Brightstar Lottery
Through the investors’ lenses
0 of 2 cleared3 of 6 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 3/4
| Measure | BRSL | Checked against | |
|---|---|---|---|
| Owner earnings | $52.00m | positive | ✓ |
| Return on equity | 16.8% | US median 2.8% | ✓ |
| Debt to equity | 4.77x | US median 0.57x | ✗ |
| Operating margin | 11.9% | US median 3.1% | ✓ |
Passes 3 of 4. These are the measures Warren Buffett published, applied to Brightstar Lottery’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 0/2
| Measure | BRSL | Checked against | |
|---|---|---|---|
| Current ratio | 0.76x | 2.00x published | ✗ |
| Long-term debt to working capital | — | 1.00x published | — |
| Positive earnings, ten years running | 5 yrs | 10 published | ✗ |
Passes 0 of 2. These are the measures Benjamin Graham published, applied to Brightstar Lottery’s own figures — their criteria, not their view of this company. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| Operating cash flow | negative | whyOperations consumed $99.0m of cash. |
| Free cash flow | negative | whyOCF fell $415m short of capex — the dividend was not funded from free cash flow. |
Nothing is marked as applying, deliberately — no basis produces a ratio. Earnings, operating cash flow and free cash flow are all negative, so there is no denominator to divide the dividend by. That is not a gap in the data; it is the answer. The dividend was funded from something other than the money the business made this year — borrowing, cash on hand, or asset sales — and the filing will say which.
Coverage rating 61 / 100 — Adequate. ? Peer standing 40/50Direction 18/30Stability 3/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2024-12-31 | 17.9% |
| 2023-12-31 | 18.5% |
| 2022-12-31 | 21.8% |
| 2021-12-31 | 5.5% |
| 2020-12-31 | 6.7% |
| 2019-12-31 | 22.9% |
81% of the 62 consumer discretionary here pay out more — comfortable for the sector.
The arithmetic
- Operating cash flow — dividends paid $770m ÷ operating cash flow $-99.0m
- Free cash flow — dividends paid $770m ÷ (operating cash flow $-99.0m − capex $316m)
Where the figures came from
- 20-F filed 2026-02-24 · accession 0001628280-26-011083
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- DPS derived from dividends paid ($3.91); no per-share tag filed
- basis discarded as outside the sane band (distribution far larger than the year's income — usually a special dividend or a return of capital, not a payout ratio): earnings
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
Also on: rated adequate · when it files.
Who else looks like this
Every figure above is computed from Brightstar Lottery’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.
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