Las Vegas Sands Corp (LVS)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	2,402,000	2,313,000	-792,000	-689,000	-1,393,000
Revenue	US$ in thousands	11,298,000	10,372,000	4,110,000	4,234,000	2,940,000
Operating profit margin		21.26%	22.30%	-19.27%	-16.27%	-47.38%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $2,402,000K ÷ $11,298,000K
= 21.26%

Las Vegas Sands Corp's operating profit margin has shown significant fluctuations over the years.

- As of December 31, 2020, the company's operating profit margin was -47.38%, indicating a negative margin, which may suggest that the company was facing challenges in generating profits from its core operations.

- By December 31, 2021, there was a slight improvement in the operating profit margin to -16.27%, but it still remained in the negative territory, implying that the company's profitability had not fully recovered.

- In the following year, as of December 31, 2022, the operating profit margin further improved to -19.27%, indicating a continued effort to enhance operational efficiency and profitability.

- The year 2023 marked a significant turnaround for Las Vegas Sands Corp, with an operating profit margin of 22.30%, indicating that the company was able to generate profits from its core operations and improve its efficiency.

- By December 31, 2024, the operating profit margin remained strong at 21.26%, reflecting sustained profitability and operational effectiveness for the company.

Overall, Las Vegas Sands Corp's operating profit margin has shown a remarkable recovery from negative margins to strong positive margins, demonstrating the company's ability to enhance profitability and operational performance over the years.