A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Unless otherwise specified or the context otherwise indicates, all references to the words “Light & Wonder,” “Light & Wonder, Inc.,” “we,” “us,” “our” and the “Company” refer to L&W and its consolidated subsidiaries. L&W is a leading cross-platform global games company with a focus on content and digital markets headquartered in Las Vegas, Nevada. Our portfolio of revenue-generating activities primarily includes supplying game content and gaming machines, CMSs and table game products and services to licensed gaming entities, and electronic pull-tabs and related services to charitable gaming entities; providing social casino and other online games, including casual gaming, to retail customers; and providing a comprehensive suite of digital gaming content, distribution platforms, player account management systems, as well as various other iGaming content and services.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.3B | 3.2B | 2.9B | 2.5B | 2.2B |
| Net Income | 276M | 276M | 336M | 163M | 3.7B | 371M |
| EPS | $3.26 | $3.26 | $3.68 | $1.75 | $38.78 | $3.77 |
| Free Cash Flow | 794M | 794M | 632M | 590M | -381M | 685M |
| ROIC | 9.8% | 11.1% | 12.9% | 11.9% | 75.6% | 5.8% |
| Gross Margin | 73.3% | 73.3% | 70.8% | 70.0% | 84.5% | 83.0% |
| Debt/Equity | 21.29 | 21.29 | 6.12 | 5.09 | 3.96 | -3.87 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 683M | 683M | 668M | 518M | 273M | 110M |
| Operating Margin | 20.6% | 20.6% | 21.0% | 17.8% | 10.9% | 5.1% |
| ROE | 112.7% | 62.7% | 52.8% | 21.3% | 371.2% | - |
| Shares Outstanding | 85M | 85M | 91M | 93M | 95M | 98M |
Light & Wonder, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Light & Wonder, Inc. trades at 26.9x trailing earnings, compared to its 15-year median P/E of 23.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.4x vs a median of 10.2x. The company's 5-year average ROIC is 23.5% with a gross margin of 76.3%. Total shareholder yield (buybacks) is 11.9%. At current prices, the estimated annualized return to fair value is +16.3%.
Light & Wonder, Inc. (LNWO) has a current P/E ratio of 26.9, compared to its historical median P/E of 23.4. The stock is currently considered Fair based on its historical valuation range.
Light & Wonder, Inc. (LNWO) has a 5-year average return on invested capital (ROIC) of 23.5%. This indicates strong capital allocation and a potential competitive advantage.
Light & Wonder, Inc. (LNWO) has a market capitalization of $7.4B. It is classified as a mid-cap stock.
Light & Wonder, Inc. (LNWO) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 11.85%.
Based on historical P/E analysis, Light & Wonder, Inc. (LNWO) appears fair. The current P/E of 26.9 is 15% above its historical median of 23.4. The estimated fair value CAGR (P/E method) is 14.0%.
Light & Wonder, Inc. (LNWO) operates in the Services-Computer Integrated Systems Design industry, within the Technology sector.
Light & Wonder, Inc. (LNWO) reported annual revenue of $3.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Light & Wonder, Inc. (LNWO) has a net profit margin of 8.3%. This is a modest margin.
Light & Wonder, Inc. (LNWO) generated $794 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Light & Wonder, Inc. (LNWO) has a debt-to-equity ratio of 21.29. This indicates higher leverage, which may increase financial risk.
Light & Wonder, Inc. (LNWO) reported earnings per share (EPS) of $3.26 in its most recent fiscal year.
Light & Wonder, Inc. (LNWO) has a return on equity (ROE) of 62.7%. This indicates the company generates strong returns for shareholders.
Light & Wonder, Inc. (LNWO) has a 5-year average gross margin of 76.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for Light & Wonder, Inc. (LNWO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Light & Wonder, Inc. (LNWO) has a book value per share of $2.89, based on its most recent annual SEC filing.