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

82.48 6.87 −7.69%
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) Free cash flow

Alert me on Free cash flow

Light & Wonder, Inc.'s free cash flow for fiscal 2025 was $484.0M, up 43.2% from $338.0M in fiscal 2024. Over the twelve months to 30 September 2026 it was $935.0M. Over the past ten years it has ranged from −$597.0M (fiscal 2022) to $514.0M (fiscal 2021); the current reading is higher than 91% of that period. Light & Wonder, Inc. ranks 2nd of 15 Gambling companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $484.0M 43.20%
FY2024 $338.0M (2.87%)
FY2023 $348.0M —
FY2022 −$597.0M —
FY2021 $514.0M 53.89%
FY2020 $334.0M 3.73%
FY2019 $322.0M —
FY2018 −$5.0M —
FY2017 $223.0M 36.98%
FY2016 $162.8M 67.32%

Quarterly newest first

Period Free cash flow Change
Sep 2026 $236.0M 49.37%
Jun 2026 $158.0M 143.08%
Mar 2026 $65.0M (71.37%)
Dec 2025 $227.0M 116.19%
43 more quarters

Against its own ten years

Low −$597.0M High $514.0M
Ten-year median $322.0M
Current reading's percentile 91

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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