Company / Operating Margin
Lowe's Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
11.8%
FY2025
5-year range
10.5% / 13.4%
FY2021-FY2025
Trend
-5.9%
vs FY2024
Sector context
#63 of 184
Consumer Discretionary
What the data says
At 11.8%, Lowe's's operating margin ranks #63 of 184 in the Consumer Discretionary sector. Operating Margin has fluctuated over the past 10 years, ranging from 5.6% in FY2018 to 13.4% in FY2023.
Based on SEC 10-K filings.
11.8% in FY2025 with a 5-year CAGR of +1.0%.
Declined from 13.4% to 11.8% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +1.3pp
- 5-Year Change
- +1.0pp
- 10-Year Change
- -
Sector benchmark
#63 of 184 in Consumer DiscretionaryTop 34% of 184This company 11.8% Sector average 3.4%
▼
+250.7% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 5.9% year-over-year.
- Currently 8.4pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2023.
- Lowest operating margin in the period was in FY2018.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 11.8% | -5.9% |
| FY2024 | 12.5% | -6.5% |
| FY2023 | 13.4% | +27.8% |
| FY2022 | 10.5% | -16.6% |
| FY2021 | 12.6% | +16.6% |
| FY2020 | 10.8% | +23.1% |
| FY2019 | 8.8% | +55.4% |
| FY2018 | 5.6% | -41.4% |
| FY2017 | 9.6% | +6.8% |
| FY2016 | 9.0% | +6.9% |
As of FY2025 · SEC 10-K · Updated Mar 25, 2026