Light & Wonder (LAWIL) Invested Capital (2009 - 2026)
Light & Wonder's Invested Capital was $5.4 billion in Q3 2026, down 4.6% from $5.67 billion a year earlier and down 0.6% from the prior quarter.
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Analysis
Light & Wonder (LAWIL) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Light & Wonder came in at $5.41 billion, up 20.0% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of -4.4% (FY2020 to FY2025).
- In earlier years, Invested Capital was $4.51 billion in FY2024 (-2.9%), $4.64 billion in FY2023 (-8.2%), $5.06 billion in FY2022 (-23.2%) and $6.58 billion in FY2021 (-2.9%).
- The Q3 2026 figure marks the lowest quarterly Invested Capital since Q1 2025.
- Compared with a year earlier, Invested Capital was higher in four of the last eight quarters, with growth averaging 8.2%.
- The best year-over-year quarter for Invested Capital over five years was Q1 2026 (growth of 20.4%); the worst was Q2 2022 (a decline of 26.8%).
- Per Business Quant data, LAWIL's Invested Capital in the three quarters before Q3 2026 was $5.43 billion (Q2 2026), $5.45 billion (Q1 2026) and $5.41 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 26.06 Bn | 12.66 Bn | 1.47 Bn | 15.10 Bn |
| 2 | Flutter Entertainment | 14.35 Bn | 7.74 Bn | 1.52 Bn | 20.47 Bn |
| 3 | Life Time Group Holdings | 10.48 Bn | 9.65 Bn | 419.01 Mn | 4.94 Bn |
| 4 | DraftKings | 9.19 Bn | 4.85 Bn | 551.45 Mn | 1.14 Bn |
| 5 | Wynn Resorts | 8.47 Bn | 2.61 Bn | 655.12 Mn | 9.75 Bn |
| 6 | MGM Resorts International | 8.13 Bn | -1.17 Bn | 1.73 Bn | 9.04 Bn |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | -4.80 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 5.40 Bn |
| 9 | Churchill Downs | 6.86 Bn | 6.09 Bn | 207.00 Mn | 6.10 Bn |
| 10 | Caesars Entertainment | 5.96 Bn | 2.38 Bn | 1.44 Bn | 15.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.40 Bn |
| Jun 30, 2026 | 5.43 Bn |
| Mar 31, 2026 | 5.45 Bn |
| Dec 31, 2025 | 5.41 Bn |
| Sep 30, 2025 | 5.67 Bn |
| Jun 30, 2025 | 5.56 Bn |
| Mar 31, 2025 | 4.53 Bn |
| Dec 31, 2024 | 4.51 Bn |
| Sep 30, 2024 | 4.73 Bn |
| Jun 30, 2024 | 4.66 Bn |
| Mar 31, 2024 | 4.71 Bn |
| Dec 31, 2023 | 4.64 Bn |
| Sep 30, 2023 | 5.02 Bn |
| Jun 30, 2023 | 5.12 Bn |
| Mar 31, 2023 | 5.07 Bn |
| Dec 31, 2022 | 5.06 Bn |
| Sep 30, 2022 | 5.13 Bn |
| Jun 30, 2022 | 4.87 Bn |
| Mar 31, 2022 | 6.70 Bn |
| Dec 31, 2021 | 6.58 Bn |
API Access
Light & Wonder Invested Capital 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=invested-capital&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();