Brightstar Lottery Financials

BRSL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

Financial Health Signals

Financial Profile 64/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Brightstar Lottery has an operating margin of 27.3%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 29.7% the prior year.

Growth

Brightstar Lottery's revenue declined 0.7% year-over-year, from $2.5B to $2.5B. This contraction results in a growth score of 27/100.

Leverage

Brightstar Lottery has elevated debt relative to equity (D/E of 3.12), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

With a current ratio of 2.29, Brightstar Lottery holds $2.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.

Cash Flow

100

Brightstar Lottery converts 35.1% of revenue into free cash flow ($881.0M). This strong cash generation earns a score of 100/100.

Returns

Brightstar Lottery earns a strong 21.1% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is up from 10.8% the prior year.

Altman Z-Score Distress

0.96

Brightstar Lottery scores 0.96, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong

7/9

Brightstar Lottery passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.96x

For every $1 of reported earnings, Brightstar Lottery generates $2.96 in operating cash flow ($1.0B OCF vs $348.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.2x

Brightstar Lottery earns $3.2 in operating income for every $1 of interest expense ($686.0M vs $215.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Brightstar Lottery (BRSL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.5B

YoY-0.7%

5Y CAGR-9.0%

10Y CAGR-4.1%

Brightstar Lottery generated $2.5B in revenue in fiscal year 2024. This represents a decrease of 0.7% from the prior year.

EBITDA

$889.0M

YoY-30.3%

5Y CAGR-4.0%

10Y CAGR-2.9%

Brightstar Lottery's EBITDA was $889.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 30.3% from the prior year.

Free Cash Flow

$881.0M

YoY-1.3%

5Y CAGR+4.2%

10Y CAGR+1.9%

Brightstar Lottery generated $881.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 1.3% from the prior year.

Net Income

$348.0M

YoY+123.1%

10Y CAGR+15.0%

Brightstar Lottery reported $348.0M in net income in fiscal year 2024. This represents an increase of 123.1% from the prior year.

EPS (Diluted)

$1.71

YoY+122.1%

10Y CAGR+13.3%

Brightstar Lottery earned $1.71 per diluted share (EPS) in fiscal year 2024. This represents an increase of 122.1% from the prior year.

Cash & Debt

$584.0M

YoY+15.0%

5Y CAGR-2.3%

10Y CAGR+6.6%

Brightstar Lottery held $584.0M in cash against $5.2B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

202M

YoY+0.7%

5Y CAGR-0.3%

10Y CAGR+1.6%

Brightstar Lottery had 202M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Gross Margin

N/A

Operating Margin

27.3%

YoY-2.4pp

5Y CAGR+15.5pp

10Y CAGR+8.6pp

Brightstar Lottery's operating margin was 27.3% in fiscal year 2024, reflecting core business profitability. This is down 2.4 percentage points from the prior year.

Net Margin

13.9%

YoY+7.7pp

5Y CAGR+14.3pp

10Y CAGR+11.6pp

Brightstar Lottery's net profit margin was 13.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 7.7 percentage points from the prior year.

Return on Equity

21.1%

YoY+10.3pp

10Y CAGR+17.7pp

Brightstar Lottery's ROE was 21.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 10.3 percentage points from the prior year.

R&D Spending

$45.0M

YoY+21.6%

5Y CAGR-29.9%

10Y CAGR-8.4%

Brightstar Lottery invested $45.0M in research and development in fiscal year 2024. This represents an increase of 21.6% from the prior year.

Share Buybacks

Brightstar Lottery spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$149.0M

YoY+1.4%

5Y CAGR-16.9%

10Y CAGR-7.8%

Brightstar Lottery invested $149.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.4% from the prior year.

BRSL Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.5B-0.7%	$2.5B-2.6%	$2.6B-36.5%	$4.1B+31.3%	$3.1B-22.7%	$4.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$45.0M+21.6%	$37.0M-17.8%	$45.0M-81.1%	$238.0M+24.6%	$191.0M-28.2%	$266.0M
SG&A Expenses	$393.0M-3.4%	$407.0M+1.8%	$400.0M-50.6%	$810.0M+14.6%	$707.0M-16.8%	$850.0M
Operating Income	$686.0M-8.8%	$752.0M+1.2%	$743.0M-17.6%	$902.0M+943.0%	-$107.0M-122.4%	$478.0M
Interest Expense	$215.0M-24.6%	$285.0M-1.4%	$289.0M-15.2%	$341.0M-14.3%	$398.0M-3.2%	$411.0M
Income Tax	$250.0M+12.1%	$223.0M+5.2%	$212.0M-22.6%	$274.0M+878.6%	$28.0M-78.6%	$131.0M
Net Income	$348.0M+123.1%	$156.0M-43.3%	$275.0M-42.9%	$482.0M+153.7%	-$898.0M-4626.3%	-$19.0M
EPS (Diluted)	$1.71+122.1%	$0.77-43.0%	$1.35-42.1%	$2.33+153.1%	$-4.39-4777.8%	$-0.09

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRSL Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$10.3B-1.8%	$10.5B+0.3%	$10.4B-7.9%	$11.3B-12.9%	$13.0B-4.8%	$13.6B
Current Assets	$6.2B+190.4%	$2.1B-0.4%	$2.1B-14.3%	$2.5B-27.7%	$3.4B+30.6%	$2.6B
Cash & Equivalents	$584.0M+15.0%	$508.0M-13.9%	$590.0M-0.2%	$591.0M-34.8%	$907.0M+38.6%	$654.6M
Inventory	$113.0M+2.7%	$110.0M-56.7%	$254.0M+38.8%	$183.0M+8.3%	$169.0M+4.5%	$161.8M
Accounts Receivable	$468.0M+16.1%	$403.0M-39.9%	$670.0M-25.8%	$903.0M+6.7%	$846.0M-3.3%	$875.3M
Goodwill	$2.6B-1.0%	$2.7B+0.6%	$2.7B-42.8%	$4.7B-1.2%	$4.7B-4.4%	$4.9B
Total Liabilities	$8.2B-3.5%	$8.5B+0.7%	$8.5B-9.6%	$9.4B-18.2%	$11.4B+2.4%	$11.2B
Current Liabilities	$2.7B+58.9%	$1.7B-8.5%	$1.8B-3.4%	$1.9B-26.8%	$2.6B+5.9%	$2.5B
Long-Term Debt	$5.2B-8.9%	$5.7B-0.6%	$5.7B-12.2%	$6.5B-17.6%	$7.9B+3.4%	$7.6B
Total Equity	$1.7B+14.5%	$1.4B+1.0%	$1.4B+11.5%	$1.3B+65.0%	$777.0M-53.1%	$1.7B
Retained Earnings	-$660.0M+34.5%	-$1.0B+13.4%	-$1.2B+19.1%	-$1.4B+25.1%	-$1.9B-88.2%	-$1.0B

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$10.3B-1.8%	$10.5B+0.3%	$10.4B-7.9%	$11.3B-12.9%	$13.0B-4.8%	$13.6B0.0%	$13.6B-10.0%	$15.2B
Current Assets	$6.2B+190.4%	$2.1B-0.4%	$2.1B-14.3%	$2.5B-27.7%	$3.4B+30.6%	$2.6B+15.2%	$2.3B-25.4%	$3.1B
Cash & Equivalents	$584.0M+15.0%	$508.0M-13.9%	$590.0M-0.2%	$591.0M-34.8%	$907.0M+38.6%	$654.6M+161.2%	$250.7M-76.3%	$1.1B
Inventory	$113.0M+2.7%	$110.0M-56.7%	$254.0M+38.8%	$183.0M+8.3%	$169.0M+4.5%	$161.8M-42.8%	$282.7M-11.5%	$319.5M
Accounts Receivable	$468.0M+16.1%	$403.0M-39.9%	$670.0M-25.8%	$903.0M+6.7%	$846.0M-3.3%	$875.3M-7.8%	$949.1M+1.2%	$937.9M
Goodwill	$2.6B-1.0%	$2.7B+0.6%	$2.7B-42.8%	$4.7B-1.2%	$4.7B-4.4%	$4.9B-2.5%	$5.1B-11.6%	$5.7B
Total Liabilities	$8.2B-3.5%	$8.5B+0.7%	$8.5B-9.6%	$9.4B-18.2%	$11.4B+2.4%	$11.2B+2.4%	$10.9B-12.5%	$12.4B
Current Liabilities	$2.7B+58.9%	$1.7B-8.5%	$1.8B-3.4%	$1.9B-26.8%	$2.6B+5.9%	$2.5B+23.3%	$2.0B-45.5%	$3.7B
Long-Term Debt	$5.2B-8.9%	$5.7B-0.6%	$5.7B-12.2%	$6.5B-17.6%	$7.9B+3.4%	$7.6B-4.7%	$8.0B+2.6%	$7.8B
Total Equity	$1.7B+14.5%	$1.4B+1.0%	$1.4B+11.5%	$1.3B+65.0%	$777.0M-53.1%	$1.7B-8.3%	$1.8B-9.8%	$2.0B
Retained Earnings	-$660.0M+34.5%	-$1.0B+13.4%	-$1.2B+19.1%	-$1.4B+25.1%	-$1.9B-88.2%	-$1.0B-1.2%	-$1.0B+2.3%	-$1.0B

BRSL Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.0B-1.0%	$1.0B+15.7%	$899.0M-8.1%	$978.0M+12.9%	$866.0M-20.8%	$1.1B
Capital Expenditures	$149.0M+1.4%	$147.0M-9.3%	$162.0M-31.9%	$238.0M-6.7%	$255.0M-32.4%	$377.0M
Free Cash Flow	$881.0M-1.3%	$893.0M+21.2%	$737.0M-0.4%	$740.0M+21.1%	$611.0M-14.7%	$716.0M
Investing Cash Flow	-$357.0M+9.2%	-$393.0M-333.9%	$168.0M-73.6%	$636.0M+336.4%	-$269.0M+13.8%	-$312.0M
Financing Cash Flow	-$586.0M+8.2%	-$638.0M+40.1%	-$1.1B+43.9%	-$1.9B-333.3%	-$438.0M-16.5%	-$376.0M
Dividends Paid	$161.0M+0.6%	$160.0M-0.6%	$161.0M+292.7%	$41.0M0.0%	$41.0M-75.0%	$164.0M
Share Buybacks	$0	$0-100.0%	$115.0M+180.5%	$41.0M	$0	$0

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BRSL Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	27.3%-2.4pp	29.7%+1.1pp	28.6%+6.6pp	22.1%+25.5pp	-3.4%-15.3pp	11.9%
Net Margin	13.9%+7.7pp	6.2%-4.4pp	10.6%-1.2pp	11.8%+40.6pp	-28.8%-28.4pp	-0.5%
Return on Equity	21.1%+10.3pp	10.8%-8.4pp	19.2%-18.4pp	37.6%	N/A	N/A
Return on Assets	3.4%+1.9pp	1.5%-1.1pp	2.6%-1.6pp	4.3%+11.2pp	-6.9%-6.8pp	-0.1%
Current Ratio	2.29+1.0	1.26+0.1	1.15-0.1	1.30-0.0	1.32+0.2	1.07
Debt-to-Equity	3.12-0.8	3.92-0.1	3.98-1.1	5.05-5.1	10.11+5.5	4.58
FCF Margin	35.1%-0.2pp	35.3%+6.9pp	28.4%+10.3pp	18.1%-1.5pp	19.6%+1.8pp	17.8%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.29+1.0	1.26+0.1	1.15-0.1	1.30-0.0	1.32+0.2	1.07-0.1	1.14+0.3	0.83
Debt-to-Equity	3.12-0.8	3.92-0.1	3.98-1.1	5.05-5.1	10.11+5.5	4.58+0.2	4.41+0.5	3.88
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Brightstar Lottery's annual revenue?

Brightstar Lottery (BRSL) reported $2.5B in total revenue for fiscal year 2024. This represents a -0.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brightstar Lottery's revenue growing?

Brightstar Lottery (BRSL) revenue declined by 0.7% year-over-year, from $2.5B to $2.5B in fiscal year 2024.

Is Brightstar Lottery profitable?

Yes, Brightstar Lottery (BRSL) reported a net income of $348.0M in fiscal year 2024, with a net profit margin of 13.9%.

What is Brightstar Lottery's earnings per share (EPS)?

Brightstar Lottery (BRSL) reported diluted earnings per share of $1.71 for fiscal year 2024. This represents a 122.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Brightstar Lottery's EBITDA?

Brightstar Lottery (BRSL) had EBITDA of $889.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Brightstar Lottery have?

As of fiscal year 2024, Brightstar Lottery (BRSL) had $584.0M in cash and equivalents against $5.2B in long-term debt.

What is Brightstar Lottery's operating margin?

Brightstar Lottery (BRSL) had an operating margin of 27.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Brightstar Lottery's net profit margin?

Brightstar Lottery (BRSL) had a net profit margin of 13.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Brightstar Lottery's return on equity (ROE)?

Brightstar Lottery (BRSL) has a return on equity of 21.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Brightstar Lottery's free cash flow?

Brightstar Lottery (BRSL) generated $881.0M in free cash flow during fiscal year 2024. This represents a -1.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brightstar Lottery's operating cash flow?

Brightstar Lottery (BRSL) generated $1.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Brightstar Lottery's total assets?

Brightstar Lottery (BRSL) had $10.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Brightstar Lottery's capital expenditures?

Brightstar Lottery (BRSL) invested $149.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Brightstar Lottery spend on research and development?

Brightstar Lottery (BRSL) invested $45.0M in research and development during fiscal year 2024.

How many shares does Brightstar Lottery have outstanding?

Brightstar Lottery (BRSL) had 202M shares outstanding as of fiscal year 2024.

What is Brightstar Lottery's current ratio?

Brightstar Lottery (BRSL) had a current ratio of 2.29 as of fiscal year 2024, which is generally considered healthy.

What is Brightstar Lottery's debt-to-equity ratio?

Brightstar Lottery (BRSL) had a debt-to-equity ratio of 3.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brightstar Lottery's return on assets (ROA)?

Brightstar Lottery (BRSL) had a return on assets of 3.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Brightstar Lottery's Altman Z-Score?

Brightstar Lottery (BRSL) has an Altman Z-Score of 0.96, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Brightstar Lottery's Piotroski F-Score?

Brightstar Lottery (BRSL) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brightstar Lottery's earnings high quality?

Brightstar Lottery (BRSL) has an earnings quality ratio of 2.96x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Brightstar Lottery cover its interest payments?

Brightstar Lottery (BRSL) has an interest coverage ratio of 3.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Brightstar Lottery?

Brightstar Lottery (BRSL) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.