Where do Las Vegas Sands's ratios come from?

Every ratio is computed from Las Vegas Sands's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Las Vegas Sands LVS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	22.7%+2.2pp	21.6%+0.4pp	22%-0.3pp	21.4%-2.3pp	20.5%-3.2pp
Net margin	13.4%+1.8pp	12.5%-0.3pp	12.7%-0.6pp	12.2%-1.9pp	11.6%-2.3pp
Returns
Return on equity	94.5%+55.3pp	72.7%+31.4pp	62.3%+24.6pp	49.2%+9.3pp	39.2%+0.1pp
Return on invested capital	16.6%+3.9pp	15.2%+1.6pp	14.6%+0.3pp	14.9%-2.2pp	12.6%-2.4pp
Efficiency
Asset turnover	0.6×+0.1×	0.6×+0.1×	0.6×+0.1×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	0.9×+0.3×	1.1×+0.4×	0.9×0.0×	1.2×-0.4×	0.6×-0.7×
Leverage
Debt-to-equity	14.6×+8.4×	10.9×+4.9×	11.3×+6.4×	8.4×+4.5×	6.2×+2.2×
Net debt / EBITDA	3.1×-0.7×	3.1×-0.5×	3.4×+0.2×	3.4×+0.9×	3.8×+1.0×
Per Share
Book value per share	$1.79-52.8%	$2.29-41.4%	$2.29-51.1%	$2.86-43.5%	$3.79-28.0%
Valuation
Market capitalization	$36.2B+30.9%	$44.01B+18.2%	$36.92B-0.9%	$30.12B-9.2%	$27.66B-28.7%
Price / earnings	19.7×-1.6×	27×+1.3×	23.7×-1.0×	21.3×+0.7×	21.2×-3.5×
Price / sales	2.6×+0.2×	3.4×+0.1×	3×-0.3×	2.6×-0.3×	2.5×-1.0×
Price / book	30.2×+20.0×	27.7×+14.8×	23.5×+12.6×	15.1×+6.3×	10.2×+0.4×
EV / EBITDA	11×-0.3×	13.4×-0.3×	12.3×-0.7×	11.1×+0.3×	11.3×-1.4×
Dividend yield	2.4%+0.1pp	1.9%+0.3pp	2.2%+0.6pp	2.4%+0.6pp	2.2%+1.1pp

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Where do Las Vegas Sands's ratios come from?: Every ratio is computed from Las Vegas Sands's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.