GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Las Vegas Sands Corp (NYSE:LVS) » Definitions » Operating Margin %

LVS (Las Vegasnds) Operating Margin % : 19.35% (As of Sep. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Las Vegasnds Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Las Vegasnds's Operating Income for the three months ended in Sep. 2024 was $519 Mil. Las Vegasnds's Revenue for the three months ended in Sep. 2024 was $2,682 Mil. Therefore, Las Vegasnds's Operating Margin % for the quarter that ended in Sep. 2024 was 19.35%.

The historical rank and industry rank for Las Vegasnds's Operating Margin % or its related term are showing as below:

LVS' s Operating Margin % Range Over the Past 10 Years
Min: -44.25   Med: 24.54   Max: 28.7
Current: 22.8


LVS's Operating Margin % is ranked better than
85.37% of 820 companies
in the Travel & Leisure industry
Industry Median: 8.1 vs LVS: 22.80

Las Vegasnds's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Las Vegasnds's Operating Income for the three months ended in Sep. 2024 was $519 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $2,580 Mil.


Las Vegasnds Operating Margin % Historical Data

The historical data trend for Las Vegasnds's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Las Vegasnds Operating Margin % Chart

Las Vegasnds Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.70 -44.25 -15.19 -18.73 22.71

Las Vegasnds Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.87 24.60 24.81 22.09 19.35

Competitive Comparison of Las Vegasnds's Operating Margin %

For the Resorts & Casinos subindustry, Las Vegasnds's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Las Vegasnds's Operating Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's Operating Margin % falls into.



Las Vegasnds Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Las Vegasnds's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=2355 / 10372
=22.71 %

Las Vegasnds's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=519 / 2682
=19.35 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Las Vegasnds  (NYSE:LVS) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Las Vegasnds Operating Margin % Related Terms

Thank you for viewing the detailed overview of Las Vegasnds's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Las Vegasnds Business Description

Address
5420 S. Durango Drive, Las Vegas, NV, USA, 89113
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 toward the end of 2028. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and VICI in 2022. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
Executives
Robert G Goldstein officer: Senior Vice President 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Miriam Adelson 10 percent owner 5500 HAVEN STREET, LAS VEGAS NV 89119
Charles D Forman director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Yibing Mao director C/O LAS VEGAS SANDS CORP., 3355 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Nora M. Jordan director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
D. Zachary Hudson officer: EVP and Global General Counsel 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Xuan Yan director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lawrence A Jacobs officer: EVP & Global General Counsel THE NEWS CORPORATION LIMITED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
George Jamieson director C/O LAS VEGAS SANDS CORP, 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lewis Kramer director C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Randy Hyzak officer: SVP, Chief Accounting Officer C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Patrick Dumont officer: Principal Financial Officer 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Stephanie Marz officer: Principal Accounting Officer 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Tanasijevich officer: Pres & CEO, Marina Bay Sands LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ira H Raphaelson officer: EVP & Global General Counsel LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109