LAWIL vs MLCO vs MSGS Stock Comparison

Light & Wonder, Melco Resorts & Entertainment and Madison Square Garden Sports 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

Head to Head

11 decided of 12

Madison Square Garden Sports leads on 6 of the 12 questions below (Madison Square Garden Sports 6, Melco Resorts & Entertainment 3, Light & Wonder 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAWILMLCOMSGSLeader
Larger companyMarket capitalisation $7.12B $1.53B $7.35B MSGS
Cheaper on earningsLower P/E, profitable companies only 26.4x 6.5x 950.8x MLCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 10.7x — MLCO
Faster revenue growthRevenue growth, trailing twelve months +4.8% +5.2% +11.0% MSGS
More profitableNet margin, trailing twelve months 8.1% 5.0% 0.7% LAWIL
Better return on capitalReturn on invested capital 9.5% 9.4% — LAWIL
Less leveragedLower net debt / EBITDA 4.5x 30.2x 2.9x MSGS
Higher dividend yieldTrailing dividend yield — 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -54.2% +34.4% MSGS
Better 5-year returnAnnualised price return, 5 years — -19.2%/yr +10.2%/yr MSGS
Less volatileAnnualised volatility, 1 year — 39.2% 37.8% MSGS
Higher overall scoreMean of the five percentile scores vs peers 63/100 72/100 38/100 MLCO

Percentile Scorecard

LAWILMLCOMSGS

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

AxisLAWILMLCOMSGS
Valuation 49 #23 of 44 95 #3 of 44 16 #37 of 44
Growth 64 #16 of 43 91 #5 of 43 45 #24 of 43
Profitability 88 #6 of 42 83 #8 of 42 44 #24 of 42
Financial Health 35 #31 of 47 20 #38 of 47 48 #25 of 47
Shareholder Returns 78 #7 of 28 – –
Overall 63 72 38
  • LAWIL ranked among 48 companies in Gaming and Leisure
  • MLCO ranked among 48 companies in Gaming and Leisure
  • MSGS 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

PeriodLAWILMLCOMSGSSPY
1 month +10.1%-20.1%-24.2% +0.9%
3 months +12.7%-34.4%-23.2% +5.9%
6 months -9.4%-32.2%-8.3% +8.5%
Year to date —-50.7%+18.1% +13.3%
1 year —-54.2%+34.4% +12.4%
3 years —-55.5%+84.9% +88.1%
3 years, per year —-23.7%+22.8% +23.5%
5 years —-65.6%+62.5% +68.2%
5 years, per year —-19.2%+10.2% +11.0%
10 years —-77.9%+86.8% +263.4%
10 years, per year —-14.0%+6.4% +13.8%

Risk

MeasureLAWILMLCOMSGSSPY
Volatility, 1Y —39.2%37.8% 12.7%
Downside volatility, 1Y —46.6%41.1% 12.7%
Beta vs S&P 500, 1Y —0.670.45 1.00
Return / volatility, 1Y —-1.380.91 0.98
Max drawdown, 5Y -19.6%-74.1%-32.0% -25.4%
From 52-week high -9.4%-60.3%-26.6% -0.9%
52-week high $102.00$9.39$416.24 $779.14
52-week low $82.00$3.73$212.91 $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.

MultipleLAWILMLCOMSGS
P/E now vs peer median 26.4xmedian 16.8x 6.3xmedian 16.8x 950.8xmedian 16.8x
P/S now vs peer median 2.1xmedian 1.9x 0.3xmedian 1.9x 6.4xmedian 1.9x
EV/EBITDA now vs peer median 10.9xmedian 10.2x 40.2xmedian 10.2x 232.4xmedian 10.2x
P/FCF now vs peer median 12.8xmedian 11.2x 3.0xmedian 11.2x 120.1xmedian 11.2x
P/B now vs peer median 23.6xmedian 2.2x 172.9xmedian 2.2x -27.9xmedian 2.2x
PEG now vs peer median -4.35median 0.44 0.18median 0.44 -20.90median 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 monthsLAWILMLCOMSGS
Revenue $3.35B $4.69B $1.15B
Gross profit $2.49B $4.54B $320.12M
Operating income $665.00M $477.81M $28.87M
Net income $271.00M $196.16M $7.76M
Free cash flow $555.00M $506.29M $61.26M
R&D $250.00M $4.78M –
EPS (diluted) $3.45 $0.59 $0.32
Cash & equivalents $148.00M $454.26M $164.51M
Total debt $20.38B $5.07B $1.10B
Shares (diluted) 78.50M 400.63M 24.25M
Enterprise value $6.43B -$1.40B $6.95B

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
MetricLAWILMLCOMSGS
P/E 26.4x 6.3x 950.8x
P/FCF 12.8x 3.0x 120.1x
P/Operating cash flow 8.1x 1.9x 117.4x
P/S 2.1x 0.3x 6.4x
P/B 23.6x 172.9x -27.9x
P/Tangible book -16.8x -8.7x -20.0x
EV/EBITDA 10.9x 40.2x 232.4x
EV/EBIT 18.2x 12.8x 258.0x
EV/Revenue 3.6x 1.3x 6.5x
EV/FCF 21.8x 12.1x 121.6x
EV/Operating cash flow 13.7x 7.8x 118.9x
PEG (3Y EPS CAGR) -4.35 0.18 -20.90

Growth

14 metrics
MetricLAWILMLCOMSGS
Revenue growth (1Y) 4.8% 5.2% 11.0%
Revenue CAGR (3Y) 7.0% 35.8% 9.1%
Gross profit growth (1Y) 8.7% 5.4% 12.7%
Gross profit CAGR (3Y) 9.2% 35.9% -1.9%
Operating income growth (1Y) -4.9% 24.6% 94.9%
Operating income CAGR (3Y) 18.3% 53.5% -30.3%
Net income growth (1Y) -22.3% 914.5% 134.6%
Net income CAGR (3Y) -12.6% 32.2% -45.2%
EPS growth (1Y) -14.9% 347.7% 134.3%
EPS CAGR (3Y) -6.1% 34.2% -45.5%
Operating cash flow growth (1Y) 44.5% 3.7% -31.6%
Operating cash flow CAGR (3Y) 75.0% 84.2% -25.7%
Free cash flow growth (1Y) 67.7% -3.5% -30.4%
Free cash flow CAGR (3Y) 46.3% 38.1% -26.0%

Profitability

14 metrics
MetricLAWILMLCOMSGS
Gross margin 74.4% 96.6% 27.7%
EBITDA margin 33.0% 3.3% 2.8%
Operating margin 19.9% 10.2% 2.5%
Pretax margin 10.4% 4.0% 1.6%
Net margin 8.1% 5.0% 0.7%
FCF margin 16.6% 10.8% 5.3%
Operating cash flow margin 26.4% 16.9% 5.4%
Return on equity 88.4% 1,233% –
Return on assets 4.3% 3.2% 0.5%
Return on invested capital 9.5% 9.4% –
Return on capital employed 11.8% 9.4% 3.3%
Asset turnover 0.5x 0.8x 0.8x
Cash conversion (OCF / net income) 3.3x 4.0x 8.1x
Stock comp / revenue 3.8% – 1.9%

Financial Health

11 metrics
MetricLAWILMLCOMSGS
Debt / assets 80.6% 80.3% 16.8%
Debt / equity 17.0x 578.4x -1.0x
Net debt / EBITDA 4.5x 30.2x 2.9x
Debt / FCF 9.2x 10.0x 4.2x
Liabilities / assets 95.3% 99.9% 117.1%
Equity / assets 4.7% 0.1% -17.1%
Interest coverage – 1.4x 1.4x
Current ratio 1.7x 1.0x 0.5x
Quick ratio 1.1x 1.0x 0.4x
Cash ratio 0.2x 0.5x 0.3x
Altman Z-score 1.75 0.72 2.90

Shareholder Returns

7 metrics
MetricLAWILMLCOMSGS
Dividend yield – – –
Net buyback yield 10.9% – –
Shareholder yield 10.9% 0.0% 0.0%
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.

ConsensusLAWILMLCOMSGS
Forward P/E 12.5xFY2026 10.7xFY2026 –
EPS, next fiscal year $7.40FY2026 $0.35FY2026 $-1.03FY2027
EPS growth, next FY +10.6%FY2026 -23.9%FY2026 -421.9%FY2027
EPS growth, the year after +29.3% +57.1% –
Revenue, next fiscal year $3.61BFY2026 $5.39BFY2026 $1.06BFY2027
Revenue growth, next FY +8.9%FY2026 +4.4%FY2026 -7.9%FY2027
Revenue growth, the year after -5.0% -8.0% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWILMLCOMSGS
Held by institutions – 25.7% 81.3%
Institutions holding – 165 463
Change in shares held, QoQ – -6.1% +10.3%
Institutions buying – 84 247
Institutions selling – 49 136
Buyers to sellers – 1.71 1.82

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.

LAWILMLCOMSGS
LAWIL – – –
MLCO – 1.00 0.12
MSGS – 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LAWIL, MLCO and MSGS?

Madison Square Garden Sports (MSGS) is the largest by market capitalisation: Light & Wonder (LAWIL) $7.12B, Melco Resorts & Entertainment (MLCO) $1.53B, Madison Square Garden Sports (MSGS) $7.35B.

Which stock is cheaper, LAWIL, MLCO and MSGS?

Melco Resorts & Entertainment (MLCO) trades on the lowest price-to-earnings ratio (Light & Wonder (LAWIL) 26.4x, Melco Resorts & Entertainment (MLCO) 6.5x, Madison Square Garden Sports (MSGS) 950.8x). On next year's consensus earnings, Melco Resorts & Entertainment (MLCO) is cheapest (Light & Wonder (LAWIL) 12.5x, Melco Resorts & Entertainment (MLCO) 10.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Madison Square Garden Sports (MSGS) grew revenue fastest over the trailing twelve months: Light & Wonder (LAWIL) +4.8%, Melco Resorts & Entertainment (MLCO) +5.2%, Madison Square Garden Sports (MSGS) +11.0%.

Which company is more profitable?

Light & Wonder (LAWIL) has the highest net margin (Light & Wonder (LAWIL) 8.1%, Melco Resorts & Entertainment (MLCO) 5.0%, Madison Square Garden Sports (MSGS) 0.7%). On return on invested capital, Light & Wonder (LAWIL) leads (Light & Wonder (LAWIL) 9.5%, Melco Resorts & Entertainment (MLCO) 9.4%).

Which stock has performed better?

Over the past year Madison Square Garden Sports (MSGS) returned the most: Melco Resorts & Entertainment (MLCO) -54.2%, Madison Square Garden Sports (MSGS) +34.4%. Over five years, Madison Square Garden Sports (MSGS) compounded fastest (Melco Resorts & Entertainment (MLCO) -19.2%/yr, Madison Square Garden Sports (MSGS) +10.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Madison Square Garden Sports (MSGS) has been the steadiest (Melco Resorts & Entertainment (MLCO) 39.2%, Madison Square Garden Sports (MSGS) 37.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAWIL, MLCO and MSGS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Madison Square Garden Sports (MSGS) leads on 6. 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.