LAS VEGAS SANDS CORP financials
Source: EDGAR filings · Built 2026-06-02T03:29:39Z
Custom taxonomy namespace:
ffd
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.84B | 1.63B | 2.15B | -1.60B | -1.08B | -2.54B |
| EBITDA | 4.28B | 3.71B | 3.52B | 244.00M | 352.00M | -396.00M |
| Working Capital | 610.00M | -1.51B | 1.35B | 2.84B | 2.94B | 2.89B |
| Net Debt | 12.13B | 10.29B | 9.27B | 9.94B | 13.26B | 12.39B |
| Operating Margin | 21.65% | 21.26% | 22.30% | -19.27% | -16.27% | -47.38% |
| Net Margin | 12.50% | 12.80% | 11.77% | 44.57% | -22.70% | -57.31% |
| Return on Equity (ROE) | 102.33% | 50.14% | 29.65% | 47.20% | -48.15% | -56.68% |
| Return on Assets (ROA) | 7.42% | 7.00% | 5.61% | 8.31% | -4.79% | -8.10% |
| Current Ratio | 1.14× | 0.74× | 1.31× | 1.73× | 2.15× | 2.03× |
| Debt-to-Equity | 10.04× | 4.83× | 3.49× | 4.19× | 7.57× | 4.87× |
| Effective Tax Rate | 15.68% | 10.61% | 19.38% | -11.10% | 0.34% | -1.28% |
| Cash Conversion Ratio | 1.86× | 2.22× | 2.64× | -0.52× | 0.25× | 0.78× |
| Accruals Ratio | -0.06× | -0.09× | -0.09× | 0.13× | -0.04× | -0.02× |
| SBC % of Revenue | 0.41% | 0.49% | 0.42% | 0.95% | 0.52% | 0.75% |
| CapEx Coverage | 2.55× | 2.03× | 3.00× | -1.44× | -0.29× | -1.07× |
| Free Cash Flow Per Share | $2.65 | $2.21 | $2.81 | $-2.09 | $-1.41 | $-3.33 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 27.70× | 26.20× | 30.76× | 20.03× | — | — |
| P/FCF | 24.54× | 23.25× | 17.49× | — | — | — |
| FCF Yield | 4.07% | 4.30% | 5.72% | — | — | — |
| EV / EBITDA | 13.09× | 12.69× | 13.16× | 191.25× | 119.37× | — |
| P/S | 3.38× | 3.25× | 3.57× | 8.94× | 6.79× | 15.49× |
| P/B | 27.63× | 12.75× | 9.00× | 9.46× | 14.41× | 15.32× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 13.02B | 11.30B | 10.37B | 4.11B | 4.23B | 2.94B |
| Research and Development Expense | 269.00M | 228.00M | 205.00M | 143.00M | 109.00M | — |
| Selling, General and Administrative Expense | 1.19B | 1.15B | 1.11B | 936.00M | 831.00M | 798.00M |
| Operating Income (Loss) | 2.82B | 2.40B | 2.31B | -792.00M | -689.00M | -1.39B |
| Income Tax Expense (Benefit) | 347.00M | 208.00M | 344.00M | 154.00M | -5.00M | 24.00M |
| Net Income (Loss) Attributable to Parent | 1.63B | 1.45B | 1.22B | 1.83B | -961.00M | -1.69B |
| Earnings Per Share, Basic | $2.35 | $1.97 | $1.60 | $2.40 | $-1.26 | $-2.21 |
| Weighted Average Number of Shares Outstanding, Basic | 691.00M | 735.00M | 763.00M | 764.00M | 764.00M | 764.00M |
| Earnings Per Share, Diluted | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 | $-2.21 |
| Weighted Average Number of Shares Outstanding, Diluted | 693.00M | 737.00M | 765.00M | 764.00M | 764.00M | 764.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.84B | 3.65B | 5.11B | 6.31B | 1.85B | 2.08B |
| Assets, Current | 4.83B | 4.29B | 5.78B | 6.74B | 5.51B | 5.71B |
| Assets | 21.92B | 20.67B | 21.78B | 22.04B | 20.06B | 20.81B |
| Liabilities, Current | 4.22B | 5.80B | 4.42B | 3.90B | 2.56B | 2.82B |
| Liabilities | 19.99B | 17.51B | 17.67B | 18.38B | 17.81B | 17.27B |
| Stockholders' Equity Attributable to Parent | 1.59B | 2.88B | 4.12B | 3.88B | 2.00B | 2.97B |
| Common Stock, Shares, Outstanding | 675.00M | 716.00M | 753.00M | 764.00M | 764.00M | 764.00M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 3.02B | 3.20B | 3.23B | — | — | -1.31B |
| Payments to Acquire Property, Plant, and Equipment | 1.17B | 1.57B | 1.02B | 651.00M | 828.00M | 1.23B |
| Net Cash Provided by (Used in) Investing Activities | -1.22B | -1.58B | -1.25B | — | — | -1.33B |
| Payments for Repurchase of Common Stock | 2.22B | 1.75B | 505.00M | 0 | 0 | 0 |
| Payments of Dividends | 833.00M | 590.00M | 305.00M | 0 | 0 | 911.00M |
| Net Cash Provided by (Used in) Financing Activities | -1.64B | -3.06B | -3.19B | — | — | 560.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 534.00M | 926.00M | 912.00M | 39.00M | 145.00M | 367.00M |
| EBITDA | 1.26B | 1.07B | 1.09B | 1.15B | 971.00M | 938.00M |
| Working Capital | -367.00M | 610.00M | -519.00M | 762.00M | -2.53B | -1.51B |
| Net Debt | 12.39B | 12.13B | 12.42B | 12.37B | 10.81B | 10.29B |
| Operating Margin | 25.22% | 19.38% | 21.59% | 24.66% | 21.28% | 20.37% |
| Net Margin | 15.82% | 10.82% | 12.58% | 14.52% | 12.30% | 11.19% |
| Return on Equity (ROE) | 47.33% | 24.84% | 26.67% | 23.15% | 13.04% | 11.23% |
| Return on Assets (ROA) | 2.68% | 1.80% | 1.95% | 2.11% | 1.66% | 1.57% |
| Current Ratio | 0.92× | 1.14× | 0.89× | 1.22× | 0.59× | 0.74× |
| Debt-to-Equity | 13.13× | 10.04× | 10.04× | 7.95× | 5.13× | 4.83× |
| Effective Tax Rate | 14.30% | 18.69% | 15.64% | 14.78% | 13.38% | 14.97% |
| Cash Conversion Ratio | 1.29× | 3.05× | 4.34× | 1.53× | 1.49× | 2.82× |
| Accruals Ratio | -0.01× | -0.04× | -0.07× | -0.01× | -0.01× | -0.03× |
| SBC % of Revenue | 0.67% | 0.41% | 1.17% | 0.79% | 0.38% | 0.45% |
| CapEx Coverage | 3.71× | 4.33× | 2.01× | 1.06× | 1.38× | 1.67× |
| Free Cash Flow Per Share | $0.80 | $1.34 | $1.33 | $0.06 | $0.20 | $0.50 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 19.96× | 27.82× | 24.34× | 21.97× | 21.46× | 26.07× |
| EV / EBITDA | 10.52× | 13.09× | 11.78× | 10.86× | 10.46× | 12.69× |
| P/S | 2.60× | 3.38× | 2.97× | 2.57× | 2.44× | 3.25× |
| P/B | 29.82× | 27.63× | 23.21× | 15.01× | 10.12× | 12.75× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 3.58B | 3.65B | 3.33B | 3.17B | 2.86B | 2.90B |
| Research and Development Expense | 41.00M | 59.00M | 72.00M | 69.00M | 69.00M | 59.00M |
| Selling, General and Administrative Expense | 302.00M | 315.00M | 308.00M | 292.00M | 273.00M | 303.00M |
| Operating Income (Loss) | 904.00M | 707.00M | 719.00M | 783.00M | 609.00M | 590.00M |
| Income Tax Expense (Benefit) | 107.00M | 103.00M | 91.00M | 90.00M | 63.00M | 69.00M |
| Net Income (Loss) Attributable to Parent | 567.00M | 395.00M | 419.00M | 461.00M | 352.00M | 324.00M |
| Earnings Per Share, Basic | $0.85 | $0.59 | $0.61 | $0.66 | $0.49 | $0.45 |
| Weighted Average Number of Shares Outstanding, Basic | 669.00M | 691.00M | 682.00M | 695.00M | 712.00M | 735.00M |
| Earnings Per Share, Diluted | $0.85 | $0.58 | $0.61 | $0.66 | $0.49 | $0.45 |
| Weighted Average Number of Shares Outstanding, Diluted | 671.00M | 693.00M | 685.00M | 696.00M | 713.00M | 737.00M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.33B | 3.84B | 3.35B | 3.45B | 3.04B | 3.65B |
| Assets, Current | 4.27B | 4.83B | 4.15B | 4.26B | 3.72B | 4.29B |
| Assets | 21.18B | 21.92B | 21.50B | 21.85B | 21.25B | 20.67B |
| Liabilities, Current | 4.63B | 4.22B | 4.67B | 3.50B | 6.25B | 5.80B |
| Liabilities | 19.57B | 19.99B | 19.64B | 19.57B | 18.21B | 17.51B |
| Stockholders' Equity Attributable to Parent | 1.20B | 1.59B | 1.57B | 1.99B | 2.70B | 2.88B |
| Common Stock, Shares, Outstanding | 663.00M | 675.00M | 678.00M | 687.00M | 707.00M | 716.00M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 731.00M | 1.20B | 1.82B | 704.00M | 526.00M | 915.00M |
| Payments to Acquire Property, Plant, and Equipment | 194.00M | 274.00M | 894.00M | 665.00M | 379.00M | 547.00M |
| Net Cash Provided by (Used in) Investing Activities | -186.00M | -266.00M | -951.00M | -740.00M | -454.00M | -550.00M |
| Payments for Repurchase of Common Stock | 753.00M | 501.00M | 1.72B | 1.22B | 416.00M | 450.00M |
| Payments of Dividends | 202.00M | 169.00M | 664.00M | — | 179.00M | 145.00M |
| Net Cash Provided by (Used in) Financing Activities | -1.04B | -451.00M | -1.19B | -180.00M | -692.00M | -879.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LVS CIK 0001300514),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.