Light & Wonder Inc (LNW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 835,000 | 1,717,000 | 1,671,000 | 1,544,000 | 1,440,000 | 1,398,000 | 1,663,000 | 1,443,000 | 1,300,000 | 1,734,000 | 1,188,000 | 1,423,000 | 1,470,000 | 1,377,000 | 1,428,000 | 1,138,000 | 1,009,000 | 1,256,000 | 1,227,000 | 1,314,000 |
| Revenue (ttm) | US$ in thousands | 2,887,000 | 2,857,000 | 2,781,000 | 2,655,000 | 2,559,000 | 2,515,000 | 2,782,000 | 2,545,000 | 2,403,000 | 2,721,000 | 2,166,000 | 2,415,000 | 2,454,000 | 2,354,000 | 2,413,000 | 2,057,000 | 2,032,000 | 2,455,000 | 2,744,000 | 3,186,000 |
| Gross profit margin | 28.92% | 60.10% | 60.09% | 58.15% | 56.27% | 55.59% | 59.78% | 56.70% | 54.10% | 63.73% | 54.85% | 58.92% | 59.90% | 58.50% | 59.18% | 55.32% | 49.66% | 51.16% | 44.72% | 41.24% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $835,000K ÷ $2,887,000K
= 28.92%
The gross profit margin of Light & Wonder Inc has exhibited fluctuating trends over the past several quarters. It started at 41.24% as of March 31, 2020, showing an increase to 44.72% by June 30, 2020. The margin continued to improve reaching 51.16% by September 30, 2020, before slightly declining to 49.66% by December 31, 2020.
There was a significant jump in the gross profit margin to 55.32% by March 31, 2021, followed by a steady increase to 59.18% by June 30, 2021, and a peak of 63.73% by September 30, 2022. However, the margin decreased to 54.10% by December 31, 2022.
There was a recovery in the gross profit margin, as it increased to 59.78% by June 30, 2023, before declining slightly to 55.59% by September 30, 2023. The margin then rose to 60.09% by June 30, 2024, and remained stable at around 60% in the subsequent quarters.
The latest data point of December 31, 2024, recorded a notable decrease in the gross profit margin to 28.92%. Overall, the gross profit margin of Light & Wonder Inc has shown variability with some periods of improvement followed by fluctuations and a significant drop in the most recent quarter. Monitoring the trend in the gross profit margin is crucial for assessing the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024