Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Based on: 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), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Lowe’s Cos. Inc. gross profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Lowe’s Cos. Inc. operating profit margin ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Lowe’s Cos. Inc. net profit margin ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | Lowe’s Cos. Inc. ROA deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
Gross Profit Margin
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 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Gross margin | 6,891) | 8,399) | 7,527) | 7,256) | 7,818) | 9,133) | 8,050) | 7,027) | 7,587) | 9,312) | 8,130) | 6,455) | 7,300) | 9,304) | 6,513) | 4,982) | 5,640) | 6,740) | 5,581) | 4,898) | 5,377) | 6,885) | 5,748) | 5,226) | 5,713) | 6,670) | 5,800) | ||||||||
Net sales | 20,471) | 24,956) | 22,347) | 22,445) | 23,479) | 27,476) | 23,659) | 21,340) | 22,918) | 27,570) | 24,422) | 20,311) | 22,309) | 27,302) | 19,675) | 16,027) | 17,388) | 20,992) | 17,741) | 15,646) | 17,415) | 20,888) | 17,360) | 15,494) | 16,770) | 19,495) | 16,860) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
Gross profit margin1 | 33.33% | 33.25% | 33.14% | 33.23% | 33.38% | 33.33% | 33.49% | 33.30% | 33.06% | 32.97% | 33.06% | 33.01% | 32.94% | 32.89% | 32.23% | 31.80% | 31.85% | 31.47% | 31.72% | 32.12% | 32.65% | 33.43% | 33.79% | 34.11% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | 46.98% | 46.24% | 45.53% | 44.73% | 43.81% | 43.04% | 42.65% | 42.14% | 42.03% | 41.31% | 40.68% | 40.01% | 39.57% | 40.22% | 40.27% | 40.64% | 40.99% | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 33.42% | 33.49% | 33.51% | 33.53% | 33.51% | 33.53% | 33.58% | 33.63% | 33.72% | 33.72% | 33.94% | 33.95% | 34.03% | 34.10% | 34.06% | 34.09% | 34.13% | 34.20% | 34.26% | 34.34% | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 28.99% | 28.48% | 27.85% | 27.61% | 27.92% | 28.03% | 28.45% | 28.50% | 28.78% | 28.91% | 27.61% | 23.66% | 23.97% | 23.61% | 25.04% | 28.46% | 28.30% | 28.32% | 28.49% | 28.59% | 28.76% | 28.96% | 28.88% | 28.89% | — | — | — |
Based on: 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), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q3 2024 Calculation
Gross profit margin = 100
× (Gross marginQ3 2024
+ Gross marginQ2 2024
+ Gross marginQ1 2024
+ Gross marginQ4 2023)
÷ (Net salesQ3 2024
+ Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023)
= 100 × (6,891 + 8,399 + 7,527 + 7,256)
÷ (20,471 + 24,956 + 22,347 + 22,445)
= 33.33%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Lowe’s Cos. Inc. gross profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Operating Profit Margin
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 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Operating income | 2,696) | 3,886) | 3,288) | 1,704) | 924) | 4,229) | 3,302) | 1,849) | 2,789) | 4,210) | 3,245) | 1,524) | 2,175) | 3,957) | 1,991) | 958) | 1,558) | 2,381) | 1,417) | (567) | 957) | 2,163) | 1,465) | 1,098) | 1,547) | 2,382) | 1,559) | ||||||||
Net sales | 20,471) | 24,956) | 22,347) | 22,445) | 23,479) | 27,476) | 23,659) | 21,340) | 22,918) | 27,570) | 24,422) | 20,311) | 22,309) | 27,302) | 19,675) | 16,027) | 17,388) | 20,992) | 17,741) | 15,646) | 17,415) | 20,888) | 17,360) | 15,494) | 16,770) | 19,495) | 16,860) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
Operating profit margin1 | 12.83% | 10.51% | 10.60% | 10.47% | 10.74% | 12.76% | 12.72% | 12.56% | 12.36% | 11.79% | 11.55% | 10.77% | 10.64% | 10.53% | 9.30% | 8.75% | 6.67% | 5.83% | 5.54% | 5.63% | 7.99% | 8.90% | 9.39% | 9.60% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | 6.41% | 4.76% | 3.29% | 2.54% | 2.38% | 2.58% | 3.15% | 4.12% | 5.30% | 6.18% | 6.68% | 6.63% | 5.93% | 5.72% | 5.24% | 4.76% | 5.18% | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 14.51% | 14.88% | 15.19% | 15.27% | 15.33% | 15.30% | 15.20% | 15.24% | 15.10% | 14.79% | 14.70% | 13.84% | 14.01% | 13.99% | 13.85% | 14.37% | 14.26% | 14.31% | 14.36% | 14.35% | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 10.17% | 10.02% | 9.82% | 9.73% | 9.76% | 9.77% | 10.18% | 9.79% | 9.55% | 9.32% | 7.05% | 1.81% | 3.13% | 3.26% | 5.86% | 10.59% | 10.49% | 10.56% | 10.61% | 10.82% | 10.71% | 10.86% | 10.89% | 10.84% | — | — | — |
Based on: 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), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q3 2024 Calculation
Operating profit margin = 100
× (Operating incomeQ3 2024
+ Operating incomeQ2 2024
+ Operating incomeQ1 2024
+ Operating incomeQ4 2023)
÷ (Net salesQ3 2024
+ Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023)
= 100 × (2,696 + 3,886 + 3,288 + 1,704)
÷ (20,471 + 24,956 + 22,347 + 22,445)
= 12.83%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Lowe’s Cos. Inc. operating profit margin ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
Net Profit Margin
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 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Net earnings | 1,773) | 2,673) | 2,260) | 958) | 154) | 2,992) | 2,333) | 1,207) | 1,896) | 3,018) | 2,321) | 978) | 692) | 2,828) | 1,337) | 510) | 1,049) | 1,676) | 1,046) | (823) | 629) | 1,520) | 988) | 554) | 872) | 1,419) | 602) | ||||||||
Net sales | 20,471) | 24,956) | 22,347) | 22,445) | 23,479) | 27,476) | 23,659) | 21,340) | 22,918) | 27,570) | 24,422) | 20,311) | 22,309) | 27,302) | 19,675) | 16,027) | 17,388) | 20,992) | 17,741) | 15,646) | 17,415) | 20,888) | 17,360) | 15,494) | 16,770) | 19,495) | 16,860) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
Net profit margin1 | 8.49% | 6.48% | 6.65% | 6.63% | 6.97% | 8.84% | 8.85% | 8.77% | 8.63% | 7.41% | 7.23% | 6.51% | 6.29% | 7.12% | 6.17% | 5.93% | 4.11% | 3.52% | 3.31% | 3.25% | 5.19% | 5.58% | 5.55% | 5.02% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | 5.29% | 3.62% | 2.43% | 0.82% | -0.53% | 2.25% | 2.39% | 4.48% | 7.10% | 5.73% | 6.64% | 6.42% | 5.53% | 4.99% | 4.10% | 3.56% | 4.13% | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 10.22% | 10.48% | 10.75% | 10.87% | 10.87% | 10.88% | 10.83% | 10.87% | 10.79% | 10.55% | 10.45% | 9.74% | 9.94% | 9.91% | 9.79% | 10.20% | 10.01% | 10.18% | 10.24% | 10.28% | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 7.85% | 7.77% | 7.56% | 7.00% | 6.90% | 6.77% | 6.69% | 6.76% | 5.85% | 5.81% | 4.00% | 0.28% | 2.24% | 2.11% | 4.57% | 7.84% | 7.70% | 7.65% | 7.69% | 7.85% | 7.98% | 7.88% | 7.58% | 7.27% | — | — | — |
Based on: 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), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q3 2024 Calculation
Net profit margin = 100
× (Net earningsQ3 2024
+ Net earningsQ2 2024
+ Net earningsQ1 2024
+ Net earningsQ4 2023)
÷ (Net salesQ3 2024
+ Net salesQ2 2024
+ Net salesQ1 2024
+ Net salesQ4 2023)
= 100 × (1,773 + 2,673 + 2,260 + 958)
÷ (20,471 + 24,956 + 22,347 + 22,445)
= 8.49%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Lowe’s Cos. Inc. net profit margin ratio deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |
Return on Equity (ROE)
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 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Net earnings | 1,773) | 2,673) | 2,260) | 958) | 154) | 2,992) | 2,333) | 1,207) | 1,896) | 3,018) | 2,321) | 978) | 692) | 2,828) | 1,337) | 510) | 1,049) | 1,676) | 1,046) | (823) | 629) | 1,520) | 988) | 554) | 872) | 1,419) | 602) | ||||||||
Shareholders’ equity (deficit) | (15,147) | (14,732) | (14,710) | (14,254) | (12,868) | (8,442) | (6,877) | (4,816) | (1,576) | (175) | 445) | 1,437) | 4,073) | 4,356) | 1,716) | 1,972) | 2,458) | 2,640) | 3,236) | 3,644) | 5,394) | 5,781) | 5,745) | 5,873) | 5,742) | 5,536) | 5,531) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
ROE1 | — | — | — | — | — | — | — | — | — | — | 1,532.36% | 406.05% | 131.77% | 131.40% | 266.43% | 217.09% | 119.93% | 95.76% | 73.30% | 63.50% | 68.43% | 68.05% | 66.72% | 58.69% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
ROE, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | 15.07% | 10.97% | 7.75% | 2.78% | -1.86% | 8.24% | 8.83% | 15.98% | 24.13% | 21.78% | 25.64% | 26.04% | 22.84% | 20.99% | 17.88% | 16.18% | 18.67% | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 1,098.18% | 1,215.96% | 4,626.24% | 1,095.07% | 1,317.03% | 7,124.47% | — | — | 1,539.90% | 736.64% | 844.74% | 390.00% | 813.68% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 60.14% | 60.25% | 59.20% | 54.97% | 60.02% | 62.26% | 59.63% | 54.69% | 41.40% | 39.21% | 24.63% | 1.55% | 13.47% | 15.26% | 35.54% | 55.01% | 56.45% | 57.76% | 59.31% | 60.61% | 58.89% | 56.91% | 52.98% | 50.66% | — | — | — |
Based on: 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), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q3 2024 Calculation
ROE = 100
× (Net earningsQ3 2024
+ Net earningsQ2 2024
+ Net earningsQ1 2024
+ Net earningsQ4 2023)
÷ Shareholders’ equity (deficit)
= 100 × (1,773 + 2,673 + 2,260 + 958)
÷ -15,147 = —
2 Click competitor name to see calculations.
Return on Assets (ROA)
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 | Feb 2, 2018 | Nov 3, 2017 | Aug 4, 2017 | May 5, 2017 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Net earnings | 1,773) | 2,673) | 2,260) | 958) | 154) | 2,992) | 2,333) | 1,207) | 1,896) | 3,018) | 2,321) | 978) | 692) | 2,828) | 1,337) | 510) | 1,049) | 1,676) | 1,046) | (823) | 629) | 1,520) | 988) | 554) | 872) | 1,419) | 602) | ||||||||
Total assets | 42,519) | 44,521) | 45,917) | 43,708) | 46,973) | 46,725) | 49,725) | 44,640) | 49,400) | 49,404) | 51,200) | 46,735) | 50,880) | 51,763) | 45,832) | 39,471) | 39,764) | 40,695) | 43,219) | 34,508) | 36,713) | 37,105) | 38,237) | 35,291) | 36,783) | 36,668) | 37,613) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
ROA1 | 18.02% | 13.58% | 13.86% | 14.73% | 14.23% | 18.04% | 17.00% | 18.91% | 16.63% | 14.19% | 13.32% | 12.49% | 10.55% | 11.06% | 9.98% | 10.85% | 7.41% | 6.21% | 5.49% | 6.71% | 10.05% | 10.60% | 10.02% | 9.77% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
ROA, Competitors2 | |||||||||||||||||||||||||||||||||||
Amazon.com Inc. | — | — | — | 5.76% | 4.12% | 2.74% | 0.92% | -0.59% | 2.64% | 2.77% | 5.21% | 7.93% | 6.87% | 8.17% | 8.33% | 6.64% | 6.16% | 5.10% | 4.77% | 5.14% | — | — | — | — | — | — | — | ||||||||
Home Depot Inc. | 20.78% | 21.25% | 21.92% | 22.38% | 22.24% | 22.27% | 21.57% | 22.86% | 21.82% | 21.54% | 20.35% | 18.23% | 18.66% | 18.67% | 18.68% | 21.94% | 21.23% | 21.54% | 21.80% | 25.27% | — | — | — | — | — | — | — | ||||||||
TJX Cos. Inc. | 13.54% | 13.77% | 13.25% | 12.34% | 11.96% | 12.40% | 12.04% | 11.53% | 8.87% | 8.73% | 4.99% | 0.29% | 2.38% | 2.68% | 6.63% | 13.55% | 12.88% | 13.40% | 13.53% | 21.36% | 20.60% | 21.08% | 19.90% | 18.55% | — | — | — |
Based on: 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), 10-K (reporting date: 2018-02-02), 10-Q (reporting date: 2017-11-03), 10-Q (reporting date: 2017-08-04), 10-Q (reporting date: 2017-05-05).
1 Q3 2024 Calculation
ROA = 100
× (Net earningsQ3 2024
+ Net earningsQ2 2024
+ Net earningsQ1 2024
+ Net earningsQ4 2023)
÷ Total assets
= 100 × (1,773 + 2,673 + 2,260 + 958)
÷ 42,519 = 18.02%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | Lowe’s Cos. Inc. ROA deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level. |