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

82.48 6.87 −7.69%

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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) Price to free cash flow

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As of 5 November 2026, Light & Wonder, Inc. (LNWO) trades at a price to free cash flow of 11.9×. Over the past ten years it has ranged from 0.0× (September 2023) to 485× (November 2023); the current reading is higher than 33% of that period. That is below the Gambling industry median of 15.2× and below the Consumer Cyclical sector median of 12.9×.

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

Period	Price to free cash flow	Change
FY2025	21.1×	(28.86%)
FY2024	29.7×	8.14%
FY2023	27.5×	—
FY2022	0.0×	—
FY2021	14.8×	(4.64%)
FY2020	15.5×	50.80%
FY2019	10.3×	—
FY2018	0.0×	—
FY2017	31.0×	111.67%
FY2016	14.7×	(65.96%)

Period	Price to free cash flow	Change
Sep 2026	11.0×	(12.75%)
Jun 2026	12.6×	(32.54%)
Mar 2026	18.7×	(11.58%)
Dec 2025	21.1×	(7.14%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 485×

Ten-year median 18.4×

Current reading's percentile 33

Company	Price to free cash flow
BRSL Brightstar Lottery compare	n/m
CDRO Codere Online Luxembourg, S.A. compare	n/m
RSI Rush Street Interactive, Inc. compare	7.6×
ACEL Accel Entertainment, Inc. compare	10.4×
LNWO Light & Wonder, Inc.	11.9×
SGHC Super Group (SGHC) Limited compare	18.3×
CHDN Churchill Downs, Incorporated compare	22.1×
DKNG DraftKings Inc. compare	23.4×
FLUT Flutter Entertainment PLC compare	28.9×
Gambling industry median	15.2×
Consumer Cyclical sector median	12.9×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Light & Wonder, Inc. (LNWO) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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