LVS
Las Vegas Sands Corp.
LVS has the edge over RIVN overall, supported by stronger valuation and lower modeled downside.
RIVN
Rivian Automotive, Inc.
RIVN offers stronger modeled upside, 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.
RIVN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
RIVN's revenue is currently healthy, but its profitability and cash flow are weak. 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.
RIVN PE Valuation
RIVN 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.
RIVN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RIVN 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 RIVN on earnings quality, reporting a profit while its opponent remains loss making.
RIVN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.25 | +$0.83 |
| Q2 2026 | -$2.58 | +$0.62 |
| Q1 2026 | -$2.92 | +$0.77 |
| Q4 2025 | -$3.07 | +$1.62 |
| Q3 2025 | -$3.08 | +$2.52 |
| Q2 2025 | -$3.20 | +$2.76 |
| Q1 2025 | -$3.69 | +$2.08 |
| Q4 2024 | -$4.69 | +$1.05 |
RIVN is still losing money, but far less than before: $2.25 per share over the past year, against $7.40 at its worst in late 2022.
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 RIVN on profitability, with a higher operating margin.
RIVN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +38% |
| Q2 2026 | $1.7B | +27% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | -26% |
| Q3 2025 | $1.6B | +78% |
| Q2 2025 | $1.3B | +13% |
| Q1 2025 | $1.2B | +3% |
| Q4 2024 | $1.7B | +32% |
RIVN has the edge over LVS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -41% | +22 points |
| Q2 2026 | -50% | +35 points |
| Q1 2026 | -64% | -11 points |
| Q4 2025 | -65% | -27 points |
| Q3 2025 | -63% | +71 points |
| Q2 2025 | -86% | +33 points |
| Q1 2025 | -53% | +70 points |
| Q4 2024 | -38% | +82 points |
RIVN's operating margin was −41% last quarter, up 22 points from the same quarter a year ago, near the top of its range since 2021.
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 has the edge over RIVN on cash generation, producing positive trailing cash flow while its opponent burns cash.
RIVN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | -$703M |
| Q2 2026 | -$849M | -$451M |
| Q1 2026 | -$1.1B | -$549M |
| Q4 2025 | -$1.1B | -234% |
| Q3 2025 | -$421M | +$732M |
| Q2 2025 | -$398M | +$639M |
| Q1 2025 | -$526M | +$997M |
| Q4 2024 | $856M | +$2.3B |
RIVN has burned cash in almost every quarter: −$4.2B over the past year, against −$489M 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 RIVN 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.
RIVN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.1% | +121M shares |
| 1 year | +19% | +226M shares |
| 3 years | +52% | +494M shares |
RIVN has 1.4B diluted shares, up 19% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | $6M |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
RIVN Net Leverage
RIVN'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).
RIVN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 25.6 | Neutral |
RIVN's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
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.
RIVN PE vs Consumer Cyclical Sector
RIVN 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 RIVN on trend strength, trading above more of its moving averages.
RIVN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.3 | 3.9% below |
| 20 week MA | $15.1 | 15% below |
| 50 week MA | $15.9 | 19% below |
| 100 week MA | $14.7 | 13% below |
| 200 week MA | $15.1 | 15% below |
RIVN is in a downtrend: it's below all five of its weekly moving averages, and 15% 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.
RIVN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $130.0 | $96.8 | -25% |
| 2022 | $96.8 | $19.1 | -80% |
| 2023 | $19.1 | $23.5 | +23% |
| 2024 | $23.5 | $13.7 | -42% |
| 2025 | $13.7 | $20.9 | +53% |
| 2026 YTD | $20.9 | $12.8 | -39% |
RIVN has the edge over LVS on returns for 2026, with the stronger performance.