LW on NYSE

Lamb Weston

Logo: ™/®Lamb Weston Holdings, Inc., Public domain, via Wikimedia Commons4

American food processing company

Lamb Weston Holdings, Inc. is an American food processing company that is one of the world's largest producers and processors of frozen french fries, waffle fries, and other frozen potato products.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$6.6BRevenue, fiscal 20265
$290.0MNet income, fiscal 20265
1950Founded1

Compare with Isac, T. Marzetti Company or Kraft Heinz, or pick any stock.

  • TickerLW on NYSE1
  • IndustryCanned, Frozen & Preservd Fruit, Veg & Food Specialties1
  • HeadquartersEagle1
  • Websitewww.lambweston.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address599 S. Rivershore Lane, Eagle, Id 836166
  • Filer categoryLarge accelerated filer6

See how the biggest companies compare on our leaderboards

Lamb Weston Holdings, Inc. is an American food processing company that is one of the world's largest producers and processors of frozen french fries, waffle fries, and other frozen potato products. It is headquartered in Eagle, Idaho, a suburb of Boise.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

20.6%Gross margin5
8.9%Operating margin5
4.4%Net margin5
2.5%Revenue growth, 20265
15.9%Return on equity5
2.01×Debt to equity5
$540.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Segments, North America brought in 66% of the revenue Lamb Weston broke down this way in fiscal 2026.

  1. Segments, North America$4.4B566%up 3% from 2025
  2. Segments, International$2.2B534%up 1% from 2025
Business segments by year
Business segments202420252026
Segments, North America$4.4B$4.3B$4.4B
Segments, International$2.1B$2.2B$2.2B

Regions

United States brought in 65% of the revenue Lamb Weston broke down this way in fiscal 2026.

  1. United States$4.3B565%up 3% from 2025
  2. Outside the United States$2.3B535%up 2% from 2025
Regions by year
Regions202420252026
United States$4.3B$4.2B$4.3B
Outside the United States$2.2B$2.3B$2.3B

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue79¢$5.3B
  • Research and development0¢$18.9M
  • Selling, general and admin10¢$664.6M
  • Other costs4¢$258.1M
  • Income tax2¢$128.1M
  • Profit4¢$290.0M

Out of $6.6B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending43¢$402.7M
  • Dividends paid22¢$207.5M
  • Kept or used elsewhere35¢$332.7M

Out of $942.9M of cash from operations.5

Financial statements

Revenue891011125$6.6B in 2026+76% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $3.8B$3.8B20192020: $3.8B$3.8B2020+1%2021: $3.7B$3.7B2021−3%2022: $4.1B$4.1B2022+12%2023: $5.4B$5.4B2023+31%2024: $6.5B$6.5B2024+21%2025: $6.5B$6.5B2025−0%2026: $6.6B$6.6B2026+2%
Gross profit891011125$1.4B in 2026+35% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.0B$1.0B20192020: $895.2M$895.2M2020−11%2021: $832.0M$832.0M2021−7%2022: $832.0M$832.0M2022+0%2023: $1.4B$1.4B2023+72%2024: $1.8B$1.8B2024+23%2025: $1.4B$1.4B2025−21%2026: $1.4B$1.4B2026−3%
Operating income891011125$591.1M in 2026−12% since 2019
0$500.0M$1.0B$1.5B2019: $668.4M$668.4M20192020: $556.9M$556.9M2020−17%2021: $474.8M$474.8M2021−15%2022: $444.4M$444.4M2022−6%2023: $882.1M$882.1M2023+98%2024: $1.1B$1.1B2024+21%2025: $665.1M$665.1M2025−38%2026: $591.1M$591.1M2026−11%
Net income891011125$290.0M in 2026−39% since 2019
0$500.0M$1.0B$1.5B2019: $478.6M$478.6M20192020: $365.9M$365.9M2020−24%2021: $317.8M$317.8M2021−13%2022: $200.9M$200.9M2022−37%2023: $1.0B$1.0B2023+402%2024: $725.5M$725.5M2024−28%2025: $357.2M$357.2M2025−51%2026: $290.0M$290.0M2026−19%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-05-312025-05-312024-05-31
Net sales$6.6B$6.5B$6.5B
Cost of sales$5.3B$5.1B$4.7B
Gross profit$1.4B$1.4B$1.8B
Selling, general and administrative expenses$664.6M$633.5M$701.4M
Cost Savings Program and Restructuring expenses, net$104.0M$100.0M$0
Income from operations$591.1M$665.1M$1.1B
Interest expense, net$180.5M$180.0M$135.8M
Income before income taxes and equity method earnings$410.6M$485.1M$929.5M
Income tax expense$128.1M$143.1M$230.0M
Equity method investment earnings$7.5M$15.2M$26.0M
Net income$290.0M$357.2M$725.5M
Basic (in dollars per share)$2.09$2.51$5.01
Diluted (in dollars per share)$2.08$2.50$4.98
Basic (in shares)138.9M shares142.2M shares144.9M shares
Diluted (in shares)139.1M shares142.7M shares145.6M shares

Compare Lamb Weston with another company

The story

The company was founded in 1950 by Gilbert Lamb in a former co-op plant in Weston, Oregon. In 1988, it was acquired by ConAgra Foods and moved corporate offices from Tigard, Oregon, to Kennewick, Washington. In November 2016, ConAgra spun off the company to its shareholders. In October 2019, Lamb Weston formed the joint venture, Lamb Weston Alimentos Modernos S.A., with Sociedad Comercial del Plata.

In September 2022, the Oregon Department of Environmental Quality (DEQ) fined Lamb Weston $127,000 for 90 violations of the company's wastewater discharge permit between 2015 and 2021, which included the company dumping more than 220 tons of excess nitrogen above an already contaminated aquifer. In 2024, Lamb Weston reached a settlement with the DEQ; the company would pay a $143,400 fine as well as evaluate ways to reduce wastewater, conduct soil sampling and monitor well water.

In September 2023, it was announced Lamb Weston had acquired the Campbellfield, Victoria-headquartered Australian food manufacturer, Crackerjack Foods. The company will join the Lamb Weston Oceania subsidiary.

On November 15, 2024, a class action lawsuit was filed against Lamb Weston along with multiple other companies alleging that they are colluding together to hike prices of potato products in a coordinated way.

From Wikipedia’s article on Lamb Weston, shared under CC BY-SA 4.0.7

Leadership

Who has led Lamb Weston, and when. Pick a name to see everywhere that person has worked.

Chair

  1. Timothy R. McLevish2016–2017
  2. Jan Eli B. Craps2026–now

President

  1. Marc Schroeder2023
  2. Sharon L. Miller2023–2024

Chief financial officer

  1. Robert McNutt2017–2021
  2. Bernadette M. Madarieta2022–2026
  3. James D. Gray2026–now
197019801990200020102020
Board members and other officers (32)

Products and brands

Lamb Weston Holdings has subsidiaries in Europe, Asia and South America.

Companies

China - Lamb Weston - Shanghai, two processing plants

China - TaiMei Potato Industry

Europe - Lamb Weston / Meijer: the former joint venture is now fully owned by Lamb Weston. six processing plants in the Netherlands, United Kingdom and Austria

Read the full text

United States - Alexia Foods

Canada - Lamb Weston Canada ULC

Chile - Unisur Alimentos Ltda

Argentina - Lamb Weston Alimentos Modernos S.A.

Processing plants

Lamb Weston

American Falls (Idaho)

Boardman East (Oregon)

Boardman West (Oregon)

Connell (Washington)

Delhi (Louisiana)

Hallam (Australia)

Hermiston (Oregon)

Pasco (Washington)

Paterson (Washington)

Lamb Weston RDO Frozen - Park Rapids (Minnesota)

Quincy (Washington)

Richland (Washington)

Shangdu (China)

Taber (Canada)

Twin Falls (Idaho)

Warden (Washington)

Lamb Weston/Meijer (1994-2022)

Bergen op Zoom (the Netherlands)

Frisch & Frost, Hollabrunn (Austria)

Kruiningen (the Netherlands)

Broekhuizenvorst (the Netherlands)

Lipetsk (Russia)

Oosterbierum (the Netherlands)

Wisbech (the United Kingdom)

In 2022, Lamb Weston / Meijer sold its Russian plant to local shareholders and later Meijer Beheer B.V. sold his share of ownership to Lamb Weston Holdings Inc.

Lamb Weston Alimentos Modernos S.A.

Munro (Argentina)

From Wikipedia’s article on Lamb Weston, shared under CC BY-SA 4.0.7

Timeline

  1. Nov 1, 2016Went public Listed on NYSE1
  2. 1950Founded Founded1

Filings

406 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 52 major events, 257 insider forms, 44 large holders, 32 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Oct 9, 20264 EDGAR
  3. Oct 9, 20264 EDGAR
  4. Oct 9, 20264 EDGAR
  5. Oct 9, 20264 EDGAR
  6. Oct 9, 20264 EDGAR
  7. Oct 9, 20264 EDGAR
  8. Oct 9, 20264 EDGAR
  9. Oct 9, 20264 EDGAR
  10. Oct 6, 20268-K EDGAR
  11. Oct 6, 202610-Q EDGAR
  12. Oct 6, 20268-K EDGAR
  13. Sep 23, 2026S-8 EDGAR
  14. Sep 16, 20268-K EDGAR
  15. Aug 5, 20264 EDGAR
  16. Aug 5, 20264 EDGAR
  17. Aug 5, 20264 EDGAR
  18. Aug 5, 20264 EDGAR
  19. Aug 5, 20264 EDGAR
  20. Aug 5, 20264 EDGAR

The 406 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 44 such filings since October 2021, the latest 10:

  1. Aug 5, 2026SCHEDULE 13G/A
  2. Apr 30, 2026SCHEDULE 13G
  3. Apr 29, 2026SCHEDULE 13G
  4. Apr 7, 2026SCHEDULE 13G/A
  5. Mar 27, 2026SCHEDULE 13G/A
  6. Feb 17, 2026SCHEDULE 13G/A
  7. Jan 16, 2026SCHEDULE 13G
  8. Nov 14, 2025SCHEDULE 13G
  9. Aug 6, 2025SCHEDULE 13G/A
  10. Jul 1, 2025SCHEDULE 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.16,912,375$730.3M0.0%−728,358
Vanguard Portfolio Management LLC8,039,041$347.1M0.0%−132,347
Jpmorgan Chase & Co7,114,830$314.1M0.0%−181,134
Vanguard Capital Management LLC5,995,487$258.9M0.0%−244,371
Starboard Value LP5,733,982$247.6M5.5%−381,000
JANA Partners Management, LP5,394,635$232.9M12.2%+386,000
Aqr Capital Management LLC4,927,106$212.8M0.1%+2,830,882
State Street Corp4,869,644$210.3M0.0%+294,120
Fmr LLC3,822,123$165.0M0.0%+1,575,145
Continental Grain Co3,569,080$154.1M34.4%+935,000
Dimensional Fund Advisors LP3,345,828$144.5M0.0%+603,620
Norges Bank2,456,090$106.1M0.0%New
Geode Capital Management, LLC2,342,274$101.2M0.0%−26,330
Brookfield Corp /ON/2,226,311$96.1M0.1%No change
Douglas Lane & Associates, LLC1,682,355$72.6M1.0%+251,726
Morgan Stanley1,563,242$67.5M0.0%−79,175
Nomura Asset Management International Inc.1,516,642$65.5M0.1%−43,166
Goldman Sachs Group Inc1,511,691$65.3M0.0%+784,367
Jupiter Asset Management Ltd1,244,438$53.7M0.3%+301,112
Charles Schwab Investment Management Inc1,230,797$53.1M0.0%+32,643
Principal Financial Group Inc1,214,056$52.4M0.0%+523,563
Bank of New York Mellon Corp1,193,167$51.5M0.0%−8,330
Royal London Asset Management Ltd1,076,579$46.5M0.1%+10,398
Northern Trust Corp998,645$43.1M0.0%+46,750
Brandes Investment Partners, LP963,237$41.6M0.3%+20,953

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

12 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 15, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+38.3%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+43.7%Report
Oct 31, 2024Gary C. PetersDemocratic, SenateSale$1,001 - $15,000+65.9%Report
May 11, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000+117.0%Report
Apr 9, 2021Sara JacobsDemocratic, HouseSale$15,001 - $50,000+117.5%Report
Mar 10, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000−130.9%Report
Feb 23, 2021Susie LeeDemocratic, HouseBuy$1,001 - $15,000−133.9%Report
Oct 19, 2020Susie LeeDemocratic, HousePartial sale$1,001 - $15,000+150.0%Report
Jun 5, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000−165.6%Report
Apr 17, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000−178.8%Report
Apr 15, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000−180.9%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+173.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55