LW
$41.69-3.65%
as of close, Sep 30, 2026
☾ AH $41.69 -3.65%
LW financial statements
The full income statement, balance sheet, and cash-flow statement for Lamb Weston (LW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-05 143.7M2024-08 142.6M2024-11 142.6M2025-02 141.1M2025-05 139.3M2025-08 139.4M2025-11 138.9M2026-02 138.1M2026-05 137.5M-4.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMay 31 ’26 | as ofMay 25 ’25 | as ofMay 26 ’24 | as ofMay 28 ’23 | as ofMay 29 ’22 | |
| Revenue | 6.61B+2.5% | 6.45B-0.3% | 6.47B+20.9% | 5.35B+30.5% | 4.10B+11.7% | |
| 1.36B-2.8% | 1.40B-20.8% | 1.77B+23.4% | 1.43B+72.1% | 832M+0.0% | ||
| Cost of revenue | 5.25B+4.0% | 5.05B+7.5% | 4.70B+20.0% | 3.92B+19.9% | 3.27B+15.1% | |
| Research & development | 18.9M-14.1% | 22.0M-16.7% | 26.4M+53.5% | 17.2M+6.2% | 16.2M+25.6% | |
| Selling, general & administrative | 665M+4.9% | 634M-9.7% | 701M+27.5% | 550M+41.9% | 388M+8.5% | |
| Restructuring | 104M+4.0% | 100M | 0.00 | 0.00 | — | |
| Amortization of intangibles | — | — | — | 7.00M+20.7% | 5.80M+16.0% | |
| Operating income | 591M-11.1% | 665M-37.6% | 1.07B+20.8% | 882M+98.5% | 444M-6.4% | |
| Equity-method income | 7.50M-50.7% | 15.2M-41.5% | 26.0M-94.4% | 461M+4404.7% | -10.7M-120.7% | |
| Pre-tax income | 418M-16.4% | 500M-47.6% | 956M-22.5% | 1.23B+352.3% | 273M-33.2% | |
| Income tax | 128M-10.5% | 143M-37.8% | 230M+2.4% | 225M+212.8% | 71.8M-20.7% | |
| 290M-18.8% | 357M-50.8% | 726M-28.1% | 1.01B+402.2% | 201M-36.8% | ||
| Net income to common | — | — | — | 1.01B+402.2% | 201M-36.8% | |
| $2.08-16.8% | $2.50-49.8% | $4.98-28.3% | $6.95+403.6% | $1.38-36.1% | ||
| EPS (basic) | $2.09-16.7% | $2.51-49.9% | $5.01-28.2% | $6.98+405.8% | $1.38-36.4% | |
| Weighted-avg shares (basic) | 139M-2.3% | 142M-1.9% | 145M+0.3% | 145M-0.7% | 146M-0.6% | |
| Weighted-avg shares (diluted) | 139M-2.5% | 143M-2.0% | 146M+0.3% | 145M-0.5% | 146M-0.8% | |
| Dividends per share | $1.50+2.7% | $1.46+14.1% | $1.28+21.9% | $1.05+9.4% | $0.96+3.2% | |
| Balance Sheet | as ofMay 31 ’26 | as ofMay 25 ’25 | as ofMay 26 ’24 | as ofMay 28 ’23 | as ofMay 29 ’22 | |
| 2.01B-0.9% | 2.03B-2.7% | 2.09B-1.7% | 2.13B+28.2% | 1.66B-6.9% | ||
| Cash & equivalents | 68.2M-3.5% | 70.7M-1.0% | 71.4M-76.6% | 305M-41.9% | 525M-33.0% | |
| Accounts receivable | 779M-0.3% | 782M+5.1% | 744M+2.7% | 724M+61.9% | 447M+21.9% | |
| Inventory | 969M-6.5% | 1.04B-9.1% | 1.14B+22.2% | 932M+62.3% | 574M+11.9% | |
| Prepaid expenses | 199M+37.0% | 145M+6.3% | 136M-17.9% | 166M+47.2% | 113M-4.2% | |
| 7.38B-0.2% | 7.39B+0.3% | 7.37B+13.0% | 6.52B+57.5% | 4.14B-1.7% | ||
| Operating lease right-of-use | 112M-1.4% | 113M-14.9% | 133M-9.0% | 146M+22.8% | 119M-16.0% | |
| Goodwill | 1.13B+3.7% | 1.09B+2.9% | 1.06B+1.8% | 1.04B+227.3% | 318M-4.9% | |
| Intangible assets | 108M-5.0% | 114M+8.7% | 105M-4.8% | 110M+227.0% | 33.7M-8.7% | |
| Other non-current assets | 326M-8.2% | 355M-10.5% | 396M+37.8% | 288M+66.3% | 173M+115.0% | |
| 1.42B-4.1% | 1.48B-9.1% | 1.62B+19.4% | 1.36B+94.6% | 699M+13.1% | ||
| Accounts payable | 613M-0.5% | 616M-26.1% | 834M+31.0% | 637M+58.1% | 403M+12.1% | |
| Accrued liabilities | 482M+17.4% | 411M+0.8% | 408M-20.0% | 510M+92.9% | 264M+16.5% | |
| Short-term & current debt | 249M-32.7% | 371M+13.6% | 326M+103.2% | 161M+398.8% | 32.2M+0.6% | |
| Current lease liability | 27.7M+15.9% | 23.9M-18.4% | 29.3M+2.8% | 28.5M+27.2% | 22.4M-23.0% | |
| Finance lease liability (current) | 700K-46.2% | 1.30M-13.3% | 1.50M+0.0% | 1.50M+66.7% | 900K+28.6% | |
| Long-term debt | 3.68B-2.6% | 3.77B-1.7% | 3.84B+18.1% | 3.25B+20.5% | 2.70B-0.4% | |
| Non-current lease liability | 94.2M-4.8% | 98.9M-14.3% | 115M-9.5% | 128M+21.8% | 105M-13.0% | |
| Operating lease liability (total) | 122M-0.7% | 123M-15.1% | 145M-7.2% | 156M+22.7% | 127M-14.9% | |
| Finance lease liability (total) | 4.00M-23.1% | 5.20M-8.8% | 5.70M-26.0% | 7.70M+10.0% | 7.00M-4.1% | |
| Finance lease liability | 3.30M-15.4% | 3.90M-7.1% | 4.20M-32.3% | 6.20M+1.6% | 6.10M-7.6% | |
| Deferred tax liabilities | 298M+17.4% | 254M-1.1% | 256M+1.6% | 252M+46.1% | 173M+8.0% | |
| Other non-current liabilities | 247M+1.8% | 243M-6.0% | 258M+4.2% | 248M+16.9% | 212M-13.7% | |
| Total non-current liabilities | 4.14B-0.9% | 4.18B+5.7% | 3.96B+5.5% | 3.75B+21.7% | 3.08B-1.0% | |
| 1.82B+5.0% | 1.74B-2.8% | 1.79B+26.7% | 1.41B+291.5% | 361M-25.0% | ||
| Common stock | 152M+0.5% | 151M+0.5% | 151M+0.3% | 150M+1.6% | 148M+0.3% | |
| Additional paid-in capital | -427M+10.9% | -479M+5.9% | -509M+8.9% | -559M+31.3% | -813M+2.8% | |
| Retained earnings | 2.93B+2.8% | 2.85B+5.5% | 2.70B+25.0% | 2.16B+65.5% | 1.31B+4.9% | |
| Treasury stock | 962M+14.8% | 838M+54.9% | 541M+72.1% | 314M+19.0% | 264M+153.2% | |
| Accumulated other comprehensive income | 132M+141.8% | 54.5M+522.5% | -12.9M+51.9% | -26.8M-71.8% | -15.6M-152.9% | |
| Total equity incl. non-controlling | — | — | — | 1.41B+291.5% | 361M-25.0% | |
| Total liabilities & equity | 7.38B-0.2% | 7.39B+0.3% | 7.37B+13.0% | 6.52B+57.5% | 4.14B-1.7% | |
| Common shares issued | 152M+0.5% | 151M+0.4% | 151M+0.3% | 150M+1.5% | 148M+0.3% | |
| Common shares outstanding | — | — | — | 146M+1.1% | 144M-1.5% | |
| Shares outstanding (cover) | 137M-1.3% | 139M-3.0% | 144M-1.4% | 146M+1.3% | 144M-1.7% | |
| Cash Flow | as ofMay 31 ’26 | as ofMay 25 ’25 | as ofMay 26 ’24 | as ofMay 28 ’23 | as ofMay 29 ’22 | |
| 943M+8.6% | 868M+8.8% | 798M+4.8% | 762M+82.0% | 419M-24.3% | ||
| Depreciation & amortization | 397M+5.8% | 375M+22.2% | 307M+37.7% | 223M+16.0% | 192M+2.3% | |
| Intangible amortization | — | — | — | 7.00M+20.7% | 5.80M+16.0% | |
| Share-based compensation | 46.2M+17.0% | 39.5M-15.6% | 46.8M+21.6% | 38.5M+80.8% | 21.3M+3.4% | |
| Deferred income taxes | 40.7M+10075.0% | 400K+128.6% | -1.40M-450.0% | 400K-97.0% | 13.5M+255.3% | |
| Change in inventory | -77.8M+30.9% | -113M-155.4% | 203M+62.5% | 125M+98.6% | 63.0M+186.4% | |
| Change in payables | -1.50M-175.0% | 2.00M-94.5% | 36.5M-56.1% | 83.1M+403.6% | 16.5M-84.2% | |
| Other operating activities | 1.00M+104.7% | -21.4M-185.9% | 24.9M+1031.8% | 2.20M+131.4% | -7.00M-165.4% | |
| -380M+41.3% | -648M+34.2% | -984M+26.6% | -1.34B-331.9% | -311M-91.1% | ||
| Capital expenditure | 403M-36.9% | 638M-31.3% | 930M+42.1% | 654M+125.4% | 290M+97.1% | |
| Free cash flow | 540M+134.8% | 230M+275.2% | -131M-221.9% | 108M-16.2% | 129M-68.3% | |
| Acquisitions | 0.00 | 0.00-100.0% | 10.5M | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 26.0M+1200.0% | 2.00M | 0.00 | — | — | |
| Other investing activities | -3.90M-457.1% | -700K-250.0% | -200K+96.4% | -5.50M-234.1% | 4.10M+612.5% | |
| -569M-152.9% | -225M-368.8% | -48.0M-114.1% | 341M+193.8% | -363M+62.7% | ||
| Long-term debt issued | 104M-80.3% | 525M-11.3% | 592M+11.8% | 530M-68.4% | 1.68B | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net short-term debt | — | — | — | 41.4M | — | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 208M+0.3% | 207M+18.9% | 174M+19.1% | 146M+5.6% | 138M+2.3% | |
| Other financing activities | 1.90M+112.5% | -15.2M-237.8% | -4.50M-2350.0% | 200K+104.0% | -5.00M-394.1% | |
| Net change in cash | -2.50M-257.1% | -700K+99.7% | -233M-6.0% | -220M+14.8% | -259M+55.5% | |
| Interest paid | 203M-3.7% | 211M+10.1% | 191M+26.0% | 152M+88.3% | 80.6M-33.2% | |
| Income taxes paid | 119M-20.6% | 150M-20.7% | 189M-16.6% | 227M+411.3% | 44.3M-47.3% | |
| Valuation Ratios | as ofMay 31 ’26 | as ofMay 25 ’25 | as ofMay 26 ’24 | as ofMay 28 ’23 | as ofMay 29 ’22 | |
| Market cap | 5.96B-16.4% | 7.13B-44.6% | 12.9B-19.2% | 15.9B+62.4% | 9.82B-18.6% | |
| P/E | 19.9×+2.1% | 19.4×+65.2% | 11.8×-60.0% | 29.4×-29.8% | 41.9×-13.0% | |
| P/S | 0.9×-18.1% | 1.1×-43.2% | 2.0×-40.7% | 3.3×+33.5% | 2.5×-27.7% | |
| P/B | 3.3×-25.3% | 4.4×-40.4% | 7.3×-67.2% | 22.3×-10.9% | 25.0×-6.3% | |
| P/FCF | 9.4×-88.7% | 83.4× | — | 204.5×+64.5% | 124.3×+292.6% | |
| Earnings yield | 5.0%-2.1% | 5.1%-39.5% | 8.5%+150.0% | 3.4%+42.4% | 2.4%+14.9% | |
| FCF yield | 10.6%+787.8% | 1.2% | — | 0.49%-39.2% | 0.80%-74.5% | |
| Dividend yield | 3.5%+20.3% | 2.9%+101.3% | 1.4%+49.6% | 0.96%-32.1% | 1.4%+25.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LW’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LW filings on SEC EDGAR → Not investment advice.