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) Free cash flow margin
Las Vegas Sands Corp.'s free cash flow margin over the twelve months to 30 June 2026 was 19.8%, up 6.0 percentage points from fiscal 2025 (13.7%). Over the past ten years it has ranged from −82.2% (fiscal 2020) to 29.2% (fiscal 2017); the current reading is higher than 36% of that period. That is above the Resorts & Casinos industry median of 4.23% and above the Consumer Cyclical sector median of 2.70%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 13.7% | (0.65) |
| FY2024 | 14.4% | (4.64) |
| FY2023 | 19.0% | 60.75 |
| FY2022 | −41.7% | (16.34) |
| FY2021 | −25.4% | 56.82 |
| FY2020 | −82.2% | (96.53) |
| FY2019 | 14.3% | (13.15) |
| FY2018 | 27.5% | (1.76) |
| FY2017 | 29.2% | 6.13 |
| FY2016 | 23.1% | 6.57 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| LVS Las Vegas Sands Corp. | 19.8% |
| MGM MGM Resorts International compare | 11.3% |
| WYNN Wynn Resorts, Limited compare | 10.8% |
| RRR Red Rock Resorts, Inc. compare | 9.65% |
| MTN Vail Resorts, Inc. compare | 8.83% |
| CZR Caesars Entertainment, Inc. compare | 7.25% |
| HGV Hilton Grand Vacations Inc. compare | 6.48% |
| VAC Marriott Vacations Worldwide Corporation compare | 1.98% |
| BYD Boyd Gaming Corporation compare | 0.86% |
| Resorts & Casinos industry median | 4.23% |
| Consumer Cyclical sector median | 2.70% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement