Las Vegas Sands (LVS) FCF Margin (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly FCF Margin of 11.1% for Q2 2026, up 1450.0% year-over-year from 0.72% in Q2 2025, and down 25.92% quarter-over-quarter from 14.98% in Q1 2026.
Las Vegas Sands (LVS) FCF Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands' FCF Margin history runs 18 years deep, the most recent figure standing at 11.1% for Q2 2026.
- In Q2 2026, FCF Margin rose 1450.0% year-over-year to 11.1%; the TTM figure through Jun 2026 stood at 19.7% (up 1429.0% YoY), while the FY2025 annual figure was 14.25%, down 24.0% from the prior year.
- FCF Margin for Q2 2026 stood at 11.1%, down from 14.98% in the prior quarter.
- The five-year high for FCF Margin was 29.31% in Q2 2023, with the low at 67.55% in Q1 2022.
- The 5-year median for FCF Margin is 12.84% (2023), against an average of 3.47%.
- The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 3082 bps in 2022, then soared 8052 bps in 2023.
- Las Vegas Sands' FCF Margin stood at 22.47% in 2022, then jumped by 204 bps to 23.36% in 2023, then sank by 46 bps to 12.71% in 2024, then surged by 101 bps to 25.49% in 2025, then sank by 56 bps to 11.1% in 2026.
- Business Quant data shows LVS's FCF Margin at 11.1% in Q2 2026, 14.98% in Q1 2026, and 25.49% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.54 Bn | 27.17 Bn | 1.81 Bn | 11.10% |
| 2 | MGM Resorts International | 10.99 Bn | 8.44 Bn | 3.10 Bn | 7.13% |
| 3 | Wynn Resorts | 10.34 Bn | 8.77 Bn | 1.14 Bn | 18.25% |
| 4 | Boyd Gaming | 6.09 Bn | 5.76 Bn | 766.76 Mn | -16.00% |
| 5 | Caesars Entertainment | 6.06 Bn | 5.00 Bn | 2.04 Bn | 10.16% |
| 6 | Vail Resorts | 5.50 Bn | 5.13 Bn | - | -2.34% |
| 7 | Marriott Vacations Worldwide | 3.90 Bn | 3.60 Bn | 1.29 Bn | 5.00% |
| 8 | Hilton Grand Vacations | 3.58 Bn | 3.31 Bn | 499.00 Mn | 8.54% |
| 9 | Red Rock Resorts | 3.53 Bn | 2.92 Bn | 420.02 Mn | 3.56% |
| 10 | PENN Entertainment | 2.49 Bn | 1.60 Bn | 1.02 Bn | 7.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.10% |
| Mar 31, 2026 | 14.98% |
| Dec 31, 2025 | 25.49% |
| Sep 30, 2025 | 26.60% |
| Jun 30, 2025 | -3.40% |
| Mar 31, 2025 | 5.14% |
| Dec 31, 2024 | 12.71% |
| Sep 30, 2024 | 8.28% |
| Jun 30, 2024 | 19.16% |
| Mar 31, 2024 | 17.51% |
| Dec 31, 2023 | 23.36% |
| Sep 30, 2023 | 18.21% |
| Jun 30, 2023 | 29.31% |
| Mar 31, 2023 | 12.97% |
| Dec 31, 2022 | -22.47% |
| Sep 30, 2022 | -31.74% |
| Jun 30, 2022 | -37.13% |
| Mar 31, 2022 | -67.55% |
| Dec 31, 2021 | -8.53% |
| Sep 30, 2021 | -50.41% |