LVS Chart
About

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.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Resorts & Casinos Market Cap 37.18B
Enterprise Value 49.52B Income 1.63B Sales 13.02B
Book/sh 2.36 Cash/sh 5.72 Dividend Yield 191.00%
Payout 42.55% Employees 41000 IPO
P/E 23.40 Forward P/E 14.76 PEG
P/S 2.86 P/B 23.34 P/C
EV/EBITDA 10.93 EV/Sales 3.81 Quick Ratio 1.09
Current Ratio 1.14 Debt/Eq 829.06 LT Debt/Eq
EPS (ttm) 2.35 EPS next Y 3.72 EPS Growth 29.30%
Revenue Growth 26.00% Earnings 2026-04-22 ROA 9.00%
ROE 73.26% ROIC Gross Margin 79.98%
Oper. Margin 23.87% Profit Margin 12.50% Shs Outstand 671.91M
Shs Float 316.74M Short Float 3.68% Short Ratio 1.76
Short Interest 52W High 70.45 52W Low 30.18
Beta 0.89 Avg Volume 5.75M Volume 3.51M
Target Price $69.87 Recom Buy Prev Close $55.05
Price $54.99 Change -0.11%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$69.87
Mean price target
2. Current target
$54.99
Latest analyst target
3. DCF / Fair value
$52.87
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$54.99
Low
$58.00
High
$77.00
Mean
$69.87

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-29 main Macquarie Outperform → Outperform $70
2026-01-29 main Wells Fargo Equal-Weight → Equal-Weight $68
2026-01-29 main Mizuho Outperform → Outperform $65
2026-01-29 main Deutsche Bank Buy → Buy $77
2026-01-29 main Stifel Buy → Buy $72
2026-01-16 main Morgan Stanley Equal-Weight → Equal-Weight $67
2026-01-16 main Barclays Overweight → Overweight $65
2025-12-15 up Goldman Sachs Neutral → Buy $80
2025-12-08 main UBS Neutral → Neutral $68
2025-12-01 main Argus Research Buy → Buy $80
2025-11-18 init Wells Fargo — → Equal-Weight $66
2025-10-28 main Morgan Stanley Equal-Weight → Equal-Weight $63
2025-10-24 main Goldman Sachs Neutral → Neutral $64
2025-10-23 main Macquarie Outperform → Outperform $64
2025-10-23 main JP Morgan Overweight → Overweight $70
2025-10-23 main Stifel Buy → Buy $68
2025-10-23 main Barclays Overweight → Overweight $62
2025-10-23 main Mizuho Outperform → Outperform $63
2025-10-22 main Susquehanna Positive → Positive $63
2025-10-16 up JP Morgan Neutral → Overweight $60
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 195855 Stock Gift at price 0.00 per share. GOLDSTEIN ROBERT G Chief Executive Officer 2026-02-06 00:00:00 D
1 14036 nan HYZAK RANDY A. Chief Financial Officer 2026-02-03 00:00:00 D
2 33419 nan DUMONT PATRICK President 2026-02-03 00:00:00 D
3 65167 nan GOLDSTEIN ROBERT G Chief Executive Officer 2026-02-03 00:00:00 D
4 17378 nan HUDSON D. ZACHARY General Counsel 2026-02-03 00:00:00 D
5 20106 nan HYZAK RANDY A. Chief Financial Officer 2026-01-30 00:00:00 D
6 67019 nan DUMONT PATRICK President 2026-01-30 00:00:00 D
7 18430 nan HUDSON D. ZACHARY Officer 2026-01-30 00:00:00 D
8 130688 nan GOLDSTEIN ROBERT G Chief Executive Officer 2026-01-30 00:00:00 D
9 1250000 62912500.0 Conversion of Exercise of derivative security at price 50.33 per share. GOLDSTEIN ROBERT G Chief Executive Officer 2025-12-17 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-43.33M-6.78M-8.15M-4.62M
TaxRateForCalcs0.160.110.190.21
NormalizedEBITDA4.78B4.12B3.90B428.00M
TotalUnusualItems-276.00M-64.00M-42.00M-22.00M
TotalUnusualItemsExcludingGoodwill-276.00M-64.00M-42.00M-22.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.63B1.45B1.22B-1.07B
ReconciledDepreciation1.54B1.37B1.27B1.09B
ReconciledCostOfRevenue6.54B5.78B5.21B2.46B
EBITDA4.50B4.05B3.86B406.00M
EBIT2.96B2.69B2.59B-685.00M
NetInterestIncome-585.00M-452.00M-530.00M-586.00M
InterestExpense746.00M727.00M818.00M702.00M
InterestIncome161.00M275.00M288.00M116.00M
NormalizedIncome1.86B1.50B1.25B-1.05B
NetIncomeFromContinuingAndDiscontinuedOperation1.63B1.45B1.22B1.83B
TotalExpenses9.93B8.83B8.02B4.88B
TotalOperatingIncomeAsReported2.82B2.40B2.31B-792.00M
DilutedAverageShares693.00M737.00M765.00M764.00M
BasicAverageShares691.00M735.00M763.00M764.00M
DilutedEPS2.351.961.602.40
BasicEPS2.351.971.602.40
DilutedNIAvailtoComStockholders1.63B1.45B1.22B1.83B
NetIncomeCommonStockholders1.63B1.45B1.22B1.83B
NetIncome1.63B1.45B1.22B1.83B
MinorityInterests-239.00M-306.00M-210.00M475.00M
NetIncomeIncludingNoncontrollingInterests1.87B1.75B1.43B1.36B
NetIncomeDiscontinuousOperations0.000.002.90B193.00M
NetIncomeContinuousOperations1.87B1.75B1.43B-1.54B
TaxProvision347.00M208.00M344.00M154.00M
PretaxIncome2.21B1.96B1.77B-1.39B
OtherIncomeExpense-291.00M-54.00M-50.00M-31.00M
OtherNonOperatingIncomeExpenses-15.00M10.00M-8.00M-9.00M
SpecialIncomeCharges-276.00M-64.00M-42.00M-22.00M
GainOnSaleOfPPE-247.00M-50.00M-27.00M-9.00M
GainOnSaleOfBusiness0.00
OtherSpecialCharges29.00M14.00M15.00M13.00M
NetNonOperatingInterestIncomeExpense-585.00M-452.00M-530.00M-586.00M
InterestExpenseNonOperating746.00M727.00M818.00M702.00M
InterestIncomeNonOperating161.00M275.00M288.00M116.00M
OperatingIncome3.09B2.47B2.35B-770.00M
OperatingExpense3.39B3.06B2.81B2.42B
OtherOperatingExpenses310.00M290.00M230.00M235.00M
ProvisionForDoubtfulAccounts85.00M19.00M4.00M15.00M
DepreciationAmortizationDepletionIncomeStatement1.54B1.37B1.27B1.09B
DepreciationAndAmortizationInIncomeStatement1.54B1.37B1.27B1.09B
DepreciationIncomeStatement1.54B1.37B1.27B1.09B
ResearchAndDevelopment269.00M228.00M205.00M143.00M
SellingGeneralAndAdministration1.19B1.15B1.11B936.00M
GeneralAndAdministrativeExpense1.19B1.15B1.11B936.00M
OtherGandA1.19B1.15B1.11B936.00M
GrossProfit6.48B5.52B5.17B1.65B
CostOfRevenue6.54B5.78B5.21B2.46B
TotalRevenue13.02B11.30B10.37B4.11B
OperatingRevenue13.02B11.30B10.37B4.11B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber165.00M118.00M80.00M69.00M
OrdinarySharesNumber674.91M716.30M753.00M764.00M
ShareIssued839.91M834.30M833.00M833.00M
NetDebt11.94B10.10B8.92B9.67B
TotalDebt15.78B13.75B14.03B15.98B
TangibleBookValue1.02B2.34B3.52B3.82B
InvestedCapital17.37B16.64B18.15B19.86B
WorkingCapital610.00M-1.51B1.35B2.84B
NetTangibleAssets1.02B2.34B3.52B3.82B
CommonStockEquity1.59B2.88B4.12B3.88B
TotalCapitalization16.25B13.48B16.25B17.83B
TotalEquityGrossMinorityInterest1.93B3.16B4.10B3.66B
MinorityInterest344.00M276.00M-14.00M-225.00M
StockholdersEquity1.59B2.88B4.12B3.88B
GainsLossesNotAffectingRetainedEarnings71.00M-58.00M27.00M-7.00M
OtherEquityAdjustments71.00M-58.00M27.00M-7.00M
TreasuryStock9.03B6.76B4.99B4.48B
RetainedEarnings4.39B3.46B2.60B1.68B
AdditionalPaidInCapital6.16B6.25B6.48B6.68B
CapitalStock1.00M1.00M1.00M1.00M
CommonStock1.00M1.00M1.00M1.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest19.99B17.51B17.67B18.38B
TotalNonCurrentLiabilitiesNetMinorityInterest15.76B11.71B13.25B14.48B
OtherNonCurrentLiabilities934.00M925.00M936.00M382.00M
NonCurrentDeferredLiabilities174.00M188.00M187.00M152.00M
NonCurrentDeferredTaxesLiabilities174.00M188.00M187.00M152.00M
LongTermDebtAndCapitalLeaseObligation14.66B10.59B12.13B13.95B
LongTermDebt14.66B10.59B12.13B13.95B
CurrentLiabilities4.22B5.80B4.42B3.90B
OtherCurrentLiabilities821.00M
CurrentDeferredLiabilities773.00M608.00M543.00M471.00M
CurrentDeferredRevenue773.00M608.00M543.00M471.00M
CurrentDebtAndCapitalLeaseObligation1.13B3.16B1.90B2.03B
CurrentDebt1.13B3.16B1.90B2.03B
PayablesAndAccruedExpenses2.32B2.03B1.98B1.40B
CurrentAccruedExpenses1.15B1.06B1.02B853.00M
InterestPayable152.00M193.00M184.00M189.00M
Payables1.18B972.00M963.00M547.00M
OtherPayable160.00M263.00M146.00M189.00M
TotalTaxPayable825.00M545.00M650.00M269.00M
IncomeTaxPayable385.00M229.00M261.00M135.00M
AccountsPayable190.00M164.00M167.00M89.00M
TotalAssets21.92B20.67B21.78B22.04B
TotalNonCurrentAssets17.09B16.38B16.00B15.29B
OtherNonCurrentAssets511.00M450.00M400.00M356.00M
NonCurrentDeferredAssets160.00M122.00M121.00M131.00M
NonCurrentDeferredTaxesAssets160.00M122.00M121.00M131.00M
NonCurrentNoteReceivables1.26B1.26B1.19B1.17B
GoodwillAndOtherIntangibleAssets573.00M545.00M598.00M64.00M
OtherIntangibleAssets470.00M443.00M495.00M54.00M
Goodwill103.00M102.00M103.00M10.00M
NetPPE14.58B13.99B13.69B13.58B
AccumulatedDepreciation-14.03B-12.56B-11.89B-10.88B
GrossPPE28.61B26.55B25.58B24.46B
ConstructionInProgress745.00M629.00M491.00M1.12B
MachineryFurnitureEquipment6.65B6.03B5.35B4.64B
BuildingsAndImprovements16.77B16.41B16.21B15.49B
LandAndImprovements4.44B3.48B3.53B3.21B
Properties0.000.000.000.00
CurrentAssets4.83B4.29B5.78B6.74B
OtherCurrentAssets203.00M182.00M150.00M138.00M
AssetsHeldForSaleCurrent0.003.30B
RestrictedCash0.0016.00M
PrepaidAssets138.00M113.00M
Inventory46.00M41.00M38.00M28.00M
Receivables742.00M417.00M484.00M267.00M
AccountsReceivable742.00M417.00M484.00M267.00M
AllowanceForDoubtfulAccountsReceivable-225.00M-186.00M-201.00M-217.00M
GrossAccountsReceivable967.00M603.00M685.00M484.00M
CashCashEquivalentsAndShortTermInvestments3.84B3.65B5.11B6.31B
CashAndCashEquivalents3.84B3.65B5.11B6.31B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.78B1.62B1.97B-1.57B
RepurchaseOfCapitalStock-2.22B-1.75B-505.00M0.00
RepaymentOfDebt-4.92B-2.07B-2.07B-66.00M
IssuanceOfDebt6.78B1.75B0.001.20B
CapitalExpenditure-1.24B-1.58B-1.26B-780.00M
InterestPaidSupplementalData710.00M650.00M746.00M614.00M
IncomeTaxPaidSupplementalData271.00M222.00M176.00M649.00M
EndCashPosition3.97B3.77B5.23B6.44B
BeginningCashPosition3.77B5.23B6.44B1.93B
EffectOfExchangeRateChanges28.00M-19.00M8.00M22.00M
ChangesInCash163.00M-1.44B-1.22B4.49B
CashFlowFromDiscontinuedOperation0.000.000.00
FinancingCashFlow-1.64B-3.06B-3.19B1.12B
CashFromDiscontinuedFinancingActivities0.000.000.00-1.00M
CashFlowFromContinuingFinancingActivities-1.64B-3.06B-3.19B1.12B
NetOtherFinancingCharges-519.00M-335.00M-281.00M-1.00M
InterestPaidCFF-201.00M-60.00M-32.00M-11.00M
ProceedsFromStockOptionExercised264.00M1.00M4.00M0.00
CashDividendsPaid-833.00M-590.00M-305.00M0.00
CommonStockDividendPaid-833.00M-590.00M-305.00M0.00
NetCommonStockIssuance-2.22B-1.75B-505.00M0.00
CommonStockPayments-2.22B-1.75B-505.00M0.00
NetIssuancePaymentsOfDebt1.86B-326.00M-2.07B1.13B
NetShortTermDebtIssuance2.70B
ShortTermDebtIssuance2.70B
NetLongTermDebtIssuance1.86B-326.00M-2.07B1.13B
LongTermDebtPayments-4.92B-2.07B-2.07B-66.00M
LongTermDebtIssuance6.78B1.75B0.001.20B
InvestingCashFlow-1.22B-1.58B-1.25B4.16B
CashFromDiscontinuedInvestingActivities0.000.004.88B-63.00M
CashFlowFromContinuingInvestingActivities-1.22B-1.58B-1.25B-721.00M
NetOtherInvestingChanges19.00M50.00M
NetBusinessPurchaseAndSale0.00
SaleOfBusiness0.00
NetIntangiblesPurchaseAndSale-75.00M-13.00M-240.00M-129.00M
PurchaseOfIntangibles-75.00M-13.00M-240.00M-129.00M
NetPPEPurchaseAndSale7.00M1.00M3.00M9.00M
SaleOfPPE7.00M1.00M3.00M9.00M
CapitalExpenditureReported-1.17B-1.57B-1.02B-651.00M
OperatingCashFlow3.02B3.20B3.23B-795.00M
CashFromDiscontinuedOperatingActivities0.000.00149.00M258.00M
CashFlowFromContinuingOperatingActivities3.02B3.20B3.23B-944.00M
ChangeInWorkingCapital-784.00M19.00M390.00M164.00M
ChangeInOtherWorkingCapital-848.00M
ChangeInOtherCurrentLiabilities461.00M25.00M581.00M229.00M
ChangeInOtherCurrentAssets-27.00M-48.00M-50.00M2.00M
ChangeInPayablesAndAccruedExpense22.00M-1.00M76.00M11.00M
ChangeInPayable22.00M-1.00M76.00M11.00M
ChangeInAccountPayable22.00M-1.00M76.00M11.00M
ChangeInReceivables-392.00M43.00M-217.00M-78.00M
ChangesInAccountReceivables-392.00M43.00M-217.00M-78.00M
OtherNonCashItems58.00M-14.00M31.00M42.00M
StockBasedCompensation54.00M55.00M44.00M39.00M
ProvisionandWriteOffofAssets85.00M19.00M4.00M15.00M
DeferredTax-60.00M4.00M44.00M-752.00M
DeferredIncomeTax-60.00M4.00M44.00M-752.00M
DepreciationAmortizationDepletion1.54B1.37B1.27B1.09B
DepreciationAndAmortization1.54B1.37B1.27B1.09B
Depreciation1.54B1.37B1.27B1.09B
OperatingGainsLosses264.00M1.00M17.00M-2.00M
GainLossOnInvestmentSecurities-1.00M1.00M-1.00M
NetForeignCurrencyExchangeGainLoss23.00M-18.00M7.00M-10.00M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations1.87B1.75B1.43B-1.54B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LVS
Date User Asset Broker Type Position Size Entry Price Patterns