SuperworthLas Vegas Sands profit margin LVS
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 12.6%
- Operating margin, 12 months
- 21.5%
- Net margin on a year earlier
- +0.4 pts
- Peer median
- 6.0%
Over the twelve months to Jun 30, 2026, Las Vegas Sands kept 12.6% of its revenue as net profit, with an operating margin of 21.5% and a gross margin of 48.5%.
Five years earlier its net margin was −34.8%.
The median for 10 consumer cyclical stocks of a similar size is 6.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.5% | 21.6% | 49.8% |
| FY2024 | 12.8% | 21.3% | 48.9% |
| FY2023 | 11.8% | 22.3% | 49.8% |
| FY2022 | 44.6% | −19.3% | 40.1% |
| FY2021 | −22.7% | −16.3% | 38.0% |
| FY2020 | −57.3% | −47.4% | 27.9% |
| FY2019 | 19.6% | 26.9% | 50.3% |
| FY2018 | 17.6% | 27.3% | 49.2% |
| FY2017 | 22.1% | 27.2% | 50.3% |
| FY2016 | 14.6% | 21.8% | n/a |
| FY2015 | 16.8% | 24.3% | n/a |
| FY2014 | 19.5% | 28.1% | n/a |
| FY2013 | 16.7% | 24.8% | n/a |
| FY2012 | 13.7% | 20.8% | n/a |
| FY2011 | 16.6% | 25.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 12.6% | +0.4 pts | 21.5% | |
| Q1 FY26 | 13.4% | +1.8 pts | 22.7% | |
| Q4 FY25 | 12.5% | −0.3 pts | 21.6% | |
| Q3 FY25 | 12.7% | −0.6 pts | 22.0% | |
| Q2 FY25 | 12.2% | −1.9 pts | 21.4% | |
| Q1 FY25 | 11.6% | −2.3 pts | 20.5% | |
| Q4 FY24 | 12.8% | +1.0 pts | 21.3% | |
| Q3 FY24 | 13.3% | +5.5 pts | 22.3% | |
| Q2 FY24 | 14.1% | +13.3 pts | 23.7% | |
| Q1 FY24 | 14.0% | +24.4 pts | 23.7% | |
| Q4 FY23 | 11.8% | −32.8 pts | 22.3% | |
| Q3 FY23 | 7.8% | −39.1 pts | 16.8% |
Against its peers
Companies in Consumer Cyclical nearest Las Vegas Sands' size, closest first, today.
| Company | Profit margin |
|---|---|
| LVSLas Vegas Sands | 12.6% |
| PHMPulteGroup | 11.6% |
| RLRalph Lauren | 11.8% |
| DRIDarden Restaurants | 8.8% |
| PKGPackaging Corporation of America | 7.3% |
| TPRTapestry | 19.1% |
| SWSmurfit Westrock | 1.6% |
| CPNGCoupang | −2.2% |
| AMCRAmcor | 4.7% |
| BBYBest Buy | 3.0% |
| CASYCasey's General Stores | 4.1% |
| Peer median | 6.0% |
Where Las Vegas Sands ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Las Vegas Sands
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.