Stock Analysis on Net
Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

Common-Size Income Statement
Quarterly Data

Lowe’s Cos. Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Aug 2, 2024 May 3, 2024 Feb 2, 2024 Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -66.53 -66.81 -67.60 -66.34 -66.34 -66.32 -67.67 -66.70 -66.76 -65.97 -67.07 -66.90 -66.22 -66.71 -68.22 -67.28 -65.92 -66.90 -68.91 -67.56 -67.89 -68.54 -68.69 -69.12 -67.04 -66.89
Gross margin 33.47% 33.19% 32.40% 33.66% 33.66% 33.68% 32.33% 33.30% 33.24% 34.03% 32.93% 33.10% 33.78% 33.29% 31.78% 32.72% 34.08% 33.10% 31.09% 32.44% 32.11% 31.46% 31.31% 30.88% 32.96% 33.11%
Selling, general and administrative -17.07 -18.77 -20.96 -18.37 -16.37 -17.11 -22.86 -27.44 -16.21 -18.19 -22.22 -19.08 -17.02 -18.40 -22.35 -21.38 -18.39 -21.33 -22.99 -21.69 -19.28 -21.77 -32.57 -22.95 -21.00 -22.66
Depreciation and amortization -1.79 -2.00 -2.37 -2.12 -1.71 -1.86 -1.88 -1.92 -1.63 -1.88 -2.05 -1.85 -1.48 -1.60 -1.93 -1.59 -1.20 -1.66 -2.12 -1.78 -1.48 -1.70 -2.36 -2.43 -1.61 -2.01
Expenses -18.86% -20.77% -23.33% -20.49% -18.08% -18.97% -24.74% -29.36% -17.85% -20.07% -24.26% -20.94% -18.51% -20.00% -24.28% -22.97% -19.58% -22.98% -25.11% -23.48% -20.77% -23.47% -34.93% -25.38% -22.61% -24.67%
Operating income 14.61% 12.42% 9.07% 13.17% 15.57% 14.71% 7.59% 3.94% 15.39% 13.96% 8.66% 12.17% 15.27% 13.29% 7.50% 9.75% 14.49% 10.12% 5.98% 8.96% 11.34% 7.99% -3.62% 5.50% 10.36% 8.44%
Interest, net -1.34 -1.65 -1.87 -1.69 -1.37 -1.56 -1.43 -1.26 -0.96 -1.03 -1.10 -0.97 -0.78 -0.86 -1.00 -0.99 -0.80 -1.04 -1.14 -1.02 -0.81 -0.91 -1.01 -0.88 -0.73 -0.92
Loss on extinguishment of debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Pre-tax earnings 13.27% 10.77% 7.20% 11.48% 14.21% 13.15% 6.16% 2.68% 14.43% 12.93% 7.56% 11.20% 14.49% 12.42% 6.50% 4.01% 13.69% 9.08% 4.84% 7.94% 10.54% 7.07% -4.63% 4.62% 9.62% 7.52%
Income tax provision -3.17 -2.56 -1.72 -2.82 -3.49 -3.04 -1.89 -2.02 -3.54 -3.07 -1.91 -2.92 -3.54 -2.92 -1.69 -0.91 -3.33 -2.28 -1.65 -1.91 -2.55 -1.18 -0.63 -1.00 -2.35 -1.83
Net earnings 10.10% 8.21% 5.48% 8.66% 10.71% 10.11% 4.27% 0.66% 10.89% 9.86% 5.66% 8.27% 10.95% 9.50% 4.82% 3.10% 10.36% 6.80% 3.18% 6.03% 7.98% 5.90% -5.26% 3.61% 7.28% 5.69%

Based on: 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).

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 Q4 2024 to Q1 2025 and from Q1 2025 to Q2 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 Q4 2024 to Q1 2025 and from Q1 2025 to Q2 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 Q4 2024 to Q1 2025 and from Q1 2025 to Q2 2025.