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Las Vegas Sands LVS Return on invested capital

Return on invested capital at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
3.2%-1.0pp
Wynn Resorts logo
Wynn ResortsWYNN
8.7%-0.7pp
Caesars Entertainment, Inc. logo
Caesars Entertainment, Inc.CZR
6.7%-1.5pp
BAL
Bally'sBALY
-2.9%-0.3pp
FLL
Full House ResortsFLL
0.9%+0.2pp
Red Rock Resorts, Inc. logo
Red Rock Resorts, Inc.RRR
14.6%+0.3pp

Other financials

Income statement

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Revenue$3.2B-0.7%
Operating income$618.0M-21.1%
Net income$346.0M-24.9%
EPS (diluted)$0.53-19.7%

Balance sheet

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Cash & equivalents$3.5B-2.1%
Total debt$16.8B+0.5%
Total equity$581.0M-70.8%
Total assets$19.9B-8.9%

Cash flow

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Operating cash flow$682.0M+283%
CapEx$332.0M+16.1%
Free cash flow$350.0M

Valuation

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Market cap$31.67B-12.0%
Enterprise value$45B-8.4%
P/E18.3×-7.1×
P/S2.3×-0.8×

Profitability

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Operating margin21.5%+0.1pp
Net margin12.6%+0.4pp
FCF margin19.7%+13.4pp

Returns & leverage

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Return on equity134.3%+85.1pp
Debt / equity29×+20.6×
Current ratio-0.2×

Where this comes from

Calculated from Las Vegas Sands’s reported figures.

Based on trailing twelve months.

The source filing: Las Vegas Sands’s 10-Q, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001300514-26-000085

FAQ

What is Las Vegas Sands's return on invested capital?
Las Vegas Sands (LVS) reported return on invested capital of 16.9% in Q2 2026.
How has Las Vegas Sands's return on invested capital changed year-over-year?
Las Vegas Sands's return on invested capital increased by 13.7% year-over-year, from 14.9% to 16.9%.
What is the long-term trend for Las Vegas Sands's return on invested capital?
Over 5 years (2020 to 2025), Las Vegas Sands's return on invested capital has grown at a 5.6% compound annual growth rate (CAGR), from -11.6% to 15.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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