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Lamb Weston Hold Financials

LW
Source SEC Filings (10-K/10-Q) Updated Apr 1, 2026 Currency USD FYE May

This page shows Lamb Weston Hold (LW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 42 / 100
Financial Profile 42/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
45

Lamb Weston Hold has an operating margin of 10.3%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is down from 16.5% the prior year.

Growth
33

Lamb Weston Hold's revenue declined 0.3% year-over-year, from $6.5B to $6.5B. This contraction results in a growth score of 33/100.

Leverage
58

Lamb Weston Hold has a moderate D/E ratio of 2.17. This balance of debt and equity financing earns a leverage score of 58/100.

Liquidity
23

Lamb Weston Hold's current ratio of 1.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.

Cash Flow
34

Lamb Weston Hold has a free cash flow margin of 3.6%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
57

Lamb Weston Hold's ROE of 20.6% shows moderate profitability relative to equity, earning a score of 57/100. This is down from 40.6% the prior year.

Altman Z-Score Grey Zone
2.38

Lamb Weston Hold scores 2.38, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
6/9

Lamb Weston Hold passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
2.43x

For every $1 of reported earnings, Lamb Weston Hold generates $2.43 in operating cash flow ($868.3M OCF vs $357.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$6.5B
YoY-0.3%
5Y CAGR+11.2%
10Y CAGR+8.2%

Lamb Weston Hold generated $6.5B in revenue in fiscal year 2025. This represents a decrease of 0.3% from the prior year.

EBITDA
$1.1B
YoY-21.8%
5Y CAGR+7.7%
10Y CAGR+8.4%

Lamb Weston Hold's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.8% from the prior year.

Net Income
$357.2M
YoY-50.8%
5Y CAGR-0.5%
10Y CAGR+2.9%

Lamb Weston Hold reported $357.2M in net income in fiscal year 2025. This represents a decrease of 50.8% from the prior year.

EPS (Diluted)
$2.50
YoY-49.8%
5Y CAGR+0.1%
10Y CAGR+3.2%

Lamb Weston Hold earned $2.50 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 49.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$230.1M
YoY+275.2%
5Y CAGR-10.7%
10Y CAGR-0.4%

Lamb Weston Hold generated $230.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 275.2% from the prior year.

Cash & Debt
$70.7M
YoY-1.0%
5Y CAGR-44.7%
10Y CAGR+8.7%

Lamb Weston Hold held $70.7M in cash against $3.8B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.46
YoY+14.1%
5Y CAGR+11.2%

Lamb Weston Hold paid $1.46 per share in dividends in fiscal year 2025. This represents an increase of 14.1% from the prior year.

Shares Outstanding
139M
YoY-3.0%
5Y CAGR-0.9%

Lamb Weston Hold had 139M shares outstanding in fiscal year 2025. This represents a decrease of 3.0% from the prior year.

Margins & Returns

Gross Margin
21.7%
YoY-5.6pp
5Y CAGR-1.9pp
10Y CAGR+1.6pp

Lamb Weston Hold's gross margin was 21.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.6 percentage points from the prior year.

Operating Margin
10.3%
YoY-6.2pp
5Y CAGR-4.4pp
10Y CAGR-2.7pp

Lamb Weston Hold's operating margin was 10.3% in fiscal year 2025, reflecting core business profitability. This is down 6.2 percentage points from the prior year.

Net Margin
5.5%
YoY-5.7pp
5Y CAGR-4.1pp
10Y CAGR-3.6pp

Lamb Weston Hold's net profit margin was 5.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.7 percentage points from the prior year.

Return on Equity
20.6%
YoY-20.0pp
5Y CAGR-131.9pp
10Y CAGR+0.8pp

Lamb Weston Hold's ROE was 20.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 20.0 percentage points from the prior year.

Capital Allocation

R&D Spending
$22.0M
YoY-16.7%
5Y CAGR+7.4%
10Y CAGR+11.8%

Lamb Weston Hold invested $22.0M in research and development in fiscal year 2025. This represents a decrease of 16.7% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$638.2M
YoY-31.3%
5Y CAGR+30.6%
10Y CAGR+18.7%

Lamb Weston Hold invested $638.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 31.3% from the prior year.

LW Income Statement

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $1.0B-36.0% $1.6B-2.5% $1.7B-1.0% $1.7B+10.2% $1.5B-5.0% $1.6B-3.2% $1.7B+2.6% $1.6B
Cost of Revenue $1.2B-4.7% $1.3B-1.8% $1.3B-1.2% $1.3B+21.4% $1.1B-17.0% $1.3B+1.9% $1.3B+6.1% $1.2B
Gross Profit -$198.2M-161.1% $324.3M-5.3% $342.4M0.0% $342.3M-19.0% $422.5M+52.1% $277.8M-22.0% $356.0M-8.2% $387.9M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $156.8M-8.3% $171.0M+11.3% $153.6M+9.2% $140.7M-14.3% $164.2M-11.1% $184.7M+28.4% $143.9M-18.0% $175.4M
Operating Income $126.6M-9.1% $139.2M-11.1% $156.5M-15.8% $185.8M-25.3% $248.7M+1244.3% $18.5M-91.3% $212.1M-0.2% $212.5M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $30.3M-15.8% $36.0M-24.8% $47.9M+123.8% $21.4M-62.8% $57.5M+329.1% $13.4M-73.6% $50.8M0.0% $50.8M
Net Income $54.0M-13.0% $62.1M-3.4% $64.3M-46.4% $119.9M-17.9% $146.0M+504.4% -$36.1M-128.3% $127.4M-1.7% $129.6M
EPS (Diluted) $0.39-11.4% $0.44-4.3% $0.46 N/A $1.03+512.0% $-0.25-128.4% $0.88 N/A

LW Balance Sheet

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $7.4B+0.9% $7.3B+1.3% $7.2B-2.1% $7.4B-0.4% $7.4B-0.4% $7.5B-0.8% $7.5B+2.0% $7.4B
Current Assets $2.1B+2.4% $2.0B+7.4% $1.9B-7.8% $2.0B-7.4% $2.2B+0.2% $2.2B+6.2% $2.1B-1.3% $2.1B
Cash & Equivalents $57.5M-30.5% $82.7M-16.1% $98.6M+39.5% $70.7M+4.7% $67.5M-14.6% $79.0M-34.6% $120.8M+69.2% $71.4M
Inventory $1.1B-2.2% $1.1B+23.3% $906.8M-12.4% $1.0B-17.1% $1.2B-5.9% $1.3B+16.9% $1.1B-0.3% $1.1B
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $1.1B+3.2% $1.1B-1.3% $1.1B+2.2% $1.1B+6.2% $1.0B-0.1% $1.0B-5.4% $1.1B+2.6% $1.1B
Total Liabilities $5.6B-0.2% $5.6B+2.4% $5.4B-3.7% $5.7B-2.3% $5.8B-0.5% $5.8B+2.5% $5.7B+1.7% $5.6B
Current Liabilities $1.4B+0.5% $1.4B+11.5% $1.3B-14.8% $1.5B-8.9% $1.6B-0.4% $1.6B-6.0% $1.7B+6.5% $1.6B
Long-Term Debt $3.6B-0.2% $3.6B-0.6% $3.7B-2.7% $3.8B+2.5% $3.7B-0.4% $3.7B+7.5% $3.4B-10.4% $3.8B
Total Equity $1.8B+4.1% $1.8B-2.0% $1.8B+3.0% $1.7B+6.4% $1.6B0.0% $1.6B-11.1% $1.8B+2.7% $1.8B
Retained Earnings $2.9B0.0% $2.9B+0.4% $2.9B+0.5% $2.8B+2.4% $2.8B+3.5% $2.7B-3.2% $2.8B+2.8% $2.7B

LW Cash Flow Statement

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow $65.2M-63.5% $178.4M-49.3% $352.0M-8.1% $383.0M+583.9% $56.0M-43.5% $99.1M-70.0% $330.2M+4.3% $316.7M
Capital Expenditures $101.5M+31.1% $77.4M-0.3% $77.6M-11.6% $87.8M+15.8% $75.8M-49.0% $148.7M-54.4% $325.9M+96.2% $166.1M
Free Cash Flow -$36.3M-135.9% $101.0M-63.2% $274.4M-7.0% $295.2M+1590.9% -$19.8M+60.1% -$49.6M-1253.5% $4.3M-97.1% $150.6M
Investing Cash Flow -$100.7M-65.1% -$61.0M+20.1% -$76.3M+14.3% -$89.0M-20.1% -$74.1M+50.4% -$149.3M+55.5% -$335.6M-110.7% -$159.3M
Financing Cash Flow $7.7M+105.8% -$133.3M+46.4% -$248.5M+15.6% -$294.4M-4926.2% $6.1M-45.0% $11.1M-78.7% $52.2M+135.2% -$148.1M
Dividends Paid $51.4M-0.4% $51.6M-0.2% $51.7M-1.0% $52.2M+1.6% $51.4M-0.4% $51.6M-0.2% $51.7M-0.6% $52.0M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

LW Financial Ratios

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin -19.1%-39.2pp 20.0%-0.6pp 20.6%+0.2pp 20.4%-7.4pp 27.8%+10.4pp 17.3%-4.2pp 21.5%-2.5pp 24.1%
Operating Margin 12.2%+3.6pp 8.6%-0.8pp 9.4%-1.7pp 11.1%-5.3pp 16.4%+15.2pp 1.2%-11.7pp 12.8%-0.4pp 13.2%
Net Margin 5.2%+1.4pp 3.8%-0.0pp 3.9%-3.3pp 7.1%-2.5pp 9.6%+11.8pp -2.3%-10.0pp 7.7%-0.3pp 8.0%
Return on Equity 3.0%-0.6pp 3.5%-0.1pp 3.6%-3.3pp 6.9%-2.0pp 8.9%+11.1pp -2.2%-9.2pp 6.9%-0.3pp 7.2%
Return on Assets 0.7%-0.1pp 0.9%-0.0pp 0.9%-0.7pp 1.6%-0.3pp 2.0%+2.4pp -0.5%-2.2pp 1.7%-0.1pp 1.8%
Current Ratio 1.46+0.0 1.43-0.1 1.49+0.1 1.38+0.0 1.350.0 1.35+0.2 1.19-0.1 1.29
Debt-to-Equity 1.99-0.1 2.08+0.0 2.05-0.1 2.17-0.1 2.250.0 2.26+0.4 1.87-0.3 2.15
FCF Margin -3.5%-9.8pp 6.2%-10.3pp 16.5%-1.1pp 17.6%+18.9pp -1.3%+1.8pp -3.1%-3.4pp 0.3%-9.1pp 9.3%

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Frequently Asked Questions

Lamb Weston Hold (LW) reported $6.5B in total revenue for fiscal year 2025. This represents a -0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Lamb Weston Hold (LW) revenue declined by 0.3% year-over-year, from $6.5B to $6.5B in fiscal year 2025.

Yes, Lamb Weston Hold (LW) reported a net income of $357.2M in fiscal year 2025, with a net profit margin of 5.5%.

Lamb Weston Hold (LW) reported diluted earnings per share of $2.50 for fiscal year 2025. This represents a -49.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Lamb Weston Hold (LW) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Lamb Weston Hold (LW) had $70.7M in cash and equivalents against $3.8B in long-term debt.

Lamb Weston Hold (LW) had a gross margin of 21.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lamb Weston Hold (LW) had an operating margin of 10.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Lamb Weston Hold (LW) had a net profit margin of 5.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Lamb Weston Hold (LW) paid $1.46 per share in dividends during fiscal year 2025.

Lamb Weston Hold (LW) has a return on equity of 20.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Lamb Weston Hold (LW) generated $230.1M in free cash flow during fiscal year 2025. This represents a 275.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Lamb Weston Hold (LW) generated $868.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lamb Weston Hold (LW) had $7.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Lamb Weston Hold (LW) invested $638.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Lamb Weston Hold (LW) invested $22.0M in research and development during fiscal year 2025.

Lamb Weston Hold (LW) had 139M shares outstanding as of fiscal year 2025.

Lamb Weston Hold (LW) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.

Lamb Weston Hold (LW) had a debt-to-equity ratio of 2.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lamb Weston Hold (LW) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Lamb Weston Hold (LW) has an Altman Z-Score of 2.38, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Lamb Weston Hold (LW) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Lamb Weston Hold (LW) has an earnings quality ratio of 2.43x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Lamb Weston Hold (LW) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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