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) Operating margin
Las Vegas Sands Corp.'s operating margin over the twelve months to 30 September 2026 was 20.9%, down 0.7 percentage points from fiscal 2025 (21.7%). Over the past ten years it has ranged from −47.4% (fiscal 2020) to 27.8% (fiscal 2019); the current reading is higher than 45% of that period. That is above the Resorts & Casinos industry median of 12.2% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 21.7% | 0.39 |
| FY2024 | 21.3% | (1.04) |
| FY2023 | 22.3% | 41.57 |
| FY2022 | −19.3% | (3.00) |
| FY2021 | −16.3% | 31.11 |
| FY2020 | −47.4% | (75.13) |
| FY2019 | 27.8% | 0.43 |
| FY2018 | 27.3% | 0.10 |
| FY2017 | 27.2% | 5.02 |
| FY2016 | 22.2% | (2.11) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.2% | (0.37) |
| Jun 2026 | 19.6% | (5.63) |
| Mar 2026 | 25.2% | 5.84 |
| Dec 2025 | 19.4% | (2.21) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| RRR Red Rock Resorts, Inc. compare | 22.3% |
| LVS Las Vegas Sands Corp. | 20.9% |
| BYD Boyd Gaming Corporation compare | 17.8% |
| CZR Caesars Entertainment, Inc. compare | 15.4% |
| HGV Hilton Grand Vacations Inc. compare | 15.0% |
| MTN Vail Resorts, Inc. compare | 14.8% |
| WYNN Wynn Resorts, Limited compare | 14.2% |
| MGM MGM Resorts International compare | 7.04% |
| VAC Marriott Vacations Worldwide Corporation compare | −1.35% |
| Resorts & Casinos industry median | 12.2% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on LVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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