Las Vegas Sands LVS
- 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 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $3.3B | $3.2B to $3.4B | $0.68 | $0.58 to $0.81 | 11 |
| Q4 FY26 | $3.5B | $3.4B to $3.7B | $0.74 | $0.64 to $0.86 | 10 |
| Q1 FY27 | $3.6B | $3.5B to $3.6B | $0.80 | $0.74 to $0.85 | 5 |
| Q2 FY27 | $3.4B | $3.2B to $3.5B | $0.70 | $0.66 to $0.73 | 3 |
| Q3 FY27 | $3.4B | $3.3B to $3.5B | $0.72 | $0.68 to $0.75 | 3 |
| Q4 FY27 | $3.7B | $3.5B to $3.8B | $0.81 | $0.77 to $0.84 | 3 |
| Q1 FY28 | $3.8B | $3.6B to $3.9B | $0.90 | $0.86 to $0.94 | 4 |
| Q2 FY28 | $3.5B | $3.4B to $3.6B | $0.81 | $0.77 to $0.85 | 4 |
Peers
Companies in Consumer Cyclical nearest Las Vegas Sands' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| LVSLas Vegas Sands | $23.1B | 13.9× | 23.0× | 10.8× | 1.7× | +18% | 12.6% |
| PHMPulteGroup | $22.7B | 12.4× | 9.3× | 11.6× | 1.4× | −7% | 11.6% |
| RLRalph Lauren | $22.5B | 23.8× | 21.4× | 19.2× | 2.7× | +15% | 11.8% |
| DRIDarden Restaurants | $24B | 20.8× | 20.8× | 18.5× | 1.8× | +8% | 8.8% |
| PKGPackaging Corporation of America | $22B | 32.1× | 19.1× | 20.6× | 2.3× | +10% | 7.3% |
| TPRTapestry | $22B | 15.1× | 15.7× | 13.8× | 2.7× | +14% | 19.1% |
| SWSmurfit Westrock | $22B | 44.5× | 48.8× | 13.9× | 0.7× | +2% | 1.6% |
| CPNGCoupang | $25B | n/m | 77.1× | 139× | 0.7× | +10% | −2.2% |
| AMCRAmcor | $21.3B | 19.3× | 20.9× | n/m | 0.9× | +57% | 4.7% |
| BBYBest Buy | $20.9B | 16.6× | 14.5× | n/m | 0.5× | +1% | 3.0% |
| CASYCasey's General Stores | $25.8B | 33.7× | 23.9× | 32.9× | 1.4× | +14% | 4.1% |
| Peer median | $22.3B | 20.8× | 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.
- Ron BaronBaron Capital0.3% of portfolioadded
More on Las Vegas Sands
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 40Consumer cyclical stocks with the lowest forward PE
- #5of 28Consumer cyclical stocks with the highest dividend yields
Its groups
About
- Industry
- Gambling, Resorts & Casinos
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .