Lamb Weston Holdings, Inc. engages in the production, distribution, and marketing of frozen potato products in the United States, Canada, Mexico, and internationally. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels. The company also provides its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' own brands. It sells its products through a network of internal sales personnel and independent brokers, agents, and distributors to quick service and full-service restaurants and chains, wholesale, grocery, mass merchants, club retailers, and specialty retailers, as well as foodservice distributors and institutions, including businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores. Lamb Weston Holdings, Inc. was incorporated in 1950 and is headquartered in Eagle, Idaho.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.5B | $1.1B | $357M | $230M | 20.6% | -0.3% | -50.8% |
| 2024 | $6.5B | $1.4B | $726M | $-131M | 40.6% | 20.9% | -28.1% |
| 2023 | $5.4B | $1.1B | $1.0B | $108M | 71.5% | 30.5% | 402.2% |
| 2022 | $4.1B | $637M | $201M | $129M | 55.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,098.90 | 5,350.60 | 6,467.60 | 6,451.30 |
| Operating Revenue | 4,098.90 | 5,350.60 | 6,467.60 | 6,451.30 |
| Cost Of Revenue | 3,266.90 | 3,918.50 | 4,700.90 | 5,052.70 |
| Gross Profit | 832 | 1,432.10 | 1,766.70 | 1,398.60 |
| Operating Expense | 387.60 | 550 | 701.40 | 633.50 |
| Selling General And Administration | 387.60 | 550 | 701.40 | 633.50 |
| Total Expenses | 3,654.50 | 4,468.50 | 5,402.30 | 5,686.20 |
| Operating Income | 444.40 | 882.10 | 1,065.30 | 765.10 |
| Total Operating Income As Reported | 444.40 | 882.10 | 1,065.30 | 665.10 |
| EBITDA | 636.50 | 1,104.90 | 1,372.10 | 1,072.60 |
| Normalized EBITDA | 636.50 | 1,104.90 | 1,372.10 | 1,172.60 |
| EBIT | 444.40 | 882.10 | 1,065.30 | 665.10 |
| Interest Expense | 161 | 109.20 | 135.80 | 180 |
| Net Interest Income | -161 | -109.20 | -135.80 | -180 |
| Other Income Expense | - | - | - | -100 |
| Interest Expense Non Operating | 161 | 109.20 | 135.80 | 180 |
| Net Non Operating Interest Income Expense | -161 | -109.20 | -135.80 | -180 |
| Pretax Income | 283.40 | 772.90 | 929.50 | 485.10 |
| Tax Provision | 71.80 | 224.60 | 230 | 143.10 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | -28.60 |
| Net Income Continuous Operations | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Net Income From Continuing And Discontinued Operation | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Net Income From Continuing Operation Net Minority Interest | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Net Income | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Net Income Common Stockholders | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Net Income Including Noncontrolling Interests | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Normalized Income | 200.90 | 1,008.90 | 725.50 | 428.60 |
| Diluted NI Availto Com Stockholders | 200.90 | 1,008.90 | 725.50 | 357.20 |
| Basic Average Shares | 145.50 | 144.50 | 144.90 | 142.20 |
| Diluted Average Shares | 145.90 | 145.20 | 145.60 | 142.70 |
| Reconciled Depreciation | 192.10 | 222.80 | 306.80 | 407.50 |
| Reconciled Cost Of Revenue | 3,266.90 | 3,918.50 | 4,700.90 | 5,052.70 |
| Total Unusual Items | - | 0 | 0 | -100 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -100 |
| Earnings From Equity Interest Net Of Tax | -10.70 | 460.60 | 26 | 15.20 |
| Special Income Charges | - | 0 | 0 | -100 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 100 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lamb Weston Holdings, Inc.this co. | LW | $5.9B | 16.38 | 3.37 | 20.6% | 9.26 |
| Molson Coors Beverage Company | TAP | $7.2B | -3.37 | 0.70 | -20.9% | -8.20 |
| The Campbell's Company | CPB | $6.4B | 10.67 | 1.65 | 15.4% | 8.57 |
| Conagra Brands, Inc. | CAG | $6.1B | 5.26 | 0.68 | 12.9% | 7.16 |
| PriceSmart, Inc. | PSMT | $5.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| 36.16 |
| 4.29 |
| 11.9% |
| 17.75 |
| Laureate Education, Inc. | LAUR | $4.7B | 16.68 | 3.95 | 23.7% | 9.70 |
| Stride, Inc. | LRN | $4.3B | 15.06 | 2.93 | 19.5% | 8.07 |
| Covista Inc. | CVSA | $4.2B | 17.86 | 2.95 | 16.5% | 11.26 |
| The Vita Coco Company, Inc. | COCO | $4.2B | 59.24 | 12.74 | 21.5% | 48.36 |
| Peer Median | - | 15.87 | 2.94 | 16.0% | 9.14 | |