LAWIL vs WYNN vs CHDN Stock Comparison

Light & Wonder, Wynn Resorts and Churchill Downs 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
3 wins
WYNN Wynn Resorts Ltd
$74.21 -5.1% 1M -38.6% 1Y
Market cap
$7.70B
P/E
17.2x
Revenue (TTM)
$7.41B
Div. yield
–
Casinos Consumer Discretionary
5 wins
CHDN Churchill Downs Inc
$91.16 +19.7% 1M -9.4% 1Y
Market cap
$6.58B
P/E
14.5x
Revenue (TTM)
$3.00B
Div. yield
–
Casinos Consumer Discretionary
3 wins

Head to Head

11 decided of 12

Wynn Resorts leads on 5 of the 12 questions below (Wynn Resorts 5, Churchill Downs 3, Light & Wonder 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAWILWYNNCHDNLeader
Larger companyMarket capitalisation $7.12B $7.70B $6.58B WYNN
Cheaper on earningsLower P/E, profitable companies only 26.4x 17.2x 14.5x CHDN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 17.2x 13.0x LAWIL
Faster revenue growthRevenue growth, trailing twelve months +4.8% +6.4% +4.2% WYNN
More profitableNet margin, trailing twelve months 8.1% 6.1% 15.1% CHDN
Better return on capitalReturn on invested capital 9.5% 10.1% 9.0% WYNN
Less leveragedLower net debt / EBITDA 4.5x 5.0x 4.5x LAWIL
Higher dividend yieldTrailing dividend yield — 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -38.6% -9.4% CHDN
Better 5-year returnAnnualised price return, 5 years — -3.7%/yr -4.5%/yr WYNN
Less volatileAnnualised volatility, 1 year — 32.4% 35.8% WYNN
Higher overall scoreMean of the five percentile scores vs peers 63/100 57/100 48/100 LAWIL

Percentile Scorecard

LAWILWYNNCHDN

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

AxisLAWILWYNNCHDN
Valuation 48 #24 of 45 89 #6 of 45 59 #19 of 45
Growth 64 #16 of 43 74 #12 of 43 67 #15 of 43
Profitability 88 #6 of 42 68 #14 of 42 78 #10 of 42
Financial Health 34 #32 of 48 23 #37 of 48 21 #38 of 48
Shareholder Returns 82 #6 of 28 33 #19 of 28 15 #24 of 28
Overall 63 57 48
  • LAWIL ranked among 48 companies in Gaming and Leisure
  • WYNN ranked among 48 companies in Gaming and Leisure
  • CHDN 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

PeriodLAWILWYNNCHDNSPY
1 month +10.1%-5.1%+19.7% +0.7%
3 months +12.7%-26.3%+10.2% +3.7%
6 months -9.4%-30.7%-9.7% +7.1%
Year to date —-38.3%-19.9% +12.8%
1 year —-38.6%-9.4% +11.9%
3 years —-15.7%-16.4% +85.2%
3 years, per year —-5.6%-5.8% +22.8%
5 years —-17.4%-20.7% +67.6%
5 years, per year —-3.7%-4.5% +10.9%
10 years —-21.2%+303.7% +262.0%
10 years, per year —-2.4%+15.0% +13.7%

Risk

MeasureLAWILWYNNCHDNSPY
Volatility, 1Y —32.4%35.8% 12.7%
Downside volatility, 1Y —31.7%34.3% 12.6%
Beta vs S&P 500, 1Y —0.880.47 1.00
Return / volatility, 1Y —-1.19-0.26 0.94
Max drawdown, 5Y -19.6%-46.9%-50.4% -25.4%
From 52-week high -9.4%-44.2%-22.5% -1.2%
52-week high $102.00$133.09$117.59 $779.14
52-week low $82.00$71.38$73.95 $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.

MultipleLAWILWYNNCHDN
P/E now vs peer median 26.4xmedian 17.4x 17.0xmedian 17.4x 14.0xmedian 17.4x
P/S now vs peer median 2.1xmedian 1.9x 1.0xmedian 1.9x 2.1xmedian 1.9x
EV/EBITDA now vs peer median 10.9xmedian 10.8x 9.1xmedian 10.8x 10.8xmedian 10.8x
P/FCF now vs peer median 12.8xmedian 11.7x 9.7xmedian 11.7x 11.8xmedian 11.7x
P/B now vs peer median 23.6xmedian 2.5x -8.5xmedian 2.5x 4.5xmedian 2.5x
PEG now vs peer median -4.35median 0.55 0.05median 0.55 1.21median 0.55

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 monthsLAWILWYNNCHDN
Revenue $3.35B $7.41B $3.00B
Gross profit $2.49B $2.30B $1.03B
Operating income $665.00M $1.17B $766.80M
Net income $271.00M $583.88M $455.50M
Free cash flow $555.00M $791.87M $529.90M
R&D $250.00M – –
EPS (diluted) $3.45 $4.36 $6.50
Cash & equivalents $148.00M $1.57B $167.00M
Total debt $20.38B $10.72B $4.72B
Shares (diluted) 78.50M 102.98M 70.00M
Enterprise value $6.43B $1.99B $5.81B

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
MetricLAWILWYNNCHDN
P/E 26.4x 17.0x 14.0x
P/FCF 12.8x 9.7x 11.8x
P/Operating cash flow 8.1x 5.3x 8.3x
P/S 2.1x 1.0x 2.1x
P/B 23.6x -8.5x 4.5x
P/Tangible book -16.8x -6.9x -5.5x
EV/EBITDA 10.9x 9.1x 10.8x
EV/EBIT 18.2x 14.4x 14.1x
EV/Revenue 3.6x 2.3x 3.6x
EV/FCF 21.8x 21.2x 20.4x
EV/Operating cash flow 13.7x 11.5x 14.3x
PEG (3Y EPS CAGR) -4.35 0.05 1.21

Growth

14 metrics
MetricLAWILWYNNCHDN
Revenue growth (1Y) 4.8% 6.4% 4.2%
Revenue CAGR (3Y) 7.0% 14.7% 8.1%
Gross profit growth (1Y) 8.7% 2.7% 6.2%
Gross profit CAGR (3Y) 9.2% -9.5% 10.2%
Operating income growth (1Y) -4.9% 12.8% 11.6%
Operating income CAGR (3Y) 18.3% 35.7% 17.8%
Net income growth (1Y) -22.3% 30.1% 12.4%
Net income CAGR (3Y) -12.6% 98.1% 8.1%
EPS growth (1Y) -14.9% 17.8% 14.3%
EPS CAGR (3Y) -6.1% 312.4% 11.6%
Operating cash flow growth (1Y) 44.5% 12.5% -6.1%
Operating cash flow CAGR (3Y) 75.0% 33.2% 8.9%
Free cash flow growth (1Y) 67.7% 6.5% 17.7%
Free cash flow CAGR (3Y) 46.3% 40.2% 110.1%

Profitability

14 metrics
MetricLAWILWYNNCHDN
Gross margin 74.4% 31.0% 34.1%
EBITDA margin 33.0% 24.9% 33.3%
Operating margin 19.9% 15.7% 25.5%
Pretax margin 10.4% 9.4% 21.1%
Net margin 8.1% 6.1% 15.1%
FCF margin 16.6% 10.7% 17.6%
Operating cash flow margin 26.4% 19.7% 25.2%
Return on equity 88.4% – 33.6%
Return on assets 4.3% 4.5% 6.1%
Return on invested capital 9.5% 10.1% 9.0%
Return on capital employed 11.8% 11.5% 12.4%
Asset turnover 0.5x 0.6x 0.4x
Cash conversion (OCF / net income) 3.3x 2.5x 1.7x
Stock comp / revenue 3.8% 1.2% 1.0%

Financial Health

11 metrics
MetricLAWILWYNNCHDN
Debt / assets 80.6% 81.5% 63.2%
Debt / equity 17.0x -11.8x 3.4x
Net debt / EBITDA 4.5x 5.0x 4.5x
Debt / FCF 9.2x 13.5x 8.9x
Liabilities / assets 95.3% 106.9% 81.5%
Equity / assets 4.7% -6.9% 18.5%
Interest coverage – 1.9x 2.7x
Current ratio 1.7x 0.9x 0.3x
Quick ratio 1.1x 0.7x 0.2x
Cash ratio 0.2x 0.5x 0.1x
Altman Z-score 1.75 1.03 1.47

Shareholder Returns

7 metrics
MetricLAWILWYNNCHDN
Dividend yield – 1.3% 0.5%
Net buyback yield 10.9% 2.2% 1.2%
Shareholder yield 10.9% 3.5% 1.7%
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.

ConsensusLAWILWYNNCHDN
Forward P/E 12.5xFY2026 17.2xFY2026 13.0xFY2026
EPS, next fiscal year $7.40FY2026 $4.32FY2026 $7.03FY2026
EPS growth, next FY +10.6%FY2026 +3.1%FY2026 +14.7%FY2026
EPS growth, the year after +29.3% -3.2% -3.0%
Revenue, next fiscal year $3.61BFY2026 $7.74BFY2026 $3.17BFY2026
Revenue growth, next FY +8.9%FY2026 +8.5%FY2026 +8.2%FY2026
Revenue growth, the year after -5.0% -7.2% +1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWILWYNNCHDN
Held by institutions – 71.9% 85.5%
Institutions holding – 498 464
Change in shares held, QoQ – +3.9% +7.5%
Institutions buying – 212 240
Institutions selling – 192 147
Buyers to sellers – 1.10 1.63

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.

LAWILWYNNCHDN
LAWIL – – –
WYNN – 1.00 0.31
CHDN – 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LAWIL, WYNN and CHDN?

Wynn Resorts (WYNN) is the largest by market capitalisation: Light & Wonder (LAWIL) $7.12B, Wynn Resorts (WYNN) $7.70B, Churchill Downs (CHDN) $6.58B.

Which stock is cheaper, LAWIL, WYNN and CHDN?

Churchill Downs (CHDN) trades on the lowest price-to-earnings ratio (Light & Wonder (LAWIL) 26.4x, Wynn Resorts (WYNN) 17.2x, Churchill Downs (CHDN) 14.5x). On next year's consensus earnings, Light & Wonder (LAWIL) is cheapest (Light & Wonder (LAWIL) 12.5x, Wynn Resorts (WYNN) 17.2x, Churchill Downs (CHDN) 13.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Wynn Resorts (WYNN) grew revenue fastest over the trailing twelve months: Light & Wonder (LAWIL) +4.8%, Wynn Resorts (WYNN) +6.4%, Churchill Downs (CHDN) +4.2%.

Which company is more profitable?

Churchill Downs (CHDN) has the highest net margin (Light & Wonder (LAWIL) 8.1%, Wynn Resorts (WYNN) 6.1%, Churchill Downs (CHDN) 15.1%). On return on invested capital, Wynn Resorts (WYNN) leads (Light & Wonder (LAWIL) 9.5%, Wynn Resorts (WYNN) 10.1%, Churchill Downs (CHDN) 9.0%).

Which stock has performed better?

Over the past year Churchill Downs (CHDN) returned the most: Wynn Resorts (WYNN) -38.6%, Churchill Downs (CHDN) -9.4%. Over five years, Wynn Resorts (WYNN) compounded fastest (Wynn Resorts (WYNN) -3.7%/yr, Churchill Downs (CHDN) -4.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Wynn Resorts (WYNN) has been the steadiest (Wynn Resorts (WYNN) 32.4%, Churchill Downs (CHDN) 35.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAWIL, WYNN and CHDN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Wynn Resorts (WYNN) 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.