Las Vegas Sands LVS Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 87.7%0.0pp | 85.6%-5.3pp | 85.2%-6.7pp | 85.4%-1.0pp | 87.7%+16.6pp | |
| Net margin | 50.7%-1.1pp | 49%-5.2pp | 49.3%-3.8pp | 49.9%+2.2pp | 51.8%+17.5pp | |
| Returns | ||||||
| Return on equity | 278.7%+121pp | 223.4%+65.4pp | 191.9%+44.8pp | 167.4%+42.0pp | 158%+71.3pp | |
| Return on invested capital | 61.2%+3.6pp | 57.3%-2.7pp | 55.7%-2.8pp | 55.5%+1.5pp | 57.6%+16.5pp | |
| Efficiency | ||||||
| Asset turnover | 2.4×+0.3× | 2.3×+0.2× | 2.2×+0.1× | 2.1×+0.2× | 2.1×+0.4× | |
| Liquidity | ||||||
| Current ratio | 4.2×+0.4× | 3.8×-0.7× | 3.4×-1.7× | 3.5×-2.2× | 3.8×-3.1× | |
| Leverage | ||||||
| Debt-to-equity | 45.2×+24.2× | 36.8×+18.0× | 31.9×+15.1× | 25.5×+10.1× | 21×+6.0× | |
| Net debt / EBITDA | 13×-0.1× | 13.7×+1.5× | 14.2×+2.6× | 14×+1.5× | 13.1×-2.4× | |
| Per Share | ||||||
| Book value per share | $9.23-47.1% | $11.23-40.6% | $12.85-37.0% | $15.25-29.6% | $17.45-21.5% | |
| Valuation | ||||||
| Market capitalization | $147.26B+8.8% | $138.71B-5.3% | $131.94B-10.0% | $132.27B-8.4% | $135.33B-12.9% | |
| Price / earnings | 91.8×-0.6× | 93.3×-2.6× | 92×-8.7× | 93.1×-35.2× | 92.4×-884× | |
| Price / sales | 11.6×-0.3× | 11.5×-1.5× | 11.4×-1.9× | 11.7×-2.4× | 12×-5.7× | |
| Price / book | 96.5×+53.7× | 76.6×+34.1× | 61.8×+23.2× | 49.2×+13.8× | 42.9×+6.1× | |
| EV / EBITDA | 47.8×-1.0× | 48.2×-2.0× | 48.5×-1.8× | 49.2×-5.8× | 48.8×-27.7× | |
| Dividend yield | 8.8%+1.6pp | 8.7%+2.5pp | 8.4%+3.0pp | 7.8%+3.5pp | 7.2%— |
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.
