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Lamb Weston Hold Financials

LW
FY2026 annual
Revenue $6.6B +2.5% YoY
Net Income $290.0M -18.8% YoY
EPS (Diluted) $2.08 -16.8% YoY
Free Cash Flow $540.2M +134.8% YoY
Source SEC Filings (10-K/10-Q) Latest period FY2026, ended May 31, 2026 Reported Currency USD FYE May

Lamb Weston Hold (LW) reported $6.6B in revenue for fiscal year 2026, up 2.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Rhea AI LW FY2026

Lamb Weston’s dominant mechanic is capital-heavy production: revenue holds up, but margins and reinvestment determine cash available.

Across FY2024-FY2026, revenue increased to $6.6B while operating margin compressed to 8.9%, indicating scale did not protect earnings; the business ended with less operating profit per sales dollar despite a larger top line. The margin had been 16.5% in FY2024, while 2026 operating cash flow reached $942.9M, making cash conversion more resilient than accounting profit but not eliminating capital-spending dependence.

In FY2026, operating cash flow of $942.9M converted to free cash flow of $540.2M, indicating reinvestment was less consuming than in FY2024. FY2024 capital expenditures reached $929.5M and left free cash flow at -$131.3M, so accounting earnings alone did not describe cash available after investment.

At FY2026, long-term debt was $3.6B and debt-to-equity was 2.0x, making the financing structure materially important. Cash was only $68M and the current ratio was 1.4x, so near-term flexibility is tied more to ongoing cash generation than idle liquidity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 47 / 100
Financial Health Score 47/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lamb Weston Hold's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
71

Lamb Weston Hold has an operating margin of 8.9%, meaning the company retains $9 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is down from 10.3% the prior year.

Growth
35

Lamb Weston Hold's revenue grew a modest 2.5% year-over-year to $6.6B. This slow but positive growth earns a score of 35/100.

Leverage
17

Lamb Weston Hold has elevated debt relative to equity (D/E of 1.97), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.

Liquidity
38

Lamb Weston Hold's current ratio of 1.42 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
46

Lamb Weston Hold has a free cash flow margin of 8.2%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
75

Lamb Weston Hold earns a strong 15.9% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 20.5% the prior year.

Altman Z-Score Grey Zone
2.63

Lamb Weston Hold scores 2.63, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong
7/9

Lamb Weston Hold passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
3.25x

For every $1 of reported earnings, Lamb Weston Hold generates $3.25 in operating cash flow ($942.9M OCF vs $290.0M 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
$6.6B
YoY+2.5%
5Y CAGR+12.5%
10Y CAGR+8.2%

Lamb Weston Hold generated $6.6B in revenue in fiscal year 2026. This represents an increase of 2.5% from the prior year.

EBITDA
$987.8M
YoY-5.0%
5Y CAGR+8.3%
10Y CAGR+7.7%

Lamb Weston Hold's EBITDA was $987.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.0% from the prior year.

Net Income
$290.0M
YoY-18.8%
5Y CAGR-1.8%
10Y CAGR+0.2%

Lamb Weston Hold reported $290.0M in net income in fiscal year 2026. This represents a decrease of 18.8% from the prior year.

EPS (Diluted)
$2.08
YoY-16.8%
5Y CAGR-0.8%
10Y CAGR+0.8%

Lamb Weston Hold earned $2.08 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 16.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$540.2M
YoY+134.8%
5Y CAGR+5.9%
10Y CAGR+8.9%

Lamb Weston Hold generated $540.2M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 134.8% from the prior year.

Cash & Debt
$68.2M
YoY-3.5%
5Y CAGR-38.6%
10Y CAGR+6.5%

Lamb Weston Hold held $68.2M in cash against $3.6B in long-term debt as of fiscal year 2026.

Dividends Per Share
$1.50
YoY+2.7%
5Y CAGR+10.0%

Lamb Weston Hold paid $1.50 per share in dividends in fiscal year 2026. This represents an increase of 2.7% from the prior year.

Shares Outstanding
137M
YoY-1.3%
5Y CAGR-1.2%

Lamb Weston Hold had 137M shares outstanding in fiscal year 2026. This represents a decrease of 1.3% from the prior year.

Margins & Returns

Gross Margin
20.6%
YoY-1.1pp
5Y CAGR-2.1pp
10Y CAGR-1.5pp

Lamb Weston Hold's gross margin was 20.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.

Operating Margin
8.9%
YoY-1.4pp
5Y CAGR-4.0pp
10Y CAGR-3.5pp

Lamb Weston Hold's operating margin was 8.9% in fiscal year 2026, reflecting core business profitability. This is down 1.4 percentage points from the prior year.

Net Margin
4.4%
YoY-1.1pp
5Y CAGR-4.3pp
10Y CAGR-5.1pp

Lamb Weston Hold's net profit margin was 4.4% in fiscal year 2026, showing the share of revenue converted to profit. This is down 1.1 percentage points from the prior year.

Return on Equity
15.9%
YoY-4.6pp
5Y CAGR-50.2pp

Lamb Weston Hold's ROE was 15.9% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 4.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$18.9M
YoY-14.1%
5Y CAGR+7.9%
10Y CAGR+10.9%

Lamb Weston Hold invested $18.9M in research and development in fiscal year 2026. This represents a decrease of 14.1% from the prior year.

Capital Expenditures
$402.7M
YoY-36.9%
5Y CAGR+22.3%
10Y CAGR+10.2%

Lamb Weston Hold invested $402.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 36.9% from the prior year.

Share Buybacks

Not reported for fiscal year 2026.

LW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LW quarterly income statement
MetricQ4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25
Revenue$1.8B+13.1%$1.6B-3.3%$1.6B-2.5%$1.7B-1.0%$1.7B+10.2%$1.5B-5.0%$1.6B-3.2%$1.7B
Cost of Revenue$1.4B+14.2%$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
Gross Profit$361.4M+9.0%$331.6M+2.3%$324.3M-5.3%$342.4M0.0%$342.3M-19.0%$422.5M+52.1%$277.8M-22.0%$356.0M
SG&A Expenses$183.2M+16.8%$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
Operating Income$168.8M+33.3%$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
Income Tax$13.9M-54.1%$30.3M-15.8%$36.0M-24.8%$47.9M+123.8%$21.4M-62.8%$57.5M+329.1%$13.4M-73.6%$50.8M
Net Income$109.6M+103.0%$54.0M-13.0%$62.1M-3.4%$64.3M-46.3%$119.7M-18.0%$146.0M+504.4%-$36.1M-128.3%$127.4M
EPS (Diluted)$0.79+102.6%$0.39-11.4%$0.44-4.3%$0.46-45.2%$0.84-18.4%$1.03+512.0%-$0.25-128.4%$0.88

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

LW Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LW quarterly balance sheet
MetricQ4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25
Total Assets$7.4B-0.2%$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
Current Assets$2.0B-2.2%$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
Cash & Equivalents$68.2M+18.6%$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
Inventory$968.5M-11.4%$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
Goodwill$1.1B-0.4%$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
Total Liabilities$5.6B-0.2%$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
Current Liabilities$1.4B+0.4%$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
Long-Term Debt$3.6B-1.3%$3.6B-0.2%$3.6B-0.6%$3.7B-0.3%$3.7B+0.1%$3.7B-0.4%$3.7B+7.5%$3.4B
Total Equity$1.8B-0.1%$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
Retained Earnings$2.9B+2.0%$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

Not reported in any period shown, so not listed: Accounts Receivable.

LW Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LW quarterly cash flow statement
MetricQ4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25
Operating Cash Flow$347.3M+432.7%$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
Capital Expenditures$146.2M+44.0%$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
Free Cash Flow$201.1M+654.0%-$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
Investing Cash Flow-$142.2M-41.2%-$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
Financing Cash Flow-$195.0M-2632.5%$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
Dividends Paid$52.8M+2.7%$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

Not reported in any period shown, so not listed: Share Buybacks.

LW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LW quarterly financial ratios
MetricQ4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25Q1'25
Gross Margin20.4%-0.8pp21.2%+1.2pp20.0%-0.6pp20.6%+0.2pp20.4%-7.4pp27.8%+10.4pp17.3%-4.2pp21.5%
Operating Margin9.5%+1.4pp8.1%-0.5pp8.6%-0.8pp9.4%-1.7pp11.1%-5.3pp16.4%+15.2pp1.2%-11.7pp12.8%
Net Margin6.2%+2.7pp3.5%-0.4pp3.8%0.0pp3.9%-3.3pp7.1%-2.5pp9.6%+11.8pp-2.3%-10.0pp7.7%
Return on Equity6.0%+3.0pp3.0%-0.6pp3.5%-0.1pp3.6%-3.3pp6.9%-2.0pp8.9%+11.1pp-2.2%-9.2pp6.9%
Return on Assets1.5%+0.8pp0.7%-0.1pp0.9%0.0pp0.9%-0.7pp1.6%-0.3pp2.0%+2.4pp-0.5%-2.2pp1.7%
Current Ratio1.420.0x1.460.0x1.43-0.1x1.49+0.1x1.380.0x1.350.0x1.35+0.2x1.19
Debt-to-Equity1.970.0x1.99-0.1x2.080.0x2.05-0.1x2.12-0.1x2.250.0x2.26+0.4x1.87
FCF Margin11.4%+13.7pp-2.3%-8.6pp6.2%-10.3pp16.5%-1.1pp17.6%+18.9pp-1.3%+1.8pp-3.1%-3.4pp0.3%

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Frequently Asked Questions

What is Lamb Weston Hold's annual revenue?

Lamb Weston Hold (LW) reported $6.6B in total revenue for fiscal year 2026. This represents a 2.5% 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 grew by 2.5% year-over-year, from $6.5B to $6.6B in fiscal year 2026.

Is Lamb Weston Hold profitable?

Yes, Lamb Weston Hold (LW) reported a net income of $290.0M in fiscal year 2026, with a net profit margin of 4.4%.

Lamb Weston Hold (LW) reported diluted earnings per share of $2.08 for fiscal year 2026. This represents a -16.8% 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 $987.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Lamb Weston Hold (LW) had $68.2M in cash and equivalents against $3.6B in long-term debt.

Lamb Weston Hold (LW) had a gross margin of 20.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Lamb Weston Hold (LW) had an operating margin of 8.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Lamb Weston Hold (LW) had a net profit margin of 4.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Lamb Weston Hold (LW) paid $1.50 per share in dividends during fiscal year 2026.

Lamb Weston Hold (LW) has a return on equity of 15.9% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Lamb Weston Hold (LW) generated $540.2M in free cash flow during fiscal year 2026. This represents a 134.8% 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 $942.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Lamb Weston Hold (LW) had $7.4B in total assets as of fiscal year 2026, including both current and long-term assets.

Lamb Weston Hold (LW) invested $402.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Lamb Weston Hold (LW) invested $18.9M in research and development during fiscal year 2026.

Lamb Weston Hold (LW) had 137M shares outstanding as of fiscal year 2026.

Lamb Weston Hold (LW) had a current ratio of 1.42 as of fiscal year 2026, which is considered adequate.

Lamb Weston Hold (LW) had a debt-to-equity ratio of 1.97 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lamb Weston Hold (LW) had a return on assets of 3.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Lamb Weston Hold (LW) has an Altman Z-Score of 2.63, 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 7 out of 9, indicating strong 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 to 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 3.25x, 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 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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