Does LIGHT & WONDER, INC. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores LIGHT & WONDER, INC. (LAWIL) 48.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 88, returns on capital 11, balance-sheet safety 0, capital discipline 95.

How has LAWIL's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 48.7 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

LIGHT & WONDER, INC.

LAWIL · Technology · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power88

Median gross margin 66.3% over 8y, stable.

Returns on capital11

Median ROIC 4.5%, above the 9% hurdle in 30% of years.

Balance-sheet safety0

Net debt/EBITDA 4.6x, interest coverage 2x.

Capital discipline95

Owner earnings +10.5%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $336.0M
Est. intrinsic value / share: $48.48
Recent price: —
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for LAWIL yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale48.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — LAWIL has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#203 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#201INTC INTEL CORP49.3 out of 100, Shallow moatShallow moat
#202GPN GLOBAL PAYMENTS INC.49.1 out of 100, Shallow moatShallow moat
#204INOD INNODATA INC.48.7 out of 100, Shallow moatShallow moat
#205OKTA Okta, Inc.48.6 out of 100, Shallow moatShallow moat

Compare LAWIL with its nearest peers →All Technology companies on the Index →

Common questions about LAWIL

Does LIGHT & WONDER, INC. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores LIGHT & WONDER, INC. (LAWIL) 48.7 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 88, returns on capital 11, balance-sheet safety 0, capital discipline 95.
How has LAWIL's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 48.7 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell LAWIL. See the disclaimer.