Las Vegas Sands (LVS) Invested Capital (2009 - 2026)
Las Vegas Sands (LVS) recorded quarterly Invested Capital of $3.0 billion in Q1 2026, down 1.31% quarter-over-quarter from $3.1 billion in Q4 2025, and down 16.73% on a YoY basis from $3.6 billion in Q1 2025.
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 $3.0 billion for Q1 2026.
- In Q1 2026, Invested Capital fell 16.73% year-over-year to $3.0 billion; the TTM figure through Mar 2026 stood at $3.0 billion (down 16.73% YoY), while the FY2025 annual figure was $3.1 billion, down 3.1% from the prior year.
- Invested Capital was $3.0 billion for Q1 2026 at Las Vegas Sands, down from $3.1 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $5.9 billion in Q2 2023 to a low of $1.9 billion in Q3 2025.
- Historically, Invested Capital has averaged $4.2 billion across 5 years, with a median of $4.6 billion in 2023.
- The sharpest annual moves came in 2022 and 2025: Invested Capital jumped 98.51% in 2022, then plunged 57.49% in 2025.
- A 5-year view of Invested Capital shows it stood at $5.4 billion in 2022, then retreated by 11.97% to $4.8 billion in 2023, then slumped by 34.13% to $3.2 billion in 2024, then fell by 3.1% to $3.1 billion in 2025, then retreated by 1.31% to $3.0 billion in 2026.
- The last three Invested Capital figures came in at $3.0 billion (Q1 2026), $3.1 billion (Q4 2025), and $1.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 10.31 Bn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 3.53 Bn |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 348.74 Mn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 15.51 Bn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 3.57 Bn |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 6.11 Bn |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 195.08 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 1.99 Bn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 3.87 Bn |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 3.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.02 Bn |
| Dec 31, 2025 | 3.06 Bn |
| Sep 30, 2025 | 1.87 Bn |
| Jun 30, 2025 | 2.78 Bn |
| Mar 31, 2025 | 3.63 Bn |
| Dec 31, 2024 | 3.16 Bn |
| Sep 30, 2024 | 4.39 Bn |
| Jun 30, 2024 | 4.64 Bn |
| Mar 31, 2024 | 4.72 Bn |
| Dec 31, 2023 | 4.80 Bn |
| Sep 30, 2023 | 5.15 Bn |
| Jun 30, 2023 | 5.91 Bn |
| Mar 31, 2023 | 4.62 Bn |
| Dec 31, 2022 | 5.45 Bn |
| Sep 30, 2022 | 4.42 Bn |
| Jun 30, 2022 | 4.86 Bn |
| Mar 31, 2022 | 5.67 Bn |
| Dec 31, 2021 | 2.75 Bn |
| Sep 30, 2021 | 4.17 Bn |
| Jun 30, 2021 | 3.69 Bn |