Lamb Weston Holdings, Inc. (LW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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LW Revenue Growth
Revenue Breakdown (FY 2023)
LW's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
LW Revenue Analysis (2014–2025)
As of May 8, 2026, Lamb Weston Holdings, Inc. (LW) generated trailing twelve-month (TTM) revenue of $6.46 billion, reflecting modest growth of +0.3% year-over-year. The most recent quarter (Q1 2026) recorded $1.66 billion in revenue, down 1.0% sequentially.
Looking at the longer-term picture, LW's 5-year compound annual growth rate (CAGR) stands at +11.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $6.47 billion in 2024.
Revenue diversification analysis shows LW's business is primarily driven by Global Segment (55%), Foodservice Segment (28%), and Retail Segment (15%). With over half of revenue concentrated in Global Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including CAG (-4.8% YoY), NOMD (-2.2% YoY), and SMPL (+6.3% YoY), LW has underperformed the peer group in terms of revenue growth. Compare LW vs CAG →
LW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LWCurrent | $6.5B | +0.3% | +11.2% | 10.3% | |
 CAG | $11.6B | -4.8% | +1.0% | 11.8% | |
 NOMD | $3.0B | -2.2% | +3.8% | 10.7% | |
 SMPL | $1.5B | +6.3% | +12.2% | 15.1% | |
 FRPT | $1.1B | +12.0% | +28.2% | 8.6% | |
 SJM | $8.7B | +1.6% | +2.3% | -7.7% |
LW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.45B | -0.3% | $1.40B | 21.7% | $665.1M | 10.3% |
| 2024 | $6.47B | +20.9% | $1.77B | 27.3% | $1.07B | 16.5% |
| 2023 | $5.35B | +30.5% | $1.43B | 26.8% | $882.1M | 16.5% |
| 2022 | $4.10B | +11.7% | $832.0M | 20.3% | $444.4M | 10.8% |
| 2021 | $3.67B | -3.2% | $832.0M | 22.7% | $474.8M | 12.9% |
| 2020 | $3.79B | +1.0% | $895.2M | 23.6% | $556.9M | 14.7% |
| 2019 | $3.76B | +9.7% | $1.00B | 26.7% | $668.4M | 17.8% |
| 2018 | $3.42B | +8.1% | $879.5M | 25.7% | $580.1M | 16.9% |
| 2017 | $3.17B | +5.8% | $778.8M | 24.6% | $518.3M | 16.4% |
| 2016 | $2.99B | +2.4% | $661.8M | 22.1% | $373.3M | 12.5% |
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Start ComparisonLW — Frequently Asked Questions
Quick answers to the most common questions about buying LW stock.
Is LW's revenue growth accelerating or slowing?
LW revenue growth slowed to +0.3%, below the 5-year CAGR of +11.2%. TTM revenue is $6.5B. The deceleration marks a shift from historical growth rates.
What is LW's long-term revenue growth rate?
Lamb Weston Holdings, Inc.'s 5-year revenue CAGR of +11.2% reflects the variable expansion pattern. Current YoY growth of +0.3% is near this long-term average.
How is LW's revenue distributed by segment?
LW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.