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Investment Highlights Market Valuation Price Chart Return vs. Risk About LVS Interactive Breakdown Better Bets vs. LVS Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Las Vegas Sands (LVS)

Market Price (10/29/2025): $58.195 | Market Cap: $39.7 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Las Vegas Sands (LVS)

Market Price (10/29/2025): $58.195
Market Cap: $39.7 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%, Dividend Yield is 2.0%		 Trading close to highs
Dist 52W High is -2.1%		 
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%		 Weak multi-year price returns
2Y Excs Rtn is -35%, 3Y Excs Rtn is -28%		 
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, CFO LTM is 2.7 Bil		  
3 Low stock price volatility
Vol 12M is 40%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%, Dividend Yield is 2.0%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, CFO LTM is 2.7 Bil
3 Low stock price volatility
Vol 12M is 40%
4 Trading close to highs
Dist 52W High is -2.1%
5 Weak multi-year price returns
2Y Excs Rtn is -35%, 3Y Excs Rtn is -28%

Market Valuation & Key Metrics

LVSS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)12.3
Rev Chg Q24.2%6.4%
Rev Chg LTM8.4%5.3%
Rev Chg 3Y Avg51.6%5.4%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)2.8
CFO LTM ($ Bil)2.7
Net Inc LTM ($ Bil)1.6
Op Mgn LTM23.0%18.7%
CFO/Rev LTM22.3%20.5%
Net Inc Mgn12.7%12.7%
VALUATIONHIGH
P/S3.23.3
P/CFO14.516.1
P/FCF32.721.1
P/E25.524.1
STABILITYGOOD
Debt/Equity0.400.21
Cash/Assets0.160.07

LVS Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The 61.0% change in LVS stock from 4/29/2025 to 10/28/2025 was primarily driven by a 29.2% change in the company's P/E Multiple.

429202510282025Change
Stock Price ($)36.1658.2060.96%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)11201.0012264.009.49%
Net Income Margin (%)11.64%12.69%8.98%
P/E Multiple19.7425.5129.21%
Shares Outstanding (Mil)712.00682.004.21%
Cumulative Contribution60.67%

LTM = Last Twelve Months as of date shown
The 10.9% change in LVS stock from 10/28/2024 to 10/28/2025 was primarily driven by a 8.4% change in the company's Total Revenues ($ Mil).

1028202410282025Change
Stock Price ($)52.5058.2010.85%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)11317.0012264.008.37%
Net Income Margin (%)13.29%12.69%-4.53%
P/E Multiple25.4825.510.10%
Shares Outstanding (Mil)730.00682.006.58%
Cumulative Contribution10.37%

LTM = Last Twelve Months as of date shown
The 63.7% change in LVS stock from 10/29/2022 to 10/28/2025 was primarily driven by a 206.5% change in the company's Total Revenues ($ Mil).

1029202210282025Change
Stock Price ($)35.5658.2063.67%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4001.0012264.00206.52%
Net Income Margin (%)46.94%12.69%-72.97%
P/E Multiple14.4725.5176.34%
Shares Outstanding (Mil)764.00682.0010.73%
Cumulative Contribution61.79%

LTM = Last Twelve Months as of date shown

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
LVS Return-12%-37%28%3%6%15%-11%
Peers Return48%1%-37%12%8%-4%10%
S&P 500 Return16%27%-19%24%23%17%110%

Monthly Win Rates [3]
LVS Win Rate42%42%50%50%42%44% 
Peers Win Rate43%50%38%48%45%60% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
LVS Max Drawdown-44%-43%-20%-8%-22%-40% 
Peers Max Drawdown-64%-20%-52%-11%-24%-24% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WYNN, MGM, CZR, PENN, CDRO. See LVS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/28/2025 (YTD)

How Low Can It Go

Unique KeyEventLVSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-54.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven119.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-49.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven96.5%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-40.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven67.8%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-99.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven10080.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days

Compare to WYNN, MGM, CZR, PENN, CDRO


In The Past

Las Vegas Sands's stock fell -54.5% during the 2022 Inflation Shock from a high on 3/15/2021. A -54.5% loss requires a 119.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Las Vegas Sands (LVS)

Interactive Breakdown

Las Vegas Sands Interactive Breakdown Analysis

Better Bets than Las Vegas Sands (LVS)

 LVSBetter Performance than LVS
MetricValueIndustry (Casinos & Gaming)
Rev Chg LTM8.4%DKNG (25.8%), SGHC (17.4%), RSI (27.0%), GAMB (27.6%), BRAG (10.9%)
Rev Chg 3Y Avg51.6%DKNG (53.4%)
Op Mgn LTM23.0%CHDN (25.1%), BYD (23.7%), LNW (24.7%), RRR (30.5%), BRSL (25.5%)
CFO/Rev LTM22.3%CHDN (27.9%), BYD (24.3%), RRR (28.4%), BRSL (44.9%), MCRI (27.8%)
FCF/Rev LTM9.9%WYNN (10.7%), BYD (12.2%), LNW (10.4%), RRR (14.9%), BRSL (34.8%)
Total Yield6.0%MGM (6.2%), BYD (8.7%), RRR (8.5%), BRSL (10.3%), GDEN (7.2%)
 LVSBetter Performance than LVS
MetricValueAll Other Sectors
Rev Chg LTM8.4%NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), META (19.4%), AVGO (28.0%)
Rev Chg 3Y Avg51.6%NVDA (92.0%), NU (70.1%), APO (129.8%), SLF (53.4%), RKLB (58.4%)
Op Mgn LTM23.0%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM22.3%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM9.9%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield6.0%JPM (6.6%), XOM (9.7%), JNJ (8.3%), BAC (6.9%), UNH (7.6%)
 Best Bets In Consumer Discretionary Sector
 LVSABNB BKNG MCD LOPE PRDO ALSN CROX GRMN WH YUM
What You Pay           
P/E25.530.032.926.125.415.99.120.530.516.427.5
P/EBIT13.930.219.718.119.811.66.817.827.29.616.1
What You Get           
Rev Chg Q24.2%12.7%12.7%5.4%8.8%26.6%-0.2%3.4%20.4%-3.5%9.6%
Rev Chg LTM8.4%10.2%13.0%1.2%6.5%6.3%2.7%2.0%19.6%3.4%11.3%
Rev Chg 3Y Avg51.6%16.3%17.8%3.4%5.8%1.7%8.0%14.5%11.0%-2.5%5.9%
FCF/Rev 3Y Avg13.0%40.5%35.6%27.2%22.6%21.0%20.9%19.8%19.4%19.0%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Las Vegas Sands Earnings Notes  
2Las Vegas Sands Stock Up 20%, Buy Or Wait?Return 
3LVS at Support Zone - Bargain or Trap?Actionable 
4Day 5 of Loss Streak for Las Vegas Sands Stock with -6.8% Return (vs. 6.4% YTD) [9/6/2025]Notification 
5Day 5 of Loss Streak for Las Vegas Sands Stock with -6.8% Return (vs. 6.4% YTD) [9/5/2025]Notification 
6Day 5 of Loss Streak for Las Vegas Sands Stock with -6.9% Return (vs. 6.4% YTD) [9/5/2025]Notification 
7Las Vegas Sands vs Service International: Which Is A Better Investment?Counter-Intuitive Comparisons 
8Las Vegas Sands vs Churchill Downs: Which Is A Better Investment?Counter-Intuitive Comparisons 
9After LVS's 17% Climb in a Month, LNW Looks Like the Stronger Long-Term PlayCounter-Intuitive Comparisons 
10Day 6 of Gains Streak for Las Vegas Sands Stock with 16% Return (vs. -0.4% YTD) [7/10/2025]  
11ARTICLES  
12S&P 500 Movers | Winners: DOW, LVS, WST | Losers: MOH, SMCI, URI October 23rd, 2025
13How Will LVS Stock React To Its Upcoming Earnings? October 20th, 2025
14Las Vegas Sands Stock Near Crucial Support – Buy Signal? October 14th, 2025
15Las Vegas Sands Is Booming Again, But Watch The Price Tag October 9th, 2025
16LVS Testing Price Floor: Time to Load Up? October 4th, 2025
Title
0DASHBOARDS
1S&P 500 Movers | Winners: DOW, LVS, WST | Losers: MOH, SMCI, URI
2How Will LVS Stock React To Its Upcoming Earnings?
3Las Vegas Sands Stock Near Crucial Support – Buy Signal?
4Las Vegas Sands Is Booming Again, But Watch The Price Tag
5LVS Testing Price Floor: Time to Load Up?
6ARTICLES
7Las Vegas Sands Earnings Notes
8Las Vegas Sands Stock Up 20%, Buy Or Wait?
9LVS at Support Zone - Bargain or Trap?
10Day 5 of Loss Streak for Las Vegas Sands Stock with -6.8% Return (vs. 6.4% YTD) [9/6/2025]
11Day 5 of Loss Streak for Las Vegas Sands Stock with -6.8% Return (vs. 6.4% YTD) [9/5/2025]
12Day 5 of Loss Streak for Las Vegas Sands Stock with -6.9% Return (vs. 6.4% YTD) [9/5/2025]
13Las Vegas Sands vs Service International: Which Is A Better Investment?
14Las Vegas Sands vs Churchill Downs: Which Is A Better Investment?
15After LVS's 17% Climb in a Month, LNW Looks Like the Stronger Long-Term Play
16Day 6 of Gains Streak for Las Vegas Sands Stock with 16% Return (vs. -0.4% YTD) [7/10/2025]

Trade Ideas

Select past ideas related to LVS. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-12.8%-12.8%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-13.6%-13.6%-14.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-11.0%-11.0%-11.0%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		2.8%2.8%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		14.3%14.3%-11.7%
LVS_4302025_Dip_Buyer_ValueBuy04302025LVSLas Vegas SandsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		 60.5%0.0%
LVS_3312020_Dip_Buyer_ValueBuy03312020LVSLas Vegas SandsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		10.0%43.1%-10.7%
LVS_10312018_Dip_Buyer_FCFYield10312018LVSLas Vegas SandsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		36.6%27.8%-3.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-12.8%-12.8%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-13.6%-13.6%-14.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-11.0%-11.0%-11.0%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		2.8%2.8%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		14.3%14.3%-11.7%
LVS_4302025_Dip_Buyer_ValueBuy04302025LVSLas Vegas SandsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		 60.5%0.0%
LVS_3312020_Dip_Buyer_ValueBuy03312020LVSLas Vegas SandsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		10.0%43.1%-10.7%
LVS_10312018_Dip_Buyer_FCFYield10312018LVSLas Vegas SandsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		36.6%27.8%-3.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences82.5%344.7%
2DYNDyne Therapeutics45.0%3.1%
3RNAAvidity Biosciences42.6%140.5%
4LUMNLumen Technologies40.2%89.3%
5GTXGarrett Motion39.2%96.3%
6CLBCore Laboratories36.8%-4.6%
7VICRVicor36.2%85.5%
8MOFGMidWestOne Financial32.7%32.9%
9WWayfair31.7%140.3%
10GLUEMonte Rosa Therapeutics29.6%79.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-67.9%6328.6%
2NTLAIntellia Therapeutics-48.2%19.7%
3ITGRInteger-37.0%-48.7%
4METCRamaco Resources-32.4%179.1%
5UAMYUnited States Antimony-26.2%416.4%
6OGNOrganon-26.2%-54.3%
7USARUSA Rare Earth-24.7%67450.3%
8WRLDWorld Acceptance-23.9%21.5%
9SMPLSimply Good Foods-22.2%-49.3%
10METCBRamaco Resources-20.1%65.2%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PRAXPraxis Precision Medicines280.5%159.0%
2INBXInhibrx Biosciences112.0%344.7%
3DYNDyne Therapeutics96.4%3.1%
4VICRVicor85.0%85.5%
5NVTSNavitas Semiconductor78.4%259.4%
6LUMNLumen Technologies70.6%89.3%
7BALYBallys70.4%8.8%
8GLUEMonte Rosa Therapeutics70.0%79.1%
9NUVBNuvation Bio66.8%101.9%
10RNAAvidity Biosciences64.0%140.5%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical-53.4%6328.6%
2OGNOrganon-35.7%-54.3%
3VGVenture Global-34.0% 
4ITGRInteger-32.8%-48.7%
5LENZLENZ Therapeutics-31.4%6.7%
6FLYFirefly Aerospace-30.3% 
7SOCSable Offshore-29.7%-43.1%
8BULLWebull-27.4% 
9NAGENiagen Bioscience-26.6% 
10USNAUsana Health Sciences-26.5%-43.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1INBXInhibrx Biosciences82.5%344.7%
2DYNDyne Therapeutics45.0%3.1%
3RNAAvidity Biosciences42.6%140.5%
4LUMNLumen Technologies40.2%89.3%
5GTXGarrett Motion39.2%96.3%
6CLBCore Laboratories36.8%-4.6%
7VICRVicor36.2%85.5%
8MOFGMidWestOne Financial32.7%32.9%
9WWayfair31.7%140.3%
10GLUEMonte Rosa Therapeutics29.6%79.1%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-67.9%6328.6%
2NTLAIntellia Therapeutics-48.2%19.7%
3ITGRInteger-37.0%-48.7%
4METCRamaco Resources-32.4%179.1%
5UAMYUnited States Antimony-26.2%416.4%
6OGNOrganon-26.2%-54.3%
7USARUSA Rare Earth-24.7%67450.3%
8WRLDWorld Acceptance-23.9%21.5%
9SMPLSimply Good Foods-22.2%-49.3%
10METCBRamaco Resources-20.1%65.2%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Las Vegas Sands

Financials

LVSWYNNMGMCZRPENNCDROMedian
NameLas Vega.Wynn Res.MGM Reso.Caesars .PENN Ent.Codere O. 
Mkt Price58.20120.8531.9522.0917.356.0927.02
Mkt Cap39.712.58.74.62.6-8.7
Rev LTM12,2646,97017,21211,3746,746-11,374
Op Inc LTM2,8171,2711,4852,197244-1,485
FCF LTM1,2157431,29550-201-743
FCF 3Y Avg1,3896601,32129735-660
CFO LTM2,7341,2972,5321,221498-1,297
CFO 3Y Avg2,7151,1002,3571,480492-1,480

Growth & Margins

LVSWYNNMGMCZRPENNCDROMedian
NameLas Vega.Wynn Res.MGM Reso.Caesars .PENN Ent.Codere O. 
Rev Chg LTM8.4%-1.9%0.9%-0.1%7.3%-0.9%
Rev Chg 3Y Avg51.6%22.9%13.6%3.2%2.6%-13.6%
Rev Chg Q24.2%0.3%1.8%2.7%6.1%-2.7%
QoQ Delta Rev Chg LTM5.6%0.1%0.5%0.7%1.5%-0.7%
Op Mgn LTM23.0%18.2%8.6%19.3%3.6%-18.2%
Op Mgn 3Y Avg21.0%14.6%3.5%21.0%5.9%-14.6%
QoQ Delta Op Mgn LTM1.1%0.1%-0.6%-0.8%0.2%-0.1%
CFO/Rev LTM22.3%18.6%14.7%10.7%7.4%-14.7%
CFO/Rev 3Y Avg25.4%16.9%14.4%13.0%7.5%-14.4%
FCF/Rev LTM9.9%10.7%7.5%0.4%-3.0%-7.5%
FCF/Rev 3Y Avg13.0%9.9%8.1%2.6%0.5%-8.1%

Valuation

LVSWYNNMGMCZRPENNCDROMedian
NameLas Vega.Wynn Res.MGM Reso.Caesars .PENN Ent.Codere O. 
Mkt Cap39.712.58.74.62.6-8.7
P/S3.21.80.50.40.4-0.5
P/EBIT13.911.26.52.06.4-6.5
P/E25.532.616.2-23.7-34.2-16.2
P/CFO14.59.63.43.85.2-5.2
Total Yield6.0%4.3%6.2%-4.2%-2.9%-4.3%
Dividend Yield2.0%1.3%0.0%0.0%0.0%-0.0%
FCF Yield 3Y Avg3.8%6.6%10.7%2.9%-0.1%-3.8%
D/E0.41.03.65.44.3-3.6
Net D/E0.30.83.45.24.0-3.4

Returns

LVSWYNNMGMCZRPENNCDROMedian
NameLas Vega.Wynn Res.MGM Reso.Caesars .PENN Ent.Codere O. 
1M Rtn7.8%-6.3%-10.3%-18.3%-12.4%-12.8%-11.3%
3M Rtn11.2%10.7%-14.6%-22.4%-5.4%-27.5%-10.0%
6M Rtn61.0%48.9%0.5%-21.1%10.4%-15.2%5.5%
12M Rtn10.9%23.8%-23.4%-51.5%-12.8%-23.3%-18.0%
3Y Rtn63.7%112.8%-11.1%-49.9%-47.0%109.2%26.3%
1M Excs Rtn1.9%-12.2%-16.0%-24.2%-15.4%-17.4%-15.7%
3M Excs Rtn1.6%2.3%-24.0%-29.1%-14.6%-36.1%-19.3%
6M Excs Rtn37.0%25.0%-23.4%-45.0%-13.5%-39.1%-18.5%
12M Excs Rtn-5.3%6.1%-38.9%-68.0%-28.2%-42.7%-33.6%
3Y Excs Rtn-28.2%27.4%-89.4%-127.9%-126.6%72.3%-58.8%

Financials

$ Mil | FY: 12/312025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
Period End9/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/2022
Filing Date10/24/20257/25/20254/25/20252/7/202510/25/20247/26/20244/19/20242/7/202410/20/20237/21/20234/21/20232/3/2023
Key Financials Quarterly            
Total Revenue3,3313,1752,8622,8962,6822,7612,9592,9152,7952,5422,1201,117
Ebitda1,1581,1941,0221,0049211,0121,1181,1301,099929701183
Operating Income794800620603519610734717695549394-163
Net Income419461352324275353494382380312147-169
EPS0.610.660.490.450.380.480.660.500.500.410.19-0.22
Key Financials TTM            
Total Revenue TTM12,26411,61511,20111,29811,31711,43011,21110,3728,5746,7845,2874,110
Ebitda TTM4,3784,1413,9594,0554,1814,3594,2763,8592,9121,9501,149406
Operating Income TTM2,8172,5422,3522,4662,5802,7562,6952,3551,475609-84-770
Net Income TTM1,5561,4121,3041,4461,5041,6091,5681,22167051-5511,832
Growth Rates Quarterly            
Total Revenue Growth24.2%15.0%-3.3%-0.7%-4.0%8.6%39.6%161.0%178.1%143.3%124.8%10.8%
EBITDA Growth25.7%18.0%-8.6%-11.2%-16.2%8.9%59.5%517.5%702.2%625.8%1769.0%39.7%
Operating Income Growth53.0%31.1%-15.5%-15.9%-25.3%11.1%86.3%539.9%506.4%481.2%234.9%-30.4%
Net Income Growth52.4%30.6%-28.7%-15.2%-27.6%13.1%236.1%326.0%259.0%207.6%-94.2%-37.4%
Margins Quarterly            
EBITDA Margin34.8%37.6%35.7%34.7%34.3%36.7%37.8%38.8%39.3%36.5%33.1%16.4%
Operating Income Margin23.8%25.2%21.7%20.8%19.4%22.1%24.8%24.6%24.9%21.6%18.6%-14.6%
Net Income Margin12.6%14.5%12.3%11.2%10.3%12.8%16.7%13.1%13.6%12.3%6.9%-15.1%
Cash & Debt            
Total Cash3,3533,4503,0363,6504,2084,7114,9565,1055,5745,7686,5326,311
Total Debt15,77215,82013,85113,75214,01213,73813,95714,02914,39414,92015,98915,978
Net Debt / (Cash)12,41912,37010,81510,1029,8049,0279,0018,9248,8209,1529,4579,667
Cash Flows Quarterly            
FCF from Operations1,1151785269157618147141,006839941441-104
Cash Flows TTM            
FCF from Operations TTM2,7342,3803,0163,2043,2953,3733,5003,2272,1171,1286-795
Returns to Shareholders Quarterly            
Dividends239246179145146148151152153000
Share Repurchases500800416450450400450505-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC21.6%22.0%19.9%20.3%18.5%23.1%31.7%25.5%24.8%21.2%12.4%-6.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM19.3%17.7%18.7%21.8%23.0%26.0%25.7%21.3%12.9%6.7%-0.9%-8.0%

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Marina Bay Sands6,3876,0675,3265,5925,880
Corporate and Other5,1675,4221,3571,4651,390
The Londoner Macao4,1934,4894,4944,2994,504
The Venetian Macao2,5482,1352,0872,4463,243
The Parisian Macao1,8021,8281,9622,1192,351
The Plaza Macao and Four Seasons Macao1,0591,0201,1451,2031,239
Ferry Operations and Other335870132141156
Sands Macao287208253320324
Las Vegas Operating Properties    4,112
Total21,77822,03916,75617,58523,199


Price Behavior

LVS Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.350.450.441.191.040.95
Up Beta-1.740.710.111.041.010.98
Down Beta-1.34-0.540.801.361.271.07
Up Capture-11%56%105%158%78%62%
Bmk +ve Days13233574144420
Stock +ve Days11233873135390
Down Capture231%64%-35%112%95%98%
Bmk -ve Days8192952107330
Stock -ve Days10192653116359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity8,660,702
Short Interest: % Change Since 9302025-14.4%
Average Daily Volume5,903,845
Days-to-Cover Short Interest1.47
Basic Shares Quantity682,000,000
Short % of Basic Shares1.3%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/22/202512.4%  
7/23/20254.3%9.3%10.4%
4/23/20256.5%6.7%17.4%
1/29/202511.1%0.2%3.5%
10/23/20242.8%3.7%-1.5%
7/24/2024-2.4%-1.6%2.4%
4/17/2024-8.7%-8.7%-6.8%
1/24/20241.0%-1.5%10.7%
...
SUMMARY STATS   
# Positive161615
# Negative889
Median Positive5.0%5.0%10.4%
Median Negative-4.3%-1.8%-5.9%
Max Positive12.4%19.2%27.7%
Max Negative-8.7%-9.9%-25.6%

SEC Filings

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Report DateFiling DateFiling
93020251024202510-Q 9/30/2025
6302025725202510-Q 6/30/2025
3312025425202510-Q 3/31/2025
12312024207202510-K 12/31/2024
93020241025202410-Q 9/30/2024
6302024726202410-Q 6/30/2024
3312024419202410-Q 3/31/2024
12312023207202410-K 12/31/2023
93020231020202310-Q 9/30/2023
6302023721202310-Q 6/30/2023
3312023421202310-Q 3/31/2023
12312022203202310-K 12/31/2022
93020221021202210-Q 9/30/2022
6302022722202210-Q 6/30/2022
3312022429202210-Q 3/31/2022
12312021204202210-K 12/31/2021

Insider Activity

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External Quote Links


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