Las Vegas Sands Corp (LVS)

Operating 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
Operating income (ttm)	US$ in thousands	2,402,000	2,522,000	2,706,000	2,652,000	2,313,000	1,437,000	572,000	-112,000	-792,000	-764,000	-903,000	-895,000	-689,000	-670,000	-877,000	-1,495,000	-1,393,000	-340,000	1,082,000	2,733,000
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
Operating profit margin		21.26%	22.29%	23.67%	23.66%	22.30%	16.76%	8.43%	-2.12%	-19.27%	-19.10%	-23.44%	-22.48%	-16.27%	-15.80%	-22.90%	-54.98%	-47.38%	-6.26%	13.13%	23.74%

December 31, 2024 calculation

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

Las Vegas Sands Corp's operating profit margin has exhibited fluctuations over the periods reported. The operating profit margin was positive in the range of 13.13% to 23.74% up to June 2020. However, from September 2020 to June 2022, the company experienced negative operating profit margins, reaching as low as -54.98% in March 2021.

Beginning in March 2023, the operating profit margin started to improve, turning positive at 8.43% in June 2023 and steadily increasing to reach 23.67% by June 2024. The company recorded a stable operating profit margin within the range of 21.26% to 23.67% from December 2024 to June 2024, indicating better operational efficiency and profitability during these periods.