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Held by 899 of 2,417 reporting institutions (99th percentile) — extremely crowded.
Data as of Q3 2026
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What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 34% of free cash flow, leaving room to grow it and fund buybacks. Last year: $2.64B dividends + $211.0M buybacks = $2.85B returned on $7.65B FCF.
9 consecutive years of dividend increases · 15%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Modest payoff on reinvested capital. Current ROIC on all capital: 22%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $982.0M is below the $2.35B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-01-30 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash of $982.0M fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2025, FY2025, FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $209.07 today, the market must believe free cash flow compounds 0.5%/yr for a decade (off $7.17B on the 3-yr avg basis).
On the basis ($6.95B) the requirement is 0.8%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 0.5% is more conservative than its 9-yr track record.
Default is 6.5% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.56B shares (market data) · net debt $38.84B
mean 20.8% · volatility σ 81% · implied rate exceeded in 3/9 yrs
Central path = implied 0.5%/yr growth; shaded band = ±1σ (81%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-10-30
Where each multiple sits in its own 14-yr range · 61th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -67% against ROIC 22% — -89% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2020 | FY2021 | FY2022 | FY2024 | FY2025 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 67.9 | 68.2 | 67.0 | 66.7 | 66.8 | 66.6 | 66.7 | 66.5 |
| Gross Profit | 32.1 | 31.8 | 33.0 | 33.3 | 33.2 | 33.4 | 33.3 | 33.5 |
| SG&A | 24.4 | 21.3 | 20.7 | 19.0 | 20.9 | 18.0 | 18.7 | 19.5 |
| Operating Income | 5.6 | 8.8 | 10.8 | 12.6 | 10.5 | 13.4 | 12.5 | 11.8 |
| Income Tax | 1.5 | 1.9 | 2.1 | 2.9 | 2.7 | 2.8 | 2.6 | 2.4 |
| Net Income | 3.2 | 5.9 | 6.5 | 8.8 | 6.6 | 8.9 | 8.3 | 7.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LOW: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.29B 100.0% | $83.67B 100.0% | $86.38B 100.0% | $97.06B 100.0% | $96.25B 100.0% | $89.60B 100.0% | $72.15B 100.0% | $71.31B 100.0% | $68.62B 100.0% | $65.02B 100.0% |
| Cost of Revenue | $57.40B 66.5% | $55.80B 66.7% | $57.53B 66.6% | $64.80B 66.8% | $64.19B 66.7% | $60.02B 67.0% | $49.20B 68.2% | $48.40B 67.9% | $46.19B 67.3% | $43.34B 66.7% |
| Gross Profit | $28.89B 33.5% | $27.88B 33.3% | $28.84B 33.4% | $32.26B 33.2% | $32.06B 33.3% | $29.57B 33.0% | $22.94B 31.8% | $22.91B 32.1% | $22.43B 32.7% | $21.67B 33.3% |
| Selling, General & Admin | $16.79B 19.5% | $15.68B 18.7% | $15.57B 18.0% | $20.33B 20.9% | $18.30B 19.0% | $18.53B 20.7% | $15.37B 21.3% | $17.41B 24.4% | $14.44B 21.0% | $14.38B 22.1% |
| Operating Income | $10.15B 11.8% | $10.47B 12.5% | $11.56B 13.4% | $10.16B 10.5% | $12.09B 12.6% | $9.65B 10.8% | $6.31B 8.8% | $4.02B 5.6% | $6.59B 9.6% | $5.85B 9.0% |
| Pretax Income | $8.75B 10.1% | $9.15B 10.9% | $10.18B 11.8% | $9.04B 9.3% | $11.21B 11.6% | $7.74B 8.6% | $5.62B 7.8% | $3.39B 4.8% | $5.49B 8.0% | $5.20B 8.0% |
| Income Tax Expense | $2.09B 2.4% | $2.20B 2.6% | $2.45B 2.8% | $2.60B 2.7% | $2.77B 2.9% | $1.90B 2.1% | $1.34B 1.9% | $1.08B 1.5% | $2.04B 3.0% | $2.11B 3.2% |
| Net Income | $6.65B 7.7% | $6.96B 8.3% | $7.73B 8.9% | $6.44B 6.6% | $8.44B 8.8% | $5.83B 6.5% | $4.28B 5.9% | $2.31B 3.2% | $3.45B 5.0% | $3.09B 4.8% |
| Per Share | ||||||||||
| EPS (Basic) | $11.87 | $12.25 | $13.23 | $10.20 | $12.07 | $7.77 | $5.49 | $2.84 | $4.09 | $3.48 |
| EPS (Diluted) | $11.85 | $12.23 | $13.20 | $10.17 | $12.04 | $7.75 | $5.49 | $2.84 | $4.09 | $3.47 |
| Weighted Avg Shares (Basic) | 559.0M | 567.0M | 582.0M | 629.0M | 696.0M | 748.0M | 777.0M | 811.0M | 839.0M | 880.0M |
| Weighted Avg Shares (Diluted) | 560.0M | 568.0M | 584.0M | 631.0M | 699.0M | 750.0M | 778.0M | 812.0M | 840.0M | 881.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 6 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | $328.4B | 23.1× | 15.4× | 2.0× | 3.2% | 33.3% | 8.6% | 110% | 22.8% | 2.0× | 1,478 |
| LOW | $117.2B | 17.6× | 12.6× | 1.4× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.1× | 899 |
| SHW | $80.4B | 32.4× | 24.5× | 3.4× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | 2.8× | 535 |
| FAST | $59.6B | 47.6× | 32.4× | 7.3× | 8.7% | 45.0% | 15.3% | 31.9% | 30.9% | -0.1× | 462 |
| TSCO | $17.7B | 16.5× | 9.8× | 1.1× | 4.3% | 36.4% | 7.1% | 42.5% | 25.2% | 0.8× | 301 |
| BLDR | $7.0B | 16.7× | 8.2× | 0.5× | -7.4% | 30.4% | 2.9% | 10.0% | 4.9% | 3.1× | 119 |
| FND | $5.1B | 24.8× | 10.3× | 1.1× | 5.1% | 43.6% | 4.5% | 8.7% | 8.0% | 0.4× | 88 |
Peers = companies sharing LOW's sector (Retail-Lumber & Other Building Materials Dealers) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Earns 360.16pts above its cost of capital, but margins are compressing.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2018 | 33.3% | 9.0% | 4.8% |
| FY2019 | 32.7% | 9.6% | 5.0% |
| FY2020 | 32.1% | 5.6% | 3.2% |
| FY2020 | 31.8% | 8.8% | 5.9% |
| FY2021 | 33.0% | 10.8% | 6.5% |
| FY2022 | 33.3% | 12.6% | 8.8% |
| FY2024 | 33.2% | 10.5% | 6.6% |
| FY2025 | 33.4% | 13.4% | 8.9% |
| FY2025 | 33.3% | 12.5% | 8.3% |
| FY2026 | 33.5% | 11.8% | 7.7% |
Margins have compressed 2 years running even as the spread stayed positive.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | 53.1% | 6.5% (today's — no rate published for this year) | 46.6pts |
| FY2021 | 202.5% | 6.5% (today's — no rate published for this year) | 196.1pts |
| FY2022 | 37.1% | 6.5% (today's — no rate published for this year) | 30.6pts |
| FY2024 | 32.0% | 6.5% (today's — no rate published for this year) | 25.5pts |
| FY2025 | 34.5% | 6.5% (today's — no rate published for this year) | 28.0pts |
| FY2025 | 31.0% | 6.5% (today's — no rate published for this year) | 24.5pts |
| FY2026 | 22.0% | 6.5% (today's — no rate published for this year) | 15.5pts |
| Now | 22.3% | 6.5% | 15.8pts |
Converts 1.02x of reported profit into free cash flow over 5 years, with accruals negative.
| Step | Amount | Running total |
|---|---|---|
| Net income | $6.65B | $6.65B |
| Share-based comp | $247M | $6.90B |
| Other non-cash & working capital | $2.96B | $9.86B |
| Operating cash flow | $9.86B | $9.86B |
| Capex | −$2.21B | $7.65B |
| Free cash flow | $7.65B | $7.65B |
| FCF after SBC | $7.40B | $7.40B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | 24.2% | not reported | not reported |
| FY2022 | 7.4% | not reported | not reported |
| FY2024 | 0.8% | not reported | not reported |
| FY2025 | -11.0% | not reported | not reported |
| FY2025 | -3.1% | not reported | not reported |
| FY2026 | 3.1% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | -0.0 percent |
| FY2021 | -11.2 percent |
| FY2022 | -3.7 percent |
| FY2024 | -4.9 percent |
| FY2025 | -1.0 percent |
| FY2025 | -6.2 percent |
| FY2026 | -5.9 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.
The cash conversion cycle could not be computed — receivables, inventory or cost of revenue is not reported — so the earliest accrual warning is not part of this verdict.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Ladder as of 2026-01-30 (10-K); cash from the 2026-01-30 balance sheet; FCF from FY2026.
Balance sheet at 2026-01-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: interest_expense.
At $209.07, free cash flow must compound 0.85%/yr for 10 years. It has done 18.15%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | 229.2% | 0.9% |
| FY2022 | −10.8% | 0.9% |
| FY2024 | −18.2% | 0.9% |
| FY2025 | −8.6% | 0.9% |
| FY2025 | 24.6% | 0.9% |
| FY2026 | −0.6% | 0.9% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
The implied rate has been matched or beaten in 2 of the last 6 years.
Last reported position per insider, carried forward. Steps can be a holding disclosed for the first time rather than a trade.
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2026) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.
| Date | Insider | What it was | Shares | Price | Value |
|---|
| 2026-09-30 | Dreiling Richard W Director | Grant | 298 | $184.29 | — |
| 2026-09-30 | Douglas Laurie Z Director | Grant | 81 | $184.29 | — |
| 2026-09-30 | Rogers Brian C Director | Grant | 136 | $184.29 | — |
| 2026-09-30 | Simkins Lawrence Director | Grant | 136 | $184.29 | — |
| 2026-09-30 | Taylor Colleen Director | Grant | 68 | $184.29 | — |
| 2026-09-15 | 2 co-filers EVP, Stores | Tax withholding | 848 | $194.61 | $165k |
| 2026-09-15 | Wilson Jennifer Elizabeth EVP, Chief Marketing Officer | Grant | 2,891 | $0.00 | $0 |
| 2026-09-15 | Filipponi Adam D EVP, Strategy & Business Dev | Grant | 3,212 | $0.00 | $0 |
| 2026-09-15 | Godbole Seemantini EVP, CI & AI Officer | Grant | 396 | $0.00 | $0 |
| 2026-09-15 | 2 co-filers EVP, Stores | Grant | 2,009 | $0.00 | $0 |
| 2026-07-09 | Douglas Laurie Z Director | Grant | 70 | $213.00 | — |
| 2026-07-09 | Simkins Lawrence Director | Grant | 117 | $213.00 | — |
| 2026-07-09 | Taylor Colleen Director | Grant | 59 | $213.00 | — |
| 2026-07-09 | Rogers Brian C Director | Grant | 117 | $213.00 | — |
| 2026-07-09 | Dreiling Richard W Director | Grant | 258 | $213.00 | — |
| 2026-06-18 | Vagell Margrethe R EVP, Supply Chain | Open-market sale | 2,500 | $223.83 | $560k |
| 2026-06-17 | 2 co-filers EVP, CLO & Corp. Sec. | Open-market sale | 9,330 | $224.81 | $2.1m |
| 2026-06-17 | 2 co-filers EVP, CLO & Corp. Sec. | Gift | 670 | $0.00 | $0 |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 2,450 | $84.59 | $207k |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 2,200 | $108.93 | $240k |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 4,000 | $80.42 | $322k |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 5,500 | $135.63 | $746k |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Exercise & sell | 14,150 | $221.90 | $3.1m |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Gift | 476 | $0.00 | $0 |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 2,450 | $0.00 | — |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 2,200 | $0.00 | — |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 4,000 | $0.00 | — |
| 2026-06-16 | 10 co-filers EVP, Human Resources | Option exercise | 5,500 | $0.00 | — |
| 2026-06-15 | Pryor Juliette Williams EVP, CLO & Corp. Sec. | Tax withholding | 9,768 | $220.19 | $2.2m |
| 2026-06-10 | Vagell Margrethe R EVP, Supply Chain | Gift | 455 | $0.00 | $0 |
| 2026-05-29 | Alvarez Ralph Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Baxter Scott H Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Cochran Sandra B Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Douglas Laurie Z Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Dreiling Richard W Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Gupta Navdeep Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Rogers Brian C Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Scott Bertram L Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Simkins Lawrence Director | Grant | 1,003 | $0.00 | — |
| 2026-05-29 | Taylor Colleen Director | Grant | 1,003 | $0.00 | — |
Every row is classified by what it MEANT, not by its SEC code. A code is not a meaning: code P (“purchase”) also covers dividend reinvestment and employee stock purchase plans, and code S (“sale”) also covers 10b5-1 plan sales scheduled months earlier and option exercises sold the same day.
Across 30 days of all filings, $5.08bn of insider selling contained $3.50bn of plan sales and $0.46bn of exercise-and-sell. Only 29% was discretionary. Reading an unclassified feed badly overstates how much insiders decided.
Buys and sales are counted separately and never netted. They are different decisions by different people; a company where one officer bought while another sold is not “neutral”.
The holding line carries each insider's last reported position forward, so it shows the total held rather than a sawtooth of whoever traded that day. It covers only insiders who filed in the window.
“Filed late” counts calendar days past the two-business-day deadline with five days' grace, so a Thursday or Friday trade crossing a weekend is never flagged. It describes the company's filing discipline, not the trade.
Insider activity is descriptive. Nothing here is investment advice.