The Tip Desk

LAS VEGAS SANDS CORP

Company Stats

Market Cap
$24.5B
as of Sep 30, 2026
Enterprise Value
$36.4B
Shares Outstanding
647.7M
Free Float
47.1%

Income Statement

Revenue
$13.0B
Operating Income
$2.8B
Net Income
$1.6B
EBITDA
$4.3B
Revenue Growth, 3Y
46.9%
FCF Margin, 3Y Avg
16.7%
FCF Margin, Worst Year
14.3%

Cash Flow

Free Cash Flow
$1.9B
FCF Yield
7.6%
Owner FCF Yield
7.4%

Balance Sheet

Cash & Equivalents
$3.8B
Total Debt
$15.8B
Net Debt
$11.9B
Net Debt / EBITDA
2.79x
EV / EBITDA
8.51x
Net Debt / EBIT
4.23x

Returns & Capital

Dividends Paid
$833.0M
Dividend Yield
3.4%
Dividend Payout, 3Y Avg
39.0%
Share Repurchases
$2.2B
Buyback Yield, 3Y Avg
6.1%
SBC, 3Y Avg
$51.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$13.0B$1.9B14.3%
FY2024$11.3B$1.6B14.5%
FY2023$10.4B$2.2B21.3%
FY2022$4.1B-$1.6B-38.8%
FY2021$4.2B-$1.1B-25.3%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage