Las Vegas Sands (LVS) Return on Sales [ROS] (2009 - 2026)
Las Vegas Sands (LVS) reported Return on Sales [ROS] of 19.22% for Q3 2026, down 2.37 percentage points from 21.59% a year earlier and down 0.38 percentage points from the prior quarter.
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Analysis
Las Vegas Sands (LVS) Return on Sales [ROS] (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Las Vegas Sands' Return on Sales [ROS] came in at 20.93%, down 1.10 percentage points year-over-year; for FY2025, it was 21.65%, up 0.39 percentage points from FY2024.
- Return on Sales [ROS] has a five-year change of +69.03 percentage points (FY2020 to FY2025).
- By year, Return on Sales [ROS] came in at 21.26% in FY2024 (-1.04 pp), 22.30% in FY2023 (+41.57 pp), -19.27% in FY2022 (-3.00 pp) and -16.27% in FY2021 (+31.11 pp).
- The Q3 2026 figure ranks as the lowest quarterly Return on Sales [ROS] since Q3 2024.
- Year over year, Return on Sales [ROS] gained in three of the last eight quarters, with an average year-over-year change of -0.67 percentage points.
- The high point for year-over-year Return on Sales [ROS] in five years was Q1 2023 (a gain of 49.86 percentage points); the low point was Q1 2022 (a drop of 24.00 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 19.59% (Q2 2026), 25.22% (Q1 2026) and 19.38% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 10.55% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -75.09% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 19.22% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -37.10% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -30.74% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 17.68% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 2.82% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -55.96% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 29.37% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 20.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.22% |
| Jun 30, 2026 | 19.59% |
| Mar 31, 2026 | 25.22% |
| Dec 31, 2025 | 19.38% |
| Sep 30, 2025 | 21.59% |
| Jun 30, 2025 | 24.66% |
| Mar 31, 2025 | 21.28% |
| Dec 31, 2024 | 20.37% |
| Sep 30, 2024 | 18.79% |
| Jun 30, 2024 | 21.41% |
| Mar 31, 2024 | 24.23% |
| Dec 31, 2023 | 24.36% |
| Sep 30, 2023 | 24.62% |
| Jun 30, 2023 | 21.13% |
| Mar 31, 2023 | 17.83% |
| Dec 31, 2022 | -14.86% |
| Sep 30, 2022 | -17.61% |
| Jun 30, 2022 | -14.07% |
| Mar 31, 2022 | -32.03% |
| Dec 31, 2021 | -13.69% |
API Access
Las Vegas Sands Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=LVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=LVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();