Lowe's Companies Inc (LOW)
Operating profit margin
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,557,000 | 10,159,000 | 12,093,000 | 9,647,000 | 6,314,000 |
| Revenue | US$ in thousands | 84,974,000 | 95,481,000 | 95,365,000 | 87,665,000 | 71,430,000 |
| Operating profit margin | 13.60% | 10.64% | 12.68% | 11.00% | 8.84% |
February 2, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $11,557,000K ÷ $84,974,000K
= 13.60%
Lowe's Companies Inc's operating profit margin has shown a positive trend over the past five years, with the ratio increasing from 8.84% in January 2020 to 13.60% in February 2024. This indicates a strong ability to generate profits from its core business operations. The company has improved its operational efficiency and cost management, resulting in higher profitability relative to its revenue. The consistent growth in operating profit margin demonstrates Lowe's ability to effectively manage its expenses and optimize its revenue streams over the years. This upward trend suggests a positive outlook for the company's financial performance and operational effectiveness.
Peer comparison
Feb 2, 2024