Las Vegas Sands (LVS) Return on Assets [ROA] (2009 - 2026)
Las Vegas Sands' Return on Assets [ROA] was 9.23% in Q3 2026, up 0.87 percentage points from 8.35% a year earlier but down 0.28 percentage points from the prior quarter.
Powered by 
Analysis
Las Vegas Sands (LVS) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Return on Assets [ROA] at Las Vegas Sands came in at 8.76%, up 0.51 percentage points from FY2024.
- Return on Assets [ROA] has now increased for five consecutive years, with a five-year change of +18.50 percentage points (FY2020 to FY2025).
- In earlier years, Return on Assets [ROA] was 8.26% in FY2024 (+1.72 pp), 6.53% in FY2023 (+0.08 pp), 6.45% in FY2022 (+12.69 pp) and -6.24% in FY2021 (+3.49 pp).
- Quarterly Return on Assets [ROA] has moved between -6.39% (Q4 2021) and 9.74% (Q1 2026) over five years.
- Compared with a year earlier, Return on Assets [ROA] has increased for four straight quarters, with an average year-over-year change of +0.52 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Assets [ROA] over five years was Q1 2022 (a gain of 18.84 percentage points); the worst was Q1 2023 (a drop of 11.21 percentage points).
- Per Business Quant data, LVS's Return on Assets [ROA] in the three quarters before Q3 2026 was 9.51% (Q2 2026), 9.74% (Q1 2026) and 8.59% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 3.75% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | 3.05% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 9.23% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -9.06% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -4.40% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 4.94% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 2.32% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -0.95% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 4.57% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 6.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.23% |
| Jun 30, 2026 | 9.51% |
| Mar 31, 2026 | 9.74% |
| Dec 31, 2025 | 8.59% |
| Sep 30, 2025 | 8.35% |
| Jun 30, 2025 | 7.76% |
| Mar 31, 2025 | 7.53% |
| Dec 31, 2024 | 8.34% |
| Sep 30, 2024 | 8.61% |
| Jun 30, 2024 | 9.09% |
| Mar 31, 2024 | 8.69% |
| Dec 31, 2023 | 6.52% |
| Sep 30, 2023 | 3.10% |
| Jun 30, 2023 | -0.63% |
| Mar 31, 2023 | -4.14% |
| Dec 31, 2022 | 6.24% |
| Sep 30, 2022 | 6.59% |
| Jun 30, 2022 | 5.96% |
| Mar 31, 2022 | 7.07% |
| Dec 31, 2021 | -6.39% |
API Access
Las Vegas Sands Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "LVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();