Overview
LOEWS CORP
Latest 10-K: FY2025, filed Feb 10, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $18.45B
- 5.4%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Net income
- $1.67B
- 17.9%YoYup from FY2024
- NetIncome
- Diluted EPS
- $7.97
- 24.3%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 209.1M
- 5.2%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- LOEWS CORP reported revenue of $18.45B for fiscal 2025, up 5.4% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Net margin was 9.0%, against a median of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $7.97, up 24.3% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Nov 1, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $18.45B5.4%up Benchmark median 6.4% | $17.51B10.1%up Benchmark median 4.5% | $15.90B13.2%up Benchmark median 4.8% | $14.04B4.2%down Benchmark median 10.3% | $14.66B16.5%up Benchmark median 13.8% | 5.9% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | — | — | — | — | — | — Benchmark median 7.2% |
| Net Income | $1.67B17.9%up Benchmark median 4.8% | $1.41B1.4%down Benchmark median 5.7% | $1.43B74.5%up Benchmark median 1.9% | $0.82B47.4%down Benchmark median 1.3% | $1.56Bn/m Benchmark median 33.9% | 1.6% Benchmark median 4.1% |
| EPS (Diluted) | $7.9724.3%up Benchmark median 6.2% | $6.411.9%up Benchmark median 7.9% | $6.2986.1%up Benchmark median 1.9% | $3.3843.7%down Benchmark median 1.5% | $6.00n/m Benchmark median 34.8% | 7.4% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $86.35B5.4%up Benchmark median 5.6% | $81.94B3.5%up Benchmark median 3.4% | $79.20B4.8%up Benchmark median 4.1% | $75.57B7.4%down Benchmark median 2.2% | $81.63B1.7%up Benchmark median 6.7% | 1.4% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $66.71B4.2%up Benchmark median 6.4% | $64.01B2.1%up Benchmark median 1.9% | $62.67B3.8%up Benchmark median 2.9% | $60.37B3.3%down Benchmark median 2.0% | $62.45B2.3%up Benchmark median 5.2% | 1.7% Benchmark median 4.4% |
| Stockholders' Equity | $19.64B9.5%up Benchmark median 6.8% | $17.94B8.5%up Benchmark median 5.4% | $16.52B8.7%up Benchmark median 7.3% | $15.20B13.0%down Benchmark median 2.5% | $17.47B3.8%up Benchmark median 9.0% | 3.0% Benchmark median 6.1% |
| Cash & Equivalents | — | — | — | — | — | — Benchmark median 2.0% |
| Total Debt | $9.49B6.1%up Benchmark median 2.1% | $8.94B0.7%down Benchmark median 0.2% | $9.00B0.2%down Benchmark median 0.3% | $9.02B0.7%down Benchmark median 0.1% | $9.08B10.2%down Benchmark median -0.1% | 1.1% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.28B8.4%up Benchmark median 6.3% | $3.02B22.6%down Benchmark median 4.8% | $3.91B17.9%up Benchmark median 9.9% | $3.31B26.3%up Benchmark median -0.7% | $2.62B50.3%up Benchmark median 10.7% | 5.7% Benchmark median 7.0% |
| Capital Expenditures | $579.00M8.4%down Benchmark median 5.4% | $632.00M7.9%down Benchmark median 2.8% | $686.00M3.9%up Benchmark median 11.3% | $660.00M36.9%up Benchmark median 14.0% | $482.00M32.1%down Benchmark median 8.1% | 4.7% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $2.70B12.8%up Benchmark median 7.3% | $2.39B25.7%down Benchmark median 6.1% | $3.22B21.4%up Benchmark median 8.8% | $2.65B24.0%up Benchmark median -11.3% | $2.14B106.9%up Benchmark median 10.2% | 6.0% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
7.6%
Wall Street
on net earnings
FY2024 7.6%
12.3%
Value investor
on free cash flow
FY2024 12.8%
Gap +4.7 pts: Value-investor figure 4.7 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 13.2×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
89.2%
Wall Street
on book equity
FY2024 96.0%
87.6%
Value investor
on tangible book
FY2024 94.2%
Gap −1.6 pts: Value-investor figure 1.6 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 1.1×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
8.9%
Wall Street
ROE: net income ÷ equity
FY2024 8.2%
— Not reported
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 — Not reported
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
— Not reported
Wall Street
EBITDA margin
FY2024 — Not reported
14.6%
Value investor
Free-cash-flow margin
FY2024 13.7%
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Debt cover
How many times one year of earnings repays all debt
— Not reported
Wall Street
EBITDA ÷ total debt
FY2024 — Not reported
0.28×
Value investor
FCF ÷ total debt
FY2024 0.27×
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on L yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on L and publish the result to your public profile.
Cite this page
Data as of Nov 1, 2026. Canonical address: https://valuein.biz/data/L
Valuein. (2026, November 1). LOEWS CORP (L) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/L
@misc{valuein_l_2026,
author = {{Valuein}},
title = {LOEWS CORP (L) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/L}},
note = {Data as of 2026-11-01; source: SEC EDGAR filings}
}10-K filed Feb 10, 2026 · accession 0000060086-26-000008
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