Las Vegas Sands (LVS) Return on Capital Employed (2010 - 2026)

Las Vegas Sands' (LVS) quarterly Return on Capital Employed came in at 18.4% in Q1 2026, up 280.0% year-on-year from 4.84% in Q1 2025, and up 14.22% quarter-over-quarter from 16.11% in Q4 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.

  • On a quarterly basis, Return on Capital Employed rose 280.0% year-over-year to 18.4% in Q1 2026; TTM through Mar 2026 was 18.4%, a 280.0% increase from a year earlier, with the FY2025 full-year figure at 16.51%, up 93.0% from the prior year.
  • Return on Capital Employed advanced to 18.4% in Q1 2026 per LVS's latest filing, from 16.11% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 18.4% in Q1 2026 and bottomed at 4.71% in Q1 2022.
  • The 5-year median for Return on Capital Employed is 13.77% (2025), against an average of 8.68%.
  • Across the five-year window, Return on Capital Employed surged 1763 bps in 2023 and tumbled 142 bps in 2025, its largest moves.
  • Year by year, Return on Capital Employed 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.
  • Per Business Quant, the three latest LVS Return on Capital Employed figures stand at 18.4% (Q1 2026), 16.11% (Q4 2025), and 15.88% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 18.40%
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 2.42%
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 10.25%
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 12.48%
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -5.19%
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 6.33%
7 Vail Resorts 5.23 Bn 5.21 Bn - 9.36%
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 15.24%
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn -

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%