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Las Vegas Sands LVS EBITDA margin

EBITDA margin at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
11.8%-1.6pp
Wynn Resorts logo
Wynn ResortsWYNN
24.3%+0.7pp
Caesars Entertainment, Inc. logo
Caesars Entertainment, Inc.CZR
27.9%-4.8pp
BAL
Bally'sBALY
7.8%+4.1pp
FLL
Full House ResortsFLL
16.2%+1.4pp
Red Rock Resorts, Inc. logo
Red Rock Resorts, Inc.RRR
39.2%+0.3pp

Other financials

Income statement

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Revenue$3.2B-0.7%
Operating income$618.0M-21.1%
Net income$346.0M-24.9%
EPS (diluted)$0.53-19.7%

Balance sheet

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Cash & equivalents$3.5B-2.1%
Total debt$16.8B+0.5%
Total equity$581.0M-70.8%
Total assets$19.9B-8.9%

Cash flow

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Operating cash flow$682.0M+283%
CapEx$332.0M+16.1%
Free cash flow$350.0M

Valuation

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Market cap$29.7B-17.9%
Enterprise value$43.03B-12.8%
P/E17.2×-8.4×
P/S2.2×-0.9×

Profitability

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Operating margin21.5%+0.1pp
Net margin12.6%+0.4pp
FCF margin19.7%+13.4pp

Returns & leverage

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Return on equity134.3%+85.1pp
Debt / equity29×+20.6×
Current ratio-0.2×

Where this comes from

Calculated from Las Vegas Sands’s reported figures.

Based on trailing twelve months.

The source filing: Las Vegas Sands’s 10-Q, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001300514-26-000085

FAQ

What is Las Vegas Sands's EBITDA margin?
Las Vegas Sands (LVS) reported EBITDA margin of 32% in Q2 2026.
How has Las Vegas Sands's EBITDA margin changed year-over-year?
Las Vegas Sands's EBITDA margin decreased by 4.6% year-over-year, from 33.5% to 32%.
What is the long-term trend for Las Vegas Sands's EBITDA margin?
Over 5 years (2020 to 2025), Las Vegas Sands's EBITDA margin has grown at a 17.6% compound annual growth rate (CAGR), from -14.6% to 32.9%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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