Las Vegas Sands Corp.

Las Vegas Sands Corp.

LVS
Las Vegas Sands Corp.US flagNew York Stock Exchange
50.86
USD
-0.35
- -
33.70BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.75
18.09
14.67
14.18
16.07
17.47
15.73
3.85
5.54
5.38
13.79
15.37
18.84
20.2
Basic EPS, GAAP
2.8
3.52
2.47
2.11
3.55
3.07
3.5
-2.21
-1.26
2.4
1.62
1.97
2.35
2.71
Free Cash Flow per Basic Share
5.34
6
4.34
5.03
5.74
5.98
3.87
-1.72
0.01
-1.21
3.97
4.34
4.27
4.75
Dividend per Share
1.9
2.96
3.4
3.68
3.72
3.79
3.89
1.19
- -
- -
0.41
0.8
1.21
1.26
Book Value per Share
2.08
3.66
3.57
2.8
3.42
3.53
4.02
1.07
-0.19
2.21
3.46
4.7
6.35
6.99
Tangible Book Value per Share
11.43
11.08
10.48
9.3
9.52
8.49
8.39
4.6
2.92
4.7
4.66
3.56
1.97
1.56
Basic Weighted Avg Shares
822
806
797
795
792
786
771
764
764
764
752
735
691
680
Sales/Revenue/Turnover
13,770
14,584
11,688
11,271
12,728
13,729
12,127
2,940
4,234
4,110
10,372
11,298
13,017
13,740
Operating Margin (%)
24.93
28.33
25.02
24.05
27.44
28.46
28.7
-44.25
-15.19
-18.73
22.71
21.83
23.73
24.64
Depreciation Expense
1,048
1,072
1,038
1,149
1,208
1,146
1,071
1,052
1,097
1,091
1,266
1,368
1,540
1,541
Net Income, GAAP
2,306
2,841
1,966
1,679
2,808
2,413
2,698
-1,685
-961
1,832
1,221
1,446
1,627
1,842
Effective Tax Rate (%)
6.01
6.39
9
10.56
- -
11.27
12
- -
- -
- -
19.38
10.61
15.68
15.7
Profit Margin (%)
16.75
19.48
16.82
14.9
22.06
17.58
22.25
-57.31
-22.7
44.57
11.77
12.8
12.5
13.41
Working Capital
2,386
2,491
1,145
292
241
2,409
2,081
2,891
2,945
2,842
1,355
-1,511
610
-367
LT Debt
9,383
9,893
9,249
9,428
9,344
11,874
12,422
13,929
14,721
13,947
12,129
10,592
14,656
13,900
Total Equity
9,501
9,021
8,418
7,496
7,627
6,745
6,507
3,538
2,248
3,656
4,104
3,160
1,934
1,608
Return on Invested Capital (%)
16.81
20.19
14.55
13.99
- -
18.99
15.94
- -
- -
- -
9.92
12.3
14.64
16.53
Return on Capital (%)
14.88
16.76
12.53
11.72
- -
15.5
15.2
- -
- -
- -
9.81
10.5
10.62
9.01
Return on Common Equity (%)
202.69
121.91
67.94
66.31
113.85
88.05
91.88
-86.06
- -
- -
56.98
47.75
41.48
43.95

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,920
1,128
1,824
LT Borrowings
13,852
14,656
13,900
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
678
675
663
Market Capitalization
37,787
44,977
36,652

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,152
4,832
4,266
Cash, Cash Equivalents & STI
3,353
3,841
3,330
Accounts Receivable, Net
548
742
677
Inventories
45
46
46
Total Current Liabilities
4,671
4,222
4,633
Payables & Accruals
2,751
2,321
2,809
ST Debt
1,920
1,128
1,824
Deferred Revenue
- -
773
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-9.33%
-4.68%
-38.8%
Free Cash Flow
-2,387.21%
-4,744.87%
-7.62%
Net Income, GAAP
-44.81%
-67.2%
12.52%
Sales/Revenue/Turnover
14.74%
43.52%
15.22%
Total Cash Common Dividend
- -
- -
41.19%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,959
2,761
2,682
2,896
11,298
2025
2,862
3,175
3,331
3,649
13,017
2026
3,585
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
0.48
0.38
0.45
1.97
2025
0.49
0.66
0.61
0.59
2.35
2026
0.85
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.2
0.2
0.2
0.8
2025
0.25
0.35
0.35
0.25
1.21
2026
0.3
- -
- -
- -
- -

Company Description

APIChat
CEO
Patrick Dumont
Full Time Employees
39,900
Sector
Consumer Cyclical
Industry
Gambling, Resorts & Casinos
Address
5420 S. Durango Dr Las Vegas NV United States of America 89113
IPO Date
Dec 15, 2004
Website
sands.com
Business
Las Vegas Sands Corp. is a global developer and operator of integrated resorts primarily in Asia, with headquarters located in Las Vegas, Nevada. The company’s main products and services include casino gaming operations, luxury hotel accommodations, entertainment venues, retail malls, convention and exhibition facilities, and a broad range of food and beverage offerings. Core properties include The Venetian Macao, Sands Macao, The Parisian Macao, The Londoner Macao, Four Seasons Hotel Macao, and Marina Bay Sands in Singapore. Collectively, these resorts feature approximately 14,200 rooms and suites, over 1,250 gaming tables, 4,500 slot machines, more than 200 restaurants, retail malls, and extensive convention space. Las Vegas Sands targets high-end leisure and business tourists, leveraging a convention-based integrated resort model that integrates gaming with entertainment, retail, and hospitality services in key Asian markets. Founded in 1988 and formerly holding assets in the United States such as The Venetian and The Palazzo in Las Vegas before their sale in 2022, Las Vegas Sands now concentrates its operations exclusively in Asia, primarily Macau and Singapore, which constitute the world’s largest gaming and entertainment market. The company recently announced strategic initiatives including a $1.75 billion senior notes issuance in early 2024 to fund further development of its Singapore integrated resort. It also increased its ownership stake in Sands China Ltd. to 72.3% through stock purchases, signaling continued investment in Macao operations. Key recent developments include plans for further expansion and capital investment programs in Macao and Singapore, with an emphasis on non-gaming revenue streams such as retail, dining, entertainment, and meeting facilities. Additionally, LVS released its 2024 low-carbon transition plan targeting a 30% emissions reduction, highlighting the company’s commitment to sustainability alongside business growth. Recent operational changes include the divestiture of its U.S. properties in 2022, pivoting entirely to Asian markets, and active pursuit of new integrated resort opportunities in emerging markets, including exploratory interests in Thailand. The company’s integrated resorts collectively generate over $10 billion in annual revenue, driven by casino operations, hotel accommodations, convention and retail activities, and entertainment offerings. Las Vegas Sands also maintains a significant focus on delivering premium guest services and innovative resort experiences through partnerships and digital engagement enhancements to maintain its market leadership position. Las Vegas Sands Corp. operates worldwide but is primarily concentrated in Asia’s integrated resort industry with significant economic and tourism impact in its host regions. The company employs over 40,000 people and remains a dominant player in the luxury hospitality and gaming industry with a broad portfolio of branded integrated resort properties. Its recent strategic focus emphasizes sustainable growth, diversification of revenue sources beyond gaming, and continued infrastructural investment in its flagship resorts to drive long-term shareholder value. This description reflects the company’s operations, core offerings, recent major changes including capital initiatives, asset sales, sustainability commitments, and market positioning as of late 2025.

Company News

APIChat
  • 4 Gaming Stocks Worth Watching Despite Industry Headwinds

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  • Sands to Participate in the Bernstein Strategic Decisions Conference

  • These 2 Consumer Discretionary Stocks Could Beat Earnings: Why They Should Be on Your Radar

  • Macao Sustainability Leader Sustaincia Joins the Sands Cares Accelerator

  • Sands China Committed to Advancing Macao's Economic Diversification

  • Las Vegas Sands Continues on the Dow Jones Best-in-Class Indices for World and North America

  • Sands China Launches 'Community Revitalization Programme 2.0 for Rua das Estalagens'

  • Las Vegas Sands Reports First Quarter 2026 Results

  • Sands Surpasses the Primary People, Communities and Planet Ambitions Set for its 2021-2025 Reporting Period

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  • Sands China Concludes Successful Participation at Art Central

  • Sands China Celebrates Grand Opening at Hong Kong's Art Central

  • 3 Dividend Stocks to Buy and Hold Forever

  • Sands China Presents "A Century of Iec Long Firecracker Factory in Radiance - An Exhibition on the Resonant History and Aesthetic Memory of Macao Firecrackers"

  • Las Vegas Sands Board of Directors Appoints Patrick Dumont as Chairman and Chief Executive Officer

  • Sands China Awarded 2nd Consecutive "Top Employer" Certification

  • Sands China, Alipay and Macau Pass Deepen Partnership to Drive Digital Upgrade

  • Sands China Unites for Chinese New Year Community Care Initiative

  • Why Investors Need to Take Advantage of These 2 Consumer Discretionary Stocks Now