MLCO vs LAWIL Stock Comparison

Melco Resorts & Entertainment and Light & Wonder Prices as of Oct 26, 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

8 decided of 12

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

QuestionMLCOLAWILLeader
Larger companyMarket capitalisation $1.52B $7.12B LAWIL
Cheaper on earningsLower P/E, profitable companies only 6.5x 26.4x MLCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.1x 12.5x MLCO
Faster revenue growthRevenue growth, trailing twelve months +5.2% +4.8% MLCO
More profitableNet margin, trailing twelve months 5.0% 8.1% LAWIL
Better return on capitalReturn on invested capital 231.9% 9.5% MLCO
Less leveragedLower net debt / EBITDA -2.9x 4.5x MLCO
Higher dividend yieldTrailing dividend yield 0.00% — –
Better 1-year returnPrice return, last 12 months -53.4% — –
Better 5-year returnAnnualised price return, 5 years -19.1%/yr — –
Less volatileAnnualised volatility, 1 year 39.3% — –
Higher overall scoreMean of the five percentile scores vs peers 85/100 64/100 MLCO

Percentile Scorecard

MLCOLAWIL

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

AxisMLCOLAWIL
Valuation 100 #1 of 44 49 #23 of 44
Growth 91 #5 of 43 67 #15 of 43
Profitability 88 #6 of 41 85 #7 of 41
Financial Health 61 #19 of 47 35 #31 of 47
Shareholder Returns – 85 #5 of 28
Overall 85 64
  • MLCO ranked among 48 companies in Gaming and Leisure
  • LAWIL 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

PeriodMLCOLAWILSPY
1 month -18.0%+10.1% -0.8%
3 months -31.0%+12.7% +3.5%
6 months -30.6%-9.4% +7.0%
Year to date -48.7%— +12.2%
1 year -53.4%— +13.0%
3 years -53.8%— +86.3%
3 years, per year -22.7%— +23.1%
5 years -65.2%— +68.6%
5 years, per year -19.1%— +11.0%
10 years -77.5%— +258.0%
10 years, per year -13.9%— +13.6%

Risk

MeasureMLCOLAWILSPY
Volatility, 1Y 39.3%— 12.7%
Downside volatility, 1Y 46.8%— 12.7%
Beta vs S&P 500, 1Y 0.68— 1.00
Return / volatility, 1Y -1.36— 1.02
Max drawdown, 5Y -74.1%-19.6% -25.4%
From 52-week high -58.7%-9.4% -1.8%
52-week high $9.39$102.00 $779.14
52-week low $3.73$82.00 $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.

MultipleMLCOLAWIL
P/E now vs peer median 6.6xmedian 17.1x 26.4xmedian 17.1x
P/S now vs peer median 0.3xmedian 1.9x 2.1xmedian 1.9x
EV/EBITDA now vs peer median 7.5xmedian 10.9x 10.9xmedian 10.9x
P/FCF now vs peer median 3.1xmedian 11.4x 12.8xmedian 11.4x
P/B now vs peer median 179.9xmedian 2.5x 23.6xmedian 2.5x
PEG now vs peer median 0.19median 0.57 -4.35median 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 monthsMLCOLAWIL
Revenue $4.69B $3.35B
Gross profit $4.54B $2.49B
Operating income $477.81M $665.00M
Net income $196.16M $271.00M
Free cash flow $506.29M $555.00M
R&D $4.78M $250.00M
EPS (diluted) $0.59 $3.45
Cash & equivalents $454.26M $148.00M
Total debt $14.51M $20.38B
Shares (diluted) 400.63M 78.50M
Enterprise value -$1.42B $6.43B

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
MetricMLCOLAWIL
P/E 6.6x 26.4x
P/FCF 3.1x 12.8x
P/Operating cash flow 2.0x 8.1x
P/S 0.3x 2.1x
P/B 179.9x 23.6x
P/Tangible book -9.0x -16.8x
EV/EBITDA 7.5x 10.9x
EV/EBIT 2.4x 18.2x
EV/Revenue 0.2x 3.6x
EV/FCF 2.2x 21.8x
EV/Operating cash flow 1.4x 13.7x
PEG (3Y EPS CAGR) 0.19 -4.35

Growth

14 metrics
MetricMLCOLAWIL
Revenue growth (1Y) 5.2% 4.8%
Revenue CAGR (3Y) 35.8% 7.0%
Gross profit growth (1Y) 5.4% 8.7%
Gross profit CAGR (3Y) 35.9% 9.2%
Operating income growth (1Y) 24.6% -4.9%
Operating income CAGR (3Y) 53.5% 18.3%
Net income growth (1Y) 914.5% -22.3%
Net income CAGR (3Y) 32.2% -12.6%
EPS growth (1Y) 347.7% -14.9%
EPS CAGR (3Y) 34.2% -6.1%
Operating cash flow growth (1Y) 3.7% 44.5%
Operating cash flow CAGR (3Y) 84.2% 75.0%
Free cash flow growth (1Y) -3.5% 67.7%
Free cash flow CAGR (3Y) 38.1% 46.3%

Profitability

14 metrics
MetricMLCOLAWIL
Gross margin 96.6% 74.4%
EBITDA margin 3.3% 33.0%
Operating margin 10.2% 19.9%
Pretax margin 4.0% 10.4%
Net margin 5.0% 8.1%
FCF margin 10.8% 16.6%
Operating cash flow margin 16.9% 26.4%
Return on equity 1,233% 88.4%
Return on assets 3.2% 4.3%
Return on invested capital 231.9% 9.5%
Return on capital employed 9.4% 11.8%
Asset turnover 0.8x 0.5x
Cash conversion (OCF / net income) 4.0x 3.3x
Stock comp / revenue – 3.8%

Financial Health

11 metrics
MetricMLCOLAWIL
Debt / assets 0.2% 80.6%
Debt / equity 1.7x 17.0x
Net debt / EBITDA -2.9x 4.5x
Debt / FCF 0.0x 9.2x
Liabilities / assets 99.9% 95.3%
Equity / assets 0.1% 4.7%
Interest coverage 1.4x –
Current ratio 1.0x 1.7x
Quick ratio 1.0x 1.1x
Cash ratio 0.5x 0.2x
Altman Z-score 0.73 1.75

Shareholder Returns

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

ConsensusMLCOLAWIL
Forward P/E 11.1xFY2026 12.5xFY2026
EPS, next fiscal year $0.35FY2026 $7.40FY2026
EPS growth, next FY -23.9%FY2026 +10.6%FY2026
EPS growth, the year after +57.1% +29.3%
Revenue, next fiscal year $5.39BFY2026 $3.61BFY2026
Revenue growth, next FY +4.4%FY2026 +8.9%FY2026
Revenue growth, the year after -8.0% -5.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMLCOLAWIL
Held by institutions 25.7% –
Institutions holding 165 –
Change in shares held, QoQ -6.1% –
Institutions buying 84 –
Institutions selling 49 –
Buyers to sellers 1.71 –

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.

MLCOLAWIL
MLCO 1.00 –
LAWIL – –

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MLCO and LAWIL?

Light & Wonder (LAWIL) is the largest by market capitalisation: Melco Resorts & Entertainment (MLCO) $1.52B, Light & Wonder (LAWIL) $7.12B.

Which stock is cheaper, MLCO and LAWIL?

Melco Resorts & Entertainment (MLCO) trades on the lowest price-to-earnings ratio (Melco Resorts & Entertainment (MLCO) 6.5x, Light & Wonder (LAWIL) 26.4x). On next year's consensus earnings, Melco Resorts & Entertainment (MLCO) is cheapest (Melco Resorts & Entertainment (MLCO) 11.1x, Light & Wonder (LAWIL) 12.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

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

Which company is more profitable?

Light & Wonder (LAWIL) has the highest net margin (Melco Resorts & Entertainment (MLCO) 5.0%, Light & Wonder (LAWIL) 8.1%). On return on invested capital, Melco Resorts & Entertainment (MLCO) leads (Melco Resorts & Entertainment (MLCO) 231.9%, Light & Wonder (LAWIL) 9.5%).

Which is the better stock, MLCO and LAWIL?

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