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
Las Vegas Sands Corp.'s free cash flow for fiscal 2025 was $1.8B, up 9.97% from $1.6B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.7B. Over the past ten years it has ranged from −$2.4B (fiscal 2020) to $3.8B (fiscal 2018); the current reading is higher than 55% of that period. Las Vegas Sands Corp. ranks 1st of 18 Resorts & Casinos companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.8B | 9.97% |
| FY2024 | $1.6B | (17.64%) |
| FY2023 | $2.0B | — |
| FY2022 | −$1.7B | — |
| FY2021 | −$1.1B | — |
| FY2020 | −$2.4B | — |
| FY2019 | $1.7B | (53.94%) |
| FY2018 | $3.8B | 1.34% |
| FY2017 | $3.7B | 42.90% |
| FY2016 | $2.6B | 34.78% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $353.0M | (34.26%) |
| Mar 2026 | $537.0M | (42.26%) |
| Dec 2025 | $930.0M | 4.14% |
| Sep 2025 | $893.0M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| LVS Las Vegas Sands Corp. | $2.7B |
| MGM MGM Resorts International compare | $2.0B |
| CZR Caesars Entertainment, Inc. compare | $845.0M |
| WYNN Wynn Resorts, Limited compare | $801.5M |
| HGV Hilton Grand Vacations Inc. compare | $342.0M |
| MTN Vail Resorts, Inc. compare | $250.5M |
| RRR Red Rock Resorts, Inc. compare | $193.4M |
| VAC Marriott Vacations Worldwide Corporation compare | $102.0M |
| BYD Boyd Gaming Corporation compare | $35.1M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- 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