Las Vegas Sands (LVS) FCF Margin (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly FCF Margin of 14.98% in Q1 2026, down 41.23% quarter-over-quarter from 25.49% in Q4 2025, and up 984.0% on a YoY basis from 1.38% in Q1 2025.
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 14.98% for Q1 2026.
- In Q1 2026, FCF Margin rose 984.0% year-over-year to 14.98%; the TTM figure through Mar 2026 stood at 16.34% (up 504.0% YoY), while the FY2025 annual figure was 14.25%, down 24.0% from the prior year.
- FCF Margin was 14.98% for Q1 2026 at Las Vegas Sands, down from 25.49% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 29.31% in Q2 2023 to a low of 67.55% in Q1 2022.
- Historically, FCF Margin has averaged 3.02% across 5 years, with a median of 12.97% in 2023.
- The sharpest annual moves came in 2022 and 2023: FCF Margin tumbled 3082 bps in 2022, then jumped 8052 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 22.47% in 2022, then surged by 204 bps to 23.36% in 2023, then slumped by 46 bps to 12.71% in 2024, then soared by 101 bps to 25.49% in 2025, then plunged by 41 bps to 14.98% in 2026.
- The last three FCF Margin figures came in at 14.98% (Q1 2026), 25.49% (Q4 2025), and 26.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | -1.38% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | -2.09% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 180.71% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 3.76% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 29.49% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 8.87% |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 10.20% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | -0.95% |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 3.83% |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 14.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -6.31% |