CCL vs. LVS: Carnival vs. Las Vegas Sands Stock Comparison

November 11, 2026

How do Carnival (CCL) and Las Vegas Sands (LVS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Carnival (CCL) and Las Vegas Sands (LVS) both belong to the Hotels, Restaurants & Leisure industry, though CCL is classified under Hotels, Resorts & Cruise Lines while LVS falls under Casinos & Gaming.

Company profile comparison for Carnival (CCL) and Las Vegas Sands (LVS)
Profile Item	CCL	LVS
Name	Carnival Corporation Ltd.	Las Vegas Sands Corp.
Country/Region	United States	United States
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Services	Consumer Services
GICS Industry	Hotels, Restaurants & Leisure	Hotels, Restaurants & Leisure
GICS Sub-Industry	Hotels, Resorts & Cruise Lines	Casinos & Gaming
Market Capitalization	39.77 billion USD	26.38 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 24, 1987	December 15, 2004
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CCL

LVS

GSPC

Carnival (CCL) vs. Las Vegas Sands (LVS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Carnival (CCL) and Las Vegas Sands (LVS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Carnival (CCL) and Las Vegas Sands (LVS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
Total Return (1Y)	17.32%	-35.88%
Total Return (3Y, Annualized)	36.57%	-3.18%
Total Return (5Y, Annualized)	5.35%	1.29%

Risk Profile

Drawdown History

CCL

LVS

GSPC

Carnival (CCL) vs. Las Vegas Sands (LVS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Carnival (CCL) and Las Vegas Sands (LVS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Carnival (CCL) carries a highly aggressive beta of 2.42, indicating much higher sensitivity to broad-market moves, whereas Las Vegas Sands (LVS) is closer to market-like at 0.73 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
Volatility (1Y, Annualized)	49.89%	30.94%
Beta (5Y)	2.42	0.73
Max Drawdown (5Y)	-73.60%	-51.18%
Avg. Volume (3M)	21.48M	5.72M

Risk-Adjusted Performance

Risk-Return Positioning

CCL and LVS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
Sharpe Ratio (1Y)	0.26	-1.30
Sortino Ratio (1Y)	0.43	-1.63

Profitability

ROE (TTM)

Las Vegas Sands (LVS) at 207.08% clears its industry range for ROE, a sharper capital-efficiency signal than Carnival (CCL) at 24.00%, which is closer to a typical peer reading.

CCL

Consumer Services industry group

24.00%

Max: 76.75%
Q3: 34.07%
CCL: 24.00%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

LVS

Consumer Services industry group

207.08%

LVS: 207.08%
Max: 76.75%
Q3: 34.07%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their ROE against the Consumer Services industry group benchmark.

Net Margin (TTM)

Both Carnival (CCL) at 11.37% and Las Vegas Sands (LVS) at 11.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CCL

Consumer Services industry group

11.37%

Max: 25.52%
Q3: 12.95%
CCL: 11.37%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

LVS

Consumer Services industry group

11.85%

Max: 25.52%
Q3: 12.95%
LVS: 11.85%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their net margin against the Consumer Services industry group benchmark.

Operating Margin (TTM)

Carnival (CCL) at 26.43% operates in the top operating margin quartile, ahead of Las Vegas Sands (LVS) at 19.34%, which runs around its industry’s norm.

CCL

Consumer Services industry group

26.43%

Max: 49.05%
CCL: 26.43%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

LVS

Consumer Services industry group

19.34%

Max: 49.05%
Q3: 24.35%
LVS: 19.34%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their operating margin against the Consumer Services industry group benchmark.

Profitability Metrics

Profitability metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
ROE (TTM)	24.00%	207.08%
ROA (TTM)	5.40%	9.24%
Net Margin (TTM)	11.37%	11.85%
Operating Margin (TTM)	26.43%	19.34%
Gross Margin (TTM)	55.38%	78.63%

Growth

Revenue Growth

Las Vegas Sands (LVS) at 15.22% sits in the top revenue growth quartile, while Carnival (CCL) at 6.39% is closer to the peer norm — faster top-line expansion for LVS.

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Carnival (CCL) at 40.28% and Las Vegas Sands (LVS) at 19.90% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
Revenue Growth (YoY)	6.39%	15.22%
Revenue Growth (3Y CAGR)	29.81%	46.86%
EPS Growth (YoY)	40.28%	19.90%
EPS Growth (3Y CAGR)	--	-0.70%

Financial Strength

Current Ratio (MRQ)

Las Vegas Sands (LVS) at 0.83 keeps current ratio within its industry’s typical mid-range, while Carnival (CCL) at 0.27 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CCL.

CCL

Consumer Services industry group

0.27

Max: 3.41
Q3: 1.85
Median: 1.06
Q1: 0.72
CCL: 0.27
Min: 0.22

LVS

Consumer Services industry group

0.83

Max: 3.41
Q3: 1.85
Median: 1.06
LVS: 0.83
Q1: 0.72
Min: 0.22

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their current ratio against the Consumer Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Carnival (CCL) carries debt-to-equity ratio of 1.77 against its industry range, while Las Vegas Sands (LVS) reports no figure this period.

CCL

Consumer Services industry group

1.77

Max: 6.12
Q3: 2.93
CCL: 1.77
Median: 1.29
Q1: 0.37
Min: 0.01

LVS

Consumer Services industry group

Max: 6.12
Q3: 2.93
Median: 1.29
Q1: 0.37
Min: 0.01
LVS: --

Carnival (CCL) vs. Las Vegas Sands (LVS): LVS does not report debt-to-equity ratio, so it has no value marker; CCL is benchmarked against the Consumer Services industry group.

Financial Strength Metrics

Financial strength metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
Current Ratio (MRQ)	0.27	0.83
Debt / Equity (MRQ)	1.77	--
Net Debt / EBITDA	3.28	2.83

Dividends

Dividend Yield (TTM)

Las Vegas Sands (LVS) at 2.93% delivers top-quartile income for its industry, while Carnival (CCL) at 1.53% pays a more typical yield — both are credible income propositions, LVS the richer one.

CCL

Consumer Services industry group

1.53%

Max: 4.10%
Q3: 1.82%
CCL: 1.53%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LVS

Consumer Services industry group

2.93%

Max: 4.10%
LVS: 2.93%
Q3: 1.82%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their dividend yield against the Consumer Services industry group benchmark.

Dividend Payout Ratio (TTM)

Carnival (CCL) at 19.82% pays out a band-typical share of earnings, while Las Vegas Sands (LVS) at 47.13% distributes more than its industry norm — less retained, thinner cover.

CCL

Consumer Services industry group

19.82%

Max: 89.80%
Q3: 36.83%
CCL: 19.82%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LVS

Consumer Services industry group

47.13%

Max: 89.80%
LVS: 47.13%
Q3: 36.83%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their payout ratio against the Consumer Services industry group benchmark.

Dividend Metrics

Dividend metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
Dividend Yield (TTM)	1.53%	2.93%
Dividend Payout Ratio (TTM)	19.82%	47.13%

Valuation

P/E Ratio (TTM)

Both Carnival (CCL) at 13.03 and Las Vegas Sands (LVS) at 16.69 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CCL

Consumer Services industry group

13.03

Max: 71.70
Q3: 37.12
Median: 21.88
CCL: 13.03
Q1: 13.00
Min: 5.72

LVS

Consumer Services industry group

16.69

Max: 71.70
Q3: 37.12
Median: 21.88
LVS: 16.69
Q1: 13.00
Min: 5.72

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their P/E ratio against the Consumer Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Carnival (CCL) at 1.44 and Las Vegas Sands (LVS) at 1.94 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CCL

Consumer Services industry group

1.44

Max: 6.40
Q3: 3.01
Median: 1.54
CCL: 1.44
Q1: 0.74
Min: 0.08

LVS

Consumer Services industry group

1.94

Max: 6.40
Q3: 3.01
LVS: 1.94
Median: 1.54
Q1: 0.74
Min: 0.08

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their P/S ratio against the Consumer Services industry group benchmark.

P/B Ratio (MRQ)

Las Vegas Sands (LVS) reports a negative P/B ratio of -74.19, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Carnival (CCL) reports 2.82, ranking against industry peers normally.

CCL

Consumer Services industry group

2.82

Max: 12.02
Q3: 5.58
CCL: 2.82
Median: 2.37
Q1: 1.09
Min: -4.51

LVS

Consumer Services industry group

-74.19

Max: 12.02
Q3: 5.58
Median: 2.37
Q1: 1.09
Min: -4.51
LVS: -74.19

Carnival (CCL) vs. Las Vegas Sands (LVS): A comparison of their P/B ratio against the Consumer Services industry group benchmark.

Valuation Metrics

Valuation metrics for Carnival (CCL) and Las Vegas Sands (LVS)
Metric	CCL	LVS
P/E Ratio (TTM)	13.03	16.69
P/S Ratio (TTM)	1.44	1.94
P/B Ratio (MRQ)	2.82	-74.19
Free Cash Flow Yield (TTM)	4.54%	7.99%