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

$39.98-0.69(-0.02%)After hours

Market Cap

$26.60B

P/E

15.4x

P/S

1.9x

P/B

45.8x

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

GoodMetricSide Score: 73/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (5/25).

Profitability21/25

Growth25/25

Balance Sheet & Red Flags5/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

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

P/E · 15.4x5y range 15.4x – 611.1x

Currently below its 17-quarter median.

P/S · 1.9x5y range 1.9x – 8.1x

Currently below its 20-quarter median.

P/B · 45.8x5y range 6.9x – 45.8x

Currently above its 20-quarter median.

Watch items

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

High Risk

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 $26.60B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $13.72B
Q. Revenue: $3.15B
TTM EBITDA: $4.39B
TTM Op. Income: $2.95B
Q. Op. Income: $618.00M
TTM Net Income: $1.73B
Q. Net Income: $346.00M
EPS: $0.53
Shares Out.: $654.00M

$13.72B in TTM revenue grew 18.1% YoY, reaching $3.15B last quarter. TTM EBITDA of $4.39B and TTM operating income of $2.95B show growth is flowing through to the bottom line. TTM net income of $1.73B means revenue is converting into profit. Over the past year, TTM revenue is up 18% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 30.7%
Op. Margin: 19.6%
Net Margin: 11.0%

Op. margin of 19.6% is down 5.1% YoY — costs are rising relative to revenue. Net margin at 11.0% Over the past year, operating margin is down 21% — a weakening trend.

Price Ratios

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

P/E Ratio: 15.4x
P/S Ratio: 1.9x
P/B Ratio: 45.8x

At 15.4x P/E, the stock trades within typical market levels. P/S of 1.9x and P/B of 45.8x 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 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $19.91B
Cash: $3.38B
Long-Term Debt: $13.69B
Book Value: $581.00M
D/E Ratio: 23.6
Debt/EBITDA: 14.1

With $19.91B in assets and $13.69B in long-term debt, D/E is 23.6and book value is $581.00M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

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

Op. Cash Flow: $682.00M
TTM Free Cash Flow: $2.70B
FCF Margin: 19.7%
FCF / Net Income: 1.6

TTM FCF of $2.70B on $682.00M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.