LAWIL vs MCRI vs BYD Stock Comparison

Light & Wonder, Monarch Casino & Resort and Boyd Gaming 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
BYD Boyd Gaming Corp
$72.46 +1.7% 1M -8.0% 1Y
Market cap
$5.36B
P/E
2.8x
Revenue (TTM)
$4.08B
Div. yield
–
Casinos Consumer Discretionary
2 wins

Head to Head

9 decided of 12

Monarch Casino & Resort leads on 5 of the 12 questions below (Monarch Casino & Resort 5, Light & Wonder 2, Boyd Gaming 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAWILMCRIBYDLeader
Larger companyMarket capitalisation $7.12B $2.06B $5.36B LAWIL
Cheaper on earningsLower P/E, profitable companies only 26.4x 18.0x 2.8x BYD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 16.2x 10.8x BYD
Faster revenue growthRevenue growth, trailing twelve months +4.8% +5.1% +0.3% MCRI
More profitableNet margin, trailing twelve months 8.1% 20.4% — MCRI
Better return on capitalReturn on invested capital 9.5% — — –
Less leveragedLower net debt / EBITDA 4.5x — — –
Higher dividend yieldTrailing dividend yield — 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months — +26.7% -8.0% MCRI
Better 5-year returnAnnualised price return, 5 years — +10.2%/yr +1.5%/yr MCRI
Less volatileAnnualised volatility, 1 year — 25.2% 26.3% MCRI
Higher overall scoreMean of the five percentile scores vs peers 64/100 56/100 48/100 LAWIL

Percentile Scorecard

LAWILMCRIBYD

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

AxisLAWILMCRIBYD
Valuation 49 #23 of 44 42 #26 of 44 77 #11 of 44
Growth 67 #15 of 43 64 #16 of 43 41 #26 of 43
Profitability 85 #7 of 41 58 #18 of 41 –
Financial Health 35 #31 of 47 85 #8 of 47 –
Shareholder Returns 85 #5 of 28 30 #20 of 28 26 #21 of 28
Overall 64 56 48
  • LAWIL ranked among 48 companies in Gaming and Leisure
  • MCRI ranked among 48 companies in Gaming and Leisure
  • BYD 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

PeriodLAWILMCRIBYDSPY
1 month +10.1%-1.4%+1.7% -0.8%
3 months +12.7%-4.6%-18.9% +3.5%
6 months -9.4%-1.2%-17.2% +7.0%
Year to date —+21.4%-15.0% +12.2%
1 year —+26.7%-8.0% +13.0%
3 years —+96.1%+32.8% +86.3%
3 years, per year —+25.2%+9.9% +23.1%
5 years —+62.4%+7.8% +68.6%
5 years, per year —+10.2%+1.5% +11.0%
10 years —+382.8%+291.5% +258.0%
10 years, per year —+17.1%+14.6% +13.6%

Risk

MeasureLAWILMCRIBYDSPY
Volatility, 1Y —25.2%26.3% 12.7%
Downside volatility, 1Y —22.1%26.4% 12.7%
Beta vs S&P 500, 1Y —0.330.57 1.00
Return / volatility, 1Y —1.06-0.30 1.02
Max drawdown, 5Y -19.6%-41.8%-35.1% -25.4%
From 52-week high -9.4%-13.2%-20.5% -1.8%
52-week high $102.00$133.87$91.15 $779.14
52-week low $82.00$89.05$66.10 $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.

MultipleLAWILMCRIBYD
P/E now vs peer median 26.4xmedian 17.1x 18.1xmedian 17.1x 2.8xmedian 17.1x
P/S now vs peer median 2.1xmedian 1.9x 3.7xmedian 1.9x 1.3xmedian 1.9x
EV/EBITDA now vs peer median 10.9xmedian 10.9x -43.4xmedian 10.9x —median 10.9x
P/FCF now vs peer median 12.8xmedian 11.4x 13.5xmedian 11.4x -8.7xmedian 11.4x
P/B now vs peer median 23.6xmedian 2.5x 3.6xmedian 2.5x —median 2.5x
PEG now vs peer median -4.35median 0.57 1.64median 0.57 —median 0.57

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 monthsLAWILMCRIBYD
Revenue $3.35B $561.96M $4.08B
Gross profit $2.49B $140.85M –
Operating income $665.00M -$93.31M $725.98M
Net income $271.00M $114.64M $496.64M
Free cash flow $555.00M $154.30M –
R&D $250.00M – –
EPS (diluted) $3.45 $6.28 –
Cash & equivalents $148.00M $138.26M –
Total debt $20.38B – –
Shares (diluted) 78.50M 18.26M 74.82M
Enterprise value $6.43B $1.60B $5.36B

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
MetricLAWILMCRIBYD
P/E 26.4x 18.1x 2.8x
P/FCF 12.8x 13.5x -8.7x
P/Operating cash flow 8.1x 12.0x –
P/S 2.1x 3.7x 1.3x
P/B 23.6x 3.6x –
P/Tangible book -16.8x 3.6x –
EV/EBITDA 10.9x -43.4x –
EV/EBIT 18.2x -20.8x –
EV/Revenue 3.6x 3.5x 1.3x
EV/FCF 21.8x 12.6x –
EV/Operating cash flow 13.7x 11.2x –
PEG (3Y EPS CAGR) -4.35 1.64 –

Growth

14 metrics
MetricLAWILMCRIBYD
Revenue growth (1Y) 4.8% 5.1% 0.3%
Revenue CAGR (3Y) 7.0% 4.3% 3.3%
Gross profit growth (1Y) 8.7% 41.7% –
Gross profit CAGR (3Y) 9.2% 6.3% –
Operating income growth (1Y) -4.9% -1.2% -13.9%
Operating income CAGR (3Y) 18.3% 23.0% -10.0%
Net income growth (1Y) -22.3% 45.7% -73.5%
Net income CAGR (3Y) -12.6% 8.4% -10.8%
EPS growth (1Y) -14.9% 49.4% –
EPS CAGR (3Y) -6.1% 11.0% –
Operating cash flow growth (1Y) 44.5% 16.6% –
Operating cash flow CAGR (3Y) 75.0% 1.2% –
Free cash flow growth (1Y) 67.7% 47.9% –
Free cash flow CAGR (3Y) 46.3% 5.6% –

Profitability

14 metrics
MetricLAWILMCRIBYD
Gross margin 74.4% 25.1% –
EBITDA margin 33.0% -8.0% –
Operating margin 19.9% -16.6% –
Pretax margin 10.4% 25.5% –
Net margin 8.1% 20.4% –
FCF margin 16.6% 27.5% –
Operating cash flow margin 26.4% 30.9% –
Return on equity 88.4% 20.4% –
Return on assets 4.3% 15.6% –
Return on invested capital 9.5% – –
Return on capital employed 11.8% -15.7% –
Asset turnover 0.5x 0.8x –
Cash conversion (OCF / net income) 3.3x 1.5x –
Stock comp / revenue 3.8% 1.5% –

Financial Health

11 metrics
MetricLAWILMCRIBYD
Debt / assets 80.6% – –
Debt / equity 17.0x – –
Net debt / EBITDA 4.5x – –
Debt / FCF 9.2x – –
Liabilities / assets 95.3% 22.2% –
Equity / assets 4.7% 77.8% –
Interest coverage – – –
Current ratio 1.7x 1.2x –
Quick ratio 1.1x 1.1x –
Cash ratio 0.2x 1.0x –
Altman Z-score 1.75 9.21 –

Shareholder Returns

7 metrics
MetricLAWILMCRIBYD
Dividend yield – 1.0% 1.1%
Net buyback yield 10.9% 2.6% –
Shareholder yield 10.9% 3.6% 1.1%
Payout ratio (earnings) – 18.8% –
Payout ratio (FCF) – 14.0% –
Dividend growth (1Y) – -2.2% –
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.

ConsensusLAWILMCRIBYD
Forward P/E 12.5xFY2026 16.2xFY2026 10.8xFY2026
EPS, next fiscal year $7.40FY2026 $7.15FY2026 $6.71FY2026
EPS growth, next FY +10.6%FY2026 +31.7%FY2026 -9.3%FY2026
EPS growth, the year after +29.3% -3.9% +8.3%
Revenue, next fiscal year $3.61BFY2026 $556.26MFY2026 $4.35BFY2026
Revenue growth, next FY +8.9%FY2026 +2.0%FY2026 +6.3%FY2026
Revenue growth, the year after -5.0% +10.3% -7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWILMCRIBYD
Held by institutions – 64.8% 72.8%
Institutions holding – 256 423
Change in shares held, QoQ – +3.7% +5.4%
Institutions buying – 143 186
Institutions selling – 83 175
Buyers to sellers – 1.72 1.06

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.

LAWILMCRIBYD
LAWIL – – –
MCRI – 1.00 0.37
BYD – 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LAWIL, MCRI and BYD?

Light & Wonder (LAWIL) is the largest by market capitalisation: Light & Wonder (LAWIL) $7.12B, Monarch Casino & Resort (MCRI) $2.06B, Boyd Gaming (BYD) $5.36B.

Which stock is cheaper, LAWIL, MCRI and BYD?

Boyd Gaming (BYD) trades on the lowest price-to-earnings ratio (Light & Wonder (LAWIL) 26.4x, Monarch Casino & Resort (MCRI) 18.0x, Boyd Gaming (BYD) 2.8x). On next year's consensus earnings, Boyd Gaming (BYD) is cheapest (Light & Wonder (LAWIL) 12.5x, Monarch Casino & Resort (MCRI) 16.2x, Boyd Gaming (BYD) 10.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Monarch Casino & Resort (MCRI) grew revenue fastest over the trailing twelve months: Light & Wonder (LAWIL) +4.8%, Monarch Casino & Resort (MCRI) +5.1%, Boyd Gaming (BYD) +0.3%.

Which company is more profitable?

Monarch Casino & Resort (MCRI) has the highest net margin (Light & Wonder (LAWIL) 8.1%, Monarch Casino & Resort (MCRI) 20.4%).

Which stock has performed better?

Over the past year Monarch Casino & Resort (MCRI) returned the most: Monarch Casino & Resort (MCRI) +26.7%, Boyd Gaming (BYD) -8.0%. Over five years, Monarch Casino & Resort (MCRI) compounded fastest (Monarch Casino & Resort (MCRI) +10.2%/yr, Boyd Gaming (BYD) +1.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Monarch Casino & Resort (MCRI) 0.01%, Boyd Gaming (BYD) 0.00%. Light & Wonder (LAWIL) and Boyd Gaming (BYD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Monarch Casino & Resort (MCRI) has been the steadiest (Monarch Casino & Resort (MCRI) 25.2%, Boyd Gaming (BYD) 26.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAWIL, MCRI and BYD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Monarch Casino & Resort (MCRI) leads on 5. 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.