LWNYSECanned, Frozen & Preservd Fruit, Veg & Food SpecialtiesFiscal year ends May 31
Lamb Weston Holdings, Inc.
Financials through Q1 FY2027, quarter ended Aug 30, 2026Last filing: 10-Q on Oct 6, 2026
$53.44−0.15 (-0.28%)
Close on Oct 19, 2026
- Market cap
- $7.38B
- P/E (TTM)
- 29.0
- Dividend yield
- 2.81%
Margins
Share of revenue, fiscal years 2014 to 2026
Gross margin
20.6%−2.1 pts over 5 years
Operating margin
8.9%−4.0 pts over 5 years
Net margin
4.4%−4.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.5% | +7.3% | +12.5% | +8.2% | |
| Gross profit | -2.8% | -1.7% | +10.3% | +7.5% | |
| Operating income | -11.1% | -12.5% | +4.5% | +4.7% | |
| Net income | -18.8% | -34.0% | -1.8% | +0.2% | |
| EPS, diluted | -16.8% | -33.1% | -0.8% | +0.8% | |
| Free cash flow | +134.8% | +71.2% | +5.9% | +8.9% | |
| Dividend per share | +2.7% | +12.6% | +10.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 86.8% | 88.2% | 16.3% | |
| Return on assets | 14.1% | 7.2% | 3.9% | |
| Current ratio | 1.55 | 2.88 | 1.42 | |
| Debt to equity | -3.75 | 5.70 | 2.15 | |
| Net debt to EBITDA | 3.77× | 2.95× | 3.89× | |
| Inventory turnover | 4.7× | 5.7× | 5.2× | |
| Capex to revenue | 9.1% | 4.0% | 6.1% | |
| Diluted shares | 147M | 147M | 139M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Lamb Weston generated $3.79B from operations and spent $3.79B on capital expenditure, dividends and share buybacks. 77% of that went back into the business.
Generated
$3.79B
Used
$3.79B
Capital expenditure$2.91B77%Dividends$872.90M23%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.4%
×Asset turnover0.90×
×Equity multiplier4.15×
=Return on equity, FY202616.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 4.4% | 0.90× | 4.15× | 16.3% |
| FY2025 | 5.5% | 0.87× | 4.19× | 20.3% |
| FY2024 | 11.2% | 0.93× | 4.34× | 45.4% |
| FY2023 | 18.9% | 1.00× | 6.02× | 113.9% |
| FY2022 | 4.9% | 0.98× | 9.93× | 47.8% |
| FY2021 | 8.7% | 0.83× | 12.31× | 88.2% |
| FY2020 | 9.6% | 0.98× | 32.75× | 310.9% |
| FY2019 | 12.7% | 1.30× | -17.09× | -282.0% |
| FY2018 | 12.2% | 1.31× | -5.33× | -84.9% |
| FY2017 | 10.3% | 1.36× | 6.16× | 86.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$290.00M
- Cash generatingOperating cash flow above zero$942.90M
- Return on assets improvedROA up on the prior year4.8% → 3.9%
- Earnings backed by cashOperating cash flow above net income$942.90M vs $290.00M
- Less leverageLong-term debt to assets fell49.8% → 48.7%
- Better liquidityCurrent ratio rose1.38 → 1.42
- No dilutionShare count did not rise143M → 139M
- Gross margin improvedGross margin up on the prior year21.68% → 20.56%
- More efficientAsset turnover rose0.88 → 0.89