Lowe's Companies Inc (LOW)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,424,000 | 5,558,000 | 6,777,000 | 6,437,000 | 6,686,000 | 8,428,000 | 8,454,000 | 8,442,000 | 8,213,000 | 7,009,000 | 6,819,000 | 5,835,000 | 5,367,000 | 5,724,000 | 4,572,000 | 4,281,000 | 2,947,000 | 2,527,000 | 2,371,000 | 2,313,000 |
| 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 |
| Net profit margin | 7.59% | 6.21% | 7.01% | 6.74% | 7.04% | 8.93% | 8.94% | 8.85% | 8.70% | 7.56% | 7.38% | 6.66% | 6.43% | 7.19% | 6.24% | 5.99% | 4.15% | 3.55% | 3.34% | 3.27% |
February 2, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $6,424,000K ÷ $84,597,000K
= 7.59%
Lowe's Companies Inc has exhibited varying levels of net profit margin over the past several quarters. The trend shows some fluctuations, with the net profit margin ranging from as low as 3.27% in February 2019 to as high as 8.94% in April 2022. The company's net profit margin has generally been above 5% in recent quarters, indicating positive profitability.
The net profit margin is a key indicator of a company's overall profitability, representing the percentage of revenue that translates into profit. Lowe's net profit margin has generally been in the range of 6% to 9%, reflecting a reasonable level of control over costs and efficient operations. A higher net profit margin suggests the company is effectively managing expenses relative to revenue, while a lower margin may indicate potential inefficiencies or cost challenges.
Overall, Lowe's Companies Inc's net profit margin performance demonstrates a solid profitability position, supported by the ability to generate profits from its operations. However, it is important for the company to continue monitoring and managing its cost structure to maintain or improve its profitability in the future.
Peer comparison
Feb 2, 2024