Lowe’s QQ1 2025 results show a modest top-line decline on a YoY basis but a meaningful sequential improvement as seasonality and mix factors support a rebound into the seasonally stronger quarter. Revenue reached $20.93 billion, down 2.03% year over year, while gross profit of $6.54 billion produced a margin of 31.25%. Operating income was $2.49 billion (operating margin 11.92%), and net income stood at $1.64 billion (net margin 7.84%), with diluted EPS of $2.92. The company generated robust operating cash flow of $3.38 billion and free cash flow of $2.86 billion, enabling meaningful capital allocation activities despite a heavily levered balance sheet. Free cash flow per share was $5.12, underscoring a strong cash-generation engine even as net debt remained elevated at ~$35.9 billion and stockholders’ equity remained negative at ~$-13.25 billion. Management commentary (where available) is not provided in the dataset; thus, forward guidance is not disclosed here. The core earnings strength is tempered by substantial leverage, a large inventory position, and modest liquidity metrics, which collectively frame Lowe’s investment risk around balance-sheet deleveraging alongside continued profitable growth.