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Las Vegas Sands stock: key metrics
LVSLas Vegas Sands had an operating margin of 23.7% and a return on invested capital (ROIC) of 18.9% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 48.0% | 25.7% | 19.8% |
| 2007 | 40.8% | 11.2% | 4.0% |
| 2008 | 36.9% | 3.7% | −3.7% |
| 2009 | 37.0% | −0.6% | −7.8% |
| 2010 | 43.5% | 17.2% | 8.7% |
| 2011 | 47.7% | 25.4% | 16.6% |
| 2012 | 45.5% | 20.8% | 13.7% |
| 2013 | 45.4% | 24.8% | 16.7% |
| 2014 | 46.9% | 28.1% | 19.5% |
| 2015 | 47.7% | 24.3% | 16.8% |
| 2016 | 49.6% | 22.2% | 14.9% |
| 2017 | 50.3% | 27.2% | 22.1% |
| 2018 | 49.2% | 27.3% | 17.6% |
| 2019 | 49.7% | 27.7% | 22.2% |
| 2020 | no data | no data | no data |
| 2021 | 38.0% | −16.3% | no data |
| 2022 | 40.1% | −18.7% | no data |
| 2023 | 49.8% | 22.7% | 11.8% |
| 2024 | 48.9% | 21.8% | 12.8% |
| 2025 | 49.8% | 23.7% | 12.5% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 21.3% | 8.8% | 6.2% |
| 2007 | 5.2% | 3.8% | 1.0% |
| 2008 | −3.7% | 1.2% | −1.0% |
| 2009 | −6.1% | −0.2% | −1.7% |
| 2010 | 9.0% | 7.7% | 2.8% |
| 2011 | 19.9% | 14.0% | 7.0% |
| 2012 | 21.6% | 13.2% | 6.9% |
| 2013 | 30.1% | 20.0% | 10.1% |
| 2014 | 39.4% | 24.6% | 12.7% |
| 2015 | 28.8% | 16.6% | 9.4% |
| 2016 | 27.2% | 14.7% | 8.2% |
| 2017 | 43.3% | 23.2% | 13.6% |
| 2018 | 42.5% | 23.0% | 10.7% |
| 2019 | 52.0% | 20.5% | 11.6% |
| 2020 | −56.7% | −7.3% | −8.1% |
| 2021 | no data | −3.6% | no data |
| 2022 | no data | −4.3% | no data |
| 2023 | 29.7% | 14.4% | 5.6% |
| 2024 | 50.1% | 16.8% | 7.0% |
| 2025 | 102.3% | 18.9% | 7.4% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Apr 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.