Light & Wonder (LAWIL) EBT Margin (2009 - 2026)
Light & Wonder's EBT Margin came in at 20.27% for Q3 2026, up 3.74 percentage points from 16.53% a year earlier and up 2.15 percentage points from the prior quarter.
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Analysis
Light & Wonder (LAWIL) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Light & Wonder reported EBT Margin of 11.31%, down 4.21 percentage points year-over-year; for FY2025, it was 11.01%, down 2.19 percentage points from FY2024.
- EBT Margin carries a five-year change of +58.34 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 13.21% in FY2024 (+6.14 pp), 7.06% in FY2023 (+13.55 pp), -6.49% in FY2022 (+7.17 pp) and -13.66% in FY2021 (+33.67 pp).
- The Q3 2026 figure represents the highest quarterly EBT Margin since Q4 2018.
- Year-over-year, EBT Margin increased in six of the last eight quarters, with an average year-over-year change of +0.14 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q2 2023 (a gain of 27.16 percentage points), and the weakest in Q4 2025 (a drop of 16.79 percentage points).
- Business Quant data shows LAWIL's EBT Margin at 18.12% (Q2 2026), 7.85% (Q1 2026) and -0.22% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 2.51% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -93.49% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 14.12% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -36.02% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -32.09% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 16.10% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 0.52% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -73.31% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 20.27% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 15.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.27% |
| Jun 30, 2026 | 18.12% |
| Mar 31, 2026 | 7.85% |
| Dec 31, 2025 | -0.22% |
| Sep 30, 2025 | 16.53% |
| Jun 30, 2025 | 15.33% |
| Mar 31, 2025 | 13.57% |
| Dec 31, 2024 | 16.56% |
| Sep 30, 2024 | 9.91% |
| Jun 30, 2024 | 13.20% |
| Mar 31, 2024 | 13.23% |
| Dec 31, 2023 | 8.56% |
| Sep 30, 2023 | 12.86% |
| Jun 30, 2023 | 2.74% |
| Mar 31, 2023 | 3.88% |
| Dec 31, 2022 | 3.81% |
| Sep 30, 2022 | 3.70% |
| Jun 30, 2022 | -24.43% |
| Mar 31, 2022 | -11.19% |
| Dec 31, 2021 | -15.86% |
API Access
Light & Wonder EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "LAWIL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();