Las Vegas Sands (LVS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Las Vegas Sands

NYSE•Consumer Cyclical•Resorts & Casinos

$38.26+0.06(<0.01%)After hours

Market Cap

$24.41B

P/E

15.1x

P/S

1.8x

Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, and The Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. The company was founded in 1988 and is based in Las Vegas, Nevada.

How this company scores

WeakMetricSide Score: 60/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability9/25

Growth19/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsCash-backed earningsConsistent growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.1x5y range 14.7x – 859.6x

Currently below its 18-quarter median.

P/S · 1.8x5y range 1.8x – 8.9x

Currently below its 20-quarter median.

P/B · 52.2x5y range 6.1x – 52.2x

Currently above its 19-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 5.1% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Red Flag

D/E ratio is 23.6 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $24.41B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $13.60B
Q. Revenue: $3.22B
TTM EBITDA: $4.26B
TTM Op. Income: $2.85B
Q. Op. Income: $618.00M
TTM Net Income: $1.61B
Q. Net Income: $304.00M
EPS: $0.48
Shares Out.: $639.00M

$13.60B in TTM revenue grew 10.9% YoY, reaching $3.22B last quarter. TTM EBITDA of $4.26B and TTM operating income of $2.85B show growth is flowing through to the bottom line. TTM net income of $1.61B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 29.8%
Op. Margin: 19.2%
Net Margin: 9.5%

Op. margin of 19.2% is down 2.4% YoY — costs are rising relative to revenue. Net margin at 9.5% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.1x
P/S Ratio: 1.8x
P/B Ratio: N/A

At 15.1x P/E, the stock trades within typical market levels. P/S of 1.8x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $19.42B
Cash: $2.86B
Long-Term Debt: $13.88B
Book Value: $-344.00M
D/E Ratio: N/A
Debt/EBITDA: 14.5

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $870.00M
TTM Free Cash Flow: $2.41B
FCF Margin: 17.7%
FCF / Net Income: 1.5

TTM FCF of $2.41B on $870.00M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 86% — a weakening trend.