Lowe's (LOW) balance sheet

NYSE · Consumer Cyclical · Home Improvement · 276,000 employees · CEO Marvin R. Ellison

Price: $209.07 +0.86%
Market cap: $117B
Enterprise value: $156B
Last report: Q2 '26 filed 2026-08-27
Next report: 2026-11-18 EPS est. $2.87

At the end of Q2 '26 Lowe's (LOW) held $3.41B in cash and short-term investments against $42B of debt incl. leases. Total assets $55.9B, total liabilities $63.3B, shareholders' equity -$7.44B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	$1.21B	$921M	$3.24B	$4.36B	$3.27B	$1.76B	$3.05B	$4.86B	$621M	$982M	$786M	$3.17B
Short-term investments	$321M	$307M	$264M	$330M	$335M	$372M	$368M	$396M	$412M	$370M	$458M	$235M
Receivables	$0	$0	$0	$0	$0	$0	$0	$0	$1.22B	$1.09B	$1.15B	$1.24B
Inventory	$17.5B	$16.9B	$18.2B	$16.8B	$17.6B	$17.4B	$18.3B	$16.3B	$17.2B	$17.3B	$18.4B	$17.7B
Other current assets	$907M	$949M	$1.03B	$806M	$805M	$816M	$918M	$1.04B	$788M	$1.21B	$1.32B	$960M
Current assets	$20B	$19.1B	$22.8B	$22.3B	$22B	$20.4B	$22.7B	$22.6B	$20.2B	$21B	$22.2B	$23.3B
Property, plant & equipment (net)	$21.2B	$21.4B	$21.4B	$21.3B	$21.4B	$21.4B	$21.4B	$21.6B	$22.7B	$22.7B	$22.4B	$22.3B
Long-term investments	$238M	$252M	$306M	$292M	$312M	$277M	$300M	$273M	$280M	$319M	$247M	$179M
Goodwill	$0	$0	$0	$0	$0	$0	$0	$691M	$3.98B	$3.95B	$3.95B	$3.96B
Intangible assets	$0	$0	$0	$0	$0	$0	$0	$976M	$5.99B	$5.91B	$5.81B	$5.71B
Deferred tax assets	$280M	$1.81B	$115M	$184M	$261M	$1.72B	$118M	$140M	$0	$0	$0	$0
Other non-current assets	$859M	$838M	$834M	$787M	$836M	$836M	$844M	$300M	$323M	$352M	$344M	$347M
Non-current assets	$22.6B	$24.3B	$22.6B	$22.6B	$22.8B	$24.2B	$22.7B	$24B	$33.2B	$33.2B	$32.8B	$32.5B
Total assets	$42.5B	$43.4B	$45.4B	$44.9B	$44.7B	$44.6B	$45.4B	$46.6B	$53.5B	$54.1B	$54.9B	$55.9B
Liabilities
Accounts payable	$9.91B	$8.7B	$11.7B	$10.3B	$10.6B	$9.29B	$11.2B	$9.51B	$10.2B	$9.76B	$12B	$11.1B
Accrued expenses	$750M	$954M	$870M	$1.06B	$828M	$1.01B	$853M	$1.1B	$1.02B	$485M	$972M	$1.17B
Short-term debt	$1.08B	$1.02B	$1.85B	$1.84B	$3.07B	$3.15B	$4.75B	$4.71B	$3.13B	$2.43B	$1.19B	$2.35B
Taxes payable	$121M	$33M	$0	$0	$0	$824M	$0	$0	$0	$0	$0	$0
Deferred revenue	$1.5B	$1.41B	$1.41B	$1.42B	$1.36B	$1.36B	$1.5B	$1.56B	$1.54B	$1.48B	$1.63B	$1.61B
Other current liabilities	$3.14B	$3.45B	$3.64B	$3.6B	$3.59B	$3.46B	$4.06B	$4.74B	$3.53B	$3.5B	$3.85B	$4.19B
Current liabilities	$16.5B	$15.6B	$19.5B	$18.2B	$19.4B	$18.8B	$22.4B	$21.6B	$19.5B	$19.5B	$20.3B	$21.1B
Long-term debt	$35.4B	$35B	$34.6B	$34.7B	$32.9B	$32.5B	$30.5B	$30.5B	$37.5B	$37.5B	$36.8B	$35.2B
Lease obligations (non-current)	$3.6B	$4.16B	$3.76B	$3.74B	$3.74B	$4.02B	$3.67B	$3.8B	$4.07B	$4.04B	$3.94B	$3.73B
Deferred revenue (non-current)	$1.23B	$1.23B	$1.23B	$1.26B	$1.26B	$1.27B	$1.27B	$1.28B	$1.27B	$1.26B	$1.25B	$1.25B
Deferred tax liabilities	$0	$1.56B	$0	$0	$0	$1.47B	$0	$0	$808M	$1.04B	$1.24B	$1.2B
Other non-current liabilities	$966M	$931M	$859M	$798M	$808M	$779M	$762M	$760M	$735M	$764M	$762M	$794M
Non-current liabilities	$41.2B	$42.8B	$40.5B	$40.5B	$38.7B	$40B	$36.2B	$36.4B	$44.4B	$44.6B	$43.9B	$42.2B
Total liabilities	$57.7B	$58.4B	$60B	$58.7B	$58.2B	$58.8B	$58.6B	$58B	$63.8B	$64.1B	$64.2B	$63.3B
Equity
Common stock & paid-in capital	$288M	$287M	$286M	$284M	$282M	$280M	$280M	$280M	$280M	$281M	$280M	$281M
Retained earnings	-$15.7B	-$15.6B	-$15.2B	-$14.3B	-$14B	-$14.8B	-$13.8B	-$12.1B	-$11.2B	-$10.8B	-$9.88B	-$8.19B
Accumulated other comprehensive income	$302M	$300M	$296M	$295M	$292M	$288M	$286M	$281M	$275M	$271M	$266M	$262M
Shareholders' equity	-$15.1B	-$15.1B	-$14.6B	-$13.8B	-$13.4B	-$14.2B	-$13.3B	-$11.4B	-$10.4B	-$9.92B	-$9.27B	-$7.44B
Debt
Total debt (incl. leases)	$40.1B	$40.1B	$40.2B	$40.2B	$39.7B	$39.7B	$39B	$39.1B	$44.7B	$44.7B	$42.5B	$42B
Net debt (debt - cash)	$38.8B	$39.2B	$37B	$35.9B	$36.4B	$37.9B	$35.9B	$34.2B	$44.1B	$43.7B	$41.8B	$38.9B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$558M	$588M	$511M	$716M	$4.69B	$1.13B	$1.35B	$921M	$1.76B	$982M
Short-term investments	$100M	$102M	$218M	$160M	$506M	$271M	$384M	$307M	$372M	$370M
Receivables	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1.09B
Inventory	$10.5B	$11.4B	$12.6B	$13.2B	$16.2B	$17.6B	$18.5B	$16.9B	$17.4B	$17.3B
Other current assets	$884M	$689M	$938M	$1.26B	$937M	$1.05B	$1.18B	$949M	$816M	$1.21B
Current assets	$12B	$12.8B	$14.2B	$15.3B	$22.3B	$20.1B	$21.4B	$19.1B	$20.4B	$21B
Property, plant & equipment (net)	$19.9B	$19.7B	$18.4B	$22.6B	$23B	$23.2B	$21.1B	$21.4B	$21.4B	$22.7B
Long-term investments	$366M	$408M	$256M	$372M	$200M	$247M	$121M	$252M	$277M	$319M
Goodwill	$1.08B	$1.31B	$303M	$303M	$311M	$311M	$311M	$0	$0	$3.95B
Intangible assets	$0	$0	$0	$259M	$0	$522M	$303M	$0	$0	$5.91B
Deferred tax assets	$222M	$168M	$427M	$1.74B	$1.9B	$1.85B	$1.82B	$1.81B	$1.72B	$0
Other non-current assets	$789M	$915M	$995M	$443M	$571M	$157M	$196M	$838M	$836M	$352M
Non-current assets	$22.4B	$22.5B	$20.4B	$25.7B	$26B	$26.3B	$23.8B	$24.3B	$24.2B	$33.2B
Total assets	$34.4B	$35.3B	$34.6B	$41B	$48.3B	$46.3B	$45.3B	$43.4B	$44.6B	$54.1B
Liabilities
Accounts payable	$6.65B	$6.59B	$8.28B	$7.66B	$10.9B	$11.4B	$10.5B	$8.7B	$9.29B	$9.76B
Accrued expenses	$790M	$747M	$662M	$684M	$1.35B	$1.56B	$1.11B	$954M	$1.01B	$485M
Short-term debt	$1.31B	$1.43B	$1.83B	$3.04B	$1.65B	$1.5B	$1.61B	$1.02B	$3.15B	$2.43B
Taxes payable	$318M	$253M	$287M	$257M	$544M	$480M	$1.18B	$33M	$824M	$0
Deferred revenue	$1.25B	$1.38B	$1.3B	$1.22B	$1.61B	$1.91B	$1.6B	$1.41B	$1.36B	$1.48B
Other current liabilities	$1.98B	$1.95B	$2.43B	$2.58B	$3.07B	$3.21B	$3.49B	$3.45B	$3.46B	$3.5B
Current liabilities	$12B	$12.1B	$14.5B	$15.2B	$18.7B	$19.7B	$19.5B	$15.6B	$18.8B	$19.5B
Long-term debt	$13.6B	$14.7B	$13.7B	$16.2B	$20.1B	$23.3B	$32.4B	$35B	$32.5B	$37.5B
Lease obligations (non-current)	$815M	$709M	$709M	$4.56B	$4.45B	$4.56B	$3.96B	$4.16B	$4.02B	$4.04B
Deferred revenue (non-current)	$763M	$803M	$827M	$894M	$1.02B	$1.13B	$1.2B	$1.23B	$1.27B	$1.26B
Deferred tax liabilities	$0	$0	$133M	$1.52B	$1.56B	$1.69B	$1.57B	$1.56B	$1.47B	$1.04B
Other non-current liabilities	$843M	$1.09B	$1.15B	$712M	$991M	$781M	$862M	$931M	$779M	$764M
Non-current liabilities	$16B	$17.3B	$16.5B	$23.8B	$28.1B	$31.5B	$40B	$42.8B	$40B	$44.6B
Total liabilities	$28B	$29.4B	$31B	$39B	$46.9B	$51.1B	$59.5B	$58.4B	$58.8B	$64.1B
Equity
Common stock & paid-in capital	$433M	$415M	$401M	$381M	$366M	$335M	$301M	$287M	$280M	$281M
Retained earnings	$6.24B	$5.43B	$3.45B	$1.73B	$1.12B	-$5.12B	-$14.9B	-$15.6B	-$14.8B	-$10.8B
Accumulated other comprehensive income	-$240M	$11M	-$209M	-$136M	-$136M	-$36M	$307M	$300M	$288M	$271M
Shareholders' equity	$6.43B	$5.87B	$3.64B	$1.97B	$1.44B	-$4.82B	-$14.3B	-$15.1B	-$14.2B	-$9.92B
Debt
Total debt (incl. leases)	$15.7B	$16.9B	$16.2B	$23.8B	$26.2B	$29.4B	$38B	$40.1B	$39.7B	$44.7B
Net debt (debt - cash)	$15.1B	$16.3B	$15.7B	$23B	$21.5B	$28.3B	$36.6B	$39.2B	$37.9B	$43.7B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-05-01, 10-K 2026-01-30, 10-Q 2025-10-31, 10-Q 2025-08-01, 10-K 2025-01-31, 10-Q 2024-11-01, 10-Q 2024-08-02

Not updated in the last refresh (older data or none shown): SEC segments.

Data as of 2026-11-01