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LW

Lamb Weston Holdings, Inc.

LW

Lamb Weston Holdings, Inc. • NYSE
$59.06 ▼ -0.92% (-0.55)
Market Cap $8.23 B
52w High $83.98
52w Low $47.87
Dividend Yield 1.48%
P/E 28.39
Volume 381.27K
Outstanding Shares 139.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $1.659B ▼ $185.9M ▲ $64.3M ▼ 3.875% ▼ $0.46 ▼ $251.8M ▼
Q4-2025 $1.676B ▲ $156.5M ▼ $119.9M ▼ 7.155% ▼ $0.85 ▼ $280.1M ▼
Q3-2025 $1.52B ▼ $173.8M ▼ $146M ▲ 9.602% ▲ $1.03 ▲ $350.9M ▲
Q2-2025 $1.601B ▼ $259.3M ▲ $-36.1M ▼ -2.255% ▼ $-0.25 ▼ $139M ▼
Q1-2025 $1.654B $143.9M $127.4M 7.702% $0.89 $302.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $98.6M ▲ $7.237B ▼ $5.447B ▼ $1.79B ▲
Q4-2025 $70.7M ▲ $7.393B ▼ $5.655B ▼ $1.738B ▲
Q3-2025 $67.5M ▼ $7.423B ▼ $5.789B ▼ $1.634B ▲
Q2-2025 $79M ▼ $7.452B ▼ $5.819B ▲ $1.633B ▼
Q1-2025 $120.8M $7.513B $5.676B $1.837B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $64.3M ▼ $352M ▼ $-76.3M ▲ $-248.5M ▲ $27.9M ▲ $274.4M ▼
Q4-2025 $119.9M ▼ $383M ▲ $-89M ▼ $-294.4M ▼ $3.2M ▲ $295.2M ▲
Q3-2025 $146M ▲ $56M ▼ $-74.1M ▲ $6.1M ▼ $-11.5M ▲ $-19.8M ▲
Q2-2025 $-36.1M ▼ $99.1M ▼ $-149.3M ▲ $11.1M ▼ $-41.8M ▼ $-49.6M ▼
Q1-2025 $127.4M $330.2M $-335.6M $52.2M $49.4M $4.3M

Revenue by Products

Product Q1-2023Q2-2023Q3-2023Q4-2023
Foodservice Segment
Foodservice Segment
 $370.00M ▲$360.00M ▼$360.00M ▲$400.00M ▲
Global Segment
Global Segment
 $560.00M ▲$690.00M ▲$650.00M ▼$1.03Bn ▲
Other
Other
 $30.00M ▲$30.00M ▲$30.00M ▲$40.00M ▲
Retail Segment
Retail Segment
 $170.00M ▲$190.00M ▲$220.00M ▲$220.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Lamb Weston’s sales have climbed meaningfully over the last several years, showing that demand for its frozen potato products remains healthy. However, profits have been more volatile than revenues. After a very strong year a couple of years ago, earnings have stepped down, suggesting margin pressure from higher costs, mix shifts, or one‑off items. The business is clearly growing in size, but recent results show that turning that growth into consistent, rising profits is still a work in progress.

Balance Sheet

Balance Sheet The balance sheet shows a company that has expanded its asset base and used a fair amount of borrowing to do it. Total assets have grown, but cash on hand has been drawn down to quite low levels, while debt has steadily increased. Shareholders’ equity has been rebuilt from a thin base and is now healthier, but leverage remains notable. Overall, Lamb Weston looks like a capital‑intensive business that is comfortable using debt, with less of a cash cushion than earlier in the period.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has been gradually improving, which is a positive sign for the underlying business. At the same time, the company has been spending heavily on new plants and equipment, so free cash flow has been tight and even negative in one recent year. This pattern points to an aggressive investment phase: money is being plowed back into capacity and modernization rather than accumulating as surplus cash. Future cash flexibility will depend on how much these investments boost earnings once spending normalizes.

Competitive Edge

Competitive Edge Lamb Weston operates in a concentrated global frozen potato market that functions more like a tight club than a crowded battlefield. Its scale, plant network in low‑cost potato regions, and long relationships with major fast‑food chains create a solid competitive moat. The company benefits from cost advantages and high switching costs for customers that depend on reliable, consistent supply. Offsetting this strength, it does carry customer concentration risk, exposure to crop and energy costs, and the need to keep large, expensive plants running efficiently to maintain its edge.

Innovation and R&D

Innovation and R&D The company’s innovation is less about flashy breakthroughs and more about process, data, and product refinement. It has a history of manufacturing innovation and is now pushing a digital “data fabric” across its plants to improve efficiency, quality, and food safety. On the product side, Lamb Weston has leaned into higher‑value items like coated and delivery‑friendly fries, plus formats that fit health, convenience, and at‑home trends, and it is tying this to sustainability commitments in farming and packaging. R&D appears tightly linked to customer feedback and operational gains rather than blue‑sky projects, which suits its industrial, scale‑driven model.

Summary

Lamb Weston is a clear specialist in a narrow, defensible niche: frozen potato products for foodservice and retail. The last several years show solid revenue growth and a stronger operating base, supported by scale, cost advantages, and sticky customer relationships. At the same time, earnings have become choppier, leverage has increased, and heavy investment has kept free cash flow constrained. The story going forward hinges on whether the recent wave of capital spending, digital upgrades, and product innovation can translate into more stable margins and stronger cash generation, while managing agricultural volatility and dependence on a few very large customers.

NEWS

November 19, 2025 · 9:30 AM UTC

Lamb Weston to Announce Fiscal Year 2026 Second Quarter Financial Results on December 19, 2025

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October 16, 2025 · 4:46 PM UTC

LAMB WESTON INVESTIGATION: Bragar Eagel & Squire, P.C. Reminds Long-Term Lamb Weston Holdings, Inc. Stockholders of the Investigation into Lamb Weston and Encourages Investors to Contact the Firm

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October 7, 2025 · 2:35 PM UTC

Lamb Weston Opens New Mar del Plata, Argentina Production Facility

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September 30, 2025 · 8:30 AM UTC

Lamb Weston Reports First Quarter Fiscal 2026 Results; Reaffirms Fiscal Year 2026 Outlook

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September 25, 2025 · 5:00 PM UTC

Lamb Weston Holdings Announces Quarterly Dividend

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