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%

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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

Light & Wonder, Inc. (LNWO) P/E ratio

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As of 5 November 2026, Light & Wonder, Inc. (LNWO) trades at a P/E ratio of 21.8×. Over the past ten years it has ranged from 0.0× (September 2021) to 64.1× (November 2023); the current reading is higher than 75% of that period. That is above the Gambling industry median of 15.2× and above the Consumer Cyclical sector median of 18.1×.

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<iframe src="https://stockrow.com/embed/LNWO/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Light &amp; Wonder, Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/LNWO/metrics/pe-ratio">Light &amp; Wonder, Inc. (LNWO) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	31.5×	37.59%
FY2024	22.9×	(49.17%)
FY2023	45.1×	2,898.39%
FY2022	1.5×	(91.34%)
FY2021	17.4×	—
FY2020	0.0×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Sep 2026	20.1×	(11.55%)
Jun 2026	22.7×	(18.66%)
Mar 2026	27.9×	(11.35%)
Dec 2025	31.5×	75.77%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 64.1×

Ten-year median 0.0×

Current reading's percentile 45

Company	P/E ratio
FLUT Flutter Entertainment PLC compare	n/m
CDRO Codere Online Luxembourg, S.A. compare	n/m
DKNG DraftKings Inc. compare	n/m
BRSL Brightstar Lottery compare	7.7×
SGHC Super Group (SGHC) Limited compare	14.0×
CHDN Churchill Downs, Incorporated compare	15.2×
ACEL Accel Entertainment, Inc. compare	17.6×
LNWO Light & Wonder, Inc.	21.8×
RSI Rush Street Interactive, Inc. compare	24.3×
Gambling industry median	15.2×
Consumer Cyclical sector median	18.1×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Light & Wonder, Inc. (LNWO) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LNWO

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LNWO

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