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) Net margin
Las Vegas Sands Corp.'s net margin over the twelve months to 30 June 2026 was 12.6%, up 0.1 percentage points from fiscal 2025 (12.5%). Over the past ten years it has ranged from −57.3% (fiscal 2020) to 44.6% (fiscal 2022); the current reading is higher than 36% of that period. That is above the Resorts & Casinos industry median of 1.28% and above the Consumer Cyclical sector median of 1.67%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 12.5% | (0.30) |
| FY2024 | 12.8% | 1.03 |
| FY2023 | 11.8% | (32.80) |
| FY2022 | 44.6% | 67.27 |
| FY2021 | −22.7% | 34.61 |
| FY2020 | −57.3% | (79.56) |
| FY2019 | 22.3% | 4.67 |
| FY2018 | 17.6% | (4.48) |
| FY2017 | 22.1% | 7.16 |
| FY2016 | 14.9% | (1.92) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 11.0% | (4.85) |
| Mar 2026 | 15.8% | 5.00 |
| Dec 2025 | 10.8% | (1.76) |
| Sep 2025 | 12.6% | (1.94) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| BYD Boyd Gaming Corporation compare | 44.3% |
| LVS Las Vegas Sands Corp. | 12.6% |
| RRR Red Rock Resorts, Inc. compare | 8.43% |
| WYNN Wynn Resorts, Limited compare | 6.06% |
| MTN Vail Resorts, Inc. compare | 5.20% |
| HGV Hilton Grand Vacations Inc. compare | 2.86% |
| MGM MGM Resorts International compare | 2.36% |
| CZR Caesars Entertainment, Inc. compare | −3.99% |
| VAC Marriott Vacations Worldwide Corporation compare | −6.47% |
| Resorts & Casinos industry median | 1.28% |
| Consumer Cyclical sector median | 1.67% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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