LNW
Light & Wonder, Inc.
Gambling, Resorts & Casinos
Market Cap$8.13B
5Y Perf.+522.8%
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Stock Comparison
LNW vs AMZN
Revenue, margins, valuation, and 5-year total return — side by side.
AMZN
Amazon.com, Inc.
Specialty Retail
Market Cap$2.92T
5Y Perf.+89.0%
LNW vs AMZN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | LNW | AMZN |
|---|---|---|
| Industry | Gambling, Resorts & Casinos | Specialty Retail |
| Market Cap | $8.13B | $2.92T |
| Revenue (TTM) | $3.22B | $742.78B |
| Net Income (TTM) | $399M | $90.80B |
| Gross Margin | 72.7% | 50.6% |
| Operating Margin | 23.9% | 11.5% |
| Forward P/E | 15.9x | 34.8x |
| Total Debt | $3.92B | $152.99B |
| Cash & Equiv. | $196M | $86.81B |
LNW vs AMZN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
LNW
AMZN
| Stock | May 20 | Feb 26 | Return |
|---|---|---|---|
| Light & Wonder, Inc. (LNW) | 100 | 622.8 | +522.8% |
| Amazon.com, Inc. (AMZN) | 100 | 189.0 | +89.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LNW vs AMZN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: LNW and AMZN are tied at the top with 3 categories each — the right choice depends on your priorities. Amazon.com, Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
LNW
Light & Wonder, Inc.
The Income Pick
LNW has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.
- Dividend streak 3 yrs, beta 1.04
- Rev growth 9.9%, EPS growth 110.3%, 3Y rev CAGR 14.0%
- 10.4% 10Y total return vs AMZN's 7.0%
Best for: income & stability and growth exposure
AMZN
Amazon.com, Inc.
The Growth Leader
AMZN is the clearest fit if your priority is growth and momentum.
- 12.4% revenue growth vs LNW's 9.9%
- +43.7% vs LNW's +4.6%
- 11.5% ROA vs LNW's 6.1%, ROIC 14.7% vs 11.6%
Best for: growth and momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | AMZN | 12.4% revenue growth vs LNW's 9.9% |
| Value | LNW | Lower P/E (15.9x vs 34.8x) |
| Quality / Margins | LNW | 12.4% margin vs AMZN's 12.2% |
| Stability / Safety | LNW | Beta 1.04 vs AMZN's 1.51 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | AMZN | +43.7% vs LNW's +4.6% |
| Efficiency (ROA) | AMZN | 11.5% ROA vs LNW's 6.1%, ROIC 14.7% vs 11.6% |
LNW vs AMZN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
LNW vs AMZN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLLNWLAGGINGAMZN
AMZNAmazon.com, Inc.
2leads
LNWLight & Wonder, Inc.
2leads
6 Total Categories
CATEGORYLEADERvs AMZNMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
LNW4/6
Valuation MetricsMultiples, price ratios, and targets
LNW5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
AMZN5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
AMZN4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
LNW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
AMZN is the larger business by revenue, generating $742.8B annually — 230.6x LNW's $3.2B. Profitability is closely matched — net margins range from 12.4% (LNW) to 12.2% (AMZN). On growth, AMZN holds the edge at +16.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | LNWLight & Wonder, I… | AMZNAmazon.com, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $3.2B | $742.8B |
| EBITDAEarnings before interest/tax | $1.2B | $155.9B |
| Net IncomeAfter-tax profit | $399M | $90.8B |
| Free Cash FlowCash after capex | $389M | -$2.5B |
| Gross MarginGross profit ÷ Revenue | +72.7% | +50.6% |
| Operating MarginEBIT ÷ Revenue | +23.9% | +11.5% |
| Net MarginNet income ÷ Revenue | +12.4% | +12.2% |
| FCF MarginFCF ÷ Revenue | +12.1% | -0.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.9% | +16.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +24.1% | +74.8% |
LNW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
LNW leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 26.6x trailing earnings, LNW trades at a 30% valuation discount to AMZN's 37.8x P/E. On an enterprise value basis, LNW's 11.5x EV/EBITDA is more attractive than AMZN's 20.5x.
| Metric | LNWLight & Wonder, I… | AMZNAmazon.com, Inc. |
|---|---|---|
| Market CapShares × price | $8.1B | $2.92T |
| Enterprise ValueMkt cap + debt − cash | $11.9B | $2.98T |
| Trailing P/EPrice ÷ TTM EPS | 26.62x | 37.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.89x | 34.77x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.35x |
| EV / EBITDAEnterprise value multiple | 11.52x | 20.47x |
| Price / SalesMarket cap ÷ Revenue | 2.55x | 4.07x |
| Price / BookPrice ÷ Book value/share | 14.02x | 7.14x |
| Price / FCFMarket cap ÷ FCF | 24.06x | 378.98x |
LNW leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
AMZN leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
LNW delivers a 55.2% return on equity — every $100 of shareholder capital generates $55 in annual profit, vs $23 for AMZN. AMZN carries lower financial leverage with a 0.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to LNW's 6.16x. On the Piotroski fundamental quality scale (0–9), LNW scores 7/9 vs AMZN's 6/9, reflecting strong financial health.
| Metric | LNWLight & Wonder, I… | AMZNAmazon.com, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +55.2% | +23.3% |
| ROA (TTM)Return on assets | +6.1% | +11.5% |
| ROICReturn on invested capital | +11.6% | +14.7% |
| ROCEReturn on capital employed | +14.0% | +15.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 6.16x | 0.37x |
| Net DebtTotal debt minus cash | $3.7B | $66.2B |
| Cash & Equiv.Liquid assets | $196M | $86.8B |
| Total DebtShort + long-term debt | $3.9B | $153.0B |
| Interest CoverageEBIT ÷ Interest expense | 2.67x | 39.96x |
AMZN leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
AMZN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LNW five years ago would be worth $17,488 today (with dividends reinvested), compared to $16,476 for AMZN. Over the past 12 months, AMZN leads with a +43.7% total return vs LNW's +4.6%. The 3-year compound annual growth rate (CAGR) favors AMZN at 36.8% vs LNW's 18.3% — a key indicator of consistent wealth creation.
| Metric | LNWLight & Wonder, I… | AMZNAmazon.com, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -4.9% | +19.7% |
| 1-Year ReturnPast 12 months | +4.6% | +43.7% |
| 3-Year ReturnCumulative with dividends | +65.5% | +156.2% |
| 5-Year ReturnCumulative with dividends | +74.9% | +64.8% |
| 10-Year ReturnCumulative with dividends | +1035.2% | +697.8% |
| CAGR (3Y)Annualised 3-year return | +18.3% | +36.8% |
AMZN leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — LNW and AMZN each lead in 1 of 2 comparable metrics.
Risk & Volatility
LNW is the less volatile stock with a 1.04 beta — it tends to amplify market swings less than AMZN's 1.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AMZN currently trades 97.3% from its 52-week high vs LNW's 79.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | LNWLight & Wonder, I… | AMZNAmazon.com, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.04x | 1.51x |
| 52-Week HighHighest price in past year | $122.65 | $278.56 |
| 52-Week LowLowest price in past year | $69.56 | $185.01 |
| % of 52W HighCurrent price vs 52-week peak | +79.9% | +97.3% |
| RSI (14)Momentum oscillator 0–100 | 41.3 | 81.1 |
| Avg Volume (50D)Average daily shares traded | 88K | 45.5M |
Evenly matched — LNW and AMZN each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates LNW as "Hold" and AMZN as "Buy". Consensus price targets imply 109.2% upside for LNW (target: $205) vs 13.1% for AMZN (target: $307).
| Metric | LNWLight & Wonder, I… | AMZNAmazon.com, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $205.00 | $306.77 |
| # AnalystsCovering analysts | 13 | 94 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 3 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +5.7% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
LNW leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). AMZN leads in 2 (Profitability & Efficiency, Total Returns). 1 tied.
Best OverallLight & Wonder, Inc. (LNW)Leads 2 of 6 categories
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LNW vs AMZN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is LNW or AMZN a better buy right now?
For growth investors, Amazon.
com, Inc. (AMZN) is the stronger pick with 12. 4% revenue growth year-over-year, versus 9. 9% for Light & Wonder, Inc. (LNW). Light & Wonder, Inc. (LNW) offers the better valuation at 26. 6x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate Amazon. com, Inc. (AMZN) a "Buy" — based on 94 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LNW or AMZN?
On trailing P/E, Light & Wonder, Inc.
(LNW) is the cheapest at 26. 6x versus Amazon. com, Inc. at 37. 8x. On forward P/E, Light & Wonder, Inc. is actually cheaper at 15. 9x.
03Which is the better long-term investment — LNW or AMZN?
Over the past 5 years, Light & Wonder, Inc.
(LNW) delivered a total return of +74. 9%, compared to +64. 8% for Amazon. com, Inc. (AMZN). Over 10 years, the gap is even starker: LNW returned +1035% versus AMZN's +697. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LNW or AMZN?
By beta (market sensitivity over 5 years), Light & Wonder, Inc.
(LNW) is the lower-risk stock at 1. 04β versus Amazon. com, Inc. 's 1. 51β — meaning AMZN is approximately 45% more volatile than LNW relative to the S&P 500. On balance sheet safety, Amazon. com, Inc. (AMZN) carries a lower debt/equity ratio of 37% versus 6% for Light & Wonder, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — LNW or AMZN?
By revenue growth (latest reported year), Amazon.
com, Inc. (AMZN) is pulling ahead at 12. 4% versus 9. 9% for Light & Wonder, Inc. (LNW). On earnings-per-share growth, the picture is similar: Light & Wonder, Inc. grew EPS 110. 3% year-over-year, compared to 29. 7% for Amazon. com, Inc.. Over a 3-year CAGR, LNW leads at 14. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LNW or AMZN?
Amazon.
com, Inc. (AMZN) is the more profitable company, earning 10. 8% net margin versus 10. 5% for Light & Wonder, Inc. — meaning it keeps 10. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LNW leads at 21. 0% versus 11. 2% for AMZN. At the gross margin level — before operating expenses — LNW leads at 70. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LNW or AMZN more undervalued right now?
On forward earnings alone, Light & Wonder, Inc.
(LNW) trades at 15. 9x forward P/E versus 34. 8x for Amazon. com, Inc. — 18. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LNW: 109. 2% to $205. 00.
08Which pays a better dividend — LNW or AMZN?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is LNW or AMZN better for a retirement portfolio?
For long-horizon retirement investors, Light & Wonder, Inc.
(LNW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 04), +1035% 10Y return). Amazon. com, Inc. (AMZN) carries a higher beta of 1. 51 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LNW: +1035%, AMZN: +697. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LNW and AMZN?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(LNW: 2.9% · AMZN: 16.6%)Net Margin>
%
(LNW: 12.4% · AMZN: 12.2%)P/E Ratio<
x
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