Reading the tape
NYSE: LVS
Las Vegas Sands Corp.
Consumer Cyclical · Gambling, Resorts & Casinos
Market Cap
$35.64B
52w High
$70.45
52w Low
$37.54
P/E
19.54
Volume
4.34M
Outstanding Shares
662.64M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 46.13%Revenue (TTM): 22.67%FCF (TTM): 96.28%P/FCF: 33rd pct
What changed
The stock rose 46.13% over the last year. Revenue grew 22.67% over the trailing twelve months. Operating margin moved from 21% to 24.64%. Free cash flow grew 96.28% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 33rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 24.64%. Revenue grew 22.67% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States.
CEOPatrick Dumont
SectorConsumer Cyclical
IndustryGambling, Resorts & Casinos
Employees39,900
IPO dateDec 15, 2004
Valuation
Forward P/E—
EV/EBITDA12.73
Enterprise value$57.27B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth25.26%
Gross margin26.7%▼23.34%vs FY2024
Operating margin24.64%▲8.72%vs FY2024
ROE102.33%▲104.09%vs FY2024
Analyst consensus
RatingBuy
Target price$69.70▲29.58%
30
Buy
19
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 22, 2026
Q3 FY26 · EPS est $0.78 · Revenue est $3.38B
View
Dividends
$1.10/shareQuarterlyEx-div May 5, 2026 · in 1dSafeLVS pays a dividend with a 2.04% declared yield, covered 2.1× by free cash flow.
Declared Yield
2.04%
Annual Div / Share
$1.10
TTM $1.05
5yr CAGR
-13.76%
Dividend has been cut
Payout Ratio
46.47%
Safe
Dividend Growth Rate
3yr CAGR
-13.76%
5yr CAGR
-13.76%
10yr CAGR
-9.21%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.10+22.2%
2025$0.90+12.5%
2024$0.80-74.2%
2019$3.10+2.6%
2018$3.02+2.7%
2017$2.94+1.7%
2016$2.89+8.2%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$20/yr
$2/mo
In 5 yrs
$20/yr
$2/mo
In 10 yrs
$20/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$20/yr $2/mo | $20/yr $2/mo | $20/yr $2/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -13.76% is negative, indicating the payout has been cut over this period.