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LVS · NYSE · United States · Hotels & Motels
In shortLAS VEGAS SANDS CORP is profitable, generates cash and carries heavy debt, with revenue growing (+15.2% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 21.6% | 89/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 12.5% | 70/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 72.7% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.7% | 91/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.14× | 29/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 9.93× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.79× | 35/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.78× | 22/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.78 | 17/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 14.3% | 77/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.14× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 63.2% | 0/100 |
| Operating margin volatility | 21.7% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 46.9% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -0.7% | 22/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,234 | 4,110 | 10,372 | 11,298 | 13,017 |
| Research & development | 109 | 143 | 205 | 228 | 269 |
| Selling, general & admin | 831 | 936 | 1,107 | 1,150 | 1,188 |
| Operating income | (689) | (792) | 2,313 | 2,402 | 2,818 |
| Interest expense | 621 | 702 | 818 | 727 | 746 |
| Pre-tax income | (1,474) | (1,387) | 1,775 | 1,960 | 2,213 |
| Income tax | (5) | 154 | 344 | 208 | 347 |
| Net income | (961) | 1,832 | 1,221 | 1,446 | 1,627 |
| Diluted EPS | −$1.26 | $2.40 | $1.60 | $1.96 | $2.35 |
| Diluted shares (millions) | 764 | 764 | 765 | 737 | 693 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.78 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 24, 2026