Lamb Weston Holdings, Inc. LW

Consumer staples SIC 2030 - Canned, Frozen & Preservd Fruit, Veg & Food Specialties NAICS Manufacturing › Food Manufacturing › Fruit and Vegetable Preserving and Specialty Food Manufacturing › Frozen Food Manufacturing derived NYSE

Lamb Weston Holdings, Inc. ("we," "us," "our," "the Company," or "Lamb Weston") is a leading global producer, distributor, and marketer of value-added frozen potato products and is headquartered in Eagle, Idaho. We are the number one supplier of value-added frozen potato products in North America and a leading supplier of value-added frozen potato products internationally, with a strong presence in high-growth emerging markets. We offer a broad product portfolio to a diverse channel and customer base in over 100 countries. French fries represent most of our product portfolio.

We have two reportable segments: North America and International. For segment financial information, see "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and Note 13, Segments, of the Notes to Consolidated Financial Statements in "Part II, Item 8. Financial Statements and Supplementary Data" of this Form 10-K.

Last close 53.83 2026-10-23
Market cap $7.40B 2026-05-31 share count
52-week range 37.62 - 67.07

Valuation FY2025 figures against the last close

P/S1.1x
P/E25.9x
P/FCF13.7x
EV/EBITDA11.4x
Dividend yield2.8%
Diluted EPS2.08

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Non-US
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 4.3B (64.9%) 65% United States Non-US, FY2025: 2.3B (35.1%) 35% Non-US FY2024 United States, FY2024: 4.2B (64.7%) 65% Non-US, FY2024: 2.3B (35.3%) 35% FY2023 United States, FY2023: 4.3B (66.1%) 66% Non-US, FY2023: 2.2B (33.9%) 34%
Region FY2025FY2024FY2023
United States $4.29B $4.17B $4.28B
Non-US $2.32B $2.28B $2.19B

As the company reported it, from the “SEGMENTS - Net Sales and Long-Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.61B$6.45B$6.47B$5.35B$4.10B$3.67B$3.79B$3.76B$3.42B$3.17B
Cost of revenue $5.25B$5.05B$4.70B$3.92B$3.27B$2.84B$2.90B$2.75B$2.54B$2.39B
Gross profit $1.36B$1.40B$1.77B$1.43B$832.0M$832.0M$895.2M$1.00B$879.5M$778.8M
R&D $18.9M$22.0M$26.4M$17.2M$16.2M$12.9M$15.4M$15.4M$13.5M$10.6M
SG&A $664.6M$633.5M$701.4M$550.0M$387.6M$357.2M$338.3M$335.1M$299.4M$260.5M
Operating income $591.1M$665.1M$1.07B$882.1M$444.4M$474.8M$556.9M$668.4M$580.1M$518.3M
Pre-tax income $418.1M$500.3M$955.5M$1.23B$272.7M$408.3M$478.2M$620.8M$554.9M$510.4M
Income tax $128.1M$143.1M$230.0M$224.6M$71.8M$90.5M$112.3M$133.6M$121.2M$170.2M
Net income $290.0M$357.0M$726.0M$1.01B$201.0M$317.8M$365.9M$478.6M$416.8M$326.9M
EPS, basic 2.092.515.016.981.382.172.503.192.832.22
EPS, diluted 2.082.504.986.951.382.162.493.182.822.22
Shares, diluted (wtd. avg.) 139.1M142.7M145.6M145.2M145.9M147.1M147.1M147.3M147.0M146.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $68.2M$70.7M$71.4M$304.8M$525.0M$783.5M$1.36B$12.2M$55.6M$57.1M
Receivables $779.1M$781.6M$743.6M$724.2M$447.3M$366.9M$342.1M$340.1M$225.9M$185.2M
Inventory $968.5M$1.04B$1.14B$932.0M$574.4M$513.5M$486.7M$498.3M$549.7M$525.0M
Total current assets $2.01B$2.03B$2.09B$2.13B$1.66B$1.78B$2.30B$961.5M$930.4M$858.2M
Property, plant and equipment ———————$1.60B$1.42B$1.27B
Goodwill $1.13B$1.09B$1.06B$1.04B$318.0M$334.5M$303.8M$205.9M$135.1M$133.0M
Other intangibles $108.3M$114.0M$104.9M$110.2M$33.7M$36.9M$38.3M$37.6M$35.4M$37.2M
Total assets $7.38B$7.39B$7.37B$6.52B$4.14B$4.21B$4.66B$3.05B$2.75B$2.49B
Accounts payable $613.1M$616.4M$833.8M$636.6M$402.6M$359.3M$244.4M$289.2M$254.4M$295.0M
Short-term debt $249.4M$370.8M$326.3M$160.6M——$498.7M$8.4M$9.6M$22.0M
Total current liabilities $1.42B$1.48B$1.62B$1.36B$699.1M$618.2M$1.02B$552.8M$518.7M$555.4M
Long-term debt $3.68B$3.77B$3.84B———————
Retained earnings $2.93B$2.85B$2.70B$2.16B$1.31B$1.24B$1.06B$803.6M$426.4M$121.0M
Total equity $1.82B$1.74B$1.79B$1.41B$360.5M$480.6M$240.0M-$4.6M-$334.8M-$647.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $942.9M$868.3M$798.2M$761.7M$418.6M$552.7M$574.0M$680.9M$481.2M$446.9M
Depreciation and amortisation $396.7M$374.8M$306.8M$222.8M$192.1M$187.8M$182.3M$162.4M$143.3M$109.1M
Stock-based compensation $46.2M$39.5M$46.8M$38.5M$21.3M$20.6M$22.8M$18.8M$13.5M$5.7M
Capital expenditure $402.7M$638.2M$929.5M$654.0M$290.1M$147.2M$167.7M$334.2M$306.8M$287.4M
Investing cash flow -$380.2M-$648.0M-$984.1M-$1.34B-$310.5M-$162.5M-$346.0M-$423.0M-$306.8M-$285.3M
Financing cash flow -$569.1M-$225.0M-$48.0M$340.8M-$363.4M-$974.0M$1.12B-$299.6M-$178.9M-$142.0M
Dividends paid $207.5M$206.9M$174.0M$146.1M$138.4M$135.3M$121.3M$113.3M$110.2M$27.4M
Buybacks $113.2M$282.0M$210.0M$45.0M$150.7M$25.7M$22.9M$31.8M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001679273-26-000036.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 3.2B Gross profit, FY2016: 778.8M Net income, FY2016: 326.9M Revenue, FY2017: 3.4B Gross profit, FY2017: 879.5M Net income, FY2017: 416.8M Revenue, FY2018: 3.8B Gross profit, FY2018: 1B Net income, FY2018: 478.6M Revenue, FY2019: 3.8B Gross profit, FY2019: 895.2M Net income, FY2019: 365.9M Revenue, FY2020: 3.7B Gross profit, FY2020: 832M Net income, FY2020: 317.8M Revenue, FY2021: 4.1B Gross profit, FY2021: 832M Net income, FY2021: 201M Revenue, FY2022: 5.4B Gross profit, FY2022: 1.4B Net income, FY2022: 1B Revenue, FY2023: 6.5B Gross profit, FY2023: 1.8B Net income, FY2023: 726M Revenue, FY2024: 6.5B Gross profit, FY2024: 1.4B Net income, FY2024: 357M Revenue, FY2025: 6.6B Gross profit, FY2025: 1.4B Net income, FY2025: 290M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.17B $3.42B $3.76B $3.79B $3.67B $4.10B $5.35B $6.47B $6.45B $6.61B
Gross profit $778.8M $879.5M $1.00B $895.2M $832.0M $832.0M $1.43B $1.77B $1.40B $1.36B
Net income $326.9M $416.8M $478.6M $365.9M $317.8M $201.0M $1.01B $726.0M $357.0M $290.0M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Restructuring or exit costs Item 2.05
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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