11 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.8% per year over the past 5 years.
Net income has grown slower than revenue (-0.5% vs 9.8% per year).
Free cash flow has declined 10.7% per year over the past 5 years.
Financial health
Total debt ($4.1B) exceeds cash ($71M); net debt is $4.1B.
Total debt has grown slower than revenue (3.1% vs 9.8% per year).
Total debt is 3.9× EBITDA.
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 57.9% of earnings and 89.9% of free cash flow.
The dividend has grown 11.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2025
$6.5B
$357M
21.7%
10.3%
$230M
$4.1B
$71M
2024
$6.5B
$726M
27.3%
16.5%
-$131M
$4.2B
$71M
2023
$5.4B
$1.0B
26.8%
16.5%
$108M
$3.5B
$305M
2022
—
$201M
—
—
$129M
$2.7B
$525M
2021
—
$318M
—
—
$406M
$2.8B
$784M
2020
—
$366M
—
—
$406M
$3.6B
$1.4B
2019
—
$479M
—
—
$347M
$2.3B
$12M
2018
—
$417M
—
—
$174M
$2.3B
$56M
2017
—
$327M
—
—
$160M
$2.4B
$57M
2016
—
$285M
—
—
$230M
—
$36M
2015
—
$268M
—
—
$239M
—
$31M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Feb '26
$1.6B
$54M
21.2%
8.1%
-$36M
—
$58M
Nov '25
$1.6B
$62M
20.0%
8.6%
$101M
—
$83M
Aug '25
$1.7B
$64M
20.6%
9.4%
$274M
—
$99M
May '25
$1.7B
$120M
20.4%
11.1%
$295M
$4.1B
$71M
Feb '25
$1.5B
$146M
27.8%
16.4%
-$20M
—
$68M
Nov '24
$1.6B
-$36M
17.4%
1.2%
-$50M
—
$79M
Aug '24
$1.7B
$127M
21.5%
12.8%
$4M
—
$121M
May '24
$1.6B
$130M
24.1%
13.2%
$151M
$4.2B
$71M
Feb '24
$1.5B
$146M
27.7%
15.4%
-$230M
—
$62M
Nov '23
$1.7B
$215M
27.5%
17.6%
-$120M
—
$78M
Aug '23
$1.7B
$235M
30.0%
19.4%
$67M
—
$163M
May '23
$1.7B
$499M
22.4%
11.0%
$202M
$3.5B
$305M
Feb '23
$1.3B
$175M
31.7%
21.2%
-$149M
—
$675M
Nov '22
$1.3B
$103M
29.9%
21.3%
-$36M
—
$419M
Aug '22
$1.1B
$232M
24.3%
13.9%
$91M
—
$485M
May '22
$1.2B
$32M
22.0%
11.8%
$172M
$2.7B
$525M
Feb '22
$955M
$107M
23.1%
14.0%
-$104M
—
$429M
Nov '21
$1.0B
$33M
20.4%
11.4%
-$23M
—
$622M
Aug '21
$984M
$30M
15.4%
6.1%
$83M
—
$790M
May '21
$1.0B
$66M
19.7%
9.8%
$123M
$2.8B
$784M
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 71.8× (Mar '23) to 17.3× (Jun '26).
The price-to-sales ratio has fallen from 2.9× (May '23) to 1.0× (Jun '26).
The dividend yield has risen from 1.0% (Mar '23) to 3.4% (Jun '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 9.8% per year, and net income declined 0.5% per year. These are computed facts, not advice.
How much debt does LW have?
As of FY2025, Lamb Weston Holdings, Inc. reported $4.1B of total debt against $71M of cash.
What is LW's profit margin?
In FY2025, gross margin was 21.7%, operating margin 10.3%, and net margin 5.5%.
What is LW's P/E ratio?
As of Jun '26, Lamb Weston Holdings, Inc. traded at a price-to-earnings ratio of about 17.3× (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.