Las Vegas Sands Corp. (LVS) FCF Payout Ratio: 32.76%
Is Las Vegas Sands Corp.’s FCF payout ratio high or low?
Las Vegas Sands Corp.'s FCF payout ratio of 32.76% is in line with its 2-year average of 32.87%, around the middle of its 2-year range (15.48%–46.80%).
21.18% below its 12-month average of 41.56%.
LVS FCF Payout Ratio Chart
LVS Average FCF Payout Ratio Chart
LVS Current vs Average FCF Payout Ratio Chart
LVS FCF Payout Ratio Metrics
FCF PAYOUT RATIO
32.76%
FCF PAYOUT RATIO AVG TTM
41.56%
FCF PAYOUT RATIO AVG 3Y
32.87%
FCF PAYOUT RATIO AVG 5Y
32.87%
FCF PAYOUT RATIO AVG 10Y
74.59%
FCF PAYOUT RATIO AVG 15Y
64.20%
FCF PAYOUT RATIO AVG 20Y
64.20%
CURRENT VS TTM AVG
-21.18%
CURRENT VS 3Y AVG
-0.33%
CURRENT VS 5Y AVG
-0.33%
CURRENT VS 10Y AVG
-56.08%
CURRENT VS 15Y AVG
-48.97%
CURRENT VS 20Y AVG
-48.97%
Payout Ratio Comparison
FCF Payout Ratio
32.8%
Earnings Payout Ratio
46.8%
Dividend Yield
2.17%
FCF Yield
6.83%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.78B | $833.00M | 46.8% |
| 2024 | $1.62B | $590.00M | 36.3% |
| 2023 | $1.97B | $305.00M | 15.5% |
| 2022 | ($1.57B) | $0 | N/A (Loss) |
| 2021 | ($824.00M) | $0 | N/A (Loss) |
| 2020 | ($2.54B) | $603.00M | N/A (Loss) |
| 2019 | $1.97B | $2.37B | 120.3% |
| 2018 | $3.75B | $2.35B | 62.7% |
| 2017 | $3.71B | $2.31B | 62.4% |
| 2016 | $2.60B | $2.92B | 112.5% |
| 2015 | $1.93B | $2.71B | 140.3% |
| 2014 | $3.65B | $2.39B | 65.3% |
| 2013 | $3.50B | $1.56B | 44.7% |
| 2012 | $1.61B | $917.95M | 57.1% |
| 2011 | $1.15B | $75.30M | 6.5% |
| 2010 | ($199.13M) | $93.40M | N/A (Loss) |
| 2009 | ($1.45B) | $94.70M | N/A (Loss) |
| 2008 | ($3.66B) | $6.85M | N/A (Loss) |
| 2007 | ($3.43B) | $0 | N/A (Loss) |
| 2006 | ($2.12B) | $0 | N/A (Loss) |
| 2005 | ($270.70M) | $21.05M | N/A (Loss) |
| 2004 | ($92.38M) | $125.03M | N/A (Loss) |
| 2003 | ($142.83M) | $0 | N/A (Loss) |
| 2002 | ($49.90M) | $0 | N/A (Loss) |
| 2001 | $0.00M | $0 | N/A (Loss) |
| 2000 | $0.00M | $0 | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Las Vegas Sands Corp. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Las Vegas Sands Corp. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The FCF payout ratio for LVS stock is 32.76%.
- Is Las Vegas Sands Corp.'s FCF payout ratio high or low?
- Las Vegas Sands Corp.'s FCF payout ratio of 32.76% is in line with its 2-year average of 32.87%, around the middle of its 2-year range (15.48%–46.80%).
- What is the TTM average FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The TTM average FCF payout ratio for LVS stock is 41.56%.
- What is the 3Y average FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The 3Y average FCF payout ratio for LVS stock is 32.87%.
- What is the 5Y average FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The 5Y average FCF payout ratio for LVS stock is 32.87%.
- What is the 10Y average FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The 10Y average FCF payout ratio for LVS stock is 74.59%.
- What is the 15Y average FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The 15Y average FCF payout ratio for LVS stock is 64.20%.
- What is the 20Y average FCF payout ratio for Las Vegas Sands Corp. (LVS)?
- The 20Y average FCF payout ratio for LVS stock is 64.20%.
Las Vegas Sands Corp. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 46.80% |
| 2024-12-31 | 36.33% |
| 2023-12-31 | 15.48% |
| 2019-12-31 | 120.34% |
| 2018-12-31 | 62.69% |
| 2017-12-31 | 62.36% |
| 2016-12-31 | 112.50% |
| 2015-12-31 | 140.26% |
| 2014-12-31 | 65.33% |
| 2013-12-31 | 44.75% |
| 2012-12-31 | 57.07% |
| 2011-12-31 | 6.53% |
About Las Vegas Sands Corp.
Las Vegas Sands Corporation, in conjunction with its various subsidiaries, specializes in the development, ownership, and ongoing management of comprehensive integrated resort properties across both Asian and United States markets. The company maintains a significant portfolio of establishments in Macao, People's Republic of China, including The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao (which encompasses the Four Seasons Hotel Macao, Cotai Strip), and the Sands Macao. Furthermore, its Asian operations extend to Singapore, where it presides over the iconic Marina Bay Sands. Domestically, Las Vegas Sands also operates key assets within Las Vegas, Nevada: The Venetian Resort Hotel Casino, prominently situated on the renowned Las Vegas Strip, and the Sands Expo and Convention Center. These expansive integrated resorts are meticulously designed to offer a full spectrum of guest experiences, boasting luxurious accommodations, extensive gaming facilities, diverse entertainment venues, high-end retail shopping complexes, state-of-the-art convention and exhibition spaces, gourmet restaurants helmed by celebrity chefs, and numerous other guest conveniences. Established in 1988, Las Vegas Sands Corp. maintains its corporate headquarters in Las Vegas, Nevada.
- Sector
- Consumer Cyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Patrick Dumont