InsiderClue
Stocks · Consumer discretionary · Hotels & Motels

Las Vegas Sands

LVS Clue Score50
United States Fiscal year ends December CIK 0001300514
$36.17 +0.19% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $36.17 −7.47% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue11.27Operating income2.50Net income1.68EPS, diluted2.11Fiscal year 2017Revenue12.73 +12.9%Operating income3.46Net income2.81 +67.2%EPS, diluted3.55 +68.2%Fiscal year 2018Revenue13.73 +7.9%Operating income3.75Net income2.41 −14.1%EPS, diluted3.07 −13.5%Fiscal year 2019Revenue12.13 −11.7%Operating income3.37Net income2.70 +11.8%EPS, diluted3.50 +14.0%Fiscal year 2020Revenue2.94 −75.8%Operating income−1.39Net income−1.69 −162.5%EPS, diluted−2.21 −163.1%Fiscal year 2021Revenue4.23 +44.0%Operating income−0.69Net income−0.96EPS, diluted−1.26Fiscal year 2022Revenue4.11 −2.9%Operating income−0.79Net income1.83EPS, diluted2.40Fiscal year 2023Revenue10.37 +152.4%Operating income2.31Net income1.22 −33.4%EPS, diluted1.60 −33.3%Fiscal year 2024Revenue11.30 +8.9%Operating income2.40Net income1.45 +18.4%EPS, diluted1.96 +22.5%Fiscal year 2025Revenue13.02 +15.2%Operating income2.82Net income1.63 +12.5%EPS, diluted2.35 +19.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.27 12.73 13.73 12.13 2.94 4.23 4.11 10.37 11.30 13.02
Growth +12.9% +7.9% −11.7% −75.8% +44.0% −2.9% +152.4% +8.9% +15.2%
Operating income 2.50 3.46 3.75 3.37 −1.39 −0.69 −0.79 2.31 2.40 2.82
Net income 1.68 2.81 2.41 2.70 −1.69 −0.96 1.83 1.22 1.45 1.63
Growth +67.2% −14.1% +11.8% −162.5% −33.4% +18.4% +12.5%
EPS, diluted 2.11 3.55 3.07 3.50 −2.21 −1.26 2.40 1.60 1.96 2.35
Growth +68.2% −13.5% +14.0% −163.1% −33.3% +22.5% +19.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin22.2%Net margin14.9%Free cash flow margin23.5%Fiscal year 2017Operating margin27.2%Net margin22.1%Free cash flow margin29.1%Fiscal year 2018Operating margin27.3%Net margin17.6%Free cash flow margin27.3%Fiscal year 2019Operating margin27.7%Net margin22.2%Free cash flow margin16.7%Fiscal year 2020Operating margin−47.4%Net margin−57.3%Free cash flow margin−86.4%Fiscal year 2021Operating margin−16.3%Net margin−22.7%Free cash flow margin−25.3%Fiscal year 2022Operating margin−19.3%Net margin44.6%Free cash flow margin−38.8%Fiscal year 2023Operating margin22.3%Net margin11.8%Free cash flow margin21.3%Fiscal year 2024Operating margin21.3%Net margin12.8%Free cash flow margin14.5%Fiscal year 2025Operating margin21.6%Net margin12.5%Free cash flow margin14.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 22.2% 27.2% 27.3% 27.7% −47.4% −16.3% −19.3% 22.3% 21.3% 21.6%
Net margin 14.9% 22.1% 17.6% 22.2% −57.3% −22.7% 44.6% 11.8% 12.8% 12.5%
Free cash flow margin 23.5% 29.1% 27.3% 16.7% −86.4% −25.3% −38.8% 21.3% 14.5% 14.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.04Capital expenditure−1.40Free cash flow2.65Buybacks0.00Dividends paid−2.92Fiscal year 2017Operating cash flow4.54Capital expenditure−0.84Free cash flow3.71 +40.1%Buybacks−0.38Dividends paid−2.94Fiscal year 2018Operating cash flow4.70Capital expenditure−0.95Free cash flow3.75 +1.2%Buybacks−0.91Dividends paid−2.98Fiscal year 2019Operating cash flow3.04Capital expenditure−1.02Free cash flow2.02 −46.2%Buybacks−0.75Dividends paid−3.00Fiscal year 2020Operating cash flow−1.31Capital expenditure−1.23Free cash flow−2.54 −225.7%Buybacks0.00Dividends paid−0.91Fiscal year 2021Operating cash flow−0.24Capital expenditure−0.83Free cash flow−1.07Buybacks0.00Dividends paid0.00Fiscal year 2022Operating cash flow−0.94Capital expenditure−0.65Free cash flow−1.60Buybacks0.00Dividends paid0.00Fiscal year 2023Operating cash flow3.23Capital expenditure−1.02Free cash flow2.21Buybacks−0.51Dividends paid−0.31Fiscal year 2024Operating cash flow3.20Capital expenditure−1.57Free cash flow1.64 −25.9%Buybacks−1.75Dividends paid−0.59Fiscal year 2025Operating cash flow3.02Capital expenditure−1.17Free cash flow1.86 +13.3%Buybacks−2.22Dividends paid−0.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.04 4.54 4.70 3.04 −1.31 −0.24 −0.94 3.23 3.20 3.02
Capital expenditure −1.40 −0.84 −0.95 −1.02 −1.23 −0.83 −0.65 −1.02 −1.57 −1.17
Free cash flow 2.65 3.71 3.75 2.02 −2.54 −1.07 −1.60 2.21 1.64 1.86
Growth +40.1% +1.2% −46.2% −225.7% −25.9% +13.3%
Buybacks 0.00 −0.38 −0.91 −0.75 0.00 0.00 0.00 −0.51 −1.75 −2.22
Dividends paid −2.92 −2.94 −2.98 −3.00 −0.91 0.00 0.00 −0.31 −0.59 −0.83

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash2.13Shareholders’ equity6.18Fiscal year 2017Cash2.42Shareholders’ equity6.49Fiscal year 2018Cash4.65Shareholders’ equity5.68Fiscal year 2019Cash4.23Shareholders’ equity5.19Fiscal year 2020Cash2.08Shareholders’ equity2.97Fiscal year 2021Cash1.85Shareholders’ equity2.00Fiscal year 2022Cash6.31Shareholders’ equity3.88Fiscal year 2023Cash5.11Shareholders’ equity4.12Fiscal year 2024Cash3.65Shareholders’ equity2.88Fiscal year 2025Cash3.84Shareholders’ equity1.59
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.13 2.42 4.65 4.23 2.08 1.85 6.31 5.11 3.65 3.84
Shareholders’ equity 6.18 6.49 5.68 5.19 2.97 2.00 3.88 4.12 2.88 1.59

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
11.27 12.73 13.73 12.13 2.94 4.23 4.11 10.37 11.30 13.02
Growth +12.9% +7.9% −11.7% −75.8% +44.0% −2.9% +152.4% +8.9% +15.2%
n/a n/a n/a n/a n/a 0.11 0.14 0.21 0.23 0.27
1.29 1.42 1.48 1.12 0.80 0.83 0.94 1.11 1.15 1.19
2.50 3.46 3.75 3.37 −1.39 −0.69 −0.79 2.31 2.40 2.82
Growth +38.4% +8.3% −10.3% −141.4% +3.8% +17.3%
2.26 3.05 3.33 3.60 −1.88 −1.47 −1.39 1.78 1.96 2.21
0.24 −0.21 0.38 0.43 0.02 −0.01 0.15 0.34 0.21 0.35
1.68 2.81 2.41 2.70 −1.69 −0.96 1.83 1.22 1.45 1.63
Growth +67.2% −14.1% +11.8% −162.5% −33.4% +18.4% +12.5%
Per share
2.11 3.55 3.07 3.50 −2.21 −1.26 2.40 1.60 1.97 2.35
2.11 3.55 3.07 3.50 −2.21 −1.26 2.40 1.60 1.96 2.35
Growth +68.2% −13.5% +14.0% −163.1% −33.3% +22.5% +19.9%
795.0 792.0 786.0 771.0 764.0 764.0 764.0 763.0 735.0 691.0
795.0 792.0 786.0 771.0 764.0 764.0 764.0 765.0 737.0 693.0
Growth −0.4% −0.8% −1.9% −0.9% +0.0% +0.0% +0.1% −3.7% −6.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 34.7% a year over five years.
  • The diluted share count fell 9.3% in five years, so buybacks did some of the work per share.
  • Operating margin is up 69.0 points on five years ago, at 21.6%.
  • A net loss in 2 of 10 years on file.