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%+1.0pp	21.6%-0.4pp	22%+0.6pp	21.4%+0.9pp	20.5%-0.8pp
Net margin	13.4%+0.9pp	12.5%-0.2pp	12.7%+0.5pp	12.2%+0.5pp	11.6%-1.2pp
Returns
Return on equity	94.5%+21.8pp	72.7%+10.5pp	62.3%+13.1pp	49.2%+9.9pp	39.2%-2.1pp
Return on invested capital	16.6%+1.3pp	15.2%+0.7pp	14.6%-0.3pp	14.9%+2.2pp	12.6%-1.0pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.5×0.0×	0.5×0.0×
Liquidity
Current ratio	0.9×-0.2×	1.1×+0.3×	0.9×-0.3×	1.2×+0.6×	0.6×-0.1×
Leverage
Debt-to-equity	14.6×+3.8×	10.9×-0.4×	11.3×+2.9×	8.4×+2.2×	6.2×+0.3×
Net debt / EBITDA	3.1×0.0×	3.1×-0.3×	3.4×0.0×	3.4×-0.4×	3.8×+0.1×
Per Share
Book value per share	$1.79-22.2%	$2.290.0%	$2.29-19.8%	$2.86-24.4%	$3.79-3.3%
Valuation
Market capitalization	$36.2B-17.7%	$44.01B+19.2%	$36.92B+22.6%	$30.12B+8.9%	$27.66B-25.7%
Price / earnings	19.7×-7.4×	27×+3.3×	23.7×+2.4×	21.3×+0.1×	21.2×-4.5×
Price / sales	2.6×-0.7×	3.4×+0.4×	3×+0.4×	2.6×+0.1×	2.5×-0.8×
Price / book	30.2×+2.5×	27.7×+4.2×	23.5×+8.4×	15.1×+4.9×	10.2×-2.7×
EV / EBITDA	11×-2.4×	13.4×+1.1×	12.3×+1.2×	11.1×-0.2×	11.3×-2.3×
Dividend yield	2.4%+0.5pp	1.9%-0.3pp	2.2%-0.2pp	2.4%+0.1pp	2.2%+0.7pp

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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.