Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Las Vegas Sands Corp

LVS · NYSE · Consumer

Fundamental quality

ATTRACTIVE

79

out of 100

Las Vegas Sands Corp grows profitably: it increases revenue at double digits (32.4% a year) without giving up profitability (net margin 12.6%). On fundamental quality it scores 79 out of 100, profiling it as a company with solid fundamentals. 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
78

EPS growth: 2.1% · Revenue growth: 32.4%

II.Profitability
83

Net margin: 12.6% · ROE: 297.2% · ROIC: 18.9%

III.Financial health
75

Net debt/EBITDA: 2.83x · FCF: 19.7%

Source: SEC EDGAR · TTM through 30/06/2026

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 84%
ROEbeats 100%
Growthbeats 90%
Cash generationbeats 91%
Less debtbeats 25%

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 (32.4% annualized).
  • Strong free-cash-flow generation (FCF margin of 19.7%): profit turns into real cash.
  • Reasonable return on capital: its ROE (297.2%) is inflated by buybacks, but ROIC —which strips that out— is 18.9%.
  • It has turned profitable after years of losses.

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
20214,234-96113,070
20224,1101,8329,749
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 half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+11.6%
  • Net income+12.3%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Net margin13.4%12.6%
  • ROE153.8%297.2%
  • FCF margin16.3%19.7%
  • Revenue growth34.2%32.4%

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 79 out of 100 in our analysis, placing it as a company of high fundamental 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 12.6% and an ROE of 297.2%, a sign of a profitable business.

Does Las Vegas Sands Corp have a lot of debt?

A moderate level: its net debt is 2.83 times its EBITDA.

Is Las Vegas Sands Corp growing?

Its revenue has grown 32.4% annualized in recent years and its earnings per share 2.1%.

Does Las Vegas Sands Corp generate cash?

Yes. It converts about 19.7% 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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