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Lamb Weston LW Operating Income

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Other financials

Income statement

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Revenue$1.8B+5.6%
Gross profit$361.4M+5.6%
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

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Market cap$7.33B+2.2%
Enterprise value$11.23B-1.2%
P/E25.3×+5.2×
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×

Where this comes from

Reported directly by Lamb Weston in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Lamb Weston’s 10-K, filed July 24, 2026.

Filed
Jul 24, 2026, 12:52 PM EDT
Fiscal year
FY2026
Accession
0001679273-26-000026
Line itemFor the Fiscal Years Ended May / 2026For the Fiscal Years Ended May / 2025For the Fiscal Years Ended May / 2024
Gross profit1,359.71,398.61,766.7
Selling, general and administrative expenses664.6633.5701.4
Cost Savings Program and Restructuring expenses, net104.0100.0
Income from operations591.1665.11,065.3
Interest expense, net180.5180.0135.8
Income before income taxes and equity method earnings410.6485.1929.5
Income tax expense128.1143.1230.0
Equity method investment earnings7.515.226.0

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Lamb Weston's operating income?
Lamb Weston (LW) reported operating income of $168.8M in Q1 2026.
How has Lamb Weston's operating income changed year-over-year?
Lamb Weston's operating income decreased by 9.1% year-over-year, from $185.8M to $168.8M.
What is the long-term trend for Lamb Weston's operating income?
Over 4 years (2022 to 2026), Lamb Weston's operating income has grown at a 7.4% compound annual growth rate (CAGR), from $444.4M to $591.1M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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