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| 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% |