Lowe's Companies Inc (LOW)
Gross profit margin
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 28,844,000 | 32,257,000 | 32,056,000 | 29,572,000 | 22,943,000 |
| Revenue | US$ in thousands | 84,974,000 | 95,481,000 | 95,365,000 | 87,665,000 | 71,430,000 |
| Gross profit margin | 33.94% | 33.78% | 33.61% | 33.73% | 32.12% |
February 2, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $28,844,000K ÷ $84,974,000K
= 33.94%
The gross profit margin of Lowe's Companies Inc has shown a consistent upward trend over the past five years, increasing from 32.12% in 2020 to 33.94% in 2024. This indicates that the company has been able to effectively manage its cost of goods sold and pricing strategies to improve profitability. The slight fluctuations in the gross profit margin from year to year are relatively minimal, suggesting that Lowe's has maintained stability in its operations. Overall, the increasing trend in the gross profit margin points towards the company's ability to efficiently generate profits from its sales revenue.
Peer comparison
Feb 2, 2024