The big-box home-improvement retailer has enjoyed several strong years, as the pandemic and the rise of remote work encouraged many people to either update their existing homes or buy and fix up new ones. The company reported more than $96 billion in sales in 2021, a bump of 6.9% compared with 2020, and an impressive 33% leap from 2019, the last pre-pandemic year. A tight housing market and rising real estate values are expected to continue to fuel new home projects—good news for Lowe’s and its competitors.
Jeffrey Greenberg—UCG/Universal Images Group via Getty Images
Company Information
As of
3/29/23
Country
U.S.
Headquarters
Mooresville, N.C.
Industry
Specialty Retailers: Other
CEO
Marvin R. Ellison
Website
Company Type
Public
Ticker
LOW
Revenues ($M)
$97,059
Profits ($M)
Market Value ($M)
$120,885
Employees
300,000
Figures are for fiscal year ended Jan. 31, 2023. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$96,250
7.4%
Profits ($M)
$8,442
44.7%
Assets ($M)
$44,640
-
Total Stockholder Equity ($M)
$-4,816
-
Profit Ratios
Profit as % of Revenues
8.8%
Profits as % of Assets
18.9%
Profits as % of Stockholder Equity
-
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
1,204
EPS % Change (from 2020)
55.4%
EPS % Change (5 year annual rate)
28.3%
EPS % Change (10 year annual rate)
23.7%
Total Return
Total Return to Investors (2021)
63.3%
Total Return to Investors (5 year, annualized)
31.8%
Total Return to Investors (10 year, annualized)
28.3%
Lowe's Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $89,59724.2% | $5,83536.3% | $46,735 | $1,437 |
| 2020 | $72,1481.2% | $4,28185% | $39,471 | $1,972 |
| 2019 | $71,3093.9% | $2,314-32.9% | $34,508 | $3,644 |
| 2018 | $68,6195.5% | $3,44711.4% | $35,291 | $5,873 |
| 2017 | $65,01710.1% | $3,09321.5% | $34,408 | $6,434 |
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