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Las Vegas Sands vs Caesars Entertainment: LVS and CZR compared
Las Vegas Sands is the larger company: $3.2B of revenue in its latest quarter (Q3 2026) against $2.9B for Caesars Entertainment (Q3 2026). Caesars Entertainment is growing faster (+2% against -4% a year earlier). Las Vegas Sands is more profitable, with an operating margin of 19.2% against 15.5%.
Where the money goes: LVS and CZR
Las Vegas Sands (LVS) · Q3 2026
Las Vegas Sands, Q3 2026: revenue $3.2B (-4% year over year), operating margin 19.2%, net earnings $304M, operating cash flow $870M. The chart follows the revenue to costs, profit and cash.
Caesars Entertainment (CZR) · Q3 2026
Caesars Entertainment, Q3 2026: revenue $2.9B (+2% year over year), operating margin 15.5%, net loss $107M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
| Las Vegas Sands (LVS) | Caesars Entertainment (CZR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.2B | $2.9B |
| Revenue growth, Y/Y | -4% | +2% |
| Operating margin | 19.2% | 15.5% |
| Net earnings | $304M | −$107M |
| Net margin | 9.5% | -3.6% |
| Operating cash flow | $870M | $267M |
| Free cash flow | $589M | $95.0M |
| Market value | $26.3B | $6.0B |
| P/E | 16.8× | — |
| Analysts’ mean target | $49.57 | $31.27 |
Where the revenue comes from
Las Vegas Sands
- Casino: $2.4B (74%)
- Rooms: $376M (12%)
- Mall: $202M (6%)
- Food and Beverage: $176M (5%)
Caesars Entertainment
- Casino: $1.8B (60%)
- Hotel: $467M (16%)
- Food and beverage: $410M (14%)
- Other: $309M (11%)
Questions
Which is bigger, Las Vegas Sands or Caesars Entertainment?
Las Vegas Sands is the larger company: $3.2B of revenue in its latest quarter (Q3 2026) against $2.9B for Caesars Entertainment (Q3 2026).
Is Las Vegas Sands or Caesars Entertainment growing faster?
Caesars Entertainment is growing faster (+2% against -4% a year earlier).
Which is more profitable, Las Vegas Sands or Caesars Entertainment?
Las Vegas Sands is more profitable, with an operating margin of 19.2% against 15.5%.
More: Las Vegas Sands earnings · how Las Vegas Sands makes money · Caesars Entertainment earnings · how Caesars Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.