Las Vegas Sands (LVS) FCF Margin (2009 - 2026)
Las Vegas Sands (LVS) posted FCF Margin of 11.1% for Q2 2026, down 25.92% on a QoQ basis from 14.98% in Q1 2026, and up 1450.0% year-over-year from 0.72% in Q2 2025.
Analysis
Las Vegas Sands (LVS) FCF Margin (2009 - 2026) Analysis & Trends
Las Vegas Sands has reported FCF Margin for 18 years, with the latest figure at 11.1% in Q2 2026.
- On a quarterly basis, FCF Margin rose 1450.0% year-over-year to 11.1% in Q2 2026; TTM through Jun 2026 was 19.7%, a 1429.0% increase from a year earlier, with the FY2025 full-year figure at 14.25%, down 24.0% from the prior year.
- FCF Margin was 11.1% for Q2 2026 at Las Vegas Sands, 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.
- Average FCF Margin over 5 years is 3.47%, with a median of 12.84% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 3082 bps in 2022, then surged 8052 bps in 2023.
- Over 5 years, FCF Margin stood at 22.47% in 2022, then soared by 204 bps to 23.36% in 2023, then sank by 46 bps to 12.71% in 2024, then jumped by 101 bps to 25.49% in 2025, then sank by 56 bps to 11.1% in 2026.
- The last three FCF Margin figures came in at 11.1% (Q2 2026), 14.98% (Q1 2026), and 25.49% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.90 Bn | 24.52 Bn | 1.81 Bn | 11.10% |
| 2 | MGM Resorts International | 10.33 Bn | 7.78 Bn | 3.10 Bn | 7.13% |
| 3 | Wynn Resorts | 9.08 Bn | 7.50 Bn | 1.14 Bn | 18.25% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 10.16% |
| 5 | Churchill Downs | 5.79 Bn | 5.59 Bn | 712.00 Mn | 18.16% |
| 6 | Boyd Gaming | 5.71 Bn | 5.39 Bn | 766.76 Mn | -16.00% |
| 7 | Red Rock Resorts | 3.17 Bn | 2.56 Bn | 420.02 Mn | 3.56% |
| 8 | PENN Entertainment | 2.28 Bn | 1.39 Bn | 1.02 Bn | 7.72% |
| 9 | Monarch Casino & Resort | 2.14 Bn | 2.00 Bn | 38.62 Mn | 17.94% |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | 11.18% |
Historic Data
Download Data
Historic 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% |