How do Lowe's and AT&T compare by revenue?

Lowe's reported revenue of $20.8B in Q3 FY2026, while AT&T reported $31.5B in Q1 FY2026. AT&T is 1.5× larger by last-quarter revenue.

Which is growing revenue faster, Lowe's or AT&T?

Lowe's's latest revenue grew 3.2% year-over-year, versus 2.9% for AT&T. Lowe's is growing faster on a YoY basis.

Which has a higher net margin, Lowe's or AT&T?

Lowe's's net margin is 7.8% vs AT&T's 13.3%. AT&T has the higher bottom-line margin.

Which generates more free cash flow, Lowe's or AT&T?

Lowe's generated $90.0M of free cash flow last quarter, versus $2.5B for AT&T. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Lowe's vs AT&T?

Over the trailing 8 quarters, Lowe's compounded revenue at roughly -8.7% per year, versus 2.8% for AT&T. AT&T has the faster medium-term growth trajectory.

Where does this LOW vs T data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Lowe's (LOW) and AT&T (T). Click either name above to swap in a different company.

AT&T is the larger business by last-quarter revenue ($31.5B vs $20.8B, roughly 1.5× Lowe's). AT&T runs the higher net margin — 13.3% vs 7.8%, a 5.5% gap on every dollar of revenue. On growth, Lowe's posted the faster year-over-year revenue change (3.2% vs 2.9%). AT&T produced more free cash flow last quarter ($2.5B vs $90.0M). Over the past eight quarters, AT&T's revenue compounded faster (2.8% CAGR vs -8.7%).

Lowe'sLOWEarnings & Financial Report

NYSE · Consumer Discretionary · Home Improvement Retail

Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of October 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.

AT&TTEarnings & Financial Report

NYSE · Communication Services · Integrated Telecommunication Services

AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.

LOW vs T — Head-to-Head

Bigger by revenue

1.5× larger

$31.5B

$20.8B

Growing faster (revenue YoY)

LOW

+0.3% gap

3.2%

2.9%

Higher net margin

5.5% more per $

13.3%

7.8%

More free cash flow

$2.4B more FCF

$2.5B

$90.0M

Faster 2-yr revenue CAGR

Annualised

2.8%

-8.7%

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric	LOW	T
Revenue	$20.8B	$31.5B
Net Profit	$1.6B	$4.2B
Gross Margin	34.2%	—
Operating Margin	11.9%	21.1%
Net Margin	7.8%	13.3%
Revenue YoY	3.2%	2.9%
Net Profit YoY	-4.7%	-10.9%
EPS (diluted)	$2.88	$0.54

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue

LOW

Q1 26	—	$31.5B
Q4 25	$20.8B	$33.5B
Q3 25	—	$30.7B
Q2 25	$20.9B	$30.8B
Q1 25	—	$30.6B
Q4 24	$20.2B	$32.3B
Q3 24	$23.6B	$30.2B
Q2 24	$21.4B	$29.8B

Net Profit

LOW

Q1 26	—	$4.2B
Q4 25	$1.6B	$3.8B
Q3 25	—	$9.3B
Q2 25	$1.6B	$4.5B
Q1 25	—	$4.4B
Q4 24	$1.7B	$4.1B
Q3 24	$2.4B	$-174.0M
Q2 24	$1.8B	$3.6B

Gross Margin

LOW

Q1 26	—	—
Q4 25	34.2%	—
Q3 25	—	—
Q2 25	33.4%	—
Q1 25	—	—
Q4 24	33.7%	—
Q3 24	33.5%	—
Q2 24	33.2%	—

Operating Margin

LOW

Q1 26	—	21.1%
Q4 25	11.9%	17.3%
Q3 25	—	19.9%
Q2 25	11.9%	21.1%
Q1 25	—	18.8%
Q4 24	12.6%	16.5%
Q3 24	14.6%	7.0%
Q2 24	12.4%	19.3%

Net Margin

LOW

Q1 26	—	13.3%
Q4 25	7.8%	11.3%
Q3 25	—	30.3%
Q2 25	7.8%	14.6%
Q1 25	—	14.2%
Q4 24	8.4%	12.6%
Q3 24	10.1%	-0.6%
Q2 24	8.2%	12.1%

EPS (diluted)

LOW

Q1 26	—	$0.54
Q4 25	$2.88	$0.52
Q3 25	—	$1.29
Q2 25	$2.92	$0.62
Q1 25	—	$0.61
Q4 24	$2.99	$0.56
Q3 24	$4.17	$-0.03
Q2 24	$3.06	$0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	LOW	T
Cash + ST InvestmentsLiquidity on hand	$1.0B	$12.0B
Total DebtLower is stronger	$37.5B	$131.6B
Stockholders' EquityBook value	$-10.4B	$125.6B
Total Assets	$53.5B	$421.2B
Debt / EquityLower = less leverage	—	1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

LOW

Q1 26	—	$12.0B
Q4 25	$1.0B	$18.2B
Q3 25	—	$20.3B
Q2 25	$3.4B	$10.5B
Q1 25	—	$6.9B
Q4 24	$3.6B	$3.3B
Q3 24	$4.7B	$2.6B
Q2 24	$3.5B	$3.1B

Total Debt

LOW

Q1 26	—	$131.6B
Q4 25	$37.5B	$127.1B
Q3 25	—	$128.1B
Q2 25	$30.5B	$123.1B
Q1 25	—	$117.3B
Q4 24	$32.9B	$118.4B
Q3 24	$34.7B	$126.4B
Q2 24	$34.6B	$125.4B

Stockholders' Equity

LOW

Q1 26	—	$125.6B
Q4 25	$-10.4B	$126.5B
Q3 25	—	$126.8B
Q2 25	$-13.3B	$121.4B
Q1 25	—	$119.9B
Q4 24	$-13.4B	$118.2B
Q3 24	$-13.8B	$116.3B
Q2 24	$-14.6B	$119.3B

Total Assets

LOW

Q1 26	—	$421.2B
Q4 25	$53.5B	$420.2B
Q3 25	—	$423.2B
Q2 25	$45.4B	$405.5B
Q1 25	—	$397.5B
Q4 24	$44.7B	$394.8B
Q3 24	$44.9B	$393.7B
Q2 24	$45.4B	$398.0B

Debt / Equity

LOW

Q1 26	—	1.05×
Q4 25	—	1.00×
Q3 25	—	1.01×
Q2 25	—	1.01×
Q1 25	—	0.98×
Q4 24	—	1.00×
Q3 24	—	1.09×
Q2 24	—	1.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	LOW	T
Operating Cash FlowLast quarter	$687.0M	$7.6B
Free Cash FlowOCF − Capex	$90.0M	$2.5B
FCF MarginFCF / Revenue	0.4%	8.0%
Capex IntensityCapex / Revenue	2.9%	15.5%
Cash ConversionOCF / Net Profit	0.43×	1.82×
TTM Free Cash FlowTrailing 4 quarters	$6.4B	$17.2B