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
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Light & Wonder, Inc. (LNWO) 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 | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| FLUT Flutter Entertainment PLC compare | $1.2B |
| LNWO Light & Wonder, Inc. | $935.0M |
| CHDN Churchill Downs, Incorporated compare | $529.9M |
| DKNG DraftKings Inc. compare | $497.1M |
| SGHC Super Group (SGHC) Limited compare | $319.0M |
| RSI Rush Street Interactive, Inc. compare | $180.0M |
| ACEL Accel Entertainment, Inc. compare | $108.0M |
| CDRO Codere Online Luxembourg, S.A. compare | $33.0M |
| BRSL Brightstar Lottery compare | −$2.2B |
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)
More on LNWO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement