BRSL Consumer Cyclical

Brightstar Lottery PLC

$9.86-1.69%

Price as of close on Nov 3, 2026 · Financials updated Nov 2, 2026

Basics

Sector: Consumer Cyclical
Industry: Gambling
Country: United Kingdom
Market cap: 1.8B USD
Enterprise value: 4.5B USD
Full-time employees: 5,746

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.11 vs a peer median of 0.63), less short-term liquidity (current ratio 0.76 vs a peer median of 1.48) and more debt relative to equity (4.77× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.11 vs peers 0.63), less liquidity (current ratio 0.76 vs peers 1.48) and more debt vs equity (4.77× vs peers 0.46×)

Ranks #1,105 of 1,502 consumer cyclical companies (bottom 27%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Brightstar Lottery reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Much more borrowing than peers. Debt is 4.8× equity vs a peer median of 0.5×.Debt is 4.8× equity vs peers 0.5×.
Debt is 4.8× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 4.8× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.
Investment surge. Capital spending 13% of revenue, up from 6.2% in 2022.
Brightstar Lottery is spending 13% of revenue on facilities and equipment, up from 6.2% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Brightstar Lottery's fiscal-year revenue declined in each of the three years to 2025.

StockQuotient Score

39/ 100▼ 1 since Oct 27 close

Oct 5 39 → Nov 4 39

Valuation

Is the price right?

62/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 63 → 62

Share price +3.9%-2
Company's reported figures updated+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield8.0%

SEC filings · 12 months to Dec 2025Reported value30% base weight · Z-score 1.09Sector median: 0.0439 · MAD: 0.0329

EBITDA yield12.1%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score 0.72Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-22.5%

SEC filings · 12 months to Dec 2025 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield47.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

18/100

Weak

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-54.4%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.31Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth-1.1%

SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score -0.84Sector median: 0.0425 · MAD: 0.0636

Revenue growth-0.0%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.58Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

73/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Net margin fell 8.0 points to 5.9%
Free cash flow turned negative over the last 12 months

Why it changed since the Oct 27, 2026 close: Score 74 → 73

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin26.3%

Yahoo Finance fallback · SEC operating income not reported in standard form · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.74Sector median: 0.0638 · MAD: 0.0461

Return on assets1.6%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.67Sector median: 0.0331 · MAD: 0.0254

Return on invested capital8.6%

Yahoo Finance fallback · SEC operating income or invested capital unavailable · trailing 12 monthsReported value33% base weight · Z-score 0.21Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin48.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity16.8%

SEC filings · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

Debt down 22%

Why it changed since the Oct 27, 2026 close: Safety percentile 4 → 3

Company's reported figures updated-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.11

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.58Sector median: 0.6345 · MAD: 0.2980

Current ratio0.76×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.29Sector median: 1.4800 · MAD: 0.5570

Debt / equity4.77×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -9.02Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Brightstar Lottery

Is Brightstar Lottery getting weaker?: Its latest SEC filing (Feb 24, 2026) was mixed: some things better, some worse: net margin fell 8.0 points to 5.9%; debt down 22%. Its overall score is 39/100, down 1 since Oct 28, 2026.
How is Brightstar Lottery valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 62/100 against 1,612 consumer cyclical peers. Earnings yield 8.0% vs a peer median of 4.4% (stronger than 78% of peers).Earnings yield 8.0% vs peers 4.4% (stronger than 78% of peers). Free cash flow yield -22.5% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -22.5% vs peers 6.1% (weaker than 100% of peers).
Is Brightstar Lottery growing?: More slowly than most of its peers. Growth scores 18/100 against 1,612 consumer cyclical peers. Earnings per share growth -54.4% vs a peer median of 4.2% (weaker than 92% of peers).Earnings per share growth -54.4% vs peers 4.2% (weaker than 92% of peers).
How profitable is Brightstar Lottery?: More profitable than most of its peers. Profitability scores 73/100 against 1,612 consumer cyclical peers. Operating margin 26.3% vs a peer median of 6.4% (stronger than 95% of peers).Operating margin 26.3% vs peers 6.4% (stronger than 95% of peers). Return on assets 1.6% vs a peer median of 3.3% (weaker than 68% of peers).Return on assets 1.6% vs peers 3.3% (weaker than 68% of peers).
How risky is Brightstar Lottery?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 4.77× vs a peer median of 0.46× (weaker than 100% of peers).Debt / equity 4.77× vs peers 0.46× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Feb 24, 2026 · compared with the year ended Dec 31, 2024

Mixed: some things better, some worse

Net margin fell 8.0 points to 5.9%
Debt down 22%
Free cash flow turned negative over the last 12 months

	Previous year	Latest year	Change
Revenue (12 months)	2.5B USD	2.5B USD	−0.0%
Net income (12 months)	348.0M USD	147.0M USD	−57.8%
Free cash flow (12 months)	881.0M USD	−415.0M USD	turned negative
Debt	5.4B USD	4.2B USD	−22.1%
Cash	584.0M USD	1.4B USD	+147.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	22.1%	28.6%	29.7%	27.3%	—	—
Net margin	11.8%	10.6%	6.2%	13.9%	5.9%	▼ 8.0 pts
Return on assets (ROA)	4.3%	2.6%	1.5%	3.4%	1.6%	▼ 1.8 pts
Return on equity (ROE)	37.6%	19.2%	10.8%	21.1%	16.8%	▼ 4.3 pts
Free cash flow margin	18.1%	28.4%	34.2%	35.9%	-16.5%	▼ 52 pts
Current ratio	1.30×	1.15×	1.26×	2.29×	0.76×	▼ 67%
Quick ratio	1.20×	1.02×	1.19×	2.25×	0.72×	▼ 68%
Debt to equity	5.09×	4.02×	3.93×	3.25×	4.77×	▲ 47%
Interest coverage	2.65×	2.57×	3.63×	3.33×	—	—

BRSL price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.11 vs a peer median of 0.63), less short-term liquidity (current ratio 0.76 vs a peer median of 1.48) and more debt relative to equity (4.77× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.11 vs peers 0.63), less liquidity (current ratio 0.76 vs peers 1.48) and more debt vs equity (4.77× vs peers 0.46×)

Ranks #1,105 of 1,502 consumer cyclical companies (bottom 27%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Brightstar Lottery reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Much more borrowing than peers. Debt is 4.8× equity vs a peer median of 0.5×.Debt is 4.8× equity vs peers 0.5×.

Debt is 4.8× shareholders' equity, against a peer median of 0.5×, among the highest 10% of its peer group.Debt is 4.8× shareholders' equity, vs peers 0.5×, among the highest 10% of its peer group.

Investment surge. Capital spending 13% of revenue, up from 6.2% in 2022.

Brightstar Lottery is spending 13% of revenue on facilities and equipment, up from 6.2% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.

Brightstar Lottery's fiscal-year revenue declined in each of the three years to 2025.

Questions investors ask about Brightstar Lottery

Is Brightstar Lottery getting weaker?

Its latest SEC filing (Feb 24, 2026) was mixed: some things better, some worse: net margin fell 8.0 points to 5.9%; debt down 22%. Its overall score is 39/100, down 1 since Oct 28, 2026.

How is Brightstar Lottery valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 62/100 against 1,612 consumer cyclical peers. Earnings yield 8.0% vs a peer median of 4.4% (stronger than 78% of peers).Earnings yield 8.0% vs peers 4.4% (stronger than 78% of peers). Free cash flow yield -22.5% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -22.5% vs peers 6.1% (weaker than 100% of peers).

Is Brightstar Lottery growing?

More slowly than most of its peers. Growth scores 18/100 against 1,612 consumer cyclical peers. Earnings per share growth -54.4% vs a peer median of 4.2% (weaker than 92% of peers).Earnings per share growth -54.4% vs peers 4.2% (weaker than 92% of peers).

How profitable is Brightstar Lottery?

More profitable than most of its peers. Profitability scores 73/100 against 1,612 consumer cyclical peers. Operating margin 26.3% vs a peer median of 6.4% (stronger than 95% of peers).Operating margin 26.3% vs peers 6.4% (stronger than 95% of peers). Return on assets 1.6% vs a peer median of 3.3% (weaker than 68% of peers).Return on assets 1.6% vs peers 3.3% (weaker than 68% of peers).

How risky is Brightstar Lottery?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 4.77× vs a peer median of 0.46× (weaker than 100% of peers).Debt / equity 4.77× vs peers 0.46× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

2.5B USD

2.5B USD

−0.0%

Net income (12 months)

348.0M USD

147.0M USD

−57.8%

Free cash flow (12 months)

881.0M USD

−415.0M USD

turned negative

Debt

5.4B USD

4.2B USD

−22.1%

Cash

584.0M USD

1.4B USD

+147.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

22.1%

28.6%

29.7%

27.3%

—

Net margin

11.8%

10.6%

6.2%

13.9%

5.9%

▼ 8.0 pts

Return on assets (ROA)

4.3%

2.6%

1.5%

3.4%

1.6%

▼ 1.8 pts

Return on equity (ROE)

37.6%

19.2%

10.8%

21.1%

16.8%

▼ 4.3 pts

Free cash flow margin

18.1%

28.4%

34.2%

35.9%

-16.5%

▼ 52 pts

Current ratio

1.30×

1.15×

1.26×

2.29×

0.76×

▼ 67%

Quick ratio

1.20×

1.02×

1.19×

2.25×

0.72×

▼ 68%

Debt to equity

5.09×

4.02×

3.93×

3.25×

4.77×

▲ 47%

Interest coverage

2.65×

2.57×

3.63×

3.33×

—