Lamb Weston Holdings (LW) Operating Margin (2015 - 2026)
Lamb Weston Holdings (LW) posted quarterly Operating Margin of 9.54% for Q2 2026, down 155.0% year-on-year from 17.34% in Q2 2025, and up 17.87% on a QoQ basis from 8.09% in Q1 2026.
Lamb Weston Holdings (LW) Operating Margin (2015 - 2026) Analysis & Trends
Lamb Weston Holdings (LW) has reported Operating Margin for 12 consecutive years, with 9.54% the latest figure, recorded in Q2 2026.
- Quarterly Operating Margin fell 155.0% year-over-year to 9.54% in Q2 2026, while the trailing twelve-month figure through May 2026 was 8.94% (down 137.0% YoY) and the FY2026 annual result came in at 8.94%, down 137.0% from the prior year.
- Operating Margin rose to 9.54% in Q2 2026 per LW's latest filing, from 8.09% in the prior quarter.
- Over the last five years, Operating Margin for LW reached as high as 21.29% in Q4 2022 and fell as low as 1.16% in Q4 2024.
- A 5-year average of 13.11% and a median of 13.0% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 993 bps — and 2024, when it tumbled 1649 bps.
- Year by year, Operating Margin stood at 21.29% in 2022, then decreased by 17 bps to 17.64% in 2023, then plunged by 93 bps to 1.16% in 2024, then surged by 644 bps to 8.6% in 2025, then gained by 11 bps to 9.54% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 9.54%, 8.09%, and 8.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 18.94% |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | -45.40% |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 7.30% |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 14.27% |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 8.76% |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 14.62% |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | -57.54% |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 9.54% |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn | 3.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 9.54% |
| Feb 22, 2026 | 8.09% |
| Nov 23, 2025 | 8.60% |
| Aug 24, 2025 | 9.43% |
| May 25, 2025 | 11.09% |
| Feb 23, 2025 | 16.36% |
| Nov 24, 2024 | 1.16% |
| Aug 25, 2024 | 12.82% |
| May 26, 2024 | 13.18% |
| Feb 25, 2024 | 15.35% |
| Nov 26, 2023 | 17.64% |
| Aug 27, 2023 | 19.41% |
| May 28, 2023 | 11.03% |
| Feb 26, 2023 | 21.24% |
| Nov 27, 2022 | 21.29% |
| Aug 28, 2022 | 13.95% |
| May 29, 2022 | 11.79% |
| Feb 27, 2022 | 14.01% |
| Nov 28, 2021 | 11.36% |
| Aug 29, 2021 | 6.12% |