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How Loews (L) makes money

Loews (L) made $4.8B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 9¢ was left as operating profit, 6¢ was left as net earnings.

Drawing the Sankey…

Loews revenue by quarterLoews revenue by quarter$4.5BQ1 2025$4.6BQ2 2025$4.7BQ3 2025$4.7BQ4 2025$4.6BQ1 2026$4.7BQ2 2026$4.8BQ3 2026
Loews: where each dollar of revenue goesLoews: where each dollar of revenue goesOperating profit9¢Income tax2¢Net earnings6¢Operating cash flow20¢Free cash flow15¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$4.8B100.0%
Operating profit$406M8.5%
Income tax$84.0M1.8%
Net earnings$306M6.4%
Operating cash flow$954M20.0%
Free cash flow$691M14.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$4.8B+2%
Q2 2026$4.7B+4%
Q1 2026$4.6B+1%
Q4 2025$4.7B+4%
Q3 2025$4.7B+5%
Q2 2025$4.6B+7%
Q1 2025$4.5B+6%

From Loews' 10-Q filed Nov 2, 2026 (on EDGAR).

Questions

How does Loews make money?

Loews (L) made $4.8B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 9¢ was left as operating profit, 6¢ was left as net earnings.

What is Loews' profit margin?

Net earnings were $306M, 6.4% of revenue, in the third quarter 2026; the operating margin was 8.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.