TORVANTA
Consumer Discretionary · S&P 500 · data as of 2026-10-05

LVS stock analysis: Las Vegas Sands

Las Vegas Sands (LVS) is an S&P 500 company in Casinos & Gaming. It grades strongest on growth and weakest on momentum.

The model's view of LVS · subscribers

Where LVS ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with LVS · updated 2026-10-05 · from prices and SEC filings

LVS price performance

LVS against the S&P 500, one year
-20%+0%+20%S&P 500 +18%LVS -32%2025-09-292026-10-05
Year to date-42.8%S&P 500 +14.5% · behind by 57.3 pts
1 year-26.6%S&P 500 +17.0% · behind by 43.6 pts
3 years-11.8%S&P 500 +89.3% · behind by 101.1 pts
5 years+4.1%S&P 500 +91.3% · behind by 87.2 pts

Total returns with dividends reinvested.

LVS factor grades

Each grade compares LVS with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 14.2x (sector 18.9x)FCF yield 11.4% (sector 5.3%)
AGrowthRevenue growth +18% (sector +6%)EPS growth +30% (sector +5%)
B+ProfitabilityOperating margin 21.5% (sector 15.4%)ROIC 19.7% (sector 29.5%)
DMomentum12-month change -27%From 52-wk high -46%

LVS in plain numbers

LVS key statistics

SectorConsumer Discretionary
IndustryCasinos & Gaming
IndexS&P 500
Market value$23.7B
Revenue growth (y/y)+18%
Free-cash-flow yield11.4%
Dividend yield3.1%
Next earnings (expected)2026-10-21
Valuation measures
Market value$23.7B
Enterprise value$35.6B
P/E (trailing)14.2x
Forward P/E (Torvanta estimate)13.1x
PEG (Torvanta estimate)1.51
Price / sales1.7x
Price / book40.8x
EV / revenue2.6x
EV / EBITDA8.1x
Financial highlights
Revenue, last 12 months$13.7B
Net income, last 12 months$1.7B
EPS, last 12 months (GAAP)$2.57
Operating margin21.5%
Net margin12.6%
Return on equity134.3%
Return on invested capital19.7%
Cash$3.4B
Total debt$15.3B
Debt / equity26.25x
Free cash flow, last 12 months$2.7B
Interest cover3.9x
Current ratio1.00x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

LVS earnings trends

Revenue vs earnings
$0$912.2M$1.8B$2.7B$3.6BSep 2024 Revenue: $2.7BDec 2024 Revenue: $2.9BMar 2025 Revenue: $2.9BJun 2025 Revenue: $3.2BSep 2025 Revenue: $3.3BDec 2025 Revenue: $3.6BMar 2026 Revenue: $3.6BJun 2026 Revenue: $3.2BSep 2024 Net income: $275.0MDec 2024 Net income: $324.0MMar 2025 Net income: $352.0MJun 2025 Net income: $461.0MSep 2025 Net income: $419.0MDec 2025 Net income: $395.0MMar 2026 Net income: $567.0MJun 2026 Net income: $346.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 10.3%Net margin: 11.2%Net margin: 12.3%Net margin: 14.5%Net margin: 12.6%Net margin: 10.8%Net margin: 15.8%Net margin: 11.0%0%8%16%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.4$0.6$0.9Sep 2024 EPS (GAAP, diluted): $0.4Dec 2024 EPS (GAAP, diluted): $0.5Mar 2025 EPS (GAAP, diluted): $0.5Jun 2025 EPS (GAAP, diluted): $0.7Sep 2025 EPS (GAAP, diluted): $0.6Dec 2025 EPS (GAAP, diluted): $0.6Mar 2026 EPS (GAAP, diluted): $0.9Jun 2026 EPS (GAAP, diluted): $0.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +61% · Dec 2025 +29% · Mar 2026 +73% · Jun 2026 -20%

From the company's 10-Q and 10-K filings with the SEC.

Las Vegas Sands financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$4.2B$4.1B$10.4B$11.3B$13.0B
Net income-$1.0B$1.8B$1.2B$1.4B$1.6B
EPS (GAAP)$-1.26$2.40$1.60$1.97$2.34
Free cash flown/an/a$2.2B$1.6B$1.9B

LVS earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$0.53-20%-1%+2.6%
2026-04-22$0.85+73%+25%-10.3%
2026-01-28$0.58+29%+26%-12.4%
2025-10-22$0.61+61%+24%+12.3%
2025-07-23$0.66+38%+15%+3.8%
2025-04-23$0.49-26%-3%+4.2%

About Las Vegas Sands

HeadquartersLas Vegas, NV
Industry (SEC code)Hotels & Motels
Fiscal year endsDecember 31
Incorporated inNV
Listed onNYSE

From the company's SEC registration record.

Companies similar to LVS

CompanyMarket valueP/ERevenue growthOperating margin12-month change
LVS Las Vegas Sands$23.7B14.2x+18%21.5%-27%
TPR Tapestry$23.3B16.0x+14%23.9%+3%compare
ULTA Ulta Beauty$23.2B19.8x+11%12.5%-2%compare
DRI Darden$22.8B19.2x+9%12.0%+7%compare
RL Ralph Lauren$22.4B23.0x+15%14.9%+15%
PHM PulteGroup$21.4B11.6x-7%n/a-16%
WSM Williams-Sonoma$28.1B24.5x+2%19.2%+21%

All Consumer Discretionary stock ratings

Frequently asked questions

Is LVS stock a buy?

Torvanta does not tell individuals what to buy. Its grades for LVS are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is LVS's P/E ratio?

LVS trades at about 14.2 times its last 12 months of GAAP earnings reported to the SEC, and about 13.1 times Torvanta's own estimate of the next 12 months.

When does LVS report earnings next?

Based on its filing history, Torvanta expects Las Vegas Sands to report around 2026-10-21.

Does LVS pay a dividend?

Yes. Its dividend yield is about 3.1%, and it has raised its dividend 2 years in a row.

How has LVS performed against the S&P 500?

Over the past year LVS returned -26.6%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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