Stocktoria
Light & Wonder, Inc. LNWO
Light & Wonder, Inc. (LNWO) earns a Piotroski F-score of 4/9 (mixed financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2025 revenue was $3.3B at a 8.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.72 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 4/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.074 |
| Retained earnings / assets | 0.2 |
| EBIT / assets | 0.106 |
| Equity / liabilities | 0.039 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| LNWO | Light & Wonder, Inc. | 4/9 | 1.89 | — | +4% |
| JKHY | JACK HENRY & ASSOCIATES INC | 7/9 | 7.63 | 21 | +7.2% |
| UIS | UNISYS CORP | 1/9 | -2.99 | — | -2.9% |
| GDDY | GoDaddy Inc. | 5/9 | -1.1 | 12.8 | +8.3% |
| OTEX | OPEN TEXT CORP | 4/9 | 1.05 | 11.5 | +1.5% |
| WAY | Waystar Holding Corp. | 5/9 | 2.47 | 31.5 | +16.5% |
| NTCT | NETSCOUT SYSTEMS INC | 6/9 | 3.95 | 31.1 | +4.5% |
About Light & Wonder, Inc.
Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. It operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals and video lottery terminals, including conversion kits and spare parts. This segment also leases or provides gaming content, gaming machines, and server-based system; electronic pull-tabs and related services to charitable gaming entities; sells and supports casino-management system based software and hardware; licenses proprietary table games content; and supplies Shufflers and other table product utilities to commercial, tribal, and governmental gaming operators. The SciPlay segment develops, markets, and operates a portfolio of social games on various online platforms. The iGaming segment provides a suite of digital gaming content, distribution platforms, player account management systems, and other iGaming content and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators full control over various areas of digital gaming operations. It also supplies, maintains, and sells table game products, including automatic card shufflers, deck checkers, table roulette chip sorters and other land-based table gaming equipment; and sells virtual coins, chips, or bingo cards, which players can use to play casino-style slot games, table games, and bingo games. Light & Wonder, Inc. was incorporated in 1984 and is headquartered in Las Vegas, Nevada.
FAQ
Is LNWO financially healthy?
Light & Wonder, Inc.'s Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does LNWO pay a dividend?
No, Light & Wonder, Inc. does not currently pay a dividend.
How profitable is LNWO?
In FY2025, Light & Wonder, Inc. had a net margin of 8.3% and a return on equity of 112.7%.
Is LNWO overvalued or undervalued?
Light & Wonder, Inc. trades at about 27.5× trailing earnings — above its 10-year norm (10-year range 1.7×–45.9×, median 23.9×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for LNWO?
The average Wall-Street price target for Light & Wonder, Inc. is $122.35, about 36.5% above the recent price, from 5 analysts.
Is LNWO a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Light & Wonder, Inc.: a Piotroski F-score of 4/9, an Altman Z″ in the grey zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.