Filing Flows › Loews (L) › Q4 2025
Loews (L) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
Loews (L) reported revenue of $4.7B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 11.4%, net earnings $402M (8.5% of revenue).
Loews, Q4 2025: revenue $4.7B (+4% year over year), operating margin 11.4%, net earnings $402M, operating cash flow $617M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +1% | +4% |
| Operating profit | $541M | -21% | +188% |
| Net earnings | $402M | -20% | +115% |
| Operating cash flow | $617M | -33% | -34% |
| Free cash flow | $426M | -44% | -44% |
What changed
Revenue was $4.7B in Q4 2025, up 4% year over year and up 1% from the previous quarter.
Operating profit was $0.54B, a 11.4% margin (up 7.3 points year over year). Of the extra revenue versus a year earlier, 188% reached operating profit, above the 4% margin then. Total costs fell 4% while revenue rose 4%. Net earnings were $0.40B, up 115% year over year. The effective tax rate was 20.9%.
Operating cash flow was $0.62B (down 34% year over year), 144% of net income including minority interests. Working capital and other items added $0.19B. Capital expenditures of $0.19B left free cash flow of $0.43B.
Questions
What was Loews' revenue in the fourth quarter 2025?
Loews (L) reported revenue of $4.7B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +1% from the quarter before.
Was Loews profitable in the fourth quarter 2025?
Operating profit was $541M (11.4% of revenue) and net earnings $402M.
Source: Loews 10-K on SEC EDGAR.