Light & Wonder (LAWIL) Net Margin (2009 - 2026)
Light & Wonder's Net Margin came in at 16.14% for Q3 2026, up 2.59 percentage points from 13.56% a year earlier and up 1.65 percentage points from the prior quarter.
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Analysis
Light & Wonder (LAWIL) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Light & Wonder reported Net Margin of 8.70%, down 3.68 percentage points year-over-year; for FY2025, it was 8.33%, down 2.21 percentage points from FY2024.
- Net Margin carries a five-year change of +41.82 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 10.54% in FY2024 (+4.92 pp), 5.62% in FY2023 (-140.68 pp), 146.30% in FY2022 (+129.07 pp) and 17.23% in FY2021 (+50.72 pp).
- The Q3 2026 figure represents the highest quarterly Net Margin since Q3 2022.
- Year-over-year, Net Margin increased in five of the last eight quarters, with an average year-over-year change of -0.23 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q2 2022 (a gain of 520.75 percentage points), and the weakest in Q2 2023 (a drop of 539.64 percentage points).
- Business Quant data shows LAWIL's Net Margin at 14.49% (Q2 2026), 6.58% (Q1 2026) and -1.69% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 1.03% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -68.38% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 9.45% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -35.27% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -22.25% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 11.92% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | -0.41% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -68.45% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 16.14% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 11.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.14% |
| Jun 30, 2026 | 14.49% |
| Mar 31, 2026 | 6.58% |
| Dec 31, 2025 | -1.69% |
| Sep 30, 2025 | 13.56% |
| Jun 30, 2025 | 11.74% |
| Mar 31, 2025 | 10.59% |
| Dec 31, 2024 | 13.55% |
| Sep 30, 2024 | 7.83% |
| Jun 30, 2024 | 10.02% |
| Mar 31, 2024 | 10.85% |
| Dec 31, 2023 | 8.69% |
| Sep 30, 2023 | 10.26% |
| Jun 30, 2023 | -0.14% |
| Mar 31, 2023 | 3.28% |
| Dec 31, 2022 | 4.40% |
| Sep 30, 2022 | 50.62% |
| Jun 30, 2022 | 539.51% |
| Mar 31, 2022 | 4.55% |
| Dec 31, 2021 | 16.38% |
API Access
Light & Wonder Net 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=net-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();