Lamb Weston (LW) Financials

$41.99 -0.20 (-0.48%)

Closing price 03:59 PM Eastern

Extended Trading

$41.46 -0.53 (-1.26%)

As of 07:10 PM Eastern

Annual Income Statements for Lamb Weston

This table shows Lamb Weston's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/29/2016	5/28/2017	5/27/2018	5/26/2019	5/31/2020	5/30/2021	5/29/2022	5/28/2023	5/26/2024	5/25/2025
Net Income / (Loss) Attributable to Common Shareholders	268	285	327	417	479	366	318	201	1,009	726	357
Consolidated Net Income / (Loss)	278	295	340	434	487	366	318	201	1,009	726	357
Net Income / (Loss) Continuing Operations	278	295	340	434	487	366	318	201	1,009	726	357
Total Pre-Tax Income	375	367	457	471	561	449	357	283	773	930	485
Total Operating Income	381	373	518	580	668	557	475	444	882	1,065	665
Total Gross Profit	587	662	779	880	1,004	895	832	832	1,432	1,767	1,399
Total Revenue	2,925	2,994	3,168	3,424	3,757	3,792	3,671	4,099	5,351	6,468	6,451
Operating Revenue	2,925	2,994	3,168	3,424	3,757	3,792	3,671	4,099	5,351	6,468	6,451
Total Cost of Revenue	2,338	2,332	2,389	2,544	2,753	2,897	2,839	3,267	3,919	4,701	5,053
Operating Cost of Revenue	2,338	2,332	2,389	2,544	2,753	2,897	2,839	3,267	3,919	4,701	5,053
Total Operating Expenses	206	289	261	299	335	338	357	388	550	701	734
Selling, General & Admin Expense	206	289	261	299	335	338	357	388	550	701	634
Restructuring Charge	-	-	-	-	-	-	-	-	0.00	0.00	100
Total Other Income / (Expense), net	-6.10	-5.90	-61	-109	-107	-108	-118	-161	-109	-136	-180
Interest & Investment Income	-6.10	-5.90	-61	-109	-107	-108	-118	-161	-109	-136	-180
Income Tax Expense	140	145	170	121	134	112	91	72	225	230	143
Other Gains / (Losses), net	43	72	53	84	60	29	52	-11	461	26	15
Basic Earnings per Share	$1.83	$1.92	$2.22	$2.83	$3.19	$2.50	$2.17	$1.38	$6.98	$5.01	$2.51
Weighted Average Basic Shares Outstanding	-	-	146.10M	147.30M	150M	146.20M	146.40M	145.50M	144.50M	144.90M	142.20M
Diluted Earnings per Share	$1.83	$1.92	$2.22	$2.82	$3.18	$2.49	$2.16	$1.38	$6.95	$4.98	$2.50
Weighted Average Diluted Shares Outstanding	-	-	146.10M	147.30M	150M	147.10M	147.10M	145.90M	145.20M	145.60M	142.70M
Weighted Average Basic & Diluted Shares Outstanding	-	-	146.10M	147.30M	150M	146.06M	146.19M	143.75M	145.67M	143.67M	139.30M
Cash Dividends to Common per Share	$0.00	$0.00	$0.38	$0.76	$0.78	$0.86	$0.93	$0.96	$1.05	$1.28	$1.46

This table shows Lamb Weston's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	11/24/2024	2/23/2025	5/25/2025	8/24/2025	11/23/2025	2/22/2026
Net Income / (Loss) Attributable to Common Shareholders	235	215	146	130	127	-36	146	120	64	62	54
Consolidated Net Income / (Loss)	235	215	146	130	127	-36	146	120	64	62	54
Net Income / (Loss) Continuing Operations	235	215	146	130	127	-36	146	120	64	62	54
Total Pre-Tax Income	293	277	188	172	167	-25	201	142	113	95	82
Total Operating Income	323	306	224	213	212	19	249	186	157	139	127
Total Gross Profit	500	476	404	388	356	278	423	342	342	324	332
Total Revenue	1,665	1,732	1,458	1,612	1,654	1,601	1,521	1,676	1,659	1,618	1,565
Operating Revenue	1,665	1,732	1,458	1,612	1,654	1,601	1,521	1,676	1,659	1,618	1,565
Total Cost of Revenue	1,166	1,257	1,055	1,224	1,298	1,323	1,098	1,334	1,317	1,294	1,233
Operating Cost of Revenue	1,166	1,257	1,055	1,224	1,298	1,323	1,098	1,334	1,317	1,294	1,233
Total Operating Expenses	176	170	180	175	144	259	174	157	186	185	205
Selling, General & Admin Expense	176	170	180	175	144	185	164	141	154	171	157
Restructuring Charge	-	0.00	0.00	-	0.00	75	9.60	-	32	14	48
Total Other Income / (Expense), net	-31	-29	-36	-40	-45	-43	-47	-44	-44	-44	-45
Interest & Investment Income	-31	-29	-36	-40	-45	-43	-47	-44	-44	-44	-45
Income Tax Expense	70	66	43	51	51	13	58	21	48	36	30
Other Gains / (Losses), net	12	4.70	1.00	8.20	11	2.10	2.10	-0.30	-0.60	3.20	2.70
Basic Earnings per Share	$1.61	$1.48	$1.01	$0.91	$0.89	($0.25)	$1.03	$0.84	$0.46	$0.45	$0.39
Weighted Average Basic Shares Outstanding	145.70M	144.90M	144.50M	144.90M	143.60M	142.80M	141.90M	142.20M	139.50M	139.40M	139M
Diluted Earnings per Share	$1.60	$1.48	$1.01	$0.89	$0.88	($0.25)	$1.03	$0.84	$0.46	$0.44	$0.39
Weighted Average Diluted Shares Outstanding	146.60M	145.50M	145.30M	145.60M	144.20M	143.20M	142.40M	142.70M	139.80M	139.60M	139.30M
Weighted Average Basic & Diluted Shares Outstanding	144.93M	144.37M	144.39M	143.67M	142.60M	142.64M	141.12M	139.30M	139.35M	138.88M	138.07M
Cash Dividends to Common per Share	$0.28	$0.28	$0.36	-	$0.36	$0.36	$0.37	-	$0.37	$0.37	$0.38

This table details how cash moves in and out of Lamb Weston's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/29/2016	5/28/2017	5/27/2018	5/26/2019	5/31/2020	5/30/2021	5/29/2022	5/28/2023	5/26/2024	5/25/2025
Net Change in Cash & Equivalents	3.60	5.80	21	-4.50	-42	1,352	-581	-259	-220	-233	-0.70
Net Cash From Operating Activities	354	382	447	481	681	574	553	419	762	798	868
Net Cash From Continuing Operating Activities	354	382	447	481	681	574	553	419	762	798	868
Net Income / (Loss) Continuing Operations	278	295	340	434	487	366	318	201	1,009	726	357
Consolidated Net Income / (Loss)	278	295	340	434	487	366	318	201	1,009	726	357
Depreciation Expense	96	96	109	143	162	182	188	192	223	307	408
Non-Cash Adjustments To Reconcile Net Income	-24	-31	-17	-22	5.00	24	-12	105	-423	13	30
Changes in Operating Assets and Liabilities, net	3.50	22	14	-74	26	1.70	59	-79	-47	-247	73
Net Cash From Investing Activities	-171	-144	-285	-307	-423	-346	-163	-311	-1,341	-984	-648
Net Cash From Continuing Investing Activities	-171	-144	-285	-307	-423	-346	-163	-311	-1,341	-984	-648
Purchase of Property, Plant & Equipment	-115	-152	-287	-307	-337	-208	-163	-306	-736	-992	-672
Acquisitions	-75	-	0.00	0.00	-89	-139	0.00	0.00	-610	-11	0.00
Other Investing Activities, net	-	0.00	2.10	0.00	2.50	1.70	0.80	-4.10	5.50	18	24
Net Cash From Financing Activities	-178	-233	-142	-179	-300	1,125	-974	-363	341	-48	-225
Net Cash From Continuing Financing Activities	-178	-233	-142	-179	-300	1,125	-974	-363	341	-48	-225
Repayment of Debt	-16	-39	-39	-54	-68	152	-803	-1,743	-48	-1,316	-1,988
Repurchase of Common Equity	-	-	-0.20	-2.70	-36	-29	-36	-158	-52	-225	-294
Payment of Dividends	-11	-8.30	-863	-125	-198	-121	-135	-138	-146	-174	-207
Issuance of Debt	0.00	51	799	2.20	2.10	1,123	0.00	1,676	586	1,667	2,264
Effect of Exchange Rate Changes	-1.20	0.60	-	-	-	-1.20	3.30	-3.20	18	0.50	4.00

This table details how cash moves in and out of Lamb Weston's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	11/24/2024	2/23/2025	5/25/2025	8/24/2025	11/23/2025	2/22/2026
Net Change in Cash & Equivalents	-142	-85	-16	9.10	49	-42	-12	3.20	28	-16	-25
Net Cash From Operating Activities	335	121	26	317	330	99	56	383	352	178	65
Net Cash From Continuing Operating Activities	335	121	26	317	330	99	56	383	352	178	65
Net Income / (Loss) Continuing Operations	235	215	146	130	127	-36	146	120	64	62	54
Consolidated Net Income / (Loss)	235	215	146	130	127	-36	146	120	64	62	54
Depreciation Expense	70	71	79	87	91	121	102	94	95	96	100
Non-Cash Adjustments To Reconcile Net Income	-2.30	6.10	19	1.70	-6.60	21	7.10	9.70	24	7.60	43
Changes in Operating Assets and Liabilities, net	32	-171	-218	99	119	-6.00	-199	159	169	13	-132
Net Cash From Investing Activities	-305	-266	-254	-159	-336	-149	-74	-89	-76	-61	-101
Net Cash From Continuing Investing Activities	-305	-266	-254	-159	-336	-149	-74	-89	-76	-61	-101
Purchase of Property, Plant & Equipment	-305	-262	-262	-164	-352	-154	-77	-88	-79	-77	-101
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	-	-	0.20
Net Cash From Financing Activities	-172	60	212	-148	52	11	6.10	-294	-249	-133	7.70
Net Cash From Continuing Financing Activities	-172	60	212	-148	52	11	6.10	-294	-249	-133	7.70
Repayment of Debt	-47	-42	-14	-364	-205	-868	-322	-593	-483	-111	-320
Repurchase of Common Equity	-114	-51	-0.80	-60	-92	-0.60	-101	-101	-19	-40	-0.10
Payment of Dividends	-41	-41	-40	-52	-52	-52	-51	-52	-52	-52	-51
Issuance of Debt	29	194	268	328	401	931	480	452	305	70	379
Effect of Exchange Rate Changes	-	-	-	-0.20	-	-	0.50	3.60	0.70	-	2.60

This table presents Lamb Weston's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/29/2016	5/28/2017	5/27/2018	5/26/2019	5/31/2020	5/30/2021	5/29/2022	5/28/2023	5/26/2024	5/25/2025
Total Assets	2,158	2,486	2,753	3,048	4,662	4,209	4,140	6,520	7,367	7,393
Total Current Assets	780	858	930	962	2,303	1,782	1,660	2,127	2,090	2,033
Cash & Equivalents	36	57	56	12	1,364	784	525	305	71	71
Accounts Receivable	187	185	226	340	342	367	447	724	744	782
Inventories, net	499	525	550	498	487	514	574	932	1,139	1,035
Prepaid Expenses	58	91	99	111	110	118	113	166	136	145
Plant, Property, & Equipment, net	1,043	1,271	1,421	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	335	356	401	2,087	2,360	2,428	2,480	4,393	5,277	5,360
Goodwill	134	133	135	206	304	335	318	1,041	1,060	1,090
Intangible Assets	40	37	35	38	38	37	34	110	105	114
Other Noncurrent Operating Assets	6.50	7.40	11	1,619	1,767	1,746	1,871	3,242	4,112	4,156
Total Liabilities & Shareholders' Equity	2,158	2,486	2,753	3,048	4,662	4,209	4,140	6,520	7,367	7,393
Total Liabilities	710	3,082	3,032	3,053	4,422	3,729	3,779	5,109	5,579	5,655
Total Current Liabilities	410	555	519	553	1,025	618	699	1,360	1,624	1,476
Short-Term Debt	38	60	48	46	548	32	32	214	383	449
Accounts Payable	238	295	254	289	244	359	403	637	834	616
Accrued Expenses	133	201	216	217	233	227	264	510	408	411
Total Noncurrent Liabilities	301	2,527	2,513	2,500	3,397	3,111	3,080	3,748	3,955	4,179
Long-Term Debt	105	2,365	2,337	2,280	2,993	2,705	2,696	3,248	3,441	3,683
Noncurrent Deferred & Payable Income Tax Liabilities	144	91	92	126	153	160	173	252	256	254
Other Noncurrent Operating Liabilities	52	71	84	94	252	246	212	248	258	243
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,401	-647	-335	-4.60	240	481	361	1,411	1,788	1,738
Total Preferred & Common Equity	1,401	-647	-335	-4.60	240	481	361	1,411	1,788	1,738
Total Common Equity	1,401	-647	-335	-4.60	240	481	361	1,411	1,788	1,738
Common Stock	0.00	-759	-754	-744	-716	-689	-665	-408	-358	-328
Retained Earnings	0.00	121	426	804	1,065	1,245	1,306	2,161	2,700	2,849
Treasury Stock	0.00	-0.20	-2.90	-39	-68	-104	-264	-314	-541	-838
Accumulated Other Comprehensive Income / (Loss)	-9.20	-9.30	-4.30	-25	-41	30	-16	-27	-13	55

This table presents Lamb Weston's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	5/28/2023	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	11/24/2024	2/23/2025	8/24/2025	11/23/2025	2/22/2026
Total Assets	6,520	6,540	7,045	7,246	7,367	7,513	7,452	7,423	7,237	7,331	7,394
Total Current Assets	2,127	1,846	2,081	2,159	2,090	2,064	2,191	2,195	1,873	2,011	2,060
Cash & Equivalents	305	163	78	62	71	121	79	68	99	83	58
Accounts Receivable	724	726	766	736	744	721	695	717	773	742	751
Inventories, net	932	873	1,154	1,210	1,139	1,136	1,327	1,249	907	1,118	1,094
Prepaid Expenses	166	84	83	151	136	86	90	162	95	68	158
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	4,393	4,693	4,964	5,087	5,277	5,449	5,261	5,228	5,363	5,320	5,334
Goodwill	1,041	1,042	1,065	1,057	1,060	1,088	1,028	1,027	1,114	1,100	1,135
Intangible Assets	110	109	109	106	105	108	101	99	115	111	110
Other Noncurrent Operating Assets	3,242	3,543	3,790	3,924	4,112	4,253	4,132	4,101	4,135	4,110	4,089
Total Liabilities & Shareholders' Equity	6,520	6,540	7,045	7,246	7,367	7,513	7,452	7,423	7,237	7,331	7,394
Total Liabilities	5,109	5,037	5,378	5,488	5,579	5,676	5,819	5,789	5,447	5,577	5,566
Total Current Liabilities	1,360	1,285	1,618	1,816	1,624	1,730	1,627	1,621	1,258	1,403	1,410
Short-Term Debt	214	196	349	678	383	594	390	565	297	270	350
Accounts Payable	637	679	835	684	834	689	846	665	545	709	600
Accrued Expenses	510	411	434	454	408	448	391	392	416	424	460
Total Noncurrent Liabilities	3,748	3,751	3,760	3,672	3,955	3,946	4,192	4,168	4,189	4,174	4,157
Long-Term Debt	3,248	3,249	3,253	3,175	3,441	3,437	3,694	3,681	3,671	3,649	3,643
Noncurrent Deferred & Payable Income Tax Liabilities	252	256	260	255	256	257	247	243	264	273	273
Other Noncurrent Operating Liabilities	248	247	247	242	258	251	251	245	254	251	241
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,411	1,503	1,668	1,758	1,788	1,837	1,633	1,634	1,790	1,754	1,827
Total Preferred & Common Equity	1,411	1,503	1,668	1,758	1,788	1,837	1,633	1,634	1,790	1,754	1,827
Total Common Equity	1,411	1,503	1,668	1,758	1,788	1,837	1,633	1,634	1,790	1,754	1,827
Common Stock	-408	-398	-385	-370	-358	-348	-346	-337	-316	-302	-291
Retained Earnings	2,161	2,355	2,529	2,622	2,700	2,775	2,687	2,781	2,862	2,872	2,873
Treasury Stock	-314	-428	-479	-480	-541	-634	-634	-736	-857	-897	-898
Accumulated Other Comprehensive Income / (Loss)	-27	-26	3.70	-14	-13	43	-74	-74	101	82	143

This table displays calculated financial ratios and metrics derived from Lamb Weston's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	5/29/2016	5/28/2017	5/27/2018	5/26/2019	5/31/2020	5/30/2021	5/29/2022	5/28/2023	5/26/2024	5/25/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	2.35%	5.82%	8.07%	9.72%	0.96%	-3.20%	11.66%	30.54%	20.88%	-0.25%
EBITDA Growth	0.00%	-1.80%	33.72%	15.30%	14.85%	-11.03%	-10.36%	-3.94%	73.59%	24.18%	-21.83%
EBIT Growth	0.00%	-2.12%	38.84%	11.92%	15.22%	-16.68%	-14.74%	-6.40%	98.49%	20.77%	-37.57%
NOPAT Growth	0.00%	-5.13%	43.64%	32.46%	18.19%	-18.01%	-15.16%	-6.34%	88.59%	28.11%	-41.51%
Net Income Growth	0.00%	6.12%	15.48%	27.48%	12.34%	-24.90%	-13.15%	-36.78%	402.19%	-28.09%	-50.77%
EPS Growth	0.00%	4.92%	15.63%	27.03%	12.77%	-21.70%	-13.25%	-36.11%	403.62%	-28.35%	-49.80%
Operating Cash Flow Growth	0.00%	8.09%	16.90%	7.68%	41.50%	-15.70%	-3.71%	-24.26%	81.96%	4.79%	8.78%
Free Cash Flow Firm Growth	0.00%	0.00%	111.26%	46.37%	31.72%	32.37%	17.51%	-62.11%	-1,191.15%	89.65%	224.14%
Invested Capital Growth	0.00%	0.00%	13.81%	14.92%	13.92%	3.87%	-1.92%	8.56%	98.11%	21.26%	4.67%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.57%	2.32%	-3.96%	4.58%	3.68%	11.27%	-1.27%	1.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	2.93%	2.49%	-13.69%	11.57%	6.94%	6.85%	3.22%	-1.76%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	1.92%	2.22%	-17.37%	16.72%	9.11%	6.14%	2.45%	-3.86%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	6.81%	3.71%	-17.63%	16.87%	10.49%	-0.96%	6.43%	1.85%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	5.94%	1.58%	-23.44%	26.77%	-14.29%	86.11%	-33.73%	-2.64%
EPS Q/Q Growth	0.00%	0.00%	0.00%	6.02%	2.58%	-23.62%	26.32%	-13.21%	85.33%	-33.78%	-1.96%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	13.40%	-4.33%	10.64%	-14.61%	7.72%	18.95%	31.40%	-12.10%	8.27%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	46.70%	-14.85%	8.66%	51.82%	-46,788.54%	90.48%	6.38%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	1.08%	-2.03%	-3.30%	-2.49%	-3.11%	51.51%	-0.16%	-0.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.08%	22.11%	24.58%	25.69%	26.71%	23.61%	22.66%	20.30%	26.77%	27.32%	21.68%
EBITDA Margin	16.34%	15.67%	19.80%	21.13%	22.12%	19.49%	18.05%	15.53%	20.65%	21.22%	16.63%
Operating Margin	13.04%	12.47%	16.36%	16.94%	17.79%	14.68%	12.93%	10.84%	16.49%	16.47%	10.31%
EBIT Margin	13.04%	12.47%	16.36%	16.94%	17.79%	14.68%	12.93%	10.84%	16.49%	16.47%	10.31%
Profit (Net Income) Margin	9.49%	9.84%	10.74%	12.67%	12.97%	9.65%	8.66%	4.90%	18.86%	11.22%	5.54%
Tax Burden Percent	73.97%	80.19%	74.43%	92.02%	86.80%	81.51%	89.14%	70.89%	130.53%	78.05%	73.63%
Interest Burden Percent	98.40%	98.42%	88.19%	81.24%	83.98%	80.61%	75.08%	63.77%	87.62%	87.25%	72.94%
Effective Tax Rate	37.41%	39.33%	37.23%	25.72%	23.80%	25.02%	25.39%	25.34%	29.06%	24.74%	29.50%
Return on Invested Capital (ROIC)	0.00%	32.37%	21.74%	25.18%	26.01%	19.65%	16.52%	14.98%	18.20%	15.86%	8.27%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-247.96%	23.14%	25.31%	24.96%	17.07%	14.47%	7.68%	33.22%	13.66%	5.41%
Return on Net Nonoperating Assets (RNNOA)	0.00%	8.32%	58.16%	-124.23%	-369.35%	291.23%	71.69%	32.79%	95.68%	29.49%	11.99%
Return on Equity (ROE)	0.00%	40.69%	79.91%	-99.05%	-343.34%	310.88%	88.20%	47.77%	113.88%	45.36%	20.26%
Cash Return on Invested Capital (CROIC)	0.00%	-167.63%	8.82%	11.29%	13.00%	15.85%	18.45%	6.77%	-47.62%	-3.35%	3.71%
Operating Return on Assets (OROA)	0.00%	17.30%	22.32%	22.15%	23.05%	14.45%	10.70%	10.65%	16.55%	15.34%	9.01%
Return on Assets (ROA)	0.00%	13.65%	14.65%	16.56%	16.80%	9.49%	7.16%	4.81%	18.93%	10.45%	4.84%
Return on Common Equity (ROCE)	0.00%	39.36%	70.70%	-111.08%	-410.61%	310.88%	88.20%	47.77%	113.88%	45.36%	20.26%
Return on Equity Simple (ROE_SIMPLE)	0.00%	21.03%	-52.56%	-129.54%	0.00%	152.46%	66.13%	55.73%	71.49%	40.58%	20.56%
Net Operating Profit after Tax (NOPAT)	239	226	325	431	509	418	354	332	626	802	469
NOPAT Margin	8.16%	7.57%	10.27%	12.59%	13.56%	11.01%	9.65%	8.10%	11.70%	12.40%	7.27%
Net Nonoperating Expense Percent (NNEP)	0.00%	280.33%	-1.39%	-0.13%	1.05%	2.57%	2.04%	7.29%	-15.02%	2.21%	2.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	7.99%
Cost of Revenue to Revenue	79.92%	77.89%	75.42%	74.31%	73.29%	76.39%	77.34%	79.70%	73.23%	72.68%	78.32%
SG&A Expenses to Revenue	7.04%	9.64%	8.22%	8.74%	8.92%	8.92%	9.73%	9.46%	10.28%	10.84%	9.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.04%	9.64%	8.22%	8.74%	8.92%	8.92%	9.73%	9.46%	10.28%	10.84%	11.37%
Earnings before Interest and Taxes (EBIT)	381	373	518	580	668	557	475	444	882	1,065	665
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	478	469	627	723	831	739	663	637	1,105	1,372	1,073
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	34.80	24.23	26.57	11.15	7.21	4.11
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	106.62	1,088.56	60.41	20.68	13.37
Price to Revenue (P/Rev)	0.00	0.00	1.93	2.60	2.28	2.20	3.17	2.34	2.94	1.99	1.11
Price to Earnings (P/E)	0.00	0.00	18.73	21.37	17.87	22.83	36.64	47.68	15.59	17.75	19.97
Dividend Yield	0.00%	0.00%	0.89%	1.24%	1.34%	1.50%	1.17%	1.45%	0.97%	1.43%	2.89%
Earnings Yield	0.00%	0.00%	5.34%	4.68%	5.60%	4.38%	2.73%	2.10%	6.41%	5.63%	5.01%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	5.25	6.05	5.10	4.75	6.25	5.00	4.13	3.00	1.93
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.64	3.23	2.83	2.71	3.62	2.81	3.53	2.57	1.74
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	13.33	15.31	12.81	13.91	20.05	18.11	17.09	12.12	10.44
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	16.13	19.09	15.92	18.46	27.98	25.93	21.41	15.61	16.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	25.70	25.69	20.89	24.62	37.51	34.73	30.18	20.75	23.88
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	18.71	23.01	15.63	17.91	24.04	27.53	24.80	20.84	12.89
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	63.34	57.30	41.81	30.51	33.56	76.83	0.00	0.00	53.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.10	-4.07	-8.54	-505.78	14.75	5.70	7.57	2.45	2.14	2.38
Long-Term Debt to Equity	0.00	0.07	-3.96	-8.37	-495.70	12.47	5.63	7.48	2.30	1.92	2.12
Financial Leverage	0.00	-0.03	2.51	-4.91	-14.80	17.06	4.95	4.27	2.88	2.16	2.22
Leverage Ratio	0.00	1.49	5.45	-5.98	-20.44	32.75	12.31	9.93	6.02	4.34	4.19
Compound Leverage Factor	0.00	1.47	4.81	-4.86	-17.16	26.40	9.24	6.33	5.27	3.79	3.05
Debt to Total Capital	0.00%	8.99%	132.62%	113.26%	100.20%	93.65%	85.07%	88.33%	71.04%	68.14%	70.39%
Short-Term Debt to Total Capital	0.00%	2.41%	3.28%	2.29%	2.00%	14.48%	0.99%	1.04%	4.39%	6.82%	7.64%
Long-Term Debt to Total Capital	0.00%	6.57%	129.35%	110.97%	98.20%	79.17%	84.07%	87.29%	66.65%	61.32%	62.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	2.98%	2.77%	2.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	88.03%	-35.40%	-15.90%	-0.20%	6.35%	14.93%	11.67%	28.96%	31.86%	29.61%
Debt to EBITDA	0.00	0.30	3.87	3.30	2.80	4.79	4.13	4.29	3.13	2.79	3.85
Net Debt to EBITDA	0.00	-0.10	3.49	2.92	2.52	2.61	2.48	3.06	2.86	2.73	3.79
Long-Term Debt to EBITDA	0.00	0.22	3.77	3.23	2.74	4.05	4.08	4.24	2.94	2.51	3.43
Debt to NOPAT	0.00	0.63	7.45	5.53	4.57	8.48	7.73	8.22	5.53	4.77	8.81
Net Debt to NOPAT	0.00	-0.21	6.73	4.90	4.10	4.61	4.64	5.86	5.05	4.68	8.66
Long-Term Debt to NOPAT	0.00	0.46	7.27	5.42	4.48	7.17	7.64	8.12	5.19	4.29	7.85
Altman Z-Score	0.00	0.00	3.37	4.10	4.17	2.99	3.86	3.59	3.72	3.33	2.56
Noncontrolling Interest Sharing Ratio	0.00%	3.27%	11.52%	-12.14%	-19.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.90	1.55	1.79	1.74	2.25	2.88	2.37	1.56	1.29	1.38
Quick Ratio	0.00	0.54	0.44	0.54	0.64	1.66	1.86	1.39	0.76	0.50	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,173	132	193	255	337	396	150	-1,637	-169	210
Operating Cash Flow to CapEx	367.29%	264.93%	155.50%	156.84%	202.11%	275.43%	338.46%	136.62%	103.49%	80.48%	129.25%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.39	1.36	1.31	1.30	0.98	0.83	0.98	1.00	0.93	0.87
Accounts Receivable Turnover	0.00	16.05	17.05	16.66	13.27	11.12	10.36	10.07	9.13	8.81	8.46
Inventory Turnover	0.00	4.67	4.67	4.73	5.25	5.88	5.68	6.01	5.20	4.54	4.65
Fixed Asset Turnover	0.00	2.87	2.74	2.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	9.80	8.97	9.26	10.13	10.86	9.41	8.58	7.54	6.39	6.97
Days Sales Outstanding (DSO)	0.00	22.74	21.41	21.91	27.50	32.83	35.25	36.25	39.96	41.42	43.15
Days Inventory Outstanding (DIO)	0.00	78.09	78.21	77.09	69.47	62.05	64.30	60.77	70.16	80.39	78.52
Days Payable Outstanding (DPO)	0.00	37.25	40.71	39.41	36.04	33.61	38.81	42.56	48.40	57.08	52.38
Cash Conversion Cycle (CCC)	0.00	63.57	58.91	59.59	60.94	61.26	60.74	54.46	61.72	64.72	69.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,399	1,593	1,830	2,085	2,166	2,124	2,306	4,569	5,540	5,798
Invested Capital Turnover	0.00	4.28	2.12	2.00	1.92	1.78	1.71	1.85	1.56	1.28	1.14
Increase / (Decrease) in Invested Capital	0.00	1,399	193	238	255	81	-42	182	2,263	971	259
Enterprise Value (EV)	0.00	0.00	8,361	11,072	10,642	10,279	13,287	11,525	18,887	16,633	11,196
Market Capitalization	0.00	0.00	6,121	8,907	8,552	8,353	11,643	9,579	15,730	12,881	7,135
Book Value per Share	$0.00	$0.00	($4.43)	($2.29)	($0.03)	$1.64	$3.29	$2.50	$9.69	$12.38	$12.31
Tangible Book Value per Share	$0.00	$0.00	($5.60)	($3.46)	($1.70)	($0.70)	$0.75	$0.06	$1.79	$4.31	$3.78
Total Capital	0.00	1,591	1,828	2,106	2,322	3,780	3,218	3,089	4,874	5,611	5,869
Total Debt	0.00	143	2,425	2,385	2,327	3,540	2,737	2,728	3,462	3,823	4,131
Total Long-Term Debt	0.00	105	2,365	2,337	2,280	2,993	2,705	2,696	3,248	3,441	3,683
Net Debt	0.00	-49	2,189	2,110	2,090	1,926	1,644	1,946	3,157	3,752	4,061
Capital Expenditures (CapEx)	96	144	287	307	337	208	163	306	736	992	672
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	372	306	404	443	461	412	468	676	777	935
Debt-free Net Working Capital (DFNWC)	0.00	409	363	460	455	1,825	1,196	993	981	849	1,005
Net Working Capital (NWC)	0.00	370	303	412	409	1,278	1,164	961	767	466	557
Net Nonoperating Expense (NNE)	-39	-68	-15	-2.78	22	52	36	131	-383	76	112
Net Nonoperating Obligations (NNO)	0.00	-49	2,189	2,110	2,090	1,926	1,644	1,946	3,157	3,752	4,061
Total Depreciation and Amortization (D&A)	96	96	109	143	162	182	188	192	223	307	408
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	12.44%	9.65%	11.81%	11.79%	12.16%	11.22%	11.41%	12.63%	12.02%	14.49%
Debt-free Net Working Capital to Revenue	0.00%	13.65%	11.45%	13.44%	12.12%	48.13%	32.57%	24.22%	18.33%	13.12%	15.58%
Net Working Capital to Revenue	0.00%	12.37%	9.56%	12.03%	10.88%	33.69%	31.70%	23.43%	14.33%	7.20%	8.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.19	$2.50	$2.17	$1.38	$6.98	$5.01	$2.51
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	146.07M	146.06M	146.19M	145.50M	144.50M	144.90M	142.20M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.18	$2.49	$2.16	$1.38	$6.95	$4.98	$2.50
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	146.07M	146.06M	146.19M	145.90M	145.20M	145.60M	142.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.19	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	146.07M	146.06M	146.19M	143.75M	145.67M	143.67M	139.30M
Normalized Net Operating Profit after Tax (NOPAT)	239	226	325	431	509	418	354	332	626	802	539
Normalized NOPAT Margin	8.16%	7.57%	10.27%	12.59%	13.56%	11.01%	9.65%	8.10%	11.70%	12.40%	8.36%
Pre Tax Income Margin	12.83%	12.27%	14.43%	13.77%	14.94%	11.84%	9.71%	6.91%	14.45%	14.37%	7.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.07%	2.82%	253.70%	28.78%	40.56%	33.15%	42.57%	68.89%	14.48%	23.98%	57.92%
Augmented Payout Ratio	4.07%	2.82%	253.76%	29.40%	48.03%	41.05%	53.93%	147.74%	19.60%	55.04%	140.34%

This table displays calculated financial ratios and metrics derived from Lamb Weston's official financial filings.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	8/27/2023	11/26/2023	2/25/2024	5/26/2024	8/25/2024	11/24/2024	2/23/2025	5/25/2025	8/24/2025	11/23/2025	2/22/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	138,879,884.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	138,879,884.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.39
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.95%	35.69%	16.33%	-4.90%	-0.67%	-7.57%	4.27%	3.96%	0.31%	1.07%	2.91%
EBITDA Growth	90.23%	16.11%	-4.53%	16.69%	-23.08%	-63.05%	15.73%	-6.42%	-16.79%	69.35%	-28.54%
EBIT Growth	105.92%	12.44%	-15.92%	13.64%	-34.40%	-93.95%	11.08%	-12.56%	-26.21%	652.43%	-49.10%
NOPAT Growth	258.32%	0.47%	-21.42%	50.28%	-40.04%	-94.43%	2.94%	5.28%	-38.97%	567.14%	-55.21%
Net Income Growth	1.25%	108.54%	-16.56%	-74.02%	-45.74%	-116.79%	-0.07%	-7.48%	-49.53%	272.02%	-63.01%
EPS Growth	0.00%	108.45%	-16.53%	-74.05%	-45.00%	-116.89%	1.98%	-5.62%	-47.73%	276.00%	-62.14%
Operating Cash Flow Growth	74.18%	25.76%	-44.16%	-25.76%	-1.32%	-17.83%	112.93%	20.93%	6.60%	80.02%	16.43%
Free Cash Flow Firm Growth	-739.55%	-920.59%	-467.95%	62.03%	61.99%	81.37%	96.40%	87.72%	121.78%	130.84%	251.16%
Invested Capital Growth	99.87%	97.22%	84.01%	21.26%	20.12%	8.60%	4.73%	4.67%	-1.52%	-0.84%	-0.84%
Revenue Q/Q Growth	-1.75%	4.01%	-15.81%	10.53%	2.62%	-3.22%	-5.02%	10.21%	-0.98%	-2.48%	-3.29%
EBITDA Q/Q Growth	53.37%	-4.37%	-19.40%	-1.29%	1.10%	-54.06%	152.45%	-20.18%	-10.10%	-6.51%	-3.61%
EBIT Q/Q Growth	72.89%	-5.47%	-26.73%	-5.09%	-0.19%	-91.28%	1,244.32%	-25.29%	-15.77%	-11.05%	-9.05%
NOPAT Q/Q Growth	146.84%	-5.54%	-25.73%	-13.22%	-1.51%	-91.22%	1,272.17%	-11.24%	-42.91%	-4.05%	-7.88%
Net Income Q/Q Growth	-52.93%	-8.43%	-32.05%	-11.29%	-1.70%	-128.34%	504.43%	-17.88%	-46.37%	-3.42%	-13.04%
EPS Q/Q Growth	-53.35%	-7.50%	-31.76%	-11.88%	-1.12%	-128.41%	512.00%	-18.45%	-45.24%	-4.35%	-11.36%
Operating Cash Flow Q/Q Growth	-21.57%	-63.96%	-78.19%	1,104.18%	4.26%	-69.99%	-43.49%	583.93%	-8.09%	-49.32%	-63.45%
Free Cash Flow Firm Q/Q Growth	0.85%	-8.49%	-1.46%	65.21%	0.75%	46.83%	80.39%	-18.68%	275.99%	-24.70%	-3.89%
Invested Capital Q/Q Growth	4.71%	8.51%	6.88%	-0.16%	3.74%	-1.90%	3.08%	-0.22%	-2.40%	-1.22%	3.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.99%	27.46%	27.68%	24.06%	21.52%	17.35%	27.79%	20.43%	20.64%	20.04%	21.19%
EBITDA Margin	23.62%	21.72%	20.79%	18.57%	18.29%	8.68%	23.08%	16.71%	15.18%	14.55%	14.50%
Operating Margin	19.41%	17.64%	15.35%	13.18%	12.82%	1.16%	16.36%	11.09%	9.43%	8.60%	8.09%
EBIT Margin	19.41%	17.64%	15.35%	13.18%	12.82%	1.16%	16.36%	11.09%	9.43%	8.60%	8.09%
Profit (Net Income) Margin	14.10%	12.41%	10.02%	8.04%	7.70%	-2.26%	9.60%	7.15%	3.88%	3.84%	3.45%
Tax Burden Percent	80.25%	77.76%	77.63%	75.26%	76.33%	145.56%	72.49%	84.68%	57.00%	65.44%	66.18%
Interest Burden Percent	90.50%	90.48%	84.06%	81.04%	78.69%	-134.05%	80.98%	76.21%	72.08%	68.18%	64.46%
Effective Tax Rate	23.89%	23.94%	22.90%	29.50%	30.44%	0.00%	28.55%	15.11%	42.46%	37.93%	37.13%
Return on Invested Capital (ROIC)	24.25%	21.77%	18.11%	11.89%	10.94%	0.95%	13.14%	10.71%	6.14%	6.16%	5.73%
ROIC Less NNEP Spread (ROIC-NNEP)	23.82%	21.15%	17.24%	11.31%	10.38%	-0.36%	12.35%	9.74%	5.48%	5.54%	5.10%
Return on Net Nonoperating Assets (RNNOA)	61.10%	52.68%	42.46%	24.42%	22.34%	-0.82%	29.00%	21.59%	11.76%	12.82%	11.95%
Return on Equity (ROE)	85.35%	74.45%	60.57%	36.32%	33.28%	0.13%	42.15%	32.30%	17.90%	18.97%	17.68%
Cash Return on Invested Capital (CROIC)	-44.30%	-44.94%	-41.57%	-3.35%	-4.92%	0.20%	3.48%	3.71%	8.75%	10.00%	8.05%
Operating Return on Assets (OROA)	20.89%	19.28%	16.31%	12.28%	11.78%	1.01%	14.24%	9.69%	8.26%	7.53%	7.12%
Return on Assets (ROA)	15.17%	13.56%	10.64%	7.49%	7.08%	-1.97%	8.36%	6.25%	3.39%	3.36%	3.04%
Return on Common Equity (ROCE)	85.35%	74.45%	60.57%	36.32%	33.28%	0.13%	42.15%	32.30%	17.90%	18.97%	17.68%
Return on Equity Simple (ROE_SIMPLE)	67.32%	67.38%	62.26%	0.00%	33.65%	22.48%	22.46%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	246	232	173	150	148	13	178	158	90	86	80
NOPAT Margin	14.78%	13.42%	11.84%	9.29%	8.92%	0.81%	11.69%	9.41%	5.43%	5.34%	5.09%
Net Nonoperating Expense Percent (NNEP)	0.44%	0.62%	0.87%	0.59%	0.56%	1.30%	0.80%	0.97%	0.66%	0.62%	0.63%
Return On Investment Capital (ROIC_SIMPLE)	-	4.41%	-	-	-	0.23%	3.02%	2.69%	1.56%	1.52%	1.37%
Cost of Revenue to Revenue	70.01%	72.54%	72.32%	75.94%	78.48%	82.65%	72.21%	79.57%	79.36%	79.96%	78.81%
SG&A Expenses to Revenue	10.58%	9.81%	12.33%	10.88%	8.70%	11.54%	10.80%	8.40%	9.26%	10.57%	10.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.58%	9.81%	12.33%	10.88%	8.70%	16.20%	11.43%	9.34%	11.20%	11.44%	13.10%
Earnings before Interest and Taxes (EBIT)	323	306	224	213	212	19	249	186	157	139	127
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	393	376	303	299	303	139	351	280	252	235	227
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.18	8.46	8.43	7.21	4.90	6.72	4.87	4.11	4.44	4.58	3.67
Price to Tangible Book Value (P/TBV)	39.14	28.60	24.90	20.68	14.05	21.78	15.69	13.37	14.14	14.78	11.51
Price to Revenue (P/Rev)	2.34	2.22	2.26	1.99	1.40	1.73	1.25	1.11	1.23	1.24	1.03
Price to Earnings (P/E)	13.64	12.56	13.54	17.75	14.57	29.89	21.69	19.97	26.99	20.49	22.32
Dividend Yield	1.15%	1.15%	1.17%	1.43%	2.17%	1.87%	2.60%	2.89%	2.58%	2.57%	3.09%
Earnings Yield	7.33%	7.96%	7.39%	5.63%	6.86%	3.35%	4.61%	5.01%	3.70%	4.88%	4.48%
Enterprise Value to Invested Capital (EV/IC)	3.57	3.40	3.35	3.00	2.25	2.66	2.09	1.93	2.09	2.12	1.85
Enterprise Value to Revenue (EV/Rev)	2.90	2.78	2.84	2.57	2.00	2.37	1.90	1.74	1.83	1.83	1.63
Enterprise Value to EBITDA (EV/EBITDA)	13.22	13.13	14.00	12.12	10.08	14.34	11.12	10.44	11.56	10.62	10.35
Enterprise Value to EBIT (EV/EBIT)	16.29	16.30	17.90	15.61	13.54	22.45	17.54	16.83	19.37	16.26	17.50
Enterprise Value to NOPAT (EV/NOPAT)	21.33	22.01	24.71	20.75	18.35	32.75	26.36	23.88	28.71	23.09	25.53
Enterprise Value to Operating Cash Flow (EV/OCF)	18.89	18.99	20.50	20.84	16.27	19.39	15.13	12.89	13.27	12.25	10.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	1,393.67	61.39	53.24	23.68	21.14	22.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.29	2.16	2.19	2.14	2.19	2.50	2.60	2.38	2.22	2.23	2.19
Long-Term Debt to Equity	2.16	1.95	1.81	1.92	1.87	2.26	2.25	2.12	2.05	2.08	1.99
Financial Leverage	2.57	2.49	2.46	2.16	2.15	2.28	2.35	2.22	2.15	2.31	2.34
Leverage Ratio	5.44	5.18	4.99	4.34	4.21	4.39	4.32	4.19	4.07	4.36	4.28
Compound Leverage Factor	4.92	4.69	4.19	3.52	3.31	-5.89	3.50	3.19	2.93	2.98	2.76
Debt to Total Capital	69.62%	68.35%	68.66%	68.14%	68.70%	71.44%	72.21%	70.39%	68.92%	69.07%	68.61%
Short-Term Debt to Total Capital	3.96%	6.63%	12.07%	6.82%	10.12%	6.83%	9.60%	7.64%	5.16%	4.75%	6.01%
Long-Term Debt to Total Capital	65.66%	61.72%	56.59%	61.32%	58.58%	64.61%	62.61%	62.75%	63.75%	64.32%	62.59%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	30.38%	31.65%	31.34%	31.86%	31.30%	28.56%	27.79%	29.61%	31.08%	30.93%	31.39%
Debt to EBITDA	2.67	2.68	2.90	2.79	3.15	3.91	3.89	3.85	3.88	3.50	3.89
Net Debt to EBITDA	2.54	2.62	2.85	2.73	3.05	3.84	3.83	3.79	3.79	3.43	3.83
Long-Term Debt to EBITDA	2.52	2.42	2.39	2.51	2.68	3.54	3.37	3.43	3.59	3.26	3.55
Debt to NOPAT	4.30	4.50	5.11	4.77	5.73	8.93	9.22	8.81	9.65	7.62	9.58
Net Debt to NOPAT	4.10	4.40	5.03	4.68	5.56	8.76	9.07	8.66	9.41	7.46	9.44
Long-Term Debt to NOPAT	4.06	4.06	4.22	4.29	4.88	8.08	7.99	7.85	8.93	7.09	8.74
Altman Z-Score	3.31	3.20	3.19	2.95	2.48	2.58	2.41	2.34	2.49	2.46	2.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.44	1.29	1.19	1.29	1.19	1.35	1.35	1.38	1.49	1.43	1.46
Quick Ratio	0.69	0.52	0.44	0.50	0.49	0.48	0.48	0.58	0.69	0.59	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,144	-2,327	-2,360	-821	-815	-433	-85	-101	178	134	128
Operating Cash Flow to CapEx	109.81%	46.07%	10.05%	193.70%	93.75%	64.31%	72.45%	434.24%	444.44%	233.20%	64.75%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.08	1.09	1.06	0.93	0.92	0.87	0.87	0.87	0.88	0.88	0.88
Accounts Receivable Turnover	10.02	9.95	10.59	8.81	8.93	8.66	8.79	8.46	8.65	9.01	8.89
Inventory Turnover	5.61	4.65	4.68	4.54	4.81	3.95	4.02	4.65	4.97	4.12	4.42
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	7.42	6.49	8.43	6.39	7.07	5.83	7.33	6.97	8.22	6.48	8.19
Days Sales Outstanding (DSO)	36.41	36.67	34.45	41.42	40.89	42.16	41.51	43.15	42.22	40.52	41.08
Days Inventory Outstanding (DIO)	65.05	78.49	77.97	80.39	75.84	92.40	90.80	78.52	73.50	88.50	82.59
Days Payable Outstanding (DPO)	49.21	56.22	43.31	57.08	51.63	62.59	49.79	52.38	44.39	56.29	44.57
Cash Conversion Cycle (CCC)	52.25	58.94	69.12	64.72	65.11	71.97	82.51	69.29	71.33	72.72	79.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,784	5,191	5,549	5,540	5,747	5,638	5,811	5,798	5,659	5,590	5,762
Invested Capital Turnover	1.64	1.62	1.53	1.28	1.23	1.17	1.12	1.14	1.13	1.15	1.13
Increase / (Decrease) in Invested Capital	2,391	2,559	2,533	971	963	446	263	259	-88	-47	-49
Enterprise Value (EV)	17,078	17,636	18,613	16,633	12,917	14,973	12,137	11,196	11,808	11,874	10,639
Market Capitalization	13,797	14,113	14,823	12,881	9,007	10,969	7,959	7,135	7,939	8,038	6,704
Book Value per Share	$10.32	$11.51	$12.18	$12.38	$12.78	$11.45	$11.45	$12.31	$12.85	$12.59	$13.16
Tangible Book Value per Share	$2.42	$3.41	$4.12	$4.31	$4.46	$3.53	$3.56	$3.78	$4.03	$3.90	$4.19
Total Capital	4,947	5,270	5,611	5,611	5,868	5,717	5,879	5,869	5,758	5,673	5,820
Total Debt	3,444	3,602	3,853	3,823	4,031	4,084	4,245	4,131	3,968	3,919	3,993
Total Long-Term Debt	3,249	3,253	3,175	3,441	3,437	3,694	3,681	3,683	3,671	3,649	3,643
Net Debt	3,281	3,524	3,790	3,752	3,910	4,005	4,178	4,061	3,870	3,836	3,935
Capital Expenditures (CapEx)	305	262	262	164	352	154	77	88	79	77	101
Debt-free, Cash-free Net Working Capital (DFCFNWC)	594	734	958	777	806	875	1,071	935	814	795	943
Debt-free Net Working Capital (DFNWC)	757	812	1,021	849	927	954	1,139	1,005	913	878	1,000
Net Working Capital (NWC)	561	463	343	466	333	564	574	557	615	608	650
Net Nonoperating Expense (NNE)	11	17	27	20	20	49	32	38	26	24	26
Net Nonoperating Obligations (NNO)	3,281	3,524	3,790	3,752	3,910	4,005	4,178	4,061	3,870	3,836	3,935
Total Depreciation and Amortization (D&A)	70	71	79	87	91	121	102	94	95	96	100
Debt-free, Cash-free Net Working Capital to Revenue	10.08%	11.57%	14.63%	12.02%	12.49%	13.84%	16.77%	14.49%	12.61%	12.28%	14.46%
Debt-free Net Working Capital to Revenue	12.85%	12.80%	15.58%	13.12%	14.36%	15.08%	17.83%	15.58%	14.13%	13.56%	15.35%
Net Working Capital to Revenue	9.52%	7.30%	5.24%	7.20%	5.16%	8.92%	8.99%	8.63%	9.53%	9.39%	9.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.61	$1.48	$1.01	$0.91	$0.89	($0.25)	$1.03	$0.84	$0.46	$0.45	$0.39
Adjusted Weighted Average Basic Shares Outstanding	145.70M	144.90M	144.50M	144.90M	143.60M	142.80M	141.90M	142.20M	139.50M	139.40M	139M
Adjusted Diluted Earnings per Share	$1.60	$1.48	$1.01	$0.89	$0.88	($0.25)	$1.03	$0.84	$0.46	$0.44	$0.39
Adjusted Weighted Average Diluted Shares Outstanding	146.60M	145.50M	145.30M	145.60M	144.20M	143.20M	142.40M	142.70M	139.80M	139.60M	139.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	144.93M	144.37M	144.39M	143.67M	142.60M	142.64M	141.12M	139.30M	139.35M	138.88M	138.07M
Normalized Net Operating Profit after Tax (NOPAT)	246	232	173	150	148	65	185	158	109	95	110
Normalized NOPAT Margin	14.78%	13.42%	11.84%	9.29%	8.92%	4.07%	12.14%	9.41%	6.55%	5.88%	7.02%
Pre Tax Income Margin	17.57%	15.96%	12.91%	10.68%	10.09%	-1.55%	13.25%	8.45%	6.80%	5.86%	5.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.98%	13.98%	14.83%	23.98%	29.91%	53.32%	56.34%	57.92%	70.35%	52.74%	68.90%
Augmented Payout Ratio	27.90%	30.09%	30.31%	55.04%	62.92%	95.23%	125.57%	140.34%	145.46%	119.19%	122.11%

Financials Breakdown Chart

Key Financial Trends

Here are the biggest, data-driven takeaways from Lamb Weston’s (LW) quarterly statements over the last four years. The bullets focus on trends in revenue, profitability, cash flow, and balance-sheet factors that may matter to retail investors.

Operating revenue has stayed in the roughly 1.6 to 1.68 billion range in the most recent quarters, with Q4 2025 at 1,675,800,000 and Q2 2026 at 1,618,100,000, indicating solid demand and scale.
Gross margin has remained around 20% over the period (example: Q2 2026 Total Gross Profit 324,300,000 on 1,618,100,000 revenue ≈ 20.0%; Q4 2025 Gross Profit 342,300,000 on 1,675,800,000 ≈ 20.4%).
Net income attributable to common shareholders has been positive in the recent quarters, including Q3 2025 at 146,000,000 and Q4 2025 at 119,900,000, with Q1 2026 and Q2 2026 also posting positive results (64,300,000 and 62,100,000 respectively).
Cash flow from operating activities has been robust in the latest periods (for example, Q4 2025 net cash from operating activities: 383,000,000; Q1 2026: 352,000,000; Q2 2026: 178,400,000), supporting liquidity and the ability to fund investments and dividends.
Debt financing is used to support growth, as shown by issuance of debt in several quarters (e.g., Q4 2025: 451,600,000; Q2 2026: 69,800,000), which provides liquidity for investments and shareholder returns.
Investing cash flows are consistently negative due to capital expenditures and acquisitions (PPE purchases and related investments around 60–90 million per quarter; examples: Q2 2026 PPE -76,500,000; Q4 2025 PPE -88,000,000; Q3 2025 PPE -74,100,000), reflecting ongoing capacity and asset investments.
Working capital swings are common, with notable quarterly variations in net changes in operating assets and liabilities (examples include Q4 2025 net change +99,100,000; Q1 2026 net change -199,300,000), which can swing cash flow timing without indicating earnings deterioration.
Shareholder cash outflows are meaningful in several quarters due to buybacks and dividends (Repurchase of Common Equity around 40–101 million in recent quarters; dividends per share shown at about 0.36–0.37), reducing cash on hand over time.
Financing activities occasionally show sizable outflows from debt repayments and equity repurchases, contributing to negative net cash from financing in multiple periods (examples: Q3 2025 net financing outflow near -610,000,000; Q4 2025 around -294,400,000).
Long-term debt remains a substantial component of liabilities, with figures typically in the 3.3–3.7 billion range across recent periods, indicating a meaningful interest burden and leverage profile to monitor.

05/20/26 07:50 PM ETAI Generated. May Contain Errors.

Lamb Weston Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lamb Weston's fiscal year ends in May. Their fiscal year 2025 ended on May 25, 2025.

Lamb Weston's net income appears to be on an upward trend, with a most recent value of $357.20 million in 2025, rising from $277.60 million in 2015. The previous period was $725.50 million in 2024. View Lamb Weston's forecast to see where analysts expect Lamb Weston to go next.

Lamb Weston's total operating income in 2025 was $665.10 million, based on the following breakdown:

Total Gross Profit: $1.40 billion
Total Operating Expenses: $733.50 million

Over the last 10 years, Lamb Weston's total revenue changed from $2.93 billion in 2015 to $6.45 billion in 2025, a change of 120.6%.

Lamb Weston's total liabilities were at $5.65 billion at the end of 2025, a 1.4% increase from 2024, and a 696.1% increase since 2016.

In the past 9 years, Lamb Weston's cash and equivalents has ranged from $12.20 million in 2019 to $1.36 billion in 2020, and is currently $70.70 million as of their latest financial filing in 2025.

Over the last 10 years, Lamb Weston's book value per share changed from 0.00 in 2015 to 12.31 in 2025, a change of 1,231.4%.

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Financial statements for NYSE:LW last updated on 4/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lamb Weston (LW) Financials

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Lamb Weston (LW) Financials

Annual Income Statements for Lamb Weston

Quarterly Income Statements for Lamb Weston

Annual Cash Flow Statements for Lamb Weston

Quarterly Cash Flow Statements for Lamb Weston

Annual Balance Sheets for Lamb Weston

Quarterly Balance Sheets for Lamb Weston

Annual Metrics And Ratios for Lamb Weston

Quarterly Metrics And Ratios for Lamb Weston

Financials Breakdown Chart

Key Financial Trends

Lamb Weston Financials - Frequently Asked Questions

When does Lamb Weston's financial year end?

How has Lamb Weston's net income changed over the last 10 years?

What is Lamb Weston's operating income?

How has Lamb Weston's revenue changed over the last 10 years?

How much debt does Lamb Weston have?

How much cash does Lamb Weston have?

How has Lamb Weston's book value per share changed over the last 10 years?

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