Light & Wonder (LAWIL) FCF Margin (2009 - 2026)
Light & Wonder (LAWIL) recorded FCF Margin of 17.72% in Q3 2026, up 5.23 percentage points from 12.49% a year earlier but down 1.36 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 17.89% as of Sep 30, 2026, up 5.81 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 six of the last eight quarters, with an average year-over-year change of +3.79 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 19.08% (Q2 2026), 8.23% (Q1 2026) and 25.51% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | -6.20% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -55.03% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 18.31% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -3.29% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | 4.93% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | -2.98% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 7.38% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -323.01% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 17.72% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 12.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 17.72% |
| 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% |
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();