Las Vegas Sands Corp. | Large-cap | Consumer Cyclical
$49.61
-4.34%
| Las Vegas Sands Stock Comparison:
Las Vegas Sands vs Wynn ResortsLas Vegas Sands vs MGM ResortsLas Vegas Sands vs Boyd GamingLas Vegas Sands vs Red Rock ResortsLas Vegas Sands vs Vail ResortsLas Vegas Sands vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 2.9B
Gross Profit 1.4B 49.51%
Operating Income 620.0M 21.66%
Net Income 408.0M 14.26%
EPS (Diluted) $0.49

Balance Sheet Metrics

Total Assets 21.2B
Total Liabilities 18.2B
Shareholders Equity 3.0B
Debt to Equity 6.01

Cash Flow Metrics

Operating Cash Flow 513.0M
Free Cash Flow 72.0M

Revenue & Profitability Trend

Las Vegas Sands Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 11.3B 10.4B 4.1B 4.2B 2.9B
Cost of Goods Sold i 5.8B 5.2B 2.5B 2.6B 2.1B
Gross Profit i 5.5B 5.2B 1.6B 1.6B 821.0M
Gross Margin % i 48.9% 49.8% 40.1% 38.0% 27.9%
Operating Expenses
Research & Development i 228.0M 205.0M 143.0M 109.0M 18.0M
Selling, General & Administrative i 1.2B 1.1B 936.0M 831.0M 798.0M
Other Operating Expenses i 290.0M 230.0M 235.0M 211.0M 168.0M
Total Operating Expenses i 1.7B 1.5B 1.3B 1.2B 984.0M
Operating Income i 2.5B 2.4B -770.0M -643.0M -1.3B
Operating Margin % i 21.8% 22.7% -18.7% -15.2% -44.3%
Non-Operating Items
Interest Income i 275.0M 288.0M 116.0M 4.0M 21.0M
Interest Expense i 727.0M 818.0M 702.0M 621.0M 523.0M
Other Non-Operating Income -54.0M -50.0M -31.0M -214.0M -73.0M
Pre-tax Income i 2.0B 1.8B -1.4B -1.5B -1.9B
Income Tax i 208.0M 344.0M 154.0M -5.0M 24.0M
Effective Tax Rate % i 10.6% 19.4% 0.0% 0.0% 0.0%
Net Income i 1.8B 1.4B 1.4B -1.3B -2.1B
Net Margin % i 15.5% 13.8% 33.0% -30.1% -72.9%
Key Metrics
EBITDA i 4.1B 3.9B 428.0M 427.0M -209.0M
EPS (Basic) i $1.97 $1.60 $2.40 $-1.26 $-2.21
EPS (Diluted) i $1.96 $1.60 $2.40 $-1.26 $-2.21
Basic Shares Outstanding i 735000000 763000000 764000000 764000000 764000000
Diluted Shares Outstanding i 735000000 763000000 764000000 764000000 764000000

Income Statement Trend

Las Vegas Sands Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 3.6B 5.1B 6.3B 1.9B 2.1B
Short-term Investments i - - - - -
Accounts Receivable i 417.0M 484.0M 267.0M 202.0M 252.0M
Inventory i 41.0M 38.0M 28.0M 22.0M 22.0M
Other Current Assets 182.0M 150.0M 138.0M 113.0M 113.0M
Total Current Assets i 4.3B 5.8B 6.7B 5.5B 5.7B
Non-Current Assets
Property, Plant & Equipment i 0 0 0 0 0
Goodwill i 647.0M 701.0M 74.0M 19.0M 25.0M
Intangible Assets i 443.0M 495.0M 54.0M 19.0M 25.0M
Long-term Investments - - - - -
Other Non-Current Assets 572.0M 521.0M 487.0M 514.0M 539.0M
Total Non-Current Assets i 16.4B 16.0B 15.3B 14.5B 15.1B
Total Assets i 20.7B 21.8B 22.0B 20.1B 20.8B
Liabilities
Current Liabilities
Accounts Payable i 164.0M 167.0M 89.0M 77.0M 89.0M
Short-term Debt i 3.2B 1.9B 2.0B 74.0M 75.0M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - 821.0M 755.0M
Total Current Liabilities i 5.8B 4.4B 3.9B 2.6B 2.8B
Non-Current Liabilities
Long-term Debt i 10.6B 12.1B 13.9B 14.7B 13.9B
Deferred Tax Liabilities i 188.0M 187.0M 152.0M 173.0M 188.0M
Other Non-Current Liabilities 925.0M 936.0M 382.0M 352.0M 336.0M
Total Non-Current Liabilities i 11.7B 13.3B 14.5B 15.2B 14.5B
Total Liabilities i 17.5B 17.7B 18.4B 17.8B 17.3B
Equity
Common Stock i 1.0M 1.0M 1.0M 1.0M 1.0M
Retained Earnings i 3.5B 2.6B 1.7B -148.0M 813.0M
Treasury Stock i 6.8B 5.0B 4.5B 4.5B 4.5B
Other Equity - - - - -
Total Shareholders Equity i 3.2B 4.1B 3.7B 2.2B 3.5B
Key Metrics
Total Debt i 13.8B 14.0B 16.0B 14.8B 14.0B
Working Capital i -1.5B 1.4B 2.8B 2.9B 2.9B

Balance Sheet Composition

Las Vegas Sands Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 1.8B 1.4B -1.5B -1.5B -1.9B
Depreciation & Amortization i 1.4B 1.3B 1.1B 1.1B 1.1B
Stock-Based Compensation i 55.0M 44.0M 39.0M 22.0M 22.0M
Working Capital Changes i 19.0M 390.0M 164.0M -89.0M -1.4B
Operating Cash Flow i 3.2B 3.2B -957.0M -432.0M -2.2B
Investing Activities
Capital Expenditures i 1.0M 3.0M 9.0M 7.0M 1.0M
Acquisitions i - - - 0 0
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i 1.0M 3.0M 59.0M 7.0M 1.0M
Financing Activities
Share Repurchases i -1.8B -505.0M 0 0 0
Dividends Paid i -590.0M -305.0M 0 0 -911.0M
Debt Issuance i 1.7B 0 1.2B 2.7B 1.9B
Debt Repayment i -2.1B -2.1B -66.0M -2.0B -467.0M
Financing Cash Flow i -3.0B -3.2B 1.1B 3.4B 2.5B
Free Cash Flow i 1.6B 2.0B -1.6B -824.0M -2.5B
Net Change in Cash i 184.0M 17.0M 224.0M 2.9B 305.0M

Cash Flow Trend

Las Vegas Sands Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 26.40
Forward P/E 19.01
Price to Book 18.04
Price to Sales 3.09
PEG Ratio 0.70

Profitability Ratios

Profit Margin 12.16%
Operating Margin 24.91%
Return on Equity 54.15%
Return on Assets 7.34%

Financial Health

Current Ratio 1.22
Debt to Equity 693.25
Beta 1.00

Per Share Data

EPS (TTM) $1.98
Book Value per Share $2.90
Revenue per Share $16.26

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
lvs 36.6B 26.40 18.04 54.15% 12.16% 693.25
Wynn Resorts 12.8B 36.36 -10.57 -51.73% 5.51% -10.07
MGM Resorts 9.0B 18.10 3.03 21.79% 3.14% 844.04
Boyd Gaming 6.7B 12.94 4.83 36.23% 14.02% 305.14
Red Rock Resorts 6.1B 19.65 16.61 129.06% 8.89% 1,149.62
Vail Resorts 5.7B 20.54 13.07 33.50% 9.45% 456.85

Financial data is updated regularly. All figures are in the company's reporting currency.