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
DateValue
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%