How Does Las Vegas Sands Stock Stack Up Against Its Peers?
Las Vegas Sands’ stock delivered solid 26% returns over the past year, outperforming most peers but trailing some in the integrated resort sector. As of January 9, 2026, a closer look reveals strong profitability (23% LTM operating margin), healthy 8.4% revenue growth, and robust free cash flow generation. However, its moderate 26x PE valuation reflects ongoing complexities within key Asian markets. While Singapore’s Marina Bay Sands demonstrates exceptional performance, Macau still navigates a recovery influenced by low Chinese consumer sentiment and broader macroeconomic uncertainties.
- LVS’s 23.0% operating margin, exceeding most peers (vs. BYD’s 23.1%), shows strong operational efficiency.
- LVS’s 8.4% revenue growth, outpacing peers, reflects effective strategy and potential market share gains.
- LVS stock gained 22.5% (PE 25.8), yet WYNN/BYD saw stronger returns, signaling varied investor growth expectations.
Here’s how Las Vegas Sands stacks up across size, valuation, and profitability versus key peers.
| LVS | MGM | WYNN | CZR | BYD | PENN | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 40.2 | 9.4 | 12.1 | 5.1 | 7.1 | 2.1 |
| Revenue ($ Bil) | 12.3 | 17.3 | 7.1 | 11.4 | 4.1 | 6.8 |
| PE Ratio | 25.8 | 134.7 | 24.0 | -21.2 | 3.8 | -2.3 |
| LTM Revenue Growth | 8.4% | 0.1% | -0.3% | 0.9% | 5.9% | 8.2% |
| LTM Operating Margin | 23.0% | 7.9% | 20.4% | 18.1% | 23.1% | 3.3% |
| LTM FCF Margin | 9.9% | 7.9% | 10.4% | 3.3% | 10.1% | -3.1% |
| 12M Market Return | 22.5% | 5.4% | 46.6% | -23.0% | 23.5% | -21.1% |
For more details on Las Vegas Sands, read Buy or Sell LVS Stock. Below we compare LVS’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| LVS | 8.4% | 8.9% | 152.4% | -2.9% |
| MGM | 0.1% | 6.7% | 23.1% | 35.6% |
| WYNN | -0.3% | 9.1% | 73.9% | -0.2% |
| CZR | 0.9% | -2.5% | 6.5% | 13.1% |
| BYD | 5.9% | 5.1% | 5.2% | 5.5% |
| PENN | 8.2% | 3.4% | -0.6% | 8.4% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| LVS | 23.0% | 21.8% | 22.7% | -18.7% |
| MGM | 7.9% | 9.7% | 9.8% | -13.1% |
| WYNN | 20.4% | 19.0% | 16.5% | -4.0% |
| CZR | 18.1% | 20.2% | 22.2% | 17.2% |
| BYD | 23.1% | 23.9% | 27.0% | 28.7% |
| PENN | 3.3% | 2.5% | 5.7% | 17.1% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| LVS | 25.8 | 33.1 | 32.1 | 20.5 |
| MGM | 134.7 | 15.0 | 10.8 | 12.4 |
| WYNN | 24.0 | 26.4 | 13.3 | -24.4 |
| CZR | -21.2 | -18.1 | 9.1 | -11.2 |
| BYD | 3.8 | 13.8 | 11.9 | 10.7 |
| PENN | -2.3 | -7.2 | -6.2 | 18.9 |
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