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Friday 6 November 2026 Export LVS’s income statement to Excel — free account

Las Vegas Sands Corp.

LVS Consumer Cyclical Resorts & Casinos

Las Vegas Sands Corp.’s revenue for fiscal 2025 (year ended December 2025) was $13.0 billion, up 15.2% from fiscal 2024.

Revenue
−3.45%
EPS
−21.3%
Free cash flow
−34.3%
Total debt
−2.08%

Quarter to September 2026, against a year earlier

40.91 0.17 +0.42%
Market cap
$25.7B
P/E
16.7×
Fwd P/E
14.5×
Dividend yield
2.93%
F-score
8/9
Altman Z
2.68
Beneish M
−2.06
Dividend safety
59/100
Overview Business Profile Earnings & Analysis
Financials
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Las Vegas Sands Corp. (LVS) Debt to equity

Alert me on Debt to equity

Las Vegas Sands Corp.'s debt to equity at the end of the quarter to 30 September 2026 was −134×, down 142× from fiscal 2025 (8.2×). Over the past ten years it has ranged from 1.1× (fiscal 2015) to 8.2× (fiscal 2025) — the current reading is the highest in ten years. That is below the Resorts & Casinos industry median of 0.1× and below the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 8.2× 87.53%
FY2024 4.4× 27.31%
FY2023 3.4× (21.78%)
FY2022 4.4× (33.59%)
FY2021 6.6× 66.27%
FY2020 4.0× 106.18%
FY2019 1.9× 8.04%
FY2018 1.8× 40.59%
FY2017 1.3× (1.26%)
FY2016 1.3× 15.32%

Quarterly newest first

Period Debt to equity Change
Sep 2026 −134× —
Jun 2026 17.0× 74.00%
Mar 2026 9.8× 19.82%
Dec 2025 8.2× (3.39%)
43 more quarters

Against its own ten years

Low 1.1× High 8.2×
Ten-year median 3.4×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
LVS Las Vegas Sands Corp. −134×
WYNN Wynn Resorts, Limited compare −10.9×
RRR Red Rock Resorts, Inc. compare 0.1×
BYD Boyd Gaming Corporation compare 1.1×
MGM MGM Resorts International compare 1.7×
VAC Marriott Vacations Worldwide Corporation compare 2.5×
HGV Hilton Grand Vacations Inc. compare 5.3×
MTN Vail Resorts, Inc. compare 5.7×
CZR Caesars Entertainment, Inc. compare 7.2×
Resorts & Casinos industry median 0.1×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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