Stock Analysis on Net
Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Common-Size Income Statement

Lowe’s Cos. Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -66.68 -66.61 -66.77 -66.70 -66.99 -68.20
Gross margin 33.32% 33.39% 33.23% 33.30% 33.01% 31.80%
Selling, general and administrative -18.74 -18.03 -20.95 -19.01 -20.68 -21.30
Depreciation and amortization -2.07 -1.99 -1.82 -1.73 -1.56 -1.75
Expenses -20.81% -20.01% -22.77% -20.74% -22.24% -23.05%
Operating income 12.51% 13.38% 10.47% 12.56% 10.77% 8.75%
Interest expense, net of amount capitalized -1.76 -1.72 -1.20 -0.93 -0.97 -1.00
Interest income 0.19 0.12 0.04 0.01 0.03 0.04
Interest, net -1.57% -1.60% -1.16% -0.92% -0.95% -0.96%
Loss on extinguishment of debt 0.00 0.00 0.00 0.00 -1.18 0.00
Pre-tax earnings 10.94% 11.78% 9.31% 11.64% 8.64% 7.79%
Income tax provision -2.62 -2.84 -2.68 -2.87 -2.13 -1.86
Net earnings 8.31% 8.94% 6.63% 8.77% 6.51% 5.93%

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Lowe’s Cos. Inc. operating income as a percentage of net sales increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.
Pre-tax earnings Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Lowe’s Cos. Inc. pre-tax earnings as a percentage of net sales increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Lowe’s Cos. Inc. net earnings as a percentage of net sales increased from 2023 to 2024 but then slightly decreased from 2024 to 2025.