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. In the quarter to June 2026, revenue was flat, EPS fell 19.7%, free cash flow grew 426.9% and total debt fell 3.53%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three.
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Las Vegas Sands Corp. (LVS) Debt to equity
Las Vegas Sands Corp.'s debt to equity at the end of the quarter to 30 June 2026 was 17.0×, up 8.9× 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 above the Resorts & Casinos industry median of 1.9× and above 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 |
|---|---|---|
| Jun 2026 | 17.0× | 74.00% |
| Mar 2026 | 9.8× | 19.82% |
| Dec 2025 | 8.2× | (3.39%) |
| Sep 2025 | 8.4× | 21.86% |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| WYNN Wynn Resorts, Limited compare | −11.8× |
| BYD Boyd Gaming Corporation compare | 1.0× |
| MGM MGM Resorts International compare | 1.8× |
| VAC Marriott Vacations Worldwide Corporation compare | 2.7× |
| CZR Caesars Entertainment, Inc. compare | 3.7× |
| MTN Vail Resorts, Inc. compare | 5.7× |
| HGV Hilton Grand Vacations Inc. compare | 6.2× |
| RRR Red Rock Resorts, Inc. compare | 12.4× |
| LVS Las Vegas Sands Corp. | 17.0× |
| Resorts & Casinos industry median | 1.9× |
| 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)
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement