Light & Wonder (LAWIL) Return on Invested Capital [ROIC] (2010 - 2026)
Light & Wonder (LAWIL) posted Return on Invested Capital [ROIC] of 9.62% for Q3 2026, down 1.31 percentage points from 10.94% a year earlier but up 0.14 percentage points from the prior quarter.
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Analysis
Light & Wonder (LAWIL) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Light & Wonder's Return on Invested Capital [ROIC] came in at 10.42%, down 1.24 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +14.06 percentage points (FY2020 to FY2025).
- In prior years, Light & Wonder's Return on Invested Capital [ROIC] was 11.66% in FY2024 (+2.28 pp), 9.38% in FY2023 (+4.69 pp), 4.69% in FY2022 (+4.69 pp) and 0.00% in FY2021 (+3.64 pp).
- Quarterly Return on Invested Capital [ROIC] has run from a low of 0.00% in Q4 2021 to a high of 11.74% in Q1 2025 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last six quarters, with an average year-over-year change of -0.70 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2023, with a gain of 6.61 percentage points; the weakest was Q1 2026, with a drop of 2.70 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 9.49% (Q2 2026), 9.03% (Q1 2026) and 9.32% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 26.06 Bn | 12.66 Bn | 1.47 Bn | 14.92% |
| 2 | Flutter Entertainment | 14.35 Bn | 7.74 Bn | 1.52 Bn | -4.82% |
| 3 | Life Time Group Holdings | 10.48 Bn | 9.65 Bn | 419.01 Mn | 8.63% |
| 4 | DraftKings | 9.19 Bn | 4.85 Bn | 551.45 Mn | -15.70% |
| 5 | Wynn Resorts | 8.47 Bn | 2.61 Bn | 655.12 Mn | 9.51% |
| 6 | MGM Resorts International | 8.13 Bn | -1.17 Bn | 1.73 Bn | 13.52% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | - |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 9.62% |
| 9 | Churchill Downs | 6.86 Bn | 6.09 Bn | 207.00 Mn | 9.02% |
| 10 | Caesars Entertainment | 5.96 Bn | 2.38 Bn | 1.44 Bn | 11.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.62% |
| Jun 30, 2026 | 9.49% |
| Mar 31, 2026 | 9.03% |
| Dec 31, 2025 | 9.32% |
| Sep 30, 2025 | 10.94% |
| Jun 30, 2025 | 10.95% |
| Mar 31, 2025 | 11.74% |
| Dec 31, 2024 | 11.53% |
| Sep 30, 2024 | 11.63% |
| Jun 30, 2024 | 11.64% |
| Mar 31, 2024 | 10.43% |
| Dec 31, 2023 | 9.37% |
| Sep 30, 2023 | 7.27% |
| Jun 30, 2023 | 6.00% |
| Mar 31, 2023 | 6.61% |
| Dec 31, 2022 | 5.36% |
| Sep 30, 2022 | 1.72% |
| Jun 30, 2022 | 0.31% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
API Access
Light & Wonder Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=LAWIL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=LAWIL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();