Lowe's Companies Inc (LOW)
Gross profit margin
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 28,574,000 | 30,365,000 | 32,607,000 | 32,258,000 | 32,028,000 | 31,797,000 | 31,976,000 | 32,056,000 | 31,485,000 | 31,198,000 | 31,190,000 | 29,573,000 | 28,098,000 | 26,438,000 | 23,874,000 | 22,942,000 | 22,860,000 | 22,597,000 | 22,742,000 | 22,909,000 |
| Revenue (ttm) | US$ in thousands | 84,597,000 | 89,536,000 | 96,644,000 | 95,481,000 | 94,907,000 | 94,431,000 | 94,574,000 | 95,365,000 | 94,353,000 | 92,681,000 | 92,406,000 | 87,663,000 | 83,405,000 | 79,589,000 | 73,324,000 | 71,431,000 | 71,088,000 | 71,150,000 | 71,081,000 | 70,721,000 |
| Gross profit margin | 33.78% | 33.91% | 33.74% | 33.78% | 33.75% | 33.67% | 33.81% | 33.61% | 33.37% | 33.66% | 33.75% | 33.73% | 33.69% | 33.22% | 32.56% | 32.12% | 32.16% | 31.76% | 31.99% | 32.39% |
February 2, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $28,574,000K ÷ $84,597,000K
= 33.78%
The gross profit margin of Lowe's Companies Inc has shown relatively stable performance over the analyzed period. It ranged from a low of 31.76% in November 2019 to a high of 33.91% in November 2023, with an average of 33.51%. The company's ability to generate profits from its core operations has improved slightly in recent quarters. However, there was a notable dip in the gross profit margin in May 2020, possibly due to the impact of external factors such as the COVID-19 pandemic. Overall, the company's gross profit margin demonstrates consistency and resilience, reflecting effective cost management and pricing strategies.
Peer comparison
Feb 2, 2024