Company data sheet · Sands China
Sands China: from profit to three straight losses.
- Industry
- Hotels & Motels
- Headquarters
- Macao SAR China
- Sources
- SEC filings (2018–2023), Stratrix's verified Decision Cases, market data and official economic statistics for Macao SAR China
- Data as of
- October 18, 2026
- From profit to three straight losses. Sands China earned $5.5 billion in 2017–2019. Then it lost money every year from 2020 to 2022: $4.2 billion in all.
- Left behind by its peers. From 2016 to 2022, its revenue shrank 75% in US dollars; the median among 291 large service companies grew 71%. It outgrew only 1% of them.
- Still smaller than it was. Revenue reached $1.6 billion in 2022, 82% below its 2019 peak of $8.8 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $6.5 billion | $1.2 billion | |
| 2017 | $7.6 billion | $1.6 billion | |
| 2018 | $8.7 billion | $1.9 billion | |
| 2019 | $8.8 billion | $2 billion | |
| 2020 | $1.7 billion | −$1.5 billion | |
| 2021 | $2.9 billion | −$1 billion | |
| 2022 | $1.6 billion | −$1.6 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Peer comparison: against 528 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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