stockrowLas 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
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Las Vegas Sands Corp. (LVS) Gross margin
Las Vegas Sands Corp.'s gross margin over the twelve months to 30 September 2026 was 47.5%, down 2.3 percentage points from fiscal 2025 (49.8%). Over the past ten years it has ranged from 27.9% (fiscal 2020) to 50.3% (fiscal 2017); the current reading is higher than 82% of that period. That is in line with the Resorts & Casinos industry median of 47.5% and above the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 49.8% | 0.92 |
| FY2024 | 48.9% | (0.95) |
| FY2023 | 49.8% | 9.67 |
| FY2022 | 40.2% | 2.17 |
| FY2021 | 38.0% | 10.05 |
| FY2020 | 27.9% | (21.78) |
| FY2019 | 49.7% | 0.51 |
| FY2018 | 49.2% | (1.07) |
| FY2017 | 50.3% | 0.72 |
| FY2016 | 49.6% | 1.89 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 45.6% | (1.30) |
| Jun 2026 | 46.9% | (1.87) |
| Mar 2026 | 48.8% | 0.34 |
| Dec 2025 | 48.5% | (1.35) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| VAC Marriott Vacations Worldwide Corporation compare | 90.9% |
| RRR Red Rock Resorts, Inc. compare | 58.9% |
| CZR Caesars Entertainment, Inc. compare | 53.0% |
| BYD Boyd Gaming Corporation compare | 49.1% |
| LVS Las Vegas Sands Corp. | 47.5% |
| MGM MGM Resorts International compare | 43.6% |
| MTN Vail Resorts, Inc. compare | 41.3% |
| HGV Hilton Grand Vacations Inc. compare | 39.6% |
| WYNN Wynn Resorts, Limited compare | 0.00% |
| Resorts & Casinos industry median | 47.5% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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