Light & Wonder, Inc. (LNW)
NASDAQ: LNW · Real-Time Price · USD
84.69
-0.46 (-0.54%)
Oct 3, 2025, 4:00 PM EDT - Market closed

Light & Wonder Statistics

Total Valuation

Light & Wonder has a market cap or net worth of $7.05 billion. The enterprise value is $11.82 billion.

Market Cap7.05B
Enterprise Value 11.82B

Important Dates

The next estimated earnings date is Tuesday, November 11, 2025, after market close.

Earnings Date Nov 11, 2025
Ex-Dividend Date n/a

Share Statistics

Light & Wonder has 83.30 million shares outstanding. The number of shares has decreased by -4.87% in one year.

Current Share Class 83.30M
Shares Outstanding 83.30M
Shares Change (YoY) -4.87%
Shares Change (QoQ) -1.15%
Owned by Insiders (%) 0.61%
Owned by Institutions (%) 68.90%
Float 75.38M

Valuation Ratios

The trailing PE ratio is 21.45 and the forward PE ratio is 12.82.

PE Ratio 21.45
Forward PE 12.82
PS Ratio 2.29
Forward PS 1.93
PB Ratio 10.13
P/TBV Ratio n/a
P/FCF Ratio 21.31
P/OCF Ratio 11.55
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.88, with an EV/FCF ratio of 35.72.

EV / Earnings 33.88
EV / Sales 3.70
EV / EBITDA 10.88
EV / EBIT 14.97
EV / FCF 35.72

Financial Position

The company has a current ratio of 1.77, with a Debt / Equity ratio of 6.99.

Current Ratio 1.77
Quick Ratio 1.18
Debt / Equity 6.99
Debt / EBITDA 4.41
Debt / FCF 14.82
Interest Coverage 2.73

Financial Efficiency

Return on equity (ROE) is 46.91% and return on invested capital (ROIC) is 9.58%.

Return on Equity (ROE) 46.91%
Return on Assets (ROA) 8.21%
Return on Invested Capital (ROIC) 9.58%
Return on Capital Employed (ROCE) 13.64%
Revenue Per Employee $469,853
Profits Per Employee $51,324
Employee Count6,800
Asset Turnover 0.53
Inventory Turnover 4.85

Taxes

In the past 12 months, Light & Wonder has paid $92.00 million in taxes.

Income Tax 92.00M
Effective Tax Rate 20.86%

Stock Price Statistics

The stock price has decreased by -3.48% in the last 52 weeks. The beta is 1.45, so Light & Wonder's price volatility has been higher than the market average.

Beta (5Y) 1.45
52-Week Price Change -3.48%
50-Day Moving Average 89.14
200-Day Moving Average 90.86
Relative Strength Index (RSI) 40.50
Average Volume (20 Days) 1,030,164

Short Selling Information

The latest short interest is 6.04 million, so 7.25% of the outstanding shares have been sold short.

Short Interest 6.04M
Short Previous Month 5.88M
Short % of Shares Out 7.25%
Short % of Float 8.01%
Short Ratio (days to cover) 5.68

Income Statement

In the last 12 months, Light & Wonder had revenue of $3.20 billion and earned $349.00 million in profits. Earnings per share was $3.95.

Revenue3.20B
Gross Profit 2.29B
Operating Income 790.00M
Pretax Income 441.00M
Net Income 349.00M
EBITDA 1.09B
EBIT 790.00M
Earnings Per Share (EPS) $3.95
Full Income Statement

Balance Sheet

The company has $136.00 million in cash and $4.91 billion in debt, giving a net cash position of -$4.77 billion or -$57.25 per share.

Cash & Cash Equivalents 136.00M
Total Debt 4.91B
Net Cash -4.77B
Net Cash Per Share -$57.25
Equity (Book Value) 702.00M
Book Value Per Share 8.36
Working Capital 540.00M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $611.00 million and capital expenditures -$280.00 million, giving a free cash flow of $331.00 million.

Operating Cash Flow 611.00M
Capital Expenditures -280.00M
Free Cash Flow 331.00M
FCF Per Share $3.97
Full Cash Flow Statement

Margins

Gross margin is 71.67%, with operating and profit margins of 24.73% and 10.92%.

Gross Margin 71.67%
Operating Margin 24.73%
Pretax Margin 13.80%
Profit Margin 10.92%
EBITDA Margin 34.02%
EBIT Margin 24.73%
FCF Margin 10.36%

Dividends & Yields

Light & Wonder does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 4.87%
Shareholder Yield 4.87%
Earnings Yield 4.95%
FCF Yield 4.69%
Dividend Details

Analyst Forecast

The average price target for Light & Wonder is $106.22, which is 25.42% higher than the current price. The consensus rating is "Buy".

Price Target $106.22
Price Target Difference 25.42%
Analyst Consensus Buy
Analyst Count 9
Revenue Growth Forecast (5Y) 5.03%
EPS Growth Forecast (5Y) 21.51%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on October 26, 1993. It was a forward split with a ratio of 2:1.

Last Split Date Oct 26, 1993
Split Type Forward
Split Ratio 2:1

Scores

Light & Wonder has an Altman Z-Score of 2.11 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.11
Piotroski F-Score 5