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Las Vegas Sands LVS Net debt / EBITDA

Net debt / EBITDA at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
13.1×+0.3×
Wynn Resorts logo
Wynn ResortsWYNN
6.3×-0.2×
Caesars Entertainment, Inc. logo
Caesars Entertainment, Inc.CZR
7.3×+0.8×
BAL
Bally'sBALY
17.5×-48.1×
FLL
Full House ResortsFLL
10.6×-0.2×
Red Rock Resorts, Inc. logo
Red Rock Resorts, Inc.RRR
4.4×+0.1×

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$31.67B-12.0%
Enterprise value$45B-8.4%
P/E18.3×-7.1×
P/S2.3×-0.8×

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 the most recent quarter.

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 net debt / EBITDA?
Las Vegas Sands (LVS) reported net debt / EBITDA of 3× in Q2 2026.
How has Las Vegas Sands's net debt / EBITDA changed year-over-year?
Las Vegas Sands's net debt / EBITDA decreased by 10.2% year-over-year, from 3.4× to 3×.
What is the long-term trend for Las Vegas Sands's net debt / EBITDA?
Over 4 years (2021 to 2025), Las Vegas Sands's net debt / EBITDA has grown at a -46.4% compound annual growth rate (CAGR), from 37.5× to 3.1×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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