Operating Income for Lamb Weston (LW)
According to Lamb Weston's latest reported financial statements, the company's current operating income (TTM) is $608.10M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$608.10M
YoY change
-37.6%
5Y CAGR
+3.6%
Peak year (2024)
$1.07B
Cumulative operating income
$7.38B
Operating Income history chart for Lamb Weston (LW) from 2013 to 2025
Operating Income history table for Lamb Weston (LW) from 2013 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $665.10M | -37.6% | ||
| 2024 | $1.07B | +20.8% | ||
| 2023 | $882.10M | +98.5% | ||
| 2022 | $444.40M | -6.4% | ||
| 2021 | $474.80M | -14.7% | ||
| 2020 | $556.90M | -16.7% | ||
| 2019 | $668.40M | +15.2% | ||
| 2018 | $580.10M | +11.9% | ||
| 2017 | $518.30M | +38.8% | ||
| 2016 | $373.30M | -2.1% | ||
| 2015 | $381.40M | +4.0% | ||
| 2014 | $366.70M | -8.6% | ||
| 2013 | $401.00M | — |
Operating Income values are taken from Lamb Weston's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Lamb Weston (LW) came in at $665.10M – plunged 37.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Lamb Weston operating income compounded at +3.6% per year, with the latest reading among the more recent periods of the dataset.
Lamb Weston operating income peaked at $1.07B in 2024; the latest annual figure is $665.10M in 2025 (37.6% below peak).
2024 marks the peak operating income at $1.07B, with the historical low of $366.70M recorded in 2014.
Among 8 Consumer Defensive peers, Lamb Weston (LW) ranks 9th; the peer median for operating income is $14.35B.
Lamb Weston Operating Income by Year
Lamb Weston Operating Income 2025: $665.10M
Lamb Weston operating income in 2025 was $665.10M, plunged 37.6% below 2024.
Lamb Weston Operating Income 2024: $1.07B
Lamb Weston operating income in 2024 was $1.07B, grew 20.8% from 2023. This figure represents the highest annual value in the available history.
Lamb Weston Operating Income 2023: $882.10M
Lamb Weston operating income in 2023 was $882.10M, surged 98.5% from 2022.
Lamb Weston Operating Income 2022: $444.40M
Lamb Weston operating income in 2022 was $444.40M, declined 6.4% below 2021.
Lamb Weston Operating Income 2021: $474.80M
Lamb Weston operating income in 2021 was $474.80M.
See more financial history for Lamb Weston (LW).
Sector peers — Operating Income
Companies in the same sector as Lamb Weston, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Lamb Weston's operating income?
- Latest reported operating income for Lamb Weston (LW) is $608.10M (period ending February 22, 2026).
How has Lamb Weston operating income changed year-over-year?
- Lamb Weston (LW) operating income changed -37.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Lamb Weston operating income?
- Lamb Weston (LW) operating income compound annual growth rate is +3.6% over the most recent 5 years available.
When did Lamb Weston operating income hit its highest annual value?
- Lamb Weston operating income reached its highest annual value of $1.07B in 2024.
What was Lamb Weston operating income in 2024?
- Lamb Weston (LW) operating income in 2024 was $1.07B.
What was Lamb Weston operating income in 2025?
- Lamb Weston (LW) operating income in 2025 was $665.10M.
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