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Lamb Weston

LW

Lamb Weston Holdings, Inc. is a leading global producer and distributor of value-added frozen potato products, primarily focused on French fries.

Market cap
$7.31B+2.0%
Revenue$6.6B+2.5%
Net income$290.0M-18.8%
Free cash flow$576.5M+151%
EPS (diluted)$2.08-16.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 30, 2026 (in 2 months)
Revenue estimate$1.7B
EPS estimate$0.59

Financials

Q4 2026

Income statement

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Revenue$1.8B+5.6%
Gross profit$361.4M+5.6%
Operating income$168.8M-9.1%
Net income$109.6M-8.6%
EPS (diluted)$0.79-6.0%

Balance sheet

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Cash & equivalents$68.2M-3.5%
Total debt$4.0B-7.0%
Total equity$1.8B+5.0%
Total assets$7.4B-0.2%

Cash flow

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Operating cash flow$347.3M-9.3%
CapEx$146.2M+66.5%
Free cash flow$201.1M-31.9%

Valuation & ratios

Valuation

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Market cap$7.31B+2.0%
Enterprise value$11.21B-3.4%
P/E25.2×+4.5×
P/S1.1×0.0×

Profitability

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Gross margin20.6%-1.1pp
Operating margin8.9%-1.4pp
Net margin4.4%-1.2pp
FCF margin8.7%+5.2pp

Returns & leverage

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Return on equity16.3%-4.0pp
Debt / equity2.2×-0.3×
Current ratio1.4×0.0×

Segments

By segment

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North America$1.2B+9.3%
International$564.0M-1.5%

By geography

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United States$1.1B

Competitors

Profile

Lamb Weston Holdings, Inc. is a leading global producer and distributor of value-added frozen potato products, primarily focused on French fries. The company leverages a vast manufacturing network and strategic grower relationships to supply a diverse customer base across more than 100 countries. Its core value proposition centers on product innovation, large-scale supply chain reliability, and deep partnerships with global restaurant chains and retailers.

Competitive position

The company is the number one supplier of value-added frozen potato products in North America and maintains a leading international position through significant scale and proprietary processing technology.

GeographiesNorth America, Europe, Asia, Oceania, South America
Customer segmentsQuick Service Restaurants, Foodservice Distributors, Retail Grocery, Mass Merchants
Business modelManufacturing, B2B Distribution, Licensing
SuppliersPotato growers, Edible oil suppliers, Packaging material providers, Energy utility providers, Grain and starch suppliers
CustomersMcDonald's Corporation, Global restaurant chains, Wholesale distributors, Grocery retailers, Educational institutions
Listed2016
Employees10.7K
CEOMichael Jared Smith
FilingsSEC EDGAR

FAQ

What is Lamb Weston's market cap?
Lamb Weston (LW) has a market capitalization of $7.3B and trades on NYSE.
What is Lamb Weston's revenue and profitability?
Lamb Weston generated $6.6B in trailing twelve-month revenue with net income of $290.0M, representing a net margin of 4.4%. Gross margin stands at 20.6%, with free cash flow of $576.5M. These figures are based on the Q2 2026 filing.
Who are Lamb Weston's competitors?
Lamb Weston's key competitors include The Kraft Heinz Company, The Campbell's Company Common Stock, Utz Brands, Inc., and others. These companies compete in similar markets and product categories.
Who does Lamb Weston partner with?
Lamb Weston's notable partners include McDonald's Corporation, RDO Frozen Co..
What subsidiaries does Lamb Weston have?
Lamb Weston's subsidiaries include LW EMEA.
Where is Lamb Weston headquartered?
Lamb Weston is headquartered in United States of America and employs approximately 10,700 people. It has been publicly traded since 2016.