LVS
Las Vegas Sands Corp.
LVS has a slight edge over NIO overall, supported by stronger valuation and lower modeled downside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
LVS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Stable |
LVS's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
LVS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $39.33 | — |
| Current | 16x | $39.33 | — |
| Cheap | 17x | $40.68 | +3.4% |
| Fair | 23x | $55.10 | +40% |
| Expensive | 32x | $78.82 | +100% |
Historical ranges are pointers, not guarantees.
LVS's PE is in its cheap range at 16x. On analysts' estimates for next year's earnings, today's price would be 14x.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
LVS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect LVS's profitability to weaken, with its earnings and revenue holding steady. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over LVS on the outlook, with more favorable earnings and revenue expectations.
LVS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.87 | +18% |
| Q3 2026 | $2.44 | +10% |
| Q2 2026 | $2.57 | +30% |
| Q1 2026 | $2.70 | +50% |
| Q4 2025 | $2.34 | +19% |
| Q3 2025 | $2.21 | +9.4% |
| Q2 2025 | $1.98 | -7.5% |
| Q1 2025 | $1.80 | -13% |
| Q4 2024 | $1.97 | +23% |
LVS has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
LVS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | -3.5% |
| Q2 2026 | $3.2B | -0.7% |
| Q1 2026 | $3.6B | +25% |
| Q4 2025 | $3.6B | +26% |
| Q3 2025 | $3.3B | +24% |
| Q2 2025 | $3.2B | +15% |
| Q1 2025 | $2.9B | -3.3% |
| Q4 2024 | $2.9B | -0.7% |
LVS's revenue is growing: $3.2B last quarter, down 3.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -2.4 points |
| Q2 2026 | 20% | -5.1 points |
| Q1 2026 | 25% | +3.9 points |
| Q4 2025 | 19% | -1 points |
| Q3 2025 | 22% | +2.8 points |
| Q2 2025 | 25% | +3.3 points |
| Q1 2025 | 21% | -2.9 points |
| Q4 2024 | 20% | -4 points |
LVS has the edge over NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over LVS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
LVS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $589M | -34% |
| Q2 2026 | $350M | +$458M |
| Q1 2026 | $537M | +265% |
| Q4 2025 | $930M | +153% |
| Q3 2025 | $886M | +299% |
| Q2 2025 | -$108M | -120% |
| Q1 2025 | $147M | -72% |
| Q4 2024 | $368M | -46% |
LVS generated $2.4B in free cash flow over the past year, up 86% from the year before.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
LVS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -16M shares |
| 1 year | -6.6% | -45M shares |
| 3 years | -16% | -126M shares |
| 5 years | -16% | -124M shares |
| Available history | -17% | -131M shares |
LVS has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $950M |
| Q2 2026 | $788M |
| Q1 2026 | $753M |
| Q4 2025 | $501M |
| Q3 2025 | $500M |
| Q2 2025 | $800M |
| Q1 2025 | $416M |
| Q4 2024 | $450M |
LVS spent $3B buying back its own shares over the past year, up 38% from the year before.
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
LVS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 3.2x | Elevated |
| Q1 2025 | 3.0x | Moderate |
| Q4 2024 | 2.7x | Moderate |
LVS's net debt is about 3.0 years of its operating earnings (EBITDA), about the same as a year ago.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
LVS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.3 | Neutral |
| Stochastic | 29.3 | Neutral |
LVS's weekly RSI is 40 (neutral) and its Stochastic is 29 (neutral).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
LVS PE vs Consumer Cyclical Sector
| Metric | LVS | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 11% below |
| PE % | 12 | 47 | 35 pts below |
LVS is trading at 16x earnings, a 11% discount to the Consumer Cyclical sector's median of 18x.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
LVS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.8 | 4.2% above |
| 20 week MA | $42.4 | 7.2% below |
| 50 week MA | $50.5 | 22% below |
| 100 week MA | $49.2 | 20% below |
| 200 week MA | $50.0 | 21% below |
LVS has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
LVS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $69.7 | $57.0 | -18% |
| 2021 | $57.0 | $38.6 | -32% |
| 2022 | $38.6 | $46.5 | +21% |
| 2023 | $46.5 | $49.2 | +5.8% |
| 2024 | $49.2 | $51.9 | +5.4% |
| 2025 | $51.9 | $66.2 | +28% |
| 2026 YTD | $66.2 | $39.3 | -41% |
LVS is down 41% so far in 2026, after finishing higher in four of the previous six years.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO has the edge over LVS on returns for 2026, with the stronger performance.