Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Las Vegas Sands Corp., profitability ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Las Vegas Sands Corp. gross profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Las Vegas Sands Corp. operating profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Las Vegas Sands Corp. net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Las Vegas Sands Corp. ROE improved from 2020 to 2021 and from 2021 to 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Las Vegas Sands Corp. ROA improved from 2020 to 2021 and from 2021 to 2022. |
Gross Profit Margin
Las Vegas Sands Corp., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 1,650) | 1,608) | 1,004) | 6,907) | 6,755) | |
| Net revenues | 4,110) | 4,234) | 3,612) | 13,739) | 13,729) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 40.15% | 37.98% | 27.80% | 50.27% | 49.20% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Airbnb Inc. | 82.15% | 80.71% | 74.07% | — | — | |
| Chipotle Mexican Grill Inc. | 23.88% | 22.62% | 17.40% | 20.45% | — | |
| McDonald’s Corp. | 56.97% | 54.17% | 50.77% | 52.74% | — | |
| Starbucks Corp. | 25.96% | 28.87% | 21.51% | 28.25% | 29.74% | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenues
= 100 × 1,650 ÷ 4,110 = 40.15%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Las Vegas Sands Corp. gross profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Operating Profit Margin
Las Vegas Sands Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | (792) | (689) | (1,688) | 3,698) | 3,751) | |
| Net revenues | 4,110) | 4,234) | 3,612) | 13,739) | 13,729) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | -19.27% | -16.27% | -46.73% | 26.92% | 27.32% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Airbnb Inc. | 21.45% | 7.17% | -106.27% | — | — | |
| Booking Holdings Inc. | 29.85% | 22.78% | -9.28% | 35.48% | — | |
| Chipotle Mexican Grill Inc. | 13.44% | 10.67% | 4.85% | 7.95% | — | |
| McDonald’s Corp. | 40.42% | 44.59% | 38.13% | 43.03% | — | |
| Starbucks Corp. | 14.32% | 16.77% | 6.64% | 15.38% | 15.71% | |
| Operating Profit Margin, Sector | ||||||
| Consumer Services | 24.62% | 24.69% | 8.41% | 27.75% | — | |
| Operating Profit Margin, Industry | ||||||
| Consumer Discretionary | 8.47% | 8.79% | 6.48% | 7.63% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Net revenues
= 100 × -792 ÷ 4,110 = -19.27%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Las Vegas Sands Corp. operating profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Net Profit Margin
Las Vegas Sands Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Las Vegas Sands Corp. | 1,832) | (961) | (1,685) | 2,698) | 2,413) | |
| Net revenues | 4,110) | 4,234) | 3,612) | 13,739) | 13,729) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 44.57% | -22.70% | -46.65% | 19.64% | 17.58% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Airbnb Inc. | 22.54% | -5.88% | -135.71% | — | — | |
| Booking Holdings Inc. | 17.89% | 10.63% | 0.87% | 32.29% | — | |
| Chipotle Mexican Grill Inc. | 10.41% | 8.65% | 5.94% | 6.27% | — | |
| McDonald’s Corp. | 26.65% | 32.49% | 24.63% | 28.59% | — | |
| Starbucks Corp. | 10.18% | 14.45% | 3.95% | 13.58% | 18.28% | |
| Net Profit Margin, Sector | ||||||
| Consumer Services | 17.09% | 17.21% | 2.53% | 21.75% | — | |
| Net Profit Margin, Industry | ||||||
| Consumer Discretionary | 5.15% | 9.20% | 5.24% | 5.92% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net profit margin = 100 × Net income (loss) attributable to Las Vegas Sands Corp. ÷ Net revenues
= 100 × 1,832 ÷ 4,110 = 44.57%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Las Vegas Sands Corp. net profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Return on Equity (ROE)
Las Vegas Sands Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Las Vegas Sands Corp. | 1,832) | (961) | (1,685) | 2,698) | 2,413) | |
| Total Las Vegas Sands Corp. stockholders’ equity | 3,881) | 1,996) | 2,973) | 5,187) | 5,684) | |
| Profitability Ratio | ||||||
| ROE1 | 47.20% | -48.15% | -56.68% | 52.01% | 42.45% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Airbnb Inc. | 34.05% | -7.37% | -158.00% | — | — | |
| Booking Holdings Inc. | 109.92% | 18.86% | 1.21% | 82.00% | — | |
| Chipotle Mexican Grill Inc. | 37.97% | 28.42% | 17.61% | 20.81% | — | |
| McDonald’s Corp. | — | — | — | — | — | |
| Starbucks Corp. | — | — | — | — | 386.34% | |
| ROE, Sector | ||||||
| Consumer Services | — | 396.84% | — | — | — | |
| ROE, Industry | ||||||
| Consumer Discretionary | 21.65% | 34.37% | 25.29% | 34.62% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROE = 100 × Net income (loss) attributable to Las Vegas Sands Corp. ÷ Total Las Vegas Sands Corp. stockholders’ equity
= 100 × 1,832 ÷ 3,881 = 47.20%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Las Vegas Sands Corp. ROE improved from 2020 to 2021 and from 2021 to 2022. |
Return on Assets (ROA)
Las Vegas Sands Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to Las Vegas Sands Corp. | 1,832) | (961) | (1,685) | 2,698) | 2,413) | |
| Total assets | 22,039) | 20,059) | 20,807) | 23,199) | 22,547) | |
| Profitability Ratio | ||||||
| ROA1 | 8.31% | -4.79% | -8.10% | 11.63% | 10.70% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Airbnb Inc. | 11.80% | -2.57% | -43.70% | — | — | |
| Booking Holdings Inc. | 12.06% | 4.93% | 0.27% | 22.73% | — | |
| Chipotle Mexican Grill Inc. | 12.98% | 9.81% | 5.95% | 6.86% | — | |
| McDonald’s Corp. | 12.25% | 14.01% | 8.99% | 12.68% | — | |
| Starbucks Corp. | 11.73% | 13.38% | 3.16% | 18.73% | 18.70% | |
| ROA, Sector | ||||||
| Consumer Services | 12.08% | 10.22% | 1.24% | 15.92% | — | |
| ROA, Industry | ||||||
| Consumer Discretionary | 4.94% | 8.07% | 4.42% | 5.57% | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
ROA = 100 × Net income (loss) attributable to Las Vegas Sands Corp. ÷ Total assets
= 100 × 1,832 ÷ 22,039 = 8.31%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Las Vegas Sands Corp. ROA improved from 2020 to 2021 and from 2021 to 2022. |