Net Profit Margin
since 2005
Calculation
Lowe’s Cos. Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 8.31% | = | 100 | × | 6,957) | ÷ | 83,674) |
| Feb 2, 2024 | 8.94% | = | 100 | × | 7,726) | ÷ | 86,377) |
| Feb 3, 2023 | 6.63% | = | 100 | × | 6,437) | ÷ | 97,059) |
| Jan 28, 2022 | 8.77% | = | 100 | × | 8,442) | ÷ | 96,250) |
| Jan 29, 2021 | 6.51% | = | 100 | × | 5,835) | ÷ | 89,597) |
| Jan 31, 2020 | 5.93% | = | 100 | × | 4,281) | ÷ | 72,148) |
| Feb 1, 2019 | 3.25% | = | 100 | × | 2,314) | ÷ | 71,309) |
| Feb 2, 2018 | 5.02% | = | 100 | × | 3,447) | ÷ | 68,619) |
| Feb 3, 2017 | 4.76% | = | 100 | × | 3,093) | ÷ | 65,017) |
| Jan 29, 2016 | 4.31% | = | 100 | × | 2,546) | ÷ | 59,074) |
| Jan 30, 2015 | 4.80% | = | 100 | × | 2,698) | ÷ | 56,223) |
| Jan 31, 2014 | 4.28% | = | 100 | × | 2,286) | ÷ | 53,417) |
| Feb 1, 2013 | 3.88% | = | 100 | × | 1,959) | ÷ | 50,521) |
| Feb 3, 2012 | 3.66% | = | 100 | × | 1,839) | ÷ | 50,208) |
| Jan 28, 2011 | 4.12% | = | 100 | × | 2,010) | ÷ | 48,815) |
| Jan 29, 2010 | 3.78% | = | 100 | × | 1,783) | ÷ | 47,220) |
| Jan 30, 2009 | 4.55% | = | 100 | × | 2,195) | ÷ | 48,230) |
| Feb 1, 2008 | 5.82% | = | 100 | × | 2,809) | ÷ | 48,283) |
| Feb 2, 2007 | 6.62% | = | 100 | × | 3,105) | ÷ | 46,927) |
| Feb 3, 2006 | 6.41% | = | 100 | × | 2,771) | ÷ | 43,243) |
| Jan 28, 2005 | 5.97% | = | 100 | × | 2,176) | ÷ | 36,464) |
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), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
1 US$ in millions
- Net Earnings
- Net earnings exhibited an overall upward trend from 2005 through 2025, starting at 2,176 million US dollars in 2005 and reaching a peak of 8,442 million in 2022. Despite this long-term increase, fluctuations are observable, including periods of decline such as from 2005 to 2010, and a marked dip in 2019. The largest gains were recorded post-2016, particularly between 2016 and 2022, indicating substantial growth in profitability. However, earnings slightly decreased in the last two reported years, 2024 and 2025.
- Net Sales
- Net sales followed a generally positive trajectory from 2005 to 2024, growing from 36,464 million US dollars to a peak near 97,059 million in 2023. Sales figures showed steady annual increases with minor fluctuations, including a decline in the final two years, 2024 and 2025. The growth was gradual between 2005 and 2015 but accelerated from 2016 through 2023, highlighting a phase of notable expansion in revenue streams before the recent downturn.
- Net Profit Margin
- The net profit margin demonstrated considerable variability over the period but generally increased. Starting at 5.97% in 2005, it reached its lowest point in 2019 at 3.25%, followed by a strong recovery leading to the highest margin of 8.94% in 2024. Notable fluctuations occurred around the late 2000s and early 2010s, with margins dipping below 4% in some years. The margin improvement in recent years suggests enhanced efficiency or profitability relative to sales despite some recent volatility.
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Comparison to Competitors
Lowe’s Cos. Inc., net profit margin, long-term trends, comparison to competitors
| Lowe’s Cos. Inc. | Amazon.com Inc. | Home Depot Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|
| Jan 31, 2025 | 8.31% | 10.83% | 9.28% | 8.63% |
| Feb 2, 2024 | 8.94% | 9.29% | 9.92% | 8.25% |
| Feb 3, 2023 | 6.63% | 5.29% | 10.87% | 7.00% |
| Jan 28, 2022 | 8.77% | -0.53% | 10.87% | 6.76% |
| Jan 29, 2021 | 6.51% | 7.10% | 9.74% | 0.28% |
| Jan 31, 2020 | 5.93% | 5.53% | 10.20% | 7.84% |
| Feb 1, 2019 | 3.25% | 4.13% | 10.28% | 7.85% |
| Feb 2, 2018 | 5.02% | 4.33% | 8.55% | 7.27% |
| Feb 3, 2017 | 4.76% | 1.71% | 8.41% | 6.93% |
| Jan 29, 2016 | 4.31% | 1.74% | 7.92% | 7.36% |
| Jan 30, 2015 | 4.80% | 0.56% | 7.63% | 7.62% |
| Jan 31, 2014 | 4.28% | -0.27% | 6.83% | 7.79% |
| Feb 1, 2013 | 3.88% | 0.37% | 6.07% | 7.37% |
| Feb 3, 2012 | 3.66% | -0.06% | 5.52% | 6.45% |
| Jan 28, 2011 | 4.12% | 1.31% | 4.91% | 6.12% |
| Jan 29, 2010 | 3.78% | 3.37% | 4.02% | 5.98% |
| Jan 30, 2009 | 4.55% | 3.68% | 3.17% | 4.63% |
| Feb 1, 2008 | 5.82% | 3.37% | 5.68% | 4.14% |
| Feb 2, 2007 | 6.62% | 3.21% | 6.34% | 4.24% |
| Feb 3, 2006 | 6.41% | 1.77% | 7.16% | 4.30% |
| Jan 28, 2005 | 5.97% | 4.23% | 6.84% | 4.45% |
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), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Lowe’s Cos. Inc., net profit margin, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Lowe’s Cos. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Jan 31, 2025 | 8.31% | 10.26% |
| Feb 2, 2024 | 8.94% | 9.30% |
| Feb 3, 2023 | 6.63% | 6.54% |
| Jan 28, 2022 | 8.77% | 3.14% |
| Jan 29, 2021 | 6.51% | 7.21% |
| Jan 31, 2020 | 5.93% | 6.58% |
| Feb 1, 2019 | 3.25% | 5.63% |
| Feb 2, 2018 | 5.02% | 5.65% |
| Feb 3, 2017 | 4.76% | 4.42% |
| Jan 29, 2016 | 4.31% | 4.52% |
| Jan 30, 2015 | 4.80% | 4.30% |
| Jan 31, 2014 | 4.28% | 3.85% |
| Feb 1, 2013 | 3.88% | 3.85% |
| Feb 3, 2012 | 3.66% | 3.50% |
| Jan 28, 2011 | 4.12% | 3.92% |
| Jan 29, 2010 | 3.78% | 4.06% |
| Jan 30, 2009 | 4.55% | 3.83% |
| Feb 1, 2008 | 5.82% | 5.27% |
| Feb 2, 2007 | 6.62% | 5.93% |
| Feb 3, 2006 | 6.41% | 6.26% |
| Jan 28, 2005 | 5.97% | 6.17% |
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), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).
Comparison to Industry (Consumer Discretionary)
Lowe’s Cos. Inc., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| Lowe’s Cos. Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 31, 2025 | 8.31% | 7.84% |
| Feb 2, 2024 | 8.94% | 8.69% |
| Feb 3, 2023 | 6.63% | 7.84% |
| Jan 28, 2022 | 8.77% | 5.02% |
| Jan 29, 2021 | 6.51% | 9.12% |
| Jan 31, 2020 | 5.93% | 5.18% |
| Feb 1, 2019 | 3.25% | 5.92% |
| Feb 2, 2018 | 5.02% | 6.19% |
| Feb 3, 2017 | 4.76% | 4.38% |
| Jan 29, 2016 | 4.31% | 5.77% |
| Jan 30, 2015 | 4.80% | 6.37% |
| Jan 31, 2014 | 4.28% | 4.66% |
| Feb 1, 2013 | 3.88% | 5.29% |
| Feb 3, 2012 | 3.66% | 5.32% |
| Jan 28, 2011 | 4.12% | 8.80% |
| Jan 29, 2010 | 3.78% | 5.80% |
| Jan 30, 2009 | 4.55% | 4.94% |
| Feb 1, 2008 | 5.82% | 0.22% |
| Feb 2, 2007 | 6.62% | 3.23% |
| Feb 3, 2006 | 6.41% | 0.73% |
| Jan 28, 2005 | 5.97% | 4.49% |
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), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).