How Loews (L) Makes Money: A Visual Guide

Loews (L) generated $18.18B in revenue (TTM through Q4 2025), earning $1.67B in net profit (9.2% margin). Its largest revenue source is CNA Financial Corporation (58% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Loews (L) Income Statement Flow

Frequently asked questions

How does Loews (L) make money?

Loews (L) primarily makes money through CNA Financial Corporation, which accounts for 58% of total revenue. For TTM through Q4 2025, Loews generated $18.18B in total revenue with a net profit margin of 9.2%.

What is Loews (L) gross profit margin?

Loews (L) reported a gross profit margin of 43.9% for TTM through Q4 2025, equivalent to $7.98B in gross profit. This means Loews retains 43.9% of each revenue unit after direct costs of production.

What is Loews (L) operating profit margin?

Loews (L) reported an operating profit margin of 12.6% for TTM through Q4 2025, equivalent to $2.28B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Loews (L) net profit margin?

Loews (L) reported a net profit margin of 9.2% for TTM through Q4 2025, equivalent to $1.67B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Loews (L) spend on capital expenditures?

Loews (L) spent $512.00M on capital expenditures in TTM through Q4 2025 (2.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Loews (L) free cash flow?

Loews (L) generated $2.95B in free cash flow for TTM through Q4 2025 (16.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Loews (L) effective tax rate?

Loews (L) had an effective tax rate of 22.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q4 2025.