Las Vegas Sands (LVS) EBT Margin (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly EBT Margin of 20.86% in Q1 2026, up 38.18% quarter-over-quarter from 15.1% in Q4 2025, and up 441.0% on a YoY basis from 3.86% in Q1 2025.
Las Vegas Sands (LVS) EBT Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands' EBT Margin history runs 18 years deep, the most recent figure standing at 20.86% for Q1 2026.
- In Q1 2026, EBT Margin rose 441.0% year-over-year to 20.86%; the TTM figure through Mar 2026 stood at 18.12% (up 178.0% YoY), while the FY2025 annual figure was 17.0%, down 35.0% from the prior year.
- EBT Margin was 20.86% for Q1 2026 at Las Vegas Sands, up from 15.1% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 20.86% in Q1 2026 to a low of 50.48% in Q1 2022.
- Historically, EBT Margin has averaged 5.15% across 5 years, with a median of 16.4% in 2023.
- The sharpest annual moves came in 2022 and 2023: EBT Margin plunged 2824 bps in 2022, then surged 5968 bps in 2023.
- A 5-year view of EBT Margin shows it stood at 25.69% in 2022, then soared by 179 bps to 20.31% in 2023, then retreated by 22 bps to 15.92% in 2024, then declined by 5 bps to 15.1% in 2025, then soared by 38 bps to 20.86% in 2026.
- The last three EBT Margin figures came in at 20.86% (Q1 2026), 15.1% (Q4 2025), and 17.47% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 8.65% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 13.74% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 118.58% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | -2.47% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 27.50% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 5.76% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 18.89% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 3.58% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 0.33% |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 20.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.86% |
| Dec 31, 2025 | 15.10% |
| Sep 30, 2025 | 17.47% |
| Jun 30, 2025 | 19.18% |
| Mar 31, 2025 | 16.46% |
| Dec 31, 2024 | 15.92% |
| Sep 30, 2024 | 15.03% |
| Jun 30, 2024 | 17.96% |
| Mar 31, 2024 | 20.28% |
| Dec 31, 2023 | 20.31% |
| Sep 30, 2023 | 20.43% |
| Jun 30, 2023 | 16.40% |
| Mar 31, 2023 | 9.20% |
| Dec 31, 2022 | -25.69% |
| Sep 30, 2022 | -31.84% |
| Jun 30, 2022 | -29.09% |
| Mar 31, 2022 | -50.48% |
| Dec 31, 2021 | -29.86% |
| Sep 30, 2021 | -72.46% |
| Jun 30, 2021 | -24.38% |