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Operating Margin for Lowe's Companies (LOW)

As of · Reported

Metric

TTM

11.5%

YoY change

−0.32pp

Trough year (1991)

3.0%

Peak year (2023)

13.4%

Operating Margin history chart for Lowe's Companies (LOW) from 1985 to 2025

Latest: 11.8%

Operating Margin change chart for Lowe's Companies (LOW) from 1985 to 2025

Latest: −0.32pp

Operating Margin history table for Lowe's Companies (LOW) from 1985 to 2025

  • 202511.8%-0.32pp
  • 202412.1%-1.27pp
  • 202313.4%+0.31pp
  • 202213.0%+0.31pp
  • 202112.7%+0.59pp
  • 202012.1%+3.03pp
  • 20199.1%+0.56pp
  • 20188.6%-1.04pp
  • 20179.6%+0.66pp
  • 20168.9%+0.51pp
  • 20158.4%-0.14pp
  • 20148.6%+0.72pp
  • 20137.9%+0.64pp
  • 20127.2%-0.23pp
  • 20117.5%+0.03pp
  • 20107.4%+0.61pp
  • 20096.8%-1.11pp
  • 20087.9%-1.88pp
  • 20079.8%-1.19pp
  • 200611.0%+0.19pp
  • 200510.8%+0.53pp
  • 200410.3%+0.13pp
  • 200310.1%+0.54pp
  • 20029.6%+1.54pp
  • 20018.0%+0.58pp
  • 20007.5%+0.10pp
  • 19997.4%+0.28pp
  • 19987.1%+0.48pp
  • 19976.6%-0.03pp
  • 19966.6%+0.47pp
  • 19956.2%-0.19pp
  • 19946.4%+0.74pp
  • 19935.6%+1.01pp
  • 19924.6%+1.56pp
  • 19913.0%-2.09pp
  • 19905.1%+0.30pp
  • 19894.8%-0.20pp
  • 19885.0%+0.51pp
  • 19874.5%-0.81pp
  • 19865.3%-0.66pp
  • 19856.0%—

Operating Margin values are taken from Lowe's Companies's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Lowe's Companies (LOW)

According to Lowe's Companies's latest reported financial statements, the company's latest reported operating margin is 11.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Lowe's Companies (LOW) operating margin is 11.77% – contracted 0.3 percentage points year-over-year.

2023 marks the peak operating margin at 13.35%, with the historical low of 3.05% recorded in 1991.

Lowe's Companies Operating Margin by Year

Lowe's Companies Operating Margin 2025: 11.8%

2025's operating margin for Lowe's Companies came in at 11.77%, contracted 0.3 percentage points from 2024.

Lowe's Companies Operating Margin 2024: 12.1%

Lowe's Companies posted operating margin of 12.08% in 2024, contracted 1.3 percentage points from 2023.

Lowe's Companies Operating Margin 2023: 13.4%

In 2023, Lowe's Companies reported operating margin of 13.35%, expanded 0.3 percentage points from 2022. This figure represents the highest annual value in the available history.

Lowe's Companies Operating Margin 2022: 13.0%

Lowe's Companies operating margin in 2022 was 13.04%, expanded 0.3 percentage points from 2021.

Lowe's Companies Operating Margin 2021: 12.7%

Lowe's Companies operating margin in 2021 was 12.73%.

See more financial history for Lowe's Companies (LOW).

Sector peers by Operating Margin

Consumer Cyclical peers of Lowe's Companies (LOW), ranked by their latest operating margin

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