Las Vegas Sands LVS
NYSE LVS
$42.60 -0.73 (-1.68%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%