profit from every A$100 of sales.
A$0A$100
Light & Wonder
A$115.08-1.18% today
-12.6% in 1 year
1-year low A$102.661-year high A$182.50
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay A$21.60 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Light & Wonder sold, what it kept, and what it did with the cash.
Sales went from $2.51 billion in 2022 to $3.31 billion in 2025, with $276 million of profit last year.
SalesProfit
Light & Wonder handed back more cash to shareholders than it generated last year.
Buybacks $880M
Free cash flow 2025$484M
Bought back its own shares$880M
Paid as dividends–
Cash vs. debt$167M vs. $5.2B
Light & Wonder vs. similar companies
Light & Wonder grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Light & Wonder | 21.6× · Fair price | ||
 Aristocrat Leisure | 23.7× · Fair price | ||
 Evolution | 13.0× · Cheap | ||
 DraftKings | 2,511.6× · Very expensive | ||
 Allwyn | 16.3× · Fair price |
AI analysis
An AI analyst reads Light & Wonder's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,512 | 2,902 | 3,188 | 3,314 | |
| 1,774 | 2,030 | 2,257 | 2,429 | |
| 419 | 610 | 762 | 902 | |
| 584 | 898 | 1,075 | 1,085 | |
| 3,675 | 163 | 336 | 276 | |
| 38.78 | 1.75 | 3.68 | 3.26 | |
| 70.6% | 70.0% | 70.8% | 73.3% | |
| 16.7% | 21.0% | 23.9% | 27.2% | |
| 146.3% | 5.6% | 10.5% | 8.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 6,009 | 5,552 | 5,421 | 6,462 |
| Cash | 914 | 425 | 196 | 167 |
| Total debt | 3,948 | 3,932 | 3,917 | 5,210 |
| Total liabilities | 4,848 | 4,787 | 4,785 | 6,217 |
| 990 | 765 | 636 | 245 | |
| 95 | 93 | 91 | 85 | |
| 2.3% | 7.7% | 11.0% | 8.7% | |
| 371.2% | 21.3% | 52.8% | 112.7% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -381 | 590 | 632 | 794 | |
| 216 | 242 | 294 | 310 | |
| -597 | 348 | 338 | 484 | |
| Dividends paid | – | – | – | – |
| 442 | 689 | 462 | 880 | |
| 69 | 118 | 110 | 121 |
Valuation
- 21.6×
- –
- –
- 39.7×
- 1.8×
- 12.3×
- 10.1×
- 8.1%
- 4.6%
- –
Profitability
- 73.3%
- 27.2%
- 8.3%
- –
- 8.7%
- 7.4%
- –
- –
- –
- –
Growth
- +9.7%
- −56.2%
- –
- –
- −3.6%
Financial health
- 4.6×
- 21.27
- –
- 2.2×
- 1.60
- –
- –
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 45%of 976
Top 6%of 991
Bottom 46%of 850
Top 41%of 991
Top 28%of 979
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
42No pass
Philip Fisher
60Pass
Peter Lynch
21No pass
Joel Greenblatt
36No pass
Charlie Munger
56No pass
Terry Smith
59No pass
Questions about Light & Wonder
Is Light & Wonder a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Light & Wonder AI analysis
What does Light & Wonder do?
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. It is in Gambling, based in Las Vegas, NV, United States, with 6,800 employees.
Is Light & Wonder stock halal?
No. Light & Wonder does not pass our halal screen: its main business, gambling, is not permitted. How we check
How has Light & Wonder stock done over the past year?
Down 12.6% over the past twelve months, to A$115.08. It traded between A$102.66 and A$182.50 and is 36.9% below its high.
Who are Light & Wonder's competitors?
The largest listed companies in the same industry are Aristocrat Leisure, Evolution, DraftKings and Allwyn. The peers table on this page compares their profit, growth and price with Light & Wonder's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.