TTM
16.9%
YoY change
−0.70pp
Trough year (2007)
-116.2%
Peak year (2017)
29.1%
Latest annual
13.7%
FCF Margin history chart for Las Vegas Sands (LVS) from 2000 to 2025
Latest: 13.7%
FCF Margin change chart for Las Vegas Sands (LVS) from 2000 to 2025
Latest: −0.70pp
FCF Margin history table for Las Vegas Sands (LVS) from 2000 to 2025
| 2025 | 13.7% | -0.70pp | ||
| 2024 | 14.4% | -4.62pp | ||
| 2023 | 19.0% | +57.31pp | ||
| 2022 | -38.3% | -18.86pp | ||
| 2021 | -19.5% | +66.90pp | ||
| 2020 | -86.4% | -102.58pp | ||
| 2019 | 16.2% | -11.11pp | ||
| 2018 | 27.3% | -1.79pp | ||
| 2017 | 29.1% | +6.06pp | ||
| 2016 | 23.1% | +6.55pp | ||
| 2015 | 16.5% | -8.54pp | ||
| 2014 | 25.1% | -0.33pp | ||
| 2013 | 25.4% | +10.93pp | ||
| 2012 | 14.5% | +2.19pp | ||
| 2011 | 12.3% | +15.17pp | ||
| 2010 | -2.9% | +28.96pp | ||
| 2009 | -31.9% | +51.60pp | ||
| 2008 | -83.5% | +32.72pp | ||
| 2007 | -116.2% | -21.32pp | ||
| 2006 | -94.9% | -79.32pp | ||
| 2005 | -15.5% | -7.83pp | ||
| 2004 | -7.7% | +12.93pp | ||
| 2003 | -20.6% | -12.64pp | ||
| 2002 | -8.0% | -8.00pp | ||
| 2001 | 0.0% | 0.00pp | ||
| 2000 | 0.0% | — |
- 202513.7%-0.70pp
- 202414.4%-4.62pp
- 202319.0%+57.31pp
- 2022-38.3%-18.86pp
- 2021-19.5%+66.90pp
- 2020-86.4%-102.58pp
- 201916.2%-11.11pp
- 201827.3%-1.79pp
- 201729.1%+6.06pp
- 201623.1%+6.55pp
- 201516.5%-8.54pp
- 201425.1%-0.33pp
- 201325.4%+10.93pp
- 201214.5%+2.19pp
- 201112.3%+15.17pp
- 2010-2.9%+28.96pp
- 2009-31.9%+51.60pp
- 2008-83.5%+32.72pp
- 2007-116.2%-21.32pp
- 2006-94.9%-79.32pp
- 2005-15.5%-7.83pp
- 2004-7.7%+12.93pp
- 2003-20.6%-12.64pp
- 2002-8.0%-8.00pp
- 20010.0%0.00pp
- 20000.0%—
FCF 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 FCF Margin at Las Vegas Sands (LVS)
According to Las Vegas Sands's latest reported financial statements, the company's latest reported free cash flow margin is 16.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow margin for Las Vegas Sands (LVS) came in at 13.67% – contracted 0.7 percentage points year-over-year.
2017 marks the peak free cash flow margin at 29.12%, with the historical low of -116.19% recorded in 2007.
Las Vegas Sands FCF Margin by Year
Las Vegas Sands FCF Margin 2025: 13.7%
Las Vegas Sands posted free cash flow margin of 13.67% in 2025, contracted 0.7 percentage points from 2024.
Las Vegas Sands FCF Margin 2024: 14.4%
In 2024, Las Vegas Sands reported free cash flow margin of 14.37%, contracted 4.6 percentage points from 2023.
Las Vegas Sands FCF Margin 2023: 19.0%
Las Vegas Sands free cash flow margin in 2023 was 18.99%, expanded 57.3 percentage points from 2022.
Las Vegas Sands FCF Margin 2022: -38.3%
2022's free cash flow margin for Las Vegas Sands came in at -38.32%, contracted 18.9 percentage points from 2021.
Las Vegas Sands FCF Margin 2021: -19.5%
Las Vegas Sands free cash flow margin in 2021 was -19.46%.
See more financial history for Las Vegas Sands (LVS).
Sector peers by FCF Margin
Consumer Cyclical peers of Las Vegas Sands (LVS), ranked by their latest free cash flow margin
| 32.6% | |
| 25.6% | |
| 24.0% | |
| 8.9% | |
| 8.6% | |
| 7.2% | |
| -0.3% | |
| -4.9% |
- 25.6%
- 24.0%
- 8.6%
- 7.2%
- -0.3%
- -4.9%
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