Last 48 quarters of trend data · Consumer Cyclical · Casinos & Resorts
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.90 | 19.69 | 21.79 | 15.85 | 28.06 | 22.05 | 16.48 | 19.71 | 28.53 | 33.12 | 23.05 | 19.58 | 24.61 | 22.92 | 35.37 | 75.59 | — | — | — | — | — |
| — | -10.7% | +32.2% | -19.6% | -1.7% | -33.4% | -28.5% | +0.6% | +16.0% | +44.5% | -34.8% | -74.1% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.94 | 1.88 | 2.43 | 2.52 | 3.02 | 2.77 | 2.38 | 2.41 | 3.27 | 3.43 | 2.97 | 3.28 | 3.21 | 3.14 | 4.38 | 5.19 | 8.22 | 7.13 | 6.14 | 7.87 | 7.13 |
| — | -32.0% | +1.8% | +4.8% | -7.5% | -19.4% | -19.7% | -26.8% | +1.9% | +9.2% | -32.1% | -36.7% | -61.0% | -56.0% | -28.7% | -34.1% | +15.2% | -12.6% | -28.4% | -18.9% | -28.2% | |
| P/B Ratio | 14.59 | — | 34.14 | 20.66 | 22.82 | 19.74 | 13.27 | 9.08 | 11.98 | 10.09 | 8.42 | 9.66 | 9.11 | 7.89 | 10.70 | 11.49 | 10.05 | 7.58 | 6.09 | 6.35 | 12.79 |
| — | — | +157.3% | +127.5% | +90.5% | +95.6% | +57.6% | -6.0% | +31.4% | +27.9% | -21.3% | -16.0% | -9.3% | +4.0% | +75.7% | +81.0% | -21.5% | -34.1% | -55.4% | -56.5% | -0.6% | |
| P/FCF | 10.92 | 10.27 | 21.27 | 16.83 | 11.86 | 9.59 | — | 46.84 | 25.71 | 41.44 | 15.61 | 18.76 | 13.73 | 17.15 | 14.93 | 40.01 | — | — | — | — | 1027.03 |
| — | +7.2% | — | -64.1% | -53.9% | -76.9% | — | +149.6% | +87.3% | +141.7% | +4.6% | -53.1% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 8.53 | 9.39 | 10.75 | 9.27 | 11.21 | 10.38 | 8.95 | 9.62 | 12.41 | 13.82 | 11.35 | 11.37 | 10.95 | 10.81 | 15.98 | 20.07 | 112.60 | 98.25 | 70.30 | — | 73.41 |
| — | -9.5% | +20.0% | -3.6% | -9.6% | -24.9% | -21.1% | -15.4% | +13.4% | +27.8% | -29.0% | -43.4% | -90.3% | -89.0% | -77.3% | — | +53.4% | — | -29.0% | — | -50.9% | |
| EV / EBIT | 12.52 | 14.37 | 16.35 | 12.97 | 19.01 | 15.98 | 13.28 | 14.87 | 18.70 | 20.02 | 15.33 | 15.31 | 14.81 | 14.25 | 21.39 | 32.36 | — | — | — | — | — |
| — | -10.1% | +23.1% | -12.8% | +1.7% | -20.2% | -13.4% | -2.9% | +26.3% | +40.5% | -28.3% | -52.7% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.8% | 45.6% | 57.2% | 48.8% | 48.5% | 49.8% | 51.6% | 49.5% | 48.8% | 47.3% | 48.6% | 50.6% | 50.9% | 50.4% | 49.1% | 48.4% | 40.5% | 42.6% | 42.4% | 34.7% | 40.2% |
| — | -8.4% | +11.0% | -1.5% | -0.6% | +5.3% | +6.1% | -2.2% | -4.2% | -6.1% | -1.1% | +4.6% | +25.7% | +18.4% | +15.9% | +39.6% | +0.7% | +33.7% | +7.6% | -11.4% | +8.6% | |
| Operating Margin | 23.7% | 19.2% | 19.6% | 25.6% | 24.0% | 23.8% | 25.2% | 21.7% | 20.8% | 18.8% | 21.4% | 24.2% | 24.4% | 24.6% | 21.1% | 17.8% | -14.9% | -17.6% | -14.1% | -32.0% | -13.7% |
| — | -19.4% | -22.2% | +17.9% | +15.2% | +26.8% | +17.7% | -10.6% | -14.5% | -23.7% | +1.3% | +35.9% | +263.9% | +239.8% | +250.2% | +155.7% | -8.6% | +52.2% | -18.7% | -299.0% | +25.6% | |
| Net Margin | 12.5% | 9.5% | 11.8% | 15.8% | 10.8% | 12.6% | 14.5% | 12.3% | 11.2% | 10.3% | 12.8% | 16.7% | 13.1% | 13.6% | 12.3% | 6.9% | -15.1% | -23.8% | -27.8% | 268.3% | -12.2% |
| — | -24.9% | -18.5% | +28.6% | -3.2% | +22.7% | +13.6% | -26.3% | -14.6% | -24.6% | +4.2% | +140.8% | +186.6% | +157.2% | +144.2% | -97.4% | -24.0% | +44.6% | -69.5% | +1254.2% | +53.2% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 63.9% | 77.7% | 28.2% | 30.8% | 20.8% | 20.2% | 17.3% | 11.4% | 9.5% | 7.3% | 8.9% | 12.2% | 8.9% | 8.8% | 7.8% | 3.9% | -4.5% | -6.0% | -6.5% | 73.1% | -5.3% |
| — | +284.9% | +62.5% | +170.8% | +118.3% | +176.9% | +94.6% | -6.5% | +6.6% | -17.4% | +14.1% | +209.4% | +296.5% | +247.6% | +219.8% | -94.6% | +13.6% | +56.3% | -4.0% | +982.5% | +35.1% | |
| ROA | 7.6% | 1.5% | 1.8% | 2.6% | 1.8% | 1.9% | 2.1% | 1.7% | 1.5% | 1.3% | 1.7% | 2.3% | 1.7% | 1.7% | 1.4% | 0.7% | -0.8% | -1.1% | -1.3% | 12.0% | -0.6% |
| — | -20.0% | -15.1% | +56.7% | +18.0% | +49.3% | +28.4% | -26.9% | -11.4% | -24.3% | +20.2% | +249.6% | +324.0% | +255.9% | +206.0% | -94.5% | -26.2% | +39.9% | -39.5% | +989.5% | +57.0% | |
| ROIC | 16.9% | 3.7% | 3.4% | 4.8% | 4.6% | 4.1% | 4.2% | 3.4% | 3.4% | 2.9% | 3.4% | 4.1% | 4.0% | 3.9% | 3.0% | 2.1% | -0.9% | -1.0% | -0.8% | -1.6% | -0.7% |
| — | -11.2% | -18.2% | +41.2% | +36.5% | +44.2% | +23.2% | -16.9% | -16.4% | -26.2% | +12.8% | +93.7% | +531.9% | +485.8% | +462.1% | +233.7% | -38.2% | +34.9% | -23.9% | -243.3% | +33.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 8.34 | — | 17.01 | 8.99 | 8.34 | 8.45 | 6.93 | 4.57 | 4.35 | 3.84 | 3.53 | 3.47 | 3.42 | 3.23 | 3.59 | 4.18 | 4.37 | 4.04 | 3.65 | 3.20 | 6.58 |
| — | — | +145.4% | +96.8% | +91.7% | +119.9% | +96.5% | +31.7% | +27.3% | +18.8% | -1.7% | -17.0% | -21.8% | -20.1% | -1.7% | +30.4% | -33.6% | -32.4% | -25.6% | -29.6% | +66.3% | |
| Debt / EBITDA | 3.49 | 15.78 | 15.43 | 12.01 | 12.83 | 13.33 | 13.28 | 13.89 | 14.24 | 16.62 | 14.92 | 13.25 | 13.26 | 14.17 | 17.78 | 24.01 | 155.13 | 157.66 | 125.03 | — | 104.19 |
| — | +18.3% | +16.2% | -13.5% | -9.9% | -19.8% | -11.0% | +4.8% | +7.4% | +17.3% | -16.1% | -44.8% | -91.5% | -91.0% | -85.8% | — | +48.9% | — | +15.1% | — | -28.6% | |
| Current Ratio | 1.14 | 0.83 | 1.00 | 0.95 | 1.14 | 0.89 | 1.22 | 0.59 | 0.74 | 0.90 | 1.58 | 1.30 | 1.31 | 1.50 | 2.76 | 1.79 | 1.73 | 1.83 | 3.35 | 3.14 | 2.15 |
| — | -7.0% | -18.1% | +59.7% | +54.8% | -1.4% | -23.1% | -54.3% | -43.4% | -40.1% | -42.8% | -27.3% | -24.4% | -17.8% | -17.4% | -43.1% | -19.5% | -12.9% | +52.5% | +37.7% | +6.0% | |
| Quick Ratio | 1.13 | 0.82 | 0.99 | 0.94 | 1.13 | 0.88 | 1.21 | 0.59 | 0.73 | 0.89 | 1.57 | 1.29 | 1.30 | 1.50 | 2.75 | 1.78 | 1.72 | 1.82 | 3.33 | 3.13 | 2.14 |
| — | -7.2% | -18.3% | +59.7% | +54.8% | -1.7% | -23.3% | -54.5% | -43.6% | -40.2% | -42.9% | -27.5% | -24.6% | -18.0% | -17.5% | -43.1% | -19.6% | -12.9% | +52.6% | +37.7% | +6.0% | |
| Interest Coverage | 3.97 | 3.44 | 3.44 | 4.98 | 3.88 | 4.11 | 4.14 | 3.71 | 3.56 | 3.25 | 3.67 | 4.30 | 4.12 | 3.85 | 2.99 | 1.89 | -0.43 | -0.75 | -0.88 | -2.05 | -0.98 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying LVS stock.
Las Vegas Sands Corp.'s current P/E is 15.9x. The average P/E over the last 4 quarters is 21.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Las Vegas Sands Corp.'s current operating margin is 23.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Las Vegas Sands Corp.'s business trajectory between earnings reports.