LOWES COMPANIES INC
LOW · Retail-Lumber & Other Building Materials Dealers · 560.7M shares · -7%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $5.9B (gross $6.1B, SBC $210M)
Reference price $223.83 · est. market cap ~$125.5B — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85Dominant #2 home-improvement retailer with top-decile ROA, massive free cash flow and a wide duopoly moat.
Strengths
- Top-decile ROA (12.3%, 91.7th) and near-top FCF ($7.65B, 98.4th)
- Strong operating margin (11.8%, 74.4th) with scale, Pro expansion (FBM/ADG) and loyalty ecosystem
- Disciplined capital returns and high return on invested capital (26%)
Risks
- Negative book equity from buybacks distorts ROE (artifact, not distress)
- Housing-driven demand soft: comps +0.2% and net earnings down 4.4%
- Quick ratio low (0.19, 9.2th) and intense omnichannel competition
Notable findings
- Negative equityNegative book equity (debt/equity -4.02)
- Strong balance sheetStrong balance sheet — $1.7B cash & investments
- Buying back stockNet buyback — share count -7%/yr over 4y
- Insider sellingInsider selling — 7 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$13M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
33.5%
Operating margin
11.8%
Net margin
7.7%
Return on equity
-67.1%
Return on assets
12.3%
ROIC
26.8%
Revenue growth (QoQ)
12.1%
Net-income growth
-4.4%
Debt / equity
-4.0×
Net debt / EBITDA
3.1×
Current ratio
1.1×
Free cash flow
$7.7B
EBITDA
$12.3B
Tangible book value
-$19.8B
Cash & investments
$1.7B
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Vagell Margrethe R | Sell | 2.5K | $223.83 |
| 2026-06-17 | PRYOR JULIETTE WILLIAMS | Sell | 9.3K | $224.81 |
| 2026-06-17 | PRYOR JULIETTE WILLIAMS | Gift | 670 | — |
| 2026-06-16 | Dupre Janice | Option exercise | 4.0K | $80.42 |
| 2026-06-16 | Dupre Janice | Gift | 476 | — |
| 2026-06-16 | Dupre Janice | Option exercise | 2.5K | $84.59 |
| 2026-06-16 | Dupre Janice | Option exercise | 2.2K | $108.93 |
| 2026-06-16 | Dupre Janice | Option exercise | 5.5K | $135.63 |
| 2026-06-16 | Dupre Janice | Sell | 14K | $221.90 |
| 2026-06-15 | PRYOR JULIETTE WILLIAMS | Tax withheld | 9.8K | $220.19 |
| 2026-06-10 | Vagell Margrethe R | Gift | 455 | — |
| 2026-04-01 | Griggs Dan Clayton Jr | Grant | 1.5K | — |
| 2026-04-01 | Godbole Seemantini | Tax withheld | 1.5K | $235.98 |
| 2026-04-01 | Godbole Seemantini | Grant | 9.1K | — |
| 2026-04-01 | Ellison Marvin R | Tax withheld | 7.9K | $235.98 |
| 2026-04-01 | Ellison Marvin R | Grant | 37K | — |
| 2026-04-01 | Dupre Janice | Grant | 5.2K | — |
| 2026-04-01 | Boltz William P | Tax withheld | 2.2K | $235.98 |
| 2026-04-01 | Boltz William P | Grant | 9.5K | — |
| 2026-04-01 | Dupre Janice | Tax withheld | 959 | $235.98 |
| 2026-04-01 | Vance Quonta D | Tax withheld | 327 | $235.98 |
| 2026-04-01 | Vance Quonta D | Grant | 4.8K | — |
| 2026-04-01 | Vagell Margrethe R | Tax withheld | 214 | $235.98 |
| 2026-04-01 | Vagell Margrethe R | Grant | 4.7K | — |
| 2026-04-01 | Sink Brandon J | Tax withheld | 1.5K | $235.98 |
| 2026-04-01 | Sink Brandon J | Grant | 8.3K | — |
| 2026-04-01 | PRYOR JULIETTE WILLIAMS | Grant | 5.1K | — |
| 2026-04-01 | McFarland Joseph Michael | Tax withheld | 2.3K | $235.98 |
| 2026-04-01 | McFarland Joseph Michael | Grant | 9.5K | — |
| 2026-04-01 | Griggs Dan Clayton Jr | Tax withheld | 214 | $235.98 |
| 2026-03-04 | Vance Quonta D | Option exercise | 10K | $102.20 |
| 2026-03-04 | Vance Quonta D | Sell | 10K | $257.54 |
| 2026-01-09 | Ellison Marvin R | Sell | 7.2K | $260.30 |
| 2026-01-09 | Ellison Marvin R | Sell | 7.3K | $261.39 |
| 2026-01-09 | Ellison Marvin R | Sell | 3.5K | $262.51 |
| 2025-12-15 | Vance Quonta D | Tax withheld | 211 | $248.78 |
| 2025-12-09 | Griggs Dan Clayton Jr | Gift | 149 | — |
| 2025-11-24 | Simkins Lawrence | Buy | 1.0K | $231.06 |
| 2025-09-15 | Vance Quonta D | Tax withheld | 344 | $272.09 |
| 2025-09-11 | McFarland Joseph Michael | Option exercise | 44K | $114.07 |
| 2025-09-11 | McFarland Joseph Michael | Sell | 42K | $272.57 |
| 2025-09-11 | McFarland Joseph Michael | Sell | 2.2K | $273.18 |
| 2025-09-05 | Sink Brandon J | Option exercise | 2.4K | $102.20 |
| 2025-09-05 | Sink Brandon J | Option exercise | 733 | $108.93 |
| 2025-09-05 | Sink Brandon J | Sell | 8.2K | $268.58 |
| 2025-09-05 | Sink Brandon J | Gift | 1.3K | — |
| 2025-08-26 | PRYOR JULIETTE WILLIAMS | Sell | 929 | $257.20 |
| 2025-08-20 | Ellison Marvin R | Sell | 7.2K | $260.96 |
| 2025-08-20 | Ellison Marvin R | Sell | 18K | $266.63 |
| 2025-08-20 | Ellison Marvin R | Sell | 5.4K | $261.88 |
| 2025-08-20 | Ellison Marvin R | Sell | 7.0K | $262.33 |
| 2025-08-20 | Ellison Marvin R | Sell | 1.6K | $264.49 |
| 2025-08-20 | Ellison Marvin R | Sell | 681 | $265.50 |
| 2025-06-15 | Sink Brandon J | Tax withheld | 2.5K | $217.27 |
| 2025-06-11 | Dupre Janice | Gift | 900 | — |
| 2025-06-10 | Dupre Janice | Sell | 1.6K | $224.38 |
| 2025-06-03 | PRYOR JULIETTE WILLIAMS | Sell | 1.1K | $227.50 |
| 2025-06-03 | PRYOR JULIETTE WILLIAMS | Gift | 870 | — |
| 2025-04-01 | McFarland Joseph Michael | Tax withheld | 5.7K | $234.01 |
| 2025-04-01 | McFarland Joseph Michael | Grant | 9.6K | — |
| 2025-04-01 | Sink Brandon J | Option exercise | 908 | — |
| 2025-04-01 | Sink Brandon J | Tax withheld | 422 | $234.01 |
| 2025-04-01 | Sink Brandon J | Grant | 8.2K | — |
| 2025-04-01 | Ellison Marvin R | Option exercise | 28K | — |
| 2025-04-01 | Ellison Marvin R | Tax withheld | 19K | $234.01 |
| 2025-04-01 | Ellison Marvin R | Grant | 18K | — |
| 2025-04-01 | Boltz William P | Option exercise | 8.3K | — |
| 2025-04-01 | Boltz William P | Tax withheld | 5.5K | $234.01 |
| 2025-04-01 | Boltz William P | Grant | 9.6K | — |
| 2025-04-01 | Griggs Dan Clayton Jr | Option exercise | 1.4K | — |
| 2025-04-01 | Griggs Dan Clayton Jr | Tax withheld | 604 | $234.01 |
| 2025-04-01 | Griggs Dan Clayton Jr | Grant | 1.5K | — |
| 2025-04-01 | Vance Quonta D | Option exercise | 1.4K | — |
| 2025-04-01 | Vance Quonta D | Tax withheld | 703 | $234.01 |
| 2025-04-01 | Vance Quonta D | Grant | 4.7K | — |
| 2025-04-01 | Vagell Margrethe R | Option exercise | 1.4K | — |
| 2025-04-01 | Vagell Margrethe R | Tax withheld | 604 | $234.01 |
| 2025-04-01 | Vagell Margrethe R | Grant | 4.6K | — |
| 2025-04-01 | PRYOR JULIETTE WILLIAMS | Grant | 5.0K | — |
| 2025-04-01 | Dupre Janice | Option exercise | 4.7K | — |
| 2025-04-01 | Dupre Janice | Tax withheld | 2.9K | $234.01 |
| 2025-04-01 | Dupre Janice | Grant | 5.1K | — |
| 2025-04-01 | Godbole Seemantini | Option exercise | 7.7K | — |
| 2025-04-01 | Godbole Seemantini | Tax withheld | 4.7K | $234.01 |
| 2025-04-01 | Godbole Seemantini | Grant | 8.1K | — |
| 2025-04-01 | McFarland Joseph Michael | Option exercise | 8.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (3)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-02 | Shareholder vote | filing ↗ |
| 2026-05-20 | ResultsExhibits | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-11-19 | ResultsExhibits | filing ↗ |
| 2025-10-09 | Acquisition/dispositionDebt obligationReg FDExhibits | filing ↗ |
| 2025-09-30 | Material agreementOtherExhibits | filing ↗ |
| 2025-09-19 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-08-20 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-02 | 2026-05-29 | 0000060667-26-000091 ↗ |
| 10-Q | 2026-05-28 | 2026-05-01 | 0000060667-26-000072 ↗ |
| 8-K | 2026-05-20 | 2026-05-20 | 0000060667-26-000062 ↗ |
| 10-K | 2026-03-23 | 2026-01-30 | 0000060667-26-000029 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0000060667-26-000020 ↗ |
| 10-Q | 2025-11-26 | 2025-10-31 | 0000060667-25-000210 ↗ |
| 8-K | 2025-11-19 | 2025-11-19 | 0000060667-25-000203 ↗ |
| 8-K | 2025-10-09 | 2025-10-09 | 0000060667-25-000199 ↗ |
| 8-K | 2025-09-30 | 2025-09-23 | 0001193125-25-224995 ↗ |
| 8-K | 2025-09-19 | 2025-09-16 | 0001193125-25-208264 ↗ |
| 10-Q | 2025-08-28 | 2025-08-01 | 0000060667-25-000174 ↗ |
| 8-K | 2025-08-20 | 2025-08-20 | 0000060667-25-000161 ↗ |