Lowe's (LOW)财务
NYSE · Consumer Cyclical · Home Improvement · 员工276,000人 · CEO Marvin R. Ellison
- 股价
- $209.07 +0.86%
- 市值
- $1170亿
- 企业价值
- $1560亿
- 最近财报
- Q2 '26 2026-08-27提交
- 下次财报
- 2026-11-18 EPS预期 $2.87
营收(TTM)$904亿+8.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)11.4%-1.0 百分点 对比去年同期营业利润 $103亿
净利润(TTM)$66.4亿-3.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$70亿-8.9% 对比去年同期资本支出 $22.6亿
稀释EPS(TTM)$11.83-2.9% 对比去年同期最近4个季度之和
净现金-$386亿-14.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1170亿 EV $1560亿
- 营收
- $904亿 过去12个月
- 营收增速
- +7% FY2027年一致预期
- 净利润率
- 7.3% 净利润 / 营收,TTM
- P/E
- 17.7× 预期 17.0×(FY2027)
- P/S
- 1.3× 股价 / 营收,TTM
- EV / EBITDA
- 12.2× TTM
- 自由现金流
- $70亿 过去12个月
- 净利润
- $66.4亿 过去12个月
- 营收预期
- $922亿 FY2027年一致预期
- 盈利
- 2026-11-18 营收预期 $224亿
- 股息
- $4.90 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-19):营收低于预期0.7%,EPS 超预期4.3%营收$260亿,预期$261亿(-0.7%);EPS $4.40,预期$4.22(+4.3%)。
- 营收增长加速:同比8.3%Q2 '26营收$260亿,此前四个季度的平均值为6.5%。
- 营业利润率11.4%(TTM),较去年同期-1.0 百分点营收增长8.2%,营业利润增长-0.4%。
- 税前利润的17.4%被营业外亏损吞噬税前利润$87.6亿,营业利润$103亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的2.5%(去年为2.5%)最近4个季度投入$22.6亿(同比+6.1%)。自由现金流$70亿,相当于净利润的105.4%。
- 股东回报$31.6亿 = 自由现金流的45.1%回购$4.64亿(去年为$22.4亿),股息$26.9亿,股权激励$2.62亿(TTM)。
- 稀释股数一年内增加0.0%Q2 '26稀释股数5.6亿,一年前为5.6亿。
- 净债务 $386亿现金 + 短期投资 $34.1亿,含租赁债务 $420亿;一年前净债务 $338亿。
- Reportable Segment:营收+0.8%,利润率14.8%(此前为14.6%)Q2 '26增长最快的披露分部:营收$240亿,营业利润$35.5亿(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-07-31的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $260亿 | $240亿 | +8.3% |
| 毛利率 | 33.0% | 33.8% | -0.8 百分点 |
| 营业利润 | $35.5亿 | $34.7亿 | +2.3% |
| 营业利润率 | 13.7% | 14.5% | -0.8 百分点 |
| 净利润 | $24亿 | $24亿 | 0.0% |
| 稀释EPS | $4.27 | $4.27 | 0.0% |
| 经营现金流 | $36.6亿 | $42.3亿 | -13.5% |
| 资本支出 | $5.42亿 | $4.95亿 | +9.5% |
| 自由现金流 | $31.2亿 | $37.4亿 | -16.6% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $6700万 | $5900万 | +13.6% |
实际 vs 一致预期
2026-08-19| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $260亿 | $261亿 | -0.7% |
| EPS(一致预期口径) | $4.40 | $4.22 | +4.3% |
来自2026-08-19发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Home Decor | $78.2亿 | -6.5% | 32.6% | – | – | |
| Building Products | $75.5亿 | +6.6% | 31.5% | – | – | |
| Hardlines | $79.5亿 | +1.7% | 33.1% | – | – | |
| Other Sales | $6.92亿 | -1.0% | 2.9% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $259亿 | – | 99.7% | – | – | |
| Non-US | $7300万 | – | 0.3% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Reportable Segment | $240亿 | +0.8% | $35.5亿 | +2.0% | 14.8% | 14.6% | – |
| Material Reconciling Items | – | – | $300万 | +142.9% | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $92.6亿
- 资本支出
- -$22.6亿
- 股票回购
- -$4.64亿
- 股息
- -$26.9亿
- 收购
- -$87.8亿
- 债务净发行
- $31.6亿
- 股权激励费用
- $2.62亿
- 自由现金流
- $70亿
- 股东回报 / FCF
- 45.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 17.7× | 20.0× | 16.1× – 22.5× |
| EV / EBITDA | 12.2× | 14.0× | 12.0× – 15.5× |
| EV / 营收 | 1.7× | 2.0× | 1.7× – 2.2× |
| 股价 / FCF | 16.8× | 19.6× | 19.2× – 20.1× |
| 股价 / 净资产 | -15.7× | – | – |
| FCF收益率 | 6.0% | 5.1% | 5.0% – 5.2% |
| 投入资本回报率 | 20.6% | 27.4% | 20.4% – 32.3% |
| 净资产收益率 | -71.8% | -77.6% | -175.3% – -45.2% |
分析师
一致目标价 $240.00 (+14.8%)
区间 $190.00 – $276.00 · 评级 Buy
强烈买入0
买入31
持有19
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $922亿 | +6.8% | $12.27 | +3.5% | 17.0× | 20 |
| FY2028 | $944亿 | +2.4% | $12.96 | +5.6% | 16.1× | 21 |
| FY2029 | $976亿 | +3.3% | $14.12 | +9.0% | 14.8× | 12 |
| FY2030 | $1020亿 | +4.6% | $15.86 | +12.3% | 13.2× | 5 |
| FY2031 | $1040亿 | +2.0% | $16.67 | +5.1% | 12.5× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Lowe's Companies, Inc.在近期10-Q / 10-K文件中标记的全部262项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $111亿 | $95.1亿 | +16.4% | $97.6亿 | $92.9亿 | +5.1% |
| Accrual for Taxes Other than Income Taxes, Current | $1.53亿2026-01-30 | $1.38亿 | +10.9% | $1.53亿 | $1.38亿 | +10.9% |
| Accrued Income Taxes, Current | $2300万2026-01-30 | $4.91亿 | -95.3% | $2300万 | $4.91亿 | -95.3% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $2.62亿 | $2.81亿 | -6.8% | $2.71亿 | $2.88亿 | -5.9% |
| Additional Paid in Capital, Common Stock | $2.07亿 | $1.47亿 | +40.8% | $3.7亿 | $0 | – |
| Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings | $7.02亿 | $6.73亿 | +4.3% | $26.6亿 | $25.8亿 | +3.3% |
| Adjustments to Additional Paid in Capital, Other | $02026-01-30 | – | – | $2000万 | – | – |
| Advertising Expense | – | – | – | $9.78亿 | $9.21亿 | +6.2% |
| Amortization of Intangible Assets | $9800万 | $1200万 | +716.7% | $1.4亿 | $1300万 | +976.9% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 30万 | 30万 | 0.0% | 20万 | 10万 | +100.0% |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $2.7亿2026-01-30 | $2.88亿 | -6.3% | $2.7亿 | $2.88亿 | -6.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $7300万 | $6400万 | +14.1% | $2.47亿 | $2.22亿 | +11.3% |
| Assets | $559亿 | $466亿 | +19.9% | $541亿 | $431亿 | +25.6% |
| Assets, Current | $233亿 | $226亿 | +3.1% | $210亿 | $204亿 | +2.9% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $02025-10-31 | $5400万 | -100.0% | – | – | – |
| Business Combination, Contingent Consideration, Liability, Noncurrent | $02025-10-31 | $0 | – | $2100万2023-02-03 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $31.7亿 | $48.6亿 | -34.7% | $9.82亿 | $17.6亿 | -44.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $31.7亿 | $48.6亿 | -34.7% | $9.82亿 | $17.6亿 | -44.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $23.9亿 | $18.1亿 | +32.1% | -$7.79亿 | $8.4亿 | -192.7% |
| Common Stock, Dividends, Per Share, Declared | $1.25 | $1.20 | +4.2% | $4.75 | $4.55 | +4.4% |
| Common Stock, Par or Stated Value Per Share | $0.50 | $0.50 | 0.0% | $0.50 | $0.50 | 0.0% |
| Common Stock, Shares Authorized | 56亿 | 56亿 | 0.0% | 56亿 | 56亿 | 0.0% |
| Common Stock, Shares, Issued | 5.61亿 | 5.61亿 | 0.0% | 5.61亿 | 5.6亿 | +0.2% |
| Common Stock, Shares, Outstanding | 5.61亿 | 5.61亿 | 0.0% | 5.61亿 | 5.6亿 | +0.2% |
| Common Stock, Value, Outstanding | $2.81亿 | $2.8亿 | +0.4% | $2.81亿 | $2.8亿 | +0.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $24亿 | $23.9亿 | +0.1% | $66.4亿 | $69.5亿 | -4.4% |
| Contract with Customer, Liability, Current | $16.1亿 | $15.6亿 | +3.3% | $14.8亿 | $13.6亿 | +8.8% |
| Contract with Customer, Liability, Noncurrent | $12.5亿 | $12.8亿 | -2.3% | $12.6亿 | $12.7亿 | -0.5% |
| Contract with Customer, Liability, Revenue Recognized | $1.47亿 | $1.44亿 | +2.1% | $5.8亿 | $5.61亿 | +3.4% |
| Contract with Customer, Refund Liability, Current | $2.12亿 | $2.11亿 | +0.5% | $1.78亿 | $1.67亿 | +6.6% |
| Contract with Customer, Right to Recover Product, Current | $1.29亿 | $1.23亿 | +4.9% | $1.09亿 | $9900万 | +10.1% |
| Cost of Goods and Services Sold | $174亿 | $159亿 | +9.6% | $574亿 | $558亿 | +2.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $14.4亿 | $17.6亿 | -18.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $18.3亿 | $21.9亿 | -16.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3.86亿 | $4.24亿 | -9.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $2.36亿 | $0 | – |
| Deferred Income Tax Assets, Net | $0 | $1.4亿 | -100.0% | $0 | $2.44亿 | -100.0% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $2.64亿 | $800万 | +3,200.0% |
| Deferred Income Tax Liabilities, Net | $12亿 | $0 | – | $10.4亿 | $0 | – |
| Deferred Income Taxes and Tax Credits | -$3800万 | -$5600万 | +32.1% | $2.56亿 | $900万 | +2,744.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $2800万 | $800万 | +250.0% |
| Deferred Tax Assets, Capital Loss Carryforwards | $6.91亿2026-01-30 | $6.45亿 | +7.1% | $6.91亿 | $6.45亿 | +7.1% |
| Deferred Tax Assets, Gross | $30.9亿2026-01-30 | $27.2亿 | +13.6% | $30.9亿 | $27.2亿 | +13.6% |
| Deferred Tax Assets, Net | – | – | – | $2.44亿2025-01-31 | $2.48亿 | -1.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $20.2亿2026-01-30 | $17.2亿 | +17.6% | $20.2亿 | $17.2亿 | +17.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $2.83亿2026-01-30 | $2.61亿 | +8.4% | $2.83亿 | $2.61亿 | +8.4% |
| Deferred Tax Assets, Other | $5.59亿2026-01-30 | $3.9亿 | +43.3% | $5.59亿 | $3.9亿 | +43.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $4900万2026-01-30 | $4600万 | +6.5% | $4900万 | $4600万 | +6.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Self Insurance | $2.4亿2026-01-30 | $2.33亿 | +3.0% | $2.4亿 | $2.33亿 | +3.0% |
| Deferred Tax Assets, Valuation Allowance | $10.7亿2026-01-30 | $10亿 | +6.9% | $10.7亿 | $10亿 | +6.9% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $10.9亿2026-01-30 | $3700万 | +2,843.2% | $10.9亿 | $3700万 | +2,843.2% |
| Deferred Tax Liabilities, Gross | $30.6亿2026-01-30 | $14.7亿 | +107.7% | $30.6亿 | $14.7亿 | +107.7% |
| Deferred Tax Liabilities, Leasing Arrangements | $11.4亿2026-01-30 | $10.1亿 | +12.3% | $11.4亿 | $10.1亿 | +12.3% |
| Deferred Tax Liabilities, Net | $10.4亿2026-01-30 | – | – | $10.4亿 | – | – |
| Deferred Tax Liabilities, Other | $9900万2026-01-30 | $1.07亿 | -7.5% | $9900万 | $1.07亿 | -7.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $7.31亿2026-01-30 | $3.15亿 | +132.1% | $7.31亿 | $3.15亿 | +132.1% |
| Defined Contribution Plan, Cost | – | – | – | $2.01亿 | $1.72亿 | +16.9% |
| Depreciation, Depletion and Amortization | $6.48亿 | $5.15亿 | +25.8% | $21.9亿 | $19.7亿 | +11.3% |
| Depreciation, Depletion and Amortization, Nonproduction | $5.72亿 | $4.57亿 | +25.2% | $19.4亿 | $17.3亿 | +12.3% |
| Depreciation, Nonproduction | – | – | – | $21亿 | $20亿 | +5.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
上次刷新未更新（显示旧数据或无数据）：SEC segments。
数据截至 2026-11-01