{"schemaVersion":1,"research":true,"symbol":"low","name":"Lowes Companies","topic":"moat","path":"/stock/low/moat","status":"published","version":4,"updatedAt":"2026-10-17T23:07:00.797Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"none","summary":"The supplied passages support a large, established retailer but do not demonstrate a defensible economic moat. Similar competing offerings, easy price comparison and declining transactions indicate limited customer dependence. The store footprint may provide convenience and operating scale, but relative procurement or fulfillment cost advantages are not established. Higher average tickets provide mixed pricing evidence because price, mix and basket size are not separated. Recent retail segment improvement tempers evidence of erosion, while acquisition returns remain unproven. This assessment would change with sustained evidence of superior delivered costs, repeat customer dependence or price realization without demand loss.","advantages":[],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Item 1 — Business; store footprint","excerpt":"As of January 30, 2026, Lowe’s operated 1,759 home improvement stores and outlets in the United States, representing approximately 196 million square feet of retail selling space."},{"id":"e2","sourceId":"filing-1","location":"Competitive risk; similar online and omnichannel offerings","excerpt":"We face growing competition from online and omnichannel retailers who have a similar product or service offering."},{"id":"e3","sourceId":"filing-1","location":"Competitive risk; digital comparison shopping","excerpt":"Customers are increasingly able to quickly comparison shop and determine real-time product availability and price using digital tools."},{"id":"e4","sourceId":"filing-1","location":"Competitive risk; delivery expectations and investment requirements","excerpt":"Further, online and omnichannel retailers continue to focus on delivery services, as customers are increasingly seeking faster, guaranteed delivery times, including same-day and next-day fulfillment, low-price or free shipping, and convenient pick-up options, and we must make investments to keep up with our customers’ evolving shopping preferences."},{"id":"e5","sourceId":"filing-1","location":"Item 7 — MD&A; fiscal 2023–2025 operating metrics","excerpt":"Other Metrics 2025 2024 2023 Comparable sales increase/(decrease)1 0.2 % (2.7) % (4.7) % Customer transactions (in millions)2,3 780 801 827 Average ticket3 $ 106.13 $ 102.93 $ 102.47 At end of year: Number of retail stores 1,759 1,748 1,746 Sales floor square feet (in millions) 196 195 195 Average retail store size selling square feet (in thousands)4 112 112 112 Net earnings to average debt and shareholders’ deficit 22.1 % 27.5 % 31.6 % Return on invested capital5 26.1 % 32.0 % 36.4 % 1 A comparable location is a retail location that has been open longer than 13 months."},{"id":"e6","sourceId":"filing-2","location":"Item 2 — MD&A; comparable sales, transactions and average ticket","excerpt":"Three Months Ended Six Months Ended Other Metrics July 31, 2026 August 1, 2025 July 31, 2026 August 1, 2025 Comparable sales increase/(decrease) 1 0.2 % 1.1 % 0.4 % (0.3) % Customer transactions (in millions) 2 219 225 416 424 Average ticket 2 $ 107.90 $ 105.49 $ 107.78 $ 105.74 At end of period: Number of retail stores 1,761 1,753 Sales floor square feet (in millions) 196 196 Average retail store size selling square feet (in thousands) 3 111 112 Net earnings to average debt and shareholders’ deficit 21.3 % 25.3 % Return on invested capital 4 25.5 % 29.5 % 1 A comparable location is a retail location that has been open longer than 13 months."},{"id":"e7","sourceId":"filing-1","location":"Commodity Price Risk; management assessment of selling-price adjustments","excerpt":"We believe that the price volatility of these products is partially mitigated by our ability to adjust selling prices."},{"id":"e8","sourceId":"filing-1","location":"Commodity Price Risk; market and competitive constraints on selling prices","excerpt":"The selling prices of these commodity products are influenced, in part, by the market price we pay and our competitive environment."},{"id":"e9","sourceId":"filing-2","location":"Note 13 — Segment Information; Retail Home Improvement results","excerpt":"14 Table of Contents The following table presents the Company’s operating income results for its Retail Home Improvement reportable segment, including significant segment expenses: Three Months Ended Six Months Ended July 31, 2026 August 1, 2025 July 31, 2026 August 1, 2025 (In millions, except percentage data) Amount % Sales Amount % Sales Amount % Sales Amount % Sales Net Sales $ 24,015 100.00 % $ 23,821 100.00 % $ 45,339 100.00 % $ 44,750 100.00 % Less: Cost of sales 15,775 65.69 15,751 66.12 29,855 65.85 29,694 66.36 Expenses: Employee compensation and benefits 2,843 11.84 2,815 11.82 5,690 12.56 5,628 12.58 Occupancy and facility costs 478 1.99 471 1.98 970 2.14 940 2.10 Advertising 269 1.12 249 1.05 477 1.05 448 1.00 Other segment items1 632 2.62 612 2.56 1,278 2.81 1,177 2.63 Selling, general and administrative: 4,222 17.57 4,147 17.41 8,415 18.56 8,193 18.31 Depreciation and amortization 472 1.97 447 1.88 938 2.07 892 1.99 Operating income $ 3,546 14.77 % $ 3,476 14.59 % $ 6,131 13.52 % $ 5,971 13.34 % 1 Other segment items primarily include financial services costs, technology service costs, insurance costs, impairment costs, and store environment initiative and display costs."},{"id":"e10","sourceId":"filing-2","location":"Note 13 — Segment Information; consolidated reconciliation and Other results","excerpt":"Prior-period segment information has been recast to conform to the Company’s current-period segment reporting structure: Three Months Ended July 31, 2026 Retail Home Improvement Other Consolidated (In millions, except percentage data) Amount % Sales Amount % Sales Amount % Sales Net sales $ 24,015 100.00 % $ 1,941 100.00 % $ 25,956 100.00 % Operating income 3,546 14.77 3 0.11 3,549 13.67 Interest – net 374 1.44 Pre-tax earnings 3,175 12.23 Income tax provision 776 2.99 Net earnings $ 2,399 9.24 % Three Months Ended August 1, 2025 Retail Home Improvement Other Consolidated (In millions, except percentage data) Amount % Sales Amount % Sales Amount % Sales Net sales $ 23,821 100.00 % $ 138 100.00 % $ 23,959 100.00 % Operating income 3,476 14.59 (7) (5.61) 3,469 14.48 Interest – net 313 1.31 Pre-tax earnings 3,156 13.17 Income tax provision 758 3.16 Net earnings $ 2,398 10.01 % 15 Table of Contents Six Months Ended July 31, 2026 Retail Home Improvement Other Consolidated (In millions, except percentage data) Amount % Sales Amount % Sales Amount % Sales Net sales $ 45,339 100.00 % $ 3,695 100.00 % $ 49,034 100.00 % Operating income 6,131 13.52 (28) (0.79) 6,103 12.45 Interest – net 773 1.58 Pre-tax earnings 5,330 10.87 Income tax provision 1,303 2.66 Net earnings $ 4,027 8.21 % Six Months Ended August 1, 2025 Retail Home Improvement Other Consolidated (In millions, except percentage data) Amount % Sales Amount % Sales Amount % Sales Net sales $ 44,750 100.00 % $ 138 100.00 % $ 44,888 100.00 % Operating income 5,971 13.34 (7) (5.61) 5,964 13.29 Interest – net 650 1.45 Pre-tax earnings 5,314 11.84 Income tax provision 1,276 2.84 Net earnings $ 4,038 9.00 % 16 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Shareholders of Lowe’s Companies, Inc."},{"id":"e11","sourceId":"filing-2","location":"MD&A — Gross Margin; acquisition costs, fuel, credit revenue and tariff refunds","excerpt":"The gross margin decline for the quarter was driven by the operational cost structure of acquisitions during 2025 and increased fuel costs, partially offset by favorability from credit revenue and tariff refunds."},{"id":"e12","sourceId":"filing-2","location":"Consolidated Statements of Cash Flows; six months ended July 31, 2026","excerpt":"Consolidated Statements of Cash Flows (Unaudited) In Millions Six Months Ended July 31, 2026 August 1, 2025 Cash flows from operating activities: Net earnings $ 4,027 $ 4,038 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 1,292 1,022 Noncash lease expense 338 267 Deferred income taxes 165 70 Loss on property and other assets - net 15 30 Share-based payment expense 132 117 Changes in operating assets and liabilities: Receivables - net (157) (22) Merchandise inventory – net (436) 1,173 Other operating assets 236 20 Accounts payable 1,313 150 Other operating liabilities 84 745 Net cash provided by operating activities 7,009 7,610 Cash flows from investing activities: Purchases of investments (808) (845) Proceeds from sale/maturity of investments 1,079 827 Capital expenditures (1,063) (1,013) Proceeds from sale of property and other long-term assets 8 7 Acquisition of business - net (5) (1,314) Other – net 28 (5) Net cash used in investing activities (761) (2,343) Cash flows from financing activities: Repayment of debt (2,397) (796) Proceeds from issuance of common stock under share-based payment plans 71 70 Cash dividend payments (1,346) (1,290) Repurchases of common stock (366) (113) Other – net (20) (39) Net cash used in financing activities (4,058) (2,168) Net increase in cash and cash equivalents 2,190 3,099 Cash and cash equivalents, beginning of period 982 1,761 Cash and cash equivalents, end of period $ 3,172 $ 4,860 See accompanying notes to the consolidated financial statements (unaudited)."},{"id":"e13","sourceId":"filing-2","location":"Consolidated Balance Sheets; debt, cash and shareholders’ deficit","excerpt":"Consolidated Balance Sheets (Unaudited) In Millions, Except Par Value Data July 31, 2026 August 1, 2025 January 30, 2026 Assets Current assets: Cash and cash equivalents $ 3,172 $ 4,860 $ 982 Short-term investments 235 396 370 Receivables - net 1,238 320 1,090 Merchandise inventory - net 17,737 16,342 17,300 Other current assets 960 721 1,213 Total current assets 23,342 22,639 20,955 Property, less accumulated depreciation 18,276 17,708 18,362 Operating lease right-of-use assets 4,071 3,887 4,303 Long-term investments 179 273 319 Deferred income taxes - net — 140 — Intangible assets - net 5,709 976 5,908 Goodwill 3,957 691 3,945 Other assets 347 300 352 Total assets $ 55,881 $ 46,614 $ 54,144 Liabilities and shareholders' deficit Current liabilities: Current maturities of long-term debt $ 2,352 $ 4,175 $ 2,431 Current operating lease liabilities 733 536 713 Accounts payable 11,076 9,513 9,762 Accrued compensation and employee benefits 1,168 1,098 1,285 Deferred revenue 1,609 1,558 1,477 Other current liabilities 4,194 4,742 3,795 Total current liabilities 21,132 21,622 19,463 Long-term debt, excluding current maturities 35,204 30,548 37,490 Noncurrent operating lease liabilities 3,734 3,801 4,043 Deferred income taxes - net 1,201 — 1,039 Deferred revenue - Lowe's protection plans 1,253 1,283 1,262 Other liabilities 794 760 764 Total liabilities 63,318 58,014 64,061 Shareholders' deficit: Preferred stock, $5 par value: Authorized – 5.0 million shares; Issued and outstanding – none — — — Common stock, $0.50 par value: Authorized – 5.6 billion shares; Issued and outstanding – 561 million, 561 million, and 561 million, respectively 281 280 281 Capital in excess of par value 207 147 370 Accumulated deficit (8,187) (12,108) (10,839) Accumulated other comprehensive income 262 281 271 Total shareholders' deficit (7,437) (11,400) (9,917) Total liabilities and shareholders' deficit $ 55,881 $ 46,614 $ 54,144 See accompanying notes to the consolidated financial statements (unaudited)."},{"id":"e14","sourceId":"filing-1","location":"Note 2 — Acquisitions; completed ADG purchase","excerpt":"Note 2: Acquisitions Artisan Design Group (ADG) On June 2, 2025, the Company completed the acquisition of ADG for an aggregate cash purchase price of $1.3 billion, which is included in the investing section of the consolidated statements of cash flows, net of cash acquired."},{"id":"e15","sourceId":"filing-1","location":"Note 2 — Acquisitions; completed FBM purchase","excerpt":"Foundation Building Materials (FBM) On October 9, 2025, the Company completed the acquisition of FBM for an aggregate cash purchase price of $8.8 billion, which is included in the investing section of the consolidated statements of cash flows, net of cash acquired."},{"id":"e16","sourceId":"filing-3","location":"Compensation Discussion and Analysis; actual 2023–2025 PSU outcome","excerpt":"While our multi-year relative TSR performance compared to our peers and the S&P 500 was above median, our multi-year average adjusted ROIC did not achieve threshold goals set in 2023 and therefore performance share units (“PSUs”) for the 2023-2025 performance period did not pay out, reflecting our pay for performance compensation philosophy."},{"id":"e17","sourceId":"filing-3","location":"Compensation Discussion and Analysis; incentive performance measures","excerpt":"To align pay with performance, our incentive compensation programs use objective, pre-established performance measures: sales, operating income, inventory turnover and Pro sales growth for our annual incentive plan, and ROIC, along with a relative TSR modifier, for our PSUs."},{"id":"e18","sourceId":"filing-3","location":"Compensation Discussion and Analysis; permitted incentive adjustments","excerpt":"The adjustment guidelines provide the Committee flexibility to approve adjustments to incentive plan compensation in certain circumstances, including adjustments to account for (i) amounts required to be reported separately under applicable accounting standards as extraordinary items, (ii) gains or losses as a result of changes in accounting principles, (iii) impact of changes in tax regulations, (iv) business results from unplanned acquisitions and divestitures, (v) costs and any other non-recurring items related to acquisition and divestiture activity, (vi) unplanned debt restructuring costs or costs associated with change in capital structure, (vii) costs of significant unplanned initiatives or investments and (viii) significant changes to stock buyback programs or capital restructuring."},{"id":"e19","sourceId":"filing-3","location":"Proxy Statement Highlights; governance practices and director nominees","excerpt":"Merchant Services at American Express Company 2022 Mary Beth West, 63 | Former Senior Vice President, Chief Growth Officer of The Hershey Company 2021 * * Lead Independent Director Chair Member Board Composition Highlights 5 33% 50% New Independent Director Nominees in the Last Six Years Women Racially/Ethnically Diverse 7.6 Years 65 Years 11 of 12 Independent Director Nominee Average Tenure Independent Director Nominee Average Age Independent 8 Proxy Statement Highlights Skills and Experience Retail Industry CEO Experience 10/12 8/12 Marketing/Brand Management Regulatory/Risk Management 8/12 6/12 Digital/E-Commerce Cybersecurity/Data Protection 7/12 2/12 Supply Chain Management Sustainability 6/12 5/12 Public Company CFO/ Accounting Experience Investment Management/ Financial Analysis 3/12 9/12 Corporate Governance Best Practices Sound and Effective Board Practices Diverse, Engaged Board with Demonstrated Commitment to Refreshment and Independence Commitment to Shareholder Rights •Active Board oversight of Lowe’s strategy, business initiatives, acquisitions and their integration, industry positioning, workforce management, culture and environmental and social topics •Active Board oversight of risk management, including cybersecurity, data protection, privacy and artificial intelligence •Active Board engagement in succession planning of executive officers •Annual Board, committee, individual director and CEO evaluations •Robust shareholder engagement program, including participation of Lead Independent Director •11 out of 12 director nominees (92%) are independent •Eight out of 12 director nominees (67%) are diverse with six (50%) people of color and four (33%) women •Annual review of Board leadership structure •Lead Independent Director with robust and well-defined responsibilities •All Board committees are composed solely of independent directors •Executive sessions of independent directors led by the Lead Independent Director at each Board meeting •Policy on director retirement age of 75 years old •Proactive Board and committee refreshment with focus on optimal mix of skills and experience •Shareholder ability to call special meetings •Market standard shareholder right of proxy access •Directors elected annually to serve one-year terms •Majority voting standard with director resignation policy in uncontested director elections •No shareholder rights plan •Robust year-round shareholder engagement process 2026 Proxy Statement 9 Proxy Statement Highlights Overview of Our Executive Compensation Program Our Executive Compensation Program is Linked to Our Strategy Our executive compensation program is designed to drive long-term shareholder value by aligning executive pay with our strategy and shareholder interests and attracting and retaining talented executives."},{"id":"e20","sourceId":"filing-3","location":"Related Person Transactions; recusal requirement","excerpt":"No director may participate in any discussion or approval of a transaction for which he or she or a member of his or her immediate family is a related person."},{"id":"e21","sourceId":"filing-3","location":"Approved Related Person Transactions; independent committee review","excerpt":"Approved Related Person Transactions The Nominating and Governance Committee of the Company’s Board of Directors, which is comprised entirely of independent directors, has reviewed all of the material terms and approved the following transactions in accordance with the Policy."},{"id":"e22","sourceId":"filing-3","location":"Shareholder plastics proposal; named competitors","excerpt":"Competitors Walmart and Target have disclosed their plastic usage and set plastics reduction goals."},{"id":"e23","sourceId":"filing-3","location":"Proxy business overview; expected acquisition benefits","excerpt":"Both of these acquisitions are expected to expand our large Pro offering and reach."}],"changes":["No comparable previous version."],"limitations":["All sources are supplied issuer filings, dated March 23, April 16 and August 27, 2026, with dateKind filed. Annual financial statements are audited; interim statements are unaudited.","The competition discussion largely identifies categories. Walmart and Target are explicitly called competitors in a shareholder proposal, but that passage supplies no comparative economic evidence. Compensation peer membership alone does not establish competitive coverage.","No relative procurement costs, fulfillment economics, market-share trends, exclusive product rights or customer switching restrictions are supplied. Scale alone does not establish a cost advantage or efficient scale.","Average ticket combines pricing, product mix and basket size. Transaction counts provide indirect demand evidence, not measured customer retention or proof that customers switched to competitors.","Acquisition expansion and synergy benefits remain expectations. Purchased customer-relationship valuations do not demonstrate switching costs or durable loyalty.","Compensation and governance disclosures support assessment of actual practices, but management ownership amounts, complete award terms and subsequent annual-meeting voting outcomes are absent. Director nominee statistics are not treated as confirmed election results.","Generic competitive risks are possibilities rather than demonstrated losses. Declining transactions and returns do not establish their cause, and consolidated margin changes are affected by acquisition mix and tariff refunds."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":1,"rationale":"The extensive store footprint supports convenience and scale, but similar competing offerings and easy comparison shopping weaken differentiation. No relative cost advantage, exclusivity or protected local market is demonstrated.","evidenceIds":["e1","e2","e3"]},{"criterion":"durability","grade":1,"rationale":"A substantial physical footprint persists, but delivery capabilities require continuing investment and no enduring barrier protects its economics. Expected acquisition expansion is potential rather than demonstrated durability.","evidenceIds":["e1","e4","e23"]},{"criterion":"customer_dependency","grade":1,"rationale":"Similar alternatives and price transparency imply weak shopping friction. Transactions fell from 827 million in 2023 to 780 million in 2025 and declined again in the first half of 2026. This is indirect demand evidence, not a customer retention measurement.","evidenceIds":["e2","e3","e5","e6"]},{"criterion":"erosion_resilience","grade":2,"rationale":"First-half 2026 retail segment sales and operating margin improved, demonstrating some resilience despite lower transactions and declining reported ROIC. Continued transaction declines accompanied by deteriorating retail segment economics would invalidate that resilience; current results do not establish durable protection.","evidenceIds":["e5","e6","e9"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":2,"rationale":"Average ticket increased in 2025 and first-half 2026 while comparable sales barely grew and transactions declined. This is mixed indirect evidence of realized selling outcomes; it cannot isolate price increases from mix or basket size. Management's stated ability to adjust commodity prices is not proof of successful pass-through.","evidenceIds":["e5","e6","e7","e8"]},{"criterion":"retention","grade":1,"rationale":"Repeated transaction declines indicate fragile demand retention despite higher tickets and modest recent comparable-sales growth. Assessment uses aggregate operating evidence; repeat purchase rates and customer cohorts are unavailable.","evidenceIds":["e5","e6"]},{"criterion":"margin_resilience","grade":2,"rationale":"Retail segment operating margin improved in first-half 2026, while consolidated margin declined. Acquisition cost structure and fuel explain part of the pressure, with tariff refunds and credit revenue providing offsets. These mixed outcomes do not establish strong pricing-led margin protection.","evidenceIds":["e9","e10","e11"]},{"criterion":"contractual_freedom","grade":2,"rationale":"The commodity disclosure describes an ability to adjust selling prices, constrained by procurement market prices and competition. It supports some pricing discretion, although it is a management assertion limited to commodity products; broader customer contract restrictions are not supplied.","evidenceIds":["e7","e8"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"First-half 2026 operating cash flow of $7.009 billion funded $1.063 billion of capital expenditures, debt repayment and shareholder distributions. Against that, the $10.1 billion combined acquisition spending has unproven returns, Other remained loss-making, debt is substantial and ROIC declined. Evidence supports mixed discipline.","evidenceIds":["e12","e13","e14","e15","e10","e6"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Disclosed incentives incorporate operating measures and ROIC, and 2023–2025 PSUs actually paid nothing after missing the ROIC threshold despite favorable relative TSR. This demonstrates consequences for underperformance. Committee adjustment discretion and missing ownership detail limit the assessment.","evidenceIds":["e16","e17","e18"]},{"criterion":"execution","grade":2,"rationale":"Recent retail segment sales and operating income improved and cash generation remained substantial. Lower transactions, declining ROIC and losses in acquired operations offset those achievements. Execution is assessed from operating outcomes rather than management's favorable characterization.","evidenceIds":["e9","e10","e12","e6"]},{"criterion":"governance","grade":3,"rationale":"Disclosed independent committees, shareholder rights, annual director elections and related-person recusal and approval procedures provide strong governance mechanisms. The combined chairman and CEO role tempers this assessment. Nominee independence figures do not establish subsequent election outcomes, and procedures do not guarantee effective oversight.","evidenceIds":["e19","e20","e21"]}]}],"qualityPolicy":"quality-scores-2","basisHash":"d6625031304c7cdff3585a97ab4cb2aae9a8c83d7a5844baa683909263be98ca","updatedAt":"2026-10-17T23:07:00.797Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/60667/000006066726000029/low-20260130.htm","publishedAt":"2026-03-23","sha256":"1cc9eabd4caee967742833b4b6994e91d89f4c5868a1ff25c091729b905e9f5e","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/60667/000006066726000117/low-20260731.htm","publishedAt":"2026-08-27","sha256":"dc1a9cabf580a01995d52dd4058d109c6753d89011358a9e3864c01607148c5a","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/60667/000006066726000056/low-20260415.htm","publishedAt":"2026-04-16","sha256":"8cbec6072eaaadee3c9884e536a2a1dc225af39e089550d36cbca4c8d4dd226a","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:80958b97ee9ee624cf2082ee3fb2a9e16158ee2f8d567ed15a6de9c08bbfe943","usage":{"input_tokens":54057,"cached_input_tokens":0,"cache_write_input_tokens":0,"output_tokens":2935,"reasoning_output_tokens":212},"basisSupplement":{"previousHash":"15ea3a4e3bd9bf35ecd85bf24a63a8596059eb6e5923e095eabe28e8a353ee0c","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; accepted observations and research date retained"}},"signals":[{"period":"2022","end":"2022-01-28","values":{"gross_margin":33.304935064935066,"operating_margin":12.564155844155845,"roic":48.83309268151562,"fcf_margin":8.581818181818182,"sbc_revenue":0.23896103896103893},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"Equity attributable to owners is zero or negative, so this ratio is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roe":"Average equity attributable to owners is zero or negative, so this ratio is undefined.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_equity":"Equity is zero or negative, so this ratio is undefined.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2023","end":"2023-02-03","values":{"gross_margin":33.23442442225863,"operating_margin":10.466829454249476,"roic":38.97562783954421,"fcf_margin":6.964835821510627,"sbc_revenue":0.22975715801728847},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"Equity attributable to owners is zero or negative, so this ratio is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roe":"Average equity attributable to owners is zero or negative, so this ratio is undefined.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_equity":"Equity is zero or negative, so this ratio is undefined.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2024","end":"2024-02-02","values":{"gross_margin":33.39314863910532,"operating_margin":13.37971913819651,"roic":45.81481277189745,"fcf_margin":7.1500515183440045,"sbc_revenue":0.2431202750732255},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"Equity attributable to owners is zero or negative, so this ratio is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roe":"Average equity attributable to owners is zero or negative, so this ratio is undefined.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_equity":"Equity is zero or negative, so this ratio is undefined.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2025","end":"2025-01-31","values":{"gross_margin":33.31620336066162,"operating_margin":12.508067022014007,"roic":40.334558418907974,"fcf_margin":9.19999043908502,"sbc_revenue":0.2641202763104429},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"Equity attributable to owners is zero or negative, so this ratio is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roe":"Average equity attributable to owners is zero or negative, so this ratio is undefined.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_equity":"Equity is zero or negative, so this ratio is undefined.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2026","end":"2026-01-30","values":{"gross_margin":33.4758825301903,"operating_margin":11.766682891778505,"roic":31.838611012155223,"fcf_margin":8.867023619127089,"sbc_revenue":0.28625733027374084},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"Equity attributable to owners is zero or negative, so this ratio is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roe":"Average equity attributable to owners is zero or negative, so this ratio is undefined.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt_equity":"Equity is zero or negative, so this ratio is undefined.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/60667/000006066726000029/low-20260130.htm","publishedAt":"2026-03-23","sha256":"1cc9eabd4caee967742833b4b6994e91d89f4c5868a1ff25c091729b905e9f5e","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/60667/000006066726000117/low-20260731.htm","publishedAt":"2026-08-27","sha256":"dc1a9cabf580a01995d52dd4058d109c6753d89011358a9e3864c01607148c5a","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/60667/000006066726000056/low-20260415.htm","publishedAt":"2026-04-16","sha256":"8cbec6072eaaadee3c9884e536a2a1dc225af39e089550d36cbca4c8d4dd226a","dateKind":"filed"}],"history":[{"version":4,"updatedAt":"2026-10-18T16:49:32.080Z","verdict":"none","value":null},{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"none","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"none","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}