Las Vegas Sands Corp (LVS)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	6,950,000	8,042,000	2,125,000	2,343,000	1,340,000
Revenue	US$ in thousands	11,298,000	10,372,000	4,110,000	4,234,000	2,940,000
Gross profit margin		61.52%	77.54%	51.70%	55.34%	45.58%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $6,950,000K ÷ $11,298,000K
= 61.52%

Based on the provided data, the gross profit margin of Las Vegas Sands Corp has shown a mixed trend over the years. In 2020, the gross profit margin was 45.58%, indicating that for every dollar of revenue generated, the company retained approximately 45.58 cents after accounting for the cost of goods sold.

However, there was a substantial increase in the gross profit margin in 2023, reaching 77.54%. This significant improvement suggests that the company was able to effectively control its cost of goods sold relative to its revenue, resulting in a higher margin retained as gross profit.

In 2021 and 2022, the gross profit margin remained relatively stable at 55.34% and 51.70% respectively, indicating a consistent performance in managing the cost structure during those years.

In 2024, there was a slight decrease in the gross profit margin to 61.52%. Although slightly lower than the peak in 2023, this level still represents a healthy margin, showcasing the company's ability to generate profits from its operations.

Overall, the trend in Las Vegas Sands Corp's gross profit margin reflects fluctuations but generally demonstrates the company's capability to manage its production costs effectively and improve profitability over time.