Light & 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

80.06 2.42 −2.93%
Market cap
$7.0B
P/E
21.8×
Fwd P/E
16.5×
Dividend yield
—
F-score
5/9
Altman Z
2.06
Beneish M
−2.72
Dividend safety
n/a

Light & Wonder, Inc. (LNWO) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Light & Wonder, Inc. (LNWO) trades at a EV/FCF of 21.0×. Over the past ten years it has ranged from −210× (July 2018) to 662× (November 2023); the current reading is higher than 22% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 33.3× (23.55%)
FY2024 43.5× 8.79%
FY2023 40.0× —
FY2022 −12.5× —
FY2021 33.3× (30.88%)
FY2020 48.2× 7.76%
FY2019 44.7× —
FY2018 −124× —
FY2017 86.4× (21.27%)
FY2016 110× (77.74%)

Quarterly newest first

Period EV/FCF Change
Sep 2026 20.1× (12.22%)
Jun 2026 22.9× (30.33%)
Mar 2026 32.9× (1.24%)
Dec 2025 33.3× (11.75%)
43 more quarters

Against its own ten years

Low −210× High 662×
Ten-year median 43.4×
Current reading's percentile 1

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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