LVS vs. RCL: Las Vegas Sands vs. Royal Caribbean Cruises Stock Comparison

November 11, 2026

How do Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL) 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

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

Company profile comparison for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Profile Item	LVS	RCL
Name	Las Vegas Sands Corp.	Royal Caribbean Cruises Ltd.
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	Casinos & Gaming	Hotels, Resorts & Cruise Lines
Market Capitalization	26.38 billion USD	87.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 15, 2004	April 28, 1993
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LVS

RCL

GSPC

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL), 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 Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
Total Return (1Y)	-35.88%	35.04%
Total Return (3Y, Annualized)	-3.18%	55.86%
Total Return (5Y, Annualized)	1.29%	30.86%

Risk Profile

Drawdown History

LVS

RCL

GSPC

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL), 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 Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
Volatility (1Y, Annualized)	30.94%	47.73%
Beta (5Y)	0.73	1.82
Max Drawdown (5Y)	-51.18%	-65.76%
Avg. Volume (3M)	5.72M	2.35M

Risk-Adjusted Performance

Risk-Return Positioning

LVS and RCL 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 Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
Sharpe Ratio (1Y)	-1.30	0.64
Sortino Ratio (1Y)	-1.63	1.10

Profitability

ROE (TTM)

Both companies show strong equity returns, but Las Vegas Sands (LVS) at 207.08% is the standout with ROE above its industry range; Royal Caribbean Cruises (RCL) at 41.29% also sits in the top quartile.

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%

RCL

Consumer Services industry group

41.29%

Max: 76.75%
RCL: 41.29%
Q3: 34.07%
Median: 15.90%
Q1: 3.23%
Min: -40.61%

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their ROE against the Consumer Services industry group benchmark.

Net Margin (TTM)

Royal Caribbean Cruises (RCL) at 23.79% retains a top-quartile share of revenue as profit, ahead of Las Vegas Sands (LVS) at 11.85%, which keeps about the industry-typical share.

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%

RCL

Consumer Services industry group

23.79%

Max: 25.52%
RCL: 23.79%
Q3: 12.95%
Median: 6.63%
Q1: 1.46%
Min: -14.36%

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their net margin against the Consumer Services industry group benchmark.

Operating Margin (TTM)

Royal Caribbean Cruises (RCL) at 33.61% operates in the top operating margin quartile, ahead of Las Vegas Sands (LVS) at 19.34%, which runs around its industry’s norm.

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%

RCL

Consumer Services industry group

33.61%

Max: 49.05%
RCL: 33.61%
Q3: 24.35%
Median: 14.23%
Q1: 5.67%
Min: -16.47%

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their operating margin against the Consumer Services industry group benchmark.

Profitability Metrics

Profitability metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
ROE (TTM)	207.08%	41.29%
ROA (TTM)	9.24%	7.78%
Net Margin (TTM)	11.85%	23.79%
Operating Margin (TTM)	19.34%	33.61%
Gross Margin (TTM)	78.63%	50.25%

Growth

Revenue Growth

Las Vegas Sands (LVS) at 15.22% sits in the top revenue growth quartile, while Royal Caribbean Cruises (RCL) at 8.79% is closer to the peer norm — faster top-line expansion for LVS.

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Las Vegas Sands (LVS) at 19.90% and Royal Caribbean Cruises (RCL) at 41.91% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
Revenue Growth (YoY)	15.22%	8.79%
Revenue Growth (3Y CAGR)	46.86%	26.59%
EPS Growth (YoY)	19.90%	41.91%
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 Royal Caribbean Cruises (RCL) at 0.22 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for RCL.

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

RCL

Consumer Services industry group

0.22

Max: 3.41
Q3: 1.85
Median: 1.06
Q1: 0.72
RCL: 0.22
Min: 0.22

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): 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: Royal Caribbean Cruises (RCL) carries debt-to-equity ratio of 1.94 against its industry range, while Las Vegas Sands (LVS) reports no figure this period.

LVS

Consumer Services industry group

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

RCL

Consumer Services industry group

1.94

Max: 6.12
Q3: 2.93
RCL: 1.94
Median: 1.29
Q1: 0.37
Min: 0.01

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

Financial Strength Metrics

Financial strength metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
Current Ratio (MRQ)	0.83	0.22
Debt / Equity (MRQ)	--	1.94
Net Debt / EBITDA	2.83	3.12

Dividends

Dividend Yield (TTM)

Las Vegas Sands (LVS) at 2.93% delivers top-quartile income for its industry, while Royal Caribbean Cruises (RCL) at 1.70% pays a more typical yield — both are credible income propositions, LVS the richer one.

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%

RCL

Consumer Services industry group

1.70%

Max: 4.10%
Q3: 1.82%
RCL: 1.70%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their dividend yield against the Consumer Services industry group benchmark.

Dividend Payout Ratio (TTM)

Royal Caribbean Cruises (RCL) at 32.54% 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.

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%

RCL

Consumer Services industry group

32.54%

Max: 89.80%
Q3: 36.83%
RCL: 32.54%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): A comparison of their payout ratio against the Consumer Services industry group benchmark.

Dividend Metrics

Dividend metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
Dividend Yield (TTM)	2.93%	1.70%
Dividend Payout Ratio (TTM)	47.13%	32.54%

Valuation

P/E Ratio (TTM)

Both Las Vegas Sands (LVS) at 16.69 and Royal Caribbean Cruises (RCL) at 19.36 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

RCL

Consumer Services industry group

19.36

Max: 71.70
Q3: 37.12
Median: 21.88
RCL: 19.36
Q1: 13.00
Min: 5.72

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

P/S Ratio (TTM)

Las Vegas Sands (LVS) at 1.94 is priced about in line with its industry on P/S ratio, while Royal Caribbean Cruises (RCL) at 4.57 sits in the pricier quartile — RCL costs more per dollar of sales.

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

RCL

Consumer Services industry group

4.57

Max: 6.40
RCL: 4.57
Q3: 3.01
Median: 1.54
Q1: 0.74
Min: 0.08

Las Vegas Sands (LVS) vs. Royal Caribbean Cruises (RCL): 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 Royal Caribbean Cruises (RCL) reports 7.47, ranking against industry peers normally.

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

RCL

Consumer Services industry group

7.47

Max: 12.02
RCL: 7.47
Q3: 5.58
Median: 2.37
Q1: 1.09
Min: -4.51

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

Valuation Metrics

Valuation metrics for Las Vegas Sands (LVS) and Royal Caribbean Cruises (RCL)
Metric	LVS	RCL
P/E Ratio (TTM)	16.69	19.36
P/S Ratio (TTM)	1.94	4.57
P/B Ratio (MRQ)	-74.19	7.47
Free Cash Flow Yield (TTM)	7.99%	-0.06%