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 Oct 9, 2026, 11:04 UTC 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

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$6.6B	$290M	20.6%	8.9%	15.9%	3.9%	$540M	$3.9B	$68M
2025	$6.5B	$357M	21.7%	10.3%	20.5%	4.8%	$230M	$4.1B	$71M
2024	$6.5B	$726M	27.3%	16.5%	40.6%	9.9%	-$131M	$4.2B	$71M
2023	$5.4B	$1.0B	26.8%	16.5%	71.5%	15.5%	$108M	$3.5B	$305M
2022	—	$201M	—	—	55.8%	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

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$1.7B	$29M	16.0%	4.9%	1.6%	0.4%	$146M	—	$166M
May '26	$1.8B	$110M	20.4%	9.5%	6.0%	1.5%	$201M	$3.9B	$68M
Feb '26	$1.6B	$54M	21.2%	8.1%	3.0%	0.7%	-$36M	—	$58M
Nov '25	$1.6B	$62M	20.0%	8.6%	3.5%	0.8%	$101M	—	$83M
Aug '25	$1.7B	$64M	20.6%	9.4%	3.6%	0.9%	$274M	—	$99M
May '25	$1.7B	$120M	20.4%	11.1%	6.9%	1.6%	$295M	$4.1B	$71M
Feb '25	$1.5B	$146M	27.8%	16.4%	8.9%	2.0%	-$20M	—	$68M
Nov '24	$1.6B	-$36M	17.4%	1.2%	-2.2%	-0.5%	-$50M	—	$79M
Aug '24	$1.7B	$127M	21.5%	12.8%	6.9%	1.7%	$4M	—	$121M
May '24	$1.6B	$130M	24.1%	13.2%	7.3%	1.8%	$151M	$4.2B	$71M
Feb '24	$1.5B	$146M	27.7%	15.4%	8.3%	2.0%	-$230M	—	$62M
Nov '23	$1.7B	$215M	27.5%	17.6%	12.9%	3.1%	-$120M	—	$78M
Aug '23	$1.7B	$235M	30.0%	19.4%	15.6%	3.6%	$67M	—	$163M
May '23	$1.7B	$499M	22.4%	11.0%	35.3%	7.7%	$202M	$3.5B	$305M
Feb '23	$1.3B	$175M	31.7%	21.2%	—	3.4%	-$149M	—	$675M
Nov '22	$1.3B	$103M	29.9%	21.3%	—	2.3%	-$36M	—	$419M
Aug '22	$1.1B	$232M	24.3%	13.9%	—	5.3%	$91M	—	$485M
May '22	$1.2B	$32M	22.0%	11.8%	8.9%	0.8%	$172M	$2.7B	$525M
Feb '22	$955M	$107M	23.1%	14.0%	27.2%	2.6%	-$104M	—	$429M
Nov '21	$1.0B	$33M	20.4%	11.4%	8.9%	0.8%	-$23M	—	$622M

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.

The price-to-earnings ratio has fallen from 71.7× (Mar '23) to 26.9× (Nov '26).
The price-to-sales ratio has fallen from 2.9× (May '23) to 1.2× (Nov '26).
The dividend yield has risen from 1.0% (Mar '23) to 2.7% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

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?

Lamb Weston Holdings, Inc.'s P/E (TTM) is 30.60 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.