Las Vegas Sands (LVS) FCF Margin (2009 - 2026)
Las Vegas Sands (LVS) reported FCF Margin of 11.10% for Q2 2026, up 14.50 percentage points from -3.40% a year earlier but down 3.88 percentage points from the prior quarter.
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Analysis
Las Vegas Sands (LVS) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Las Vegas Sands' FCF Margin came in at 19.70%, up 14.29 percentage points year-over-year; for FY2025, it was 14.25%, down 0.24 percentage points from FY2024.
- FCF Margin has a five-year change of +96.50 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 14.49% in FY2024 (-6.82 pp), 21.31% in FY2023 (+60.12 pp), -38.81% in FY2022 (-13.51 pp) and -25.30% in FY2021 (+56.95 pp).
- Five-year quarterly FCF Margin spans a low of -67.55% in Q1 2022 and a high of 29.31% in Q2 2023.
- Year over year, FCF Margin has now increased in each of the last four quarters, with an average year-over-year change of -0.01 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was Q3 2021 (a gain of 92.87 percentage points); the low point was Q2 2022 (a drop of 30.82 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 14.98% (Q1 2026), 25.49% (Q4 2025) and 26.60% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 11.10% |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | 7.40% |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | 8.07% |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 20.67% |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | -6.20% |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 18.25% |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 7.13% |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 10.16% |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | - |
| 10 | Churchill Downs | 5.27 Bn | 4.55 Bn | 419.00 Mn | 18.16% |
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% |
API Access
Las Vegas Sands FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();