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LW Financials Lamb Weston Holdings, Inc.

12 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 7.3% per year over the past 5 years.
  • Net income has grown slower than revenue (-1.8% vs 7.3% per year).
  • Free cash flow has grown 5.9% per year over the past 5 years.

Financial health

  • Total debt ($3.9B) exceeds cash ($68M); net debt is $3.9B.
  • Total debt has grown in line with revenue (7.4% vs 7.3% per year).
  • Total debt is 4.0× EBITDA.

Shareholder returns

  • Dividends have been paid for 10 consecutive years, consuming 71.6% of earnings and 38.4% of free cash flow.
  • The dividend has grown 8.9% per year over the past 5 years.
Revenue & net income
$0 $3B $7B 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 14% 27% 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-10404% -5126% 152% 0% 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$131M $204M $540M $0 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $2B $4B 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$1B -$108M $1B $0 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $6.6B $290M 20.6% 8.9% 15.9% 3.9% $540M $3.9B $68M
2025 $6.5B $357M 21.7% 10.3% 20.6% 4.8% $230M $4.1B $71M
2024 $6.5B $726M 27.3% 16.5% 40.6% 9.8% -$131M $4.2B $71M
2023 $5.4B $1.0B 26.8% 16.5% 71.5% 15.5% $108M $3.5B $305M
2022 — $201M — — 55.7% 4.9% $129M $2.7B $525M
2021 — $318M — — 66.1% 7.5% $406M $2.8B $784M
2020 — $366M — — 152.5% 7.8% $406M $3.6B $1.4B
2019 — $479M — — -10404.3% 15.7% $347M $2.3B $12M
2018 — $417M — — -124.5% 15.1% $174M $2.3B $56M
2017 — $327M — — -50.5% 13.2% $160M $2.4B $57M
2016 — $285M — — 20.4% 13.2% $230M — $36M
2015 — $268M — — 19.8% — $239M — $31M

Valuation over time

How the market has priced LW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 38.2 76.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.5 3.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 1.8 3.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is LW growing its revenue and profit?

Over the past 5 years, Lamb Weston Holdings, Inc.'s revenue has grown 7.3% per year, and net income declined 1.8% per year. These are computed facts, not advice.

How much debt does LW have?

As of FY2026, Lamb Weston Holdings, Inc. reported $3.9B of total debt against $68M of cash.

What is LW's profit margin?

In FY2026, gross margin was 20.6%, operating margin 8.9%, and net margin 4.4%.

What is LW's P/E ratio?

As of Sep '26, Lamb Weston Holdings, Inc. traded at a price-to-earnings ratio of about 23.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.