Filing Flows › Loews (L) › Q3 2025
Loews (L) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Loews (L) reported revenue of $4.7B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 14.8%, net earnings $504M (10.8% of revenue).
Loews, Q3 2025: revenue $4.7B (+5% year over year), operating margin 14.8%, net earnings $504M, operating cash flow $920M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +3% | +5% |
| Operating profit | $689M | +28% | +25% |
| Net earnings | $504M | +29% | +26% |
| Operating cash flow | $920M | -9% | -1% |
| Free cash flow | $764M | -12% | -4% |
What changed
Revenue was $4.7B in Q3 2025, up 5% year over year and up 3% from the previous quarter.
Operating profit was $0.69B, a 14.8% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 12% margin then. Total costs grew 2% against revenue growth of 5%. Net earnings were $0.50B, up 26% year over year. The effective tax rate was 22.2%.
Operating cash flow was $0.92B (down 1% year over year), 172% of net income including minority interests. Working capital and other items added $0.38B. Capital expenditures of $0.16B left free cash flow of $0.76B.
Questions
What was Loews' revenue in the third quarter 2025?
Loews (L) reported revenue of $4.7B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before.
Was Loews profitable in the third quarter 2025?
Operating profit was $689M (14.8% of revenue) and net earnings $504M.
Source: Loews 10-Q on SEC EDGAR.