Lamb Weston Financial Statements
NYSE: LWConsumer StaplesPackaged FoodsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lamb Weston revenue and earnings
In fiscal 2026, Lamb Weston generated $6.61 billion in revenue, up 2.5% from fiscal 2025. Net income was $290.0 million (-18.8% year over year), for a net margin of 4.4% versus a median of 8.7% in the prior 5 years. Gross margin was 20.6% (down from 21.7%) and operating margin 8.9%.
Diluted earnings per share came in at $2.08, down from $2.50. Over the last 5 fiscal years, LW's revenue has grown at a 12.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Lamb Weston income statement (annual)
| Fiscal year (USD) | FY 20262026-05-31 | FY 20252025-05-25 | FY 20242024-05-26 | FY 20232023-05-28 | FY 20222022-05-29 | FY 20212021-05-30 | FY 20202020-05-31 | FY 20192019-05-26 | FY 20182018-05-27 | FY 20172017-05-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.61B | 6.45B | 6.47B | 5.35B | 4.10B | 3.67B | 3.79B | 3.76B | 3.42B | 3.17B |
| Revenue growth (YoY) | +2.50% | -0.25% | +20.88% | +30.54% | +11.66% | -3.20% | +0.96% | +9.72% | +8.07% | +5.82% |
| Cost of Revenue | 5.25B | 5.05B | 4.70B | 3.92B | 3.27B | 2.84B | 2.90B | 2.75B | 2.54B | 2.38B |
| Gross Profit | 1.36B | 1.40B | 1.77B | 1.43B | 832.00M | 832.00M | 895.20M | 1.00B | 879.50M | 778.80M |
| Operating Expenses | 768.60M | 733.50M | 701.40M | 550.00M | 387.60M | 357.20M | 338.30M | 335.10M | 299.40M | 260.50M |
| Research & Development | 18.90M | 22.00M | 26.40M | 17.20M | 16.20M | 12.90M | 15.40M | 15.40M | 13.50M | 10.60M |
| Selling, General & Admin | 664.60M | 633.50M | 701.40M | 550.00M | 387.60M | 357.20M | 338.30M | 335.10M | 299.40M | 260.50M |
| Operating Income | 591.10M | 665.10M | 1.07B | 882.10M | 444.40M | 474.80M | 556.90M | 668.40M | 580.10M | 518.30M |
| Pretax Income | 418.10M | 500.30M | 955.50M | 1.23B | 272.70M | 408.30M | 478.20M | 620.80M | 554.90M | 510.40M |
| Income Tax | 128.10M | 143.10M | 230.00M | 224.60M | 71.80M | 90.50M | 112.30M | 133.60M | 121.20M | 170.20M |
| Net Income | 290.00M | 357.20M | 725.50M | 1.01B | 200.90M | 317.80M | 365.90M | 478.60M | 416.80M | 326.90M |
| Net Income growth (YoY) | -18.81% | -50.76% | -28.09% | +402.19% | -36.78% | -13.15% | -23.55% | +14.83% | +27.50% | +14.58% |
| EPS (Basic) | 2.09 | 2.51 | 5.01 | 6.98 | 1.38 | 2.17 | 2.50 | 3.19 | 2.83 | 2.22 |
| EPS (Diluted) | 2.08 | 2.50 | 4.98 | 6.95 | 1.38 | 2.16 | 2.49 | 3.18 | 2.82 | 2.22 |
| Shares Outstanding (Basic) | 138.90M | 142.20M | 144.90M | 144.50M | 145.50M | 146.40M | 146.20M | 146.50M | 146.30M | 146.10M |
| Shares Outstanding (Diluted) | 139.10M | 142.70M | 145.60M | 145.20M | 145.90M | 147.10M | 147.10M | 147.30M | 147.00M | 146.60M |
| EBITDA | 987.80M | 1.04B | 1.37B | 1.10B | 636.50M | 662.60M | 739.20M | 830.80M | 723.40M | 627.40M |
| Gross Margin | 20.56% | 21.68% | 27.32% | 26.77% | 20.30% | 22.66% | 23.61% | 26.71% | 25.69% | 24.58% |
| Operating Margin | 8.94% | 10.31% | 16.47% | 16.49% | 10.84% | 12.93% | 14.68% | 17.79% | 16.94% | 16.36% |
| Net Margin | 4.39% | 5.54% | 11.22% | 18.86% | 4.90% | 8.66% | 9.65% | 12.74% | 12.17% | 10.32% |
This table shows 10 annual periods of Lamb Weston's income statement, from FY 2026 back to FY 2017, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow LW's reporting calendar. What is a income statement?