Fundamental analysis · SEC EDGAR · TTM through 30/09/2026

Fundamental analysis of Las Vegas Sands Corp

LVS · NYSE · Consumer

Fundamental quality

REASONABLE

71

out of 100

Las Vegas Sands Corp grows profitably: it increases revenue at double digits (30.5% a year) without giving up profitability (net margin 11.8%). On fundamental quality it scores 71 out of 100, profiling it as a company of reasonable quality. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Las Vegas Sands is, despite its name, a pure bet on the Asian casino: it sold Las Vegas and kept Macau and Singapore's Marina Bay Sands, the planet's most profitable resort. The empire Sheldon Adelson built facing East.

What will shape its future

  • Macau's recovery and gambler spending, its critical mass of profit.
  • Singapore: Marina Bay Sands and its multi-billion expansion, the unrivaled jewel.
  • Chinese regulation and Macau licenses, the perennial political risk.

Breakdown by area

I.Growth
74

EPS growth: 0.4% · Revenue growth: 30.5%

II.Profitability
69

Net margin: 11.8% · ROIC: 18.6%

III.Financial health
71

Net debt/EBITDA: 3.03x · FCF: 17.7%

Source: SEC EDGAR · TTM through 30/09/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 80%
Growthbeats 89%
Cash generationbeats 85%
Less debtbeats 19%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Las Vegas Sands Corp strengths

  • Revenue growing strongly (30.5% annualized).
  • Strong free-cash-flow generation (FCF margin of 17.7%): profit turns into real cash.
  • It has turned profitable after years of losses.
  • Solid net margin (11.8%): the business is clearly profitable.

Las Vegas Sands Corp risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Las Vegas Sands Corp historical evolution

YearRevenueNet incomeFree cash flowNet debt
20202,940-1,685-2,53912,038
20214,234-961—13,070
20224,1101,832—9,749
202310,3721,2212,2108,985
202411,2981,4461,63710,039
202513,0171,6271,85511,929

Between 2020 and 2025, revenue went from $2,940M to $13,017M (+343%) and net income went from -$1,685M to $1,627M (+197%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the nine months ended September 30, 2026, versus the nine months ended September 30, 2025 (SEC filings):

  • Revenue+6.3%
  • Net income-1.2%

What changed with the September 30, 2026 results

Compared with the previous close (June 30, 2026), this is what moved in its accounts:

  • Quality score79→71
  • Net margin12.6%→11.8%
  • FCF margin19.7%→17.7%
  • Revenue growth32.4%→30.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1

per share, yearly

51.2% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Las Vegas Sands Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Las Vegas Sands Corp a good company to invest in?

In terms of business quality, Las Vegas Sands Corp scores 71 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Las Vegas Sands Corp a profitable company?

Yes. Las Vegas Sands Corp shows a net margin of 11.8%, a sign of a profitable business.

Does Las Vegas Sands Corp have a lot of debt?

Yes, its leverage is high: net debt is 3.03 times its EBITDA.

Is Las Vegas Sands Corp growing?

Its revenue has grown 30.5% annualized in recent years and its earnings per share 0.4%.

Does Las Vegas Sands Corp generate cash?

Yes. It converts about 17.7% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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