LAWIL vs PENN Stock Comparison

Light & Wonder and PENN Entertainment 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
5 wins

Head to Head

7 decided of 12

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

QuestionLAWILPENNLeader
Larger companyMarket capitalisation $7.12B $1.99B LAWIL
Cheaper on earningsLower P/E, profitable companies only 26.4x -2.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.4x 17.7x LAWIL
Faster revenue growthRevenue growth, trailing twelve months +4.8% +6.1% PENN
More profitableNet margin, trailing twelve months 8.1% -12.7% LAWIL
Better return on capitalReturn on invested capital 9.5% -11.9% LAWIL
Less leveragedLower net debt / EBITDA 4.5x -18.9x PENN
Higher dividend yieldTrailing dividend yield — 0.00% –
Better 1-year returnPrice return, last 12 months — -15.9% –
Better 5-year returnAnnualised price return, 5 years — -27.2%/yr –
Less volatileAnnualised volatility, 1 year — 52.5% –
Higher overall scoreMean of the five percentile scores vs peers 64/100 50/100 LAWIL

Percentile Scorecard

LAWILPENN

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

AxisLAWILPENN
Valuation 49 #23 of 44 63 #17 of 44
Growth 67 #15 of 43 19 #35 of 43
Profitability 85 #7 of 41 28 #30 of 41
Financial Health 35 #31 of 47 46 #26 of 47
Shareholder Returns 85 #5 of 28 93 #3 of 28
Overall 64 50
  • LAWIL ranked among 48 companies in Gaming and Leisure
  • PENN 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

PeriodLAWILPENNSPY
1 month +10.1%-4.8% -0.8%
3 months +12.7%-29.7% +3.5%
6 months -9.4%-16.4% +7.0%
Year to date —+1.0% +12.2%
1 year —-15.9% +13.0%
3 years —-19.1% +86.3%
3 years, per year —-6.8% +23.1%
5 years —-79.5% +68.6%
5 years, per year —-27.2% +11.0%
10 years —+12.9% +258.0%
10 years, per year —+1.2% +13.6%

Risk

MeasureLAWILPENNSPY
Volatility, 1Y —52.5% 12.7%
Downside volatility, 1Y —46.8% 12.7%
Beta vs S&P 500, 1Y —1.04 1.00
Return / volatility, 1Y —-0.30 1.02
Max drawdown, 5Y -19.6%-84.3% -25.4%
From 52-week high -9.4%-32.5% -1.8%
52-week high $102.00$22.06 $779.14
52-week low $82.00$11.76 $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.

MultipleLAWILPENN
P/E now vs peer median 26.4xmedian 17.1x -2.2xmedian 17.1x
P/S now vs peer median 2.1xmedian 1.9x 0.3xmedian 1.9x
EV/EBITDA now vs peer median 10.9xmedian 10.9x -38.9xmedian 10.9x
P/FCF now vs peer median 12.8xmedian 11.4x 20.8xmedian 11.4x
P/B now vs peer median 23.6xmedian 2.5x 1.1xmedian 2.5x
PEG now vs peer median -4.35median 0.57 0.04median 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 monthsLAWILPENN
Revenue $3.35B $7.16B
Gross profit $2.49B $2.47B
Operating income $665.00M -$565.10M
Net income $271.00M -$908.20M
Free cash flow $555.00M $96.10M
R&D $250.00M –
EPS (diluted) $3.45 $-6.61
Cash & equivalents $148.00M $887.20M
Total debt $20.38B $2.77B
Shares (diluted) 78.50M 137.10M
Enterprise value $6.43B -$949.10M

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
MetricLAWILPENN
P/E 26.4x -2.2x
P/FCF 12.8x 20.8x
P/Operating cash flow 8.1x 3.1x
P/S 2.1x 0.3x
P/B 23.6x 1.1x
P/Tangible book -16.8x 4.2x
EV/EBITDA 10.9x -38.9x
EV/EBIT 18.2x -6.9x
EV/Revenue 3.6x 0.5x
EV/FCF 21.8x 40.4x
EV/Operating cash flow 13.7x 6.0x
PEG (3Y EPS CAGR) -4.35 0.04

Growth

14 metrics
MetricLAWILPENN
Revenue growth (1Y) 4.8% 6.1%
Revenue CAGR (3Y) 7.0% 3.0%
Gross profit growth (1Y) 8.7% 25.4%
Gross profit CAGR (3Y) 9.2% -2.8%
Operating income growth (1Y) -4.9% -504.5%
Operating income CAGR (3Y) 18.3% -39.6%
Net income growth (1Y) -22.3% -1,067%
Net income CAGR (3Y) -12.6% -47.9%
EPS growth (1Y) -14.9% -1,203%
EPS CAGR (3Y) -6.1% -51.9%
Operating cash flow growth (1Y) 44.5% 30.8%
Operating cash flow CAGR (3Y) 75.0% -5.2%
Free cash flow growth (1Y) 67.7% 168.6%
Free cash flow CAGR (3Y) 46.3% -42.1%

Profitability

14 metrics
MetricLAWILPENN
Gross margin 74.4% 34.6%
EBITDA margin 33.0% -1.4%
Operating margin 19.9% -7.9%
Pretax margin 10.4% -12.9%
Net margin 8.1% -12.7%
FCF margin 16.6% 1.3%
Operating cash flow margin 26.4% 9.1%
Return on equity 88.4% -49.3%
Return on assets 4.3% -6.4%
Return on invested capital 9.5% -11.9%
Return on capital employed 11.8% -4.5%
Asset turnover 0.5x 0.5x
Cash conversion (OCF / net income) 3.3x -0.7x
Stock comp / revenue 3.8% 0.8%

Financial Health

11 metrics
MetricLAWILPENN
Debt / assets 80.6% 19.7%
Debt / equity 17.0x 1.5x
Net debt / EBITDA 4.5x -18.9x
Debt / FCF 9.2x 28.9x
Liabilities / assets 95.3% 86.8%
Equity / assets 4.7% 13.2%
Interest coverage – –
Current ratio 1.7x 0.9x
Quick ratio 1.1x 0.8x
Cash ratio 0.2x 0.6x
Altman Z-score 1.75 0.31

Shareholder Returns

7 metrics
MetricLAWILPENN
Dividend yield – –
Net buyback yield 10.9% 12.0%
Shareholder yield 10.9% 12.0%
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.

ConsensusLAWILPENN
Forward P/E 12.4xFY2026 17.7xFY2026
EPS, next fiscal year $7.44FY2026 $0.84FY2026
EPS growth, next FY +11.2%FY2026 –
EPS growth, the year after +28.8% +85.7%
Revenue, next fiscal year $3.61BFY2026 $7.14BFY2026
Revenue growth, next FY +8.9%FY2026 +2.6%FY2026
Revenue growth, the year after -4.7% +1.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWILPENN
Held by institutions – 100.0%
Institutions holding – 379
Change in shares held, QoQ – +1.5%
Institutions buying – 196
Institutions selling – 109
Buyers to sellers – 1.80

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.

LAWILPENN
LAWIL – –
PENN – 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LAWIL and PENN?

Light & Wonder (LAWIL) is the largest by market capitalisation: Light & Wonder (LAWIL) $7.12B, PENN Entertainment (PENN) $1.99B.

Which company is growing faster?

PENN Entertainment (PENN) grew revenue fastest over the trailing twelve months: Light & Wonder (LAWIL) +4.8%, PENN Entertainment (PENN) +6.1%.

Which company is more profitable?

Light & Wonder (LAWIL) has the highest net margin (Light & Wonder (LAWIL) 8.1%, PENN Entertainment (PENN) -12.7%). On return on invested capital, Light & Wonder (LAWIL) leads (Light & Wonder (LAWIL) 9.5%, PENN Entertainment (PENN) -11.9%).

Which is the better stock, LAWIL and PENN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Light & Wonder (LAWIL) 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.