LVS

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Las Vegas Sands Corp.

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Key Metrics

Previous Close: $46.58
52-Week Range: $44.21 – $70.45
Market Cap: $29.77B
P/E (TTM): 17.82
EPS (TTM): 2.58
Dividend Yield: 2.58%

Advanced Metrics

Price/Book: 51.25
PEG Ratio: 1.12
Return on Equity: 122.87%
Return on Assets: 9.55%
Gross Margin: 79.33%
Operating Margin: 19.66%
Profit Margin: 12.59%
Current Ratio: 1.00
Debt/Equity: 17.04
Total Debt: $15.28B
Free Cash Flow: $2.21B
Revenue Growth: -0.70%
Earnings Growth: -19.80%
Enterprise Value: $42.39B

LVS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$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
Research & Development	$143.00M	$205.00M	$228.00M	$269.00M
Selling, General & Admin	$936.00M	$1.11B	$1.15B	$1.19B
Operating Expenses	$2.42B	$2.81B	$3.06B	$3.39B
Operating Income	-$770.00M	$2.35B	$2.47B	$3.09B
EBITDA	$406.00M	$3.86B	$4.05B	$4.50B
Pretax Income	-$1.39B	$1.77B	$1.96B	$2.21B
Income Tax	$154.00M	$344.00M	$208.00M	$347.00M
Net Income	$1.83B	$1.22B	$1.45B	$1.63B
Diluted EPS	2.40	1.62	1.96	2.35
Diluted Shares	764.00M	754.00M	737.00M	693.00M

LVS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$6.31B	$5.11B	$3.65B	$3.84B
Receivables	$267.00M	$484.00M	$417.00M	$742.00M
Inventory	$28.00M	$38.00M	$41.00M	$46.00M
Current Assets	$6.74B	$5.78B	$4.29B	$4.83B
Total Assets	$22.04B	$21.78B	$20.67B	$21.92B
Current Liabilities	$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 Liabilities	$18.38B	$17.67B	$17.51B	$19.99B
Retained Earnings	$1.68B	$2.60B	$3.46B	$4.39B
Shareholders' Equity	$3.88B	$4.12B	$2.88B	$1.59B
Working Capital	$2.84B	$1.35B	-$1.51B	$610.00M
Net Debt	$9.67B	$8.92B	$10.10B	$11.94B

LVS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$795.00M	$3.23B	$3.20B	$3.02B
Capital Expenditure	-$780.00M	-$1.26B	-$1.58B	-$1.24B
Free Cash Flow	-$1.57B	$1.97B	$1.62B	$1.78B
Depreciation & Amortisation	$1.09B	$1.27B	$1.37B	$1.54B
Stock-Based Compensation	$39.00M	$44.00M	$55.00M	$54.00M
Investing Cash Flow	$4.16B	-$1.25B	-$1.58B	-$1.22B
Financing Cash Flow	$1.12B	-$3.19B	-$3.06B	-$1.64B
Dividends Paid	$0.00	-$305.00M	-$590.00M	-$833.00M
Share Repurchases	$0.00	-$505.00M	-$1.75B	-$2.22B
Net Change in Cash	$4.49B	-$1.22B	-$1.44B	$163.00M

LVS Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$3.17B	$3.33B	$3.65B	$3.58B	$3.15B
Cost of Revenue	$1.54B	$1.67B	$1.88B	$1.84B	$1.67B
Gross Profit	$1.64B	$1.66B	$1.77B	$1.75B	$1.48B
Research & Development	$69.00M	$72.00M	$59.00M	$41.00M	$43.00M
Selling, General & Admin	$292.00M	$308.00M	$315.00M	$302.00M	$331.00M
Operating Expenses	$837.00M	$865.00M	$893.00M	$833.00M	$855.00M
Operating Income	$800.00M	$794.00M	$875.00M	$916.00M	$625.00M
EBITDA	$1.19B	$1.16B	$1.13B	$1.31B	$1.02B
Pretax Income	$609.00M	$582.00M	$551.00M	$748.00M	$461.00M
Income Tax	$90.00M	$91.00M	$103.00M	$107.00M	$88.00M
Net Income	$461.00M	$419.00M	$395.00M	$567.00M	$346.00M
Diluted EPS	0.66	0.61	0.58	0.85	0.53
Diluted Shares	696.00M	685.00M	678.00M	671.00M	656.00M

LVS Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$3.45B	$3.35B	$3.84B	$3.33B	$3.38B
Receivables	$533.00M	$548.00M	$742.00M	$677.00M	$622.00M
Inventory	$40.00M	$45.00M	$46.00M	$46.00M	$46.00M
Current Assets	$4.26B	$4.15B	$4.83B	$4.27B	$4.30B
Total Assets	$21.85B	$21.50B	$21.92B	$21.18B	$19.91B
Current Liabilities	$3.50B	$4.67B	$4.22B	$4.63B	$4.31B
Long-Term Debt	$14.90B	$13.85B	$14.66B	$13.90B	$13.69B
Total Debt	$15.82B	$15.77B	$15.78B	$15.72B	$15.26B
Total Liabilities	$19.57B	$19.64B	$19.99B	$19.57B	$19.01B
Retained Earnings	$3.91B	$4.16B	$4.39B	$4.75B	$4.90B
Shareholders' Equity	$1.99B	$1.57B	$1.59B	$1.20B	$581.00M
Working Capital	$762.00M	-$519.00M	$610.00M	-$367.00M	-$14.00M
Net Debt	$12.37B	$12.42B	$11.94B	$12.39B	$11.89B

LVS Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$178.00M	$1.11B	$1.20B	$731.00M	$682.00M
Capital Expenditure	-$286.00M	-$229.00M	-$274.00M	-$194.00M	-$335.00M
Free Cash Flow	-$108.00M	$886.00M	$930.00M	$537.00M	$347.00M
Depreciation & Amortisation	$391.00M	$389.00M	$383.00M	$378.00M	$371.00M
Stock-Based Compensation	$14.00M	$14.00M	$15.00M	$24.00M	$13.00M
Investing Cash Flow	-$286.00M	-$211.00M	-$266.00M	-$186.00M	$946.00M
Financing Cash Flow	$512.00M	-$1.01B	-$451.00M	-$1.04B	-$1.58B
Dividends Paid	-$246.00M	-$239.00M	-$169.00M	-$202.00M	-$328.00M
Share Repurchases	-$800.00M	-$500.00M	-$501.00M	-$753.00M	-$788.00M
Net Change in Cash	$404.00M	-$108.00M	$487.00M	-$495.00M	$45.00M

Market Snapshot

About

Las Vegas Sands Corp. is one of the world's largest integrated resort and casino operators. The company owns and operates iconic properties including Marina Bay Sands in Singapore and The Venetian Macao. Las Vegas Sands focuses on premium casino gaming, luxury hotel accommodations, entertainment, retail, and convention facilities primarily in Asian markets.