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.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Net revenues1
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
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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

Operating Income (Loss)
The operating income exhibited a general upward trend from 2005 through 2014, increasing from 489 million USD to a peak of 4,099 million USD. This growth was punctuated by a notable decline in 2009, where operating income turned negative to -29 million USD. After reaching the peak in 2014, operating income fluctuated but remained relatively high until 2019, with values consistently above 2,400 million USD. However, a drastic decline occurred starting from 2020, with operating losses reported in 2020 (-1,688 million USD), 2021 (-689 million USD), and 2022 (-792 million USD). This suggests significant operational challenges or external factors negatively impacting profitability during these later years.
Net Revenues
Net revenues showed a strong upward trajectory over the entire period until 2019, growing from 1,741 million USD in 2005 to a peak of approximately 13,739 million USD in 2019. This growth was consistent with the increase in operating income observed up to the same year. Post-2019, net revenues experienced a considerable decline coinciding with the period of operating losses, falling sharply to 3,612 million USD in 2020 and slightly increasing to 4,234 million USD in 2021, then marginally decreasing again to 4,110 million USD in 2022. This sharp drop in revenues indicates significant disruption, possibly linked to external macroeconomic or industry-specific challenges.
Operating Profit Margin
The operating profit margin generally followed the trends in operating income and revenue, starting at 28.11% in 2005 and exhibiting fluctuations with a low point in 2009 at -0.63%. This was followed by a recovery and improvement peaking around 28.11% again in 2014. The margin remained relatively strong through 2019, maintaining levels above 20%, which indicates efficient management of operating costs relative to revenues. Following 2019, the margin sharply deteriorated to -46.73% in 2020 and remained negative at -16.27% and -19.27% in 2021 and 2022 respectively, signifying substantial losses relative to revenue during this period.
Summary
Overall, the financial data demonstrate a period of sustained growth and profitability for the company through 2019, marked by rising net revenues, increasing operating income, and robust operating profit margins. Starting in 2020, there is a clear and significant reversal of this trend with steep declines in revenue and operating income, accompanied by negative operating margins. This shift likely reflects extraordinary adverse conditions impacting the company’s operations and financial performance in the recent period.

Comparison to Competitors

Las Vegas Sands Corp., operating 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
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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).