Las Vegas Sands LVS Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 21.6%+0.4pp | 21.3%-1.0pp | 22.3%+41.6pp | -19.3%-3.0pp | |
| Net margin | 12.5%-0.3pp | 12.8%+1.0pp | 11.8%-32.8pp | 44.6%+67.3pp | |
| EBITDA margin | 32.9%+0.1pp | 32.8%-1.1pp | 33.9%+28.0pp | 5.9%-2.4pp | |
| Free cash flow margin | 15.1%+0.6pp | 14.5%-6.8pp | 21.3%+60.1pp | -38.8%-13.5pp | |
| Returns | |||||
| Return on equity | 72.7%+31.4pp | 41.3%+10.8pp | 30.5%-31.8pp | 62.3%+101pp | |
| Return on assets | 7.6%+0.8pp | 6.8%+1.2pp | 5.6%-3.1pp | 8.7%+13.4pp | |
| Return on invested capital | 15.2%+1.6pp | 13.7%+1.5pp | 12.1%+17.3pp | -5.1%-0.6pp | |
| Efficiency | |||||
| Asset turnover | 0.6×+0.1× | 0.5×+0.1× | 0.5×+0.3× | 0.2×0.0× | |
| Liquidity | |||||
| Current ratio | 1.1×+0.4× | 0.7×-0.6× | 1.3×-0.4× | 1.7×-0.4× | |
| Quick ratio | 1.1×+0.4× | 0.7×-0.6× | 1.3×-0.4× | 1.7×-0.4× | |
| Cash ratio | 0.9×+0.3× | 0.7×-0.5× | 1.2×-0.5× | 1.6×+0.9× | |
| Leverage | |||||
| Debt-to-equity | 10.9×+4.9× | 6×+2.0× | 3.9×-0.8× | 4.7×-2.9× | |
| Debt-to-assets | 0.8×0.0× | 0.8×+0.1× | 0.7×-0.1× | 0.8×+0.1× | |
| Net debt / EBITDA | 3.1×-0.5× | 3.6×+0.5× | 3.1×-45.1× | 48.2×+10.7× | |
| Interest coverage | 3.8×+0.5× | 3.3×+0.5× | 2.8×+4.0× | -1.1×0.0× | |
| Per Share | |||||
| Book value per share | $2.29-41.4% | $3.91-27.3% | $5.38+6.0% | $5.08+94.4% | |
| Valuation | |||||
| Market capitalization | $44.01B+18.2% | $37.24B-0.3% | $37.35B+1.7% | $36.73B+27.7% | |
| Enterprise value | $57.3B+13.0% | $50.69B+4.9% | $48.34B-0.3% | $48.5B+15.6% | |
| Price / earnings | 27×+1.3× | 25.8×-4.8× | 30.6×+10.5× | 20.1×— | |
| Price / sales | 3.4×+0.1× | 3.3×-0.3× | 3.6×-5.3× | 8.9×+2.1× | |
| Price / book | 27.7×+14.8× | 12.9×+3.8× | 9.1×-0.4× | 9.5×-4.9× | |
| EV / EBITDA | 13.4×-0.3× | 13.7×-0.1× | 13.7×-185× | 198.8×+79.5× | |
| EV / sales | 4.4×-0.1× | 4.5×-0.2× | 4.7×-7.1× | 11.8×+1.9× | |
| Free cash flow yield | 4.5%+0.1pp | 4.4%-1.5pp | 5.9%+10.3pp | -4.3%-0.6pp | |
| Earnings yield | 3.7%-0.2pp | 3.9%+0.6pp | 3.3%-1.7pp | 5%+8.3pp | |
| Dividend yield | 1.9%+0.3pp | 1.6%+0.8pp | 0.8%— | —— | |
| PEG ratio | 2.2×+0.8× | 1.4×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
