Feed efficiency was measured in thirty Pelibuey noncastrated male lambs using the residual feed intake (RFI) and residual intake and gain (RIG). The lambs were fattened for 92 d and then slaughtered, with the aim of identifying the interplay between feed efficiency indices (FEIs) and performance, rumen fermentation parameters, carcass characteristics and meat quality traits from the 15 intermediate and most extreme lambs for each FEI. The mean values of the classes were −0.09, 0.00, and 0.09 kg DM/d for low, medium and high RFI, respectively. The RIG indicators were 2.6, −0.1, and −2.7, for high, medium and low, respectively. The lambs with high-RIG had a higher (P ≤ 0.05) average daily gain and improved feed conversion. Lambs with low-RFI and high-RIG had higher (P < 0.05) values of meat cooking loss. Efficient lambs had improved feed utilization without affecting the carcass characteristics or meat quality (except for cooking loss).