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) P/S ratio

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As of 5 November 2026, Light & Wonder, Inc. (LNWO) trades at a P/S ratio of 1.9×. Over the past ten years it has ranged from 0.1× (February 2016) to 5.5× (September 2021); the current reading is higher than 51% of that period. That is above the Gambling industry median of 0.9× and above the Consumer Cyclical sector median of 0.7×.

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

Period	P/S ratio	Change
FY2025	2.6×	7.07%
FY2024	2.4×	(5.22%)
FY2023	2.5×	15.76%
FY2022	2.2×	(26.24%)
FY2021	3.0×	28.45%
FY2020	2.3×	122.45%
FY2019	1.0×	115.56%
FY2018	0.5×	(66.51%)
FY2017	1.4×	240.74%
FY2016	0.4×	51.77%

Period	P/S ratio	Change
Sep 2026	1.7×	(2.72%)
Jun 2026	1.8×	(7.69%)
Mar 2026	1.9×	(24.83%)
Dec 2025	2.6×	17.94%
43 more quarters	Free account

Against its own ten years

Low 0.1× High 5.5×

Ten-year median 1.8×

Current reading's percentile 47

Company	P/S ratio
CDRO Codere Online Luxembourg, S.A. compare	n/m
BRSL Brightstar Lottery compare	0.7×
ACEL Accel Entertainment, Inc. compare	0.8×
FLUT Flutter Entertainment PLC compare	0.8×
RSI Rush Street Interactive, Inc. compare	0.9×
DKNG DraftKings Inc. compare	1.9×
LNWO Light & Wonder, Inc.	1.9×
CHDN Churchill Downs, Incorporated compare	2.3×
SGHC Super Group (SGHC) Limited compare	2.4×
Gambling industry median	0.9×
Consumer Cyclical sector median	0.7×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on LNWO

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on LNWO

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