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
DateValue
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