What does united states — adjusted property ebitda mean?

A non-GAAP measure of operating performance for the U.S. segment, calculated by excluding non-cash items like depreciation, amortization, and stock-based compensation from operating income. It also strips out corporate-level expenses and one-time items to reflect the core cash-generating capability of the U.S. properties. This is the primary metric used to evaluate the profitability of the U.S. asset portfolio.

Las Vegas Sands LVS United States — Adjusted property ebitda

Similar metrics at other companies

WU.S. — Adjusted EBITDA

$161M+69.5%

RLGTUnited States And Other Countries — Segment Adjusted Ebitda

$8.66M-8.4%

BVSU.S. Segment — Adjusted Earnings Before Interest, Taxes, Depreciation, Amortization And Other Non-Operating Items

$21.14M+24.0%

XMTRUS — Adjusted Earnings Before Interest Taxes Depreciation And Amortization

$13.29M+341%

FLUTU.S. — Reportable segment Adjusted EBITDA

$119M-26.1%

TDA

TDAYUSA TODAY Media — Segment Adjusted EBITDA

$59.46M+89.9%

Other financials

Income statement

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Revenue$3.6B+25.3%

Operating income$904.0M+48.4%

Net income$567.0M+61.1%

EPS (diluted)$0.85+73.5%

Balance sheet

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Cash & equivalents$3.5B+9.3%

Total debt$17.5B+4.2%

Total equity$1.2B-55.6%

Total assets$21.2B-0.3%

Cash flow

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Operating cash flow$731.0M+39.0%

CapEx$194.0M-48.8%

Free cash flow$537.0M+265%

Valuation

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Market cap$31.22B+3.7%

Enterprise value$45.32B+4.7%

P/E17×-4.4×

P/S2.3×-0.3×

Profitability

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Operating margin22.7%+2.2pp

Net margin13.4%+1.8pp

FCF margin17.1%+5.8pp

Returns & leverage

See full

Return on equity94.5%+55.3pp

Debt / equity14.6×+8.4×

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Las Vegas Sands in its filing.

Tagged under the XBRL concept lvs:AdjustedPropertyEbitda.

The official record: Las Vegas Sands’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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What is Las Vegas Sands's united states — adjusted property ebitda?: Las Vegas Sands (LVS) reported united states — adjusted property ebitda of $0 in Q1 2026.
What does united states — adjusted property ebitda mean?: A non-GAAP measure of operating performance for the U.S. segment, calculated by excluding non-cash items like depreciation, amortization, and stock-based compensation from operating income. It also strips out corporate-level expenses and one-time items to reflect the core cash-generating capability of the U.S. properties. This is the primary metric used to evaluate the profitability of the U.S. asset portfolio.