Superworth

Las Vegas Sands LVS

Gambling, Resorts & Casinos, Consumer Cyclical
$35.68
−2.33%
Market cap
$23.1B
PE
13.9×
10y median 23.0×
Forward PE
10.8×
10y median 21.3×
Price to sales
1.7×
EV/EBIT
12.0×
Revenue, 12 months
$13.7B
+18% on a year ago
Net margin
12.6%
Free cash flow yield
11.7%

Las Vegas Sands trades at 13.9× trailing earnings, cheaper than 91% of the last ten years. Revenue was $13.7B over the last twelve months, up 18% on a year earlier with a 13% net margin.

Charts

Financials

Income statement for LVS, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$2.8B+178%$2.9B+161%$3B+40%$2.8B+9%$2.7B−4%$2.9B−1%$2.9B−3%$3.2B+15%$3.3B+24%$3.6B+26%$3.6B+25%$3.2B−1%
Cost of revenue$1.4B+140%$1.4B+115%$1.5B+34%$1.4B+10%$1.4B+2%$1.5B+4%$1.4B−1%$1.5B+8%$1.7B+18%$1.9B+27%$1.8B+27%$1.7B+9%
Gross profit$1.4B+229%$1.5B+228%$1.5B+46%$1.3B+7%$1.3B−10%$1.4B−5%$1.4B−5%$1.6B+22%$1.7B+31%$1.8B+25%$1.7B+23%$1.5B−10%
R&D$44M+69%$65M+86%$53M+26%$61M+13%$55M+25%$59M−9%$69M+30%$69M+13%$72M+31%$59M+0%$41M−41%$43M−38%
SG&A$290M+22%$287M+19%$286M+14%$268M−4%$293M+1%$303M+6%$273M−5%$292M+9%$308M+5%$315M+4%$302M+11%$331M+13%
$688M$710M$717M+90%$591M+10%$504M−27%$590M−17%$609M−15%$783M+33%$719M+43%$707M+20%$904M+48%$618M−21%
Interest expense$200M+9%$190M−6%$182M−17%$186M−11%$179M−11%$180M−5%$174M−4%$194M+4%$187M+5%$191M+6%$188M+8%$189M−3%
Pre-tax income$571M$592M$600M+208%$496M+19%$403M−29%$461M−22%$471M−22%$609M+23%$582M+44%$551M+20%$748M+59%$461M−24%
$122M+103%$123M$17M−66%$72M+47%$50M−59%$69M−44%$63M+271%$90M+25%$91M+82%$103M+49%$107M+70%$88M−2%
Net income$380M$382M$494M+236%$353M+13%$275M−28%$324M−15%$352M−29%$461M+31%$419M+52%$395M+22%$567M+61%$346M−25%
$0.50$0.50$0.66+247%$0.48+17%$0.38−24%$0.45−10%$0.49−26%$0.66+38%$0.61+61%$0.58+29%$0.85+74%$0.53−20%
766M+0%759M−1%752M−2%741M−3%731M−5%722M−5%713M−5%696M−6%685M−6%678M−6%671M−6%656M−6%

Gross profit: 38 periods, Q1 FY17 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: 3 periods, Q4 FY09 to Q4 FY23: quarter's net income to common over its shares, to the cent.

Diluted shares: 5 periods, Q4 FY09 to Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 12 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$3.3B$3.2B to $3.4B$0.68$0.58 to $0.8111
Q4 FY26$3.5B$3.4B to $3.7B$0.74$0.64 to $0.8610
Q1 FY27$3.6B$3.5B to $3.6B$0.80$0.74 to $0.855
Q2 FY27$3.4B$3.2B to $3.5B$0.70$0.66 to $0.733
Q3 FY27$3.4B$3.3B to $3.5B$0.72$0.68 to $0.753
Q4 FY27$3.7B$3.5B to $3.8B$0.81$0.77 to $0.843
Q1 FY28$3.8B$3.6B to $3.9B$0.90$0.86 to $0.944
Q2 FY28$3.5B$3.4B to $3.6B$0.81$0.77 to $0.854

Peers

Companies in Consumer Cyclical nearest Las Vegas Sands' size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
LVSLas Vegas Sands$23.1B13.9×23.0×10.8×1.7×+18%12.6%
PHMPulteGroup$22.7B12.4×9.3×11.6×1.4×−7%11.6%
RLRalph Lauren$22.5B23.8×21.4×19.2×2.7×+15%11.8%
DRIDarden Restaurants$24B20.8×20.8×18.5×1.8×+8%8.8%
PKGPackaging Corporation of America$22B32.1×19.1×20.6×2.3×+10%7.3%
TPRTapestry$22B15.1×15.7×13.8×2.7×+14%19.1%
SWSmurfit Westrock$22B44.5×48.8×13.9×0.7×+2%1.6%
CPNGCoupang$25Bn/m77.1×139×0.7×+10%−2.2%
AMCRAmcor$21.3B19.3×20.9×n/m0.9×+57%4.7%
BBYBest Buy$20.9B16.6×14.5×n/m0.5×+1%3.0%
CASYCasey's General Stores$25.8B33.7×23.9×32.9×1.4×+14%4.1%
Peer median$22.3B20.8×20.9×18.9×1.4×+10%6.0%

Investors who own it

Investors we follow who held Las Vegas Sands at the end of Jun 30, 2026, from their 13F filings.

More on Las Vegas Sands

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Where it ranks

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About

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical

Valuation data, not investment advice. Prices as of .