BRSLBrightstar Lottery PLC

$9.84-37% 1Y

Is the business good?

Mixed

The checks split: nothing decisive, though returns that lean on debt.

1 to watch, 1 neutral, 2 without data
Margin direction, 3 yearsStable

Margins have held roughly steady, a stable cost structure.

Where ROE comes from10.5× leverage

Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 17% = margin × turnover × leverage.

All from derived.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

How good a business is BRSL?

Brightstar Lottery PLC keeps 5.9% of every revenue dollar as profit after everything, against 2.3% for the median Gambling name.

5.9%

Net margin · Gambling median 2.3% · fiscal year to FY2025

Share count, year on year
−3.4%

Share count, year on year · bought back, each share owns more of the company

R&D as % of revenue
1.9%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY2020−3.4%
FY202122%
FY202229%
FY202330%
FY202427%
Details›
Net marginfiscal year to FY2025
5.9%
Free cash flow margin
−17%
R&D as % of revenue
1.9%
Revenue, trailing twelve months
$2.51B
Free cash flow, trailing twelve months
−$415M
Net income, trailing twelve months
$147M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.