Las Vegas Sands (LVS) Invested Capital (2009 - 2026)
Las Vegas Sands (LVS) posted quarterly Invested Capital of $1.6 billion for Q2 2026, up 69.88% year-over-year from $923.0 million in Q2 2025, and down 14.04% quarter-over-quarter from $1.8 billion in Q1 2026.
Las Vegas Sands (LVS) Invested Capital (2009 - 2026) Analysis & Trends
Las Vegas Sands' Invested Capital history runs 18 years deep, the most recent figure standing at $1.6 billion for Q2 2026.
- In Q2 2026, Invested Capital rose 69.88% year-over-year to $1.6 billion; the TTM figure through Jun 2026 stood at $6.4 billion (down 34.32% YoY), while the FY2025 annual figure was $1.1 billion, down 64.3% from the prior year.
- Invested Capital for Q2 2026 stood at $1.6 billion, down from $1.8 billion in the prior quarter.
- The five-year high for Invested Capital was $3.2 billion in Q4 2024, with the low at $71.0 million in Q2 2023.
- The 5-year median for Invested Capital is $1.8 billion (2023), against an average of $1.6 billion.
- The sharpest annual moves came in 2023 and 2025: Invested Capital jumped 2702.78% in 2023, then sank 64.3% in 2025.
- Las Vegas Sands' Invested Capital stood at $2.0 billion in 2022, then fell by 6.45% to $1.9 billion in 2023, then jumped by 66.32% to $3.2 billion in 2024, then tumbled by 64.3% to $1.1 billion in 2025, then soared by 39.01% to $1.6 billion in 2026.
- Business Quant data shows LVS's Invested Capital at $1.6 billion in Q2 2026, $1.8 billion in Q1 2026, and $1.1 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.78 Bn | 27.40 Bn | 1.81 Bn | 1.57 Bn |
| 2 | MGM Resorts International | 11.10 Bn | 8.55 Bn | 3.10 Bn | - |
| 3 | Wynn Resorts | 10.30 Bn | 8.73 Bn | 1.14 Bn | 1.43 Bn |
| 4 | Caesars Entertainment | 6.07 Bn | 5.01 Bn | 2.04 Bn | 114.00 Mn |
| 5 | Boyd Gaming | 6.06 Bn | 5.73 Bn | 766.76 Mn | - |
| 6 | Vail Resorts | 5.46 Bn | 5.09 Bn | - | 73.51 Mn |
| 7 | Marriott Vacations Worldwide | 3.91 Bn | 3.61 Bn | 1.29 Bn | - |
| 8 | Hilton Grand Vacations | 3.57 Bn | 3.30 Bn | 499.00 Mn | - |
| 9 | Red Rock Resorts | 3.53 Bn | 2.93 Bn | 420.02 Mn | 48.92 Mn |
| 10 | PENN Entertainment | 2.49 Bn | 1.60 Bn | 1.02 Bn | 2.06 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.57 Bn |
| Mar 31, 2026 | 1.82 Bn |
| Dec 31, 2025 | 1.13 Bn |
| Sep 30, 2025 | 1.92 Bn |
| Jun 30, 2025 | 923.00 Mn |
| Mar 31, 2025 | 2.99 Bn |
| Dec 31, 2024 | 3.16 Bn |
| Sep 30, 2024 | 2.73 Bn |
| Jun 30, 2024 | 930.00 Mn |
| Mar 31, 2024 | 2.04 Bn |
| Dec 31, 2023 | 1.90 Bn |
| Sep 30, 2023 | 1.82 Bn |
| Jun 30, 2023 | 71.00 Mn |
| Mar 31, 2023 | 2.02 Bn |
| Dec 31, 2022 | 2.03 Bn |
| Sep 30, 2022 | 1.51 Bn |
| Jun 30, 2022 | 73.00 Mn |
| Mar 31, 2022 | 72.00 Mn |
| Dec 31, 2021 | 74.00 Mn |
| Sep 30, 2021 | 73.00 Mn |