Light & Wonder Financials
Light & Wonder (LNW) reported $3.3B in revenue for fiscal year 2025, up 4.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Operating profitability is widening, but investment and buybacks are coinciding with a more debt-heavy, thinner-equity financing structure.
In FY2025, operating cash flow reached$794M against net income of$276M , a gap consistent with non-cash expenses and working-capital movements rather than weak cash earnings. That conversion still did not build liquidity: investing outflows and buybacks exceeded operating cash generation, while debt increased and equity shrank.
Sales growth has slowed across the last three years, yet gross margin rose from
Debt-to-equity rose from 6.0x in FY2024 to 20.9x in FY2025 as liabilities expanded while equity contracted. With equity at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Light & Wonder's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Light & Wonder has an operating margin of 20.6%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is down from 20.9% the prior year.
Light & Wonder's revenue grew a modest 4.0% year-over-year to $3.3B. This slow but positive growth earns a score of 57/100.
Light & Wonder has elevated debt relative to equity (D/E of 20.86), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.
Light & Wonder's current ratio of 1.60 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Light & Wonder, and counted as zero in the overall score.
Light & Wonder earns a strong 112.7% return on equity (ROE), meaning it generates $113 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is up from 52.8% the prior year.
Light & Wonder scores 1.93, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Light & Wonder passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Light & Wonder generates $2.88 in operating cash flow ($794.0M OCF vs $276.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Light & Wonder earns $2.18 in operating income for every $1 of interest expense ($683.0M vs $314.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Light & Wonder generated $3.3B in revenue in fiscal year 2025. This represents an increase of 4.0% from the prior year.
Light & Wonder's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.8% from the prior year.
Light & Wonder reported $276.0M in net income in fiscal year 2025. This represents a decrease of 17.9% from the prior year.
Light & Wonder earned $3.26 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 11.4% from the prior year.
Cash & Balance Sheet
Light & Wonder held $167.0M in cash against $5.1B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Light & Wonder's gross margin was 73.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.5 percentage points from the prior year.
Light & Wonder's operating margin was 20.6% in fiscal year 2025, reflecting core business profitability. This is down 0.3 percentage points from the prior year.
Light & Wonder's net profit margin was 8.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.2 percentage points from the prior year.
Light & Wonder's ROE was 112.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 59.8 percentage points from the prior year.
Capital Allocation
Light & Wonder invested $252.0M in research and development in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
Light & Wonder spent $880.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 90.5% from the prior year.
Not reported for fiscal year 2025.
LNW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.3B+4.0% | $3.2B+9.9% | $2.9B+15.5% | $2.5B+16.7% | $2.2B+26.7% | $1.7B-28.9% | $2.4B-29.0% | $3.4B+9.1% | $3.1B+6.9% | $2.9B+4.5% | $2.8B+54.4% | $1.8B+63.8% | $1.1B+17.5% | $928.6M+7.2% | $865.9M |
| Cost of Revenue | $868.0M | $885.0M-4.9% | $931.0M+6.8% | $872.0M+18.2% | $738.0M | N/A | N/A | $1.3B+2.3% | $1.3B+7.8% | $1.2B+5.2% | $1.1B+0.2% | $1.1B+30.0% | $849.4M+43.6% | $591.7M+14.2% | $518.3M+7.6% | $481.7M |
| Gross Profit | $2.5B | $2.4B+7.6% | $2.3B+11.2% | $2.0B+14.4% | $1.8B | N/A | N/A | $1.1B-47.6% | $2.1B+9.8% | $1.9B+8.0% | $1.8B+7.4% | $1.7B+76.6% | $937.0M+87.7% | $499.2M+21.7% | $410.3M+6.8% | $384.2M |
| R&D Expenses | $254.0M | $252.0M-3.8% | $262.0M+14.9% | $228.0M+4.6% | $218.0M+14.7% | $190.0M+28.4% | $148.0M-10.8% | $166.0M-17.8% | $202.0M+9.8% | $184.0M-10.2% | $204.8M+11.4% | $183.9M+57.2% | $117.0M+350.0% | $26.0M+293.9% | $6.6M+8.2% | $6.1M |
| SG&A Expenses | $889.0M | $869.0M-0.3% | $872.0M+7.9% | $808.0M+12.7% | $717.0M+5.6% | $679.0M+8.3% | $627.0M+1.3% | $619.0M-11.2% | $697.0M+13.7% | $613.0M+6.2% | $577.0M+1.6% | $567.7M+11.8% | $507.7M+90.6% | $266.4M+48.5% | $179.4M+3.8% | $172.9M |
| Operating Income | $643.0M | $683.0M+2.2% | $668.0M+29.0% | $518.0M+89.7% | $273.0M+148.2% | $110.0M+144.9% | -$245.0M-184.5% | $290.0M+9.0% | $266.0M-32.5% | $394.0M+201.7% | $130.6M+112.7% | -$1.0B-493.3% | -$172.7M-843.7% | -$18.3M-129.1% | $62.9M-31.8% | $92.2M |
| Interest Expense | $301.0M | $314.0M+7.2% | $293.0M-5.2% | $309.0M-5.5% | $327.0M-31.6% | $478.0M-5.0% | $503.0M-14.6% | $589.0M-1.3% | $597.0M-2.1% | $610.0M-7.8% | $661.4M-0.5% | $664.9M+116.4% | $307.2M+157.1% | $119.5M+19.5% | $100.0M-4.5% | $104.7M |
| Income Tax | $76.0M | $89.0M+4.7% | $85.0M+240.0% | $25.0M+92.3% | $13.0M+104.1% | -$318.0M-10500.0% | -$3.0M+93.6% | -$47.0M-461.5% | $13.0M-13.3% | $15.0M+112.0% | -$125.0M+58.3% | -$299.9M-15.1% | -$260.6M-121.4% | -$117.7M-668.6% | $20.7M+12.5% | $18.4M |
| Net Income | $246.0M | $276.0M-17.9% | $336.0M+106.1% | $163.0M-95.6% | $3.7B+890.6% | $371.0M+165.2% | -$569.0M-337.7% | -$130.0M+63.1% | -$352.0M-45.5% | -$242.0M+31.6% | -$353.7M+74.6% | -$1.4B-495.1% | -$234.3M-675.8% | -$30.2M+51.8% | -$62.6M-396.8% | -$12.6M |
| EPS (Diluted) | — | $3.26-11.4% | $3.68+110.3% | $1.75-95.5% | $38.78+928.6% | $3.77+162.6% | -$6.02-330.0% | -$1.40+63.8% | -$3.87-42.3% | -$2.72+32.8% | -$4.05+75.0% | -$16.23-485.9% | -$2.77-669.4% | -$0.36+48.6% | -$0.70-400.0% | -$0.14 |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LNW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.5B+19.2% | $5.4B-2.4% | $5.6B-7.6% | $6.0B-23.8% | $7.9B-1.3% | $8.0B+2.2% | $7.8B+1.2% | $7.7B-0.1% | $7.7B+9.0% | $7.1B-8.3% | $7.7B-20.5% | $9.7B+136.5% | $4.1B+87.9% | $2.2B+1.2% | $2.2B |
| Current Assets | $1.3B+8.5% | $1.2B-9.8% | $1.3B-22.6% | $1.7B-2.2% | $1.7B-20.6% | $2.2B+35.0% | $1.6B+18.0% | $1.4B-27.0% | $1.9B+68.0% | $1.1B-5.0% | $1.2B-9.9% | $1.3B+36.3% | $957.4M+97.6% | $484.6M+19.5% | $405.6M |
| Cash & Equivalents | $167.0M-14.8% | $196.0M-53.9% | $425.0M-53.5% | $914.0M+56.2% | $585.0M-37.0% | $928.0M+196.5% | $313.0M+86.3% | $168.0M-78.7% | $788.8M+585.3% | $115.1M-10.6% | $128.7M-25.1% | $171.8M+11.8% | $153.7M+41.0% | $109.0M+4.4% | $104.4M |
| Inventory | $169.0M+7.0% | $158.0M-10.7% | $177.0M+9.9% | $161.0M+64.3% | $98.0M-17.6% | $119.0M-51.2% | $244.0M+13.0% | $216.0M-11.1% | $243.1M+0.3% | $242.3M-2.5% | $248.5M-6.4% | $265.6M+92.7% | $137.8M+93.3% | $71.3M-10.6% | $79.7M |
| Accounts Receivable | $689.0M+17.8% | $585.0M+15.6% | $506.0M+11.2% | $455.0M+7.6% | $423.0M-3.4% | $438.0M-42.0% | $755.0M+26.0% | $599.0M+10.7% | $540.9M+9.3% | $495.0M+1.6% | $487.1M+4.0% | $468.4M+35.4% | $346.0M+64.8% | $209.9M+15.0% | $182.5M |
| Goodwill | $3.4B+16.6% | $2.9B-1.9% | $2.9B+0.9% | $2.9B+0.9% | $2.9B+5.9% | $2.7B-0.1% | $2.7B-16.6% | $3.3B+11.0% | $3.0B+2.3% | $2.9B-4.2% | $3.0B-26.6% | $4.1B+247.2% | $1.2B+47.6% | $801.4M+4.3% | $768.4M |
| Total Liabilities | $6.2B+29.9% | $4.8B0.0% | $4.8B-1.3% | $4.8B-51.5% | $10.0B-4.9% | $10.5B+6.0% | $9.9B-2.6% | $10.2B+4.4% | $9.8B+8.1% | $9.0B-2.2% | $9.2B-5.0% | $9.7B+151.6% | $3.9B+111.9% | $1.8B+6.0% | $1.7B |
| Current Liabilities | $803.0M+9.3% | $735.0M+5.6% | $696.0M+11.9% | $622.0M-36.1% | $974.0M+17.1% | $832.0M+8.6% | $766.0M+2.5% | $747.0M+1.0% | $739.8M+6.8% | $692.4M+5.9% | $653.9M-0.3% | $655.8M+45.2% | $451.6M+76.2% | $256.3M+8.1% | $237.1M |
| Long-Term Debt | $5.1B+32.8% | $3.8B-0.1% | $3.9B-0.5% | $3.9B-55.2% | $8.6B-6.6% | $9.3B+6.7% | $8.7B-3.5% | $9.0B+2.9% | $8.7B+8.9% | $8.0B-1.6% | $8.2B-1.3% | $8.3B+161.3% | $3.2B+117.8% | $1.5B+6.4% | $1.4B |
| Total Equity | $245.0M-61.5% | $636.0M-16.9% | $765.0M-22.7% | $990.0M+143.9% | -$2.3B+15.0% | -$2.7B-25.9% | -$2.1B+14.4% | -$2.5B-21.5% | -$2.0B-4.7% | -$1.9B-29.5% | -$1.5B-38446.2% | $3.9M-99.0% | $375.0M+2.8% | $364.8M-17.8% | $443.7M |
| Retained Earnings | $1.3B+27.2% | $1.0B+49.4% | $680.0M+31.5% | $517.0M+116.4% | -$3.2B+10.5% | -$3.5B-19.5% | -$3.0B-4.6% | -$2.8B-14.8% | -$2.5B-10.9% | -$2.2B-19.0% | -$1.9B-296.2% | -$470.7M-99.1% | -$236.4M-14.6% | -$206.2M-43.6% | -$143.6M |
LNW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $748.0M | $794.0M+25.6% | $632.0M+7.1% | $590.0M+254.9% | -$381.0M-155.6% | $685.0M+45.4% | $471.0M-13.7% | $546.0M+57.8% | $346.0M-31.8% | $507.0M+21.0% | $419.0M+1.2% | $414.2M+103.5% | $203.5M+18.9% | $171.2M+9.2% | $156.8M-8.4% | $171.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $285.0M-27.1% | $391.0M+33.0% | $294.0M+7.7% | $272.9M+36.2% | $200.4M+86.4% | $107.5M+27.5% | $84.3M+88.2% | $44.8M+3.2% | $43.4M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $261.0M+680.0% | -$45.0M-121.1% | $213.0M+45.8% | $146.1M-31.7% | $213.8M+122.7% | $96.0M+10.5% | $86.9M-22.4% | $112.0M-12.3% | $127.7M |
| Investing Cash Flow | -$1.2B | -$1.2B-353.9% | -$258.0M-2.8% | -$251.0M-104.1% | $6.1B+1483.7% | -$442.0M-155.5% | -$173.0M+34.2% | -$263.0M+67.0% | -$798.0M-92.3% | -$415.0M-82.0% | -$228.0M+15.5% | -$269.7M+91.9% | -$3.3B-100.2% | -$1.7B-1073.2% | -$141.9M+11.9% | -$161.1M |
| Financing Cash Flow | $413.0M | $321.0M+155.6% | -$577.0M+26.8% | -$788.0M+85.6% | -$5.5B-704.6% | -$679.0M-246.7% | $463.0M+458.9% | -$129.0M+17.3% | -$156.0M-126.9% | $580.0M+395.9% | -$196.0M-7.0% | -$183.2M-105.8% | $3.2B+105.2% | $1.5B+15334.7% | -$10.1M+59.1% | -$24.7M |
| Share Buybacks | $736.0M | $880.0M+90.5% | $462.0M+171.8% | $170.0M-58.0% | $405.0M | $0 | $0 | N/A | N/A | N/A | $0 | $0-100.0% | $29.5M+3587.5% | $800K-98.8% | $68.5M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LNW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.3%+2.5pp | 70.8%+0.8pp | 70.0%-0.7pp | 70.6% | N/A | N/A | 46.2%-16.5pp | 62.7%+0.4pp | 62.3%+0.6pp | 61.6%+1.6pp | 60.0%+7.5pp | 52.4%+6.7pp | 45.8%+1.6pp | 44.2%-0.2pp | 44.4% |
| Operating Margin | 20.6%-0.3pp | 20.9%+3.1pp | 17.8%+7.0pp | 10.9%+5.8pp | 5.1%+19.5pp | -14.4%-26.6pp | 12.1%+4.2pp | 7.9%-4.9pp | 12.8%+8.2pp | 4.5%+41.7pp | -37.1%-27.5pp | -9.7%-8.0pp | -1.7%-8.4pp | 6.8%-3.9pp | 10.7% |
| Net Margin | 8.3%-2.2pp | 10.5%+4.9pp | 5.6% | 146.3% | 17.2%+50.7pp | -33.5%-28.0pp | -5.4%+5.0pp | -10.5%-2.6pp | -7.8%+4.4pp | -12.3%+38.3pp | -50.5%-37.4pp | -13.1%-10.4pp | -2.8%+4.0pp | -6.7%-5.3pp | -1.5% |
| Return on Equity | 112.7%+59.8pp | 52.8%+31.5pp | 21.3%-349.9pp | 371.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -6007.7%-5999.6pp | -8.1%+9.1pp | -17.2%-14.3pp | -2.8% |
| Return on Assets | 4.3%-1.9pp | 6.2%+3.3pp | 2.9%-58.2pp | 61.2%+56.5pp | 4.7%+11.8pp | -7.1%-5.5pp | -1.7%+2.9pp | -4.6%-1.4pp | -3.1%+1.9pp | -5.0%+13.0pp | -18.0%-15.6pp | -2.4%-1.7pp | -0.7%+2.1pp | -2.9%-2.3pp | -0.6% |
| Current Ratio | 1.600.0x | 1.61-0.3x | 1.88-0.8x | 2.72+0.9x | 1.78-0.8x | 2.62+0.5x | 2.11+0.3x | 1.83-0.7x | 2.54+0.9x | 1.61-0.2x | 1.80-0.2x | 1.99-0.1x | 2.12+0.2x | 1.89+0.2x | 1.71 |
| Debt-to-Equity | 20.86+14.8x | 6.05+1.0x | 5.04+1.1x | 3.91 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2118.54+2110.1x | 8.43+4.5x | 3.98+0.9x | 3.08 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | 10.9%+12.3pp | -1.3%-8.2pp | 6.9%+1.8pp | 5.1%-2.7pp | 7.8%+2.4pp | 5.4%-2.6pp | 8.0%-4.1pp | 12.1%-2.7pp | 14.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Light & Wonder Ranks
Frequently Asked Questions
What is Light & Wonder's annual revenue?
Light & Wonder (LNW) reported $3.3B in total revenue for fiscal year 2025. This represents a 4.0% 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 Light & Wonder's revenue growing?
Light & Wonder (LNW) revenue grew by 4.0% year-over-year, from $3.2B to $3.3B in fiscal year 2025.
Is Light & Wonder profitable?
Yes, Light & Wonder (LNW) reported a net income of $276.0M in fiscal year 2025, with a net profit margin of 8.3%.
What is Light & Wonder's EBITDA?
Light & Wonder (LNW) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Light & Wonder have?
As of fiscal year 2025, Light & Wonder (LNW) had $167.0M in cash and equivalents against $5.1B in long-term debt.
What is Light & Wonder's gross margin?
Light & Wonder (LNW) had a gross margin of 73.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Light & Wonder's operating margin?
Light & Wonder (LNW) had an operating margin of 20.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Light & Wonder's net profit margin?
Light & Wonder (LNW) had a net profit margin of 8.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Light & Wonder's return on equity (ROE)?
Light & Wonder (LNW) has a return on equity of 112.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Light & Wonder's operating cash flow?
Light & Wonder (LNW) generated $794.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Light & Wonder's total assets?
Light & Wonder (LNW) had $6.5B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Light & Wonder spend on research and development?
Light & Wonder (LNW) invested $252.0M in research and development during fiscal year 2025.
What is Light & Wonder's current ratio?
Light & Wonder (LNW) had a current ratio of 1.60 as of fiscal year 2025, which is generally considered healthy.
What is Light & Wonder's debt-to-equity ratio?
Light & Wonder (LNW) had a debt-to-equity ratio of 20.86 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Light & Wonder's return on assets (ROA)?
Light & Wonder (LNW) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Light & Wonder's Altman Z-Score?
Light & Wonder (LNW) has an Altman Z-Score of 1.93, placing it in the Grey Zone (moderate 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 Light & Wonder's Piotroski F-Score?
Light & Wonder (LNW) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Light & Wonder's earnings high quality?
Light & Wonder (LNW) has an earnings quality ratio of 2.88x, 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 Light & Wonder cover its interest payments?
Light & Wonder (LNW) has an interest coverage ratio of 2.18x, 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 Light & Wonder?
Light & Wonder (LNW) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.