Invesaro

Stocks Comparison

Light & Wonder vs Parsons: revenue, profit, margins and growth compared

Light & Wonder brought in $3.3B of revenue in fiscal 2025, Parsons $6.4B in fiscal 2025. Revenue changed by +4.0% at Light & Wonder and -5.7% at Parsons on the year before, so Light & Wonder grew faster. Light & Wonder kept 8.3% of its revenue as net profit, Parsons 3.8%.

Side by side, latest fiscal year

LNWOPSN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.3B$6.4B
Revenue growth+4.0%-5.7%
Net income$276M$241.1M
Net margin8.3%3.8%
Free cash flown/a$410.4M
Free cash flow marginn/a6.4%
Earnings per share (diluted)$3.26$2.20
Cash$167M$466.4M
Debt$5.2B$1.2B
Price to earnings24.018.9
Market value$6B$4.4B
Dividend yieldn/an/a
Rank by revenue in sector#120 of 731 · Technology#82 of 731 · Technology

Over the years

Revenue
LNWO FY2018: $3.4BLNWO FY2019: $2.4BLNWO FY2020: $1.7BLNWO FY2021: $2.2BLNWO FY2022: $2.5BLNWO FY2023: $2.9BLNWO FY2024: $3.2BLNWO FY2025: $3.3BPSN FY2019: $3.6BPSN FY2019: $4BPSN FY2020: $3.9BPSN FY2021: $3.7BPSN FY2022: $4.2BPSN FY2023: $5.4BPSN FY2024: $6.8BPSN FY2025: $6.4BFY18FY19FY20FY21FY22FY23FY24FY25
LNWO $3.3BPSN $6.4B
Net income
LNWO FY2018: -$352MLNWO FY2019: -$130MLNWO FY2020: -$569MLNWO FY2021: $371MLNWO FY2022: $3.7BLNWO FY2023: $163MLNWO FY2024: $336MLNWO FY2025: $276MPSN FY2019: $222.3MPSN FY2019: $120.5MPSN FY2020: $98.5MPSN FY2021: $64.1MPSN FY2022: $96.7MPSN FY2023: $161.1MPSN FY2024: $235.1MPSN FY2025: $241.1MFY18FY19FY20FY21FY22FY23FY24FY25
LNWO $276MPSN $241.1M
Net margin
LNWO FY2018: -10.5%LNWO FY2019: -5.4%LNWO FY2020: -33.5%LNWO FY2021: 17.2%LNWO FY2022: 146.3%LNWO FY2023: 5.6%LNWO FY2024: 10.5%LNWO FY2025: 8.3%PSN FY2019: 6.2%PSN FY2019: 3.0%PSN FY2020: 2.5%PSN FY2021: 1.8%PSN FY2022: 2.3%PSN FY2023: 3.0%PSN FY2024: 3.5%PSN FY2025: 3.8%FY18FY19FY20FY21FY22FY23FY24FY25
LNWO 8.3%PSN 3.8%
Revenue growth
LNWO FY2019: -29.0%LNWO FY2020: -28.9%LNWO FY2021: +26.7%LNWO FY2022: +16.7%LNWO FY2023: +15.5%LNWO FY2024: +9.9%LNWO FY2025: +4.0%PSN FY2019: +11.1%PSN FY2020: -0.9%PSN FY2021: -6.6%PSN FY2022: +14.6%PSN FY2023: +29.7%PSN FY2024: +24.0%PSN FY2025: -5.7%FY19FY20FY21FY22FY23FY24FY25
LNWO +4.0%PSN -5.7%
Free cash flow
LNWO FY2018: -$45MLNWO FY2019: $261MPSN FY2019: $255.4MPSN FY2019: $152.6MPSN FY2020: $255.1MPSN FY2021: $184.5MPSN FY2022: $206.9MPSN FY2023: $367.3MPSN FY2024: $474.4MPSN FY2025: $410.4MFY18FY19FY20FY21FY22FY23FY24FY25
LNWO $261MPSN $410.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Light & Wonder and Parsons

Which is bigger by revenue, Light & Wonder or Parsons?

Parsons is bigger by revenue: $6.4B in fiscal 2025, against $3.3B for Light & Wonder in fiscal 2025.

Which keeps more of its revenue as profit, Light & Wonder or Parsons?

Light & Wonder had a net margin of 8.3% in fiscal 2025; Parsons had 3.8% in fiscal 2025.

Which grew revenue faster, Light & Wonder or Parsons?

In their latest fiscal years revenue changed by +4.0% at Light & Wonder and -5.7% at Parsons.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies