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Side-by-side financial comparison of Las Vegas Sands (LVS) and Welltower (WELL). Click either name above to swap in a different company.
Las Vegas Sands is the larger business by last-quarter revenue ($3.6B vs $2.8B, roughly 1.3× Welltower). Welltower runs the higher net margin — 51.6% vs 17.9%, a 33.7% gap on every dollar of revenue. On growth, Welltower posted the faster year-over-year revenue change (180.6% vs 25.3%). Over the past eight quarters, Welltower's revenue compounded faster (42.4% CAGR vs 13.9%).
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.
LVS vs WELL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.8B |
| Net Profit | $641.0M | $1.5B |
| Gross Margin | — | — |
| Operating Margin | 25.2% | — |
| Net Margin | 17.9% | 51.6% |
| Revenue YoY | 25.3% | 180.6% |
| Net Profit YoY | 57.1% | 93.7% |
| EPS (diluted) | $0.85 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.6B | $2.8B | ||
| Q4 25 | $3.6B | $2.6B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.8B | $1.4B |
| Q1 26 | $641.0M | $1.5B | ||
| Q4 25 | $395.0M | $117.8M | ||
| Q3 25 | $419.0M | $282.2M | ||
| Q2 25 | $461.0M | $304.6M | ||
| Q1 25 | $352.0M | $257.3M | ||
| Q4 24 | $324.0M | $123.8M | ||
| Q3 24 | $275.0M | $456.8M | ||
| Q2 24 | $353.0M | $260.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 20.2% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 21.6% | 14.2% | ||
| Q2 25 | 24.7% | 15.1% | ||
| Q1 25 | 21.3% | 10.7% | ||
| Q4 24 | 20.4% | 6.2% | ||
| Q3 24 | 18.8% | 12.2% | ||
| Q2 24 | 21.4% | 6.5% |
| Q1 26 | 17.9% | 51.6% | ||
| Q4 25 | 10.8% | 4.6% | ||
| Q3 25 | 12.6% | 13.7% | ||
| Q2 25 | 14.5% | 15.5% | ||
| Q1 25 | 12.3% | 13.8% | ||
| Q4 24 | 11.2% | 7.0% | ||
| Q3 24 | 10.3% | 30.2% | ||
| Q2 24 | 12.8% | 18.7% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.59 | $0.13 | ||
| Q3 25 | $0.61 | $0.41 | ||
| Q2 25 | $0.66 | $0.45 | ||
| Q1 25 | $0.49 | $0.40 | ||
| Q4 24 | $0.44 | $0.20 | ||
| Q3 24 | $0.38 | $0.73 | ||
| Q2 24 | $0.48 | $0.42 |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LVS
| Casino | $2.7B | 76% |
| Rooms | $377.0M | 11% |
| Mall | $204.0M | 6% |
| Food and beverage | $176.0M | 5% |
| Convention, retail and other | $89.0M | 2% |
WELL
| Resident fees and services | $1.9B | 67% |
| Other | $822.6M | 29% |
| Rental income | $103.4M | 4% |
