Las VegasndsWBO:LVSC +1.47%81 Operating Margin % is 25.55% as of Mar. 2026, which is 10% above its 10-year median of 23.22. GuruFocus rates WBO:LVSC with a GF Score™ of 81/100 and a GF Value™ of €58.82 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 844 Travel & Leisure companies, Las Vegasnds ranks better than 87.2% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Las Vegasnds's Operating Income for the
three
months ended in Mar. 2026 was €792 Mil. Las Vegasnds's Revenue for the
three
months ended in Mar. 2026 was €3,101 Mil. Therefore, Las Vegasnds's Operating Margin % for the quarter that ended in Mar. 2026 was 25.55%.
The historical rank and industry rank for Las Vegasnds's Operating Margin % or its related term are showing as below:
WBO:LVSC'
s Operating Margin % Range Over the Past 10 Years
Min: -44.25 Med: 23.22 Max: 28.7
Current: 24.64
WBO:LVSC's Operating Margin % is ranked better than 87.2% of 844
companies
in the Travel & Leisure industry
Industry Median: 8.135
vs WBO:LVSC: 24.64
Las Vegasnds's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Las Vegasnds's Operating Income for the
three
months ended in Mar. 2026 was €792 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €2,910 Mil.
Las Vegasnds (WBO:LVSC) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Las Vegasnds Operating Margin % Related Terms
Las Vegasnds Operating Margin % Historical Data
* Premium members only.
The historical data trend for Las Vegasnds's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:LVSC vs MGM, WYNN, BYD: Operating Margin % Comparison
For the Resorts & Casinos subindustry, Las Vegasnds's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Las Vegasnds Operating Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Las Vegasnds's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Las Vegasnds's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Las Vegasnds (WBO:LVSC) has a Operating Margin % of 25.55% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Las Vegasnds and its competitors. This is 10% above median its historical median of 23.22. According to the industry distribution chart, Las Vegasnds ranks #108 out of 844 companies in the Travel & Leisure industry, placing it in the top 12.8%.
Is Las Vegasnds' Operating Margin % too high?
Las Vegasnds' current Operating Margin % of 25.55% is 10% above median its 10-year median of 23.22. The Travel & Leisure industry median Operating Margin % is 8.14. Las Vegasnds' value of 25.55% is 214.1% above this industry median. Based on the distribution chart, Las Vegasnds ranks #108 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Las Vegasnds has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Las Vegasnds' Operating Margin % compare to MGM and WYNN?
According to the Travel & Leisure industry distribution chart, Las Vegasnds ranks #108 out of 844 companies for Operating Margin %. This places Las Vegasnds in the top 13% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 8.14. Las Vegasnds' value of 25.55% is 214.1% above this benchmark. While the company's 10-year median is 23.22 vs. the industry median of 8.14, Las Vegasnds has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Travel & Leisure company?
The median Operating Margin % among Travel & Leisure companies is 8.14, based on 844 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Las Vegasnds's current Operating Margin % of 25.55% is 214.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Las Vegasnds and its competitors. For the Travel & Leisure industry, the median Operating Margin % is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Las Vegasnds's current Operating Margin % is 25.55%, which is 10% above median its own 10-year median of 23.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Las Vegasnds stock overvalued right now?
Based on GuruFocus' analysis, Las Vegasnds (WBO:LVSC) is currently considered Modestly Undervalued. The stock's GF Value™ is €58.82, compared to a current price of €42.74 — trading 27.3% below its estimated fair value. The current Operating Margin % is 25.55%, which is 10% above median its 10-year median of 23.22 and 214.1% above the Travel & Leisure industry median of 8.14. Las Vegasnds' overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Las Vegasnds (WBO:LVSC), the current Operating Margin % is 25.55% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Las Vegasnds (WBO:LVSC) Overvalued in 2026?
Based on GuruFocus' analysis, Las Vegasnds stock appears to be undervalued.
The current stock price of €42.74 is trading 27.3% below its estimated GF Value™ of €58.82.
GuruFocus considers Las Vegasnds to be Modestly Undervalued.
Key valuation signals for WBO:LVSC:
Operating Margin %: 25.55% (10% above median its 10-year median of 23.22)
GF Value™: €58.82 vs. price of €42.74 (27.3% below fair value)
Industry Position: 214.1% above the Travel & Leisure median (#108 of 844)
No single metric tells the full story. See the WBO:LVSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, Sands generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
81GF Score
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