LOW Lowe's Companies, Inc. Common Stock
NYSE · Retail · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Aug 27, 2026LOW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| July 3, 2006 | 2-for-1 | Forward |
| July 2, 2001 | 2-for-1 | Forward |
| June 29, 1998 | 2-for-1 | Forward |
| April 4, 1994 | 2-for-1 | Forward |
| June 29, 1992 | 2-for-1 | Forward |
About Lowe's Companies, Inc. Common Stock Company overview from Wikipedia
Lowe's Companies, Inc. ( LOHZ) is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of October 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.
Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by Home Depot in 1989) behind rival the Home Depot and ahead of Menards. It is also the second-largest hardware chain in the world, also behind the Home Depot, but ahead of European retailers Leroy Merlin, B&Q, and OBI.
The company previously operated in Australia through the Masters Home Improvement joint venture until 2016, in Mexico until 2019, and in Canada until selling its operations (which will be consolidated under the Rona brand) to Sycamore Partners in 2023.
History
The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe, for $4,200, that same year. James took on his brother-in-law H. Carl Buchan, Ruth's husband, as a partner in 1943.
Buchan anticipated the dramatic increase in construction after World War II, and under his management, the store focused on hardware and building materials. Before then, the product mix had also included notions, dry goods, horse tack, snuff, produce, and groceries. Buchan and Lowe started the concept of procuring large quantities of products directly from manufacturers, which eliminated the wholesaler and allowed them to offer customers lower prices. The company opened its second store in Sparta, North Carolina, in 1949.
In 1952, Buchan became the sole owner of Lowe's, and the company was incorporated as Lowe's North Wilkesboro Hardware. In 1954, Jim Lowe started the Lowes Foods grocery store chain.
In 1960, Buchan died of a heart attack at age 44. His five-man executive team, which included Robert Strickland and Leonard Herring, took the company public in 1961 under the name Lowe's Companies Inc. By 1962, Lowe's operated 21 stores and reported annual revenues of $32 million. Lowe's began trading on the New York Stock Exchange in 1979. By 1970s, Lowe's revenue reached more than $150 million and, in 1980, to nearly $900 million.
Under the leadership of Robert L. Tillman, who was CEO from 1996 to 2005, Lowe's expanded beyond its traditional Southern base into the Northeast, Midwest, and West, and completed the acquisition of Eagle Hardware & Garden to accelerate growth in the western United States. Lowe's grew nationally, as it was aided by the purchase of the Renton, Washington–based Eagle Hardware & Garden company in 1999. The first store outside the United States was in Hamilton, Ontario, Canada. According to its website, Lowe's has operated/serviced more than 2,355 locations in the United States, Canada, and Mexico alone, although the Mexican stores were closed in the late 2010s.
Lowe's formerly operated in Mexico with 14 locations: 8 in Monterrey, Nuevo León, 1 in Saltillo, Coahuila, 1 in Hermosillo, Sonora, 1 in Chihuahua, Chihuahua, 1 in Culiacán, Sinaloa, 1 in Aguascalientes, Aguascalientes and 1 in León, Guanajuato. Lowe's Mexico closed all its stores on April 10, 2019.
In 2023, Lowe's sold its Canadian retail business, based in Boucherville, Quebec, to Sycamore Partners for $400 million in cash. They will all be consolidated into Rona stores.
Lowe's agreed to acquire Foundation Building Materials for $8.8 billion in cash in August 2025, purchasing the home improvement supplier with the intention of expanding into the business that serves contractors and builders.
Finances
In 2020, for the May–July yearly quarter, the company reported sales of $27.3 billion; in 2019, for the same period, the firm had reported sales of $21 billion. The digital sales for the same period also were up to 135%. The sales surges were a result of consumers switching their buying habits as a result of the COVID-19 pandemic.
Seventy five percent of the company's revenue comes from do it yourself consumers.
Historical data
For the fiscal year 2019 (2/1/2019-1/31/2020), Lowe's reported earnings of US$4.281 billion, with an annual revenue of US$72.148 billion, an increase of 1.17% over the previous fiscal cycle. Lowe's shares traded at over $116 per share, and its market capitalization was valued at over US$90.32 billion in January 2020. Lowe's ranked No. 42 on the 2019 Fortune 500 list. Lowes announced a $10 billion stock buyback at the end of 2018 to begin in 2019, while trimming jobs.
For the fiscal year 2018, Lowe's reported earnings of US$2.314 billion, with an annual revenue of US$71.309 billion, an increase of 3.92% over the previous fiscal cycle. Lowe's shares traded at over $96 per share, and its market capitalization was valued at over US$75.8 billion in October 2018. Lowe's ranked No. 40 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Headquarters
In 1998, Lowe's purchased the Wilkes Mall in Wilkesboro, North Carolina, to serve as the company's headquarters. In 2002, Lowe's acquired full control over the 440,000 square feet (41,000 m2) building after the 10 remaining mall tenants vacated the property. A year later, Lowe's constructed and relocated the corporate headquarters to a new, 350-acre campus in Mooresville, North Carolina. The new facility contains a five-story and two seven-story buildings. The building has a central atrium and two office wings; the atrium houses a food court, a five-story spiral staircase, and meeting and reception rooms. A 7-acre (2.8 ha) lake flows underneath the headquarters building.
Lowe's maintained its former headquarters in Wilkesboro, where it employed over 2,400 people until 2019. In 2011, Lowe's invested $10 million in improvements and renovations in the property, including a full-service food court, coffee shop, and health center, as well as gating the entire property with an addition of a guardhouse. All positions have since been relocated and the former Wilkes corporate office is vacant.
On January 30th, 2025, the old headquarters got sold to Finley Properties for 4 million dollars. In addition to Wilkesboro, Lowe's formerly operated a customer contact center in Albuquerque, New Mexico, both of which quietly closed in 2023. Currently, customer contact centers remain in Indianapolis, Indiana and India.
On June 27, 2019, Lowe's announced the construction of a $153 million, 23-story tower in Charlotte's fast-growing South End neighborhood. It was completed in 2020 and houses 2,000 employees, 400 of whom moved from the headquarters. The new tower houses a "global technology hub" for Lowe's. The state of North Carolina provided $54 million in incentives provided Lowe's meets certain goals.
Environmental record
Lowe's won eight consecutive Energy Star awards from 2003 to 2010, including four Energy Star Partner of the Year awards for educating consumers about the benefits of energy efficiency. On March 1, 2010, Lowe's also became the first winner of the Energy Star Sustained Excellence Award in Retail, to recognize its contribution to reducing greenhouse gas emissions by promoting energy-efficient products and educating consumers and employees on the value of the Energy Star program.
In 2000, Lowe's released a policy promising that all wood products sold would not be sourced from rainforests. However, according to a 2006 report released by the Environmental Investigation Agency, wood used in flooring by Armstrong Flooring that Lowe's was selling had been coming from the forests of Indonesia's remote Papua Province, where some logging was estimated to be illegal. According to the Telepak report, which was the sole basis of the EIA allegations, Armstrong commissioned an independent audit of Kreasi's merbau supplies over the last 18 month which found documentation relating to the source of the company's merbau logs in Papua, and based on this, Armstrong decided to continue to trade in merbau supplied by Kreasi. The cited report dates to 2006 and Lowe's continues to claim its wood products come from known sources; is legally harvested and traded, and more.
On April 17, 2014, Lowe's paid a $500,000 penalty for violations of the federal Lead Renovation, Repair and Painting (RRP) Rule, which require renovation contractors, such as window and carpet installers to manage the risk of lead dust when renovating customer homes. As of 2022, this is the largest RRP violation to ever occur. In the words of the EPA, ""This settlement will ensure that not only children in southern Illinois, but children throughout the United States will be better protected from the known hazards associated with lead exposure".
On March 6, 2020, Lowe's paid a $1,600,000 fine for violating California's air quality regulations. This includes violations in NOx emissions from ovens and asbestos from demolition/renovation activities.
Labor relations
In April 2019, a National Labor Relations Board (NLRB) judge found that Lowe's had violated the National Labor Relations Act by illegally forbidding workers from discussing their pay.
In August 2022, Lowe's announced that it was awarding $55 million in bonus income to front-line workers, and that it was offering staff discounts on common household and cleaning items in light of recent inflationary pressures.
In October 2022, a group of 172 workers at a Lowe's store in New Orleans, Louisiana, organizing under the banner of Lowe's Workers United and led by a worker at the store named Felix Allen, filed for a union election with the NLRB. In June 2023, Felix Allen was fired, leading to multiple unfair labor practice charges being filed with the NLRB against Lowe's, accusing the company of multiple violations of labor law in response to the unionization drive at the New Orleans store, including surveillance, interrogation of employees, and retaliating against union organizers.
Advertising and sponsorships
In January 2019, Lowes became the official home improvement sponsor of the National Football League. In April 2024, Lowes launched a partnership with Major League Soccer's Inter Miami CF, Lionel Messi, and the 2024 Copa América.
Racing sponsorships
Lowe's purchased naming rights to Charlotte Motor Speedway in Charlotte, North Carolina, in 1998, and the speedway changed names to Lowe's Motor Speedway. After the 10-year naming rights expired, Lowe's extended naming rights by one year. After the one-year extension expired, Lowe's discontinued naming rights, and as of the 2010 racing season, the racetrack returned to its original name.
The corporation was the primary sponsor for seven-time NASCAR Sprint Cup Series champion Jimmie Johnson in the No. 48 Chevrolet Camaro ZL1 and it was a part-time sponsor of the former No. 5 Nationwide Series car; both teams are owned by Hendrick Motorsports. Prior to the current sponsorship deal with Hendrick Motorsports, Lowe's was the sponsor of the No. 31 Chevrolet for Richard Childress Racing driven by Mike Skinner and Robby Gordon from 1997 to 2001. Prior to the RCR deal, Lowe's was the primary sponsor of the No. 11 Ford driven by Brett Bodine for Junior Johnson & Associates and later his own team, Brett Bodine Racing (after Bodine bought the No. 11 from Johnson). One of the company's earliest forays into racing sponsorship was in 1979, when it sponsored the No. 2 Buick of the Rod Osterlund team in what was then known the Winston Cup Series, for the Talladega 500. The car was driven in that race by David Pearson, substituting for injured rookie Dale Earnhardt. Lowe's continued with sporadic car sponsorship throughout the next two decades until the aforementioned Bodine sponsorship in 1995. On March 14, 2018, Lowe's announced it would end sponsorship of the No. 48 car after the 2018 season, thereby ending all involvement in motorsports.
Lowe's also sponsored Fernandez Racing in the American Le Mans Series and previously sponsored the team in the Rolex Sports Car Series; in that series, Lowe's sponsored the No. 99 Gainsco Stallings Racing Pontiac in events where Johnson was driving.
In 2006, Lowe's contracted designer Marianne Cusato to develop and offer affordable house plans for the hurricane-affected Gulf region. Lowe's is the exclusive retailer for both the plans and building materials for the Lowe's Katrina Cottage. They offer easy construction and affordability, as well as the possibility of expansion. Moreover, they meet all international building codes and exceed hurricane codes. Lowe's discontinued the Katrina Cottage line in 2011.
Lowe's has a wide variety of television and radio commercials. A significant number of different racing-inspired commercials can be seen and are often played outside of television race coverage. Before 2010, when he was replaced by Ben Yannette, Gene Hackman's voice could be heard on many commercial advertisements for Lowe's.
All-American Muslim advertising controversy
Lowe's withdrew its advertising from the TLC reality television show All-American Muslim in December 2011. A spokesperson for Lowe's said, "we understand the program raised concerns, complaints, or issues from multiple sides of the viewer spectrum, which we found after doing research of news articles and blogs covering the show".
Lowe's faced a backlash from several quarters, including Muslim-American and Arab-American organizations. The American-Arab Anti-Discrimination Committee called upon members to contact Lowe's to urge it to reverse its position. The Los Angeles chapter of the Council on American-Islamic Relations met to consider possible actions, including boycotts and protests. Several celebrities also called for a boycott. California State Senator Ted Lieu called Lowe's decision "naked religious bigotry" and said he would consider legislative action if Lowe's did not apologize to Muslim Americans and reinstate the ads. Abraham Foxman of the Anti-Defamation League expressed similar views. Keith Ellison, the first Muslim elected to the United States Congress, criticized Lowe's decision to "uphold the beliefs of a fringe hate group and not the creed of the First Amendment". Representative John Conyers of Michigan called on Lowe's to apologize. Michigan state representative Rashida Tlaib contacted the company's corporate headquarters, reporting that Lowe's declined to change its decision.
Associated brands
Kobalt tools
allen+roth
Canada
Lowe's opened its first three stores in Canada on December 10, 2007, in Hamilton, Brampton, and Brantford. On February 1, 2008, they opened three more stores in Toronto, East Gwillimbury, and a second store in Brampton, as well as a new location in Maple (Vaughan). Lowe's also expanded into western Canada, starting with three new stores in Calgary, Alberta. One of the three locations opened in late September 2010. The other two opened in early 2011.
In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO.
On May 11, 2015, Lowe's Canada announced that it would acquire the leases of 13 former Target Canada stores, as well as an Ontario distribution centre, for $151 million.
In 2012, Lowe's attempted to buy Rona, Inc., a Quebec-based hardware chain. However, the deal was met with objections from RONA shareholders (particularly the Caisse de dépôt et placement du Québec) and operators of its franchised locations over concerns that the company could centralize its supply operations in the United States, and was eventually called off. On February 3, 2016, Rona announced that it had accepted an offer to be acquired by Lowe's for CDN$3.2 billion, pending regulatory and shareholder approval. The division would remain under the leadership of Prud'homme, but would be operated out of Rona's headquarters in Boucherville. Lowe's maintained Rona's retail banners, "key" executives, and the "vast majority of its current employees" after the acquisition.
In February 2020, Lowe's closed 34 low-performance stores, 26 that were under the Rona brand, six Lowe's stores, and two Réno-Dépôt stores.
In November 2022, Lowe's agreed to sell its Canadian operations to the private equity firm Sycamore Partners for $400 million. with the Lowe's stores expected to be rebranded under the Rona brand in the future. The sale was completed on February 3, 2023. In July 2023, Rona announced that it would begin to replace Lowe's with the new banner Rona+, beginning with 10 locations in Ontario.
Australia
Trading as Masters Home Improvement, the first store opened in Braybrook, Victoria, to tradesmen on August 31, 2011, and later to the general public. Masters was a joint venture between Lowe's and Woolworths to compete against Bunnings, which operates in the large bigbox format similar to Lowe's and Home Depot.
In January 2016, Woolworths announced that it intended to either sell or wind up all its home improvement areas, including the Masters hardware chain. Chairman Gordon Cairns said that it would take years to become profitable and that the ongoing losses could not be sustained. The windup involved Woolworths buying back a 33.3 per cent interest in the venture, held by the Lowe's subsidiary WDR Delaware Corporation. The last stores closed in December 2016.
Lawsuits
Lowe's was involved in a small cluster of class action lawsuits that revolved around the employee payment system. The cases focused on a pay practice known as "variable rate overtime". Variable-rate overtime has the effect of paying a decreasing overtime rate the more hours a person works in a week. The suits alleged that salaried managers who worked 40 to 50 hours per week were improperly compensated for that time. The variable rate overtime ended in the first quarter of 2006.
The first case was filed in October 2002 by employees of the Lowe's store in Shawnee, Kansas. In September 2005, the cases were certified as a class action. Four similar briefs were filed in New York, Indiana, Pennsylvania, and Ohio. The lawsuits for New York, Indiana, and Kansas resulted in an out-of-court settlement on September 22, 2006. The lawsuit in Pennsylvania became a class-action lawsuit in June 2004, with 550 employees. The case in Ohio was filed by ten former Lowe's employees in August 2004.
Lowe's faced multiple lawsuits from its Loss Prevention Managers citing that they were classified as exempt employees and therefore denied overtime pay. The managers asserted that they were forced to work a minimum of 48 hours per week which saved Lowe's and its investors millions of dollars every year. Lawsuits have been settled for $2.95 million in California and $6.2 million in Texas.
In 2014, Lowe's faced a class-action lawsuit from former and current Human Resource Managers. Similarly to the lawsuit regarding its Loss Prevention Managers, the lawsuit stated that the HR Managers were improperly, and illegally, classified as exempt employees and were, therefore, denied overtime even though they were required to work 48-hour weeks.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LOW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 15.5 | · | · | · | |
| P/S (TTM) | 1.1 | · | 1.3 | Fair value | |
| P/B (MRQ) | -13.9 | · | · | · | |
| Price / FCF | 13.5 | · | · | · | |
| Price / Cash Flow | 10.4 | · | · | · | |
| Price / Tangible Book (MRQ) | -7.8 | · | · | · | |
| PEG Ratio | ≈1.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LOW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 33.1% | · | 33.4% | Weak | |
| Operating Margin (TTM) | 11.4% | · | 11.8% | Top tier | |
| EBITDA Margin | 14.3% | · | 11.8% | Top tier | |
| Pretax Margin (TTM) | 9.7% | · | 11.1% | In line | |
| Net Profit Margin (TTM) | 7.3% | · | 8.5% | In line | |
| ROA | 13.7% | · | 8.8% | Top tier | |
| ROE | -62.4% | · | -7.1% | Weak | |
| ROIC | -77.9% | · | -9.2% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LOW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.1 | · | 1.2 | Low liquidity | |
| Quick Ratio (MRQ) | 0.2 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LOW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.1% | · | · | · | |
| Revenue CAGR 3Y | -3.9% | · | · | · | |
| Revenue CAGR 5Y | -0.75% | · | · | · | |
| EPS YoY | -3.1% | · | · | · | |
| Net Income YoY | -4.4% | · | · | · | |
| EPS CAGR 3Y | 5.2% | · | · | · | |
| EPS CAGR 5Y | 8.9% | · | · | · | |
| Net Income CAGR 3Y | 1.1% | · | · | · | |
| Net Income CAGR 5Y | 2.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LOW | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.8 | · | 1.3 | Top tier | |
| Inventory Turnover | 3.3 | · | · | · | |
| Receivables Turnover | 145.8 | · | · | · | |
| Revenue / Employee | ≈$287.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jul 22, 2026 | $1.25 | USD | ≈2.4% |
| Apr 22, 2026 | $1.20 | USD | ≈2.0% |
| Jan 21, 2026 | $1.20 | USD | ≈1.7% |
| Oct 22, 2025 | $1.20 | USD | ≈1.9% |
| Jul 23, 2025 | $1.20 | USD | ≈2.0% |
| Apr 23, 2025 | $1.15 | USD | ≈2.1% |
| Jan 22, 2025 | $1.15 | USD | ≈1.8% |
| Oct 23, 2024 | $1.15 | USD | ≈1.7% |
| Jul 24, 2024 | $1.15 | USD | ≈1.9% |
| Apr 23, 2024 | $1.10 | USD | ≈1.9% |
| Jan 23, 2024 | $1.10 | USD | ≈2.0% |
| Oct 24, 2023 | $1.10 | USD | ≈2.3% |
| Jul 25, 2023 | $1.10 | USD | ≈1.8% |
| Apr 25, 2023 | $1.05 | USD | ≈2.0% |
| Jan 24, 2023 | $1.05 | USD | ≈1.9% |
| Oct 18, 2022 | $1.05 | USD | ≈1.9% |
| Jul 19, 2022 | $1.05 | USD | ≈1.8% |
| Apr 19, 2022 | $0.80 | USD | ≈1.6% |
| Jan 18, 2022 | $0.80 | USD | ≈1.3% |
| Oct 19, 2021 | $0.80 | USD | ≈1.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2027 | Aug 19, 2026 | $4.40 | $4.27 | 3.1% |
| March 31, 2027 | May 20, 2026 | $3.03 | $3.00 | 0.92% |
| Sept. 30, 2026 | $4.40 | $4.27 | 3.1% | |
| June 30, 2026 | $3.03 | $3.00 | 0.92% | |
| March 31, 2026 | $1.98 | $1.96 | 0.85% | |
| Dec. 31, 2025 | $3.06 | $3.00 | 2.1% | |
| Sept. 30, 2025 | $4.33 | $4.29 | 1.0% | |
| June 30, 2025 | $2.92 | $2.91 | 0.49% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.29B | $83.67B | $86.38B | $97.06B | $96.25B | $89.60B | $72.15B | $71.31B | $68.62B | $65.02B | $59.07B | $56.22B | |
| Cost of Revenue | $57.40B | $55.80B | $57.53B | $64.80B | $64.19B | $60.02B | $49.20B | $48.40B | $46.19B | $43.34B | $38.50B | $36.66B | |
| Gross Profit | $28.89B | $27.88B | $28.84B | $32.26B | $32.06B | $29.57B | $22.94B | $22.91B | $22.43B | $21.67B | $20.57B | $19.56B | |
| SG&A Expense | $16.79B | $15.68B | $15.57B | $20.33B | $18.30B | $18.53B | $15.37B | $17.41B | $14.44B | $14.38B | $14.11B | $13.27B | |
| Operating Expenses | · | · | · | · | · | · | · | · | · | · | $16.15B | $15.28B | |
| Operating Income | $10.15B | $10.47B | $11.56B | $10.16B | $12.09B | $9.65B | $6.31B | $4.02B | $6.59B | $5.85B | $4.97B | $4.79B | |
| Pretax Income | $8.75B | $9.15B | $10.18B | $9.04B | $11.21B | $7.74B | $5.62B | $3.39B | $5.49B | $5.20B | $4.42B | $4.28B | |
| Income Tax | $2.09B | $2.20B | $2.45B | $2.60B | $2.77B | $1.90B | $1.34B | $1.08B | $2.04B | $2.11B | $1.87B | $1.58B | |
| Net Income | $6.65B | $6.96B | $7.73B | $6.44B | $8.44B | $5.83B | $4.28B | $2.31B | $3.45B | $3.09B | $2.55B | $2.70B | |
| EPS (Basic) | $11.87 | $12.25 | $13.23 | $10.20 | $12.07 | $7.77 | $5.49 | $2.84 | $4.09 | $3.48 | $2.73 | $2.71 | |
| EPS (Diluted) | $11.85 | $12.23 | $13.20 | $10.17 | $12.04 | $7.75 | $5.49 | $2.84 | $4.09 | $3.47 | $2.73 | $2.71 | |
| Shares (Basic) | 559,000,000 | 567,000,000 | 582,000,000 | 629,000,000 | 696,000,000 | 748,000,000 | 777,000,000 | 811,000,000 | 839,000,000 | 880,000,000 | 927,000,000 | 988,000,000 | |
| Shares (Diluted) | 560,000,000 | 568,000,000 | 584,000,000 | 631,000,000 | 699,000,000 | 750,000,000 | 778,000,000 | 812,000,000 | 840,000,000 | 881,000,000 | 929,000,000 | 990,000,000 | |
| EBITDA | $12.35B | $12.44B | $13.48B | $12.14B | $13.97B | $11.24B | $7.72B | $5.62B | $8.13B | $7.44B | · | · |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $982M | $1.76B | $921M | $1.35B | $1.13B | $4.69B | $716M | $511M | $588M | $558M | $405M | $466M | |
| Short-term Investments | $370M | $372M | $307M | $384M | $271M | $506M | $160M | $218M | $102M | $100M | $307M | $125M | |
| Receivables | $1.09B | $94M | · | · | · | · | · | · | · | · | · | · | |
| Inventory | $17.30B | $17.41B | $16.89B | $18.53B | $17.61B | $16.19B | $13.18B | $12.56B | $11.39B | $10.46B | $9.46B | $8.91B | |
| Other Current Assets | $1.21B | $722M | $949M | $1.18B | $1.05B | $937M | $1.26B | $938M | $689M | $884M | $391M | $349M | |
| Current Assets | $20.95B | $20.36B | $19.07B | $21.44B | $20.06B | $22.33B | $15.32B | $14.23B | $12.77B | $12.00B | $10.56B | $9.85B | |
| PP&E (Net) | · | · | $17.65B | $17.57B | $19.07B | $19.16B | $18.77B | $18.43B | $19.72B | $19.95B | $19.58B | $20.03B | |
| PP&E (Gross) | · | · | · | $34.91B | $36.96B | $36.70B | $36.08B | $35.86B | $36.94B | $36.92B | $35.91B | $35.44B | |
| Accum. Depreciation | · | · | · | $17.34B | $17.89B | $17.55B | $17.31B | $17.43B | $17.22B | $16.97B | $16.34B | $15.41B | |
| Goodwill | $3.94B | $311M | $311M | $311M | $311M | $311M | $303M | $303M | $1.31B | $1.08B | $154M | $154M | |
| Intangibles | $5.91B | $277M | · | $169M | $388M | · | · | · | · | · | · | · | |
| Other Non-current Assets | $352M | $248M | $838M | $810M | $1.04B | $882M | $905M | $995M | $915M | $789M | $511M | $1.35B | |
| Total Assets | $54.14B | $43.10B | $41.80B | $43.71B | $44.64B | $46.73B | $39.47B | $34.51B | $35.29B | $34.41B | $31.27B | $31.72B | |
| Accounts Payable | $9.76B | $9.29B | $8.70B | $10.52B | $11.35B | $10.88B | $7.66B | $8.28B | $6.59B | $6.65B | $5.63B | $5.12B | |
| Short-term Debt | $0 | · | $0 | $499M | $0 | $0 | $1.94B | $722M | $1.14B | $510M | $43M | $0 | |
| Current Liabilities | $19.46B | $18.76B | $15.57B | $19.51B | $19.67B | $18.73B | $15.18B | $14.50B | $12.10B | $11.97B | $10.49B | $9.35B | |
| Capital Leases | $4.04B | $3.63B | $3.74B | $3.51B | $4.02B | $3.89B | $3.94B | $709M | $846M | $815M | $492M | $356M | |
| Deferred Tax | $1.04B | $0 | · | · | · | · | · | · | · | · | · | $97M | |
| Other Non-current Liabilities | $764M | $779M | $931M | $862M | $781M | $991M | $712M | $1.15B | $955M | $843M | $846M | $869M | |
| Total Liabilities | $64.06B | $57.33B | $56.84B | $57.96B | $49.46B | $45.30B | $37.50B | $30.86B | $29.42B | $27.97B | $23.61B | $21.75B | |
| Long-term Debt | $39.82B | $35.32B | $35.77B | $33.27B | $24.29B | · | · | · | · | · | · | · | |
| Total Debt | · | · | $0 | $499M | $0 | $0 | $1.94B | $722M | $1.14B | $510M | $43M | $0 | |
| Retained Earnings | $-10.84B | $-14.80B | $-15.64B | $-14.86B | $-5.12B | $1.12B | $1.73B | $3.45B | $5.42B | $6.24B | $7.59B | $9.59B | |
| AOCI | $271M | $288M | $300M | $307M | $-36M | $-136M | $-136M | $-209M | $11M | $-240M | $-394M | $-103M | |
| Stockholders' Equity | $-9.92B | $-14.23B | $-15.05B | $-14.25B | $-4.82B | $1.44B | $1.97B | $3.64B | $5.87B | $6.43B | $7.65B | $9.97B | |
| Liabilities + Equity | $54.14B | $43.10B | $41.80B | $43.71B | $44.64B | $46.73B | $39.47B | $34.51B | $35.29B | $34.41B | $31.27B | $31.72B | |
| Shares Outstanding | 561,000,000 | 560,000,000 | 574,000,000 | 601,000,000 | 670,000,000 | 731,000,000 | 763,000,000 | 801,000,000 | 830,000,000 | 866,000,000 | 910,000,000 | 960,000,000 |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2.19B | $1.97B | $1.92B | $1.98B | $1.88B | $1.59B | $1.41B | $1.61B | $1.54B | $1.59B | $1.59B | $1.59B | |
| Stock-based Comp | $247M | $221M | $210M | $223M | $230M | $155M | $98M | $74M | $99M | $90M | $117M | $119M | |
| Deferred Tax | $264M | $8M | $5M | $-188M | $140M | $-99M | $139M | $-157M | $56M | $9M | $-63M | $-118M | |
| Amort. of Intangibles | $140M | $13M | $13M | $28M | $32M | $59M | $39M | · | · | · | · | · | |
| Restructuring | · | · | · | · | · | · | · | · | · | $47M | $34M | $14M | |
| Other Non-cash | $505M | $467M | $-1.72B | $136M | $-581M | $3.56B | $-1.63B | $2.35B | $-77M | $837M | · | · | |
| Operating Cash Flow | $9.86B | $9.62B | $8.14B | $8.59B | $10.11B | $11.05B | $4.30B | $6.19B | $5.07B | $5.62B | $4.78B | $4.93B | |
| CapEx | $2.21B | $1.93B | $1.96B | $1.83B | $1.85B | $1.79B | $1.48B | $1.17B | $1.12B | $1.17B | $1.20B | $880M | |
| Investing Cash Flow | $-12.26B | $-1.74B | $-1.90B | $-1.31B | $-1.65B | $-1.89B | $-1.37B | $-1.08B | $-1.44B | $-3.36B | $-1.34B | · | |
| Debt Issued | · | · | · | · | · | · | $3.97B | $0 | $2.97B | $3.27B | $1.72B | $1.24B | |
| Net Debt Issued | · | · | · | · | · | · | $2.86B | $-326M | $119M | $2.09B | $1.17B | $1.19B | |
| Stock Repurchased | $211M | $4.05B | $6.14B | $14.12B | $13.01B | $4.97B | $4.31B | $3.04B | $3.19B | $3.60B | $3.92B | $3.90B | |
| Net Stock Activity | $-211M | $-4.05B | $-6.14B | $-14.12B | $-13.01B | $-4.97B | $-4.31B | $-3.04B | $-3.19B | $-3.60B | $-3.92B | $-3.90B | |
| Dividends Paid | $2.64B | $2.57B | $2.53B | $2.37B | $1.98B | $1.70B | $1.62B | $1.46B | $1.29B | $1.12B | $957M | $822M | |
| Financing Cash Flow | $1.62B | $-7.05B | $-6.67B | $-7.05B | $-12.02B | $-5.19B | $-2.73B | $-5.12B | $-3.61B | $-2.09B | $-3.49B | · | |
| Net Change in Cash | $-779M | $840M | $-427M | $215M | $-3.56B | $3.97B | $205M | $-77M | $30M | $153M | $-61M | $75M | |
| Taxes Paid | $2.50B | $1.65B | $3.70B | $1.72B | $2.73B | $1.59B | $1.42B | $1.32B | $1.67B | $2.22B | $2.06B | $1.53B | |
| Free Cash Flow | $7.65B | $7.70B | $6.18B | $6.76B | $8.26B | $9.26B | $2.81B | $5.02B | $3.94B | $4.45B | $3.59B | $4.05B |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.5% | 33.3% | 33.4% | 33.2% | 33.3% | 33.0% | 31.8% | 32.1% | 34.1% | 34.5% | 34.8% | 34.8% | |
| Operating Margin | 11.8% | 12.5% | 13.4% | 10.5% | 12.6% | 10.8% | 8.8% | 5.6% | 9.6% | 9.0% | · | · | |
| Net Margin | 7.7% | 8.3% | 8.9% | 6.6% | 8.8% | 6.5% | 5.9% | 3.2% | 5.0% | 4.8% | 4.3% | 4.8% | |
| Pretax Margin | 10.1% | 10.9% | 11.8% | 9.3% | 11.6% | 8.6% | 7.8% | 4.8% | 8.0% | 8.0% | 7.5% | 7.6% | |
| EBITDA Margin | 14.3% | 14.9% | 15.6% | 12.5% | 14.5% | 12.6% | 10.7% | 7.9% | 11.8% | 11.4% | · | · | |
| ROA | 13.7% | 15.8% | 18.3% | 14.2% | 17.9% | 12.0% | 10.8% | 6.5% | 9.6% | 8.9% | 7.8% | 8.2% | |
| ROE | -62.4% | -50.3% | -51.2% | -47.5% | -264.1% | 211.8% | 193.3% | 51.2% | 59.4% | 47.4% | 31.8% | 26.1% | |
| ROIC | -77.9% | -55.9% | -58.3% | -52.6% | -189.1% | 506.2% | 122.8% | 62.7% | 59.0% | 50.1% | · | · |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.1 | 1.2 | 1.1 | 1.0 | 1.2 | 1.0 | 1.0 | 1.1 | 1.0 | 1.0 | 1.1 | |
| Quick Ratio | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| Debt / Equity | · | · | 0.0 | -0.0 | 0.0 | 0.0 | 1.0 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.8 | 1.9 | 2.0 | 2.1 | 2.0 | 1.8 | 1.8 | 2.0 | 1.9 | 1.9 | 1.8 | 1.7 | |
| Inventory Turnover | 3.3 | 3.2 | 3.3 | 3.4 | 3.7 | 3.8 | 3.7 | 3.9 | 3.8 | 4.0 | 3.9 | 3.9 | |
| Receivables Turnover | 145.8 | · | · | · | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-17.68 | $-25.41 | $-26.22 | $-23.72 | $-7.19 | $1.97 | $2.58 | $4.55 | $7.08 | $7.43 | $8.41 | $10.38 | |
| Revenue / Share | $154.08 | $147.31 | $147.91 | $153.82 | $137.70 | $119.46 | $92.74 | $87.82 | $81.69 | $73.80 | $63.59 | $56.79 | |
| Cash Flow / Share | $17.61 | $16.95 | $13.94 | $13.61 | $14.47 | $14.73 | $5.52 | $7.63 | $6.03 | $6.38 | $5.15 | $4.98 | |
| Cash / Share | $1.75 | $3.14 | $1.60 | $2.24 | $1.69 | $6.42 | $0.94 | $0.64 | $0.71 | $0.64 | $0.45 | $0.49 | |
| Dividend / Share | $4.75 | $4.55 | $4.35 | $3.95 | $3.00 | $2.30 | $2.13 | $1.85 | $1.58 | $1.33 | $1.07 | $0.87 | |
| EPS (TTM) | $11.85 | $12.23 | $13.20 | $10.17 | $12.04 | $7.75 | $5.49 | $2.84 | $4.09 | $3.47 | $2.73 | $2.71 |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.1% | -3.1% | -11.0% | 0.84% | 7.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -3.9% | -4.6% | -1.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -0.75% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -3.1% | -7.3% | 29.8% | -15.5% | 55.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 5.2% | 0.52% | 19.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 8.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -4.4% | -10.0% | 20.0% | -23.8% | 44.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 1.1% | -6.2% | 9.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 2.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 9.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $86.29B | $83.67B | $86.38B | $97.06B | $96.25B | $89.60B | $72.15B | $71.31B | $68.62B | $65.02B | $59.07B | $56.22B | |
| Net Income TTM | $6.65B | $6.96B | $7.73B | $6.44B | $8.44B | $5.83B | $4.28B | $2.31B | $3.45B | $3.09B | $2.55B | $2.70B | |
| Market Cap | $149.82B | $145.62B | $125.99B | $129.80B | $157.44B | $121.97B | $88.69B | $77.79B | $84.25B | $63.47B | $65.21B | $65.05B | |
| Enterprise Value | · | · | $124.76B | $128.56B | $156.04B | $116.77B | $89.76B | $77.78B | $84.69B | $63.32B | $64.54B | $64.46B | |
| P/E | 22.5 | 21.3 | 16.6 | 21.2 | 19.5 | 21.5 | 21.2 | 34.2 | 24.8 | 21.1 | 26.2 | 25.0 | |
| P/S | 1.7 | 1.7 | 1.5 | 1.3 | 1.6 | 1.4 | 1.2 | 1.1 | 1.2 | 1.0 | 1.1 | 1.2 | |
| P/B | -15.1 | -10.2 | -8.4 | -9.1 | -32.7 | 84.9 | 45.0 | 21.3 | 14.3 | 9.9 | 8.5 | 6.5 | |
| P / Tangible Book | · | · | · | · | · | 108.3 | · | · | · | · | · | · | |
| P / Cash Flow | 15.2 | 15.1 | 15.5 | 15.1 | 15.6 | 11.0 | 20.6 | 12.6 | 16.6 | 11.3 | 13.6 | 13.2 | |
| P / FCF | 19.6 | 18.9 | 20.4 | 19.2 | 19.1 | 13.2 | 31.5 | 15.5 | 21.4 | 14.3 | 18.2 | 16.1 | |
| EV / EBITDA | · | · | 9.3 | 10.6 | 11.2 | 10.4 | 11.6 | 13.8 | 10.4 | 8.5 | · | · | |
| EV / FCF | · | · | 20.2 | 19.0 | 18.9 | 12.6 | 31.9 | 15.5 | 21.5 | 14.2 | 18.0 | 15.9 | |
| EV / Revenue | · | · | 1.4 | 1.3 | 1.6 | 1.3 | 1.2 | 1.1 | 1.2 | 1.0 | 1.1 | 1.1 | |
| Dividend Yield | 1.8% | 1.8% | 2.0% | 1.8% | 1.3% | 1.4% | 1.8% | 1.9% | 1.5% | 1.8% | 1.5% | 1.3% | |
| Earnings Yield | 4.4% | 4.7% | 6.0% | 4.7% | 5.1% | 4.6% | 4.7% | 2.9% | 4.0% | 4.7% | 3.8% | 4.0% | |
| Payout Ratio | 39.6% | 36.9% | 32.8% | 36.8% | 23.5% | 29.2% | 37.8% | 62.9% | 37.4% | 36.3% | 37.6% | 30.5% | |
| Annual Payout | $2.64B | $2.57B | $2.53B | $2.37B | $1.98B | $1.70B | $1.62B | $1.46B | $1.29B | $1.12B | $957M | $822M |
Income Statement
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.96B | $20.59B | $20.81B | $20.93B | $18.55B | $23.59B | $21.36B | $16.73B | $20.47B | $24.96B | $22.35B | $22.45B | $23.48B | |
| Cost of Revenue | $17.38B | $13.90B | $13.70B | $13.94B | $12.46B | $15.69B | $14.27B | $11.34B | $13.58B | $16.56B | $14.82B | $15.19B | $15.66B | |
| Gross Profit | $8.58B | $6.68B | $7.12B | $6.99B | $6.10B | $7.89B | $7.09B | $5.39B | $6.89B | $8.40B | $7.53B | $7.26B | $7.82B | |
| SG&A Expense | $4.46B | $4.41B | $4.16B | $4.05B | $3.82B | $4.03B | $4.01B | $3.84B | $3.76B | $4.09B | $3.82B | $5.13B | $6.44B | |
| Operating Income | $3.55B | $1.71B | $2.48B | $2.49B | $1.83B | $3.45B | $2.65B | $1.09B | $2.70B | $3.89B | $3.29B | $1.70B | $924M | |
| Pretax Income | $3.17B | $1.30B | $2.13B | $2.16B | $1.50B | $3.13B | $2.30B | $752M | $2.35B | $3.54B | $2.94B | $1.38B | $629M | |
| Income Tax | $776M | $304M | $513M | $516M | $378M | $747M | $546M | $219M | $578M | $872M | $679M | $425M | $475M | |
| Net Income | $2.40B | $1.00B | $1.62B | $1.64B | $1.12B | $2.38B | $1.75B | $533M | $1.77B | $2.67B | $2.26B | $958M | $154M | |
| EPS (Basic) | $4.28 | $1.78 | $2.88 | $2.93 | $2.01 | $4.18 | $3.06 | $1.11 | $3.07 | $4.56 | $3.78 | $1.75 | $0.25 | |
| EPS (Diluted) | $4.27 | $1.78 | $2.88 | $2.92 | $2.01 | $4.17 | $3.06 | $1.10 | $3.06 | $4.56 | $3.77 | $1.74 | $0.25 | |
| Shares (Basic) | 559,000,000 | · | 559,000,000 | 559,000,000 | · | 568,000,000 | 571,000,000 | · | 576,000,000 | 584,000,000 | 596,000,000 | · | 618,000,000 | |
| Shares (Diluted) | 560,000,000 | · | 560,000,000 | 560,000,000 | · | 570,000,000 | 572,000,000 | · | 577,000,000 | 585,000,000 | 597,000,000 | · | 620,000,000 | |
| EBITDA | $3.55B | · | $2.48B | $3.00B | · | $3.45B | $3.14B | · | $2.70B | $3.89B | $3.75B | · | $924M |
Balance Sheet
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.17B | $982M | $621M | $3.05B | $1.76B | $4.36B | $3.24B | · | $1.21B | $3.49B | $2.95B | · | $3.19B | |
| Short-term Investments | $235M | $370M | $412M | $368M | $372M | $330M | $264M | · | $321M | $374M | $423M | · | $464M | |
| Receivables | $1.24B | $1.09B | $1.22B | · | $94M | · | · | · | · | · | · | · | · | |
| Inventory | $17.74B | $17.30B | $17.18B | $18.34B | $17.41B | $16.84B | $18.22B | · | $17.53B | $17.42B | $19.52B | · | $19.82B | |
| Other Current Assets | $960M | $1.21B | $788M | $918M | $722M | $806M | $1.02B | · | $907M | $946M | $1.02B | · | $1.52B | |
| Current Assets | $23.34B | $20.95B | $20.22B | $22.68B | $20.36B | $22.34B | $22.75B | · | $19.97B | $22.24B | $23.92B | · | $24.99B | |
| PP&E (Net) | · | · | · | · | · | $17.52B | $17.53B | · | $17.53B | $17.37B | $17.40B | · | $17.27B | |
| Goodwill | $3.96B | $3.94B | $3.98B | · | $311M | · | · | $311M | · | · | · | · | · | |
| Intangibles | $5.71B | $5.91B | $5.99B | · | $277M | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $347M | $352M | $323M | $844M | $248M | $787M | $834M | · | $859M | $850M | $840M | · | $831M | |
| Total Assets | $55.88B | $54.14B | $53.45B | $45.37B | $43.10B | $44.93B | $45.37B | · | $42.52B | $44.52B | $45.92B | · | $46.97B | |
| Accounts Payable | $11.08B | $9.76B | $10.24B | $11.23B | $9.29B | $10.34B | $11.74B | · | $9.91B | $10.33B | $11.88B | · | $12.25B | |
| Short-term Debt | · | · | · | · | · | · | $0 | · | $0 | $0 | $72M | · | $0 | |
| Current Liabilities | $21.13B | $19.46B | $19.45B | $22.39B | $18.76B | $18.25B | $19.51B | · | $16.50B | $17.61B | $19.21B | · | $20.88B | |
| Capital Leases | $3.73B | $4.04B | $4.07B | $3.67B | $3.63B | $3.74B | $3.76B | · | $3.60B | $3.61B | $3.48B | · | $4.05B | |
| Deferred Tax | $1.20B | $1.04B | $808M | · | $0 | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $794M | $764M | $735M | $762M | $779M | $798M | $859M | · | $966M | $960M | $869M | · | $829M | |
| Total Liabilities | $63.32B | $64.06B | $63.84B | $58.63B | $57.33B | $58.70B | $59.97B | · | $57.67B | $59.25B | $60.63B | · | $59.84B | |
| Long-term Debt | · | $39.82B | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | · | · | · | · | · | · | · | · | $0 | $0 | $72M | · | $0 | |
| Retained Earnings | $-8.19B | $-10.84B | $-11.16B | $-13.83B | $-14.80B | $-14.34B | $-15.19B | · | $-15.74B | $-15.34B | $-15.31B | · | $-13.31B | |
| AOCI | $262M | $271M | $275M | $286M | $288M | $295M | $296M | · | $302M | $306M | $304M | · | $140M | |
| Stockholders' Equity | $-7.44B | $-9.92B | $-10.38B | $-13.25B | $-14.23B | $-13.76B | $-14.61B | $-15.05B | $-15.15B | $-14.73B | $-14.71B | $-14.25B | $-12.87B | |
| Liabilities + Equity | $55.88B | $54.14B | $53.45B | $45.37B | $43.10B | $44.93B | $45.37B | · | $42.52B | $44.52B | $45.92B | · | $46.97B | |
| Shares Outstanding | 561,000,000 | 561,000,000 | 561,000,000 | 560,000,000 | 560,000,000 | 568,000,000 | 572,000,000 | 574,000,000 | 575,000,000 | 582,000,000 | 592,000,000 | 601,000,000 | 611,000,000 |
Cash Flow
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $572M | $637M | $535M | $507M | $511M | $423M | $486M | $496M | $486M | $427M | $465M | $472M | $502M | |
| Stock-based Comp | · | $70M | $60M | $58M | $57M | · | $55M | $50M | $47M | · | $59M | $58M | $55M | |
| Amort. of Intangibles | $98M | · | · | $3M | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | · | · | $1.17B | · | · | $1.97B | · | · | · | $-678M | · | · | |
| Operating Cash Flow | · | $1.57B | $687M | $3.38B | $911M | · | $4.26B | $1.11B | $1.06B | · | $2.11B | $451M | $2.13B | |
| CapEx | · | $603M | $597M | $518M | $548M | · | $382M | $620M | $579M | · | $380M | $739M | $403M | |
| Investing Cash Flow | · | $-577M | $-9.34B | $-533M | $-418M | · | $-378M | $-595M | $-591M | · | $-304M | $-194M | $-406M | |
| Stock Repurchased | · | $0 | $98M | $112M | $1.37B | · | $923M | $201M | $1.58B | · | $2.11B | $2.00B | $4.00B | |
| Net Stock Activity | · | · | · | $-112M | · | · | $-923M | · | · | · | $-2.11B | · | · | |
| Dividends Paid | · | $673M | $673M | $645M | $650M | · | $633M | $632M | $642M | · | $633M | $643M | $666M | |
| Financing Cash Flow | · | $-629M | $4.42B | $-1.55B | $-2.00B | · | $-1.57B | $-802M | $-2.76B | · | $-200M | $-2.12B | $22M | |
| Net Change in Cash | · | $361M | $-4.24B | $1.29B | $-1.51B | · | $2.32B | $-289M | $-2.28B | · | $1.60B | $-1.84B | $1.71B | |
| Taxes Paid | · | $355M | $1.49B | $45M | $264M | · | $29M | $537M | $598M | · | $1.23B | $180M | $125M | |
| Free Cash Flow | · | · | · | $2.86B | · | · | $3.88B | · | · | · | $1.73B | · | · |
Profitability
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.0% | · | 34.2% | 33.4% | · | 33.5% | 33.2% | · | 33.7% | 33.7% | 33.7% | · | 33.3% | |
| Operating Margin | 13.7% | · | 11.9% | 11.9% | · | 14.6% | 12.4% | · | 13.2% | 15.6% | 14.7% | · | 3.9% | |
| Net Margin | 9.2% | · | 7.8% | 7.8% | · | 10.1% | 8.2% | · | 8.7% | 10.7% | 10.1% | · | 0.66% | |
| Pretax Margin | 12.2% | · | 10.2% | 10.3% | · | 13.3% | 10.8% | · | 11.5% | 14.2% | 13.2% | · | 2.7% | |
| EBITDA Margin | 13.7% | · | 11.9% | 14.3% | · | 14.6% | 14.7% | · | 13.2% | 15.6% | 16.8% | · | 3.9% | |
| ROA | 4.7% | · | 3.3% | · | · | · | · | · | 4.0% | 5.9% | 4.7% | · | 0.32% | |
| ROE | -25.5% | · | -13.6% | · | · | · | · | · | -12.7% | -23.1% | -20.9% | · | -2.1% | |
| ROIC | -36.1% | · | -18.1% | · | · | · | · | · | -13.4% | -19.9% | -17.3% | · | -1.8% |
Liquidity & Solvency
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | · | 1.0 | · | · | · | · | · | 1.2 | 1.3 | 1.2 | · | 1.2 | |
| Quick Ratio | 0.2 | · | 0.1 | · | · | · | · | · | 0.1 | 0.2 | 0.2 | · | 0.2 | |
| Debt / Equity | · | · | · | · | · | · | · | · | 0.0 | 0.0 | -0.0 | · | 0.0 |
Efficiency
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.4 | · | · | · | · | · | 0.5 | 0.5 | 0.5 | · | 0.5 | |
| Inventory Turnover | 1.0 | · | 0.8 | · | · | · | · | · | 0.7 | 0.9 | 0.7 | · | 0.9 | |
| Receivables Turnover | 41.9 | · | 34.2 | · | · | · | · | · | · | · | · | · | · |
Per Share
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $-13.26 | · | $-18.51 | · | · | · | · | · | $-26.34 | $-25.31 | $-24.85 | · | $-21.06 | |
| Revenue / Share | $46.35 | · | $37.17 | $37.38 | · | $41.38 | $37.35 | · | $35.48 | $42.66 | $37.43 | · | $37.87 | |
| Cash Flow / Share | · | · | · | $6.03 | · | · | $7.45 | · | · | · | $3.53 | · | · | |
| Cash / Share | $5.65 | · | $1.11 | · | · | · | · | · | $2.10 | $6.00 | $4.98 | · | $5.22 | |
| Dividend / Share | $1.25 | $1.20 | $1.20 | $1.15 | $1.15 | $1.15 | $1.10 | $1.15 | $1.10 | $1.10 | $1.05 | $1.05 | $1.05 | |
| EPS (TTM) | $11.83 | · | $12.08 | $12.09 | · | $11.39 | · | · | · | · | · | · | $10.28 |
Valuation (TTM)
| Metric | Trend | Q2 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $90.43B | · | $84.26B | $83.24B | · | $82.15B | · | · | · | · | · | · | $95.95B | |
| Net Income TTM | $6.64B | · | $6.78B | $6.84B | · | $6.44B | · | · | · | · | · | · | $6.69B | |
| Market Cap | $116.58B | · | $133.59B | · | · | · | · | · | $112.09B | $129.86B | $121.84B | · | $121.42B | |
| Enterprise Value | · | · | · | · | · | · | · | · | $110.56B | $125.99B | $118.54B | · | $117.77B | |
| P/E | 17.6 | · | 19.7 | 18.8 | · | 21.1 | · | · | · | · | · | · | 19.3 | |
| P/S | 1.3 | · | 1.6 | · | · | 1.7 | · | · | · | · | · | · | 1.3 | |
| P/B | -15.7 | · | -12.9 | · | · | · | · | · | -7.4 | -8.8 | -8.3 | · | -9.4 | |
| P / Cash Flow | · | · | · | · | · | · | · | · | · | · | 57.9 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | 1.2 | |
| Dividend Yield | · | · | · | · | · | · | · | · | 2.3% | · | · | · | 1.9% | |
| Earnings Yield | 5.7% | · | 5.1% | 5.3% | · | 4.7% | · | · | · | · | · | · | 5.2% | |
| Payout Ratio | · | · | · | 39.3% | · | · | 36.1% | · | · | · | 28.0% | · | · | |
| Annual Payout | · | · | · | · | · | · | · | · | $2.55B | · | · | · | $2.28B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-01-30 | 2025-08-01 | 2025-05-02 | 2025-01-31 | 2024-11-01 |
|---|---|---|---|---|---|
| Revenue | $86.29B | · | · | $83.67B | · |
| Gross Margin % | 33.5% | · | · | 33.3% | · |
| Operating Margin % | 11.8% | · | · | 12.5% | · |
| Net Income | $6.65B | · | · | $6.96B | · |
| Diluted EPS | $11.85 | · | · | $12.23 | · |
| Metric | 2026-01-30 | 2025-08-01 | 2025-05-02 | 2025-01-31 | 2024-11-01 |
|---|---|---|---|---|---|
| Current Ratio | 1.1 | · | · | 1.1 | · |
| Quick Ratio | 0.1 | · | · | 0.1 | · |
| Metric | 2026-01-30 | 2025-08-01 | 2025-05-02 | 2025-01-31 | 2024-11-01 |
|---|---|---|---|---|---|
| Free Cash Flow | $7.65B | · | · | $7.70B | · |
Institutional owners (13F) 2,903 filers · $111.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 152 (-50 vs prior Q) | 162 (+31 vs prior Q) | 916 (-85 vs prior Q) | 1,215 (+68 vs prior Q) | +11.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $13,560,616,594 | 56,230,787 | 12.19% | Shares |
| BlackRock, Inc. | $8,939,927,568 | 40,545,728 | 8.04% | Shares |
| FMR LLC | $8,217,079,363 | 37,267,356 | 7.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,069,627,298 | 36,598,609 | 7.25% | Shares |
| JPMORGAN CHASE & CO | $7,951,626,079 | 36,201,345 | 7.15% | Shares |
| STATE STREET CORP | $5,584,873,453 | 25,329,373 | 5.02% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,204,586,666 | 14,533,932 | 2.88% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,139,463,206 | 14,291,229 | 2.82% | Shares |
| MORGAN STANLEY | $2,210,277,036 | 10,024,383 | 1.99% | Shares |
| WELLS FARGO & COMPANY/MN | $1,831,708,378 | 8,307,444 | 1.65% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,828,951,455 | 8,294,941 | 1.64% | Shares |
| NORGES BANK | $1,823,487,578 | 8,270,160 | 1.64% | Shares |
| NORTHERN TRUST CORP | $1,324,789,468 | 6,008,388 | 1.19% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,308,477,054 | 5,537,824 | 1.18% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1,145,616,773 | 5,224,770 | 1.03% | Shares |
| Invesco Ltd. | $962,887,442 | 4,367,034 | 0.87% | Shares |
| GOLDMAN SACHS GROUP INC | $954,827,416 | 4,330,480 | 0.86% | Shares |
| Bank of New York Mellon Corp | $905,063,210 | 4,104,782 | 0.81% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $835,628,436 | 3,789,870 | 0.75% | Shares |
| FRANKLIN RESOURCES INC | $813,938,829 | 3,691,500 | 0.73% | Shares |
| Legal & General Group Plc | $799,600,814 | 3,626,472 | 0.72% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $774,980,236 | 3,514,809 | 0.70% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $693,520,426 | 3,145,360 | 0.62% | Shares |
| Aristotle Capital Management, LLC | $681,477,448 | 3,090,667 | 0.61% | Shares |
| Amundi | $637,848,377 | 2,892,868 | 0.57% | Shares |
| AMERIPRISE FINANCIAL INC | $623,026,792 | 2,825,309 | 0.56% | Shares |
| UBS Group AG | $560,990,943 | 2,544,292 | 0.50% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $529,665,610 | 2,402,220 | 0.48% | Shares |
| Nuveen, LLC | $511,056,973 | 2,317,824 | 0.46% | Shares |
| ROYAL BANK OF CANADA | $496,929,000 | 2,253,750 | 0.45% | Shares |
| ALLIANCEBERNSTEIN L.P. | $426,249,120 | 1,804,000 | 0.38% | Shares |
| DEUTSCHE BANK AG\ | $349,161,129 | 1,583,569 | 0.31% | Shares |
| Swiss National Bank | $348,312,463 | 1,579,720 | 0.31% | Shares |
| Eurizon Capital SGR S.p.A. | $346,103,348 | 1,570,544 | 0.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $339,041,597 | 1,537,680 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $332,631,214 | 1,508,600 | 0.30% | Call option |
| RAYMOND JAMES FINANCIAL INC | $311,431,218 | 1,412,450 | 0.28% | Shares |
| HSBC HOLDINGS PLC | $308,455,148 | 1,400,968 | 0.28% | Shares |
| SALEM INVESTMENT COUNSELORS INC | $307,871,609 | 1,396,306 | 0.28% | Shares |
| National Pension Service | $306,022,040 | 1,387,918 | 0.28% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $305,897,022 | 1,387,351 | 0.27% | Shares |
| FIRST MANHATTAN CO. LLC. | $290,426,171 | 1,317,185 | 0.26% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $288,021,456 | 1,306,279 | 0.26% | Shares |
| Robeco Institutional Asset Management B.V. | $279,044,868 | 1,265,567 | 0.25% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $277,029,589 | 1,256,427 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $275,303,814 | 1,248,600 | 0.25% | Call option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $271,418,484 | 1,230,979 | 0.24% | Shares |
| JANE STREET GROUP, LLC | $270,938,112 | 1,228,800 | 0.24% | Put option |
| Vanguard Global Advisers, LLC | $268,654,277 | 1,218,442 | 0.24% | Shares |
| LONDON CO OF VIRGINIA | $264,509,895 | 1,199,624 | 0.24% | Shares |
Company insiders 89 insiders · 57 officers · 33 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Marvin R Ellison | Chairman, President & CEO | April 1, 2026 A | 260,460 | 0 | 3 | $-4,701,170 |
| Robert A Niblock | Chairman President & CEO | April 2, 2018 A | 525,372 | 0 | 0 | $0 |
| Robert L Tillman | Chairman and CEO | March 1, 2004 A | 43,500 | 0 | 0 | $0 |
| Brandon J Sink | EVP, Chief Financial Officer | April 1, 2026 A | 27,149 | 0 | 0 | $0 |
| David M Denton | EVP, Chief Financial Officer | April 1, 2022 A | 56,663 | 0 | 0 | $0 |
| Marshall A Croom | EVP, Chief Financial Officer | Sept. 18, 2018 M | 36,654 | 0 | 0 | $0 |
| Robert F Hull JR | Chief Financial Officer | Feb. 27, 2017 A | 125,604 | 0 | 0 | $0 |
| Larry D Stone | President & COO | March 1, 2011 F | 283,041 | 0 | 0 | $0 |
| Richard D Maltsbarger | Chief Operating Officer | April 2, 2018 A | 47,301 | 0 | 0 | $0 |
| Ricky D Damron | Chief Operating Officer | Sept. 15, 2017 F | 42,115 | 0 | 0 | $0 |
| Jennifer Elizabeth Wilson | EVP, Chief Marketing Officer | Sept. 15, 2026 A | 9,157 | 0 | 0 | $0 |
| Adam D Filipponi | EVP, Strategy & Business Dev | Sept. 15, 2026 A | 9,927 | 0 | 0 | $0 |
| Quonta D Vance | EVP, Stores | Sept. 15, 2026 A | 27,335 | 0 | 1 | $-2,670,432 |
| Seemantini Godbole | EVP, CI & AI Officer | Sept. 15, 2026 A | 49,449 | 0 | 0 | $0 |
| Margrethe R Vagell | EVP, Supply Chain | June 18, 2026 S | 20,220 | 0 | 1 | $-559,575 |
| Juliette Williams Pryor | EVP, CLO & Corp. Sec. | June 17, 2026 G | 15,472 | 0 | 1 | $-2,097,384 |
| Janice Dupre Little | EVP, Human Resources | June 16, 2026 M | 39,309 | 0 | 1 | $-3,139,885 |
| Dan Clayton Griggs Jr | SVP, Tax & CAO | April 1, 2026 A | 12,993 | 0 | 0 | $0 |
| William P Boltz | EVP, Merchandising | April 1, 2026 A | 55,234 | 0 | 0 | $0 |
| Joseph Michael Mcfarland | EVP, Stores | April 1, 2026 A | 73,787 | 0 | 0 | $0 |
| Donald Frieson | EVP, Supply Chain | May 26, 2023 S | 18,020 | 0 | 0 | $0 |
| Ross W Mccanless | EVP, GC & Corp. Sec. | April 1, 2023 A | 38,415 | 0 | 0 | $0 |
| Marisa F Thalberg | EVP Chief Brand & Mktg Officer | April 1, 2022 A | 14,793 | 0 | 0 | $0 |
| Jennifer L Weber | EVP, Human Resources | April 1, 2020 A | 28,381 | 0 | 0 | $0 |
| Matthew V Hollifield | SVP Chief Accounting Officer | Sept. 17, 2019 M | 27,555 | 0 | 0 | $0 |
| McDermott Michael P | Chief Customer Officer | April 2, 2018 A | 44,686 | 0 | 0 | $0 |
| Paul D Ramsay | Chief Information Officer | April 2, 2018 A | 13,192 | 0 | 0 | $0 |
| Nelson B Peace | Corp Administration Executive | April 2, 2018 A | 7,871 | 0 | 0 | $0 |
| Michael Anthony Jones | Chief Customer Officer | Sept. 15, 2016 A | 59,965 | 0 | 0 | $0 |
| Maureen K Ausura | EVP Human Resources | March 1, 2016 F | 75,032 | 0 | 0 | $0 |
| Gaither M Keener JR | EVP Legal | March 5, 2015 S | 38,832 | 0 | 0 | $0 |
| Gregory M Bridgeford | Chief Customer Officer | March 15, 2014 M | 290,597 | 0 | 0 | $0 |
| Thomas J Lamb | SVP Marketing & Advertising | March 26, 2012 M | 25,525 | 0 | 0 | $0 |
| Janet M Saura | SVP, Dep Gen Cnsl, Asst Secy | March 14, 2012 M | 16,433 | 0 | 0 | $0 |
| Michael L Reeves | SVP, Dep Gen Cnsl, Asst Secy | March 9, 2012 M | 16,552 | 0 | 0 | $0 |
| Michael K Brown | EVP Chief Information Officer | March 5, 2012 M | 260 | 0 | 0 | $0 |
| William D Robinson | SVP Int'l Oper & Cust Sup Svcs | March 1, 2012 A | 22,959 | 0 | 0 | $0 |
| Joseph Michael Mabry JR | EVP Logistics and Distribution | March 1, 2012 A | 90,419 | 0 | 0 | $0 |
| Robert J Gfeller JR | EVP Merchandising | March 1, 2012 A | 30,952 | 0 | 0 | $0 |
| Todd I Woods | SVP Deputy General Counsel | March 1, 2011 A | 26,355 | 0 | 0 | $0 |
| Charles W Canter JR | EVP Merchandising | Dec. 15, 2010 S | 223,757 | 0 | 0 | $0 |
| Steven M Stone | Chief Information Officer | Dec. 14, 2010 F | 127,172 | 0 | 0 | $0 |
| William W Edwards | SVP Store Operations | March 1, 2006 A | 22,733 | 0 | 0 | $0 |
| James M Frasso | SVP Store Operations | March 1, 2006 A | 22,506 | 0 | 0 | $0 |
| Howard J Johnson | VP Internal Audit | March 1, 2006 A | 9,055 | 0 | 0 | $0 |
| Robert F Wagner | SVP Store Operations | March 1, 2006 A | 26,664 | 0 | 0 | $0 |
| John David Steed | SVP/General Merchandise Manage | March 1, 2006 A | 41,162 | 0 | 0 | $0 |
| Eric D Sowder | SVP Logistics | March 1, 2006 A | 10,637 | 0 | 0 | $0 |
| David E Shelton | SVP Real Estate/Eng & Const | March 1, 2006 A | 101,654 | 0 | 0 | $0 |
| Michael K Menser | SVP/General Merchandise Manage | March 1, 2006 A | 30,842 | 0 | 0 | $0 |
| John R Manna JR | VP/Corporate Controller | March 1, 2006 A | 16,781 | 0 | 0 | $0 |
| John L Kasberger | SVP/General Merchandise Manage | March 1, 2006 A | 40,328 | 0 | 0 | $0 |
| Theresa A Anderson | SVP/General Merchandise Manage | March 1, 2006 A | 44,800 | 0 | 0 | $0 |
| Kenneth W Black JR | Senior Vice President | Dec. 29, 2005 M | 51,526 | 0 | 0 | $0 |
| Dale Pond | Senior EVP Merchandising | June 10, 2005 M | 24,689 | 0 | 0 | $0 |
| Perry G Jennings | SVP Human Resources | March 1, 2004 A | 5,288 | 0 | 0 | $0 |
| Lee A Herring | SVP Distribution | Aug. 1, 2003 A | 2,668 | 0 | 0 | $0 |
| Colleen Taylor | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Lawrence Simkins | Director | Sept. 30, 2026 A | 2,000 | 1 | 0 | $231,060 |
| Laurie Z Douglas | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Richard W Dreiling | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Brian C Rogers | Director | Sept. 30, 2026 A | 10,000 | 0 | 0 | $0 |
| Navdeep Gupta | Director | May 29, 2026 A | · | 0 | 0 | $0 |
| Scott H Baxter | Director | May 29, 2026 A | · | 0 | 0 | $0 |
| Ralph Alvarez | Director | May 29, 2026 A | · | 0 | 0 | $0 |
| West Mary E Stone | Director | May 29, 2026 A | · | 0 | 0 | $0 |
| Bertram L Scott | Director | May 29, 2026 A | · | 0 | 0 | $0 |
| COCHRAN SANDRA B | Director | May 29, 2026 A | 1,500 | 0 | 0 | $0 |
| David H Batchelder | Director | March 31, 2025 A | 28,250 | 0 | 0 | $0 |
| Daniel J Heinrich | Director | May 26, 2023 A | · | 0 | 0 | $0 |
| Lisa W Wardell | Director | March 31, 2021 A | 523 | 0 | 0 | $0 |
| Eric C Wiseman | Director | March 31, 2021 A | · | 0 | 0 | $0 |
| MORGAN JAMES H | Director | May 31, 2019 A | · | 0 | 0 | $0 |
| LARSEN MARSHALL O | Director | June 1, 2018 A | 2,000 | 0 | 0 | $0 |
| Robert L Johnson | Director | June 2, 2017 A | 1,500 | 0 | 0 | $0 |
| David W Bernauer | Director | Dec. 31, 2015 A | · | 0 | 0 | $0 |
| Richard K Lochridge | Director | May 29, 2015 A | 0 | 0 | 0 | $0 |
| Dawn E Hudson | Director | May 30, 2014 A | 0 | 0 | 0 | $0 |
| Leonard L Berry | Director | May 30, 2014 A | 26,466 | 0 | 0 | $0 |
| Peter C Browning | Director | Dec. 5, 2013 S | 0 | 0 | 0 | $0 |
| Stephen F Page | Director | March 31, 2012 A | 0 | 0 | 0 | $0 |
| Robert Alexander Ingram | Director | March 31, 2011 A | 0 | 0 | 0 | $0 |
| Temple O Sloan JR | Director | Aug. 18, 2010 P | 1,280 | 0 | 0 | $0 |
| Paul Fulton | Director | March 28, 2007 M | 61,665 | 0 | 0 | $0 |
| MALONE CLAUDINE B/VA | Director | Aug. 18, 2004 M | 0 | 0 | 0 | $0 |
| LOWES COMPANIES INC | Director | April 30, 2004 A | · | 0 | 0 | $0 |
| Kenneth D Lewis | Director | Dec. 31, 2003 A | · | 0 | 0 | $0 |
| Angela F Braly | · | June 30, 2021 A | · | 0 | 0 | $0 |
| Gregory J Wessling | · | May 26, 2004 M | 139,294 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 169 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ITB · iShares Trust | 4.64% | 488,829 SH | Sept. 11, 2026 | Daily |
| NAIL · Direxion Shares ETF Trust | 3.45% | 88,350 NS | July 31, 2026 | N-PORT |
| FLAG · Global X Funds | 2.03% | 166 NS | July 31, 2026 | N-PORT |
| RSPD · Invesco Exchange-Traded Fund Trust | 2.00% | 41,009 SH | Oct. 5, 2026 | Daily |
| BDIV · ETF Series Solutions | 1.93% | 621 NS | July 31, 2026 | N-PORT |
| IYC · iShares Trust | 1.91% | 112,301 SH | Sept. 11, 2026 | Daily |
| ESLV · Strategy Shares | 1.91% | 1,308 NS | July 31, 2026 | N-PORT |
| ELCV · Strategy Shares | 1.89% | 22,862 NS | July 31, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 1.89% | 1,696,398 NS | July 31, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 1.83% | 570,819 SH | Aug. 19, 2026 | Daily |
| EQTY · Valued Advisers Trust | 1.83% | 125,473 NS | July 31, 2026 | N-PORT |
| JDIV · J.P. Morgan Exchange-Traded Fund Tr… | 1.80% | 1,116 NS | July 31, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 1.76% | 142,481 NS | July 31, 2026 | N-PORT |
| RXI · iShares Trust | 1.76% | 22,158 SH | Sept. 11, 2026 | Daily |
| POWA · Invesco Exchange-Traded Self-Indexe… | 1.74% | 15,957 SH | Oct. 5, 2026 | Daily |
| YOKE · EA Series Trust | 1.68% | 18,846 NS | July 31, 2026 | N-PORT |
| WANT · Direxion Shares ETF Trust | 1.63% | 1,596 NS | July 31, 2026 | N-PORT |
| JGLO · J.P. Morgan Exchange-Traded Fund Tr… | 1.50% | 480,791 NS | July 31, 2026 | N-PORT |
| KNG · First Trust Exchange-Traded Fund IV | 1.40% | 237,646 NS | July 31, 2026 | N-PORT |
| SPDV · ETF Series Solutions | 1.34% | 8,483 NS | July 31, 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 1.23% | 17,972 NS | July 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 1.15% | 1,289 NS | July 31, 2026 | N-PORT |
| FDVV · FIDELITY COVINGTON TRUST | 1.14% | 558,708 NS | July 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 1.11% | 9,688 NS | July 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 1.04% | 8,843 NS | July 31, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 1.00% | 791 NS | July 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.97% | 1,969 NS | July 31, 2026 | N-PORT |
| FDIV · EA Series Trust | 0.94% | 2,668 NS | July 31, 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 0.92% | 141,951 SH | Oct. 5, 2026 | Daily |
| BKDV · BNY Mellon ETF Trust II | 0.91% | 80,637 NS | July 31, 2026 | N-PORT |
| FFLC · FIDELITY COVINGTON TRUST | 0.80% | 46,062 NS | July 31, 2026 | N-PORT |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.79% | 3,699 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.69% | 154,382 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.67% | 30,126,000 | Oct. 5, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.61% | 22,162,490 | Oct. 5, 2026 | Daily |
| IIGD · Invesco Exchange-Traded Self-Indexe… | 0.60% | 160,000 | Oct. 5, 2026 | Daily |
| MGV · VANGUARD WORLD FUND | 0.58% | 352,424 SH | Aug. 19, 2026 | Daily |
| LCOW · Pacer Funds Trust | 0.55% | 688 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 0.55% | 1,201,814 SH | Sept. 11, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.54% | 3,164,078 SH | Aug. 19, 2026 | Daily |
| SUSA · iShares Trust | 0.54% | 109,652 SH | Sept. 11, 2026 | Daily |
| QIDX · Spinnaker ETF Series | 0.53% | 996 NS | July 31, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.53% | 36,055 NS | July 31, 2026 | N-PORT |
| GSY · Invesco Actively Managed Exchange-T… | 0.52% | 20,000,000 | Oct. 5, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.51% | 2,237,437 SH | Aug. 19, 2026 | Daily |
| NUDV · Nushares ETF Trust | 0.51% | 1,231 NS | July 31, 2026 | N-PORT |
| FFLG · FIDELITY COVINGTON TRUST | 0.50% | 14,161 NS | July 31, 2026 | N-PORT |
| ESMV · iShares Trust | 0.47% | 186 SH | Sept. 11, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.46% | 5,333,223 SH | Aug. 19, 2026 | Daily |
| USXF · iShares Trust | 0.44% | 33,313 SH | Sept. 11, 2026 | Daily |
| EVUS · iShares Trust | 0.44% | 8,574 SH | Sept. 11, 2026 | Daily |
| HQGO · Lattice Strategies Trust | 0.44% | 1,035 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.43% | 128,965 SH | Aug. 19, 2026 | Daily |
| NULV · Nushares ETF Trust | 0.42% | 44,636 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.42% | 227,226 SH | Oct. 5, 2026 | Daily |
| IWX · iShares Trust | 0.41% | 80,842 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.38% | 39,315 SH | Sept. 11, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.37% | 16,005 SH | Oct. 5, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.37% | 123,951 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.37% | 930,731 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.36% | 515,000 | Oct. 5, 2026 | Daily |
| HUSV · First Trust Exchange-Traded Fund III | 0.36% | 1,291 NS | July 31, 2026 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.36% | 5,661 NS | July 31, 2026 | N-PORT |
| ESGU · iShares Trust | 0.35% | 321,970 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.35% | 338,471 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.35% | 489,408 SH | Sept. 11, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.33% | 10,055,000 | Oct. 5, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.32% | 21,810 NS | July 31, 2026 | N-PORT |
| SUSL · iShares Trust | 0.32% | 19,790 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.32% | 21,808 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.31% | 85,698 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.30% | 1,245,878 SH | Sept. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.30% | 9,326,000 | Oct. 5, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.28% | 9,654 NS | July 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.28% | 15 NS | July 31, 2026 | N-PORT |
| MPLY · Strategy Shares | 0.28% | 214 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.28% | 152,248 SH | Oct. 5, 2026 | Daily |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.28% | 397 NS | July 31, 2026 | N-PORT |
| FXD · First Trust Exchange-Traded AlphaDE… | 0.27% | 3,491 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.27% | 28 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.25% | 9,517 SH | Aug. 19, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 5,174 NS | July 31, 2026 | N-PORT |
| OEF · iShares Trust | 0.23% | 236,743 SH | Sept. 11, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.23% | 112,073 SH | Aug. 19, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.21% | 11,379 SH | Oct. 5, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.21% | 6,750 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.21% | 126,757 SH | Aug. 19, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 8,224 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.20% | 341 SH | Sept. 11, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.20% | 57 NS | July 31, 2026 | N-PORT |
| NULC · Nushares ETF Trust | 0.20% | 691 NS | July 31, 2026 | N-PORT |
| VV · VANGUARD INDEX FUNDS | 0.20% | 654,842 SH | Aug. 19, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 452 NS | July 31, 2026 | N-PORT |
| IWL · iShares Trust | 0.20% | 21,817 SH | Sept. 11, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 23,253 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.19% | 14,547,168 SH | Aug. 19, 2026 | Daily |
| XVV · iShares Trust | 0.19% | 6,429 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 980,093 SH | Oct. 5, 2026 | Daily |
| ACIO · ETF Series Solutions | 0.18% | 20,930 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.18% | 2,602 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.18% | 11,457 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.18% | 28,476 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.18% | 70 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.18% | 17,738 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.18% | 437 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.18% | 28,487 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.18% | 47,685 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 77,225 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.18% | 92,850 SH | Aug. 19, 2026 | Daily |
| VOTE · TCW ETF Trust | 0.18% | 9,475 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.18% | 551 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.18% | 41 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.17% | 30 NS | July 31, 2026 | N-PORT |
| PEVC · Pacer Funds Trust | 0.17% | 20 NS | July 31, 2026 | N-PORT |
| GLOF · iShares Trust | 0.17% | 1,755 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.17% | 17,803,302 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.17% | 47,212 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.17% | 2,169 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.17% | 169,165 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.17% | 7,058,978 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.17% | 2,113 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.17% | 10,896 SH | Sept. 11, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.16% | 13,471 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.16% | 1,317 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.16% | 3,522 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.16% | 388,187 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.16% | 24,058 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.15% | 3,335 SH | Oct. 5, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.15% | 90,402 SH | Oct. 5, 2026 | Daily |
| IWV · iShares Trust | 0.15% | 154,469 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.15% | 729,151 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.14% | 15,168 NS | July 31, 2026 | N-PORT |
| HCMT · Direxion Shares ETF Trust | 0.14% | 3,896 NS | July 31, 2026 | N-PORT |
| VMAX · Lattice Strategies Trust | 0.14% | 331 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.14% | 15,055 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.14% | 81,182 NS | July 31, 2026 | N-PORT |
| SPXL · Direxion Shares ETF Trust | 0.14% | 43,786 NS | July 31, 2026 | N-PORT |
| FEUS · FlexShares Trust | 0.13% | 715 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.13% | 442 SH | Oct. 5, 2026 | Daily |
| TOK · iShares Trust | 0.13% | 1,534 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.12% | 50,074 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.11% | 467,616 SH | Aug. 19, 2026 | Daily |
| CRBN · iShares Trust | 0.11% | 6,416 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.11% | 176,926 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.10% | 14,801 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.09% | 14,676 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.08% | 6,389 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.08% | 572 NS | July 31, 2026 | N-PORT |
| LRGF · iShares Trust | 0.07% | 12,610 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 2,538 SH | Oct. 5, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.04% | 100,672 NS | July 31, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.02% | 896 NS | July 31, 2026 | N-PORT |
| GTOS · Invesco Actively Managed Exchange-T… | 0.02% | 21,000 | Oct. 5, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 400 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.01% | 3,948 NS | July 31, 2026 | N-PORT |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 1,000 | Sept. 30, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
LOW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
33 analysts · 2026-10-07Mean target $250.18 +36.2%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
Latest News Recent headlines mentioning this company
LOW AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects
Lowe's is a high-stakes bet on whether homeowners will continue renovating instead of moving in a high-rate environment. Claude and Gemini argue that operational efficiency and a 'stay-put' housing cycle support the stock, while ChatGPT and Grok warn that extreme financial engineering and thin liquidity mask significant downside risks. The panel remains split on whether the 264% ROE is a sign of strength or a dangerous reliance on debt, ultimately converging on a cautious hold for the retailer.
Round 1 — Opening Takes
I see Lowe's strongest bullish case in its accelerating profitability, positioning it to thrive if housing renovations surge as high mortgage rates sideline new builds. Gross margin has climbed to 33.47%, showing Lowe's is squeezing more profit from each dollar of sales amid cost controls. Net margin expanded to 7.71%, which means the bottom line is growing faster than the top, fueling real earnings power. EPS hit 11.88, up sharply, proving the business model delivers when demand firms up. At 20.6 times earnings, it's cheaper than Home Depot's 23.8, leaving room for multiple expansion.
My biggest bearish worry for Lowe's is that its extreme ROE masks leverage and buybacks propping up returns in a fragile housing cycle that could crack. ROE at 264% dwarfs Home Depot's 130%, but that's often inflated by debt or shrinking shares rather than organic growth, vulnerable to any sales dip. P/B ratio towers at 85, signaling the market prices in flawless execution Lowe's can't sustain if remodels slow. Current ratio of 1.07 is barely adequate, meaning liquidity is thin for weathering a recession. Recent price swings from 210 to 237 underscore the downside risk.
Lowe's is printing real operational leverage — margins are expanding and the stock is trading at a reasonable multiple despite that strength. Gross margin sits at 33.47%, up from 33.19% a year ago, which means the company is either pricing better or managing costs harder in a competitive market. Net margin is 7.71%, also up. The P/E of 20.56 is below Home Depot's 23.76, yet LOW is growing earnings faster. If housing activity holds and the company sustains this margin trajectory, the stock has room to re-rate upward.
That ROE of 264% is a red flag, not a feature — it signals the company is levered to the gills or running an aggressive buyback that's inflating returns on paper. The current ratio of 1.08 is barely above the comfort line, meaning balance sheet flexibility is tight. More concerning: EPS jumped from $2.89 in Q4 to $11.88 TTM, but that's a data artifact — the quarterly breakdown shows Q2 EPS at $1.88 and Q1 at $1.78, suggesting the TTM number is stale or the company is front-loading earnings. If housing demand softens or rates stay elevated, a levered retailer with thin margins gets crushed fast.
Lowe's is demonstrating a masterclass in operational efficiency that is widening its competitive moat. The company has pushed its gross margin to 33.47%. This indicates that Lowe's is successfully managing its supply chain costs and pricing strategy even in a challenging retail environment. Furthermore, the trailing twelve-month EPS has surged to 11.87. This shows that the bottom line is growing significantly faster than the top line, proving that management is effectively squeezing more profit out of every dollar of revenue generated.
The current valuation is propped up by extreme financial engineering that obscures the true health of the business. The reported ROE is a staggering 264.53%. This figure is likely inflated by aggressive share buybacks or heavy debt loads rather than pure operational excellence, which makes the balance sheet look far more efficient than it really is. Additionally, the current ratio sits at just 1.07. This leaves very little margin for error if the housing market faces a sudden liquidity crunch or a sharp drop in consumer spending.
I think the strongest bullish case is that Lowe's profitability and capital efficiency can power durable upside into 2026Q2. ROE TTM: 264.53%. That level signals extraordinary profitability relative to equity, implying strong earnings leverage and potential per-share upside if buybacks continue. Gross margin TTM: 33.47%. That margin implies pricing power and cost discipline, supporting earnings resilience. P/E TTM: 20.56. That multiple sits below peer HD's 23.76, signaling a valuation cushion against risk if the earnings trend holds.
I think the strongest bearish case is that valuation and balance-sheet signals imply more risk than reward if growth slows. P/B Annual: 85.08%. That huge multiple implies investors expect outsized growth or substantial asset value; if those assumptions fade, multiple compression can hit the stock. Current ratio quarterly: 1.0767. Liquidity is barely comfortable, making Lowe's vulnerable to working-capital shocks in a stressed macro environment. Net profit margin TTM: 7.71%. That level is solid but not exceptional; in a softer consumer backdrop, margins could retract.
Round 2 — Responses & Rebuttals
Round 2 — Responses & Rebuttals
ChatGPT, I disagree with hailing the 264% ROE as proof of strong earnings leverage. That sky-high return stems mostly from buybacks eroding the equity base, masking underlying vulnerabilities rather than signaling durable profitability. It leaves per-share metrics exposed to any housing slowdown. Pair it with the current ratio at 1.07, and Lowe's has scant liquidity buffer for tough times ahead.
I need to push back on Gemini here — the ROE inflation story is real, but we're missing the forest for the trees. Yes, 264% is propped up by buybacks and leverage, but that's not a bug, it's the business model working. Home Depot runs a 130% ROE the same way. The real question is whether the underlying cash generation supports the capital structure. Lowe's gross margin at 33.47% and net margin at 7.71% are both expanding, which means the operational engine is actually getting stronger, not just financial engineering masking decay. If the business were deteriorating underneath, those margins would be contracting even as ROE stayed inflated. They're not.
Claude, your point about the EPS data artifact is the most critical observation on this panel. You correctly identified that the TTM EPS of 11.88 is heavily distorted by historical quarterly volatility, masking the actual run rate. That figure is 20.56 times the current price, but that ratio is misleading if the denominator is artificially inflated. We are looking at a company that is essentially reporting a trailing earnings number that does not reflect its current quarterly performance, which makes the valuation look much more attractive than it truly is.
Claude, your ROE concern is valid but incomplete. Lowe's ROE sits at 264% - an extreme read that likely reflects buybacks and leverage more than pure operating strength. That means the figure isn't a clean signal of sustainable profitability; it can mislead about real earnings power. If housing activity slows or debt levels rise, that inflated ROE could retreat and the stock multiple could compress.
Round 3 — Final Rebuttals
Round 3 — Final Rebuttals
Gemini, calling the TTM EPS of 11.88 heavily distorted overlooks its upward trend from prior quarterly levels around $4, capturing genuine profitability acceleration. That figure justifies the 20.6 P/E as reasonably priced for a home improvement leader with expanding margins. The recent quarterly run rate near $2 per share is stable, not declining, so the trailing multiple isn't misleading — it's a vote of confidence in sustained housing renovation demand.
I want to widen the frame here, because we're all circling the same balance-sheet metrics and missing what's actually moving LOW's stock. Housing starts have been flat to down since late 2024, but Lowe's same-store sales have held up — which tells me the company is capturing share from smaller competitors and benefiting from a shift toward renovation over new construction. That's a structural tailwind, not cyclical. But here's what concerns me more: the housing market is pricing in a Fed rate-cut cycle that hasn't materialized. If the Fed stays at 5.25% through 2026Q2, mortgage rates stay elevated, and the renovation cycle that's propping up Lowe's margins gets compressed. That's the macro regime risk nobody on this panel has named yet. The stock isn't vulnerable because of leverage or buybacks — it's vulnerable because the entire thesis depends on housing activity staying resilient in a high-rate environment. That's a binary bet, and the market hasn't priced the downside if rates don't fall.
I want to widen the frame, as we are ignoring the macro regime shift currently punishing home improvement retailers. The 30-year mortgage rate remains stubbornly high, which is forcing a massive shift from 'move-up' home buying to 'stay-put' renovations. This creates a structural tailwind for Lowe's that isn't captured in a P/E of 20.56. That multiple represents the price investors pay for every dollar of annual earnings, and it is currently discounting a recession that may not arrive. If the Fed pivots to rate cuts by 2026Q2, the current valuation could look like a massive bargain for a company dominating the repair and maintenance cycle.
Claude, I think your margins expand claim deserves a realism check. Gross margin is 33.47%. That level can reflect mix shifts or short-term cost controls, not necessarily durable pricing power across cycles. If housing demand falters or input costs rise, Lowe's margins could compress even if revenue stays firm, which would trim earnings power and the upside in the stock.
Price Forecasts
| Model | 3M Target | 6M Target | Reasoning |
|---|---|---|---|
| Grok | $232.00 | $245.00 | I think Lowe's improving margins and renovation tailwind justify a modest re-rating toward Home Depot's P/E, but thin liquidity caps aggressive upside into 2026Q2. The key catalyst is the 2025Q3 earnings report in late August, where comp-store sales beating 2% would confirm share gains in remodels and push toward my 6-month target. The big risk is mortgage rates staying above 7% through year-end if the Fed delays cuts, compressing demand and margins. At 22 times trailing EPS of $11.88, my $245 target means the market pays up fairly for sustained profitability matching peers like HD. |
| Claude | $232.00 | $245.00 | Lowe's is a renovation play that works if mortgage rates stay elevated—but breaks if the Fed cuts aggressively and housing demand normalizes. My thesis: the company's margin expansion (33.47% gross, 7.71% net) is real operational leverage, not financial engineering, and will sustain through 2026Q2 if the stay-put renovation cycle holds. Catalyst: Q1 2026 earnings beat on same-store sales, proving share capture from smaller competitors persists despite flat housing starts. Risk: Fed cuts 150+ basis points by mid-2026, mortgage rates fall below 6%, and move-up buying resurges—collapsing Lowe's pricing power. At 20.6 times trailing earnings, the stock is fairly valued for a 3–5% earnings growth scenario, leaving room for multiple expansion if margins hold. Current price $220.91; my 6-month target assumes modest multiple re-rating to 21.5x on sustained profitability. |
| Gemini | $235.00 | $250.00 | My thesis is that Lowe's will benefit from a 'stay-put' renovation cycle as high mortgage rates continue to freeze the existing housing market. The primary catalyst is the Federal Reserve's anticipated rate cut in early 2026, which would lower borrowing costs for home improvement loans and spark a surge in discretionary remodeling. Conversely, the biggest risk is a sharp rise in unemployment, which would force consumers to slash non-essential home repairs. Currently, the stock trades at a P/E of 20.56, meaning the market is paying roughly 20 dollars for every dollar of annual earnings, which is a reasonable entry point for a dominant retailer with expanding margins. |
| Chatgpt | $226.50 | $235.00 | I think Lowe's offers modest upside into 2026Q2 as margins stay resilient, buybacks lift per-share results, and the cash-return profile remains attractive relative to peers. Catalyst: a stronger-than-expected 2026Q2 print with higher gross margins and raised full-year guidance, which would confirm the operating lever is still turning. Risk: a material housing slowdown or persistent high rates that curb remodeling activity and threaten margin durability. Current price is around 220.91, anchoring this view and leaving room for upside if the print confirms the margin expansion story. |
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