stockrowLight & Wonder, Inc.
LNWO Consumer Cyclical Gambling
Light & Wonder, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 3.95% from fiscal 2024.
- Revenue
- −2.02%
- EPS
- +27.0%
- Free cash flow
- +124.8%
- Total debt
- +0.79%
Quarter to September 2026, against a year earlier
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Light & Wonder, Inc. (LNWO) Debt to equity
Light & Wonder, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 11.8×, down 9.3× from fiscal 2025 (21.1×). Over the past ten years it has ranged from −5.5× (fiscal 2015) to 21.1× (fiscal 2025) — the current reading is the highest in ten years. That is above the Gambling industry median of 0.2× and above the Consumer Cyclical sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 21.1× | 246.32% |
| FY2024 | 6.1× | 20.16% |
| FY2023 | 5.1× | 50.99% |
| FY2022 | 3.4× | — |
| FY2021 | −4.1× | — |
| FY2020 | −3.7× | — |
| FY2019 | −4.1× | — |
| FY2018 | −3.7× | — |
| FY2017 | −4.3× | — |
| FY2016 | −4.2× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 11.8× | (30.71%) |
| Jun 2026 | 17.0× | 2.82% |
| Mar 2026 | 16.5× | (21.57%) |
| Dec 2025 | 21.1× | 208.30% |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| RSI Rush Street Interactive, Inc. compare | 0.0× |
| CDRO Codere Online Luxembourg, S.A. compare | 0.0× |
| SGHC Super Group (SGHC) Limited compare | 0.0× |
| FLUT Flutter Entertainment PLC compare | 1.5× |
| ACEL Accel Entertainment, Inc. compare | 1.9× |
| BRSL Brightstar Lottery compare | 2.2× |
| DKNG DraftKings Inc. compare | 3.2× |
| CHDN Churchill Downs, Incorporated compare | 3.4× |
| LNWO Light & Wonder, Inc. | 11.8× |
| Gambling industry median | 0.2× |
| Consumer Cyclical sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on LNWO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement