Las Vegas Sands Corp. LVS SPX

Consumer Cyclical · Resorts & Casinos · United States

https://www.sands.com

Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, and The Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. The company was founded in 1988 and is based in Las Vegas, Nevada.

Market & Price

Market Cap

$33.51B

Current Price

$50.57

High / Low (52W)

$68.73 / $39.43

Beta

0.84

Valuation

Stock P/E

18.66

Industry PE

22.37

Forward P/E

13.74

PEG Ratio

0.91

Book Value

$1.81

Price to Book

27.99

P/S

2.44

EV/EBITDA

9.60

Dividend Yield

2.18%

Profitability & Returns

ROCE

16.72%

ROE

90.45%

ROA

9.90%

Profit Margin

13.41%

Op Margin

25.44%

EPS (Latest Qtr)

$0.85

EPS (TTM)

$2.71

Balance Sheet & Liquidity

Debt/Equity

9.81

Quick Ratio

0.86

Current Ratio

0.92

Debt

$15.78B

Total Assets

$21.92B

Current Assets

$4.83B

Working Capital

$610.00M

Ownership

Promoter Holding

58.53%

Chg in Prom Hold

FII / Inst Holding

42.16%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$46.37B

Total Revenue (TTM)

$13.74B

EBITDA

$4.83B

Free Cash Flow

$1.62B

Operating Cash Flow

$3.23B

Shares Outstanding

662.64M

Gross Margin

80.09%

Payout Ratio

38.75%

Growth (CAGR)

Revenue 5Y

46.86%

Profit 5Y

-3.88%

Revenue (YoY)

25.30%

Earnings (YoY)

73.00%

PROS

Strong return on equity of 90.5%.
Compounding revenue at 46.9% over 5 years.
Generates positive free cash flow.

CONS

Earnings shrank at -3.9% CAGR over 5 years.
Trading 26.4% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	LVS Las Vegas Sands Corp. SPX	50.57	18.66	$33.51B	2.18%	16.72%	90.45%	46.86%	-3.88%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	3.07B	3.11B	3.16B	3.39B	3.58B	3.30B	3.37B	3.48B	3.65B	3.33B	3.25B	3.51B	1.42B	62.00M	446.00M	1.01B	1.20B	1.17B	857.00M	1.01B	943.00M	1.04B	1.00B	1.12B	2.12B	2.54B	2.79B	2.92B	2.96B	2.76B	2.68B	2.90B	2.86B	3.17B	3.33B	3.65B	3.58B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.45B	1.54B	1.67B	1.88B	1.84B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.42B	1.64B	1.66B	1.77B	1.75B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	797.00M	837.00M	865.00M	893.00M	833.00M
Operating Income	518.00M	720.00M	669.00M	764.00M	817.00M	855.00M	1.03B	1.16B	797.00M	922.00M	874.00M	971.00M	894.00M	899.00M	934.00M	6.00M	-757.00M	-523.00M	-119.00M	-96.00M	-139.00M	-316.00M	-138.00M	-302.00M	-147.00M	-177.00M	-166.00M	378.00M	537.00M	688.00M	710.00M	717.00M	591.00M	504.00M	590.00M	620.00M	800.00M	794.00M	875.00M	916.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02B	1.19B	1.16B	1.12B	1.31B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	174.00M	194.00M	187.00M	191.00M	188.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	471.00M	609.00M	582.00M	551.00M	748.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.00M	90.00M	91.00M	103.00M	107.00M
Net Income	328.00M	513.00M	509.00M	481.00M	546.00M	569.00M	1.21B	1.46B	556.00M	571.00M	-170.00M	582.00M	954.00M	533.00M	629.00M	-1.00M	-820.00M	-565.00M	-299.00M	-278.00M	-192.00M	-368.00M	-123.00M	2.53B	-290.00M	-239.00M	-169.00M	147.00M	312.00M	380.00M	382.00M	494.00M	353.00M	275.00M	324.00M	352.00M	461.00M	419.00M	395.00M	567.00M
Diluted EPS	0.41	0.65	0.64	0.61	0.69	0.72	1.53	1.84	0.70	0.73	-0.22	0.75	1.24	0.69	0.82	0.00	-1.07	-0.74	-0.40	-0.36	-0.25	-0.48	-0.17	3.31	-0.38	-0.31	-0.22	0.19	0.41	0.50	0.50	0.66	0.48	0.38	0.45	0.49	0.66	0.61	0.58	0.85
R&D Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42.00M	54.00M	44.00M	-	53.00M	61.00M	55.00M	-	69.00M	69.00M	72.00M	-	41.00M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	11.27B	12.73B	13.73B	12.13B	2.94B	-	4.11B	10.37B	11.30B	13.02B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	2.46B	5.21B	5.78B	6.54B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	1.65B	5.17B	5.52B	6.48B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	2.42B	2.81B	3.06B	3.39B
Operating Income	-28.74M	1.18B	2.39B	2.31B	3.41B	4.10B	2.84B	2.50B	3.46B	3.75B	3.37B	-1.39B	-	-770.00M	2.35B	2.47B	3.09B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	406.00M	3.86B	4.05B	4.50B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	702.00M	818.00M	727.00M	746.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.39B	1.77B	1.96B	2.21B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	154.00M	344.00M	208.00M	347.00M
Net Income	-354.48M	599.39M	1.56B	1.52B	2.31B	2.84B	1.97B	1.68B	2.81B	2.41B	2.70B	-1.69B	-	1.83B	1.22B	1.45B	1.63B
Diluted EPS	-0.82	0.51	1.56	1.85	2.79	3.52	2.47	2.11	3.55	3.07	3.50	-2.21	-	2.40	1.62	1.96	2.35
R&D Expense	-	-	-	-	-	-	-	-	-	-	-	-	109.00M	143.00M	205.00M	228.00M	269.00M

Compounded Sales Growth

5 Years:	46.86%
1 Year:	25.30%

Compounded Profit Growth

5 Years:	-3.88%
1 Year:	73.00%

Stock Price Performance

1 Year:	+25.32%
6 Months:	-24.40%
3 Months:	-10.32%
1 Month:	-5.32%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	20.57B	21.04B	22.24B	22.16B	22.72B	22.21B	20.86B	20.47B	20.69B	22.55B	23.20B	20.81B	-	22.04B	21.78B	20.67B	21.92B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.74B	5.78B	4.29B	4.83B
Cash & Equivalents	3.04B	4.96B	3.04B	3.90B	2.51B	3.60B	3.51B	2.18B	2.13B	2.42B	4.65B	4.23B	2.08B	-	6.31B	5.11B	3.65B	3.84B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.00M	38.00M	41.00M	46.00M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267.00M	484.00M	417.00M	742.00M
Total Liabilities	-	-	12.61B	12.80B	13.51B	13.22B	13.33B	12.45B	12.97B	13.06B	15.80B	16.69B	17.27B	-	18.38B	17.67B	17.51B	19.99B
Current Liabilities	-	-	2.60B	2.50B	2.62B	3.13B	2.70B	2.46B	2.81B	2.96B	3.16B	3.22B	2.82B	-	3.90B	4.42B	5.80B	4.22B
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.95B	12.13B	10.59B	14.66B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15.98B	14.03B	13.75B	15.78B
Total Equity	-	-	6.66B	7.85B	7.06B	7.67B	7.21B	6.82B	6.18B	6.49B	5.68B	5.19B	2.97B	-	3.88B	4.12B	2.88B	1.59B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	833.00M	833.00M	834.30M	839.91M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	638.61M	1.87B	2.66B	3.06B	4.44B	-	-	4.04B	4.54B	4.70B	3.04B	-1.31B	-	-795.00M	3.23B	3.20B	3.02B
Investing Cash Flow	-2.01B	-2.71B	-698.11M	-1.45B	-912.21M	-	-	-1.44B	-822.00M	-930.00M	-103.00M	-1.33B	-	4.16B	-1.25B	-1.58B	-1.22B
Financing Cash Flow	3.31B	-1.13B	-1.09B	-3.05B	-2.43B	-	-	-2.63B	-3.49B	-1.52B	-3.37B	560.00M	-	1.12B	-3.19B	-3.06B	-1.64B
Capital Expenditure	-2.09B	-2.02B	-1.51B	-1.45B	-898.11M	-1.18B	-1.53B	-1.40B	-837.00M	-949.00M	-1.02B	-1.23B	-	-780.00M	-1.26B	-1.58B	-1.24B
Free Cash Flow	-1.45B	-153.83M	1.15B	1.61B	3.54B	-	-	2.65B	3.71B	3.75B	2.02B	-2.54B	-	-1.57B	1.97B	1.62B	1.78B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	4.49B	-1.22B	-1.44B	163.00M
Share Buybacks	-	-	0	0	561.15M	1.68B	205.00M	0	375.00M	905.00M	754.00M	0	0	0	505.00M	1.75B	2.22B
Dividends Paid	-	-	-	-	-	-	2.71B	2.92B	2.94B	2.98B	3.00B	911.00M	0	0	305.00M	590.00M	833.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	40.1%	49.8%	48.9%	49.8%
Operating Margin %	-	-	-	-	-	-	-	22.2%	27.2%	27.3%	27.7%	-47.4%	-	-18.7%	22.7%	21.8%	23.7%
Net Margin %	-	-	-	-	-	-	-	14.9%	22.1%	17.6%	22.2%	-57.3%	-	44.6%	11.8%	12.8%	12.5%
ROE %	-	9.0%	19.9%	21.6%	30.1%	39.4%	28.8%	27.2%	43.3%	42.5%	52.0%	-56.7%	-	47.2%	29.7%	50.1%	102.3%
ROCE %	-	6.4%	12.1%	11.8%	17.4%	21.0%	15.4%	14.2%	19.5%	19.3%	16.8%	-7.7%	-	-4.2%	13.6%	16.6%	17.5%

Shareholding Pattern

Insiders

58.53%

Institutions

42.16%

Public Float

101.68%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	3.95%	26.16M	$1.32B
2	Vanguard Capital Management LLC	2.96%	19.64M	$993.11M
3	Vanguard Portfolio Management LLC	2.77%	18.38M	$929.69M
4	State Street Corporation	2.15%	14.24M	$720.12M
5	Price (T.Rowe) Associates Inc	1.56%	10.34M	$522.90M
6	Arrowstreet Capital, Limited Partnership	1.30%	8.58M	$434.04M
7	Shaw D.E. & Co., Inc.	1.29%	8.54M	$431.74M
8	Geode Capital Management, LLC	1.28%	8.45M	$427.56M
9	AQR Capital Management, LLC	1.14%	7.55M	$381.90M
10	Invesco Ltd.	1.12%	7.41M	$374.97M

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LVS · Consumer Cyclical