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Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
2004
40.3K+
LTM Revenue $11.5B
LTM EBITDA $4.5B
$39.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Las Vegas Sands has a last 12-month revenue (LTM) of $11.5B and a last 12-month EBITDA of $4.5B.
In the most recent fiscal year, Las Vegas Sands achieved revenue of $11.3B and an EBITDA of $4.1B.
Las Vegas Sands expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Las Vegas Sands valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $11.5B | XXX | $11.3B | XXX | XXX | XXX |
| Gross Profit | $8.2B | XXX | $5.5B | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $4.5B | XXX | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 36% | XXX | XXX | XXX |
| EBIT | $2.6B | XXX | $2.5B | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $1.7B | XXX | $1.4B | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $10.1B | XXX | XXX | XXX |
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As of May 30, 2025, Las Vegas Sands's stock price is $41.
Las Vegas Sands has current market cap of $29.1B, and EV of $39.9B.
See Las Vegas Sands trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39.9B | $29.1B | XXX | XXX | XXX | XXX | $2.36 |
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Start Free TrialAs of May 30, 2025, Las Vegas Sands has market cap of $29.1B and EV of $39.9B.
Las Vegas Sands's trades at 3.5x EV/Revenue multiple, and 9.8x EV/EBITDA.
Equity research analysts estimate Las Vegas Sands's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Las Vegas Sands has a P/E ratio of 17.4x.
See valuation multiples for Las Vegas Sands and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $29.1B | XXX | $29.1B | XXX | XXX | XXX |
| EV (current) | $39.9B | XXX | $39.9B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.9x | XXX | 9.8x | XXX | XXX | XXX |
| EV/EBIT | 15.4x | XXX | 16.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 17.4x | XXX | 20.1x | XXX | XXX | XXX |
| EV/FCF | 15.6x | XXX | 24.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialLas Vegas Sands's last 12 month revenue growth is 5%
Las Vegas Sands's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Las Vegas Sands's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Las Vegas Sands's rule of X is 51% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Las Vegas Sands and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | 42% | XXX | 41% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 27% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
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| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
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| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Las Vegas Sands acquired XXX companies to date.
Last acquisition by Las Vegas Sands was XXXXXXXX, XXXXX XXXXX XXXXXX . Las Vegas Sands acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Las Vegas Sands founded? | Las Vegas Sands was founded in 2004. |
| Where is Las Vegas Sands headquartered? | Las Vegas Sands is headquartered in United States of America. |
| How many employees does Las Vegas Sands have? | As of today, Las Vegas Sands has 40.3K+ employees. |
| Who is the CEO of Las Vegas Sands? | Las Vegas Sands's CEO is Mr. Robert Glen Goldstein. |
| Is Las Vegas Sands publicy listed? | Yes, Las Vegas Sands is a public company listed on NYS. |
| What is the stock symbol of Las Vegas Sands? | Las Vegas Sands trades under LVS ticker. |
| When did Las Vegas Sands go public? | Las Vegas Sands went public in 2004. |
| Who are competitors of Las Vegas Sands? | Similar companies to Las Vegas Sands include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of Las Vegas Sands? | Las Vegas Sands's current market cap is $29.1B |
| What is the current revenue of Las Vegas Sands? | Las Vegas Sands's last 12 months revenue is $11.5B. |
| What is the current revenue growth of Las Vegas Sands? | Las Vegas Sands revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Las Vegas Sands? | Current revenue multiple of Las Vegas Sands is 3.5x. |
| Is Las Vegas Sands profitable? | Yes, Las Vegas Sands is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Las Vegas Sands? | Las Vegas Sands's last 12 months EBITDA is $4.5B. |
| What is Las Vegas Sands's EBITDA margin? | Las Vegas Sands's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of Las Vegas Sands? | Current EBITDA multiple of Las Vegas Sands is 8.9x. |
| What is the current FCF of Las Vegas Sands? | Las Vegas Sands's last 12 months FCF is $2.6B. |
| What is Las Vegas Sands's FCF margin? | Las Vegas Sands's last 12 months FCF margin is 22%. |
| What is the current EV/FCF multiple of Las Vegas Sands? | Current FCF multiple of Las Vegas Sands is 15.6x. |
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