Las Vegas Sands (LVS) Return on Capital Employed (2010 - 2026)
Las Vegas Sands (LVS) recorded quarterly Return on Capital Employed of 18.4% in Q1 2026, up 14.22% quarter-over-quarter from 16.11% in Q4 2025, and up 280.0% on a YoY basis from 4.84% in Q1 2025.
Las Vegas Sands (LVS) Return on Capital Employed (2010 - 2026) Analysis & Trends
Las Vegas Sands' Return on Capital Employed history runs 17 years deep, the most recent figure standing at 18.4% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 280.0% year-over-year to 18.4%; the TTM figure through Mar 2026 stood at 18.4% (up 280.0% YoY), while the FY2025 annual figure was 16.51%, up 93.0% from the prior year.
- Return on Capital Employed was 18.4% for Q1 2026 at Las Vegas Sands, up from 16.11% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 18.4% in Q1 2026 to a low of 4.71% in Q1 2022.
- Historically, Return on Capital Employed has averaged 8.68% across 5 years, with a median of 13.77% in 2025.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed soared 1763 bps in 2023, then tumbled 142 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 4.44% in 2022, then jumped by 397 bps to 13.2% in 2023, then advanced by 20 bps to 15.79% in 2024, then grew by 2 bps to 16.11% in 2025, then grew by 14 bps to 18.4% in 2026.
- The last three Return on Capital Employed figures came in at 18.4% (Q1 2026), 16.11% (Q4 2025), and 15.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 10.25% |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 12.48% |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 10.96% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 6.33% |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | 11.77% |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | - |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 15.24% |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | - |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | -4.85% |
| 10 | Las Vegas Sands | - | - | 3.56 Bn | 18.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.40% |
| Dec 31, 2025 | 16.11% |
| Sep 30, 2025 | 15.88% |
| Jun 30, 2025 | 13.77% |
| Mar 31, 2025 | 15.60% |
| Dec 31, 2024 | 15.79% |
| Sep 30, 2024 | 15.88% |
| Jun 30, 2024 | 15.19% |
| Mar 31, 2024 | 15.38% |
| Dec 31, 2023 | 13.20% |
| Sep 30, 2023 | 7.94% |
| Jun 30, 2023 | 2.83% |
| Mar 31, 2023 | -0.61% |
| Dec 31, 2022 | -4.44% |
| Sep 30, 2022 | -4.16% |
| Jun 30, 2022 | -4.49% |
| Mar 31, 2022 | -4.71% |
| Dec 31, 2021 | -3.96% |
| Sep 30, 2021 | -3.80% |
| Jun 30, 2021 | -4.89% |