Stocks · Financials · Fire, Marine & Casualty Insurance

Loews Corporation

L Clue Score66
United States Fiscal year ends December CIK 0000060086
$106.69 -0.85% Close, 9 Oct 2026
Price $106.69 +87.87% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue3.56Net income0.65EPS, diluted1.93Fiscal year 2017Revenue3.96 +11.4%Net income1.16 +78.0%EPS, diluted3.45 +78.8%Fiscal year 2018Revenue3.89 −2.0%Net income0.64 −45.4%EPS, diluted1.99 −42.3%Fiscal year 2019Revenue3.87 −0.4%Net income0.93 +46.5%EPS, diluted3.07 +54.3%Fiscal year 2020Revenue2.82 −27.1%Net income−0.93 −199.9%EPS, diluted−3.32 −208.1%Fiscal year 2021Revenue2.01 −28.9%Net income1.56EPS, diluted6.00Fiscal year 2022Revenue2.09 +4.1%Net income0.82 −47.4%EPS, diluted3.38 −43.7%Fiscal year 2023Revenue2.36 +13.1%Net income1.43 +74.5%EPS, diluted6.29 +86.1%Fiscal year 2024Revenue2.89 +22.6%Net income1.41 −1.4%EPS, diluted6.41 +1.9%Fiscal year 2025Revenue3.17 +9.7%Net income1.67 +17.9%EPS, diluted7.97 +24.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.56 3.96 3.89 3.87 2.82 2.01 2.09 2.36 2.89 3.17
Growth +11.4% −2.0% −0.4% −27.1% −28.9% +4.1% +13.1% +22.6% +9.7%
Net income 0.65 1.16 0.64 0.93 −0.93 1.56 0.82 1.43 1.41 1.67
Growth +78.0% −45.4% +46.5% −199.9% −47.4% +74.5% −1.4% +17.9%
EPS, diluted 1.93 3.45 1.99 3.07 −3.32 6.00 3.38 6.29 6.41 7.97
Growth +78.8% −42.3% +54.3% −208.1% −43.7% +86.1% +1.9% +24.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin18.4%Free cash flow margin22.6%Fiscal year 2017Net margin29.4%Free cash flow margin39.3%Fiscal year 2018Net margin16.4%Free cash flow margin83.0%Fiscal year 2019Net margin24.1%Free cash flow margin18.1%Fiscal year 2020Net margin−33.0%Free cash flow margin36.7%Fiscal year 2021Net margin77.9%Free cash flow margin106.8%Fiscal year 2022Net margin39.4%Free cash flow margin127.2%Fiscal year 2023Net margin60.8%Free cash flow margin136.5%Fiscal year 2024Net margin48.9%Free cash flow margin82.7%Fiscal year 2025Net margin52.5%Free cash flow margin85.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 18.4% 29.4% 16.4% 24.1% −33.0% 77.9% 39.4% 60.8% 48.9% 52.5%
Free cash flow margin 22.6% 39.3% 83.0% 18.1% 36.7% 106.8% 127.2% 136.5% 82.7% 85.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.25Capital expenditure−1.45Free cash flow0.80Buybacks−0.13Dividends paid−0.08Fiscal year 2017Operating cash flow2.59Capital expenditure−1.03Free cash flow1.56 +94.1%Buybacks−0.22Dividends paid−0.08Fiscal year 2018Operating cash flow4.22Capital expenditure−1.00Free cash flow3.23 +107.0%Buybacks−1.03Dividends paid−0.08Fiscal year 2019Operating cash flow1.74Capital expenditure−1.04Free cash flow0.70 −78.3%Buybacks−1.05Dividends paid−0.08Fiscal year 2020Operating cash flow1.75Capital expenditure−0.71Free cash flow1.04 +47.9%Buybacks−0.92Dividends paid−0.07Fiscal year 2021Operating cash flow2.62Capital expenditure−0.48Free cash flow2.14 +106.9%Buybacks−1.14Dividends paid−0.07Fiscal year 2022Operating cash flow3.31Capital expenditure−0.66Free cash flow2.65 +24.0%Buybacks−0.73Dividends paid−0.06Fiscal year 2023Operating cash flow3.91Capital expenditure−0.69Free cash flow3.22 +21.4%Buybacks−0.85Dividends paid−0.06Fiscal year 2024Operating cash flow3.03Capital expenditure−0.63Free cash flow2.39 −25.7%Buybacks−0.61Dividends paid−0.06Fiscal year 2025Operating cash flow3.28Capital expenditure−0.58Free cash flow2.70 +12.8%Buybacks−0.81Dividends paid−0.05
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.25 2.59 4.22 1.74 1.75 2.62 3.31 3.91 3.03 3.28
Capital expenditure −1.45 −1.03 −1.00 −1.04 −0.71 −0.48 −0.66 −0.69 −0.63 −0.58
Free cash flow 0.80 1.56 3.23 0.70 1.04 2.14 2.65 3.22 2.39 2.70
Growth +94.1% +107.0% −78.3% +47.9% +106.9% +24.0% +21.4% −25.7% +12.8%
Buybacks −0.13 −0.22 −1.03 −1.05 −0.92 −1.14 −0.73 −0.85 −0.61 −0.81
Dividends paid −0.08 −0.08 −0.08 −0.08 −0.07 −0.07 −0.06 −0.06 −0.06 −0.05

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.33Total debt10.78Net cash (debt)−10.45Shareholders’ equity18.16Debt to equity0.59Fiscal year 2017Cash0.47Total debt11.53Net cash (debt)−11.06Shareholders’ equity19.20Debt to equity0.60Fiscal year 2018Cash0.41Shareholders’ equity18.52Fiscal year 2019Cash0.34Total debt11.46Net cash (debt)−11.12Shareholders’ equity19.12Debt to equity0.60Fiscal year 2020Cash0.48Total debt10.07Net cash (debt)−9.59Shareholders’ equity17.86Debt to equity0.56Fiscal year 2021Cash0.62Shareholders’ equity17.85Fiscal year 2022Cash0.53Shareholders’ equity14.35Fiscal year 2023Cash0.40Shareholders’ equity15.70Fiscal year 2024Cash0.54Shareholders’ equity17.07Fiscal year 2025Cash0.50Shareholders’ equity18.69
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.33 0.47 0.41 0.34 0.48 0.62 0.53 0.40 0.54 0.50
Total debt 10.78 11.53 n/a 11.46 10.07 n/a n/a n/a n/a n/a
Net cash (debt) −10.45 −11.06 n/a −11.12 −9.59 n/a n/a n/a n/a n/a
Shareholders’ equity 18.16 19.20 18.52 19.12 17.86 17.85 14.35 15.70 17.07 18.69
Debt to equity 0.59 0.60 n/a 0.60 0.56 n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
3.56 3.96 3.89 3.87 2.82 2.01 2.09 2.36 2.89 3.17
Growth +11.4% −2.0% −0.4% −27.1% −28.9% +4.1% +13.1% +22.6% +9.7%
0.27 0.30 0.92 1.08 n/a n/a n/a n/a n/a n/a
0.94 1.58 0.83 1.12 −1.46 2.16 1.11 2.00 1.87 2.28
0.22 0.17 0.13 0.25 −0.17 0.48 0.22 0.45 0.38 0.51
0.65 1.16 0.64 0.93 −0.93 1.56 0.82 1.43 1.41 1.67
Growth +78.0% −45.4% +46.5% −199.9% −47.4% +74.5% −1.4% +17.9%
Per share
1.93 3.46 1.99 3.08 −3.32 6.02 3.39 6.30 6.42 7.98
1.93 3.45 1.99 3.07 −3.32 6.00 3.38 6.29 6.41 7.97
Growth +78.8% −42.3% +54.3% −208.1% −43.7% +86.1% +1.9% +24.3%
338.0 336.6 319.1 302.7 280.3 259.7 242.8 227.5 220.3 209.0
338.3 337.5 319.9 303.4 280.3 260.2 243.3 227.8 220.5 209.1
Growth −0.2% −5.2% −5.2% −7.6% −7.2% −6.5% −6.4% −3.2% −5.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.4% a year over five years.
  • The diluted share count fell 25.4% in five years, so buybacks did some of the work per share.
  • A net loss in 1 of 10 years on file.