LVS Las Vegas Sands Corp. Common Stock
NYSE · Hotels, Restaurants & Leisure · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 24, 2026LVS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Las Vegas Sands Corp. Common Stock Company overview from Wikipedia
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.
The company holds several resorts in Asia, including Marina Bay Sands in Singapore, which opened in 2010. Through its majority-owned subsidiary Sands China, the company owns several properties in Macau, including Sands Macao, The Londoner Macao, The Venetian Macao, and The Parisian Macao. As of 2024, it is the second-largest casino company worldwide by revenue with $11.3 billion USD, ahead of Caesars Entertainment and trailing only MGM Resorts International.
History
Development on the Las Vegas Strip
Entrepreneur Sheldon G. Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel and Casino in 1989. Adelson and his partners financed their venture with investments in personal computers and trade shows, founding the computer trade show COMDEX in 1979. They opened the 1.2 million square foot Sands Expo and Convention Center, then the largest privately owned convention facility in the world, across from the hotel in 1990.
The Sands Hotel was unable to compete with newer resorts on the Las Vegas Strip and was demolished to make room for The Venetian. Construction of the Venetian began in 1997, funded by Adelson's sale of COMDEX. Modeled on Venice, Italy, it joined the ranks of themed hotels such as Excalibur, New York-New York, and Paris Las Vegas on the Las Vegas Strip. In 2004, Las Vegas Sands, Inc. went public, and its name was changed to the Las Vegas Sands Corp.
Construction on The Palazzo began in 2005. The Palazzo and The Venetian make up the world's largest hotel under one roof, at 7,000 all-suite rooms and 17 million square feet. The 43-story unfinished condominium skyscraper St. Regis Residences at the Venetian Palazzo is on the same campus. Construction halted in 2008 due to company financial issues.
The 2008 financial crisis forced Adelson to invest $1 billion of his own capital to keep the Las Vegas Sands in business, much of which the company spent developing event spaces and high-end retail stores in their properties By 2011, the Las Vegas Sands Corp.'s main profits came from renting convention space.
Expansion into Asia
The company soon recognized new commercial opportunities in Asia, specifically in Macau, the only Special Administrative Region of China where gambling is legal. Las Vegas Sands Corp., along with Wynn Resorts and Galaxy Entertainment Group, was one of the first to be granted a casino operating concession. Sands Macao resort, Macau's first American-operated casino, opened in 2004.
Las Vegas Sands Corp.'s future Macau properties were largely in Cotai, a district of reclaimed land created through public works projects and designated for hotels and casinos. The Venetian Macao, the second-largest in the world at 550,000 square feet, opened in 2007.
In 2008, Las Vegas Sands opened a Four Seasons hotel adjacent to the Venetian Macao. It was followed by The Londoner Macao, originally branded Sands Cotai Central, and The Parisian Macao.
Development plans proceeded in 2010 for Marina Bay Sands resort in Singapore, at $5.6 billion the most expensive hotel and casino ever built. The resort was designed by Israeli-Canadian architect Moshe Safdie and is composed of three 57-story towers connected at the top by a 3-acre SkyPark(R). The integrated resort was the second built in Singapore after Resorts World Sentosa. Eight months after opening, Marina Bay Sands set a record for posting a $600 million operating profit.
In September 2012, the Las Vegas Sands Corp. announced that Madrid had been chosen as destination for a casino resort project dubbed EuroVegas in an attempt to expand outside of Asia. In February 2013, the company named the town of Alcorcón, on the outskirts of Madrid, as the site for the EuroVegas project. Plans included six casinos, twelve hotels, a convention center, three golf courses, shopping centers, bars, and restaurants, and was expected to take 10 years to build. In December 2013 the EuroVegas project was officially canceled.
Recent history
In 2015, the Las Vegas Sands Corp. and California-based co-developer California-based Majestic Realty Co. proposed a $1.2 billion 65,000-seat stadium located near The Strip for the Oakland Raiders football team. The proposal required $420 million from private investors and $780 million in public funding, primarily from tourism. Despite Las Vegas Sands withdrawing from the project, the Raiders eventually moved into the stadium after relocating from Oakland.
The company's 2018 annual report anticipated "a significant and adverse effect" from the "proliferation of gaming venues, particularly in Southeast Asia."
In May 2019, the company sold Sands Bethlehem to the Poarch Band of Creek Indians for $1.3 billion, and it was renamed Wind Creek Bethlehem.
Las Vegas Sands was one of multiple bidders trying to open a commercial casino in Downstate New York. Las Vegas Sands had proposed building Sands New York, an integrated resort at the Nassau Coliseum site in Uniondale, New York, but withdrew their bid in April of 2025 due to the threat of New York legalizing online gambling. In the event that the state of Texas legalizes casinos, Las Vegas Sands hopes to build an integrated resort in Irving at the former site of Texas Stadium. Following backlash towards the project, Sands withdrew the casino component of the project. Las Vegas Sands confirmed that they are interested in developing an integrated resort in Thailand following the withdrawal of the Entertainment Complex Bill but stated that Thailand needed a clear framework if they were to legalize gambling.
In July 2025, Las Vegas Sands broke ground on an expansion of the Marina Bay Sands in Singapore which will be completed by 2031. The expansion will include a separate fourth hotel tower, an arena and added convention space.
In February 2026, Las Vegas Sands announced the appointment of Patrick Dumont as its new CEO and chairman, ahead of Robert Goldstein stepping down.
Finances
The COVID-19 pandemic negatively impacted the company's finances with a 97.1% decrease in revenue and a second-quarter fiscal loss of $985 million. In March 2021, two months after Sheldon G. Adelson's death, the company announced the sale of its Las Vegas properties to Vici Properties and its operations to Apollo Global Management. The sale was finalized in February 2022.
As of 2021, the Las Vegas Sands Corp. is headed by CEO Robert Glen Goldstein, and reported a 2020 annual revenue of $3.61 billion.
Political contributions
According to OpenSecrets, Las Vegas Sands donated $52.9 million to Republican candidates as the largest single contributor to federal campaigns during the 2012 election cycle. By comparison, Adelson Drug Clinic was the second-largest solely Republican contributor during the 2012 election cycle with $42.1 million donated. Since 1992, Las Vegas Sands has contributed $70.5 million to federal campaigns; since 1999 the company has spent $5.4 million on lobbying.
Miriam Adelson has been one of Donald Trump's top donors during all three of his presidential campaigns. Adelson has also provided financial support to the Zionist Organization of America, the Yad Vashem Holocaust museum and memorial in Jerusalem, and multiple U.S. groups that fundraise for the Israeli military.
Las Vegas Sands has actively been lobbying in Texas to get the state to legalize commercial casinos.
Initiatives
Las Vegas Sands has their own sustainability initiative roadmap called Sands ECO360, centered on identifying eco-friendly processes surrounding building development, resort management, and events.
One of the company's initiatives encourages resort staff to report possible water- or energy-conservation concerns.
Two buildings in Singapore are LEED certified, and several in Macau have received awards for Energy Saving Activities.
Properties
Las Vegas Sands holds integrated resorts in Asia including Marina Bay Sands in Singapore and through its majority-owned subsidiary Sands China Ltd. (SCL) owns several integrated resorts in Macao including The Venetian Macao, Sands Macao, The Plaza Macao and Four Seasons Hotel, The Londoner Macao and The Parisian Macao.
Current properties
Former properties
Ownership and stock
December 2004: Las Vegas Sands completed its initial public offering with the ticker LVS on the New York Stock Exchange at a price of $29 per share. 6.8% of the company was put on the market. Adelson maintained 87.9% ownership of the company; management and directors owned the remaining 5.3%.
October 2007: the company's market capitalization peaked at $52 billion at $144.56 a share.
September 2008: Las Vegas Sands' stock plummeted to $36.11, prompting Adelson and his wife, Dr. Miriam Adelson, to invest $475 million in the company through a 6.5% convertible note in 2013.
November 2008: The Adelson family again invested $525 million in Las Vegas Sands, with the company raising an additional $1 billion in a secondary offering. The Adelsons also purchased 5.25 million shares of preferred stock as well as warrants to purchase 87.5 million shares of common stock at an exercise price of $6 each.
March 2009: market capitalization sinks to approximately $1 billion at less than $2 a share due to general market declines and concern for the short-term financial health of the gambling industry.
November 2009: Las Vegas Sands completed an initial public offering of its subsidiary Sands China Ltd., which owns and operates its Macau properties. The company raised a total of $3.3 billion in equity capital by selling a 29% interest in Sands China Ltd.
2012: CEO Sheldon G. Adelson and his family owned approximately 53% of the company.
Aircraft
Las Vegas Sands operates private aircraft used primarily for charter transportation of executive directors and VIP guests of its properties. The Las Vegas Sands fleet is leased for charter purposes by Tradenda Capital AG (Lichtenstein), whose portfolio of companies includes Sands Aviation LLC and Interface Aviation LLC, the latter of which handles the personal affairs of the Adelson family. All operational Las Vegas Sands aircraft are based in Las Vegas at Harry Reid International Airport. The fleet includes the following aircraft (as of May 2025):
Gallery
Alleged anti-bribery violations
In March 2013, the New York Times reported that the Las Vegas Sands Corp. had informed the U.S. Securities and Exchange Commission that the company likely violated federal law against the bribery of foreign officials. The Company disputed these reports, stating in a press release:The company did not report any violations of the anti-bribery provisions of the FCPA, and it said news reports stating otherwise, such as the headline in today's New York Times which described the matter by saying 'Casino Says it Likely Cheated,' are both inflammatory and defamatory...in [the Company's] preliminary findings the company's Audit Committee had advised that there were 'likely violations' of the books and records and internal controls provisions (i.e. 'accounting provisions') of the FCPA. A potential violation of the accounting provisions could range anywhere from a single transaction recorded incorrectly to other errors in the accounting records. The company said it will vigorously defend itself against that type of uninformed and misleading reporting.
Legal issues
On May 31, 2016, Sands reached a financial settlement with former Sands China president Steve Jacobs, who sued the company in 2010 for breach of contract and wrongful termination. Terms of the settlement were not disclosed, but the Wall Street Journal reported that the company paid Jacobs more than $75 million. Jacobs had claimed he was dismissed for "blowing the whistle on improprieties" in Macau, including Jacobs' allegations that Adelson had instructed him to investigate senior Macau officials' potentially damaging financial and business information to use as leverage in future regulatory discussions. Adelson denied these allegations, characterizing Jacobs as a disgruntled ex-employee.
On March 14, 2019, Sands reached a financial settlement with Hong Kong businessman Richard Suen for an undisclosed amount after having sued Las Vegas Sands for the third time, arguing he was owed $347 million by the Company, who countered with $3.76 million. Terms of the settlement were not disclosed, but Sands attorney Richard Sauber said the parties had reached an "amicable settlement and resolution." Suen had successfully sued Sands twice in 2004 with the claim that he had been promised a $5 million success fee and 2% of Sands' profits from its operations in Macau in exchange for helping to obtain a Macau casino concession. The trials resulted in awards of $44 million and $70 million, respectively.
In June 2021, the Company was sued in a Macau court by Asian American Entertainment Corporation, who alleged entitlement to $70 million in Las Vegas Sands' profits in Macau as the company began operating there in 2002.
Prior to the November 2022 elections, Las Vegas Sands conducted a petition drive in Florida, spending $49.5 million to amend the State's Constitution to expand casino gambling. The state of Florida is investigating evidence of potentially fraudulent signatures collected during this event.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 14.15Y avg ≈15.0 | ≈15.0 | 23.1 | Undervalued | |
| P/S (TTM) | 1.75Y avg ≈5.2 | ≈5.2 | 1.4 | Overvalued | |
| P/B (MRQ) | 40.45Y avg ≈14.7 | ≈14.7 | 3.7 | Overvalued | |
| Price / FCF (TTM) | 8.75Y avg ≈2.6 | ≈2.6 | · | · | |
| Price / Cash Flow (TTM) | 6.35Y avg ≈-24.0 | ≈-24.0 | 9.3 | Overvalued | |
| Price / Tangible Book | 24.05Y avg ≈18.7 | ≈18.7 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 21.5%5Y avg ≈5.9% | ≈5.9% | 16.6% | Top tier | |
| EBITDA Margin | 21.6%5Y avg ≈5.9% | ≈5.9% | 17.8% | In line | |
| Pretax Margin (TTM) | 17.1%5Y avg ≈-3.4% | ≈-3.4% | 11.7% | Top tier | |
| Net Profit Margin (TTM) | 12.6%5Y avg ≈11.8% | ≈11.8% | 7.1% | Top tier | |
| ROA (TTM) | 8.3%5Y avg ≈4.8% | ≈4.8% | 3.5% | Top tier | |
| ROE (TTM) | 134.3%5Y avg ≈33.6% | ≈33.6% | 18.5% | Top tier | |
| ROIC | 149.4%5Y avg ≈42.4% | ≈42.4% | 10.3% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.05Y avg ≈1.4 | ≈1.4 | 0.9 | In line | |
| Quick Ratio | 1.15Y avg ≈1.1 | ≈1.1 | 0.7 | Strong liquidity | |
| Interest Coverage | 3.85Y avg ≈1.5 | ≈1.5 | 2.5 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 15.2%5Y avg ≈43.5% | ≈43.5% | · | · | |
| Revenue CAGR 3Y | 46.9%5Y avg ≈45.9% | ≈45.9% | · | · | |
| Revenue CAGR 5Y | 34.7% | · | · | · | |
| EPS YoY | 19.9%5Y avg ≈3.0% | ≈3.0% | · | · | |
| Net Income YoY | 12.5%5Y avg ≈-0.80% | ≈-0.80% | · | · | |
| EPS CAGR 3Y | -0.70% | · | · | · | |
| Net Income CAGR 3Y | -3.9% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LVS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.4 | ≈0.4 | 0.6 | In line | |
| Receivables Turnover | 22.55Y avg ≈22.3 | ≈22.3 | 29.8 | Weak | |
| Revenue / Employee | ≈$317.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 4, 2026 | $0.30 | USD | ≈2.5% |
| May 5, 2026 | $0.30 | USD | ≈2.1% |
| Feb 9, 2026 | $0.30 | USD | ≈1.8% |
| Nov 4, 2025 | $0.25 | USD | ≈1.6% |
| Aug 5, 2025 | $0.25 | USD | ≈1.8% |
| May 6, 2025 | $0.25 | USD | ≈2.3% |
| Feb 10, 2025 | $0.25 | USD | ≈2.0% |
| Nov 5, 2024 | $0.20 | USD | ≈1.6% |
| Aug 6, 2024 | $0.20 | USD | ≈2.1% |
| May 6, 2024 | $0.20 | USD | ≈1.7% |
| Feb 5, 2024 | $0.20 | USD | ≈1.2% |
| Nov 6, 2023 | $0.20 | USD | ≈0.81% |
| Aug 7, 2023 | $0.20 | USD | ≈0.34% |
| Mar 17, 2020 | $0.79 | USD | ≈7.6% |
| Dec 16, 2019 | $0.77 | USD | ≈4.5% |
| Sep 17, 2019 | $0.77 | USD | ≈5.2% |
| Jun 18, 2019 | $0.77 | USD | ≈5.1% |
| Mar 19, 2019 | $0.77 | USD | ≈5.1% |
| Dec 17, 2018 | $0.75 | USD | ≈5.7% |
| Sep 18, 2018 | $0.75 | USD | ≈4.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 21, 2026 | $0.59 | $0.76 | -21.9% |
| March 31, 2026 | $0.91 | $0.76 | 19.0% | |
| Dec. 31, 2025 | $0.85 | $0.77 | 10.9% | |
| Sept. 30, 2025 | $0.78 | $0.61 | 28.5% | |
| June 30, 2025 | $0.79 | $0.53 | 48.2% | |
| March 31, 2025 | $0.59 | $0.57 | 2.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.02B | $11.30B | $10.37B | $4.11B | $4.23B | $2.94B | $12.13B | $13.73B | $12.73B | $11.27B | $11.69B | $14.58B | |
| R&D Expense | $269M | $228M | $205M | $143M | $109M | · | · | · | · | · | · | · | |
| SG&A Expense | $1.19B | $1.15B | $1.11B | $936M | $831M | $798M | $1.12B | $1.48B | $1.42B | $1.29B | $1.27B | $1.26B | |
| Operating Expenses | $10.20B | $8.90B | $8.06B | $4.90B | $4.92B | $4.33B | $8.76B | $9.98B | $9.26B | $8.77B | $8.85B | $10.48B | |
| Operating Income | $2.82B | $2.40B | $2.31B | $-792M | $-689M | $-1.39B | $3.37B | $3.75B | $3.46B | $2.50B | $2.84B | $4.10B | |
| Interest Expense | $746M | $727M | $818M | $702M | $621M | $523M | $449M | $446M | $327M | $274M | $265M | $274M | |
| Other Non-op | $-15M | $10M | $-8M | $-9M | $-31M | $19M | $56M | $26M | $-94M | $31M | $31M | $2M | |
| Pretax Income | $2.21B | $1.96B | $1.77B | $-1.39B | $-1.47B | $-1.88B | $3.60B | $3.33B | $3.05B | $2.26B | $2.62B | $3.83B | |
| Income Tax | $347M | $208M | $344M | $154M | $-5M | $24M | $432M | $375M | $-209M | $239M | $236M | $245M | |
| Net Income | $1.63B | $1.45B | $1.22B | $1.83B | $-961M | $-1.69B | $2.70B | $2.41B | $2.81B | $1.68B | $1.97B | $2.84B | |
| EPS (Basic) | $2.35 | $1.97 | $1.60 | $2.40 | $-1.26 | $-2.21 | $3.50 | $3.07 | $3.55 | $2.11 | $2.47 | $3.52 | |
| EPS (Diluted) | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 | $-2.21 | $3.50 | $3.07 | $3.55 | $2.11 | $2.47 | $3.52 | |
| Shares (Basic) | 691,000,000 | 735,000,000 | 763,000,000 | 764,000,000 | 764,000,000 | 764,000,000 | 771,000,000 | 786,000,000 | 792,000,000 | 795,000,000 | 797,000,000 | 806,000,000 | |
| Shares (Diluted) | 693,000,000 | 737,000,000 | 765,000,000 | 764,000,000 | 764,000,000 | 764,000,000 | 771,000,000 | 786,000,000 | 792,000,000 | 795,000,000 | 798,000,000 | 808,000,000 | |
| EBITDA | $2.82B | $2.40B | $2.31B | $-792M | $-689M | $-1.69B | $3.70B | $3.75B | $3.46B | $2.49B | $2.84B | $4.10B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.84B | $3.65B | $5.11B | $6.31B | $1.85B | $2.08B | $4.23B | $4.65B | $2.42B | $2.13B | $2.18B | $3.51B | |
| Receivables | $742M | $417M | $484M | $267M | $202M | $252M | $844M | $726M | $615M | $776M | $1.27B | $1.51B | |
| Inventory | $46M | $41M | $38M | $28M | $22M | $22M | $37M | $35M | $37M | $46M | $43M | $42M | |
| Prepaid Expense | $203M | $182M | $150M | $138M | $113M | $113M | $182M | $144M | $115M | $138M | $111M | $125M | |
| Current Assets | $4.83B | $4.29B | $5.78B | $6.74B | $5.51B | $5.71B | $5.30B | $5.57B | $3.20B | $3.10B | $3.61B | $5.19B | |
| PP&E (Net) | $11.67B | $11.99B | $11.44B | $11.45B | $11.85B | $12.28B | $14.84B | $15.15B | $15.52B | $15.90B | $15.73B | $15.37B | |
| PP&E (Gross) | $24.88B | $23.83B | $22.65B | $21.70B | $21.29B | $20.91B | $24.86B | $24.41B | $24.01B | $23.37B | $22.24B | $21.06B | |
| Accum. Depreciation | $13.21B | $11.84B | $11.21B | $10.25B | $9.44B | $8.63B | $10.02B | $9.26B | $8.49B | $7.47B | $6.50B | $5.68B | |
| Goodwill | $103M | $102M | $103M | $10M | · | · | · | · | · | · | · | · | |
| Intangibles | $470M | $443M | $495M | $54M | $19M | $25M | $42M | $72M | $89M | $103M | $71M | $86M | |
| Other Non-current Assets | $386M | $325M | $276M | $231M | $217M | $221M | $454M | $189M | $155M | $155M | $165M | $122M | |
| Total Assets | $21.92B | $20.67B | $21.78B | $22.04B | $20.06B | $20.81B | $23.20B | $22.55B | $20.69B | $20.47B | $20.86B | $22.21B | |
| Accounts Payable | $190M | $164M | $167M | $89M | $77M | $89M | $149M | $178M | $171M | $128M | $111M | $113M | |
| Current Liabilities | $4.22B | $5.80B | $4.42B | $3.90B | $2.56B | $2.82B | $3.22B | $3.16B | $2.96B | $2.81B | $2.46B | $2.70B | |
| Capital Leases | $167M | $172M | $252M | $157M | $154M | $153M | $305M | · | · | · | · | · | |
| Deferred Tax | $174M | $188M | $187M | $152M | $173M | $188M | $183M | $191M | $206M | $200M | $202M | $194M | |
| Other Non-current Liabilities | $934M | $925M | $936M | $382M | $352M | $336M | $513M | $179M | $147M | $126M | $113M | $125M | |
| Total Liabilities | $19.99B | $17.51B | $17.67B | $18.38B | $17.81B | $17.27B | $16.69B | $15.80B | $13.06B | $12.97B | $12.45B | $13.33B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $829.0K | |
| Paid-in Capital | $6.16B | $6.25B | $6.48B | $6.68B | $6.65B | $6.61B | $6.57B | $6.68B | $6.58B | $6.52B | $6.49B | $6.43B | |
| Retained Earnings | $4.39B | $3.46B | $2.60B | $1.68B | $-148M | $813M | $3.10B | $2.77B | $2.71B | $2.22B | $2.84B | $2.95B | |
| Treasury Stock | $9.03B | $6.76B | $4.99B | $4.48B | $4.48B | $4.48B | $4.48B | $3.73B | $2.82B | $2.44B | $2.44B | $2.24B | |
| AOCI | $71M | $-58M | $27M | $-7M | $-22M | $29M | · | · | · | · | · | · | |
| Stockholders' Equity | $1.59B | $2.88B | $4.12B | $3.88B | $2.00B | $2.97B | $5.19B | $5.68B | $6.49B | $6.18B | $6.82B | $7.21B | |
| Liabilities + Equity | $21.92B | $20.67B | $21.78B | $22.04B | $20.06B | $20.81B | $23.20B | $22.55B | $20.69B | $20.47B | $20.86B | $22.35B | |
| Shares Outstanding | 675,000,000 | 716,000,000 | 753,448,656 | 764,247,283 | 763,989,752 | 763,842,938 | 763,484,915 | 775,463,214 | 789,484,987 | 794,960,092 | 794,645,310 | 798,258,172 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.46B | $1.31B | $1.21B | $1.04B | $1.04B | $997M | $1.02B | $1.11B | $1.17B | $1.11B | $999M | $1.03B | |
| Stock-based Comp | $54M | $55M | $44M | $39M | $22M | $22M | $35M | $30M | $34M | $34M | $46M | $48M | |
| Deferred Tax | $-60M | $4M | $44M | $-2M | $-45M | $24M | $146M | $113M | $-497M | $24M | $19M | $-3M | |
| Amort. of Intangibles | $77M | $68M | $67M | $17M | $18M | $17M | $17M | $16M | $16M | $15M | $14M | $15M | |
| Operating Cash Flow | $3.02B | $3.20B | $3.23B | $-944M | $-243M | $-1.19B | $2.80B | $4.70B | $4.54B | $4.04B | $3.46B | $4.83B | |
| CapEx | $1.17B | $1.57B | $1.02B | $651M | $828M | $1.23B | $1.02B | $949M | $837M | $1.40B | $1.53B | $1.18B | |
| Investing Cash Flow | $-1.22B | $-1.58B | $-1.25B | · | · | $-1.33B | $-103M | $-930M | $-822M | $-1.44B | · | · | |
| Debt Issued | $6.78B | $1.75B | $0 | $1.20B | $2.70B | $1.95B | $4.00B | $7.59B | $654M | $2.30B | · | · | |
| Net Debt Issued | $6.78B | $1.75B | $0 | $1.20B | $2.70B | $1.95B | $4.00B | $7.59B | · | · | · | · | |
| Stock Repurchased | $2.22B | $1.75B | $505M | $0 | $0 | $0 | $754M | $905M | $375M | $0 | $205M | $1.68B | |
| Net Stock Activity | $-2.22B | $-1.75B | $-505M | · | $0 | $0 | $-754M | $-905M | $-375M | $0 | $-205M | $-1.68B | |
| Dividends Paid | $833M | $590M | $305M | $0 | $0 | $911M | $3.00B | $2.98B | $2.94B | $2.92B | $2.71B | · | |
| Financing Cash Flow | $-1.64B | $-3.06B | $-3.19B | · | · | $560M | $-3.37B | $-1.52B | $-3.49B | $-2.63B | · | · | |
| Net Change in Cash | $191M | $-1.45B | $-1.21B | $4.51B | $-212M | $-2.10B | $-419M | $2.23B | $292M | $-49M | $-1.33B | $-94M | |
| Taxes Paid | $271M | $222M | $176M | $649M | $86M | $196M | $253M | $264M | $230M | $204M | $226M | $188M | |
| Free Cash Flow | $1.85B | $1.64B | $2.21B | $-1.59B | $-1.07B | $-2.64B | $1.82B | $3.75B | $3.71B | $2.65B | $1.92B | $3.65B | |
| Levered FCF | $1.23B | $987M | $1.55B | $-2.37B | $-1.69B | $-3.17B | $1.34B | $3.36B | $3.36B | $2.40B | $1.68B | $3.40B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 21.6% | 21.3% | 22.3% | -19.3% | -16.3% | -46.7% | 26.9% | 27.3% | 26.9% | 21.9% | 24.3% | 28.1% | |
| Net Margin | 12.5% | 12.8% | 11.8% | 44.6% | -22.7% | -46.7% | 19.6% | 17.6% | 21.8% | 14.6% | 16.8% | 19.5% | |
| Pretax Margin | 17.0% | 17.3% | 17.1% | -33.8% | -34.8% | -60.4% | 27.5% | 24.2% | 23.7% | 19.8% | 22.4% | 26.3% | |
| EBITDA Margin | 21.6% | 21.3% | 22.3% | -19.3% | -16.3% | -46.7% | 26.9% | 27.3% | 26.9% | 21.9% | 24.3% | 28.1% | |
| ROA | 7.6% | 6.8% | 5.6% | 8.7% | -4.7% | -7.7% | 11.8% | 11.2% | 13.6% | 8.1% | 9.1% | 12.6% | |
| ROE | 72.7% | 41.3% | 30.5% | 62.3% | -38.7% | -41.3% | 49.6% | 39.6% | 44.3% | 25.7% | 28.0% | 38.2% | |
| ROIC | 149.4% | 74.5% | 45.3% | -22.7% | -34.4% | -55.8% | 62.5% | 58.6% | 57.0% | 36.1% | 37.9% | 53.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 0.7 | 1.3 | 1.7 | 2.1 | 1.1 | 1.6 | 1.8 | 1.1 | 1.1 | 1.5 | 1.9 | |
| Quick Ratio | 1.1 | 0.7 | 1.3 | 1.7 | 0.8 | 1.1 | 1.6 | 1.7 | 1.0 | 1.0 | 1.4 | 1.8 | |
| Interest Coverage | 3.8 | 3.3 | 2.8 | -1.1 | -1.1 | -3.1 | 6.7 | 8.4 | 10.6 | 9.1 | 10.7 | 15.0 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.5 | 0.5 | 0.2 | 0.2 | 0.2 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | |
| Receivables Turnover | 22.5 | 25.1 | 27.6 | 17.5 | 18.7 | 6.1 | 17.5 | 20.5 | 18.5 | 11.2 | 8.4 | 8.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.36 | $4.03 | $5.47 | $5.08 | $2.61 | $3.89 | $6.79 | $7.33 | $8.23 | $7.77 | $8.58 | $9.04 | |
| Revenue / Share | $18.78 | $15.33 | $13.56 | $5.38 | $5.54 | $4.73 | $17.82 | $17.47 | $16.27 | $14.35 | $14.65 | $18.05 | |
| Cash Flow / Share | $4.36 | $4.35 | $4.22 | $-1.24 | $-0.32 | $-1.72 | $3.94 | $5.98 | $5.74 | $5.09 | $4.33 | $5.98 | |
| Cash / Share | $5.69 | $5.10 | $6.78 | $8.26 | $2.43 | $2.78 | $5.53 | $6.00 | $3.07 | $2.68 | $2.74 | $4.39 | |
| Dividend / Share | $1.00 | $0.80 | $0.40 | · | · | $0.79 | $3.08 | $3.00 | $2.92 | $2.88 | $2.60 | $2.00 | |
| EPS (TTM) | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 | $-2.21 | $3.50 | $3.07 | $3.55 | $2.11 | $2.47 | $3.52 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 15.2% | 8.9% | 152.4% | -2.9% | 44.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 46.9% | 38.7% | 52.2% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 34.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 19.9% | 22.5% | -33.3% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -0.70% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 12.5% | 18.4% | -33.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -3.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -1.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13.02B | $11.30B | $10.37B | $4.11B | $4.23B | $2.94B | $12.13B | $13.73B | $12.73B | $11.27B | $11.69B | $14.58B | |
| Net Income TTM | $1.63B | $1.45B | $1.22B | $1.83B | $-961M | $-1.69B | $2.70B | $2.41B | $2.81B | $1.68B | $1.97B | $2.84B | |
| Market Cap | $43.94B | $36.77B | $37.06B | $36.73B | $28.76B | $45.53B | $52.75B | $40.34B | $54.83B | $42.46B | $34.84B | $46.43B | |
| P/E | 27.7 | 26.2 | 30.8 | 20.0 | -29.9 | -27.0 | 19.7 | 17.0 | 19.6 | 25.3 | 17.7 | 16.5 | |
| P/S | 3.4 | 3.3 | 3.6 | 8.9 | 6.8 | 15.5 | 4.3 | 2.9 | 4.3 | 3.8 | 3.0 | 3.2 | |
| P/B | 27.6 | 12.8 | 9.0 | 9.5 | 14.4 | 15.3 | 10.2 | 7.1 | 8.4 | 6.9 | 5.1 | 6.4 | |
| P / Tangible Book | 43.2 | 15.7 | 10.5 | 9.6 | 14.5 | 15.4 | · | · | · | · | · | · | |
| P / Cash Flow | 14.5 | 11.5 | 11.5 | -38.9 | -118.3 | -34.7 | 17.4 | 8.6 | 12.1 | 10.5 | 10.1 | 9.6 | |
| P / FCF | 23.7 | 22.5 | 16.8 | -23.0 | -26.9 | -17.2 | 28.9 | 10.8 | 14.8 | 16.1 | 18.1 | 12.7 | |
| Dividend Yield | 1.9% | 1.6% | 0.82% | 0.00% | 0.00% | 2.0% | 5.7% | 7.4% | 5.4% | 6.9% | 7.8% | · | |
| Earnings Yield | 3.6% | 3.8% | 3.2% | 5.0% | -3.4% | -3.7% | 5.1% | 5.9% | 5.1% | 4.0% | 5.6% | 6.0% | |
| Payout Ratio | 51.2% | 40.8% | 25.0% | 0.00% | 0.00% | -54.1% | 111.2% | 123.5% | 104.9% | · | · | · | |
| Annual Payout | $833M | $590M | $305M | $0 | $0 | $911M | $3.00B | $2.98B | $2.94B | $2.92B | $2.71B | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $3.58B | $3.65B | $3.33B | $3.17B | $2.86B | $2.90B | $2.68B | $2.76B | $2.96B | $2.92B | $2.79B | $2.54B | $2.12B | $1.12B | $1.00B | |
| R&D Expense | $43M | $41M | $59M | $72M | $69M | $69M | $59M | $55M | $61M | $53M | $65M | $44M | $54M | $42M | · | · | |
| SG&A Expense | $331M | $302M | $315M | $308M | $292M | $273M | $303M | $293M | $268M | $286M | $287M | $290M | $279M | $251M | $242M | $238M | |
| Operating Expenses | $2.54B | $2.68B | $2.94B | $2.61B | $2.39B | $2.25B | $2.31B | $2.18B | $2.17B | $2.24B | $2.21B | $2.11B | $2.00B | $1.74B | $1.28B | $1.18B | |
| Operating Income | $618M | $904M | $707M | $719M | $783M | $609M | $590M | $504M | $591M | $717M | $710M | $688M | $537M | $378M | $-166M | $-177M | |
| Interest Expense | $189M | $188M | $191M | $187M | $194M | $174M | $180M | $179M | $186M | $182M | $190M | $200M | $210M | $218M | $201M | $183M | |
| Other Non-op | $1M | $-3M | $-3M | $11M | $-22M | $-1M | $-6M | $11M | $11M | $-6M | $9M | $4M | $14M | $-35M | $20M | $2M | |
| Pretax Income | $461M | $748M | $551M | $582M | $609M | $471M | $461M | $403M | $496M | $600M | $592M | $571M | $417M | $195M | $-287M | $-320M | |
| Income Tax | $88M | $107M | $103M | $91M | $90M | $63M | $69M | $50M | $72M | $17M | $123M | $122M | $49M | $50M | $-18M | $60M | |
| Net Income | $346M | $567M | $395M | $419M | $461M | $352M | $324M | $275M | $353M | $494M | $382M | $380M | $312M | $147M | $-169M | $-239M | |
| EPS (Basic) | $0.53 | $0.85 | $0.59 | $0.61 | $0.66 | $0.49 | $0.45 | $0.38 | $0.48 | $0.66 | $0.50 | $0.50 | $0.41 | $0.19 | $-0.22 | $-0.31 | |
| EPS (Diluted) | $0.53 | $0.85 | $0.58 | $0.61 | $0.66 | $0.49 | $0.45 | $0.38 | $0.48 | $0.66 | $0.50 | $0.50 | $0.41 | $0.19 | $-0.22 | $-0.31 | |
| Shares (Basic) | 654,000,000 | 669,000,000 | · | 682,000,000 | 695,000,000 | 712,000,000 | · | 730,000,000 | 740,000,000 | 750,000,000 | · | 764,000,000 | 764,000,000 | 764,000,000 | · | 764,000,000 | |
| Shares (Diluted) | 656,000,000 | 671,000,000 | · | 685,000,000 | 696,000,000 | 713,000,000 | · | 731,000,000 | 741,000,000 | 752,000,000 | · | 766,000,000 | 767,000,000 | 766,000,000 | · | 764,000,000 | |
| EBITDA | $618M | $904M | · | $719M | $783M | $609M | · | $504M | $591M | $717M | · | $688M | $537M | $378M | · | $-177M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.38B | $3.33B | $3.84B | $3.35B | $3.45B | $3.04B | $3.65B | $4.21B | $4.71B | $4.96B | · | $5.57B | $5.77B | $6.53B | · | $5.84B | |
| Receivables | $622M | $677M | $742M | $548M | $533M | $435M | $417M | $413M | $436M | $420M | · | $390M | $336M | $328M | · | $210M | |
| Inventory | $46M | $46M | $46M | $45M | $40M | $41M | $41M | $41M | $37M | $39M | · | $35M | $32M | $28M | · | $23M | |
| Prepaid Expense | $253M | $213M | $203M | $206M | $240M | $209M | $182M | $163M | $148M | $141M | · | $173M | $154M | $127M | · | $138M | |
| Current Assets | $4.30B | $4.27B | $4.83B | $4.15B | $4.26B | $3.72B | $4.29B | $4.83B | $5.33B | $5.56B | · | $6.17B | $6.29B | $7.01B | · | $6.21B | |
| PP&E (Net) | $11.47B | $11.44B | $11.67B | $11.91B | $12.04B | $12.06B | $11.99B | $12.06B | $11.37B | $11.27B | · | $11.59B | $11.59B | $11.33B | · | $11.28B | |
| PP&E (Gross) | · | · | $24.88B | · | · | · | $23.83B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $13.21B | · | · | · | $11.84B | · | · | · | · | · | · | · | · | · | |
| Goodwill | · | · | $103M | $103M | $103M | $102M | $102M | · | · | · | · | $102M | $110M | · | · | · | |
| Intangibles | · | · | $470M | $489M | $538M | $558M | $443M | · | · | · | · | $507M | · | · | · | · | |
| Other Non-current Assets | $351M | $369M | $386M | $390M | $417M | $442M | $325M | $301M | $267M | $263M | · | $264M | $244M | $260M | · | $220M | |
| Total Assets | $19.91B | $21.18B | $21.92B | $21.50B | $21.85B | $21.25B | $20.67B | $21.35B | $21.11B | $21.25B | $21.78B | $22.12B | $22.27B | $22.71B | $22.04B | $21.47B | |
| Accounts Payable | $150M | $159M | $190M | $168M | $162M | $151M | $164M | $139M | $149M | $156M | · | $150M | $135M | $108M | · | $91M | |
| Current Liabilities | $4.31B | $4.63B | $4.22B | $4.67B | $3.50B | $6.25B | $5.80B | $5.35B | $3.37B | $4.27B | · | $4.10B | $2.27B | $3.92B | · | $3.39B | |
| Capital Leases | · | · | $167M | · | · | · | $172M | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | $159M | $165M | $174M | $174M | $183M | $185M | $188M | $185M | $173M | $175M | · | $150M | $145M | $146M | · | $150M | |
| Other Non-current Liabilities | $848M | $870M | $934M | $938M | $987M | $917M | $925M | $888M | $869M | $864M | · | $844M | $842M | $850M | · | $368M | |
| Total Liabilities | $19.01B | $19.57B | $19.99B | $19.64B | $19.57B | $18.21B | $17.51B | $17.71B | $17.22B | $17.22B | · | $17.67B | $18.11B | $18.89B | · | $17.69B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Paid-in Capital | $6.19B | $6.18B | $6.16B | $5.89B | $6.09B | $6.31B | $6.25B | $6.37B | $6.51B | $6.49B | · | $6.72B | $6.71B | $6.69B | · | $6.67B | |
| Retained Earnings | $4.90B | $4.75B | $4.39B | $4.16B | $3.91B | $3.63B | $3.46B | $3.28B | $3.15B | $2.94B | · | $2.37B | $2.14B | $1.83B | · | $1.85B | |
| Treasury Stock | $10.57B | $9.77B | $9.03B | $8.53B | $8.02B | $7.21B | $6.76B | $6.30B | $5.85B | $5.45B | · | $4.48B | $4.48B | $4.48B | · | $4.48B | |
| AOCI | $57M | $38M | $71M | $49M | $4M | $-24M | $-58M | $84M | $-53M | $-38M | · | $-57M | $-41M | $11M | · | $-148M | |
| Stockholders' Equity | $581M | $1.20B | $1.59B | $1.57B | $1.99B | $2.70B | $2.88B | $3.43B | $3.75B | $3.95B | · | $4.55B | $4.33B | $4.06B | · | $3.90B | |
| Liabilities + Equity | $19.91B | $21.18B | $21.92B | $21.50B | $21.85B | $21.25B | $20.67B | $21.35B | $21.11B | $21.25B | · | $22.12B | $22.27B | $22.71B | · | $21.47B | |
| Shares Outstanding | 648,000,000 | 663,000,000 | 675,000,000 | 678,000,000 | 687,000,000 | 707,000,000 | 716,000,000 | 725,000,000 | 736,000,000 | 745,000,000 | 753,448,656 | 764,000,000 | 764,000,000 | 764,000,000 | 764,247,283 | 764,000,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $350M | $357M | $363M | $368M | $371M | $362M | $348M | $324M | $316M | $320M | $333M | $313M | $288M | $274M | $256M | $260M | |
| Stock-based Comp | $13M | $24M | $15M | $14M | $14M | $11M | $13M | $13M | $15M | $14M | $11M | $11M | $11M | $11M | $9M | $10M | |
| Deferred Tax | $4M | $-6M | $-4M | $-31M | $-19M | $-6M | $20M | $-2M | $-4M | $-10M | $39M | $15M | $0 | $-10M | $26M | $19M | |
| Amort. of Intangibles | · | · | $20M | $20M | $19M | $18M | $17M | $17M | $17M | $17M | $16M | $17M | $17M | $17M | $2M | $7M | |
| Operating Cash Flow | $682M | $731M | $1.20B | $1.11B | $178M | $526M | $915M | $761M | $814M | $714M | $1.01B | $839M | $941M | $441M | $-104M | $-150M | |
| CapEx | $332M | $194M | $274M | $229M | $286M | $379M | $547M | $539M | $285M | $196M | $325M | $330M | $196M | $166M | $147M | $169M | |
| Investing Cash Flow | $946M | $-186M | $-266M | $-211M | $-286M | $-454M | $-550M | $-541M | $-288M | $-200M | $-329M | $-324M | $-419M | $-182M | · | · | |
| Debt Issued | $1.19B | $797M | $0 | $0 | $3.98B | $2.80B | $0 | $0 | $1.75B | $0 | $0 | $0 | $0 | $0 | $500M | $0 | |
| Net Debt Issued | · | $797M | · | · | · | $2.80B | · | · | · | · | · | · | · | $0 | · | · | |
| Stock Repurchased | $788M | $753M | $501M | $500M | $800M | $416M | $450M | $450M | $400M | $450M | $505M | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | $-753M | · | · | · | $-416M | · | · | · | $-450M | · | · | · | · | · | · | |
| Dividends Paid | $328M | $202M | $169M | $239M | $246M | $179M | $145M | $146M | $148M | $151M | $152M | $153M | $0 | $0 | $0 | · | |
| Financing Cash Flow | $-1.58B | $-1.04B | $-451M | $-1.01B | $512M | $-692M | $-879M | $-773M | $-769M | $-639M | $-1.18B | $-703M | $-1.27B | $-36M | · | · | |
| Net Change in Cash | $46M | $-511M | $488M | $-97M | $414M | $-614M | $-558M | $-503M | $-244M | $-149M | $-469M | $-194M | $-764M | $220M | $311M | $-343M | |
| Taxes Paid | $151M | $58M | $39M | $97M | $101M | $34M | $16M | $91M | $84M | $31M | $32M | $58M | $61M | $25M | $155M | $150M | |
| Free Cash Flow | · | $537M | · | · | · | $147M | · | · | · | $518M | · | · | · | $275M | · | · | |
| Levered FCF | · | $376M | · | · | · | $-4M | · | · | · | $341M | · | · | · | $113M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 19.6% | 25.2% | · | 21.6% | 24.7% | 21.3% | · | 18.8% | 21.4% | 24.2% | · | 24.6% | 21.1% | 17.8% | · | -17.6% | |
| Net Margin | 11.0% | 15.8% | · | 12.6% | 14.5% | 12.3% | · | 10.2% | 12.8% | 16.7% | · | 13.6% | 12.3% | 6.9% | · | -23.8% | |
| Pretax Margin | 14.6% | 20.9% | · | 17.5% | 19.2% | 16.5% | · | 15.0% | 18.0% | 20.3% | · | 20.4% | 16.4% | 9.2% | · | -31.8% | |
| EBITDA Margin | 19.6% | 25.2% | · | 21.6% | 24.7% | 21.3% | · | 18.8% | 21.4% | 24.2% | · | 24.6% | 21.1% | 17.8% | · | -17.6% | |
| ROA | 1.7% | 2.7% | · | 2.0% | 2.1% | 1.7% | · | 1.3% | 1.6% | 2.2% | · | 1.7% | 1.4% | 0.65% | · | -1.2% | |
| ROE | 26.9% | 29.1% | · | 16.8% | 16.1% | 10.6% | · | 6.9% | 8.7% | 12.3% | · | 9.0% | 7.3% | 3.4% | · | -8.0% | |
| ROIC | 86.1% | 64.7% | · | 38.6% | 33.5% | 19.6% | · | 12.9% | 13.5% | 17.6% | · | 11.9% | 10.9% | 6.9% | · | -5.4% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 0.9 | · | 0.9 | 1.2 | 0.6 | · | 0.9 | 1.6 | 1.3 | · | 1.5 | 2.8 | 1.8 | · | 1.8 | |
| Quick Ratio | 0.9 | 0.9 | · | 0.8 | 1.1 | 0.6 | · | 0.9 | 1.5 | 1.3 | · | 1.5 | 2.7 | 1.8 | · | 1.8 | |
| Interest Coverage | 3.3 | 4.8 | · | 3.8 | 4.0 | 3.5 | · | 2.8 | 3.2 | 3.9 | · | 3.4 | 2.6 | 1.7 | · | -1.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | |
| Receivables Turnover | 5.5 | 6.4 | · | 6.9 | 6.6 | 6.7 | · | 6.7 | 7.2 | 7.9 | · | 9.3 | 10.3 | 8.9 | · | 5.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $0.90 | $1.81 | · | $2.32 | $2.90 | $3.82 | · | $4.73 | $5.10 | $5.31 | · | $5.96 | $5.67 | $5.31 | · | $5.10 | |
| Revenue / Share | $4.81 | $5.34 | · | $4.86 | $4.56 | $4.01 | · | $3.67 | $3.73 | $3.93 | · | $3.65 | $3.31 | $2.77 | · | $1.32 | |
| Cash Flow / Share | · | $1.09 | · | · | · | $0.74 | · | · | · | $0.95 | · | · | · | $0.58 | · | · | |
| Cash / Share | $5.21 | $5.02 | · | $4.95 | $5.02 | $4.29 | · | $5.80 | $6.40 | $6.65 | · | $7.30 | $7.55 | $8.55 | · | $7.64 | |
| Dividend / Share | $0.30 | $0.30 | $0.25 | $0.25 | $0.25 | $0.25 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | · | · | · | · | |
| EPS (TTM) | $2.57 | $2.70 | · | $2.21 | $1.98 | $1.80 | · | $2.02 | $2.14 | $2.07 | · | $0.88 | $0.07 | $-0.72 | · | $2.45 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $13.72B | $13.74B | · | $12.26B | $11.62B | $11.20B | · | $11.32B | $11.43B | $11.21B | · | $8.57B | $6.78B | $5.29B | · | $4.00B | |
| Net Income TTM | $1.73B | $1.84B | · | $1.56B | $1.41B | $1.30B | · | $1.50B | $1.61B | $1.57B | · | $670M | $51M | $-551M | · | $1.88B | |
| Market Cap | $29.93B | $35.72B | · | $36.47B | $29.89B | $27.31B | · | $36.50B | $32.57B | $38.52B | · | $35.02B | $44.31B | $43.89B | · | $28.67B | |
| P/E | 18.0 | 20.0 | · | 24.3 | 22.0 | 21.5 | · | 24.9 | 20.7 | 25.0 | · | 52.1 | 828.6 | -79.8 | · | 15.3 | |
| P/S | 2.2 | 2.6 | · | 3.0 | 2.6 | 2.4 | · | 3.2 | 2.8 | 3.4 | · | 4.1 | 6.5 | 8.3 | · | 7.2 | |
| P/B | 51.5 | 29.8 | · | 23.2 | 15.0 | 10.1 | · | 10.7 | 8.7 | 9.7 | · | 7.7 | 10.2 | 10.8 | · | 7.4 | |
| P / Tangible Book | 51.5 | 29.8 | · | 37.3 | 22.1 | 13.4 | · | 10.7 | 8.7 | 9.7 | · | 8.9 | 10.5 | 10.8 | · | 7.4 | |
| P / Cash Flow | · | 48.9 | · | · | · | 51.9 | · | · | · | 53.9 | · | · | · | 99.5 | · | · | |
| Dividend Yield | 3.1% | 2.4% | · | 2.2% | 2.4% | 2.3% | · | 1.6% | 1.8% | 1.2% | · | 0.44% | · | · | · | 0.00% | |
| Earnings Yield | 5.6% | 5.0% | · | 4.1% | 4.5% | 4.7% | · | 4.0% | 4.8% | 4.0% | · | 1.9% | 0.12% | -1.2% | · | 6.5% | |
| Payout Ratio | · | 35.6% | · | · | · | 50.8% | · | · | · | 30.6% | · | · | · | · | · | · | |
| Annual Payout | $938M | $856M | · | $809M | $716M | $618M | · | $597M | $604M | $456M | · | $153M | · | · | · | $0 |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $13.02B | $11.30B | $10.37B | $4.11B | $4.23B |
| Operating Margin % | 21.6% | 21.3% | 22.3% | -19.3% | -16.3% |
| Net Income | $1.63B | $1.45B | $1.22B | $1.83B | $-961M |
| Diluted EPS | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 1.1 | 0.7 | 1.3 | 1.7 | 2.1 |
| Quick Ratio | 1.1 | 0.7 | 1.3 | 1.7 | 0.8 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.85B | $1.64B | $2.21B | $-1.59B | $-1.07B |
Institutional owners (13F) 790 filers · $14.8B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 72 (-32 vs prior Q) | 115 (+5 vs prior Q) | 261 (-44 vs prior Q) | 306 (+20 vs prior Q) | +8.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $2,640,410,673 | 40,565,535 | 17.79% | Shares |
| BlackRock, Inc. | $1,147,564,688 | 24,844,440 | 7.73% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $898,213,742 | 19,446,065 | 6.05% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $861,244,744 | 18,645,697 | 5.80% | Shares |
| STATE STREET CORP | $700,220,538 | 15,159,570 | 4.72% | Shares |
| D. E. Shaw & Co., Inc. | $418,117,931 | 9,052,131 | 2.82% | Shares |
| Invesco Ltd. | $408,841,658 | 8,851,302 | 2.75% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $377,517,567 | 8,204,874 | 2.54% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $341,092,041 | 7,384,543 | 2.30% | Shares |
| Bank of New York Mellon Corp | $305,497,919 | 6,613,940 | 2.06% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $267,510,974 | 5,804,100 | 1.80% | Shares |
| Allianz Asset Management GmbH | $213,266,067 | 4,617,148 | 1.44% | Shares |
| MORGAN STANLEY | $180,319,469 | 3,903,863 | 1.21% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $177,401,873 | 3,840,468 | 1.20% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $174,904,578 | 3,786,633 | 1.18% | Shares |
| BAMCO INC /NY/ | $174,795,801 | 3,784,278 | 1.18% | Shares |
| NORGES BANK | $172,668,982 | 3,738,233 | 1.16% | Shares |
| Amundi | $151,574,009 | 3,281,533 | 1.02% | Shares |
| AMERIPRISE FINANCIAL INC | $149,984,644 | 3,247,121 | 1.01% | Shares |
| NORTHERN TRUST CORP | $146,523,040 | 3,172,181 | 0.99% | Shares |
| TWO SIGMA INVESTMENTS, LP | $141,071,743 | 3,054,162 | 0.95% | Shares |
| ROYAL BANK OF CANADA | $117,537,000 | 2,544,627 | 0.79% | Shares |
| GOLDMAN SACHS GROUP INC | $113,942,782 | 2,466,828 | 0.77% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $107,407,184 | 2,325,334 | 0.72% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $104,077,518 | 1,931,654 | 0.70% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $95,993,906 | 2,078,240 | 0.65% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $91,571,675 | 1,982,500 | 0.62% | Put option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $88,318,329 | 1,912,066 | 0.59% | Shares |
| Legal & General Group Plc | $83,696,459 | 1,812,004 | 0.56% | Shares |
| MILLENNIUM MANAGEMENT LLC | $82,601,161 | 1,788,291 | 0.56% | Shares |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $81,349,874 | 1,761,201 | 0.55% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $78,906,654 | 1,708,306 | 0.53% | Shares |
| Qube Research & Technologies Ltd | $77,927,888 | 1,687,116 | 0.52% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $76,952,309 | 1,665,995 | 0.52% | Shares |
| DEUTSCHE BANK AG\ | $76,834,015 | 1,663,434 | 0.52% | Shares |
| ALKEON CAPITAL MANAGEMENT LLC | $70,208,798 | 1,520,000 | 0.47% | Call option |
| UniSuper Management Pty Ltd | $67,623,176 | 1,464,022 | 0.46% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $67,067,926 | 1,452,001 | 0.45% | Shares |
| BANK OF NOVA SCOTIA | $65,879,780 | 1,426,278 | 0.44% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $62,933,875 | 1,362,500 | 0.42% | Call option |
| JUPITER ASSET MANAGEMENT LTD | $60,725,947 | 1,314,699 | 0.41% | Shares |
| JPMORGAN CHASE & CO | $60,338,735 | 1,301,245 | 0.41% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $59,249,963 | 1,277,765 | 0.40% | Shares |
| ARGA Investment Management, LP | $58,400,373 | 1,264,351 | 0.39% | Shares |
| AMERICAN CENTURY COMPANIES INC | $56,593,374 | 1,225,230 | 0.38% | Shares |
| FEDERATED HERMES, INC. | $55,146,333 | 1,193,902 | 0.37% | Shares |
| UBS Group AG | $54,744,249 | 1,185,197 | 0.37% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $49,503,763 | 1,071,742 | 0.33% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $47,594,361 | 1,030,404 | 0.32% | Shares |
| Toroso Investments, LLC | $47,255,340 | 726,000 | 0.32% | Put option |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Miriam Adelson, Irwin Chafetz, Annabelle Sivan Dumont, ESBT S-II Trust, ESBT S Trust, ESBT Y-II Trust, QSST A-II Trust, QSST M-II Trust ×4 filings | Aug. 11, 2026 | 52.70% | Amendment | Capital structure | SEC |
| OR ×9 filings | Dec. 5, 2023 | · | Initial filing | Capital structure | SEC |
| Sheldon G. Adelson, Miriam Adelson, Sheldon G. Adelson 2005 Family Trust u/d/t dated April 25, 2005, Irwin Chafetz, Timothy D. Stein, Sheldon G. Adelson December 2008 Three Year LVS Annuity Trust ×4 filings | Nov. 18, 2011 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 51 insiders · 22 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Patrick Dumont | Chairman & CEO | April 27, 2026 A | 511,942 | 0 | 5 | $-28,419,994 |
| George Tanasijevich | Pres & CEO/Marina Bay Sands | Oct. 4, 2016 A | 25,179 | 0 | 0 | $0 |
| Thomas Arasi | Pres & CEO of Marina Bay Sands | Feb. 7, 2011 M | 75,000 | 0 | 0 | $0 |
| Steven Jacobs | CEO, Sands China Ltd. | June 25, 2010 M | 352,280 | 0 | 0 | $0 |
| Randy Hyzak | EVP & CFO | April 27, 2026 A | 87,641 | 0 | 2 | $-3,823,646 |
| Kenneth J Kay | EVP & Chief Financial Officer | June 27, 2013 M | 211 | 0 | 0 | $0 |
| Robert P Rozek | Senior Vice President and CFO | May 23, 2008 D | 548 | 0 | 0 | $0 |
| William P Weidner | President and COO | Feb. 6, 2009 A | 47,432 | 0 | 0 | $0 |
| George M Markantonis | Pres.&COO,VenetianCasinoResort | March 30, 2015 A | · | 0 | 0 | $0 |
| John Caparella | Pres. & COO - Venetian Casino | June 27, 2014 M | 15,680 | 0 | 0 | $0 |
| Zachary D. Hudson | EVP and Global General Counsel | April 27, 2026 A | 45,023 | 0 | 2 | $-10,246,695 |
| Ira H Raphaelson | EVP & Global General Counsel | Feb. 18, 2016 A | 24,417 | 0 | 0 | $0 |
| Michael Quartieri | SVP - Chief Accounting Officer | Aug. 28, 2013 A | 0 | 0 | 0 | $0 |
| Chris J Cahill | EVP, Global Operations | April 1, 2012 A | · | 0 | 0 | $0 |
| Gayle M Hyman | SVP & General Counsel | June 11, 2010 A | · | 0 | 0 | $0 |
| Alberto J. Gonzalez-Pita | Senior VP & General Counsel | Feb. 23, 2010 A | · | 0 | 0 | $0 |
| Bradley H Stone | Executive Vice President | Feb. 6, 2009 A | 1,092,525 | 0 | 0 | $0 |
| Leonard M Deangelo | Senior VP -- Operations, Asia, | Feb. 6, 2009 A | · | 0 | 0 | $0 |
| Scott D Henry | Senior Vice President, Finance | March 29, 2008 A | 11,030 | 0 | 0 | $0 |
| Bradley K Serwin | General Counsel and Secretary | June 15, 2006 M | 5,869 | 0 | 0 | $0 |
| Wesley D Allison | Acting Chief Account'g Officer | Jan. 11, 2006 A | · | 0 | 0 | $0 |
| Harry D Miltenberger | CAO,VP-Finance | Sept. 6, 2005 S | 53,207 | 0 | 0 | $0 |
| Alain Li | Director | May 14, 2026 A | 12,931 | 0 | 0 | $0 |
| Mark Besca | Director | May 14, 2026 A | 8,694 | 0 | 0 | $0 |
| Lewis Kramer | Director | May 14, 2026 A | 31,336 | 0 | 0 | $0 |
| Muktesh Pant | Director | May 14, 2026 A | 8,694 | 0 | 0 | $0 |
| Micheline Chau | Director | May 14, 2026 A | 35,293 | 0 | 0 | $0 |
| Jason Ader | Director | June 3, 2016 A | 17,094 | 0 | 0 | $0 |
| LEVEN MICHAEL A | Director | Sept. 18, 2015 S | 473,529 | 0 | 0 | $0 |
| Jeffrey H Schwartz | Director | June 4, 2014 A | 63,171 | 0 | 0 | $0 |
| Victor Mg Chaltiel | Director | June 4, 2014 A | 3,291 | 0 | 0 | $0 |
| George P Koo | Director | May 6, 2014 M | 22,307 | 0 | 0 | $0 |
| Irwin A Siegel | Director | March 5, 2014 M | 15,650 | 0 | 0 | $0 |
| Wing T Chao | Director | Aug. 4, 2010 A | 7,730 | 0 | 0 | $0 |
| James L Purcell | Director | June 5, 2008 A | 4,569 | 0 | 0 | $0 |
| Andrew R Heyer | Director | June 5, 2008 A | 4,415 | 0 | 0 | $0 |
| MIRIAM ADELSON | 10% owner | Aug. 31, 2026 G | 0 | 0 | 1 | $-5,269,072 |
| Sheldon G. Adelson 2005 Family Trust u/d/t dated April 25, 2005 | 10% owner | March 16, 2006 S | 184,841,045 | 0 | 0 | $0 |
| Sheldon G Adelson 2002 Remainder Trust u/d/t dated October 1, 2002 | 10% owner | Sept. 13, 2005 S | 9,439,027 | 0 | 0 | $0 |
| IRWIN CHAFETZ | · | May 14, 2026 A | 74,897 | 0 | 1 | $-2,092,800 |
| Charles D Forman | · | May 14, 2026 A | 180,376 | 0 | 1 | $-616,626 |
| Robert G Goldstein | · | March 1, 2026 M | 397,197 | 0 | 18 | $-286,787,122 |
| Nora M. Jordan | · | May 11, 2023 A | 11,805 | 0 | 0 | $0 |
| David F Levi | · | May 11, 2023 A | 22,362 | 0 | 0 | $0 |
| Yibing Mao | · | May 12, 2022 A | 5,806 | 0 | 0 | $0 |
| Charles Koppelman | · | May 12, 2022 A | 26,363 | 0 | 0 | $0 |
| George Jamieson | · | May 13, 2021 A | 14,679 | 0 | 0 | $0 |
| Xuan Yan | · | May 14, 2020 A | 2,189 | 0 | 0 | $0 |
| Sheldon G Adelson | · | Jan. 31, 2020 A | 66,551,887 | 0 | 0 | $0 |
| Lawrence A Jacobs | · | Sept. 13, 2019 M | 0 | 0 | 0 | $0 |
| Steven L Gerard | · | June 7, 2018 A | 7,791 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 113 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NITE · Capitol Series Trust | 4.18% | 26,539 NS | July 31, 2026 | N-PORT |
| BUL · Pacer Funds Trust | 4.15% | 111,379 NS | July 31, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 1.94% | 9,397 NS | July 31, 2026 | N-PORT |
| RSPD · Invesco Exchange-Traded Fund Trust | 1.92% | 185,465 SH | Oct. 1, 2026 | Daily |
| SPGP · Invesco Exchange-Traded Fund Trust | 1.45% | 781,083 SH | Oct. 1, 2026 | Daily |
| CZA · Invesco Exchange-Traded Fund Trust | 1.39% | 62,059 SH | Oct. 1, 2026 | Daily |
| RPG · Invesco Exchange-Traded Fund Trust | 0.81% | 413,866 SH | Oct. 1, 2026 | Daily |
| COWZ · Pacer Funds Trust | 0.64% | 2,456,027 NS | July 31, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.50% | 55,350 NS | July 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.47% | 206,229 SH | Oct. 1, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.44% | 10,583 NS | July 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.41% | 111,290 NS | July 31, 2026 | N-PORT |
| QLC · FlexShares Trust | 0.39% | 81,088 NS | July 31, 2026 | N-PORT |
| BKDV · BNY Mellon ETF Trust II | 0.35% | 130,275 NS | July 31, 2026 | N-PORT |
| IWP · iShares Trust | 0.35% | 1,555,055 SH | Sept. 11, 2026 | Daily |
| VOT · VANGUARD INDEX FUNDS | 0.30% | 2,284,503 SH | Aug. 19, 2026 | Daily |
| GARP · iShares Trust | 0.29% | 204,994 SH | Sept. 11, 2026 | Daily |
| FDIS · FIDELITY COVINGTON TRUST | 0.28% | 94,780 NS | July 31, 2026 | N-PORT |
| PEXL · Pacer Funds Trust | 0.27% | 2,752 NS | July 31, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 0.25% | 377,859 SH | Aug. 19, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.23% | 8,117,000 | Oct. 1, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.20% | 24,188 NS | July 31, 2026 | N-PORT |
| WANT · Direxion Shares ETF Trust | 0.20% | 849 NS | July 31, 2026 | N-PORT |
| IYC · iShares Trust | 0.20% | 55,250 SH | Sept. 11, 2026 | Daily |
| RXI · iShares Trust | 0.20% | 11,801 SH | Sept. 11, 2026 | Daily |
| DUHP · Dimensional ETF Trust | 0.19% | 482,257 NS | July 31, 2026 | N-PORT |
| LGDX · Tidal Trust III | 0.19% | 5,467 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.19% | 83,768 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.18% | 4,514,412 SH | Oct. 1, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.17% | 7,817,000 | Oct. 1, 2026 | Daily |
| SIZE · iShares Trust | 0.16% | 16,233 SH | Sept. 11, 2026 | Daily |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.14% | 3,745,000 | Oct. 1, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.13% | 6,462,089 SH | Aug. 19, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.13% | 170,000 | Oct. 1, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.13% | 154,166 NS | July 31, 2026 | N-PORT |
| FEUS · FlexShares Trust | 0.13% | 2,915 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,357,000 | Oct. 1, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.10% | 30,506 NS | July 31, 2026 | N-PORT |
| EGUS · iShares Trust | 0.09% | 603 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.09% | 86,341 SH | Sept. 11, 2026 | Daily |
| DIVB · iShares Trust | 0.09% | 43,194 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.09% | 1,131,883 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.08% | 32,847 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.07% | 20,076 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.07% | 7,938 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.07% | 18,134 SH | Oct. 1, 2026 | Daily |
| XOEF · iShares Trust | 0.07% | 366 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.07% | 684,974 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.06% | 157,840 SH | Oct. 1, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.06% | 6,794 NS | July 31, 2026 | N-PORT |
| GLOF · iShares Trust | 0.06% | 2,721 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 11,691 SH | Oct. 1, 2026 | Daily |
| VUG · VANGUARD INDEX FUNDS | 0.05% | 4,480,202 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.05% | 1,101,788 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.05% | 119,498 NS | July 31, 2026 | N-PORT |
| ACVF · ETF Opportunities Trust | 0.04% | 1,361 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.04% | 48 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.04% | 19,281 SH | Aug. 19, 2026 | Daily |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.04% | 221,761 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.04% | 434,285 SH | Aug. 19, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.04% | 26,359 NS | July 31, 2026 | N-PORT |
| IWF · iShares Trust | 0.04% | 1,036,630 SH | Sept. 11, 2026 | Daily |
| IVW · iShares Trust | 0.04% | 635,976 SH | Sept. 11, 2026 | Daily |
| GLBL · Pacer Funds Trust | 0.04% | 8 NS | July 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.03% | 262,000 SH | Sept. 11, 2026 | Daily |
| TOV · EA Series Trust | 0.03% | 1,381 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.03% | 8,142 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.03% | 12,859 SH | Oct. 1, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.03% | 13,488 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.03% | 268 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.03% | 28,043 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.02% | 189 SH | Sept. 11, 2026 | Daily |
| XYLG · Global X Funds | 0.02% | 311 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.02% | 17 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.02% | 15,310 NS | July 31, 2026 | N-PORT |
| USCL · iShares Trust | 0.02% | 14,907 SH | Sept. 11, 2026 | Daily |
| XYLD · Global X Funds | 0.02% | 14,829 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.02% | 3,477 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.02% | 38,564 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.02% | 4,731 NS | July 31, 2026 | N-PORT |
| LRGF · iShares Trust | 0.02% | 18,239 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.02% | 89,749 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.02% | 15,288 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.02% | 1,125 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.02% | 7,161 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.02% | 20 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.02% | 7,742,583 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.02% | 347,657 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 9,468,396 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 45,453 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 23,245 SH | Aug. 19, 2026 | Daily |
| IVV · iShares Trust | 0.02% | 3,758,488 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.02% | 2,071 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.02% | 5,419 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.02% | 12,577 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.02% | 393,832 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.02% | 23,311 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.02% | 190,413 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.02% | 48,662 SH | Oct. 1, 2026 | Daily |
| IWV · iShares Trust | 0.02% | 75,782 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.02% | 850 SH | Sept. 11, 2026 | Daily |
| ILCV · iShares Trust | 0.02% | 4,769 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.02% | 1,543 SH | Oct. 1, 2026 | Daily |
| URTH · iShares, Inc. | 0.01% | 27,168 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 6,320 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 16,960 SH | Oct. 1, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.01% | 34,616 SH | Oct. 1, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.01% | 385,000 | Oct. 1, 2026 | Daily |
| ACWI · iShares Trust | 0.01% | 97,815 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.01% | 204 SH | Oct. 1, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 233,862 SH | Aug. 19, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.01% | 6,000 | Sept. 30, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.00% | 256 SH | Sept. 10, 2026 | Daily |
LVS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
19 analysts · 2026-09-30Mean target $59.07 +63.0%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LVS | $43.94B | 27.7 | 15.2% | 12.5% | 72.7% | · |
| FLUT | $37.68B | -122.9 | 16.6% | -2.5% | -4.4% | 45.2% |
| WYNN | $12.51B | 38.3 | 0.14% | 4.6% | -131.0% | · |
| DKNG | · | -3446.0 | 27.0% | 0.06% | 0.45% | · |
| MGM | $9.43B | 48.0 | 1.7% | 1.2% | 7.5% | · |
| CZR | $4.74B | -9.7 | 2.1% | -4.4% | -13.1% | · |
| CHDN | $7.92B | 8.0 | 7.0% | 13.1% | 37.3% | · |
| RRR | · | 19.9 | 3.7% | 9.3% | 88.8% | · |
| BYD | $6.51B | 3.8 | 4.1% | 45.1% | 88.0% | · |
| RSI | · | 62.7 | 22.8% | 2.9% | 29.5% | · |
| MCRI | $1.71B | 17.6 | 4.4% | 18.6% | 18.8% | 23.4% |
Latest News Recent headlines mentioning this company
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