Lamb Weston Holdings, Inc. (LW) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.61	$0.72	+18.0%	—	$1.6B	—
Q2 26	$0.65	$0.69	+6.2%	—	$1.6B	—
Q1 26	$0.53	$0.74	+39.6%	—	$1.7B	—
Q4 25	$0.63	$0.87	+38.1%	—	$1.7B	—
Q3 25	$0.87	$1.1	+26.4%	—	$1.5B	—
Q2 25	$1.01	$0.66	-34.7%	—	$1.6B	—
Q1 25	$0.72	$0.73	+1.4%	—	$1.7B	—
Q4 24	$1.26	$0.78	-38.1%	—	$1.6B	—
Q3 24	$1.45	$1.2	-17.2%	—	$1.5B	—
Q2 24	$1.42	$1.45	+2.1%	—	$1.7B	—
Q1 24	$1.08	$1.63	+50.9%	—	$1.7B	—
Q4 23	$1.05	$1.22	+16.2%	—	$1.7B	—
Q3 23	$0.99	$1.43	+44.4%	—	$1.3B	—
Q2 23	$0.74	$1.28	+73.0%	—	$1.3B	—
Q1 23	$0.5	$0.75	+50.0%	—	$1.1B	—
Q4 22	$0.51	$0.65	+27.5%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$2.09	—	—	$6.6B	—
FY25	—	$2.51	—	—	$6.5B	—
FY24	—	$5.01	—	—	$6.5B	—
FY23	—	$6.98	—	—	$5.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$3.2B	$3.4B	$3.8B	$3.8B	$3.7B	$4.1B	$5.4B	$6.5B	$6.5B	$6.6B
YoY change	+5.82%	+8.07%	+9.72%	+0.96%	-3.2%	+11.7%	+30.5%	+20.9%	-0.25%	+2.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3.2B	3.4B	3.8B	3.8B	3.7B	4.1B	5.4B	6.5B	6.5B	6.6B
Cost of revenue	2.4B	2.5B	2.8B	2.9B	2.8B	3.3B	3.9B	4.7B	5.1B	5.3B
Gross profit	778.8M	879.5M	1B	895.2M	832M	832M	1.4B	1.8B	1.4B	1.4B
Gross margin	24.6%	25.7%	26.7%	23.6%	22.7%	20.3%	26.8%	27.3%	21.7%	20.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	260.5M	299.4M	335.1M	338.3M	357.2M	387.6M	550M	701.4M	633.5M	664.6M
Operating expenses	260.5M	299.4M	335.1M	338.3M	357.2M	387.6M	550M	701.4M	633.5M	664.6M
Operating income	518.3M	580.1M	668.4M	556.9M	474.8M	444.4M	882.1M	1.1B	765.1M	695.1M
Operating margin	16.4%	16.9%	17.8%	14.7%	12.9%	10.8%	16.5%	16.5%	11.9%	10.5%
Non-operating income, net	—	—	—	—	—	—	—	—	-100M	-104M
Pretax income	457.1M	471.3M	561.3M	448.9M	356.5M	283.4M	772.9M	929.5M	485.1M	410.6M
Income tax	170.2M	121.2M	133.6M	112.3M	90.5M	71.8M	224.6M	230M	143.1M	128.1M
Net income	340.2M	433.7M	487.2M	365.9M	317.8M	200.9M	1B	725.5M	357.2M	290M
Net margin	10.7%	12.7%	13%	9.65%	8.66%	4.9%	18.9%	11.2%	5.54%	4.39%
EBITDA	627.4M	723.4M	830.8M	739.2M	662.6M	636.5M	1.1B	1.4B	1.2B	1.1B
EPS	2.22	2.83	3.19	2.5	2.17	1.38	6.98	5.01	2.51	2.09
Diluted EPS	2.22	2.82	3.18	2.49	2.16	1.38	6.95	4.98	2.5	2.08

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	1.7B	1.7B	1.5B	1.6B	1.7B	1.6B	1.5B	1.7B	1.7B	1.6B	1.6B	1.8B
Cost of revenue	1.2B	1.3B	1.1B	1.2B	1.3B	1.3B	1.1B	1.3B	1.3B	1.3B	1.2B	1.4B
Gross profit	499.5M	475.6M	403.7M	387.9M	356M	277.8M	422.5M	342.3M	342.4M	324.3M	331.6M	361.4M
Gross margin	30%	27.5%	27.7%	24.1%	21.5%	17.4%	27.8%	20.4%	20.6%	20%	21.2%	20.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	176.2M	164.6M	179.8M	175.4M	143.9M	173.8M	151.6M	175M	153.6M	167.8M	144.9M	217.7M
Operating expenses	176.2M	164.6M	179.8M	175.4M	143.9M	173.8M	151.6M	175M	153.6M	167.8M	144.9M	217.7M
Operating income	323.3M	305.6M	223.9M	212.5M	212.1M	93.1M	258.3M	201.6M	188.8M	153.3M	174.8M	178.2M
Operating margin	19.4%	17.6%	15.4%	13.2%	12.8%	5.82%	17%	12%	11.4%	9.47%	11.2%	10.1%
Non-operating income, net	—	—	—	—	—	-74.6M	-9.6M	-15.8M	-32.3M	-14.1M	-48.2M	-9.4M
Pretax income	292.6M	276.5M	188.2M	172.2M	166.9M	-24.8M	201.4M	141.6M	112.8M	94.9M	81.6M	121.3M
Income tax	69.9M	66.2M	43.1M	50.7M	50.8M	13.4M	57.5M	21.4M	47.9M	36M	30.3M	13.9M
Net income	234.8M	215M	146.1M	129.7M	127.4M	-36.1M	146M	119.9M	64.3M	62.1M	54M	109.6M
Net margin	14.1%	12.4%	10%	8.05%	7.7%	-2.25%	9.6%	7.15%	3.88%	3.84%	3.45%	6.19%
EBITDA	393.4M	376.2M	303.2M	299.3M	302.6M	213.6M	360.5M	295.9M	284.1M	249.5M	275.1M	283.1M
EPS	1.61	1.48	1.01	0.9	0.89	-0.25	1.03	0.85	0.46	0.45	0.39	0.8
Diluted EPS	1.6	1.48	1.01	0.89	0.88	-0.25	1.03	0.85	0.46	0.44	0.39	0.79

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	6.8B	9.3B	8.7B	8.8B	12.1B	9.8B	16.1B	12.8B	7.9B	6B	5.9B
Enterprise value	9.2B	11.7B	11B	11B	14.1B	12.1B	19.3B	16.6B	12B	9.9B	10B
Shares outstanding	146.3M	146.3M	146.6M	146.2M	146.5M	145.5M	144.5M	144.9M	142.2M	138.9M	138.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	20	21.5	17.8	24	38	48.9	15.9	17.6	22.2	20.7	21
P/S	2.14	2.72	2.31	2.32	3.29	2.4	3	1.98	1.23	0.91	0.91
P/B	-10.5	-27.9	-1.9K	36.6	25.1	27.3	11.4	7.16	4.56	3.29	3.28
EV/EBITDA	14.6	16.1	13.2	14.9	21.2	18.9	17.4	12.1	10.2	9.04	9.02
EV/Sales	2.89	3.4	2.93	2.9	3.83	2.94	3.6	2.56	1.86	1.49	1.51
Earnings yield	5.01%	4.65%	5.61%	4.17%	2.63%	2.04%	6.28%	5.67%	4.5%	4.84%	4.77%
FCF yield	2.35%	1.87%	3.99%	4.63%	3.36%	1.31%	0.67%	-1.03%	2.9%	9.01%	7.63%
PEG	—	—	—	—	—	—	—	—	—	—	-3.56

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	24.6%	25.7%	26.7%	23.6%	22.7%	20.3%	26.8%	27.3%	21.7%	20.6%	20.4%
Operating margin	16.4%	16.9%	17.8%	14.7%	12.9%	10.8%	16.5%	16.5%	11.9%	10.5%	9.77%
Net margin	10.7%	12.7%	13%	9.65%	8.66%	4.9%	18.9%	11.2%	5.54%	4.39%	4.39%
ROE	-52.6%	-129.5%	-10.6K%	152.5%	66.1%	55.7%	71.5%	40.6%	20.6%	15.9%	16.3%
ROA	13.7%	15.8%	16%	7.85%	7.55%	4.85%	15.5%	9.85%	4.83%	3.93%	6.03%
ROIC	18.9%	21.6%	22%	17.1%	14.4%	12.8%	13.6%	14.4%	9.26%	8.39%	8.39%
Return on tangible assets	15.9%	18%	19%	9.2%	9.17%	5.85%	23.9%	14.4%	7.82%	6.37%	6.37%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.55	1.79	1.74	2.25	2.88	2.37	1.56	1.29	1.38	1.42	1.42
Quick ratio	0.6	0.73	0.84	1.77	2.05	1.55	0.88	0.59	0.68	0.74	0.74
Debt / equity	-3.75	-7.12	-505.8	14.9	5.76	7.63	2.47	2.15	2.39	2.16	2.21
Debt / assets	0.98	0.87	0.76	0.77	0.66	0.66	0.54	0.52	0.56	0.53	0.53
Net debt / EBITDA	3.77	3.22	2.79	2.98	2.99	3.5	2.88	2.76	3.48	3.55	3.55
Interest coverage	8.47	5.33	6.24	5.16	4.01	2.76	8.08	7.84	3.69	3.27	3.27
Effective tax rate	37.2%	25.7%	23.8%	25%	25.4%	25.3%	29.1%	24.7%	29.5%	31.2%	31.2%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	21.7	23.4	25.6	25.9	25.1	28.2	37	44.6	45.4	47.6	47.6
EPS (basic)	2.22	2.83	3.19	2.5	2.17	1.38	6.98	5.01	2.51	2.09	2.09
EPS (diluted)	2.22	2.82	3.18	2.49	2.16	1.38	6.95	4.98	2.5	2.08	2.08
Book value per share	-4.42	-2.29	-0.03	1.64	3.28	2.48	9.77	12.3	12.2	13.1	13.3
FCF per share	1.09	1.19	2.36	2.78	2.77	0.88	0.75	-0.91	1.62	3.89	3.91
Cash per share	0.39	0.38	0.08	9.33	5.35	3.61	2.11	0.49	0.5	0.49	0.5
Capex per share	1.96	2.1	2.28	1.15	1.01	1.99	4.53	6.41	4.49	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	9.07%	8.96%	8.9%	4.42%	4.01%	7.08%	12.2%	14.4%	9.89%	—	—
Capex / operating cash flow	64.5%	59%	48.1%	28.4%	24.6%	93.7%	86%	100.7%	72.4%	—	—
Payout ratio	250.1%	25.4%	23.3%	33.2%	42.6%	68.9%	14.5%	24%	57.9%	71.6%	72.1%
Dividend yield	12.5%	1.18%	1.3%	1.38%	1.12%	1.41%	0.91%	1.36%	2.61%	3.46%	3.52%

Yield

3.52%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.38

ex-dividend Aug 7, 2026

Payout ratio

72%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 7, 2026	$0.38
May 8, 2026	$0.38
Jan 30, 2026	$0.38
Oct 31, 2025	$0.37
Aug 1, 2025	$0.37
May 2, 2025	$0.37
Jan 31, 2025	$0.37
Nov 1, 2024	$0.36

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$1.7B	$1.7B	$1.5B	$1.6B	$1.7B	$1.6B	$1.5B	$1.7B	$1.7B	$1.6B	$1.6B	$1.8B
YoY change	+47.9%	+35.7%	+16.3%	-4.9%	-0.67%	-7.57%	+4.27%	+3.96%	+0.31%	+1.07%	+2.91%	+5.63%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	57.1M	55.6M	12.2M	1.4B	783.5M	525M	304.8M	71.4M	70.7M	68.2M
Receivables	185.2M	225.9M	340.1M	342.1M	366.9M	447.3M	724.2M	743.6M	781.6M	779.1M
Inventory	525M	549.7M	498.3M	486.7M	513.5M	574.4M	932M	1.1B	1B	968.5M
Total current assets	858.2M	930.4M	961.5M	2.3B	1.8B	1.7B	2.1B	2.1B	2B	2B
Property, plant & equipment	-646.5M	-791.8M	-944.5M	-968.1M	-1.1B	-1.2B	-622.5M	-993M	-1.3B	-1.9B
Goodwill & intangibles	340.4M	341M	487M	684.2M	742.8M	703.4M	2.3B	2.3B	2.8B	2.8B
Total assets	2.5B	2.8B	3B	4.7B	4.2B	4.1B	6.5B	7.4B	7.4B	7.4B
Accounts payable	295M	254.4M	289.2M	244.4M	359.3M	402.6M	636.6M	833.8M	616.4M	613.1M
Short-term debt	59.9M	48.3M	46.4M	575.9M	61.1M	54.6M	242.3M	412M	472.5M	347.7M
Total current liabilities	555.4M	518.7M	552.8M	1B	618.2M	699.1M	1.4B	1.6B	1.5B	1.4B
Long-term debt	2.4B	2.3B	2.3B	3B	2.7B	2.7B	3.2B	3.4B	3.7B	3.6B
Total liabilities	3.1B	3.1B	3.1B	4.4B	3.7B	3.8B	5.1B	5.6B	5.7B	5.6B
Shareholders' equity	-647.2M	-334.8M	-4.6M	240M	480.6M	360.5M	1.4B	1.8B	1.7B	1.8B
Total debt	2.4B	2.4B	2.3B	3.6B	2.8B	2.8B	3.5B	3.9B	4.2B	3.9B
Net debt	2.4B	2.3B	2.3B	2.2B	2B	2.2B	3.2B	3.8B	4.1B	3.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	163.3M	—	—	—	—	—	—	—	98.6M	82.7M	57.5M	68.2M
Receivables	725.7M	—	—	—	—	—	—	—	772.7M	742.2M	750.5M	779.1M
Inventory	872.9M	—	—	—	—	—	—	—	906.8M	1.1B	1.1B	968.5M
Total current assets	1.8B	—	—	—	—	—	—	—	1.9B	2B	2.1B	2B
Property, plant & equipment	-366.4M	—	—	—	—	—	—	—	-1.7B	-1.8B	-1.9B	-1.9B
Goodwill & intangibles	2.7B	—	—	—	—	—	—	—	2.9B	2.8B	2.8B	2.8B
Total assets	6.5B	—	—	—	—	—	—	—	7.2B	7.3B	7.4B	7.4B
Accounts payable	678.5M	—	—	—	—	—	—	—	544.9M	709.2M	599.7M	613.1M
Short-term debt	224.8M	—	—	—	—	—	—	—	320.7M	295.8M	377.9M	347.7M
Total current liabilities	1.3B	—	—	—	—	—	—	—	1.3B	1.4B	1.4B	1.4B
Long-term debt	3.2B	—	—	—	—	—	—	—	3.7B	3.6B	3.6B	3.6B
Total liabilities	5B	—	—	—	—	—	—	—	5.4B	5.6B	5.6B	5.6B
Shareholders' equity	1.5B	—	—	—	—	—	—	—	1.8B	1.8B	1.8B	1.8B
Total debt	3.5B	—	—	—	—	—	—	—	4B	3.9B	4B	3.9B
Net debt	3.3B	—	—	—	—	—	—	—	3.9B	3.9B	4B	3.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	340.2M	433.7M	487.2M	365.9M	317.8M	200.9M	1B	725.5M	357.2M	290M
Depreciation & amortization	109.1M	143.3M	162.4M	182.3M	187.8M	192.1M	222.8M	306.8M	407.5M	396.7M
Stock-based compensation	5.7M	13.5M	18.8M	22.8M	20.6M	21.3M	38.5M	46.8M	39.5M	46.2M
Change in working capital	-28.9M	-58.6M	-24.4M	-15.8M	58.4M	-111.2M	-107.9M	-161.8M	82.1M	54.7M
Operating cash flow	445.7M	520.3M	694.7M	590.8M	599.1M	309.6M	760.8M	923M	881.5M	942.9M
Capital expenditure	-287.4M	-306.8M	-334.2M	-167.7M	-147.2M	-290.1M	-654M	-929.5M	-638.2M	—
Investing cash flow	-285.3M	-306.8M	-423M	-346M	-162.5M	-310.5M	-1.3B	-984.1M	-648M	-3.5M
Dividends paid	-850.9M	-110.2M	-113.3M	-121.3M	-135.3M	-138.4M	-146.1M	-174M	-206.9M	-207.5M
Share repurchases	-200K	-2.7M	-36.4M	-28.9M	-36.1M	-158.4M	-51.6M	-225.3M	-294.4M	-122.8M
Financing cash flow	-142M	-178.9M	-299.6M	1.1B	-974M	-363.4M	340.8M	-48M	-1.9B	-1.9B
Net change in cash	18.4M	34.6M	-27.9M	1.4B	-537.4M	-364.3M	-239.3M	-109.1M	-1.7B	-926.6M
Free cash flow	159.5M	174.4M	346.7M	406.3M	405.5M	128.5M	107.7M	-131.3M	230.1M	540.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	234.8M	215M	146M	129.7M	127.4M	-36.1M	146M	119.9M	64.3M	62.1M	54M	109.6M
Depreciation & amortization	70.1M	70.6M	79.3M	86.8M	90.5M	120.5M	102.2M	94.3M	95.3M	96.2M	100.3M	104.9M
Stock-based compensation	9.9M	12.3M	12.2M	12.4M	9.5M	12.4M	9.1M	8.5M	10.6M	9.5M	10.5M	15.6M
Change in working capital	99.4M	-226.9M	-145.4M	111.1M	100.7M	-68.2M	-89.8M	139.4M	129M	-53.9M	-76.5M	56.1M
Operating cash flow	427.1M	69.6M	79M	347.3M	310.8M	63.5M	154.1M	354.9M	352M	178.4M	65.2M	347.3M
Capital expenditure	-267.3M	-240.3M	-255.8M	-166.1M	-325.9M	-148.7M	-77.3M	-87.8M	—	—	—	—
Investing cash flow	-304.8M	-273.1M	-246.9M	-159.3M	-352.2M	-149.3M	-74.1M	-89M	1.3M	1.7M	600K	-7.1M
Dividends paid	-40.8M	-40.8M	-40.4M	-52M	-51.7M	-51.6M	-51.4M	-52.2M	-51.7M	-51.6M	-51.4M	-52.8M
Share repurchases	-113.5M	-50.8M	-800K	-60.2M	-92.2M	-600K	-101M	-100.6M	-18.7M	-40.4M	-100K	-63.6M
Financing cash flow	-204.6M	32M	272.2M	-143.6M	-142.2M	-608.3M	-304.8M	-865.4M	-715.4M	-232.7M	-292.5M	-629.3M
Net change in cash	-82.3M	-171.5M	104.3M	44.4M	-183.6M	-694.1M	-224.8M	-599.5M	-362.1M	-52.6M	-226.7M	-289.1M
Free cash flow	67.3M	-119.7M	-229.5M	150.6M	4.3M	-49.6M	-19.8M	295.2M	274.4M	101M	-36.3M	201.1M

Lamb Weston Holdings, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement