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Light & Wonder, Inc.(LNW)Earnings, Financials & Key Ratios
LNW•NASDAQ
$97.97
$8.13B mkt cap·26.6× P/E·Price updated Apr 24, 2026
AboutLight & Wonder, Inc. develops technology-based products and services, and related content for the gaming, lottery, social and digital gaming industries in the United States and internationally. The company's Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals, conversion game kits, and spare parts; table products, including shufflers; and perpetual licenses to proprietary table games. It also supplies game content, gaming machines; provides table game products and services to licensed gaming entities; and installs and supports casino management systems, such as ongoing hardware and software maintenance and upgrade services of customer casino management systems. The company's SciPlay segment develops and publishes digital games on mobile and web platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, or bingo games. Its iGaming segment provides a suite of digital gaming content, including digital real-money gaming, distribution platforms, content, products, and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. The company also offers software design, development, licensing, maintenance, support services, and technology solutions. Light & Wonder, Inc. was incorporated in 1984 and is based in Las Vegas, Nevada.Show more
- Revenue$3.19B+9.9%
- EBITDA$1.03B+14.1%
- Net Income$336M+106.1%
- EPS (Diluted)3.68+110.3%
- Gross Margin70.8%+1.2%
- EBITDA Margin32.28%+3.8%
- Operating Margin20.95%+17.4%
- Net Margin10.54%+87.6%
- ROE47.97%+183.4%
- ROIC11.61%+26.5%
- Debt/Equity6.16+19.8%
- Interest Coverage2.28+42.6%
LNW Key Insights
Light & Wonder, Inc. (LNW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 127.1%
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 2.2% through buybacks
- ✓Healthy 5Y average net margin of 29.2%
✗Weaknesses
- ✗High debt to equity ratio of 6.2x
- ✗Expensive at 14.0x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LNW Price & Volume
Light & Wonder, Inc. (LNW) stock price & volume — 10-year historical chart
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LNW Growth Metrics
Light & Wonder, Inc. (LNW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.96%
5 Years5.95%
3 Years13.98%
TTM1.87%
Profit CAGR
10 Years-
5 Years-
3 Years-3.25%
TTM35.25%
EPS CAGR
10 Years-
5 Years-
3 Years-0.8%
TTM27.86%
Return on Capital
10 Years2.99%
5 Years5.33%
3 Years9.52%
Last Year14%
LNW Recent Earnings
Light & Wonder, Inc. (LNW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 5/12 qtrs (45%)
Q1 2026Latest
Feb 24, 2026EPS
$1.92
Est $1.77
+8.5%
Revenue
$890M
Q4 2025
Nov 5, 2025EPS
$1.81
Est $1.35
+34.1%
Revenue
$841M
Est $867M
-3.0%
Q3 2025
Aug 6, 2025EPS
$1.58
Est $1.44
+9.7%
Revenue
$809M
Est $867M
-6.7%
Q2 2025
May 7, 2025EPS
$1.35
Est $1.17
+15.4%
Revenue
$774M
Est $805M
-3.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 24, 2026 | $1.92vs $1.77+8.5% | $890M |
| Q4 2025 | Nov 5, 2025 | $1.81vs $1.35+34.1% | $841Mvs $867M-3.0% |
| Q3 2025 | Aug 6, 2025 | $1.58vs $1.44+9.7% | $809Mvs $867M-6.7% |
| Q2 2025 | May 7, 2025 | $1.35vs $1.17+15.4% | $774Mvs $805M-3.9% |
Based on last 12 quarters of dataView full earnings history →
LNW Peer Comparison
Light & Wonder, Inc. (LNW) competitors in Gaming Equipment, Content and Services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ACEL | 927.49M | 11.37 | 18.95 | 8.12% | 3.79% | 18.97% | 2.30 | |
 DKNG | 11.86B | 23.92 | -2953.09 | 26.99% | 0.06% | 0.46% | 3.06 | |
 RSI | 2.98B | 27.86 | 199 | 22.76% | 2.98% | 12.91% | 0.06 | |
 PENN | 2.24B | 16.75 | -2.87 | 5.82% | -12.11% | -34.66% | 4.58 | |
 GENI | 1.08B | 4.40 | -10 | 31.04% | -16.67% | -15.51% | 0.04 | |
 MGM | 9.78B | 38.21 | 50.28 | 1.72% | 1.03% | 5.3% | 17.14 | |
 CZR | 5.65B | 27.76 | -11.47 | 2.14% | -4.19% | -12.62% | 7.15 | |
 WYNN | 11.22B | 107.57 | 34.26 | 0.14% | 4.59% |
Compare LNW vs Peers
Light & Wonder, Inc. (LNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LNW Income Statement
Light & Wonder, Inc. (LNW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.88B | 3.08B | 3.36B | 2.39B | 1.7B | 2.15B | 2.51B | 2.9B | 3.19B | 3.22B |
| Revenue Growth % | 4.52% | 6.94% | 9.07% | -29% | -28.85% | 26.72% | 16.67% | 15.53% | 9.86% | 1.87% |
| Cost of Goods Sold | 1.11B | 1.16B | 1.26B | 746M | 610M | 609M | 738M | 872M | 931M | 878M |
| COGS % of Revenue | 38.37% | 37.77% | 37.32% | 31.24% | 35.9% | 28.29% | 29.38% | 30.05% | 29.2% | - |
| Gross Profit | 1.78B▲ 0% | 1.92B▲ 8.0% | 2.11B▲ 9.8% | 1.64B▼ 22.1% | 1.09B▼ 33.7% | 1.54B▲ 41.8% | 1.77B▲ 14.9% | 2.03B▲ 14.4% | 2.26B▲ 11.2% | 2.34B▲ 0% |
| Gross Margin % | 61.63% | 62.23% | 62.68% | 68.76% | 64.1% | 71.71% | 70.62% | 69.95% | 70.8% | 72.74% |
| Gross Profit Growth % | 7.4% | 7.98% | 9.84% | -22.1% | -33.68% | 41.78% | 14.9% | 14.43% | 11.18% | - |
| Operating Expenses | 1.65B | 1.53B | 1.84B | 1.35B | 1.33B | 1.43B | 1.5B | 1.51B | 1.59B | 1.57B |
| OpEx % of Revenue | 57.1% | 49.49% | 54.77% | 56.62% | 78.52% | 66.6% | 59.75% | 52.1% | 49.84% | - |
| Selling, General & Admin | 577M | 613.1M | 696.9M | 619M | 627M | 679M | 717M | 808M | 872M | 859M |
| SG&A % of Revenue | 20.01% | 19.88% | 20.72% | 25.92% | 36.9% | 31.54% | 28.54% | 27.84% | 27.35% | - |
| Research & Development | 204.8M | 184.1M | 202.3M | 166M | 148M | 190M | 218M | 228M | 262M | 259M |
| R&D % of Revenue | 7.1% | 5.97% | 6.02% | 6.95% | 8.71% | 8.82% | 8.68% | 7.86% | 8.22% | - |
| Other Operating Expenses | 864.7M | 728.8M | 942.8M | 567M | 559M | 565M | 566M | 476M | 455M | 4M |
| Operating Income | 130.6M▲ 0% | 393.1M▲ 201.0% | 265.6M▼ 32.4% | 290M▲ 9.2% | -245M▼ 184.5% | 110M▲ 144.9% | 273M▲ 148.2% | 518M▲ 89.7% | 668M▲ 29.0% | 769M▲ 0% |
| Operating Margin % | 4.53% | 12.75% | 7.9% | 12.14% | -14.42% | 5.11% | 10.87% | 17.85% | 20.95% | 23.87% |
| Operating Income Growth % | 112.75% | 201% | -32.43% | 9.19% | -184.48% | 144.9% | 148.18% | 89.74% | 28.96% | - |
| EBITDA | 864.5M | 1.08B | 955.3M | 832M | 204M | 508M | 693M | 902M | 1.03B | 1.16B |
| EBITDA Margin % | 29.98% | 34.89% | 28.4% | 34.84% | 12.01% | 23.59% | 27.59% | 31.08% | 32.28% | 36.14% |
| EBITDA Growth % | 812.11% | 24.45% | -11.21% | -12.91% | -75.48% | 149.02% | 36.42% | 30.16% | 14.08% | 15.94% |
| D&A (Non-Cash Add-back) | 733.9M | 682.8M | 689.7M | 542M | 449M | 398M | 420M | 384M | 361M | 395M |
| EBIT | 176M | 374.9M | 260.5M | 212M | -301M | 184M | 164M | 514M | 714M | 799M |
| Net Interest Income | -661.4M | -610M | -597M | -589M | -503M | -478M | -327M | -309M | -293M | -299M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 0 | 0 |
| Interest Expense | 661.4M | 609.7M | 597.2M | 589M | 503M | 478M | 327M | 324M | 293M | 299M |
| Other Income/Expense | -609.3M | -620.9M | -604.9M | -667M | -559M | -404M | -436M | -313M | -247M | -269M |
| Pretax Income | -478.7M▲ 0% | -227.8M▲ 52.4% | -339.3M▼ 48.9% | -377M▼ 11.1% | -804M▼ 113.3% | -294M▲ 63.4% | -163M▲ 44.6% | 205M▲ 225.8% | 421M▲ 105.4% | 500M▲ 0% |
| Pretax Margin % | -16.6% | -7.39% | -10.09% | -15.79% | -47.32% | -13.66% | -6.49% | 7.06% | 13.21% | 15.52% |
| Income Tax | -125M | 14.5M | 13.1M | -47M | -3M | -318M | 13M | 25M | 85M | 101M |
| Effective Tax Rate % | 26.11% | -6.37% | -3.86% | 12.47% | 0.37% | 108.16% | -7.98% | 12.2% | 20.19% | 20.2% |
| Net Income | -353.7M▲ 0% | -242.3M▲ 31.5% | -352.4M▼ 45.4% | -130M▲ 63.1% | -569M▼ 337.7% | 371M▲ 165.2% | 3.67B▲ 890.6% | 163M▼ 95.6% | 336M▲ 106.1% | 399M▲ 0% |
| Net Margin % | -12.27% | -7.86% | -10.48% | -5.44% | -33.49% | 17.23% | 146.3% | 5.62% | 10.54% | 12.39% |
| Net Income Growth % | 74.63% | 31.5% | -45.44% | 63.11% | -337.69% | 165.2% | 890.57% | -95.56% | 106.14% | 35.25% |
| Net Income (Continuing) | -353.7M | -242.3M | -352.4M | -330M | -801M | 24M | -176M | 180M | 336M | 399M |
| Discontinued Operations | 0 | 0 | 0 | 212M | 253M | 366M | 3.87B | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 104M | 129M | 150M | 171M | 0 | 0 | 0 |
| EPS (Diluted) | -4.05▲ 0% | -2.72▲ 32.8% | -3.87▼ 42.3% | -1.27▲ 67.2% | -5.77▼ 354.3% | 3.77▲ 165.3% | -1.85▼ 149.1% | 1.75▲ 194.6% | 3.68▲ 110.3% | 4.69▲ 0% |
| EPS Growth % | 75.05% | 32.84% | -42.28% | 67.18% | -354.33% | 165.34% | -149.07% | 194.59% | 110.29% | 27.86% |
| EPS (Basic) | -4.05 | -2.72 | -3.87 | -1.27 | -5.79 | 3.86 | 38.78 | 1.79 | 3.77 | - |
| Diluted Shares Outstanding | 87.3M | 89M | 91M | 93M | 95M | 98M | 95M | 93M | 91M | 85M |
| Basic Shares Outstanding | 87.3M | 88.97M | 90.96M | 92.93M | 94.59M | 96M | 94.74M | 91M | 89M | 84M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
LNW Balance Sheet
Light & Wonder, Inc. (LNW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.12B | 1.88B | 1.37B | 1.61B | 2.18B | 1.73B | 1.69B | 1.31B | 1.18B | 1.32B |
| Cash & Short-Term Investments | 115.1M | 788.8M | 168M | 313M | 928M | 585M | 914M | 425M | 196M | 324M |
| Cash Only | 115.1M | 788.8M | 168M | 313M | 928M | 585M | 914M | 425M | 196M | 324M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 620.4M | 684.4M | 713M | 755M | 438M | 423M | 455M | 506M | 585M | 707M |
| Days Sales Outstanding | 78.53 | 81.01 | 77.38 | 115.4 | 94.1 | 71.71 | 66.11 | 63.64 | 66.98 | 72.64 |
| Inventory | 242.3M | 243.1M | 215.6M | 244M | 119M | 98M | 161M | 177M | 158M | 175M |
| Days Inventory Outstanding | 79.94 | 76.19 | 62.69 | 119.38 | 71.2 | 58.74 | 79.63 | 74.09 | 61.94 | 71.61 |
| Other Current Assets | 24.7M | 29M | 39M | 51M | 598M | 538M | 164M | 203M | 244M | 116M |
| Total Non-Current Assets | 5.97B | 5.85B | 6.35B | 6.19B | 5.8B | 6.15B | 4.32B | 4.24B | 4.24B | 5.19B |
| Property, Plant & Equipment | 612.2M | 568.2M | 547M | 605M | 294M | 264M | 253M | 288M | 330M | 396M |
| Fixed Asset Turnover | 4.71x | 5.43x | 6.15x | 3.95x | 5.78x | 8.16x | 9.93x | 10.08x | 9.66x | 8.86x |
| Goodwill | 2.89B | 2.96B | 3.28B | 3.28B | 2.73B | 2.89B | 2.92B | 2.94B | 2.89B | 3.36B |
| Intangible Assets | 2.18B | 1.94B | 2.09B | 1.77B | 1.23B | 1.06B | 942M | 763M | 615M | 1.03B |
| Long-Term Investments | 179.9M | 253.9M | 298M | 273M | 262M | 0 | 0 | 0 | 122M | 206M |
| Other Non-Current Assets | 112.9M | 126.7M | 130M | 262M | 1.18B | 1.58B | 87M | 103M | 52M | 472M |
| Total Assets | 7.09B▲ 0% | 7.73B▲ 9.0% | 7.72B▼ 0.1% | 7.81B▲ 1.2% | 7.98B▲ 2.2% | 7.88B▼ 1.3% | 6.01B▼ 23.8% | 5.55B▼ 7.6% | 5.42B▼ 2.4% | 6.51B▲ 0% |
| Asset Turnover | 0.41x | 0.40x | 0.44x | 0.31x | 0.21x | 0.27x | 0.42x | 0.52x | 0.59x | 0.54x |
| Asset Growth % | -8.34% | 9% | -0.1% | 1.18% | 2.24% | -1.26% | -23.77% | -7.61% | -2.36% | 28.77% |
| Total Current Liabilities | 692.4M | 739.8M | 747.3M | 766M | 832M | 974M | 622M | 696M | 735M | 621M |
| Accounts Payable | 188.9M | 190.4M | 225.1M | 226M | 150M | 204M | 154M | 241M | 216M | 162M |
| Days Payables Outstanding | 62.32 | 59.67 | 65.45 | 110.58 | 89.75 | 122.27 | 76.17 | 100.88 | 84.68 | 90.42 |
| Short-Term Debt | 49.3M | 40.3M | 45M | 45M | 44M | 44M | 24M | 22M | 23M | 69M |
| Deferred Revenue (Current) | 74.7M | 97.7M | 116M | 107M | 28M | 31M | 32M | 25M | 21M | 21M |
| Other Current Liabilities | 134.6M | 148.2M | 120M | 94M | 365M | 404M | 113M | 139M | 140M | 354M |
| Current Ratio | 1.61x | 2.54x | 1.83x | 2.11x | 2.62x | 1.78x | 2.72x | 1.88x | 1.61x | 1.61x |
| Quick Ratio | 1.26x | 2.21x | 1.54x | 1.79x | 2.48x | 1.68x | 2.46x | 1.63x | 1.39x | 1.39x |
| Cash Conversion Cycle | 96.15 | 97.53 | 74.62 | 124.21 | 75.55 | 8.18 | 69.57 | 36.85 | 44.24 | 53.83 |
| Total Non-Current Liabilities | 8.33B | 9.01B | 9.43B | 9.15B | 9.68B | 9.02B | 4.23B | 4.09B | 4.05B | 5.17B |
| Long-Term Debt | 8.02B | 8.74B | 8.99B | 8.68B | 9.26B | 8.65B | 3.87B | 3.85B | 3.85B | 4.89B |
| Capital Lease Obligations | 0 | 0 | 0 | 88M | 43M | 40M | 37M | 39M | 31M | 122M |
| Deferred Tax Liabilities | 70.2M | 73.1M | 107.6M | 91M | 46M | 35M | 87M | 20M | 12M | 50M |
| Other Non-Current Liabilities | 235.6M | 203.1M | 334M | 292M | 328M | 294M | 232M | 180M | 160M | 774M |
| Total Liabilities | 9.02B | 9.75B | 10.18B | 9.92B | 10.51B | 9.99B | 4.85B | 4.79B | 4.79B | 5.79B |
| Total Debt | 8.07B | 8.78B | 9.04B | 8.84B | 9.36B | 8.75B | 3.95B | 3.93B | 3.92B | 4.99B |
| Net Debt | 7.96B | 7.99B | 8.87B | 8.53B | 8.43B | 8.16B | 3.03B | 3.51B | 3.72B | 4.67B |
| Debt / Equity | - | - | - | - | - | - | 3.40x | 5.14x | 6.16x | 6.16x |
| Debt / EBITDA | 9.34x | 8.16x | 9.46x | 10.62x | 45.89x | 17.22x | 5.70x | 4.36x | 3.81x | 4.29x |
| Net Debt / EBITDA | 9.21x | 7.42x | 9.28x | 10.25x | 41.34x | 16.06x | 4.38x | 3.89x | 3.62x | 3.62x |
| Interest Coverage | 0.20x | 0.64x | 0.44x | 0.49x | -0.49x | 0.23x | 0.83x | 1.60x | 2.28x | 2.67x |
| Total Equity | -1.94B▲ 0% | -2.03B▼ 4.7% | -2.46B▼ 21.5% | -2.11B▲ 14.4% | -2.52B▼ 19.7% | -2.11B▲ 16.6% | 1.16B▲ 155.1% | 765M▼ 34.1% | 636M▼ 16.9% | 723M▲ 0% |
| Equity Growth % | -29.43% | -4.72% | -21.51% | 14.41% | -19.73% | 16.56% | 155.13% | -34.11% | -16.86% | -69.03% |
| Book Value per Share | -22.17 | -22.78 | -27.07 | -22.67 | -26.57 | -21.49 | 12.22 | 8.23 | 6.99 | 8.51 |
| Total Shareholders' Equity | -1.94B | -2.03B | -2.46B | -2.21B | -2.65B | -2.26B | 990M | 765M | 636M | 723M |
| Common Stock | 1M | 1.1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | -2.22B | -2.46B | -2.82B | -2.95B | -3.53B | -3.16B | 517M | 680M | 1.02B | 1.31B |
| Treasury Stock | -175.2M | -175.2M | -175M | -175M | -175M | -175M | -580M | -751M | -1.22B | -1.6B |
| Accumulated OCI | -333.6M | -199.7M | -300M | -292M | -218M | -261M | -318M | -283M | -365M | -244M |
| Minority Interest | 0 | 0 | 0 | 104M | 129M | 150M | 171M | 0 | 0 | 0 |
LNW Cash Flow Statement
Light & Wonder, Inc. (LNW) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 419M | 507.1M | 346.1M | 546M | 471M | 685M | -381M | 590M | 632M | 632M |
| Operating CF Margin % | 14.53% | 16.45% | 10.29% | 22.86% | 27.72% | 31.82% | -15.17% | 20.33% | 19.82% | - |
| Operating CF Growth % | 1.16% | 21.03% | -31.75% | 57.76% | -13.74% | 45.44% | -155.62% | 254.86% | 7.12% | 60.25% |
| Net Income | -353.7M | -242.3M | -352.4M | -118M | -548M | 390M | 3.7B | 180M | 336M | 399M |
| Depreciation & Amortization | 738.7M | 682.8M | 689.7M | 647M | 449M | 398M | 420M | 384M | 361M | 0 |
| Stock-Based Compensation | 35.3M | 27.2M | 43.9M | 37M | 56M | 113M | 69M | 118M | 110M | 0 |
| Deferred Taxes | -164.6M | -5.7M | -33.3M | -21M | -27M | -342M | -29M | -84M | -108M | 0 |
| Other Non-Cash Items | 97.6M | 71.5M | 128.8M | 142M | 420M | -17M | -3.65B | 74M | 9M | 470M |
| Working Capital Changes | 65.7M | -26.4M | -130.6M | -141M | 121M | 143M | -892M | -82M | -76M | -193M |
| Change in Receivables | -17.2M | -62.3M | 102.1M | 39M | 137M | 19M | -35M | -68M | -148M | 0 |
| Change in Inventory | 2.5M | -2.2M | 23.7M | -20M | 4M | 9M | -65M | -29M | 2M | 0 |
| Change in Payables | 14.7M | 64.5M | -125.8M | -19M | -31M | 91M | -74M | 65M | 59M | 0 |
| Cash from Investing | -231.7M | -414.6M | -798.1M | -263M | -173M | -442M | 6.12B | -251M | -258M | -1.11B |
| Capital Expenditures | -272.9M | -293.7M | -390.8M | -285M | -137M | -171M | -216M | -242M | -294M | -288M |
| CapEx % of Revenue | 9.46% | 9.52% | 11.62% | 11.93% | 8.06% | 7.94% | 8.6% | 8.34% | 9.22% | - |
| Acquisitions | -1.2M | -165M | -477M | -1M | -13M | -186M | -136M | -4M | -5M | -5M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 42.4M | 44.1M | 69.7M | 23M | -47M | -95M | 6.37B | -3M | 0 | -815M |
| Cash from Financing | -196M | 580.2M | -156.2M | -129M | 463M | -679M | -5.46B | -788M | -577M | 350M |
| Debt Issued (Net) | -139.7M | 642.3M | -90.4M | -397M | 507M | -577M | -4.93B | -34M | -11M | 1.07B |
| Equity Issued (Net) | 0 | -1000K | 0 | 1000K | 0 | 0 | -1000K | -1000K | -1000K | -4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -6.1M | -9.5M | -20.9M | 0 | 0 | 0 | -442M | -193M | -462M | -623M |
| Other Financing | -56.3M | -52.6M | -65.8M | -74M | -44M | -102M | -91M | -561M | -104M | -100M |
| Net Change in Cash | -13.6M▲ 0% | 677.2M▲ 5079.4% | -614.1M▼ 190.7% | 155M▲ 125.2% | 768M▲ 395.5% | -442M▼ 157.6% | 266M▲ 160.2% | -446M▼ 267.7% | -209M▲ 53.1% | -78M▲ 0% |
| Free Cash Flow | 146.1M▲ 0% | 213.4M▲ 46.1% | -44.7M▼ 120.9% | 261M▲ 683.9% | 334M▲ 28.0% | 514M▲ 53.9% | -597M▼ 216.1% | 348M▲ 158.3% | 338M▼ 2.9% | 389M▲ 0% |
| FCF Margin % | 5.07% | 6.92% | -1.33% | 10.93% | 19.66% | 23.87% | -23.77% | 11.99% | 10.6% | 12.08% |
| FCF Growth % | 61.26% | 46.06% | -120.95% | 683.89% | 27.97% | 53.89% | -216.15% | 158.29% | -2.87% | 24.28% |
| FCF per Share | 1.67 | 2.40 | -0.49 | 2.81 | 3.52 | 5.24 | -6.28 | 3.74 | 3.71 | 3.71 |
| FCF Conversion (FCF/Net Income) | -1.18x | -2.09x | -0.98x | -4.20x | -0.83x | 1.85x | -0.10x | 3.62x | 1.88x | 0.97x |
| Interest Paid | 621.5M | 575M | 633M | 549M | 471M | 453M | 351M | 306M | 286M | 80M |
| Taxes Paid | 21.9M | 38M | 33M | 41M | 22M | 38M | 692M | 147M | 164M | 140M |
LNW Key Ratios
Light & Wonder, Inc. (LNW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | - | - | - | 316.54% | 16.93% | 47.97% | 55.19% |
| Return on Invested Capital (ROIC) | 1.55% | 4.92% | 3.22% | 3.39% | -2.98% | 1.38% | 4% | 9.18% | 11.61% | 11.61% |
| Gross Margin | 61.63% | 62.23% | 62.68% | 68.76% | 64.1% | 71.71% | 70.62% | 69.95% | 70.8% | 72.74% |
| Net Margin | -12.27% | -7.86% | -10.48% | -5.44% | -33.49% | 17.23% | 146.3% | 5.62% | 10.54% | 12.39% |
| Debt / Equity | - | - | - | - | - | - | 3.40x | 5.14x | 6.16x | 6.16x |
| Interest Coverage | 0.20x | 0.64x | 0.44x | 0.49x | -0.49x | 0.23x | 0.83x | 1.60x | 2.28x | 2.67x |
| FCF Conversion | -1.18x | -2.09x | -0.98x | -4.20x | -0.83x | 1.85x | -0.10x | 3.62x | 1.88x | 0.97x |
| Revenue Growth | 4.52% | 6.94% | 9.07% | -29% | -28.85% | 26.72% | 16.67% | 15.53% | 9.86% | 1.87% |
LNW SEC Filings & Documents
Light & Wonder, Inc. (LNW) SEC filings — annual & quarterly reports (10-K, 10-Q)
LNW Frequently Asked Questions
Light & Wonder, Inc. (LNW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Light & Wonder, Inc. (LNW) reported $3.22B in revenue for fiscal year 2024. This represents a 2002% increase from $153.2M in 1995.
Light & Wonder, Inc. (LNW) grew revenue by 9.9% over the past year. This is steady growth.
Yes, Light & Wonder, Inc. (LNW) is profitable, generating $399.0M in net income for fiscal year 2024 (10.5% net margin).
Dividend & Returns
Light & Wonder, Inc. (LNW) has a return on equity (ROE) of 48.0%. This is excellent, indicating efficient use of shareholder capital.
Light & Wonder, Inc. (LNW) generated $389.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Light & Wonder, Inc. (LNW) financial analysis — history, returns, DCA and operating performance tools
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