Lowes Companies annual gross margin
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2025
Lowes Companies Gross Margin Growth & History (LOW)
Lowes Companies's gross margin was 33.48% for fiscal 2025.
View full Lowes Companies company overviewLowes Companies annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-30 | 33.48% | +0.16 pp |
| 2024 | 2025-01-31 | 33.32% | −0.08 pp |
| 2023 | 2024-02-02 | 33.39% | +0.16 pp |
| 2022 | 2023-02-03 | 33.23% | −0.07 pp |
| 2021 | 2022-01-28 | 33.30% | +0.30 pp |
| 2020 | 2021-01-29 | 33.01% | +1.21 pp |
| 2019 | 2020-01-31 | 31.80% | −0.33 pp |
| 2018 | 2019-02-01 | 32.12% | −0.57 pp |
| 2017 | 2018-02-02 | 32.69% | −0.64 pp |
| 2016 | 2017-02-03 | 33.34% | −1.48 pp |
| 2015 | 2016-01-29 | 34.82% | +0.03 pp |
| 2014 | 2015-01-30 | 34.79% | +0.20 pp |
| 2013 | 2014-01-31 | 34.59% | +0.29 pp |
| 2012 | 2013-02-01 | 34.30% | −0.26 pp |
| 2011 | 2012-02-03 | 34.56% | −0.58 pp |
| 2010 | 2011-01-28 | 35.14% | +0.27 pp |
| 2009 | 2010-01-29 | 34.86% | +0.65 pp |
| 2008 | 2009-01-30 | 34.21% | −0.43 pp |
| 2007 | 2008-02-01 | 34.64% | — |
Lowes Companies quarterly gross margin
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Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-01 | 32.68% | −0.69 pp |
| Q4 2025 | 2026-01-30 | 32.46% | −0.39 pp |
| Q3 2025 | 2025-10-31 | 34.19% | +0.50 pp |
| Q2 2025 | 2025-08-01 | 33.81% | +0.34 pp |
| Q1 2025 | 2025-05-02 | 33.38% | +0.19 pp |
| Q4 2024 | 2025-01-31 | 32.86% | +0.46 pp |
| Q3 2024 | 2024-11-01 | 33.69% | +0.03 pp |
| Q2 2024 | 2024-08-02 | 33.47% | −0.18 pp |
| Q1 2024 | 2024-05-03 | 33.19% | −0.50 pp |
| Q4 2023 | 2024-02-02 | 32.40% | +0.07 pp |
| Q3 2023 | 2023-11-03 | 33.66% | +0.36 pp |
| Q2 2023 | 2023-08-04 | 33.66% | +0.42 pp |
| Q1 2023 | 2023-05-05 | 33.68% | −0.34 pp |
| Q4 2022 | 2023-02-03 | 32.33% | −0.60 pp |
| Q3 2022 | 2022-10-28 | 33.30% | +0.19 pp |
| Q2 2022 | 2022-07-29 | 33.24% | −0.54 pp |
| Q1 2022 | 2022-04-29 | 34.03% | +0.74 pp |
| Q4 2021 | 2022-01-28 | 32.93% | +1.15 pp |
| Q3 2021 | 2021-10-29 | 33.10% | +0.38 pp |
| Q2 2021 | 2021-07-30 | 33.78% | −0.30 pp |
| Q1 2021 | 2021-04-30 | 33.29% | +0.19 pp |
| Q4 2020 | 2021-01-29 | 31.78% | +0.70 pp |
| Q3 2020 | 2020-10-30 | 32.72% | +0.29 pp |
| Q2 2020 | 2020-07-31 | 34.08% | +1.97 pp |
| Q1 2020 | 2020-05-01 | 33.10% | +1.64 pp |
| Q4 2019 | 2020-01-31 | 31.09% | −0.22 pp |
| Q3 2019 | 2019-11-01 | 32.44% | +1.56 pp |
| Q2 2019 | 2019-08-02 | 32.11% | −0.85 pp |
| Q1 2019 | 2019-05-03 | 31.46% | −1.65 pp |
| Q4 2018 | 2019-02-01 | 31.31% | +3.87 pp |
| Q3 2018 | 2018-11-02 | 30.88% | −3.19 pp |
| Q2 2018 | 2018-08-03 | 32.96% | −1.25 pp |
| Q1 2018 | 2018-05-04 | 33.11% | −1.29 pp |
| Q4 2017 | 2018-02-02 | 27.44% | −1.97 pp |
| Q3 2017 | 2017-11-03 | 34.07% | −0.29 pp |
| Q2 2017 | 2017-08-04 | 34.21% | −0.22 pp |
| Q1 2017 | 2017-05-05 | 34.40% | −0.63 pp |
| Q4 2016 | 2017-02-03 | 29.41% | −5.24 pp |
| Q3 2016 | 2016-10-28 | 34.35% | −0.40 pp |
| Q2 2016 | 2016-07-29 | 34.44% | −0.04 pp |
| Q1 2016 | 2016-04-29 | 35.03% | −0.44 pp |
| Q4 2015 | 2016-01-29 | 34.65% | −0.01 pp |
| Q3 2015 | 2015-10-30 | 34.75% | +0.26 pp |
| Q2 2015 | 2015-07-31 | 34.48% | −0.07 pp |
| Q1 2015 | 2015-05-01 | 35.47% | −0.03 pp |
| Q4 2014 | 2015-01-30 | 34.67% | −0.01 pp |
| Q3 2014 | 2014-10-31 | 34.49% | −0.10 pp |
| Q2 2014 | 2014-08-01 | 34.55% | +0.20 pp |
| Q1 2014 | 2014-05-02 | 35.50% | +0.70 pp |
| Q4 2013 | 2014-01-31 | 34.67% | +0.40 pp |
| Q3 2013 | 2013-11-01 | 34.58% | +0.27 pp |
| Q2 2013 | 2013-08-02 | 34.35% | +0.43 pp |
| Q1 2013 | 2013-05-03 | 34.80% | +0.10 pp |
| Q4 2012 | 2013-02-01 | 34.27% | +0.06 pp |
| Q3 2012 | 2012-11-02 | 34.32% | +0.25 pp |
| Q2 2012 | 2012-08-03 | 33.93% | −0.57 pp |
| Q1 2012 | 2012-05-04 | 34.70% | −0.75 pp |
| Q4 2011 | 2012-02-03 | 34.21% | −1.36 pp |
| Q3 2011 | 2011-10-28 | 34.06% | −0.99 pp |
| Q2 2011 | 2011-07-29 | 34.49% | −0.37 pp |
| Q1 2011 | 2011-04-29 | 35.45% | +0.27 pp |
| Q4 2010 | 2011-01-28 | 35.57% | +0.62 pp |
| Q3 2010 | 2010-10-29 | 35.05% | +0.85 pp |
| Q2 2010 | 2010-07-30 | 34.86% | +0.02 pp |
| Q1 2010 | 2010-04-30 | 35.18% | −0.28 pp |
| Q4 2009 | 2010-01-29 | 34.95% | +0.97 pp |
| Q3 2009 | 2009-10-30 | 34.20% | −0.14 pp |
| Q2 2009 | 2009-07-31 | 34.84% | — |
| Q1 2009 | 2009-05-01 | 35.46% | — |
| Q3 2008 | 2008-10-31 | 33.98% | — |
| Q2 2008 | 2008-08-01 | 34.34% | — |
Lowes Companies gross margin trends
Over the last five reported fiscal years, Lowes Companies's gross margin increased from 33.01% to 33.48%, a change of +0.47 percentage points. The latest reported quarter, Q1 2026, shows 32.68%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lowes Companies filings at SEC.gov ↗