Stock Analysis on Net
Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 20, 2023.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Las Vegas Sands Corp., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income (loss) attributable to Las Vegas Sands Corp.1 ÷ Net revenues1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
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Dec 31, 2011 = 100 × ÷
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Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Net Income (Loss) Trend
The net income attributable exhibits significant volatility over the examined period. Initial years show positive net income with a peak in 2011 at 1,560 million USD. Following this peak, income continued to grow, reaching the highest value of 2,841 million USD in 2013, before declining from 2014 onwards. Notably, there are substantial losses in 2008 (-164 million USD), 2009 (-354 million USD), 2020 (-1,685 million USD), and 2021 (-961 million USD). A recovery appears in 2022 with net income rebounding to 1,832 million USD.
Net Revenues Pattern
Net revenues display a general upward trend from 2005 to 2019, rising from 1,741 million USD to a peak of 13,739 million USD. There is a sharp decline from 2019 to 2020, dropping to 3,612 million USD, and a slight subsequent increase in 2021 and 2022 (4,234 million USD and 4,110 million USD respectively). This indicates a major disruption impacting revenues starting in 2020, with only partial recovery in the following years.
Net Profit Margin Analysis
The net profit margin fluctuates considerably during the period. Margins are generally positive and tend to improve from 2005 at 16.3% to a high of 21.78% in 2017. Negative margins are observed in 2008 (-3.73%), 2009 (-7.77%), 2020 (-46.65%), and 2021 (-22.7%). A significant rebound is noticed in 2022 with the margin recovering to 44.57%. This pattern reflects periods of operational profitability interspersed with major downturns, particularly aligned with the drastic revenue and net income declines in 2020 and 2021.
Overall Financial Performance Insights
The financial data demonstrates growth and profitability challenges over the years. Revenues and net income generally trend upward until 2019, suggesting expansion and improving operational efficiency. The sudden drop in revenues and negative profitability in 2020 and 2021 highlight major external or internal shocks affecting the company, likely causing reduced demand or operational constraints. The return to positive net income and increased profit margin in 2022 signals early signs of recovery, despite revenues remaining below pre-2020 levels.

Comparison to Competitors

Las Vegas Sands Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
Las Vegas Sands Corp. Airbnb Inc. Booking Holdings Inc. Chipotle Mexican Grill Inc. DoorDash, Inc. McDonald’s Corp. Starbucks Corp.
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Consumer Services)

Las Vegas Sands Corp., net profit margin, long-term trends, comparison to sector (consumer services)

Microsoft Excel
Las Vegas Sands Corp. Consumer Services
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
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Dec 31, 2005

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Discretionary)

Las Vegas Sands Corp., net profit margin, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel
Las Vegas Sands Corp. Consumer Discretionary
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
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Dec 31, 2005

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).