CZR vs LVS
Caesars Entertainment, Inc. and LAS Vegas Sands Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CZR | LVS |
|---|---|---|
| Revenue | $11.5B | $13.0B |
| Net income | $-502.0M | $1.6B |
| Gross margin | · | · |
| Net margin | −3.8% | 14.3% |
| Return on equity | −13.1% | 72.7% |
| Diluted EPS | −$2.42 | $2.35 |
| Dividend / share | · | $1.00 |
| Payout ratio | · | 51.2% |
| Free cash flow | $497.0M | $1.9B |
| Equity | $3.5B | $1.6B |
| Net debt / equity | 3.11× | 6.80× |
| Current ratio | 0.80× | 1.14× |
| Revenue CAGR 5y | 25.9% | 34.7% |
| Profit CAGR 5y | · | · |
CZR and LVS book revenue within 15% of each other, and CZR closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CZR | LVS |
|---|---|---|
| FY2025 | $11.5B | $13.0B |
| FY2024 | $11.2B | $11.3B |
| FY2023 | $11.5B | $10.4B |
| FY2022 | $10.8B | $4.1B |
| FY2021 | $9.6B | $4.2B |
| FY2020 | $3.6B | $2.9B |
| FY2019 | $2.5B | $12.1B |
| FY2018 | $2.1B | $13.7B |
| FY2017 | $1.5B | $12.7B |
| FY2016 | $900.5M | $11.3B |
Bottom line
| Fiscal year | CZR | LVS |
|---|---|---|
| FY2025 | $-502.0M | $1.6B |
| FY2024 | $-278.0M | $1.4B |
| FY2023 | $786.0M | $1.2B |
| FY2022 | $-899.0M | $1.8B |
| FY2021 | $-1.0B | $-961.0M |
| FY2020 | $-1.8B | $-1.7B |
| FY2019 | $81.0M | $2.7B |
| FY2018 | $95.0M | $2.4B |
| FY2017 | $73.4M | $2.8B |
| FY2016 | $24.5M | $1.7B |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,531,000,000 | LVS |
| FY2024 | −$53,000,000 | LVS |
| FY2023 | +$1,156,000,000 | CZR |
| FY2022 | +$6,711,000,000 | CZR |
| FY2021 | +$5,336,000,000 | CZR |
| FY2020 | +$688,000,000 | CZR |
| FY2019 | −$9,599,000,000 | LVS |
| FY2018 | −$11,673,000,000 | LVS |
| FY2017 | −$11,247,202,000 | LVS |
| FY2016 | −$10,370,535,000 | LVS |
| FY2015 | −$10,968,216,000 | LVS |
| FY2014 | −$14,222,177,000 | LVS |
| FY2013 | −$13,522,699,000 | LVS |
| FY2012 | −$10,834,862,000 | LVS |
The higher-revenue side has changed between CZR and LVS over this period. The gap has narrowed since the earliest year compared.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −18.1 pp | LVS |
| FY2024 | −17.4 pp | LVS |
| FY2023 | −6.6 pp | LVS |
| FY2022 | −41.4 pp | LVS |
| FY2021 | +19.5 pp | CZR |
| FY2020 | +24.4 pp | CZR |
| FY2019 | −24.0 pp | LVS |
| FY2018 | −16.9 pp | LVS |
| FY2017 | −20.7 pp | LVS |
| FY2016 | −15.2 pp | LVS |
| FY2015 | −4.6 pp | LVS |
| FY2014 | −28.6 pp | LVS |
| FY2013 | −13.8 pp | LVS |
| FY2012 | −17.2 pp | LVS |
The higher net margin has changed hands between CZR and LVS over this period.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LVS's net margin has been more volatile than CZR's over the 14 comparable fiscal years — 27.1 percentage points of standard deviation against 14.4.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CZR and LVS over these 14 fiscal years — CZR led in 2 and LVS in 12.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LVS's return on equity has been more volatile than CZR's over the 14 comparable fiscal years — 31.2 percentage points of standard deviation against 25.4.
14 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CZR and LVS over these 14 fiscal years — CZR led in 2 and LVS in 12.
14 of 17 comparable fiscal years — a year missing data on either side is not counted.