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Las Vegas Sands Corp.(LVS)Earnings, Financials & Key Ratios
LVS•NYSE
20.7× P/E·Price updated Jun 19, 2026
AboutLas Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.Show more
- Revenue$13.02B+15.2%
- EBITDA$4.63B+19.0%
- Net Income$1.63B+12.5%
- EPS (Diluted)2.35+19.9%
- Gross Margin28.18%-23.3%
- EBITDA Margin35.56%+3.3%
- Operating Margin23.73%+8.7%
- Net Margin12.5%-2.3%
- ROE63.88%+60.4%
LVS Key Insights
Las Vegas Sands Corp. (LVS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 45.1%
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 34.7%
- ✓Healthy dividend yield of 2.5%
- ✓Share count reduced 6.0% through buybacks
✗Weaknesses
- ✗High debt to equity ratio of 8.3x
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 17.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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LVS Price & Volume
Las Vegas Sands Corp. (LVS) stock price & volume — 10-year historical chart
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LVS Growth Metrics
Las Vegas Sands Corp. (LVS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.08%
5 Years34.66%
3 Years46.86%
TTM22.67%
Profit CAGR
10 Years-1.87%
5 Years-
3 Years-
TTM41.26%
EPS CAGR
10 Years-0.5%
5 Years-
3 Years-
TTM50.16%
Return on Capital
10 Years10.79%
5 Years7.92%
3 Years15.85%
Last Year18.97%
LVS Recent Earnings
Las Vegas Sands Corp. (LVS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$0.91+20.4%
$0.76
Rev
$3.6B+6.6%
$3.4B
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$0.85+11.1%
$0.77
Rev
$3.6B+9.1%
$3.3B
Q4 2025
Oct 22, 2025Metric
Actual
Est
EPS
$0.78+26.4%
$0.62
Rev
$3.3B+9.1%
$3.1B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.79+48.8%
$0.53
Rev
$3.2B+11.8%
$2.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.91vs $0.76+20.4% | $3.6Bvs $3.4B+6.6% |
| Q1 2026 | Jan 28, 2026 | $0.85vs $0.77+11.1% | $3.6Bvs $3.3B+9.1% |
| Q4 2025 | Oct 22, 2025 | $0.78vs $0.62+26.4% | $3.3Bvs $3.1B+9.1% |
| Q3 2025 | Jul 23, 2025 | $0.79vs $0.53+48.8% | $3.2Bvs $2.8B+11.8% |
Based on last 12 quarters of dataView full earnings history →
LVS Peer Comparison
Las Vegas Sands Corp. (LVS) competitors in Integrated Destination Casino Resorts — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WYNN | 10.95B | 105.53 | 33.61 | 0.14% | 5.14% | |||
 MGM | 11.98B | 46.84 | 61.63 | 1.72% | 1.03% | 5.3% | 17.14 | |
 MLCO | 2.25B | 5.53 | 12.29 | 11.32% | 3.58% | |||
 GENI | 1.57B | 6.10 | -13.86 | 31.04% | -22.27% | -22.2% | 0.04 | |
 CZR | 5.95B | 29.22 | -12.07 | 2.14% | -4.19% | -12.62% | 7.15 | |
 BYD | 6.38B | 84.68 | 3.75 | 4.12% | 45.02% | 91.81% | 1.25 | |
 PENN | 2.84B | 21.30 | -3.65 | 5.82% | -12.11% | -34.66% | 4.58 | |
 RRR | 3.63B | 61.33 | 19.66 | 3.74% | 9.35% | 56.57% | 0.18 |
Compare LVS vs Peers
Las Vegas Sands Corp. (LVS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LVS Income Statement
Las Vegas Sands Corp. (LVS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 12.73B | 13.73B | 12.13B | 2.94B | 4.23B | 4.11B | 10.37B | 11.3B | 13.02B | 13.74B |
Revenue Growth % | 12.93% | 7.86% | -11.67% | -75.76% | 44.01% | -2.93% | 152.36% | 8.93% | 15.22% | 22.67% |
Cost of Goods Sold | 7.5B | 8.09B | 8B | 3.12B | 3.67B | 3.5B | 6.47B | 7.14B | 9.35B | 10.07B |
COGS % of Revenue | 58.93% | 58.89% | 65.94% | 105.99% | 86.61% | 85.06% | 62.39% | 63.24% | 71.82% | - |
Gross Profit | 5.23B▲ 0% | 5.64B▲ 8.0% | 5.74B▲ 1.7% | -176M▼ 103.1% | 567M▲ 422.2% | 614M▲ 8.3% | 3.9B▲ 535.3% | 4.15B▲ 6.5% | 3.67B▼ 11.7% | 3.67B▲ 0% |
Gross Margin % | 41.07% | 41.11% | 47.35% | -5.99% | 13.39% | 14.94% | 37.61% | 36.76% | 28.18% | 26.7% |
Gross Profit Growth % | 17.17% | 7.96% | 1.74% | -103.07% | 422.16% | 8.29% | 535.34% | 6.46% | -11.68% | - |
Operating Expenses | 1.74B | 1.74B | 1.92B | 1.13B | 1.21B | 1.38B | 1.55B | 1.69B | 579M | 283M |
OpEx % of Revenue | 13.64% | 12.65% | 15.83% | 38.27% | 28.58% | 33.67% | 14.91% | 14.93% | 4.45% | - |
Selling, General & Admin | 1.74B | 1.74B | 1.92B | 1.13B | 1.21B | 1.38B | 1.55B | 1.67B | 579M | 561M |
SG&A % of Revenue | 13.64% | 12.65% | 15.83% | 38.27% | 28.58% | 33.67% | 14.91% | 14.76% | 4.45% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 141M |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19M | 0 | -3M |
Operating Income | 3.49B▲ 0% | 3.91B▲ 11.9% | 3.82B▼ 2.2% | -1.3B▼ 134.0% | -643M▲ 50.6% | -770M▼ 19.8% | 2.35B▲ 405.8% | 2.47B▲ 4.7% | 3.09B▲ 25.3% | 3.38B▲ 0% |
Operating Margin % | 27.44% | 28.46% | 31.52% | -44.25% | -15.19% | -18.73% | 22.71% | 21.83% | 23.73% | 24.64% |
Operating Income Growth % | 29.24% | 11.88% | -2.18% | -134.04% | 50.58% | -19.75% | 405.84% | 4.71% | 25.26% | - |
EBITDA | 4.66B | 5.02B | 4.99B | -304M | 398M | 266M | 3.68B | 3.89B | 4.63B | 4.91B |
EBITDA Margin % | 36.64% | 36.55% | 41.12% | -10.34% | 9.4% | 6.47% | 35.5% | 34.44% | 35.56% | 35.76% |
EBITDA Growth % | 22.29% | 7.61% | -0.62% | -106.1% | 230.92% | -33.17% | 1284.21% | 5.68% | 18.97% | 28.75% |
D&A (Non-Cash Add-back) | 1.17B | 1.11B | 1.17B | 997M | 1.04B | 1.04B | 1.33B | 1.43B | 1.54B | 1.53B |
EBIT | 3.38B | 3.78B | 4.35B | -1.35B | -853M | -685M | 2.59B | 2.69B | 2.96B | 3.23B |
Net Interest Income | -311M | -387M | -375M | -502M | -617M | -586M | -530M | -452M | -585M | -606M |
Interest Income | 16M | 59M | 74M | 21M | 4M | 116M | 288M | 275M | 161M | 154M |
Interest Expense | 327M | 446M | 449M | 523M | 621M | 702M | 818M | 727M | 746M | 760M |
Other Income/Expense | -438M | -581M | -50M | -575M | -831M | -617M | -580M | -506M | -876M | -895M |
Pretax Income | 3.05B▲ 0% | 3.33B▲ 8.9% | 3.6B▲ 8.2% | -1.88B▼ 152.1% | -1.47B▲ 21.4% | -1.39B▲ 5.9% | 1.77B▲ 228.0% | 1.96B▲ 10.4% | 2.21B▲ 12.9% | 2.49B▲ 0% |
Pretax Margin % | 23.99% | 24.23% | 29.69% | -63.81% | -34.81% | -33.75% | 17.11% | 17.35% | 17% | 18.12% |
Income Tax | -209M | 375M | 468M | 24M | -5M | 154M | 344M | 208M | 347M | 391M |
Effective Tax Rate % | -6.84% | 11.27% | 13% | -1.28% | 0.34% | -11.1% | 19.38% | 10.61% | 15.68% | 15.7% |
Net Income | 2.81B▲ 0% | 2.41B▼ 14.1% | 2.7B▲ 11.8% | -1.69B▼ 162.5% | -961M▲ 43.0% | -1.02B▼ 6.1% | 1.22B▲ 219.7% | 1.45B▲ 18.4% | 1.63B▲ 12.5% | 1.84B▲ 0% |
Net Margin % | 22.06% | 17.58% | 22.25% | -57.31% | -22.7% | -24.82% | 11.77% | 12.8% | 12.5% | 13.41% |
Net Income Growth % | 68.14% | -14.07% | 11.81% | -162.45% | 42.97% | -6.14% | 219.71% | 18.43% | 12.52% | 41.26% |
Net Income (Continuing) | 3.26B | 2.95B | 3.3B | -1.9B | -1.47B | -1.54B | 1.43B | 1.75B | 1.87B | 2.1B |
Discontinued Operations | 0 | 0 | 0 | -243M | 193M | 46M | 0 | 0 | 0 | 0 |
Minority Interest | 1.14B | 1.06B | 1.32B | 565M | 252M | -225M | -14M | 276M | 344M | 410M |
EPS (Diluted) | 3.54▲ 0% | 3.07▼ 13.3% | 3.50▲ 14.0% | -1.89▼ 154.0% | -1.51▲ 20.1% | -1.40▲ 7.3% | 1.60▲ 214.3% | 1.96▲ 22.5% | 2.35▲ 19.9% | 2.75▲ 0% |
EPS Growth % | 68.57% | -13.28% | 14.01% | -154% | 20.11% | 7.28% | 214.29% | 22.5% | 19.9% | 50.16% |
EPS (Basic) | 3.54 | 3.07 | 3.50 | -1.89 | -1.26 | -1.40 | 1.60 | 1.97 | 2.35 | - |
Diluted Shares Outstanding | 792M | 786M | 771M | 764M | 764M | 764M | 765M | 737M | 693M | 671M |
Basic Shares Outstanding | 792M | 786M | 771M | 764M | 764M | 764M | 763M | 735M | 691M | 669M |
Dividend Payout Ratio | 82.3% | 97.47% | 87.73% | - | - | - | 24.98% | 40.8% | - | - |
LVS Balance Sheet
Las Vegas Sands Corp. (LVS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 3.2B | 5.57B | 5.3B | 5.71B | 5.51B | 6.74B | 5.78B | 4.29B | 4.83B | 4.27B |
Cash & Short-Term Investments | 2.42B | 4.65B | 4.23B | 2.08B | 1.85B | 6.31B | 5.11B | 3.65B | 3.84B | 3.46B |
Cash Only | 2.42B | 4.65B | 4.23B | 2.08B | 1.85B | 6.31B | 5.11B | 3.65B | 3.84B | 3.46B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 615M | 726M | 844M | 252M | 202M | 267M | 484M | 417M | 742M | 677M |
Days Sales Outstanding | 17.64 | 19.3 | 25.4 | 31.29 | 17.41 | 23.71 | 17.03 | 13.47 | 20.81 | 16.6 |
Inventory | 37M | 35M | 37M | 22M | 22M | 28M | 38M | 41M | 46M | 46M |
Days Inventory Outstanding | 1.8 | 1.58 | 1.69 | 2.58 | 2.19 | 2.92 | 2.14 | 2.09 | 1.8 | 1.6 |
Other Current Assets | 11M | 13M | 16M | 3.24B | 3.32B | 0 | 150M | 182M | 203M | 88M |
Total Non-Current Assets | 17.49B | 16.98B | 17.89B | 15.1B | 14.55B | 15.29B | 16B | 16.38B | 17.09B | 16.91B |
Property, Plant & Equipment | 16.75B | 16.35B | 17.12B | 14.54B | 14.02B | 13.58B | 13.69B | 13.99B | 11.67B | 11.44B |
Fixed Asset Turnover | 0.76x | 0.84x | 0.71x | 0.20x | 0.30x | 0.30x | 0.76x | 0.81x | 1.12x | 1.10x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 10M | 103M | 102M | 103M | 0 |
Intangible Assets | 89M | 72M | 42M | 25M | 19M | 54M | 495M | 443M | 470M | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.39B | 1.39B | 4.17B |
Other Non-Current Assets | 155M | 189M | 454M | 221M | 217M | 1.52B | 1.59B | 325M | 3.29B | 4.76B |
Total Assets | 20.69B▲ 0% | 22.55B▲ 9.0% | 23.2B▲ 2.9% | 20.81B▼ 10.3% | 20.06B▼ 3.6% | 22.04B▲ 9.9% | 21.78B▼ 1.2% | 20.67B▼ 5.1% | 21.92B▲ 6.1% | 21.18B▲ 0% |
Asset Turnover | 0.62x | 0.61x | 0.52x | 0.14x | 0.21x | 0.19x | 0.48x | 0.55x | 0.59x | 0.64x |
Asset Growth % | 1.06% | 8.99% | 2.89% | -10.31% | -3.59% | 9.87% | -1.18% | -5.11% | 6.07% | 9.92% |
Total Current Liabilities | 2.96B | 3.16B | 3.22B | 2.82B | 2.56B | 3.9B | 4.42B | 5.8B | 4.22B | 4.63B |
Accounts Payable | 171M | 178M | 149M | 89M | 77M | 89M | 167M | 164M | 190M | 159M |
Days Payables Outstanding | 8.32 | 8.04 | 6.8 | 10.43 | 7.66 | 9.29 | 9.42 | 8.38 | 7.42 | 6.15 |
Short-Term Debt | 296M | 111M | 70M | 75M | 74M | 2.03B | 1.9B | 3.16B | 1.15B | 1.82B |
Deferred Revenue (Current) | 572M | 676M | 582M | 501M | 470M | 471M | 543M | 608M | 181M | 181M |
Other Current Liabilities | 0 | 0 | 0 | 755M | 821M | 0 | 0 | 0 | 1.9B | 2.81B |
Current Ratio | 1.08x | 1.76x | 1.65x | 2.03x | 2.15x | 1.73x | 1.31x | 0.74x | 1.14x | 0.92x |
Quick Ratio | 1.07x | 1.75x | 1.63x | 2.02x | 2.14x | 1.72x | 1.30x | 0.73x | 1.13x | 0.91x |
Cash Conversion Cycle | 11.12 | 12.85 | 20.29 | 23.44 | 11.94 | 17.34 | 9.76 | 7.19 | 15.18 | 12.05 |
Total Non-Current Liabilities | 10.1B | 12.64B | 13.47B | 14.45B | 15.25B | 14.48B | 13.25B | 11.71B | 15.76B | 14.94B |
Long-Term Debt | 9.34B | 11.87B | 12.42B | 13.93B | 14.72B | 13.95B | 12.13B | 10.59B | 14.66B | 13.9B |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 306M | 306M |
Deferred Tax Liabilities | 206M | 191M | 183M | 188M | 173M | 152M | 187M | 188M | 291M | 813M |
Other Non-Current Liabilities | 147M | 179M | 513M | -8M | 352M | 382M | 936M | 925M | 483M | 870M |
Total Liabilities | 13.06B | 15.8B | 16.69B | 17.27B | 17.81B | 18.38B | 17.67B | 17.51B | 19.99B | 19.57B |
Total Debt | 9.64B | 11.98B | 12.49B | 14B | 14.79B | 15.98B | 14.03B | 13.75B | 16.14B | 15.72B |
Net Debt | 7.22B | 7.34B | 8.27B | 11.92B | 12.94B | 9.67B | 8.92B | 10.1B | 12.3B | 12.27B |
Debt / Equity | 1.26x | 1.78x | 1.92x | 3.96x | 6.58x | 4.37x | 3.42x | 4.35x | 8.34x | 9.78x |
Debt / EBITDA | 2.07x | 2.39x | 2.50x | - | 37.17x | 60.07x | 3.81x | 3.53x | 3.49x | 3.20x |
Net Debt / EBITDA | 1.55x | 1.46x | 1.66x | - | 32.52x | 36.34x | 2.42x | 2.60x | 2.66x | 2.50x |
Interest Coverage | 10.34x | 8.48x | 9.69x | -2.59x | -1.37x | -0.98x | 3.17x | 3.70x | 3.97x | 4.25x |
Total Equity | 7.63B▲ 0% | 6.75B▼ 11.6% | 6.51B▼ 3.5% | 3.54B▼ 45.6% | 2.25B▼ 36.5% | 3.66B▲ 62.6% | 4.1B▲ 12.3% | 3.16B▼ 23.0% | 1.93B▼ 38.8% | 1.61B▲ 0% |
Equity Growth % | 1.75% | -11.56% | -3.53% | -45.63% | -36.46% | 62.63% | 12.25% | -23% | -38.8% | -175.98% |
Book Value per Share | 9.63 | 8.58 | 8.44 | 4.63 | 2.94 | 4.79 | 5.36 | 4.29 | 2.79 | 2.40 |
Total Shareholders' Equity | 6.49B | 5.68B | 5.19B | 2.97B | 2B | 3.88B | 4.12B | 2.88B | 1.59B | 1.2B |
Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
Retained Earnings | 2.71B | 2.77B | 3.1B | 813M | -148M | 1.68B | 2.6B | 3.46B | 4.39B | 4.75B |
Treasury Stock | -2.82B | -3.73B | -4.48B | -4.48B | -4.48B | -4.48B | -4.99B | -6.76B | -9.03B | 0 |
Accumulated OCI | 14M | -40M | -3M | 29M | -22M | -7M | 27M | -58M | 71M | 38M |
Minority Interest | 1.14B | 1.06B | 1.32B | 565M | 252M | -225M | -14M | 276M | 344M | 410M |
LVS Cash Flow Statement
Las Vegas Sands Corp. (LVS) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 4.54B | 4.7B | 3.04B | -1.31B | 15M | -795M | 3.23B | 3.2B | 2.82B | 3.23B |
Operating CF Margin % | 35.69% | 34.24% | 25.05% | -44.63% | 0.35% | -19.34% | 31.11% | 28.36% | 21.68% | - |
Operating CF Growth % | 12.34% | 3.48% | -35.38% | -143.19% | 101.14% | -5400% | 505.91% | -0.71% | -11.92% | 38.94% |
Net Income | 3.26B | 2.95B | 3.17B | -1.9B | -1.47B | -1.54B | 1.43B | 1.75B | 1.87B | 1.84B |
Depreciation & Amortization | 1.21B | 1.15B | 1.07B | 1.05B | 1.1B | 1.09B | 1.27B | 1.37B | 1.54B | 1.46B |
Stock-Based Compensation | 34M | 30M | 35M | 22M | 22M | 39M | 44M | 55M | 54M | 52M |
Deferred Taxes | -497M | 113M | 146M | 24M | -45M | -752M | 44M | 4M | -60M | -60M |
Other Non-Cash Items | 212M | 222M | -216M | 27M | 499M | 204M | 52M | 6M | 206M | 294M |
Working Capital Changes | 323M | 239M | -1.17B | -537M | -89M | 164M | 390M | 19M | -784M | -494M |
Change in Receivables | 83M | -119M | -118M | 339M | 43M | -78M | -217M | 43M | -392M | -340M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 40M | 8M | -13M | -42M | -11M | 11M | 76M | -1M | 22M | 5M |
Cash from Investing | -822M | -930M | -103M | -1.33B | -895M | 4.16B | -1.25B | -1.58B | -1.7B | -957M |
Capital Expenditures | -837M | -949M | -1.02B | -1.23B | -839M | -780M | -1.26B | -1.58B | -1.17B | -908M |
CapEx % of Revenue | 6.58% | 6.91% | 8.39% | 41.73% | 19.82% | 18.98% | 12.12% | 13.98% | 8.97% | 6.61% |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 15M | 19M | 915M | -102M | -56M | 4.94B | 3M | 1M | -532M | -41M |
Cash from Financing | -3.49B | -1.52B | -3.37B | 560M | 684M | 1.12B | -3.19B | -3.06B | -959M | -1.98B |
Debt Issued (Net) | -204M | 2.42B | 3.95B | 1.48B | 835M | 1.13B | -2.07B | -326M | 1.86B | 1.78B |
Equity Issued (Net) | -375M | -905M | -754M | 0 | 0 | -1M | -507M | -1.75B | -1.95B | -1.54B |
Dividends Paid | -2.31B | -2.35B | -2.37B | -603M | 0 | 0 | -305M | -590M | -833M | -23M |
Share Repurchases | -375M | -905M | -754M | 0 | 0 | -1M | -507M | -1.75B | -2.22B | -2.55B |
Other Financing | -597M | -680M | -4.2B | -315M | -151M | -11M | -307M | -389M | -36M | -2.2B |
Net Change in Cash | 291M▲ 0% | 2.23B▲ 666.7% | -419M▼ 118.8% | -2.1B▼ 402.4% | -212M▲ 89.9% | 4.51B▲ 2227.8% | -1.21B▼ 126.8% | -1.45B▼ 20.5% | 191M▲ 113.1% | 294M▲ 0% |
Free Cash Flow | 3.71B▲ 0% | 3.75B▲ 1.2% | 1.97B▼ 47.6% | -2.54B▼ 229.1% | -824M▲ 67.5% | -1.57B▼ 91.1% | 1.97B▲ 225.1% | 1.62B▼ 17.6% | 1.65B▲ 1.8% | 2.32B▲ 0% |
FCF Margin % | 29.12% | 27.33% | 16.22% | -86.36% | -19.46% | -38.32% | 18.99% | 14.37% | 12.71% | 16.89% |
FCF Growth % | 42.59% | 1.24% | -47.57% | -229.08% | 67.55% | -91.14% | 225.08% | -17.56% | 1.85% | 96.28% |
FCF per Share | 4.68 | 4.77 | 2.55 | -3.32 | -1.08 | -2.06 | 2.58 | 2.20 | 2.39 | 3.46 |
FCF Conversion (FCF/Net Income) | 1.62x | 1.95x | 1.13x | 0.78x | -0.02x | 0.78x | 2.64x | 2.22x | 1.73x | 1.26x |
Interest Paid | 269M | 326M | 462M | 419M | 591M | 614M | 746M | 650M | 0 | 321M |
Taxes Paid | 230M | 264M | 253M | 196M | 86M | 649M | 176M | 222M | 0 | 198M |
LVS Key Ratios
Las Vegas Sands Corp. (LVS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 37.14% | 33.58% | 40.72% | -33.55% | -33.22% | -34.55% | 31.47% | 39.81% | 63.88% | 95.8% |
Return on Invested Capital (ROIC) | 17.57% | 20.26% | 19.87% | -6.45% | -3.15% | -4.05% | 13.41% | 14.07% | 16.85% | 17.84% |
Gross Margin | 41.07% | 41.11% | 47.35% | -5.99% | 13.39% | 14.94% | 37.61% | 36.76% | 28.18% | 26.7% |
Net Margin | 22.06% | 17.58% | 22.25% | -57.31% | -22.7% | -24.82% | 11.77% | 12.8% | 12.5% | 13.41% |
Debt / Equity | 1.26x | 1.78x | 1.92x | 3.96x | 6.58x | 4.37x | 3.42x | 4.35x | 8.34x | 9.78x |
Interest Coverage | 10.34x | 8.48x | 9.69x | -2.59x | -1.37x | -0.98x | 3.17x | 3.70x | 3.97x | 4.25x |
FCF Conversion | 1.62x | 1.95x | 1.13x | 0.78x | -0.02x | 0.78x | 2.64x | 2.22x | 1.73x | 1.26x |
Revenue Growth | 12.93% | 7.86% | -11.67% | -75.76% | 44.01% | -2.93% | 152.36% | 8.93% | 15.22% | 22.67% |
Related:LVS Dividend History·LVS Revenue History·LVS Price History·LVS P/E History·LVS Financial Ratios·LVS Institutional Holders
LVS SEC Filings & Documents
Las Vegas Sands Corp. (LVS) SEC filings — annual & quarterly reports (10-K, 10-Q)
LVS Frequently Asked Questions
Las Vegas Sands Corp. (LVS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Las Vegas Sands Corp. (LVS) reported $13.74B in revenue for fiscal year 2025. This represents a 2043% increase from $641.2M in 2000.
Las Vegas Sands Corp. (LVS) grew revenue by 15.2% over the past year. This is strong growth.
Yes, Las Vegas Sands Corp. (LVS) is profitable, generating $1.84B in net income for fiscal year 2025 (12.5% net margin).
Dividend & Returns
Yes, Las Vegas Sands Corp. (LVS) pays a dividend with a yield of 2.47%. This makes it attractive for income-focused investors.
Las Vegas Sands Corp. (LVS) has a return on equity (ROE) of 63.9%. This is excellent, indicating efficient use of shareholder capital.
Las Vegas Sands Corp. (LVS) generated $2.32B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.