Las Vegas Sands (LVS) Invested Capital (2009 - 2026)

Las Vegas Sands' (LVS) quarterly Invested Capital came in at $1.8 billion in Q1 2026, down 39.08% year-on-year from $3.0 billion in Q1 2025, and up 61.7% quarter-over-quarter from $1.1 billion in Q4 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 $1.8 billion for Q1 2026.

  • On a quarterly basis, Invested Capital fell 39.08% year-over-year to $1.8 billion in Q1 2026; TTM through Mar 2026 was $5.8 billion, a 40.94% decrease from a year earlier, with the FY2025 full-year figure at $1.1 billion, down 64.3% from the prior year.
  • Invested Capital grew to $1.8 billion in Q1 2026 per LVS's latest filing, from $1.1 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $3.2 billion in Q4 2024 and bottomed at $71.0 million in Q2 2023.
  • The 5-year median for Invested Capital is $1.8 billion (2026), against an average of $1.6 billion.
  • Across the five-year window, Invested Capital jumped 2702.78% in 2023 and slumped 64.3% in 2025, its largest moves.
  • Year by year, Invested Capital stood at $2.0 billion in 2022, then retreated by 6.45% to $1.9 billion in 2023, then surged by 66.32% to $3.2 billion in 2024, then slumped by 64.3% to $1.1 billion in 2025, then surged by 61.7% to $1.8 billion in 2026.
  • Per Business Quant, the three latest LVS Invested Capital figures stand at $1.8 billion (Q1 2026), $1.1 billion (Q4 2025), and $1.9 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 1.82 Bn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn -
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 547.84 Mn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn -
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - 348.74 Mn
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 114.00 Mn
7 Vail Resorts 5.23 Bn 5.21 Bn - 73.51 Mn
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn -
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 52.36 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 348.74 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 75.00 Mn