Las Vegas Sands Corp (LVS)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,446,000	1,221,000	1,832,000	-961,000	-1,685,000
Revenue	US$ in thousands	11,298,000	10,372,000	4,110,000	4,234,000	2,940,000
Net profit margin		12.80%	11.77%	44.57%	-22.70%	-57.31%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,446,000K ÷ $11,298,000K
= 12.80%

The net profit margin of Las Vegas Sands Corp has demonstrated a significant improvement over the years, as seen in the data provided.

In December 31, 2020, the net profit margin was at a concerning -57.31%, indicating that the company's expenses were surpassing its revenue by a substantial margin.

By December 31, 2021, the net profit margin improved to -22.70%, showing some progress in managing expenses relative to revenue.

A notable turnaround occurred by December 31, 2022, when the net profit margin surged to a positive 44.57%, indicating that the company was generating a healthy profit relative to its revenue.

The profitability trend continued in December 31, 2023, with a net profit margin of 11.77%, demonstrating a solid performance in maintaining profitability.

Finally, as of December 31, 2024, the net profit margin further increased to 12.80%, showing continued strength in profitability.

Overall, these results suggest that Las Vegas Sands Corp has effectively managed its expenses and revenue to achieve a positive net profit margin and enhance its financial performance over the years.