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) Operating cash flow

Alert me on Operating cash flow

Light & Wonder, Inc.'s operating cash flow for fiscal 2025 was $794.0M, up 25.6% from $632.0M in fiscal 2024. Over the twelve months to 30 September 2026 it was $935.0M. Over the past ten years it has ranged from −$381.0M (fiscal 2022) to $794.0M (fiscal 2025) — the current reading is the highest in ten years. Operating cash flow has risen for 3 consecutive fiscal years. Light & Wonder, Inc. ranks 2nd of 15 Gambling companies by operating cash flow.

Operating cash flow, annual

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Annual newest first

Period Operating cash flow Change
FY2025 $794.0M 25.63%
FY2024 $632.0M 7.12%
FY2023 $590.0M —
FY2022 −$381.0M —
FY2021 $685.0M 45.44%
FY2020 $471.0M (13.74%)
FY2019 $546.0M 57.80%
FY2018 $346.0M (31.76%)
FY2017 $507.0M 21.00%
FY2016 $419.0M 1.16%

Quarterly newest first

Period Operating cash flow Change
Sep 2026 $236.0M (2.07%)
Jun 2026 $241.0M 73.38%
Mar 2026 $139.0M (56.43%)
Dec 2025 $319.0M 73.37%
43 more quarters

Against its own ten years

Low −$381.0M High $794.0M
Ten-year median $507.0M
Current reading's percentile 100

Operating cash flow against peers

What Operating cash flow is

Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.

Reported line item

The full definition of Operating cash flow →

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