09/08/00 | 07/31/00 | Unknown | -- |
06/09/00 | 04/30/00 | Unknown | -- |
04/26/00 | 01/29/00 | Unknown | -- |