• Lowe's average pre-tax profit margin for 2023 was 9.77%, a 12.77% increase from 2022.
• Lowe's average pre-tax profit margin for 2022 was 11.2%, a 13.71% decline from 2021.
• Lowe's average pre-tax profit margin for 2021 was 9.85%, a 15.61% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.