Lowe's Companies Inc (LOW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 8,618,000 | 7,908,000 | 9,522,000 | 9,036,000 | 9,267,000 | 11,204,000 | 11,233,000 | 11,208,000 | 10,914,000 | 9,242,000 | 8,986,000 | 7,738,000 | 7,193,000 | 7,680,000 | 6,154,000 | 5,623,000 | 4,123,000 | 3,546,000 | 3,344,000 | 3,394,000 |
| 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 |
| Pretax margin | 10.19% | 8.83% | 9.85% | 9.46% | 9.76% | 11.86% | 11.88% | 11.75% | 11.57% | 9.97% | 9.72% | 8.83% | 8.62% | 9.65% | 8.39% | 7.87% | 5.80% | 4.98% | 4.70% | 4.80% |
February 2, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,618,000K ÷ $84,597,000K
= 10.19%
Lowe's Companies Inc has shown variability in its pretax margin over the past several quarters. The pretax margin, which reflects the company's efficiency in generating profits before accounting for taxes, has fluctuated between 4.70% to 11.88% during the period under review.
The highest pretax margin of 11.88% was recorded in July 29, 2022, demonstrating strong profitability levels. On the other hand, the lowest pretax margin of 4.70% was seen on November 1, 2019, indicating a lower level of profitability during that period.
Overall, Lowe's pretax margin has generally been above 5% in recent quarters, which is a positive sign. However, the fluctuations in the pretax margin suggest that the company may be facing challenges in maintaining consistent profitability levels. Further analysis of the factors influencing the pretax margin, such as revenue, expenses, and cost management, would provide valuable insights into Lowe's financial performance.
Peer comparison
Feb 2, 2024