• Lowe's average net profit margin for 2023 was 7.05%, a 15.37% increase from 2022.
• Lowe's average net profit margin for 2022 was 8.33%, a 12.26% decline from 2021.
• Lowe's average net profit margin for 2021 was 7.42%, a 16.67% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.