Start here if you're new
what it is
It runs giant casino resorts in Macau and Singapore, where gambling pays most of the bills.
how it gets paid
Last year Las Vegas Sands made $13.0B in revenue.
why it's growing
FY revenue growth in this feed is about ~39% (see product card)—ignore the bogus 256.7% print; it does not match a ~$13B steady-state year. The ~26% vs. prior year quarter matters because Macau/Singapore volume has to hold.
what just happened
Latest quarter revenue hit $3.6B, up 26% vs. prior year, while EPS rose 29% to $0.58.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
15/100 earnings predictability — expect surprises
24.0x trailing p/e — priced about right
2.0% dividend yield — cash in your pocket every quarter
11.0% return on capital — reasonable for capital-heavy resorts
xvary composite: 56/100 — below average
What they do
It runs giant casino resorts in Macau and Singapore, where gambling pays most of the bills.
This business wins because scale matters and licenses are scarce. Geographic mix on this feed runs about 63% Macau / 37% Singapore—use the same filing year as the $13.0B revenue line so “last year” in basics does not fight a stale split year. Integrated resorts mean casino floors pull in 74% of revenue, then hotel rooms, retail, and everything else keep you spending after you leave the tables.
How they make money
$13.0B
annual revenue · their business grew about +39% last year (feed)
total revenue
$13.0B
+39%
The products that matter
casinos, hotels, retail, and conventions
Integrated Resorts
$13.0B revenue · 100% of sales
it's the entire $13.0B business, and last year it grew 39.0%. that simplicity helps when demand is rising and hurts when any key market stalls.
100% of revenue
Key numbers
74%
gaming mix
Casino gaming drives nearly three quarters of revenue, which tells you this is a gambling business first and everything else second.
29.5%
operating margin
Operating margin → profit after running the resorts → so what: this business keeps almost $0.30 from each revenue dollar before interest and taxes.
$13.9B
long debt
Long-term debt equals 25% of capital, which is manageable in good times but less funny if Macau slows.
$75
18m target
The 18-month target is $75 versus a $59.89 stock price, which implies about 25% upside if operations keep recovering.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 3 — safer than 50% of stocks
- price stability 35 / 100
- long-term debt $13.9B (25% of capital)
- net profit margin 15.9% — keeps 16 cents of every dollar in revenue
- return on equity 32% — $0.32 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in LVS 3 years ago → it's now worth $11,720.
The index would have given you $14,770.
source: institutional data · total return
What just happened
beat estimates
Latest quarter revenue hit $3.6B, up 26% vs. prior year, while EPS rose 29% to $0.58.
The company is still riding recovery in Macau and stable demand in Singapore. Deadpan fact bomb: a business with $13.0B in annual revenue still gets 74% of sales from gambling.
$3.6B
revenue
$0.58
eps
15.9%
net margin (FY · co.)
the number that mattered
The 26% revenue growth matters most because this stock needs sustained volume in Macau and Singapore more than it needs financial engineering.
source: company earnings report, 2026
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What could go wrong
the #1 risk is macau and singapore demand cooling after the rebound.
med
demand concentration
all $13.0B of revenue comes from integrated resorts. if tables cool, hotel occupancy slips, or premium spend softens, the whole income statement feels it.
this is a 100% revenue exposure issue, not a side risk.
med
licensing and regional policy exposure
the moat here depends on operating in tightly licensed markets. that's powerful when policy is stable and awkward when travel rules, licensing terms, or regional tensions shift.
if access changes, the core resorts get hit first because they are the entire business.
med
debt load
$13.9B in long-term debt is manageable with healthy resort traffic. it looks less comfortable if quarterly revenue stops covering fixed costs with room to spare.
25% of capital is debt, so slower demand would show up quickly in equity sentiment.
low
earnings volatility
a 15/100 earnings predictability score is the market's way of saying the model is not clean. one soft quarter can reset the stock faster than you want.
this is why a 24.0x trailing p/e does not automatically mean cheap.
between $13.0B of revenue tied to one resort model and $13.9B in long-term debt, LVS needs traffic to stay healthy. empty tables are not a small inconvenience here.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
whether $13.0B revenue holds
last year delivered +39.0% growth. the next question is not rebound. it's whether the new base sticks.
risk
$13.9B in long-term debt
debt is manageable when resorts are full. it gets louder when demand cools.
earnings
the next quarterly update
the current snapshot quarter shows $0.58 EPS on $3.6B revenue. you want confirmation, not a one-quarter cameo.
trend
institutional support vs. price volatility
institutions were net buyers for two straight quarters, but price stability is still just 35/100. one of those signals is more right than the other.
Analyst rankings
short-term outlook
average
momentum score 3 — in human-speak, analysts see a normal near-term setup, not a screaming signal either way.
risk profile
average
stability score 3 — middle-of-the-road on paper, though the 35 / 100 price stability score tells you the ride still gets bumpy.
chart momentum
top 5%
technical score 1 — the chart looks stronger than most stocks right now. the quiet part: the tape is more confident than the business quality.
earnings predictability
15 / 100
earnings are hard to model here. in plain English: expect surprises, and do not act shocked when the stock does something dramatic after a quarter.
source: institutional data
Institutional activity
institutions have been net buying for 2 consecutive quarters — 339 buyers vs. 281 sellers in 3q2025. total institutional holdings: 0.3B shares. net buying for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$43
$106
$60
current price
$75
target midpoint · +25% from current · 3-5yr high: $95 (+60% · 14% ann'l return)
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