LNYSEFire, Marine & Casualty InsuranceFiscal year ends December 31
LOEWS CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$110.23−0.29 (-0.26%)
Close on Oct 19, 2026
- Market cap
- $22.66B
- P/E (TTM)
- 13.5
- Dividend yield
- 0.23%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Net margin
9.0%+16.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.4% | +9.5% | +8.0% | +3.2% | |
| Net income | +17.9% | +26.6% | – | +20.4% | |
| EPS, diluted | +24.3% | +33.1% | – | +27.2% | |
| Free cash flow | +12.8% | +0.6% | +21.1% | +3.1% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 3.7% | -5.0% | 9.3% | |
| Return on assets | 0.9% | -1.1% | 2.0% | |
| Debt to equity | 0.59 | 0.57 | 0.51 | |
| Capex to revenue | 11.1% | 5.6% | 3.1% | |
| Diluted shares | 338M | 280M | 209M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Loews generated $16.15B from operations and spent $7.46B on capital expenditure, dividends and share buybacks. 41% of that went back into the business.
Generated
$16.15B
Used
$7.46B
Capital expenditure$3.04B41%Dividends$290.00M4%Share buybacks$4.13B55%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.0%
×Asset turnover0.22×
×Equity multiplier4.71×
=Return on equity, FY20259.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.0% | 0.22× | 4.71× | 9.3% |
| FY2024 | 8.1% | 0.22× | 4.92× | 8.6% |
| FY2023 | 9.0% | 0.21× | 5.15× | 9.5% |
| FY2022 | 5.9% | 0.18× | 4.88× | 5.1% |
| FY2021 | 10.7% | 0.18× | 4.53× | 8.7% |
| FY2020 | -7.4% | 0.15× | 4.39× | -5.0% |
| FY2019 | 6.2% | 0.19× | 4.27× | 5.0% |
| FY2018 | 4.5% | 0.18× | 4.19× | 3.4% |
| FY2017 | 8.5% | 0.18× | 4.18× | 6.2% |
| FY2016 | 5.0% | 0.17× | 4.27× | 3.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.67B
- Cash generatingOperating cash flow above zero$3.28B
- Return on assets improvedROA up on the prior year1.8% → 2.0%
- Earnings backed by cashOperating cash flow above net income$3.28B vs $1.67B
- Less leverageLong-term debt to assets fell10.9% → 9.8%
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise221M → 209M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.22 → 0.23