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%
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) Return on invested capital

Alert me on Return on invested capital

Light & Wonder, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 8.11%, down 0.2 percentage points from fiscal 2025 (8.29%). Over the past ten years it has ranged from −9.76% (fiscal 2015) to 9.94% (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 3.42%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 8.29% (1.65)
FY2024 9.94% 2.09
FY2023 7.85% 3.68
FY2022 4.17% 3.02
FY2021 1.15% 3.79
FY2020 −2.64% (5.54)
FY2019 2.90% 0.29
FY2018 2.61% (1.54)
FY2017 4.15% 2.79
FY2016 1.36% 11.12

Against its own ten years

Low −9.76% High 9.94%
Ten-year median 2.90%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
SGHC Super Group (SGHC) Limited compare 101.2%
ACEL Accel Entertainment, Inc. compare 12.7%
CHDN Churchill Downs, Incorporated compare 8.20%
LNWO Light & Wonder, Inc. 8.11%
BRSL Brightstar Lottery compare 6.38%
CDRO Codere Online Luxembourg, S.A. compare 0.00%
RSI Rush Street Interactive, Inc. compare 0.00%
FLUT Flutter Entertainment PLC compare −3.05%
DKNG DraftKings Inc. compare −11.2%
Gambling industry median 0.00%
Consumer Cyclical sector median 3.42%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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