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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	87.7%+2.2pp	85.6%+0.4pp	85.2%-0.3pp	85.4%-2.3pp	87.7%-3.2pp
Net margin	50.7%+1.8pp	49%-0.3pp	49.3%-0.6pp	49.9%-1.9pp	51.8%-2.3pp
Returns
Return on equity	278.7%+55.3pp	223.4%+31.4pp	191.9%+24.6pp	167.4%+9.3pp	158%+0.1pp
Return on invested capital	61.2%+3.9pp	57.3%+1.6pp	55.7%+0.3pp	55.5%-2.2pp	57.6%-2.4pp
Efficiency
Asset turnover	2.4×+0.1×	2.3×+0.1×	2.2×+0.1×	2.1×0.0×	2.1×0.0×
Liquidity
Current ratio	4.2×+0.3×	3.8×+0.4×	3.4×0.0×	3.5×-0.4×	3.8×-0.7×
Leverage
Debt-to-equity	45.2×+8.4×	36.8×+4.9×	31.9×+6.4×	25.5×+4.5×	21×+2.2×
Net debt / EBITDA	13×-0.7×	13.7×-0.5×	14.2×+0.2×	14×+0.9×	13.1×+1.0×
Per Share
Book value per share	$9.23-17.8%	$11.23-12.6%	$12.85-15.7%	$15.25-12.6%	$17.45-7.8%
Valuation
Market capitalization	$147.26B+6.2%	$138.71B+5.1%	$131.94B-0.2%	$132.27B-2.3%	$135.33B-7.6%
Price / earnings	91.8×-1.6×	93.3×+1.3×	92×-1.0×	93.1×+0.7×	92.4×-3.5×
Price / sales	11.6×+0.2×	11.5×+0.1×	11.4×-0.3×	11.7×-0.3×	12×-1.0×
Price / book	96.5×+20.0×	76.6×+14.8×	61.8×+12.6×	49.2×+6.3×	42.9×+0.4×
EV / EBITDA	47.8×-0.3×	48.2×-0.3×	48.5×-0.7×	49.2×+0.3×	48.8×-1.4×
Dividend yield	8.8%+0.1pp	8.7%+0.3pp	8.4%+0.6pp	7.8%+0.6pp	7.2%+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.