LAS VEGAS SANDS CORP LVS

Consumer discretionary SIC 7011 - Hotels & Motels NAICS Accommodation and Food Services › Accommodation › Traveler Accommodation derived NYSE

Las Vegas Sands Corp. ("LVSC," or together with its subsidiaries "we" or the "Company") is a Fortune 500 company and the leading global developer and operator of destination properties ("Integrated Resorts") that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.

We currently own and operate Integrated Resorts in Macao and Singapore. We believe our geographic diversity, best-in-class properties and meeting and convention facilities provide us with the best platform in the hospitality and gaming industry to attract leisure and business tourism to our markets and continue generating growth and cash flow while simultaneously pursuing new development opportunities.

Last close 35.68 2026-10-23
Market cap $23.11B 2026-06-30 share count
52-week range 35.03 - 70.45

Valuation FY2025 figures against the last close

P/S1.8x
P/E15.2x
P/FCF12.5x
EV/EBITDA8.2x
Dividend yield3.6%
Diluted EPS2.35

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $13.02B$11.30B$10.37B$4.11B$4.23B$2.94B$12.13B$13.73B$12.73B$11.27B
R&D $269.0M$228.0M$205.0M$143.0M$109.0M—————
SG&A $1.19B$1.15B$1.11B$936.0M$831.0M$798.0M$1.12B$1.48B$1.42B$1.29B
Total operating expenses $10.20B$8.90B$8.06B$4.90B$4.92B$4.33B$8.76B$9.98B$9.26B$8.77B
Operating income $2.82B$2.40B$2.31B-$792.0M-$689.0M-$1.39B$3.37B$3.75B$3.46B$2.50B
Interest expense $746.0M$727.0M$818.0M$702.0M$621.0M$523.0M$449.0M$446.0M$327.0M$274.0M
Pre-tax income $2.21B$1.96B$1.77B-$1.39B-$1.47B-$1.88B$3.60B$3.33B$3.05B$2.26B
Income tax $347.0M$208.0M$344.0M$154.0M$5.0M$24.0M$432.0M$375.0M$209.0M$239.0M
Net income $1.63B$1.45B$1.22B$1.83B-$961.0M-$1.69B$2.70B$2.41B$2.81B$1.68B
EPS, basic 2.351.971.602.40-1.26-2.213.503.073.552.11
EPS, diluted 2.351.961.602.40-1.26-2.213.503.073.552.11
Shares, diluted (wtd. avg.) 693.0M737.0M765.0M764.0M764.0M764.0M771.0M786.0M792.0M795.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.84B$3.65B$5.23B$6.44B$1.87B$2.10B$4.18B$4.66B$2.43B$2.14B
Receivables $742.0M$417.0M$484.0M$267.0M$202.0M$252.0M$844.0M$726.0M$615.0M$776.0M
Inventory $46.0M$41.0M$38.0M$28.0M$22.0M$22.0M$37.0M$35.0M$37.0M$46.0M
Total current assets $4.83B$4.29B$5.78B$6.74B$5.51B$5.71B$5.30B$5.57B$3.20B$3.10B
Property, plant and equipment $11.67B$11.99B$11.44B$11.45B$11.85B$12.28B$14.84B$15.15B$15.52B$15.90B
Goodwill $103.0M$102.0M$103.0M$10.0M——————
Other intangibles $470.0M$443.0M$495.0M$54.0M$19.0M$25.0M$42.0M$72.0M$89.0M$103.0M
Total assets $21.92B$20.67B$21.78B$22.04B$20.06B$20.81B$23.20B$22.55B$20.69B$20.47B
Accounts payable $190.0M$164.0M$167.0M$89.0M$77.0M$89.0M$149.0M$178.0M$171.0M$128.0M
Total current liabilities $4.22B$5.80B$4.42B$3.90B$2.56B$2.82B$3.22B$3.16B$2.96B$2.81B
Total liabilities $19.99B$17.51B$17.67B$18.38B$17.81B$17.27B$16.69B$15.80B$13.06B$12.97B
Retained earnings $4.39B$3.46B$2.60B$1.68B-$148.0M$813.0M$3.10B$2.77B$2.71B$2.22B
Total equity $1.59B$2.88B$4.10B$3.66B$2.25B$3.54B$6.51B$6.75B$7.63B$7.49B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.02B$3.20B$3.23B-$944.0M-$243.0M-$1.19B$2.80B$4.70B$4.54B$4.04B
Stock-based compensation $54.0M$55.0M$44.0M$39.0M$22.0M$22.0M$35.0M$30.0M$34.0M$34.0M
Capital expenditure $1.17B$1.57B$1.02B$651.0M$828.0M$1.23B$1.02B$949.0M$837.0M$1.40B
Investing cash flow -$1.22B-$1.58B-$1.25B-$721.0M-$832.0M-$1.23B$95.0M-$930.0M-$822.0M-$1.44B
Financing cash flow -$1.64B-$3.06B-$3.19B$6.15B$863.0M$355.0M-$3.33B-$1.52B-$3.49B-$2.63B
Dividends paid $833.0M$590.0M$305.0M$0$0$911.0M$3.00B$2.98B$2.94B$2.92B
Buybacks $2.22B$1.75B$505.0M$0$0$0$754.0M$905.0M$375.0M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001300514-26-000013.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 11.3B Net income, FY2016: 1.7B Revenue, FY2017: 12.7B Net income, FY2017: 2.8B Revenue, FY2018: 13.7B Net income, FY2018: 2.4B Revenue, FY2019: 12.1B Net income, FY2019: 2.7B Revenue, FY2020: 2.9B Net income, FY2020: -1.7B Revenue, FY2021: 4.2B Net income, FY2021: -961M Revenue, FY2022: 4.1B Net income, FY2022: 1.8B Revenue, FY2023: 10.4B Net income, FY2023: 1.2B Revenue, FY2024: 11.3B Net income, FY2024: 1.4B Revenue, FY2025: 13B Net income, FY2025: 1.6B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $11.27B $12.73B $13.73B $12.13B $2.94B $4.23B $4.11B $10.37B $11.30B $13.02B
Gross profit — — — — — — — — — —
Net income $1.68B $2.81B $2.41B $2.70B -$1.69B -$961.0M $1.83B $1.22B $1.45B $1.63B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7011

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H Hyatt Hotels Corp $16.27B — 6.8%
WYNN WYNN RESORTS LTD $7.49B 23.2x 0.1%
MGM MGM Resorts International $7.06B 36.9x 1.7%
CZR Caesars Entertainment, Inc. $5.87B — 2.1%
WH WYNDHAM HOTELS & RESORTS, INC. $5.37B 29.0x 1.8%
BYD BOYD GAMING CORP $5.21B 3.2x 4.1%