Light & Wonder (LNW)
Market Price (12/29/2025): $0 | Market Cap: $0Sector: Consumer Discretionary | Industry: Casinos & Gaming
Light & Wonder (LNW)
Market Price (12/29/2025): $0Market Cap: $0Sector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, FCF Yield is 5.4% | Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -38% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% | Key risksLNW key risks include [1] high-stakes intellectual property litigation and related shareholder lawsuits concerning its "Dragon Train" slot machines and [2] the failure to achieve expected benefits from strategic acquisitions and integrations. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% | ||
| Low stock price volatilityVol 12M is 49% | ||
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, and Experience Economy & Premiumization. Themes include Gaming Content & Platforms, and Travel & Leisure Tech. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.5%, FCF Yield is 5.4% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, and Experience Economy & Premiumization. Themes include Gaming Content & Platforms, and Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -38% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 66% |
| Key risksLNW key risks include [1] high-stakes intellectual property litigation and related shareholder lawsuits concerning its "Dragon Train" slot machines and [2] the failure to achieve expected benefits from strategic acquisitions and integrations. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Mixed Third Quarter 2025 Earnings
Light & Wonder reported its third-quarter 2025 results for the period ending September 30, 2025, with an earnings call held on November 5, 2025. These "mixed earnings reports" were cited as a primary reason for the stock's decline.
2. Proposed NASDAQ Delisting and ASX Listing
A significant factor contributing to the stock's decline was the company's stated plans to delist from NASDAQ and list solely on the Australian Securities Exchange. This strategic decision was highlighted in an October 24, 2025, article as a primary reason for the stock's downward movement.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| LNW | 0.8% | |
| Market (SPY) | 4.3% | 16.0% |
| Sector (XLY) | 1.8% | 19.3% |
Fundamental Drivers
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Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| LNW | -10.7% | |
| Market (SPY) | 12.6% | 22.1% |
| Sector (XLY) | 11.9% | 23.1% |
Fundamental Drivers
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Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| LNW | -0.5% | |
| Market (SPY) | 17.0% | 43.9% |
| Sector (XLY) | 7.0% | 42.0% |
Fundamental Drivers
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Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| LNW | 4.3% | |
| Market (SPY) | 48.4% | 43.4% |
| Sector (XLY) | 38.6% | 39.4% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LNW Return | 55% | 61% | -12% | 40% | 5% | -1% | 220% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| LNW Win Rate | 58% | 58% | 33% | 58% | 67% | 55% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| LNW Max Drawdown | -85% | -10% | -38% | -6% | -5% | -17% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | LNW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -53.8% | -25.4% |
| % Gain to Breakeven | 116.5% | 34.1% |
| Time to Breakeven | 507 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -86.5% | -33.9% |
| % Gain to Breakeven | 639.4% | 51.3% |
| Time to Breakeven | 181 days | 148 days |
| 2018 Correction | ||
| % Loss | -75.6% | -19.8% |
| % Gain to Breakeven | 310.1% | 24.7% |
| Time to Breakeven | 881 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -74.3% | -56.8% |
| % Gain to Breakeven | 289.1% | 131.3% |
| Time to Breakeven | 3,122 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Light & Wonder's stock fell -53.8% during the 2022 Inflation Shock from a high on 10/27/2021. A -53.8% loss requires a 116.5% gain to breakeven.
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AI Analysis | Feedback
Here are 1-2 brief analogies for Light & Wonder (LNW):
- Like Electronic Arts (EA), but for casino games – they develop the popular slot machine games found in physical casinos and online.
- Imagine NCR (National Cash Register) for the casino world, supplying the physical slot machines and digital gaming platforms that power casino operations.
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Here are the major products and services of Light & Wonder (LNW):- Gaming Machines: Design, manufacture, and sell or lease physical slot machines and electronic gaming terminals for land-based casinos globally.
- Casino Management Systems: Provide comprehensive software and hardware solutions that enable casino operators to manage their gaming floors, player tracking, and operational analytics.
- Table Products: Offer proprietary table games, utility products like automatic card shufflers, and chip systems for live casino table games.
- iGaming Content: Develop and license a diverse portfolio of online slot and table games for real-money regulated online casinos and aggregation platforms.
- Social Casino Games: Create and operate free-to-play social casino games for mobile and web platforms, primarily through their SciPlay subsidiary.
AI Analysis | Feedback
Light & Wonder (LNW) primarily sells its products and services to other businesses (B2B) within the global gaming industry.
Based on its 2023 financial reporting, the combined revenue from its Gaming and iGaming segments (B2B) significantly exceeds the revenue from its SciPlay segment (B2C), indicating a primary focus on business customers.
Due to the broad and diversified nature of its global customer base, Light & Wonder does not disclose specific individual companies as "major customers" (i.e., those accounting for 10% or more of its revenue) in its public filings. However, its major customer categories within the B2B sector include:
-
Land-based Casino Operators: These companies own and operate commercial, tribal, and regional casinos worldwide. They purchase or lease Light & Wonder's gaming machines (slots), table games, shufflers, and casino management systems.
Examples of prominent public companies that operate casinos and are highly likely customers:- MGM Resorts International (MGM)
- Caesars Entertainment, Inc. (CZR)
-
Online Gaming (iGaming) Operators: These companies operate real-money online casino platforms and applications. They license Light & Wonder's extensive portfolio of digital game content and utilize its iGaming platforms.
Examples of prominent public companies that operate online gaming platforms and are highly likely customers:- DraftKings Inc. (DKNG)
- Rush Street Interactive, Inc. (RSI)
Please note: The examples provided are representative of the types of companies Light & Wonder serves and are highly likely customers given their market presence, but Light & Wonder does not publicly designate them as "major customers" due to the widespread distribution of its products and services across the industry.
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Matt Wilson, President and Chief Executive Officer
Matt Wilson became the President and CEO of Light & Wonder in October 2022. He began working for Light & Wonder (then Scientific Games) in March 2020. Prior to his time at Light & Wonder, Wilson spent over 15 years in various roles at Aristocrat, including President and Managing Director Americas, Senior Vice President of Global Gaming Operations, and Senior Vice President of Sales and Marketing, Americas.
Oliver Chow, Executive Vice President and Chief Financial Officer
Oliver Chow serves as Light & Wonder's Chief Financial Officer, a position he officially assumed in December 2023 after serving as interim CFO since August 2023. He joined Light & Wonder in October 2022 as Senior Vice President, Corporate Finance. Before joining Light & Wonder, Chow spent over five years at Aristocrat, where his last role was Gaming CFO of the Americas, EMEA, and Customer Experience Solutions. His financial background also includes experience in banking at JPMorgan Chase & Co. and entertainment with Deluxe Entertainment Services and Universal Pictures.
Siobhan Lane, Executive Vice President and Chief Executive Officer, Gaming
Siobhan Lane was promoted to lead Light & Wonder's Gaming division in October 2022. She joined Light & Wonder (formerly Scientific Games) in February 2020, serving as Senior Vice President and Chief Commercial Officer, Gaming. In this role, she oversaw all aspects of the commercial Gaming business, including product management, marketing, data & analytics, and led the North America region of Gaming.
Simon Johnson, Executive Vice President and Chief Executive Officer, iGaming
Simon Johnson holds the position of Executive Vice President and Chief Executive Officer of iGaming at Light & Wonder. He has been with the company since 2017. Previously, he was the Managing Director, International - Gaming, where he was responsible for the land-based gaming business across Europe, the Middle East, Africa, Asia, and Australia.
James Sottile, Executive Vice President and Chief Legal Officer
James Sottile is the Executive Vice President and Chief Legal Officer for Light & Wonder, overseeing the company's legal strategy and operations. He brings over 30 years of experience from various industries. Before joining Light & Wonder, Sottile was a partner at Jones Day.
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Light & Wonder (LNW) faces several key risks to its business operations and financial performance.The most significant risk stems from **intellectual property litigation and related class-action lawsuits**. Light & Wonder is currently embroiled in a high-stakes intellectual property dispute with Aristocrat Technologies, with allegations of trade secret misappropriation and copyright infringement related to LNW's "Dragon Train" slot machines. A court order in September 2024 enjoined LNW from commercializing "Dragon Train," which led to a significant drop in the company's stock price and has prompted an investigation by a shareholder rights law firm for potential violations of federal securities laws. This ongoing legal battle could result in substantial financial and reputational damage, and impacts potential revenue streams and raises concerns about the company's innovation and product development strategies.
Another crucial risk involves **economic and regulatory challenges**. The gaming industry, in which Light & Wonder operates, is highly sensitive to economic fluctuations, consumer sentiment, and discretionary spending, which can be affected by broader economic conditions like interest rates and inflation. The company must also navigate complex and evolving regulatory landscapes across numerous jurisdictions globally, which can impact its operations and profitability. Intense competition and the rapid pace of technological change within the industry further necessitate continuous innovation to maintain market share.
Finally, **the failure to successfully execute its strategy and limitations in gaming market growth** present ongoing risks. Light & Wonder's future results can be negatively impacted by slow growth or declines in the replacement cycle of gaming machines, as well as the slow growth of new gaming jurisdictions or the slow addition of casinos in existing ones. The company also faces risks related to the successful execution of its strategic roadmap, including its ability to achieve expected operational, strategic, and financial benefits from acquisitions and to effectively integrate new businesses.
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Light & Wonder (LNW) operates in several key segments. The addressable market sizes for its main products and services are as follows:
- iGaming: The potential addressable market for iGaming in the United States is estimated to be approximately $30 billion in gross gaming revenue (GGR) if all U.S. states with legal land-based casino or tribal gaming adopted iGaming. Another estimate puts the potential U.S. iGaming market by annual revenue at $47.86 billion if legalized in all 44 states that currently have legal land-based commercial or tribal casinos or mobile sports betting. This market size is for the United States.
- Gaming (Land-based casino products and systems): Null
- SciPlay (Social Casino Gaming): Null
- Charitable Gaming: Null
AI Analysis | Feedback
Light & Wonder (LNW) is expected to drive future revenue growth over the next 2-3 years through several key strategies across its diverse portfolio:- Gaming Segment Expansion: Light & Wonder anticipates growth in its Gaming segment, primarily fueled by increased global gaming machine sales and an expanding North American premium installed base. The company aims to increase its North American Premium footprint market share by 400 basis points and its Global Game Sales market share by 400 basis points by 2028. This is also supported by continued growth in Gaming Systems revenue through increased software adoption and maintaining its leadership in Table Products.
- iGaming Market Penetration: The iGaming segment is a significant growth driver, with continued strong momentum in North American and European markets and successful content launches. Light & Wonder plans to grow its global market share of first-party content by 300 basis points to over 10% by 2028, enter new markets, and expand service offerings and platform capabilities by growing its Player Account Management (PAM) customer base.
- SciPlay Growth and Direct-to-Consumer (DTC) Platform: SciPlay's revenue is driven by the performance of its social casino games and the expansion of its direct-to-consumer platform. The company targets increasing Average Revenue Per Daily Active User (ARPDAU) by over 30% from 2024 to 2028 through enhanced Live Ops and targeted market expansion, and scaling Direct-to-Consumer to 30% of revenue over the same period.
- Strategic Acquisitions: Acquisitions play a role in Light & Wonder's growth strategy. The acquisition of Grover Charitable Gaming is highlighted as a strategic move to boost recurring revenue. This acquisition contributed $21 million to consolidated revenue during the second quarter of 2025.
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Share Repurchases
- Light & Wonder initiated a share repurchase program in March 2022, under which the Company has returned approximately $1.5 billion to shareholders by repurchasing 19.9 million shares through October 31, 2025.
- The company's share repurchase authorization was expanded by $500 million to a total of $1.5 billion on July 31, 2025.
- As of October 31, 2025, Light & Wonder had approximately $735 million remaining capacity under its existing authorized share repurchase program.
Outbound Investments
- Light & Wonder completed the acquisition of Grover Gaming's charitable gaming assets for $850 million in cash, plus a four-year revenue-based earn-out of up to $200 million, with the transaction closing on May 16, 2025.
- In November 2021, the company acquired Authentic Gaming, a provider of live streaming casino games.
- Light & Wonder acquired Playzido in May 2022, following a prior exclusive distribution agreement.
Capital Expenditures
- Capital expenditures were $79 million in the third quarter of 2025 and $78 million in the second quarter of 2025.
- For the full year 2024, capital expenditures were $242 million, with forecasts of $294 million for 2025 and $301.1 million for 2026.
- The primary focus of these expenditures includes investments in gaming operations, research and development (R&D), and content development to expand the gaming installed base and grow recurring revenue streams.
Latest Trefis Analyses
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Trade Ideas
Select ideas related to LNW. For more, see Trefis Trade Ideas.
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| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 13.7% | 13.7% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.0% | 6.0% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.7% | 19.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.6% |
| 10172025 | LNW | Light & Wonder | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.4% | 12.4% | -6.2% |
Research & Analysis
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Peer Comparisons for Light & Wonder
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 78.16 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 19.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 20.8% |
| CFO/Rev 3Y Avg | 19.4% |
| FCF/Rev LTM | 15.1% |
| FCF/Rev 3Y Avg | 13.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 3.3 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 16.2 |
| Total Yield | 5.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Gaming | 1,850 | 1,601 | 1,321 | 1,748 | |
| SciPlay | 777 | 671 | 606 | 466 | |
| iGaming | 275 | 240 | 226 | ||
| Unallocated and Reconciling Items | 0 | 0 | |||
| Digital | 275 | ||||
| Lottery | 911 | ||||
| Total | 2,902 | 2,512 | 2,153 | 3,400 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Gaming | 4,023 | 4,073 | 4,112 | 4,364 | 4,932 |
| iGaming | 712 | 626 | 633 | 423 | |
| SciPlay | 473 | 761 | 696 | 564 | 379 |
| Unallocated and Reconciling Items | 344 | 549 | 468 | 718 | 286 |
| Total assets of businesses held for sale | 1,974 | 1,915 | |||
| Digital | 891 | ||||
| Lottery | 1,321 | ||||
| Total | 5,552 | 6,009 | 7,883 | 7,984 | 7,809 |
Price Behavior
| Market Price | $85.60 | |
| Market Cap ($ Bil) | 7.2 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -23.2% | |
| 50 Days | 200 Days | |
| DMA Price | $81.98 | $89.50 |
| DMA Trend | down | down |
| Distance from DMA | 4.4% | -4.4% |
| 3M | 1YR | |
| Volatility | 46.3% | 49.3% |
| Downside Capture | 8.31 | 124.00 |
| Upside Capture | 13.76 | 105.77 |
| Correlation (SPY) | 13.1% | 43.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.55 | 0.41 | 0.54 | 0.82 | 1.04 | 1.15 |
| Up Beta | 3.45 | 2.19 | 2.20 | 1.35 | 0.91 | 1.08 |
| Down Beta | 0.10 | 0.00 | -0.09 | -0.06 | 1.06 | 1.19 |
| Up Capture | 144% | 17% | 8% | 69% | 100% | 137% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 7 | 15 | 25 | 58 | 121 | 383 |
| Down Capture | -105% | 7% | 63% | 130% | 115% | 105% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 3 | 17 | 28 | 57 | 116 | 354 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of LNW With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| LNW | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 0.2% | 7.5% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 48.8% | 24.3% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.16 | 0.24 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 42.0% | 44.0% | -5.5% | 14.6% | 29.3% | 5.1% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of LNW With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| LNW | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 16.2% | 9.6% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 46.0% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.49 | 0.36 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 53.4% | 54.0% | 1.2% | 13.4% | 38.4% | 24.3% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of LNW With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| LNW | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 26.9% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 63.5% | 21.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.65 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 48.3% | 48.4% | 1.4% | 21.1% | 37.1% | 17.4% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/5/2025 | 8.5% | 17.4% | 16.6% |
| 8/6/2025 | -14.4% | -2.6% | -1.9% |
| 5/7/2025 | -14.0% | -10.1% | -7.1% |
| 2/25/2025 | 6.9% | 4.9% | 3.8% |
| 11/12/2024 | -10.0% | -10.9% | -8.9% |
| 8/7/2024 | 1.8% | 1.5% | 4.5% |
| 5/8/2024 | -5.1% | -1.9% | 1.2% |
| 2/27/2024 | 0.9% | 2.7% | 7.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 15 |
| # Negative | 12 | 11 | 8 |
| Median Positive | 7.0% | 9.2% | 7.6% |
| Median Negative | -6.0% | -4.4% | -9.1% |
| Max Positive | 12.8% | 20.8% | 36.6% |
| Max Negative | -18.0% | -29.0% | -86.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11052025 | 10-Q 9/30/2025 |
| 6302025 | 8062025 | 10-Q 6/30/2025 |
| 3312025 | 5072025 | 10-Q 3/31/2025 |
| 12312024 | 2252025 | 10-K 12/31/2024 |
| 9302024 | 11122024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-Q 6/30/2024 |
| 3312024 | 5082024 | 10-Q 3/31/2024 |
| 12312023 | 2272024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8082023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11092022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 3012022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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