LAWIL vs FLUT vs MGM Stock Comparison

Light & Wonder, Flutter Entertainment and MGM Resorts International Prices as of Aug 19, 2026 Peers: Industry group
LAWIL Light & Wonder, Inc.
$92.45 +10.1% 1M
Market cap
$7.12B
P/E
26.4x
Revenue (TTM)
$3.35B
Div. yield
–
Casinos Consumer Discretionary
2 wins
FLUT Flutter Entertainment plc
$78.51 +2.5% 1M -66.9% 1Y
Market cap
$13.75B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
2 wins
MGM MGM Resorts International
$27.26 -14.4% 1M -14.7% 1Y
Market cap
$7.05B
P/E
10.2x
Revenue (TTM)
$17.72B
Div. yield
–
Casinos Consumer Discretionary
7 wins

Head to Head

11 decided of 12

MGM Resorts International leads on 7 of the 12 questions below (MGM Resorts International 7, Flutter Entertainment 2, Light & Wonder 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAWILFLUTMGMLeader
Larger companyMarket capitalisation $7.12B $13.75B $7.05B FLUT
Cheaper on earningsLower P/E, profitable companies only 26.4x -18.2x 10.2x MGM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 17.8x 17.8x LAWIL
Faster revenue growthRevenue growth, trailing twelve months +4.8% +15.2% +2.6% FLUT
More profitableNet margin, trailing twelve months 8.1% -4.4% 3.9% LAWIL
Better return on capitalReturn on invested capital 9.5% -3.0% 13.5% MGM
Less leveragedLower net debt / EBITDA 4.5x 10.1x 1.4x MGM
Higher dividend yieldTrailing dividend yield — 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -66.9% -14.7% MGM
Better 5-year returnAnnualised price return, 5 years — -16.1%/yr -10.4%/yr MGM
Less volatileAnnualised volatility, 1 year — 51.0% 39.1% MGM
Higher overall scoreMean of the five percentile scores vs peers 63/100 45/100 73/100 MGM

Percentile Scorecard

LAWILFLUTMGM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisLAWILFLUTMGM
Valuation 49 #23 of 44 56 #20 of 44 100 #1 of 44
Growth 64 #16 of 43 31 #30 of 43 55 #20 of 43
Profitability 88 #6 of 42 32 #29 of 42 59 #18 of 42
Financial Health 35 #31 of 47 41 #28 of 47 70 #15 of 47
Shareholder Returns 78 #7 of 28 63 #11 of 28 82 #6 of 28
Overall 63 45 73
  • LAWIL ranked among 48 companies in Gaming and Leisure
  • FLUT ranked among 48 companies in Gaming and Leisure
  • MGM ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodLAWILFLUTMGMSPY
1 month +10.1%+2.5%-14.4% +0.9%
3 months +12.7%-27.1%-40.6% +5.9%
6 months -9.4%-27.0%-30.6% +8.5%
Year to date —-63.5%-25.3% +13.3%
1 year —-66.9%-14.7% +12.4%
3 years —-49.4%-20.4% +88.1%
3 years, per year —-20.3%-7.3% +23.5%
5 years —-58.5%-42.2% +68.2%
5 years, per year —-16.1%-10.4% +11.0%
10 years —-31.5%+4.6% +263.4%
10 years, per year —-3.7%+0.4% +13.8%

Risk

MeasureLAWILFLUTMGMSPY
Volatility, 1Y —51.0%39.1% 12.7%
Downside volatility, 1Y —57.7%35.2% 12.7%
Beta vs S&P 500, 1Y —0.780.85 1.00
Return / volatility, 1Y —-1.31-0.38 0.98
Max drawdown, 5Y -19.6%-75.9%-49.3% -25.4%
From 52-week high -9.4%-66.9%-46.2% -0.9%
52-week high $102.00$237.21$50.69 $779.14
52-week low $82.00$74.27$27.26 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleLAWILFLUTMGM
P/E now vs peer median 26.4xmedian 16.8x -18.2xmedian 16.8x 9.9xmedian 16.8x
P/S now vs peer median 2.1xmedian 1.9x 0.8xmedian 1.9x 0.4xmedian 1.9x
EV/EBITDA now vs peer median 10.9xmedian 10.2x 23.4xmedian 10.2x 4.3xmedian 10.2x
P/FCF now vs peer median 12.8xmedian 11.2x 11.0xmedian 11.2x 4.9xmedian 11.2x
P/B now vs peer median 23.6xmedian 2.2x 1.5xmedian 2.2x 2.0xmedian 2.2x
PEG now vs peer median -4.35median 0.44 —median 0.44 -2.18median 0.44

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsLAWILFLUTMGM
Revenue $3.35B $17.16B $17.72B
Gross profit $2.49B $7.29B $7.73B
Operating income $665.00M -$641.00M $1.25B
Net income $271.00M -$866.00M $919.56M
Free cash flow $555.00M $1.24B $1.40B
R&D $250.00M $1.08B –
EPS (diluted) $3.45 $-4.31 $2.75
Cash & equivalents $148.00M $1.56B $2.40B
Total debt $20.38B $11.98B $5.67B
Shares (diluted) 78.50M 175.00M 251.96M
Enterprise value $6.43B $7.12B -$2.25B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricLAWILFLUTMGM
P/E 26.4x -18.2x 9.9x
P/FCF 12.8x 11.0x 4.9x
P/Operating cash flow 8.1x 10.2x 3.0x
P/S 2.1x 0.8x 0.4x
P/B 23.6x 1.5x 2.0x
P/Tangible book -16.8x 5.5x 3.2x
EV/EBITDA 10.9x 23.4x 4.3x
EV/EBIT 18.2x -37.5x 8.1x
EV/Revenue 3.6x 1.4x 0.6x
EV/FCF 21.8x 19.4x 7.2x
EV/Operating cash flow 13.7x 18.1x 4.4x
PEG (3Y EPS CAGR) -4.35 – -2.18

Growth

14 metrics
MetricLAWILFLUTMGM
Revenue growth (1Y) 4.8% 15.2% 2.6%
Revenue CAGR (3Y) 7.0% – 4.8%
Gross profit growth (1Y) 8.7% 4.2% 0.2%
Gross profit CAGR (3Y) 9.2% – 1.7%
Operating income growth (1Y) -4.9% -164.9% 28.9%
Operating income CAGR (3Y) 18.3% – -5.3%
Net income growth (1Y) -22.3% -309.2% 209.1%
Net income CAGR (3Y) -12.6% – -9.0%
EPS growth (1Y) -14.9% -310.7% 977.3%
EPS CAGR (3Y) -6.1% – -4.5%
Operating cash flow growth (1Y) 44.5% -10.7% -9.1%
Operating cash flow CAGR (3Y) 75.0% – -1.2%
Free cash flow growth (1Y) 67.7% -7.2% 2.2%
Free cash flow CAGR (3Y) 46.3% – -2.0%

Profitability

14 metrics
MetricLAWILFLUTMGM
Gross margin 74.4% 42.5% 43.6%
EBITDA margin 33.0% 6.0% 13.4%
Operating margin 19.9% -3.7% 7.0%
Pretax margin 10.4% -4.3% 4.2%
Net margin 8.1% -4.4% 3.9%
FCF margin 16.6% 7.2% 7.9%
Operating cash flow margin 26.4% 7.8% 13.1%
Return on equity 88.4% -9.5% 27.3%
Return on assets 4.3% -3.1% 2.3%
Return on invested capital 9.5% -3.0% 13.5%
Return on capital employed 11.8% -2.8% 3.4%
Asset turnover 0.5x 0.6x 0.4x
Cash conversion (OCF / net income) 3.3x -1.5x 2.5x
Stock comp / revenue 3.8% 1.4% 0.5%

Financial Health

11 metrics
MetricLAWILFLUTMGM
Debt / assets 80.6% 42.5% 14.4%
Debt / equity 17.0x 1.3x 1.7x
Net debt / EBITDA 4.5x 10.1x 1.4x
Debt / FCF 9.2x 9.6x 4.0x
Liabilities / assets 95.3% 68.2% 91.5%
Equity / assets 4.7% 31.8% 8.5%
Interest coverage – – 3.1x
Current ratio 1.7x 0.9x 1.2x
Quick ratio 1.1x 0.4x 1.0x
Cash ratio 0.2x 0.3x 0.7x
Altman Z-score 1.75 1.32 0.77

Shareholder Returns

7 metrics
MetricLAWILFLUTMGM
Dividend yield – – –
Net buyback yield 10.9% 5.8% 11.3%
Shareholder yield 10.9% 5.8% 11.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusLAWILFLUTMGM
Forward P/E 12.5xFY2026 17.8xFY2026 17.8xFY2026
EPS, next fiscal year $7.40FY2026 $4.40FY2026 $1.53FY2026
EPS growth, next FY +10.6%FY2026 -44.6%FY2026 -53.8%FY2026
EPS growth, the year after +29.3% +49.8% +18.3%
Revenue, next fiscal year $3.61BFY2026 $16.91BFY2026 $18.44BFY2026
Revenue growth, next FY +8.9%FY2026 +3.2%FY2026 +5.1%FY2026
Revenue growth, the year after -5.0% +18.3% +0.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWILFLUTMGM
Held by institutions – 83.0% 66.8%
Institutions holding – 403 661
Change in shares held, QoQ – +2.0% +0.0%
Institutions buying – 199 305
Institutions selling – 170 235
Buyers to sellers – 1.17 1.30

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

LAWILFLUTMGM
LAWIL – – –
FLUT – 1.00 0.41
MGM – 0.41 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, LAWIL, FLUT and MGM?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Light & Wonder (LAWIL) $7.12B, Flutter Entertainment (FLUT) $13.75B, MGM Resorts International (MGM) $7.05B.

Which stock is cheaper, LAWIL, FLUT and MGM?

MGM Resorts International (MGM) trades on the lowest price-to-earnings ratio (Light & Wonder (LAWIL) 26.4x, Flutter Entertainment (FLUT) -18.2x, MGM Resorts International (MGM) 10.2x). On next year's consensus earnings, Light & Wonder (LAWIL) is cheapest (Light & Wonder (LAWIL) 12.5x, Flutter Entertainment (FLUT) 17.8x, MGM Resorts International (MGM) 17.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Flutter Entertainment (FLUT) grew revenue fastest over the trailing twelve months: Light & Wonder (LAWIL) +4.8%, Flutter Entertainment (FLUT) +15.2%, MGM Resorts International (MGM) +2.6%.

Which company is more profitable?

Light & Wonder (LAWIL) has the highest net margin (Light & Wonder (LAWIL) 8.1%, Flutter Entertainment (FLUT) -4.4%, MGM Resorts International (MGM) 3.9%). On return on invested capital, MGM Resorts International (MGM) leads (Light & Wonder (LAWIL) 9.5%, Flutter Entertainment (FLUT) -3.0%, MGM Resorts International (MGM) 13.5%).

Which stock has performed better?

Over the past year MGM Resorts International (MGM) returned the most: Flutter Entertainment (FLUT) -66.9%, MGM Resorts International (MGM) -14.7%. Over five years, MGM Resorts International (MGM) compounded fastest (Flutter Entertainment (FLUT) -16.1%/yr, MGM Resorts International (MGM) -10.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, MGM Resorts International (MGM) has been the steadiest (Flutter Entertainment (FLUT) 51.0%, MGM Resorts International (MGM) 39.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAWIL, FLUT and MGM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, MGM Resorts International (MGM) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.