stockrowLight & 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
Follow LNWO
Alert me
Light & Wonder, Inc. (LNWO) Operating margin
Light & Wonder, Inc.'s operating margin over the twelve months to 30 September 2026 was 20.3%, down 0.3 percentage points from fiscal 2025 (20.6%). Over the past ten years it has ranged from −37.1% (fiscal 2015) to 21.0% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Gambling industry median of 0.00% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 20.6% | (0.34) |
| FY2024 | 21.0% | 3.10 |
| FY2023 | 17.9% | 6.98 |
| FY2022 | 10.9% | 5.76 |
| FY2021 | 5.11% | 19.53 |
| FY2020 | −14.4% | (26.56) |
| FY2019 | 12.1% | 4.23 |
| FY2018 | 7.91% | (4.87) |
| FY2017 | 12.8% | 8.25 |
| FY2016 | 4.53% | 41.67 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 29.4% | 2.44 |
| Jun 2026 | 26.9% | 10.47 |
| Mar 2026 | 16.5% | 7.25 |
| Dec 2025 | 9.21% | (18.02) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CHDN Churchill Downs, Incorporated compare | 25.5% |
| BRSL Brightstar Lottery compare | 24.0% |
| SGHC Super Group (SGHC) Limited compare | 22.7% |
| LNWO Light & Wonder, Inc. | 20.3% |
| RSI Rush Street Interactive, Inc. compare | 10.9% |
| ACEL Accel Entertainment, Inc. compare | 8.25% |
| CDRO Codere Online Luxembourg, S.A. compare | 0.00% |
| DKNG DraftKings Inc. compare | −2.93% |
| FLUT Flutter Entertainment PLC compare | −5.79% |
| Gambling industry median | 0.00% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on LNWO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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