TTM
34.9%
YoY change
−1.33pp
Trough year (2020)
-10.2%
Peak year (2004)
58.0%
Latest annual
34.6%
EBITDA Margin history chart for Las Vegas Sands (LVS) from 2000 to 2025
Latest: 34.6%
EBITDA Margin change chart for Las Vegas Sands (LVS) from 2000 to 2025
Latest: −1.33pp
EBITDA Margin history table for Las Vegas Sands (LVS) from 2000 to 2025
| 2025 | 34.6% | -1.33pp | ||
| 2024 | 35.9% | -1.31pp | ||
| 2023 | 37.2% | +27.33pp | ||
| 2022 | 9.9% | +4.12pp | ||
| 2021 | 5.8% | +16.00pp | ||
| 2020 | -10.2% | -52.46pp | ||
| 2019 | 42.2% | +6.40pp | ||
| 2018 | 35.8% | -0.23pp | ||
| 2017 | 36.1% | +3.34pp | ||
| 2016 | 32.7% | -0.87pp | ||
| 2015 | 33.6% | -1.93pp | ||
| 2014 | 35.5% | +3.10pp | ||
| 2013 | 32.4% | +3.18pp | ||
| 2012 | 29.2% | -4.94pp | ||
| 2011 | 34.2% | +6.46pp | ||
| 2010 | 27.7% | +15.98pp | ||
| 2009 | 11.7% | -4.83pp | ||
| 2008 | 16.6% | -3.19pp | ||
| 2007 | 19.8% | -11.28pp | ||
| 2006 | 31.0% | -2.82pp | ||
| 2005 | 33.8% | -24.19pp | ||
| 2004 | 58.0% | +23.35pp | ||
| 2003 | 34.7% | +1.55pp | ||
| 2002 | 33.1% | +10.96pp | ||
| 2001 | 22.2% | -1.36pp | ||
| 2000 | 23.5% | — |
- 202534.6%-1.33pp
- 202435.9%-1.31pp
- 202337.2%+27.33pp
- 20229.9%+4.12pp
- 20215.8%+16.00pp
- 2020-10.2%-52.46pp
- 201942.2%+6.40pp
- 201835.8%-0.23pp
- 201736.1%+3.34pp
- 201632.7%-0.87pp
- 201533.6%-1.93pp
- 201435.5%+3.10pp
- 201332.4%+3.18pp
- 201229.2%-4.94pp
- 201134.2%+6.46pp
- 201027.7%+15.98pp
- 200911.7%-4.83pp
- 200816.6%-3.19pp
- 200719.8%-11.28pp
- 200631.0%-2.82pp
- 200533.8%-24.19pp
- 200458.0%+23.35pp
- 200334.7%+1.55pp
- 200233.1%+10.96pp
- 200122.2%-1.36pp
- 200023.5%—
EBITDA Margin values are taken from Las Vegas Sands's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Las Vegas Sands (LVS)
According to Las Vegas Sands's latest reported financial statements, the company's latest reported EBITDA margin is 34.9%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Las Vegas Sands (LVS) EBITDA margin is 34.56% – contracted 1.3 percentage points year-over-year.
58.04% stands as the all-time-high annual EBITDA margin, posted in 2004, against a low of -10.24% during 2020.
Las Vegas Sands EBITDA Margin by Year
Las Vegas Sands EBITDA Margin 2025: 34.6%
Las Vegas Sands EBITDA margin in 2025 was 34.56%, contracted 1.3 percentage points from 2024.
Las Vegas Sands EBITDA Margin 2024: 35.9%
2024's EBITDA margin for Las Vegas Sands came in at 35.89%, contracted 1.3 percentage points from 2023.
Las Vegas Sands EBITDA Margin 2023: 37.2%
Las Vegas Sands posted EBITDA margin of 37.21% in 2023, expanded 27.3 percentage points from 2022.
Las Vegas Sands EBITDA Margin 2022: 9.9%
In 2022, Las Vegas Sands reported EBITDA margin of 9.88%, expanded 4.1 percentage points from 2021.
Las Vegas Sands EBITDA Margin 2021: 5.8%
Las Vegas Sands EBITDA margin in 2021 was 5.76%.
See more financial history for Las Vegas Sands (LVS).
Sector peers by EBITDA Margin
Consumer Cyclical peers of Las Vegas Sands (LVS), ranked by their latest EBITDA margin
| 54.4% | |
| 34.4% | |
| 30.3% | |
| 23.1% | |
| 14.1% | |
| 14.0% | |
| 13.9% | |
| 10.7% |
- 54.4%
- 30.3%
- 23.1%
- 14.1%
- 14.0%
- 13.9%
- 10.7%
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