BRSLBrightstar Lottery PLC
Is the business good?
The checks split: nothing decisive, though returns that lean on debt.
Margins have held roughly steady, a stable cost structure.
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.
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
| Year | Operating margin |
|---|---|
| FY2020 | −3.4% |
| FY2021 | 22% |
| FY2022 | 29% |
| FY2023 | 30% |
| FY2024 | 27% |
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.
Customers and suppliers
Who buys from BRSL and who it buys from, as the companies report it.
- ADM37%
Share of revenue · FY2025 20-F
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; BRSL’s own figures are from its FY2025 20-F. Smaller customers and suppliers go unreported.