Lamb Weston vs J.M. Smucker
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The short version
- J.M. Smucker is the larger business, with $9.1B of revenue in fiscal 2026 against $6.6B for Lamb Weston.
- J.M. Smucker grew revenue faster (3.7%, against 2.5%).
- Lamb Weston kept more of each dollar of sales as operating profit (8.9% operating margin, against 4.0%).
- J.M. Smucker turned more of its sales into free cash flow (12.8% FCF margin, against 8.2%).
- Lamb Weston earned a higher return on the capital invested in it (7.1%, against 2.2%).
- Investors pay more for each dollar of J.M. Smucker’s earnings: a P/E of 60.7x against 29.4x for Lamb Weston.
| Latest fiscal year | LW · FY26 | SJM · FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.4B | — |
| Revenue | $6.6B | $9.1B |
| Free cash flow | $540M | $1.2B |
| Net income | $290M | −$139M |
| Growth | ||
| Revenue growth | 2.5% | 3.7% |
| 5-year growth | 12.5% | 2.5% |
| Share count change | −2.5% | — |
| Profitability | ||
| Gross margin | 20.6% | 33.5% |
| Operating margin | 8.9% | 4.0% |
| Net margin | 4.4% | −1.5% |
| FCF margin | 8.2% | 12.8% |
| Return on capital | 7.1% | 2.2% |
| Return on equity | 16.3% | −2.4% |
| Balance sheet | ||
| Net debt | $3.9B | $6.9B |
| Net debt / EBITDA | 3.9x | 7.5x |
| Dividends and buybacks | $208M | $470M |
| Valuation & quality | ||
| P/E | 29.4x | 60.7x |
| Piotroski F-score | 7 | — |
FY17
LW $3.2B
SJM $7.4B
FY18
LW $3.4B
SJM $7.4B
FY19
LW $3.8B
SJM $7.8B
FY20
LW $3.8B
SJM $7.8B
FY21
LW $3.7B
SJM $8.0B
FY22
LW $4.1B
SJM $8.0B
FY23
LW $5.4B
SJM $8.5B
FY24
LW $6.5B
SJM $8.2B
FY25
LW $6.5B
SJM $8.7B
FY26
LW $6.6B
SJM $9.1B
LW
SJM
FY17
LW 16.4%
SJM 14.1%
FY18
LW 16.9%
SJM 14.2%
FY19
LW 17.8%
SJM 11.9%
FY20
LW 14.7%
SJM 15.7%
FY21
LW 12.9%
SJM 17.3%
FY22
LW 10.8%
SJM 12.8%
FY23
LW 16.5%
SJM 1.9%
FY24
LW 16.5%
SJM 16.0%
FY25
LW 10.3%
SJM −7.7%
FY26
LW 8.9%
SJM 4.0%
LW
SJM
FY17
LW $160M
SJM $867M
FY18
LW $174M
SJM $896M
FY19
LW $347M
SJM $781M
FY20
LW $406M
SJM $986M
FY21
LW $406M
SJM $1.3B
FY22
LW $129M
SJM $719M
FY23
LW $108M
SJM $717M
FY24
LW −$131M
SJM $643M
FY25
LW $230M
SJM $817M
FY26
LW $540M
SJM $1.2B
LW
SJM
FY17
LW 21.4%
SJM 5.8%
FY18
LW 24.4%
SJM 8.5%
FY19
LW 24.4%
SJM 5.2%
FY20
LW 18.0%
SJM 6.8%
FY21
LW —
SJM 8.0%
FY22
LW —
SJM 6.1%
FY23
LW 20.2%
SJM 1.1%
FY24
LW 15.5%
SJM 7.2%
FY25
LW 8.1%
SJM −3.6%
FY26
LW 7.1%
SJM 2.2%
LW
SJM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.