Light & Wonder (LAWIL) FCF Margin (2009 - 2026)
Light & Wonder (LAWIL) recorded FCF Margin of 19.08% in Q2 2026, up 15.62 percentage points from 3.46% a year earlier and up 10.85 percentage points from the prior quarter.
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Analysis
Light & Wonder (LAWIL) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Light & Wonder's FCF Margin came in at 16.57% as of Jun 30, 2026, up 6.22 percentage points year-over-year; for FY2025, it was 14.60%, up 4.00 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -5.05 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 10.60% in FY2024 (-1.39 pp), 11.99% in FY2023 (+37.51 pp), -25.52% in FY2022 (-49.39 pp) and 23.87% in FY2021 (+4.22 pp).
- Quarterly FCF Margin has ranged from -71.14% in Q3 2022 to 29.83% in Q4 2021 over the past five years.
- On a year-over-year basis, FCF Margin rose in five of the last eight quarters, with an average year-over-year change of +1.56 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 89.47 percentage points in Q3 2023, against a drop of 97.86 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.23% (Q1 2026), 25.51% (Q4 2025) and 12.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.88 Bn | 9.98 Bn | 1.48 Bn | 11.10% |
| 2 | Flutter Entertainment | 14.26 Bn | 7.63 Bn | 1.71 Bn | 8.07% |
| 3 | DraftKings | 10.31 Bn | 5.97 Bn | 551.45 Mn | 7.40% |
| 4 | Madison Square Garden Sports | 9.40 Bn | 8.99 Bn | 119.21 Mn | 20.67% |
| 5 | Life Time Group Holdings | 9.34 Bn | 8.57 Bn | 412.26 Mn | -6.20% |
| 6 | Wynn Resorts | 7.72 Bn | 2.01 Bn | 758.95 Mn | 18.25% |
| 7 | MGM Resorts International | 7.51 Bn | -1.53 Bn | 1.98 Bn | 7.13% |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 19.08% |
| 9 | Caesars Entertainment | 5.93 Bn | 2.38 Bn | 1.50 Bn | 10.16% |
| 10 | Churchill Downs | 5.91 Bn | 5.13 Bn | 419.00 Mn | 16.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.08% |
| Mar 31, 2026 | 8.23% |
| Dec 31, 2025 | 25.51% |
| Sep 30, 2025 | 12.49% |
| Jun 30, 2025 | 3.46% |
| Mar 31, 2025 | 16.02% |
| Dec 31, 2024 | 16.56% |
| Sep 30, 2024 | 5.75% |
| Jun 30, 2024 | 6.72% |
| Mar 31, 2024 | 13.89% |
| Dec 31, 2023 | 13.88% |
| Sep 30, 2023 | 18.33% |
| Jun 30, 2023 | -3.42% |
| Mar 31, 2023 | 19.70% |
| Dec 31, 2022 | -20.09% |
| Sep 30, 2022 | -71.14% |
| Jun 30, 2022 | -15.41% |
| Mar 31, 2022 | 8.92% |
| Dec 31, 2021 | 29.83% |
| Sep 30, 2021 | 26.72% |
API Access
Light & Wonder FCF 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=fcf-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();