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Loews L Gross margin

Discontinued — last reported Q4 '19

Gross margin at other companies

Centene logo
CenteneCNC
98.7%+0.3pp
Cheniere Energy Partners logo
Cheniere Energy PartnersCQP
45.4%-8.7pp
Cheniere Energy logo
Cheniere EnergyLNG
41.7%-14.8pp
Atmos Energy logo
Atmos EnergyATO
75.1%+15.5pp
Energy Transfer logo
Energy TransferET
25.2%-0.6pp
Oneok logo
OneokOKE
29.6%-6.0pp

Other financials

Income statement

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Revenue$4.6B+1.4%
Net income$337.0M-8.9%
EPS (diluted)$1.63-6.3%

Balance sheet

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Cash & equivalents$843.0M+50.5%
Total debt$8.9B-0.1%
Total equity$18.7B+8.8%
Total assets$85.7B+3.0%

Cash flow

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Operating cash flow$72.0M-90.2%
CapEx$204.0M+108%
Free cash flow-$132.0M-121%

Valuation

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Market cap$22.16B+13.4%
Enterprise value$30.25B+8.3%
P/E13.6×-1.2×
P/S1.2×+0.1×

Profitability

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Net margin8.8%+1.4pp

Returns & leverage

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Return on equity9.1%+1.2pp
Debt / equity0.5×0.0×

Where this comes from

Calculated from Loews’s reported figures.

Based on trailing twelve months.

The official record: Loews’s 10-Q, filed November 1, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.