Stocktoria

Light & Wonder, Inc. LNWO

Light & Wonder, Inc. statistics & valuation

Profitability & efficiency

Net margin (%)
-12.30% -7.80% -10.50% -5.40% -33.50% 17.20% 146.30% 5.60% 10.50% 8.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
4.50% 12.80% 7.90% 12.10% -14.40% 5.10% 10.90% 17.80% 21.00% 20.60% 2016201720182019202020212022202320242025
Return on equity (%)
316.50% 21.30% 52.80% 112.70% 2016201720182019202020212022202320242025
Shares outstanding
88.0M 90.0M 92.0M 94.0M 95.0M 98.0M 95.0M 93.0M 91.0M 85.0M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-5.00% -3.10% -4.60% -1.70% -7.10% 4.70% 61.20% 2.90% 6.20% 4.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$4.05 -$2.72 -$3.87 -$1.40 -$6.02 $3.77 $38.78 $1.75 $3.68 $3.26 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Light & Wonder, Inc. trades at about 23.7× earnings — near its 10-year norm (10-year range 1.7×–45.9×, median 23.9×).

1.7× 45.9×

Shaded band = 10-year range (1.7×–45.9×); dot = today's 23.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin20.6%21.0%17.8%10.9%5.1%-14.4%12.1%7.9%12.8%4.5%
Net margin8.3%10.5%5.6%146.3%17.2%-33.5%-5.4%-10.5%-7.8%-12.3%
Return on assets4.3%6.2%2.9%61.2%4.7%-7.1%-1.7%-4.6%-3.1%-5.0%
Return on equity112.7%52.8%21.3%316.5%-16.4%21.4%6.2%14.3%11.9%18.3%
Current ratio1.601.611.882.721.782.622.111.832.541.61

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.