L financial statements

The full income statement, balance sheet, and cash-flow statement for Loews Corporation (L), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	18.5B YoY+5.4%	17.5B YoY+10.1%	15.9B YoY+13.2%	14.0B YoY-4.2%	14.7B YoY+16.5%
Amortization of intangibles	—	4.00M YoY+33.3%	3.00M YoY+0.0%	3.00M YoY+0.0%	3.00M YoY-95.1%
Interest expense	437M YoY-0.9%	441M YoY+17.3%	376M YoY-0.5%	378M YoY-10.8%	424M YoY-17.7%
Equity-method income	74.0M YoY+27.6%	58.0M YoY-51.7%	120M YoY-13.7%	139M YoY+434.6%	26.0M YoY+135.6%
Pre-tax income	2.28B YoY+21.8%	1.87B YoY-6.1%	2.00B YoY+79.2%	1.11B YoY-48.4%	2.16B YoY+247.5%
Income tax	511M YoY+34.5%	380M YoY-15.7%	451M YoY+102.2%	223M YoY-53.1%	475M YoY+374.6%
	1.67B YoY+17.9%	1.41B YoY-1.4%	1.43B YoY+74.5%	822M YoY-47.4%	1.56B YoY+267.8%
Net income to non-controlling interest	105M YoY+31.3%	80.0M YoY-27.9%	111M YoY+60.9%	69.0M YoY-43.9%	123M YoY+134.2%
	$7.97 YoY+24.3%	$6.41 YoY+1.9%	$6.29 YoY+86.1%	$3.38 YoY-43.7%	$6.00 YoY+280.7%
EPS (basic)	$7.98 YoY+24.3%	$6.42 YoY+1.9%	$6.30 YoY+85.8%	$3.39 YoY-43.7%	$6.02 YoY+281.3%
	209M YoY-5.1%	220M YoY-3.2%	227M YoY-6.3%	243M YoY-6.5%	260M YoY-7.4%
	209M YoY-5.2%	221M YoY-3.2%	228M YoY-6.4%	243M YoY-6.5%	260M YoY-7.2%
Dividends per share	$0.25 YoY+0.0%	$0.25 YoY+0.0%	$0.25 YoY+0.0%	$0.25 YoY+0.0%	$0.25 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	495M YoY-8.5%	541M YoY+35.6%	399M YoY-25.0%	532M YoY-14.3%	621M YoY+29.9%
Short-term investments	6.04B YoY+31.2%	4.61B YoY+4.8%	4.40B YoY-9.4%	4.85B YoY-0.1%	4.86B YoY+4.0%
	86.3B YoY+5.4%	81.9B YoY+3.5%	79.2B YoY+4.8%	75.6B YoY-7.4%	81.6B YoY+1.7%
Property, plant & equipment	10.7B YoY-0.4%	10.7B YoY+0.2%	10.7B YoY+6.9%	10.0B YoY+1.4%	9.89B YoY-5.4%
Operating lease right-of-use	301M YoY-5.9%	320M YoY+6.0%	302M YoY-7.9%	328M YoY+20.6%	272M YoY-26.5%
Goodwill	349M YoY+0.6%	347M YoY+0.0%	347M YoY+0.3%	346M YoY-0.9%	349M YoY-55.5%
Short-term & current debt	1.05B YoY+20940.0%	5.00M YoY-99.5%	1.08B YoY+26.9%	854M YoY+818.3%	93.0M YoY+151.4%
	66.7B YoY+4.2%	64.0B YoY+2.1%	62.7B YoY+3.8%	60.4B YoY-3.3%	62.5B YoY+2.3%
Long-term debt	8.44B YoY-5.6%	8.94B YoY+12.9%	7.92B YoY-3.0%	8.16B YoY-9.1%	8.99B YoY-10.8%
Operating lease liability (total)	375M YoY-7.6%	406M YoY+5.7%	384M YoY-3.3%	397M YoY+9.4%	363M YoY-27.5%
Deferred tax liabilities	839M YoY+52.5%	550M YoY+38.2%	398M YoY+63.8%	243M YoY-77.5%	1.08B YoY+1.3%
	18.7B YoY+9.5%	17.1B YoY+8.7%	15.7B YoY+9.4%	14.3B YoY-19.6%	17.8B YoY-0.1%
Common stock	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY-33.3%
Additional paid-in capital	2.37B YoY-4.7%	2.49B YoY-3.8%	2.59B YoY-5.8%	2.75B YoY-4.7%	2.88B YoY-7.9%
Retained earnings	17.4B YoY+5.6%	16.5B YoY+5.4%	15.6B YoY+4.6%	14.9B YoY+1.0%	14.8B YoY+4.4%
Treasury stock	0.00 YoY-100.0%	18.0M YoY+157.1%	7.00M YoY-41.7%	12.0M YoY+300.0%	3.00M YoY-57.1%
Accumulated other comprehensive income	-1.07B YoY+42.8%	-1.87B YoY+25.2%	-2.50B YoY+24.8%	-3.32B YoY-1884.9%	186M YoY-68.0%
Non-controlling interest	955M YoY+9.6%	871M YoY+6.1%	821M YoY-3.6%	852M YoY-35.9%	1.33B YoY+0.6%
Total equity incl. non-controlling	19.6B YoY+9.5%	17.9B YoY+8.5%	16.5B YoY+8.7%	15.2B YoY-13.0%	17.5B YoY+3.8%
Total liabilities & equity	86.3B YoY+5.4%	81.9B YoY+3.5%	79.2B YoY+4.8%	75.6B YoY-7.4%	81.6B YoY+1.7%
	206M YoY-4.1%	215M YoY-3.3%	222M YoY-5.9%	236M YoY-5.0%	248M YoY-7.8%
	206M YoY-3.2%	213M YoY-4.2%	222M YoY-5.4%	235M YoY-5.3%	248M YoY-7.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.28B YoY+8.4%	3.02B YoY-22.6%	3.91B YoY+17.9%	3.31B YoY+26.3%	2.62B YoY+50.3%
Depreciation & amortization	607M YoY+4.7%	580M YoY+8.6%	534M YoY+4.9%	509M YoY+1.2%	503M YoY-25.3%
Deferred income taxes	112M YoY+348.9%	-45.0M YoY-135.4%	127M YoY+354.0%	-50.0M YoY-123.9%	209M YoY+188.9%
Change in receivables	408M YoY-56.1%	929M YoY+246.6%	268M YoY-15.2%	316M YoY-77.6%	1.41B
	-2.83B YoY-43.2%	-1.98B YoY+28.1%	-2.75B YoY-17.0%	-2.35B YoY-97.7%	-1.19B YoY+16.1%
Capital expenditure	579M YoY-8.4%	632M YoY-7.9%	686M YoY+3.9%	660M YoY+36.9%	482M YoY-32.1%
Free cash flow	2.70B YoY+12.8%	2.39B YoY-25.7%	3.22B YoY+21.4%	2.65B YoY+24.0%	2.14B YoY+106.9%
Acquisitions	0.00	0.00 YoY-100.0%	401M	0.00	0.00 YoY-100.0%
Sales/maturities of investments	3.36B YoY+40.1%	2.40B YoY+79.6%	1.33B YoY-43.4%	2.36B YoY-47.2%	4.46B YoY+18.7%
Other investing activities	82.0M YoY+1011.1%	-9.00M YoY-105.1%	178M YoY+4.1%	171M YoY+296.6%	-87.0M YoY-168.5%
	-513M YoY+42.9%	-898M YoY+30.9%	-1.30B YoY-25.4%	-1.04B YoY+19.6%	-1.29B YoY-551.0%
Long-term debt issued	1.40B YoY+8.3%	1.29B YoY+66.3%	778M YoY+35.8%	573M YoY-52.2%	1.20B YoY-54.9%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	806M YoY+32.6%	608M YoY-28.4%	849M YoY+16.5%	729M YoY-35.8%	1.14B YoY+23.1%
Dividends paid	52.0M YoY-5.5%	55.0M YoY-3.5%	57.0M YoY-6.6%	61.0M YoY-6.2%	65.0M YoY-7.1%
Other financing activities	-67.0M YoY-15.5%	-58.0M YoY-222.2%	-18.0M YoY-12.5%	-16.0M YoY-33.3%	-12.0M YoY-500.0%
FX effect on cash	16.0M YoY+260.0%	-10.0M YoY-300.0%	5.00M YoY+126.3%	-19.0M YoY-375.0%	-4.00M YoY-144.4%
Net change in cash	-46.0M YoY-132.4%	142M YoY+206.8%	-133M YoY-49.4%	-89.0M YoY-162.2%	143M YoY+0.7%
Interest paid	421M YoY-0.2%	422M YoY+9.6%	385M YoY+1.3%	380M YoY-2.8%	391M YoY-15.6%
Income taxes paid	381M YoY-5.5%	403M YoY+32.6%	304M YoY-19.1%	376M YoY+46.9%	256M YoY+1180.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	21.7B YoY+20.4%	18.0B YoY+16.0%	15.5B YoY+12.2%	13.8B YoY-3.4%	14.3B YoY+19.2%
P/E	13.0× YoY+2.1%	12.7× YoY+10.2%	11.6× YoY-33.7%	17.4× YoY+90.0%	9.2×
P/S	1.2× YoY+14.2%	1.0× YoY+2.3%	1.0× YoY+1.1%	1.0× YoY+1.8%	1.0× YoY+2.4%
P/B	1.2× YoY+9.9%	1.1× YoY-1.8%	1.1× YoY+7.5%	1.0× YoY+24.5%	0.8× YoY+19.3%
P/FCF	8.0× YoY+6.7%	7.5× YoY+63.2%	4.6× YoY+1.5%	4.5× YoY-32.1%	6.7× YoY-42.4%
	7.7% YoY-2.1%	7.8% YoY-9.3%	8.6% YoY+50.8%	5.7% YoY-47.4%	10.9%
	12.4% YoY-6.3%	13.3% YoY-38.7%	21.7% YoY-1.5%	22.0% YoY+47.3%	14.9% YoY+73.5%
	0.24% YoY-19.6%	0.30% YoY-17.8%	0.36% YoY-16.2%	0.43% YoY-1.0%	0.43% YoY-22.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: L's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all L filings on SEC EDGAR → Not investment advice.