Lamb Weston Holdings, Inc. (LW) Financial Statements
Industry: Canned, Frozen & Preservd Fruit, Veg & Food Specialties
In fiscal 2026, Lamb Weston reported revenue of $6.61B, up 2.5% from $6.45B the year before. Net income was $290.0M (a 4.4% net margin), or $2.08 per diluted share. Gross margin was 20.6% and operating margin was 8.9%. Operating activities generated $942.9M of cash, leaving $540.2M of free cash flow. At fiscal year end, Lamb Weston held $7.38B in total assets against $5.56B in total liabilities, including $68.2M of cash and equivalents.
Open the full interactive Lamb Weston financials → Quarterly statements, key ratios, valuation history and price charts.
Lamb Weston Key Stats
| Share Price | $51.96 |
|---|---|
| Market Cap | $7.18B |
| P/E Ratio | 25.0 |
| Revenue YoY Growth | +2.5% |
| 52-Week Range | $37.86 – $64.57 |
| Shares Outstanding | 137.6 million (basic, 2027 Q1) |
Lamb Weston Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $3.67B | $4.10B | $5.35B | $6.47B | $6.45B | $6.61B |
| Cost of Goods Sold | $2.84B | $3.27B | $3.92B | $4.70B | $5.05B | $5.25B |
| Gross Profit | $832.0M | $832.0M | $1.43B | $1.77B | $1.40B | $1.36B |
| Operating Income | $474.8M | $444.4M | $882.1M | $1.07B | $665.1M | $591.1M |
| Pre-Tax Income | $408.3M | $272.7M | $1.23B | $955.5M | $500.3M | $418.1M |
| Income Tax | $90.5M | $71.8M | $224.6M | $230.0M | $143.1M | $128.1M |
| Net Income | $317.8M | $200.9M | $1.01B | $725.5M | $357.2M | $290.0M |
| Diluted EPS | $2.16 | $1.38 | $6.95 | $4.98 | $2.50 | $2.08 |
Lamb Weston Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $1.62B | $1.56B | $1.77B | $1.67B |
| Net Income | $62.1M | $54.0M | $109.6M | $29.1M |
| Diluted EPS | $0.44 | $0.39 | $0.79 | $0.21 |
Lamb Weston Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $783.5M | $525.0M | $304.8M | $71.4M | $70.7M | $68.2M |
| Current Assets | $1.78B | $1.66B | $2.13B | $2.09B | $2.03B | $2.01B |
| Total Assets | $4.21B | $4.14B | $6.52B | $7.37B | $7.39B | $7.38B |
| Current Liabilities | $618.2M | $699.1M | $1.36B | $1.62B | $1.48B | $1.42B |
| Total Long-Term Debt | $2.74B | $2.73B | $3.30B | $3.50B | $3.76B | $3.67B |
| Total Liabilities | $3.73B | $3.78B | $5.11B | $5.58B | $5.65B | $5.56B |
| Shareholders' Equity | $480.6M | $360.5M | $1.41B | $1.79B | $1.74B | $1.82B |
Lamb Weston Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $553.2M | $418.1M | $761.7M | $798.2M | $868.3M | $942.9M |
| Cash From Investing | -$162.5M | -$310.5M | -$1.34B | -$984.1M | -$648.0M | -$380.2M |
| Cash From Financing | -$974.0M | -$363.4M | $340.8M | -$48.0M | -$225.0M | -$569.1M |
| Free Cash Flow | $406.0M | $128.0M | $107.7M | -$131.3M | $230.1M | $540.2M |
Figures from Lamb Weston's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Lamb Weston financials page for every line item.
Lamb Weston Company Profile
| Ticker | LW |
|---|---|
| Exchange | NYSE |
| Industry | Canned, Frozen & Preservd Fruit, Veg & Food Specialties |
| Headquarters | Eagle, Idaho |
| Incorporated in | Delaware |
| Fiscal Year End | May 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001679273 |
Frequently Asked Questions
What was Lamb Weston's revenue in fiscal 2026?
Lamb Weston (LW) reported revenue of $6.61B for fiscal 2026.
What is Lamb Weston's annual revenue history?
Lamb Weston's annual revenue by fiscal year: 2021: $3.67B; 2022: $4.10B; 2023: $5.35B; 2024: $6.47B; 2025: $6.45B; 2026: $6.61B.
What was Lamb Weston's net income in fiscal 2026?
Lamb Weston reported net income of $290.0M for fiscal 2026.
What was Lamb Weston's earnings per share (EPS) in fiscal 2026?
Lamb Weston's diluted EPS was $2.08 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Lamb Weston generate in fiscal 2026?
Lamb Weston generated $540.2M of free cash flow in fiscal 2026.
What was Lamb Weston's revenue last quarter?
In its most recent reported quarter (2027 Q1), Lamb Weston reported revenue of $1.67B.
How much debt does Lamb Weston have?
Lamb Weston reported $3.67B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Lamb Weston are outstanding?
Lamb Weston reported a weighted average of 137.6 million basic shares outstanding in 2027 Q1.
What is Lamb Weston's market cap?
Based on its latest closing price, Lamb Weston (LW) has a market capitalization of about $7.18B.
When does Lamb Weston's fiscal year end?
Lamb Weston's fiscal year end, as registered with the SEC, is May 31.
Where is Lamb Weston headquartered?
Lamb Weston lists its business address in Eagle, Idaho in its SEC filings.
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