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Las Vegas Sands vs Intercontinental Hotels Group: LVS and IHG compared
Las Vegas Sands is the larger company: $3.2B of revenue in its latest quarter (Q3 2026) against $2.7B for Intercontinental Hotels Group (H1 2026). Intercontinental Hotels Group is growing faster (+6% against -4% a year earlier). Intercontinental Hotels Group is more profitable, with an operating margin of 25.2% against 19.2%.
Where the money goes: LVS and IHG
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.
Intercontinental Hotels Group (IHG) · H1 2026
Intercontinental Hotels Group, H1 2026: revenue $2.7B (+6% year over year), operating margin 25.2%, net earnings $425M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
| Las Vegas Sands (LVS) | Intercontinental Hotels Group (IHG) | |
|---|---|---|
| Latest quarter | Q3 2026 | H1 2026 |
| Revenue | $3.2B | $2.7B |
| Revenue growth, Y/Y | -4% | +6% |
| Operating margin | 19.2% | 25.2% |
| Net earnings | $304M | $425M |
| Net margin | 9.5% | 16.0% |
| Operating cash flow | $870M | $355M |
| Free cash flow | $589M | $345M |
| Market value | $26.3B | — |
| P/E | 16.8× | — |
| Analysts’ mean target | $49.57 | — |
Where the revenue comes from
Las Vegas Sands
- Casino: $2.4B (74%)
- Rooms: $376M (12%)
- Mall: $202M (6%)
- Food and Beverage: $176M (5%)
Intercontinental Hotels Group
- System Fund and reimbursable revenues: $1.4B (53%)
- Revenue from reportable segments c: $1.3B (47%)
Questions
Which is bigger, Las Vegas Sands or Intercontinental Hotels Group?
Las Vegas Sands is the larger company: $3.2B of revenue in its latest quarter (Q3 2026) against $2.7B for Intercontinental Hotels Group (H1 2026).
Is Las Vegas Sands or Intercontinental Hotels Group growing faster?
Intercontinental Hotels Group is growing faster (+6% against -4% a year earlier).
Which is more profitable, Las Vegas Sands or Intercontinental Hotels Group?
Intercontinental Hotels Group is more profitable, with an operating margin of 25.2% against 19.2%.
More: Las Vegas Sands earnings · how Las Vegas Sands makes money · Intercontinental Hotels Group earnings · how Intercontinental Hotels Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 6-K filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.