SPG vs LVS Stock Comparison

Simon Property and Las Vegas Sands Prices as of Oct 23, 2026 Peers: Industry group
LVS Las Vegas Sands Corp
$35.67 -9.0% 1M -37.3% 1Y
Market cap
$23.34B
P/E
14.5x
Revenue (TTM)
$13.60B
Div. yield
–
Casinos Consumer Discretionary
5 wins

Head to Head

11 decided of 12

Simon Property leads on 6 of the 12 questions below (Simon Property 6, Las Vegas Sands 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSPGLVSLeader
Larger companyMarket capitalisation $69.14B $23.34B SPG
Cheaper on earningsLower P/E, profitable companies only 14.7x 14.5x LVS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.0x 12.4x LVS
Faster revenue growthRevenue growth, trailing twelve months +10.9% +10.9% LVS
More profitableNet margin, trailing twelve months 70.5% 11.8% SPG
Better return on capitalReturn on invested capital 15.6% 14.9% SPG
Less leveragedLower net debt / EBITDA 5.7x 2.9x LVS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +18.4% -37.3% SPG
Better 5-year returnAnnualised price return, 5 years +7.8%/yr -1.3%/yr SPG
Less volatileAnnualised volatility, 1 year 19.2% 31.5% SPG
Higher overall scoreMean of the five percentile scores vs peers 55/100 80/100 LVS

Percentile Scorecard

SPGLVS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSPGLVS
Valuation 23 #112 of 145 86 #7 of 44
Growth 82 #27 of 144 81 #9 of 43
Profitability 99 #3 of 140 95 #3 of 42
Financial Health 27 #107 of 146 53 #23 of 48
Shareholder Returns 46 #72 of 132 85 #5 of 28
Overall 55 80
  • SPG ranked among 149 companies in Property REITs
  • LVS ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSPGLVSSPY
1 month +3.6%-9.0% -1.0%
3 months -7.9%-22.6% +2.9%
6 months +5.2%-32.5% +6.4%
Year to date +14.3%-45.2% +11.4%
1 year +18.4%-37.3% +13.1%
3 years +99.7%-25.1% +79.4%
3 years, per year +26.0%-9.2% +21.5%
5 years +45.8%-6.1% +67.7%
5 years, per year +7.8%-1.3% +10.9%
10 years +7.7%-37.6% +255.2%
10 years, per year +0.7%-4.6% +13.5%

Risk

MeasureSPGLVSSPY
Volatility, 1Y 19.2%31.5% 12.7%
Downside volatility, 1Y 18.3%35.6% 12.7%
Beta vs S&P 500, 1Y 0.200.58 1.00
Return / volatility, 1Y 0.96-1.18 1.03
Max drawdown, 5Y -48.8%-52.7% -25.4%
From 52-week high -10.6%-48.7% -2.5%
52-week high $236.69$69.49 $779.14
52-week low $173.35$35.67 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSPGLVS
P/E now vs peer median 14.7xmedian 27.0x 14.1xmedian 17.0x
P/S now vs peer median 10.9xmedian 4.1x 1.6xmedian 1.9x
EV/EBITDA now vs peer median 20.6xmedian 14.5x 7.9xmedian 10.5x
P/FCF now vs peer median 28.9xmedian 23.7x 9.3xmedian 11.2x
P/B now vs peer median 12.0xmedian 1.3x -65.0xmedian 2.5x
PEG now vs peer median 0.49median 2.07 0.33median 0.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSPGLVS
Revenue $6.65B $13.60B
Gross profit – $6.46B
Operating income $3.21B $2.85B
Net income $5.45B $1.81B
Free cash flow $2.51B $2.41B
R&D – $180.00M
EPS (diluted) $14.43 $2.52
Cash & equivalents $542.96M $2.86B
Total debt $28.25B $62.21B
Shares (diluted) 324.96M 640.00M
Enterprise value $64.99B $9.94B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSPGLVS
P/E 14.7x 14.1x
P/FCF 28.9x 9.3x
P/Operating cash flow 17.5x 6.4x
P/S 10.9x 1.6x
P/B 12.0x -65.0x
P/Tangible book 12.0x -65.0x
EV/EBITDA 20.6x 7.9x
EV/EBIT 31.3x 12.3x
EV/Revenue 15.1x 2.6x
EV/FCF 40.0x 14.5x
EV/Operating cash flow 24.2x 10.0x
PEG (3Y EPS CAGR) 0.49 0.33

Growth

14 metrics
MetricSPGLVS
Revenue growth (1Y) 10.9% 10.9%
Revenue CAGR (3Y) 7.5% 16.6%
Gross profit growth (1Y) – 5.5%
Gross profit CAGR (3Y) – 16.0%
Operating income growth (1Y) 4.0% 5.4%
Operating income CAGR (3Y) 6.9% 25.6%
Net income growth (1Y) 130.6% 0.2%
Net income CAGR (3Y) 30.0% 39.4%
EPS growth (1Y) 129.8% 10.9%
EPS CAGR (3Y) 29.7% 42.3%
Operating cash flow growth (1Y) 7.1% 27.5%
Operating cash flow CAGR (3Y) 2.9% 18.1%
Free cash flow growth (1Y) -3.4% 86.1%
Free cash flow CAGR (3Y) -4.8% 23.5%

Profitability

14 metrics
MetricSPGLVS
Gross margin – 47.5%
EBITDA margin 73.3% 32.4%
Operating margin 48.3% 20.9%
Pretax margin 32.9% 16.3%
Net margin 70.5% 11.8%
FCF margin 37.7% 17.7%
Operating cash flow margin 62.3% 25.6%
Return on equity 87.0% 656.1%
Return on assets 13.6% 9.2%
Return on invested capital 15.6% 14.9%
Return on capital employed – 18.9%
Asset turnover 0.2x 0.7x
Cash conversion (OCF / net income) 0.8x 1.9x
Stock comp / revenue – 0.5%

Financial Health

11 metrics
MetricSPGLVS
Debt / assets 71.3% 79.5%
Debt / equity 4.7x -44.9x
Net debt / EBITDA 5.7x 2.9x
Debt / FCF 11.3x 6.4x
Liabilities / assets 84.7% 101.8%
Equity / assets 15.3% -1.8%
Interest coverage 3.1x 3.8x
Current ratio – 0.8x
Quick ratio – 0.8x
Cash ratio – 0.6x
Altman Z-score – 2.18

Shareholder Returns

7 metrics
MetricSPGLVS
Dividend yield 4.2% 3.2%
Net buyback yield 0.2% 12.2%
Shareholder yield 4.4% 15.4%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSPGLVS
Forward P/E 31.0xFY2026 12.4xFY2026
EPS, next fiscal year $6.82FY2026 $2.88FY2026
EPS growth, next FY -51.9%FY2026 -4.3%FY2026
EPS growth, the year after +8.2% +14.9%
Revenue, next fiscal year $7.17BFY2026 $14.54BFY2026
Revenue growth, next FY +12.8%FY2026 +11.7%FY2026
Revenue growth, the year after -7.8% +4.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSPGLVS
Held by institutions 93.2% 41.0%
Institutions holding 1,357 710
Change in shares held, QoQ +3.8% +0.1%
Institutions buying 679 331
Institutions selling 462 290
Buyers to sellers 1.47 1.14

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SPGLVS
SPG 1.00 0.04
LVS 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SPG and LVS?

Simon Property (SPG) is the largest by market capitalisation: Simon Property (SPG) $69.14B, Las Vegas Sands (LVS) $23.34B.

Which stock is cheaper, SPG and LVS?

Las Vegas Sands (LVS) trades on the lowest price-to-earnings ratio (Simon Property (SPG) 14.7x, Las Vegas Sands (LVS) 14.5x). On next year's consensus earnings, Las Vegas Sands (LVS) is cheapest (Simon Property (SPG) 31.0x, Las Vegas Sands (LVS) 12.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Las Vegas Sands (LVS) grew revenue fastest over the trailing twelve months: Simon Property (SPG) +10.9%, Las Vegas Sands (LVS) +10.9%.

Which company is more profitable?

Simon Property (SPG) has the highest net margin (Simon Property (SPG) 70.5%, Las Vegas Sands (LVS) 11.8%). On return on invested capital, Simon Property (SPG) leads (Simon Property (SPG) 15.6%, Las Vegas Sands (LVS) 14.9%).

Which stock has performed better?

Over the past year Simon Property (SPG) returned the most: Simon Property (SPG) +18.4%, Las Vegas Sands (LVS) -37.3%. Over five years, Simon Property (SPG) compounded fastest (Simon Property (SPG) +7.8%/yr, Las Vegas Sands (LVS) -1.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Simon Property (SPG) has been the steadiest (Simon Property (SPG) 19.2%, Las Vegas Sands (LVS) 31.5%). Volatility measures how widely the price swings, not the risk of the business.

Do SPG and LVS move together?

Their daily returns over the past year have a correlation of 0.04, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, SPG and LVS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Simon Property (SPG) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.