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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
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.
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.
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.
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.
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
Earnings & Revenue
Lamb Weston Hold generated $6.5B in revenue in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
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.
Lamb Weston Hold reported $357.2M in net income in fiscal year 2025. This represents a decrease of 50.8% from the prior year.
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
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.
Lamb Weston Hold held $70.7M in cash against $3.8B in long-term debt as of fiscal year 2025.
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.
Lamb Weston Hold had 139M shares outstanding in fiscal year 2025. This represents a decrease of 3.0% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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
What is Lamb Weston Hold's annual revenue?
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.
How fast is Lamb Weston Hold's revenue growing?
Lamb Weston Hold (LW) revenue declined by 0.3% year-over-year, from $6.5B to $6.5B in fiscal year 2025.
Is Lamb Weston Hold profitable?
Yes, Lamb Weston Hold (LW) reported a net income of $357.2M in fiscal year 2025, with a net profit margin of 5.5%.
What is Lamb Weston Hold's EBITDA?
Lamb Weston Hold (LW) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lamb Weston Hold have?
As of fiscal year 2025, Lamb Weston Hold (LW) had $70.7M in cash and equivalents against $3.8B in long-term debt.
What is Lamb Weston Hold's gross margin?
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.
What is Lamb Weston Hold's operating margin?
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.
What is Lamb Weston Hold's net profit margin?
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.
Does Lamb Weston Hold pay dividends?
Yes, Lamb Weston Hold (LW) paid $1.46 per share in dividends during fiscal year 2025.
What is Lamb Weston Hold's return on equity (ROE)?
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.
What is Lamb Weston Hold's free cash flow?
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.
What is Lamb Weston Hold's operating cash flow?
Lamb Weston Hold (LW) generated $868.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lamb Weston Hold's total assets?
Lamb Weston Hold (LW) had $7.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lamb Weston Hold's capital expenditures?
Lamb Weston Hold (LW) invested $638.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lamb Weston Hold spend on research and development?
Lamb Weston Hold (LW) invested $22.0M in research and development during fiscal year 2025.
What is Lamb Weston Hold's current ratio?
Lamb Weston Hold (LW) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.
What is Lamb Weston Hold's debt-to-equity ratio?
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.
What is Lamb Weston Hold's return on assets (ROA)?
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.
What is Lamb Weston Hold's Altman Z-Score?
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.
What is Lamb Weston Hold's Piotroski F-Score?
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.
Are Lamb Weston Hold's earnings high quality?
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.
How financially healthy is Lamb Weston Hold?
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.