CZR vs. LVS

Last updated Apr 1, 2026

Compare and contrast key facts about Caesars Entertainment, Inc. (CZR) and Las Vegas Sands Corp. (LVS).

Performance

CZR vs. LVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caesars Entertainment, Inc. (CZR) and Las Vegas Sands Corp. (LVS). The values are adjusted to include any dividend payments, if applicable.

CZR vs. LVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CZR Caesars Entertainment, Inc.	13.00%	-30.01%	-28.71%	12.69%	-55.52%	25.93%	24.53%	64.71%	9.23%	95.58%
LVS Las Vegas Sands Corp.	-16.79%	29.45%	6.21%	3.15%	27.71%	-36.85%	-11.95%	39.54%	-21.62%	36.16%

Fundamentals

Market Cap CZR : $5.37B LVS : $36.53B
EPS CZR : -$2.43 LVS : $2.37
PS Ratio CZR : 0.47 LVS : 2.84
PB Ratio CZR : 1.46 LVS : 22.98
Total Revenue (TTM) CZR : $11.49B LVS : $13.02B
Gross Profit (TTM) CZR : $3.96B LVS : $3.67B
EBITDA (TTM) CZR : $2.15B LVS : $4.50B

Returns By Period

In the year-to-date period, CZR achieves a 13.00% return, which is significantly higher than LVS's -16.79% return. Over the past 10 years, CZR has outperformed LVS with an annualized return of 9.00%, while LVS has yielded a comparatively lower 2.99% annualized return.

CZR

• 1D: 3.65%
• 1M: 5.51%
• YTD: 13.00%
• 6M: -2.20%
• 1Y: 5.72%
• 3Y*: -18.49%
• 5Y*: -21.55%
• 10Y*: 9.00%

LVS

• 1D: 4.38%
• 1M: -5.01%
• YTD: -16.79%
• 6M: 1.10%
• 1Y: 42.38%
• 3Y*: -0.42%
• 5Y*: -1.72%
• 10Y*: 2.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CZR vs. LVS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CZR

CZR Risk / Return Rank: 44
CZR Sharpe Ratio Rank: 45
CZR Sortino Ratio Rank: 46
CZR Omega Ratio Rank: 44
CZR Calmar Ratio Rank: 44
CZR Martin Ratio Rank: 43

LVS

LVS Risk / Return Rank: 74
LVS Sharpe Ratio Rank: 76
LVS Sortino Ratio Rank: 71
LVS Omega Ratio Rank: 74
LVS Calmar Ratio Rank: 74
LVS Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CZR vs. LVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caesars Entertainment, Inc. (CZR) and Las Vegas Sands Corp. (LVS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CZR	LVS	Difference
Sharpe ratio Return per unit of total volatility	0.10	1.06	-0.96
Sortino ratio Return per unit of downside risk	0.61	1.59	-0.98
Omega ratio Gain probability vs. loss probability	1.07	1.24	-0.16
Calmar ratio Return relative to maximum drawdown	0.07	1.74	-1.67
Martin ratio Return relative to average drawdown	0.14	4.09	-3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CZR vs. LVS - Sharpe Ratio Comparison

The current CZR Sharpe Ratio is 0.10, which is lower than the LVS Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of CZR and LVS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CZR	LVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.06	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	-0.04	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.08	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.05	+0.24

Correlation

The correlation between CZR and LVS is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CZR vs. LVS - Dividend Comparison

CZR has not paid dividends to shareholders, while LVS's dividend yield for the trailing twelve months is around 1.95%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CZR Caesars Entertainment, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LVS Las Vegas Sands Corp.	1.95%	1.54%	1.56%	0.81%	0.00%	0.00%	1.33%	4.46%	5.76%	4.20%	5.39%	5.93%

Drawdowns

CZR vs. LVS - Drawdown Comparison

The maximum CZR drawdown since its inception was -89.78%, smaller than the maximum LVS drawdown of -99.02%. Use the drawdown chart below to compare losses from any high point for CZR and LVS.

Drawdown Indicators

	CZR	LVS	Difference
Max Drawdown Largest peak-to-trough decline	-89.78%	-99.02%	+9.24%
Max Drawdown (1Y) Largest decline over 1 year	-42.43%	-25.33%	-17.10%
Max Drawdown (5Y) Largest decline over 5 years	-84.82%	-52.62%	-32.20%
Max Drawdown (10Y) Largest decline over 10 years	-89.78%	-58.77%	-31.01%
Current Drawdown Current decline from peak	-77.88%	-41.16%	-36.72%
Average Drawdown Average peak-to-trough decline	-30.91%	-50.02%	+19.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.46%	10.77%	+10.69%

Volatility

CZR vs. LVS - Volatility Comparison

Caesars Entertainment, Inc. (CZR) has a higher volatility of 14.90% compared to Las Vegas Sands Corp. (LVS) at 8.10%. This indicates that CZR's price experiences larger fluctuations and is considered to be riskier than LVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZR	LVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.90%	8.10%	+6.80%
Volatility (6M) Calculated over the trailing 6-month period	43.59%	29.20%	+14.39%
Volatility (1Y) Calculated over the trailing 1-year period	57.54%	40.13%	+17.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.94%	40.70%	+12.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.88%	38.85%	+22.03%

Financials

CZR vs. LVS - Profitability Comparison

The chart below illustrates the profitability comparison between Caesars Entertainment, Inc. and Las Vegas Sands Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CZR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Caesars Entertainment, Inc. reported a gross profit of 0.00 and revenue of 2.92B. Therefore, the gross margin over that period was 0.0%.

LVS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Las Vegas Sands Corp. reported a gross profit of 746.00M and revenue of 3.65B. Therefore, the gross margin over that period was 20.4%.

CZR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Caesars Entertainment, Inc. reported an operating income of 341.00M and revenue of 2.92B, resulting in an operating margin of 11.7%.

LVS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Las Vegas Sands Corp. reported an operating income of 875.00M and revenue of 3.65B, resulting in an operating margin of 24.0%.

CZR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Caesars Entertainment, Inc. reported a net income of -250.00M and revenue of 2.92B, resulting in a net margin of -8.6%.

LVS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Las Vegas Sands Corp. reported a net income of 395.00M and revenue of 3.65B, resulting in a net margin of 10.8%.