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Friday 6 November 2026 Export LNWO’s income statement to Excel — free account

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

81.60 0.88 −1.07%
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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

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

Alert me on EV/Sales

As of 5 November 2026, Light & Wonder, Inc. (LNWO) trades at a EV/Sales of 3.3×. Over the past ten years it has ranged from 2.7× (September 2022) to 11.0× (September 2021); the current reading is higher than 26% of that period. That is above the Gambling industry median of 1.4× and above the Consumer Cyclical sector median of 1.0×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.1× 15.06%
FY2024 3.5× (4.66%)
FY2023 3.7× 9.99%
FY2022 3.4× (49.96%)
FY2021 6.7× (6.89%)
FY2020 7.2× 58.95%
FY2019 4.5× 46.14%
FY2018 3.1× (22.75%)
FY2017 4.0× 26.75%
FY2016 3.2× (0.77%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 3.2× (2.13%)
Jun 2026 3.3× (4.67%)
Mar 2026 3.4× (16.04%)
Dec 2025 4.1× 12.10%
43 more quarters

Against its own ten years

Low 2.7× High 11.0×
Ten-year median 3.7×
Current reading's percentile 28

EV/Sales against peers

Company EV/Sales
CDRO Codere Online Luxembourg, S.A. compare −0.4×
RSI Rush Street Interactive, Inc. compare 0.7×
ACEL Accel Entertainment, Inc. compare 1.0×
FLUT Flutter Entertainment PLC compare 1.3×
DKNG DraftKings Inc. compare 1.9×
SGHC Super Group (SGHC) Limited compare 2.1×
BRSL Brightstar Lottery compare 2.4×
LNWO Light & Wonder, Inc. 3.3×
CHDN Churchill Downs, Incorporated compare 3.8×
Gambling industry median 1.4×
Consumer Cyclical sector median 1.0×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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