Las Vegas Sands Financial Ratios
NYSE: LVSConsumer DiscretionaryHotels/ResortsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Las Vegas Sands ratio analysis
Las Vegas Sands earned a net margin of 12.5% in FY 2025, down from 12.8% a year earlier. Return on equity reached 102.3%, meaning Las Vegas Sands generated 1.02 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks. Debt-to-equity stood at 9.93 versus 4.77 the year before, and the current ratio was 1.14.
At the end of FY 2025, LVS traded at 27.7 times earnings; across the 8 fiscal years shown, its year-end P/E ranged from 18.0 to 30.8, with a median of 22.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Las Vegas Sands financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 27.75 | 25.72 | 30.76 | 20.03 | — | — | 19.92 | 17.97 | 19.57 | 25.31 |
| Price / sales | 3.46 | 3.28 | 3.62 | 8.94 | 6.79 | 15.49 | 4.43 | 3.16 | 4.32 | 3.77 |
| Price / book | 28.34 | 12.85 | 9.12 | 9.46 | 14.41 | 15.32 | 10.36 | 7.63 | 8.49 | 6.87 |
| Operating margin | 21.6% | 21.3% | 22.3% | -19.3% | -16.3% | -47.4% | 27.7% | 27.3% | 27.2% | 22.2% |
| Net margin | 12.5% | 12.8% | 11.8% | 44.6% | -22.7% | -57.3% | 22.2% | 17.6% | 22.1% | 14.9% |
| Free cash flow margin | 14.3% | 14.5% | 21.3% | -38.8% | -25.3% | -86.4% | 16.7% | 27.3% | 29.1% | 23.5% |
| Return on equity (ROE) | 102.3% | 50.1% | 29.7% | 47.2% | -48.1% | -56.7% | 52.0% | 42.5% | 43.3% | 27.2% |
| Return on assets (ROA) | 7.4% | 7.0% | 5.6% | 8.3% | -4.8% | -8.1% | 11.6% | 10.7% | 13.6% | 8.2% |
| Debt / equity | 9.93 | 4.77 | 3.41 | 4.12 | 7.41 | 4.71 | 2.41 | 2.11 | 1.49 | 1.55 |
| Current ratio | 1.14 | 0.74 | 1.31 | 1.73 | 2.15 | 2.03 | 1.65 | 1.76 | 1.08 | 1.10 |
| Revenue growth | 15.2% | 8.9% | 152.4% | -2.9% | 44.0% | -75.8% | -11.7% | 7.9% | 12.9% | -3.6% |
| EPS growth | 19.9% | 22.5% | -33.3% | — | — | -163.1% | 14.0% | -13.5% | 68.2% | -14.6% |