Las Vegas Sands Corp (LVS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,221,000 | 1,832,000 | -961,000 | -1,685,000 | 2,698,000 |
| Revenue | US$ in thousands | 10,372,000 | 4,110,000 | 4,234,000 | 2,940,000 | 12,127,000 |
| Net profit margin | 11.77% | 44.57% | -22.70% | -57.31% | 22.25% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,221,000K ÷ $10,372,000K
= 11.77%
The net profit margin of Las Vegas Sands Corp has exhibited significant fluctuations over the past five years. In 2023, the net profit margin stood at 11.77%, reflecting a decrease from the previous year's exceptionally high level of 44.57%. This decline suggests a decrease in profitability relative to revenues generated in 2023.
The negative net profit margins observed in 2021 and 2020 indicate that the company incurred losses during those years, with margins of -22.70% and -46.65% respectively. These negative margins raise concerns about the company's ability to generate profits from its operations during those periods.
In contrast, the net profit margin in 2019 was 19.64%, indicating a strong profitability level relative to revenues generated in that year. Overall, the fluctuations in Las Vegas Sands Corp's net profit margin highlight the company's varying levels of profitability over the past five years, influenced by factors such as operational efficiency, revenue growth, and cost management.
Peer comparison
Dec 31, 2023