Las Vegas Sands Corp (LVS)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 9,481,000 | 9,500,000 | 9,628,000 | 9,421,000 | 8,664,000 | 6,866,000 | 5,180,000 | 3,761,000 | 2,625,000 | 2,516,000 | 2,379,000 | 2,523,000 | 2,777,000 | 2,915,000 | 2,575,000 | 1,430,000 | 1,887,000 | 4,250,000 | 6,817,000 | 9,929,000 |
| Revenue (ttm) | US$ in thousands | 11,298,000 | 11,317,000 | 11,430,000 | 11,211,000 | 10,372,000 | 8,574,000 | 6,784,000 | 5,287,000 | 4,110,000 | 4,001,000 | 3,853,000 | 3,981,000 | 4,234,000 | 4,241,000 | 3,830,000 | 2,719,000 | 2,940,000 | 5,434,000 | 8,238,000 | 11,510,000 |
| Gross profit margin | 83.92% | 83.94% | 84.23% | 84.03% | 83.53% | 80.08% | 76.36% | 71.14% | 63.87% | 62.88% | 61.74% | 63.38% | 65.59% | 68.73% | 67.23% | 52.59% | 64.18% | 78.21% | 82.75% | 86.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,481,000K ÷ $11,298,000K
= 83.92%
Las Vegas Sands Corp's gross profit margin has displayed fluctuations over the past few years. The trend indicates a gradual decline from a high of 86.26% in March 2020 to a low of 52.59% in March 2021. This significant decrease may be attributed to various factors impacting the company's cost of goods sold or pricing strategies during this period.
From March 2021, there was a visible recovery in the gross profit margin, with an upward momentum seen until December 2023, reaching a peak of 83.53%. This improvement suggests that the company may have implemented cost-saving measures or enhanced its revenue streams effectively.
However, towards the end of 2024, there was a slight decrease in the gross profit margin, settling at around 83.92%. This minor dip could be due to factors such as increasing expenses or changes in the competitive landscape.
Overall, Las Vegas Sands Corp's gross profit margin portrays a mix of fluctuations and improvements over the years, indicating the company's ability to adapt to changing market conditions and optimize its profitability. Close monitoring of this metric is crucial for assessing the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024