Sector Alpha Week of 2026-08-05
Sector Alpha — machine-written from the numbers · Data as of 2026-08-05

Las Vegas Sands Corp.

LVS
Consumer Discretionary · Resorts & Casinos

Las Vegas Sands Corp. is coiled. The quarters are improving, yet the P/E sits at the 15th percentile of its own 4-year range — the business is moving before the market.

The sharpest disagreement: annual EPS moved +19.9% against a −11.9% price move — the market has not yet caught up with the delivery.

The price is building a base (16 weeks in) while the P/E sits at the 15th percentile of its own 4-year range. Underneath, the last four quarters read improving — profit +56.1% year on year, and 187% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Stage
Mixed
fundamental trajectory, 12 quarters
Price
$46.0
−11.9% 1Y
P/E
17.9×
15th pctile
of its own 4-year range
Revenue (Mar 26)
$3.6 B
+25.2% YoY
Profit (Mar 26)
$0.6 B
+56.1% YoY
Operating margin
25.1%
+3.8 pp YoY
ROE
123%
FY25
ROIC
19.8%
vs WACC 7.2% → +12.6 pp
Cash conversion
187%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Las Vegas Sands Corp. trades at $46.0, building a base and 16 weeks into that stage. That is −17.5% against its own 200-day average. It sits at 3% of a 52-week range of $45 to $68. On relative strength it is currently behind the S&P 500 on a trailing-13-week view (28 weeks and counting).

Today the stock is building a base — week 16 of stage 1. At $46.0 it trades −17.5% versus its 200-day average and sits at 3% of its 52-week range ($45–$68).

Aug 26: $46.0 Weekly closing price ($) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−17.5% versus the 200-day line, week 16 of stage 1
Price50-day avg200-day avg
S1S4S3S4S3S2S1$71.0$60.6$50.1$39.7$29.2$$46$56Jul 23Apr 24Jan 25Oct 25Aug 26
S1S4S3S4S3S2S1$71.0$60.6$50.1$39.7$29.2$$46$56Jul 23Jan 25Aug 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (527 weeks): the stock's trailing 13-week return minus the S&P 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the S&P 500 reading is not held.
trailing 13-week return vs the S&P 500
Jul 16Aug 26

Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +4% while the S&P 500 moved +263% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (28 weeks and counting; last ahead the week of 2026-01-23) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.

Las Vegas Sands Corp. trades at 17.9× P/E, near the bottom of its own range — cheaper only 15% of the time. Its long-run median P/E is 23.0×, measured across 4.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 17.9× is near the bottom of its own range — cheaper only 15% of the time, against a long-run median of 23.0× measured over 4.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 17.9× vs a 23.0× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly step line (right axis). 4.3-year window; loss-period spikes above 69× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 15% of the time
P/EMedianEPS (TTM) (quarterly)
73.4×$2.957.5×$2.241.5×$1.525.6×$0.79.6×$0.0×$17.04×$3Apr 22Apr 23May 24Jul 25Aug 26
73.4×$2.957.5×$2.241.5×$1.525.6×$0.79.6×$0.0×$17.04×$3Apr 22May 24Aug 26
PEG 1.07 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 20 quarters; values above 6 pinned at the top.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
6.4×4.9×3.5×2.0×0.5××1.07×Sep 21Sep 22Dec 23Mar 25Jun 26
6.4×4.9×3.5×2.0×0.5××1.07×Sep 21Dec 23Jun 26
P/E
17.9×
15th percentile of 4y
PEG
1.40
as reported

Why the multiple sits where it does: over the past year annual EPS moved +19.9% against a −11.9% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the −7.4%/yr price move, ~+237.9%/yr came from earnings growth and ~−245.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Las Vegas Sands Corp. reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE lifting at 17.8% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +15.2% in FY25, profit +6.9% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
165%24%120%19%75%14%30%8.8%−15%3.7%%%15.2%6.9%FY21FY23FY25
165%24%120%19%75%14%30%8.8%−15%3.7%%%15.2%6.9%FY21FY23FY25
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue accelerating, profit accelerating
RevenueProfitEPS
165%333%121%214%76%95%32%−24%−12%−143%%%22.6%33.8%50%Jun 23Sep 24Mar 26
165%333%121%214%76%95%32%−24%−12%−143%%%22.6%33.8%50%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
19%15%10%6.0%1.6%%17.8%Jun 23Dec 23Sep 24Jun 25Mar 26
19%15%10%6.0%1.6%%17.8%Jun 23Sep 24Mar 26
Revenue growth
Rising
latest +22.6% · span −0.1% to +152.9%
Profit growth
Rising
latest +33.8% · span −110.6% to +163.8%
EPS growth
Rising
latest +50.0% · span −96.7% to +2,957.1%
ROCE
Rising
latest 17.8% · span 2.8%–17.8%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; stock price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+15.2%+46.9%
Profit+6.9%+11.2%
EPS+19.9%
Stock price−11.9%−7.4%+2.4%−0.8%
Revenue YoY (Mar 26)
+25.2%
latest quarter vs a year ago
Profit YoY (Mar 26)
+56.1%
latest quarter vs a year ago
Revenue 10y
32.5%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

40.7/100 — rank 11 of 15 in Resorts & Casinos · 58% evidence confidence

Las Vegas Sands Corp. scores 40.7 out of 100 against the 15 companies it is compared with in Resorts & Casinos, ranking 11. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 16.8 + 12.6 + 10 + 1.3 = 40.7. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Las Vegas Sands Corp. reported $3.6 B of revenue in the Mar 26 quarter, +25.2% year on year. That is the 4th straight quarter of year-on-year growth. Over 4 years it has compounded at 32.5% a year. The last full year, FY25, came in at $13.0 B. The last four reported quarters add to $13.7 B.

FY25 revenue came in at $13.0 B (+15.2% on the year), capping 4 years at 32.5% compound. The latest quarter (Mar 26) printed $3.6 B, +25.2% year on year — the 4th consecutive quarter of year-over-year growth.

FY25 revenue $13.0 B (+15.2% YoY) Revenue bars, $ B (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
32.5% a year over 4 years
RevenueYoY growth
14165%11120%7.075%3.530%0.0−15%$ B%$13B15.2%FY21FY23FY25
14165%11120%7.075%3.530%0.0−15%$ B%$13B15.2%FY21FY23FY25
Mar 26: $3.6 B (+25.2% YoY) Quarterly revenue bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Revenue (quarterly)YoY growth
3.9194%3.0141%2.088%1.035%0.0−19%$ B%$4B25.2%Jun 23Sep 24Mar 26
3.9194%3.0141%2.088%1.035%0.0−19%$ B%$4B25.2%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +22.6% growth against the decade's 32.5% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +22.6% over the last 4 quarters against +10.7%/yr over the last 8 — accelerating; TTM profit +33.8% vs +6.0%/yr — accelerating.

06 · Operating margin

Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Las Vegas Sands Corp.'s operating margin is 25.1% in the Mar 26 quarter, +3.8 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −19.2% to 22.3%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 25.1%, +3.8 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged −19.2%–22.3%.

Why the margin moved: operating margin went +3.8 pp year on year while gross margin went −0.8 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY25: 21.7% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 5-year window.
within a −19.2–22.3% band over 5 years
operating marginYoY change (pp)
26%45%14%32%1.6%19%−10%6.4%−23%−6.5%%%21.7%0.5%FY21FY23FY25
26%45%14%32%1.6%19%−10%6.4%−23%−6.5%%%21.7%0.5%FY21FY23FY25
Mar 26: 25.1% operating margin (+3.8 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
26%47%24%32%22%18%20%4.2%18%−9.9%%%25.1%3.8%Jun 23Sep 24Mar 26
26%47%24%32%22%18%20%4.2%18%−9.9%%%25.1%3.8%Jun 23Sep 24Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Las Vegas Sands Corp. earned $0.6 B of net profit in the Mar 26 quarter, +56.1% year on year. It is the 4th consecutive quarter of growth. Full-year FY25 profit was $1.9 B. That is 17.9% of the quarter's revenue. The same quarter a year earlier earned $0.4 B.

Mar 26 profit was $0.6 B, +56.1% year on year — the 4th consecutive quarter of growth. On the full year, FY25 printed $1.9 B (+6.9%).

FY25 profit $1.9 B (+6.9% YoY) Net profit bars, $ B (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
2.124%1.219%0.314%−0.68.7%−1.53.7%$ B%$2B6.9%FY21FY23FY25
2.124%1.219%0.314%−0.68.7%−1.53.7%$ B%$2B6.9%FY21FY23FY25
Mar 26: $0.6 B (+56.1% YoY) Quarterly net profit bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Net profit (quarterly)YoY growth
0.7342%0.5242%0.3143%0.243%0.0−57%$ B%$1B56.1%Jun 23Sep 24Mar 26
0.7342%0.5242%0.3143%0.243%0.0−57%$ B%$1B56.1%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +25.2% and the margin +3.8 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit +33.8% vs revenue +22.6%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra dollar of revenue drops more to the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 187% of Las Vegas Sands Corp.'s reported profit arrived as operating cash — the cash follows the profit. In FY25 that was $3.0 B of operating cash against $1.9 B of profit. After $1.2 B of capital spending, $1.9 B was left as free cash.

FY25: operating cash of $3.0 B against reported profit of $1.9 B, leaving free cash of $1.9 B after $1.2 B of capital spending. Across the last 3 fiscal years the conversion rate is 187% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO $3.0 B vs profit $1.9 B Operating cash flow and net profit by fiscal year, $ B; the line is free cash flow (CFO minus capital spending). 5-year window, annual resolution.
187% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3.62.20.9−0.5−1.8$ B$3B$2B$2BFY21FY23FY25
3.62.20.9−0.5−1.8$ B$3B$2B$2BFY21FY23FY25
Jun 26: operating cash $0.7 B Operating cash per quarter, $ B (bars); conversion = operating cash as % of net profit (line, right). Last 12 quarters. Dashed line = 100%.
Operating cash (quarterly)Conversion100%
1.3288%1.0220%0.7152%0.384%0.016%$ B%$1B114%Sep 23Dec 24Jun 26
1.3288%1.0220%0.7152%0.384%0.016%$ B%$1B114%Sep 23Dec 24Jun 26

Why: conversion is measured cleanly, but the working-capital day-counts behind it sit below what we hold — the move is shown without inventing its driver.

Router verdict: the visible cash user is investment — the next section checks what the spending is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Las Vegas Sands Corp. does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Capital spending ran $4.0 B over the last 3 years. Averaged over those years that is 10.2% of FY25 revenue a year.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

On the investment side: capital spending of $4.0 B over the last 3 fiscal years.

FY25: capex $1.2 B Capital spending per fiscal year, $ B (bars).
steady investment
Capex
1.71.30.80.40.0$ B$1BFY21FY23FY25
1.71.30.80.40.0$ B$1BFY21FY23FY25
Jun 26: capex $0.3 B in the quarter Capital spending per quarter, $ B (bars, left); free cash flow, $ B (line, right). Last 12 quarters.
Capex (quarterly)Free cash
0.61.00.40.70.30.40.10.10.0−0.2$ B$ B$0B$0BSep 23Dec 24Jun 26
0.61.00.40.70.30.40.10.10.0−0.2$ B$ B$0B$0BSep 23Dec 24Jun 26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on equity

Return on equity Return on equity (ROE) is the profit the business earns on its shareholders’ money. With the full capital-employed split not in our numbers, ROE is the cleanest long ladder we can draw here.

Las Vegas Sands Corp. earns a ROE of 97% in FY25. That is up from a trough of −57% in FY21. Return on invested capital clears the cost of that capital by +12.6 percentage points, so growth here adds value rather than only size. The wiring behind it is 14.4% net margin on 0.59× asset turns.

FY25 ROE is 97%, recovered from a FY21 trough of −57% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 14.4% net margin × 0.59× asset turns × 11.36× balance-sheet leverage ≈ 96.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 19.8% − 7.2% = a +12.6 pp spread. The 7.2% is an estimate of this company's own cost of capital — read the sign and the size of the spread, not the decimals. A spread this wide means every dollar reinvested creates more than a dollar of value — the engine compounds.

FY25: ROE 97% Return on equity by fiscal year, % (line); ROIC by fiscal year, % (line). 5-year window, dips included. Dashed line = the 7.2% cost of capital used on this page.
the climb back from FY21's −57%
ROEROIC (annual)WACC
109%65%20%−25%−69%%96.9%17.5%FY21FY23FY25
109%65%20%−25%−69%%96.9%17.5%FY21FY23FY25
Jun 26: ROIC 17.6% (TTM) vs WACC 7.2% Trailing-twelve-month ROIC and ROE, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROIC (TTM)ROE (TTM)WACC
99%74%50%25%0.0%%17.6%91.9%Sep 23Dec 24Jun 26
99%74%50%25%0.0%%17.6%91.9%Sep 23Dec 24Jun 26
11 · Dividend

Dividend A dividend is cash paid out per share. Dividend per share is the declared amount for the period; the trailing twelve-month total is the four most recent quarters added together.

Las Vegas Sands Corp. paid $1.10 per share over the last four reported quarters, up 20.0% on a year ago. The most recent declaration was $0.30 for Mar 26. Against the current price of $46.0 that is a trailing yield of 2.39%, measured on dividends already paid rather than on a forecast.

Las Vegas Sands Corp. paid $1.10 per share across the last four reported quarters, most recently $0.30 for Mar 26. That is up 20.0% against the same quarter a year earlier. Against the current price of $46.0 the trailing twelve months work out to 2.39% — trailing dividends measured against today's price, not a forward estimate.

Dividend per share by quarter Declared dividend per share, $ B, per reported quarter. 12 quarters on file.
latest $0.30 (Mar 26)
Dividend per share
0.320.240.160.080.00$ B$0BJun 23Dec 23Sep 24Jun 25Mar 26
0.320.240.160.080.00$ B$0BJun 23Sep 24Mar 26
12 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Las Vegas Sands Corp. carries total debt of $15.3 B against shareholder equity of $0.9 B as of Jun 26, a debt-to-equity of 16.96. On the annual view that ratio went from 6.57 in FY21 to 8.18 in FY25. Read the returns elsewhere on this page with that leverage in mind.

Jun 26: total debt of $15.3 B against shareholder equity of $0.9 B — a debt-to-equity of 16.96. On the annual view, debt-to-equity went from 6.57 (FY21) to 8.18 (FY25). Read the returns on this page with that leverage in mind.

FY25: debt $15.8 B at 8.18× equity Total debt by fiscal year, $ B (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
178.6×137.2×8.65.8×4.34.4×0.03.0×$ B×$16B8.18×FY21FY23FY25
178.6×137.2×8.65.8×4.34.4×0.03.0×$ B×$16B8.18×FY21FY23FY25
Jun 26: debt $15.3 B, debt-to-equity 16.96 Total debt per quarter, $ B (bars); debt-to-equity, × (line). Last 12 quarters.
Total debt (quarterly)Debt-to-equity
1718.1×1314.1×8.510.1×4.36.1×0.02.1×$ B×$15B16.96×Sep 23Dec 24Jun 26
1718.1×1314.1×8.510.1×4.36.1×0.02.1×$ B×$15B16.96×Sep 23Dec 24Jun 26
13 · Ownership

Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.

6.1% of Las Vegas Sands Corp.'s tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 3.8 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.

The latest reading: 6.1% of the float is sold short, and at typical trading volumes it would take about 3.8 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.

Short interest
6.1%
of the tradable float
Days to cover
3.8
at typical volumes

Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.

14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Las Vegas Sands Corp.: the Z-score reads 2.75. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits in the grey band between the two. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 2.75 sits in the grey band — neither clearly safe nor clearly distressed.

The safety line in one sentence: the Z-score reads 2.75.

15 · Related companies · Resorts & Casinos
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Monarch Casino & Resort, Inc.MCRI 60.3/100Thin evidence · provisional58% evidence FADING 21.1/35 Revenue — · PAT — · OPM change 5.4 pp 45% evidence 16.1/25 ROCE 6.6% · OPM 25.6% 76% evidence 9.8/20 P/E 21.1× · PEG — 15% evidence 13.3/20 RS sector 13% · RS bench 7.3% · 1Y 29.4%9 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 16.1 + 9.8 + 13.3 = 60.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Red Rock Resorts, Inc.RRR 56.7/100Mixed-positive evidence81% evidence BREAKING OUT 13.6/35 Revenue 3.8% · PAT 18.1% · OPM change -2.7 pp 83% evidence 15.2/25 ROCE 3.8% · OPM 28.3% 76% evidence 14.8/20 P/E 17.2× · PEG 0.83 65% evidence 13.1/20 RS sector 1.6% · RS bench -3.6% · 1Y 14.2%6 of 12 weeks ahead 100% evidence
Exact sum: 13.6 + 15.2 + 14.8 + 13.1 = 56.7 · Decision use: Price leads the evidence: RS versus the benchmark is -3.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Marriott Vacations Worldwide CorporationVAC 56.5/100Mixed-positive evidence71% evidence LEADER 10.7/35 Revenue 2.4% · PAT -250% · OPM change -0.6 pp 83% evidence 15.3/25 ROCE 6.5% · OPM 41.2% 76% evidence 10.5/20 P/E 14.9× · PEG — 15% evidence 20.0/20 RS sector 30.9% · RS bench 24.2% · 1Y 39.3%12 of 12 weeks ahead 100% evidence
Exact sum: 10.7 + 15.3 + 10.5 + 20 = 56.5 · Decision use: Price leads the evidence: RS versus the benchmark is 24.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Boyd Gaming CorporationBYD 53.0/100Thin evidence · provisional58% evidence BASING 18.9/35 Revenue — · PAT — · OPM change -3.8 pp 45% evidence 15.8/25 ROCE 6.8% · OPM 16.4% 76% evidence 11.5/20 P/E 3.9× · PEG — 15% evidence 6.8/20 RS sector -3% · RS bench -8% · 1Y 5.3%0 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 15.8 + 11.5 + 6.8 = 53 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5PENN Entertainment, Inc.PENN 52.2/100Mixed-positive evidence64% evidence BREAKING OUT 19.3/35 Revenue 6.4% · PAT — · OPM change 2.9 pp 62% evidence 3.8/25 ROCE 0.7% · OPM 5.5% 76% evidence 11.3/20 P/E 5.5× · PEG — 15% evidence 17.8/20 RS sector 13.1% · RS bench 7% · 1Y 18.2%12 of 12 weeks ahead 100% evidence
Exact sum: 19.3 + 3.8 + 11.3 + 17.8 = 52.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6MGM Resorts InternationalMGM 51.3/100Thin evidence · provisional58% evidence BREAKING OUT 16.2/35 Revenue — · PAT — · OPM change -2.2 pp 45% evidence 7.9/25 ROCE 1.3% · OPM 6.8% 76% evidence 9.3/20 P/E 29× · PEG — 15% evidence 17.9/20 RS sector 14% · RS bench 8.3% · 1Y 33.8%11 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 7.9 + 9.3 + 17.9 = 51.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Caesars Entertainment, Inc.CZR 49.6/100Thin evidence · provisional58% evidence TURNING 15.0/35 Revenue — · PAT — · OPM change -0.1 pp 45% evidence 8.8/25 ROCE 1.7% · OPM 17.4% 76% evidence 10.8/20 P/E 12.4× · PEG — 15% evidence 15.0/20 RS sector 11.3% · RS bench 5.7% · 1Y 25.3%3 of 12 weeks ahead 100% evidence
Exact sum: 15 + 8.8 + 10.8 + 15 = 49.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Bally's CorporationBALY 44.2/100Thin evidence · provisional58% evidence FADING 24.3/35 Revenue 16.6% · PAT — · OPM change 15.9 pp 62% evidence 5.8/25 ROCE 1.1% · OPM 12.1% 76% evidence 8.5/20 P/E 91.2× · PEG — 15% evidence 5.6/20 RS sector -8% · RS bench -12.4% · 1Y 41.3%5 of 12 weeks ahead 70% evidence
Exact sum: 24.3 + 5.8 + 8.5 + 5.6 = 44.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Melco Resorts & Entertainment LimitedMLCO 44.1/100Mixed-negative evidence64% evidence BASING 19.1/35 Revenue 11.3% · PAT — · OPM change 1.3 pp 62% evidence 9.1/25 ROCE 2.8% · OPM 13.1% 76% evidence 11.0/20 P/E 9.8× · PEG — 15% evidence 4.9/20 RS sector -23.6% · RS bench -28.1% · 1Y -35.6%0 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 9.1 + 11 + 4.9 = 44.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Studio City International Holdings LimitedMSC 40.8/100Thin evidence · provisional55% evidence 21.3/35 Revenue 9.1% · PAT — · OPM change 6.5 pp 62% evidence 6.5/25 ROCE 1.1% · OPM 15.9% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 3.0/20 RS sector -44.1% · RS bench -45.6% · 1Y -60.8%0 of 11 weeks ahead 70% evidence
Exact sum: 21.3 + 6.5 + 10 + 3 = 40.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
11Las Vegas Sands Corp.this pageLVS 40.7/100Thin evidence · provisional58% evidence BASING 16.8/35 Revenue — · PAT — · OPM change 3.9 pp 45% evidence 12.6/25 ROCE 3.6% · OPM 25.2% 76% evidence 10.0/20 P/E 18× · PEG — 15% evidence 1.3/20 RS sector -21.2% · RS bench -25.3% · 1Y -12.6%0 of 12 weeks ahead 100% evidence
Exact sum: 16.8 + 12.6 + 10 + 1.3 = 40.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Hilton Grand Vacations Inc.HGV 39.7/100Thin evidence · provisional58% evidence ASLEEP 18.9/35 Revenue — · PAT — · OPM change 5.9 pp 45% evidence 7.3/25 ROCE 0.9% · OPM 11.1% 76% evidence 9.0/20 P/E 29.6× · PEG — 15% evidence 4.5/20 RS sector -4.1% · RS bench -8.9% · 1Y 5.8%5 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 7.3 + 9 + 4.5 = 39.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Vail Resorts, Inc.MTN 39.0/100Mixed-negative evidence85% evidence BREAKING OUT 2.5/35 Revenue -4.3% · PAT -40.3% · OPM change -3.6 pp 95% evidence 15.9/25 ROCE 11.3% · OPM 41% 76% evidence 8.1/20 P/E 28.9× · PEG 1.99 65% evidence 12.5/20 RS sector 0.2% · RS bench -5.2% · 1Y 0.6%5 of 12 weeks ahead 100% evidence
Exact sum: 2.5 + 15.9 + 8.1 + 12.5 = 39 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Wynn Resorts, LimitedWYNN 32.1/100Adverse evidence71% evidence BASING 11.1/35 Revenue 4.7% · PAT -12.1% · OPM change -0.6 pp 83% evidence 9.6/25 ROCE 2.7% · OPM 15.2% 76% evidence 8.7/20 P/E 30.3× · PEG — 15% evidence 2.7/20 RS sector -17.5% · RS bench -21.9% · 1Y -8.3%0 of 12 weeks ahead 100% evidence
Exact sum: 11.1 + 9.6 + 8.7 + 2.7 = 32.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Full House Resorts, Inc.FLL 46.2/100Thin evidence · provisional14% evidence 17.5/35 Revenue — · PAT — · OPM change — 0% evidence 12.5/25 ROCE — · OPM — 0% evidence 10.0/20 P/E — · PEG — 0% evidence 6.2/20 RS sector -7.1% · RS bench -12% · 1Y -38.1%4 of 8 weeks ahead to 2026-07-10 70% evidence
Exact sum: 17.5 + 12.5 + 10 + 6.2 = 46.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Las Vegas Sands Corp.'s stock price today?

Las Vegas Sands Corp. trades at $46.0, −11.9% over the past year. The company is valued at $30.0 B. The stock sits at 3% of its 52-week range of $45–$68, −17.5% versus its 200-day average. On the tape, the price is building a base, 16 weeks in. — as of 5 August 2026.

What were Las Vegas Sands Corp.'s latest quarterly results?

Las Vegas Sands Corp. reported revenue of $3.6 B and net profit of $0.6 B for the Mar 26 quarter. Revenue rose 25.2% and profit rose 56.1% year on year. Earnings per share were $0.85. The operating margin was 25.1%, 3.8 pp higher than a year earlier. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s revenue?

Las Vegas Sands Corp. reported revenue of $3.6 B in the Mar 26 quarter, +25.2% year on year. For the full FY25 fiscal year, revenue was $13.0 B (+15.2%). Over the last 4 years revenue compounded at 32.5% a year. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s profit?

Las Vegas Sands Corp. earned $0.6 B of net profit in the Mar 26 quarter, +56.1% year on year — the 4th straight quarter of growth. Full-year FY25 profit was $1.9 B. The operating margin ran 25.1% in the latest quarter. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s market cap?

Las Vegas Sands Corp.'s market capitalisation is $30.0 B at a stock price of $46.0. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s P/E ratio?

Las Vegas Sands Corp. trades at a P/E of 17.9×, at the 15th percentile of its own 4-year range, against a long-run median of 23.0×. This is a comparison with the stock's own history, not a value call — as of 5 August 2026.

Does Las Vegas Sands Corp. pay a dividend?

Yes — Las Vegas Sands Corp. declared $0.30 per share for Mar 26, and $1.10 per share across the last four reported quarters. The latest quarter is up 20.0% on the same quarter a year earlier. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s dividend per share?

Las Vegas Sands Corp.'s most recently declared dividend is $0.30 per share for Mar 26, giving $1.10 per share over the trailing twelve months. Each figure is the amount declared for that quarter as reported, added across four quarters for the trailing total. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s dividend yield?

Las Vegas Sands Corp.'s trailing dividend yield is 2.39%: $1.10 declared per share across the last four reported quarters, against a share price of $46.0. Each quarter’s figure is the amount declared for that quarter as reported, added across four quarters and divided by the latest close. — as of 5 August 2026.

Is Las Vegas Sands Corp. overvalued?

On its own history, Las Vegas Sands Corp. looks cheap against its own history: its P/E of 17.9× has been cheaper only 15% of the time in 4 years (long-run median 23.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 5 August 2026.

Is Las Vegas Sands Corp. growing?

Yes — Las Vegas Sands Corp. is growing: latest-quarter revenue +25.2% year on year, profit +56.1%, and the margin +3.8 pp at 25.1%. The earnings engine currently reads: improving — as of 5 August 2026.

How is Las Vegas Sands Corp. performing?

Las Vegas Sands Corp. is building a base, 16 weeks in. Its latest quarter's revenue rose 25.2% and profit rose 56.1% year on year. Against the S&P 500 it has been behind on a trailing-13-week view for 28 weeks. This describes what the data did, not a rating. — as of 5 August 2026.

What stage is Las Vegas Sands Corp. in?

Mixed — no clean majority across the growth curves, ROCE lifting at 17.8% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +22.6% latest, profit growth +33.8% latest, eps growth +50.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 5 August 2026.

Is Las Vegas Sands Corp. in an uptrend?

No — the price is building a base (week 16 of stage 1), trading −17.5% versus its 200-day average and at 3% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 5 August 2026.

Is Las Vegas Sands Corp. beating the market?

Not lately — on a trailing-13-week view Las Vegas Sands Corp. is currently behind the S&P 500 (28 weeks and counting; last ahead the week of 2026-01-23), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +4% against the S&P 500's +263% — behind the index over the full window. — as of 5 August 2026.

Will Las Vegas Sands Corp.'s stock price go up?

This page publishes no price forecast for Las Vegas Sands Corp. What it measures instead: the stock price is $46.0, the price is building a base 16 weeks in. Its P/E of 17.9× sits at the 15th percentile of its own 4-year range. — as of 5 August 2026.

Is the market betting against Las Vegas Sands Corp.?

Somewhat — short interest is 6.1% of Las Vegas Sands Corp.'s tradable float, about 3.8 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 5 August 2026.

Does Las Vegas Sands Corp. have too much debt?

It carries real leverage — Las Vegas Sands Corp.'s debt-to-equity is 17.04. A year-by-year borrowings ladder is not in our numbers for this stock, so the latest reading is the cleanest hold. Read the returns on this page with that leverage in mind — as of 5 August 2026.

What is Las Vegas Sands Corp.'s capex?

Las Vegas Sands Corp. spent $4.0 B on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was $1.2 B. — as of 5 August 2026.

What is Las Vegas Sands Corp.'s cash flow?

Las Vegas Sands Corp. generated $3.0 B of operating cash flow in FY25 and $1.9 B of free cash flow after $1.2 B of capital spending. Reported profit that year was $1.9 B, so operating cash ran ahead of profit. — as of 5 August 2026.

Is Las Vegas Sands Corp.'s profit real cash?

Yes — over the last 3 fiscal years, 187% of Las Vegas Sands Corp.'s reported profit arrived as operating cash. In FY25, operating cash was $3.0 B against reported profit of $1.9 B. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 5 August 2026.

How financially safe is Las Vegas Sands Corp.?

On the balance sheet, the Z-score reads 2.75 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is in the grey band — neither clearly safe nor clearly distressed. — as of 5 August 2026.

Where is Las Vegas Sands Corp. in its business cycle?

Las Vegas Sands Corp.'s FY25 operating margin was 21.7%, against a 5-year band of −19.2%–22.3%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 25.1%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 5 August 2026.

What could break the Las Vegas Sands Corp. story?

The sharpest disagreement: annual EPS moved +19.9% against a −11.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 5 August 2026.

Is Las Vegas Sands Corp. a stock worth studying right now?

This is not investment advice. The machine read: Las Vegas Sands Corp. is coiled. The quarters are improving, yet the P/E sits at the 15th percentile of its own 4-year range — the business is moving before the market. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 5 August 2026.

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