HLT vs LVS
Hilton Worldwide Holdings Inc. and LAS Vegas Sands Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HLT | LVS |
|---|---|---|
| Revenue | $12.0B | $13.0B |
| Net income | $1.5B | $1.6B |
| Gross margin | · | · |
| Net margin | 12.1% | 14.3% |
| Return on equity | · | 72.7% |
| Diluted EPS | $6.12 | $2.35 |
| Dividend / share | $0.60 | $1.00 |
| Payout ratio | 9.8% | 51.2% |
| Free cash flow | $2.0B | $1.9B |
| Equity | $-5.4B | $1.6B |
| Net debt / equity | · | 6.80× |
| Current ratio | 0.66× | 1.14× |
| Revenue CAGR 5y | 22.8% | 34.7% |
| Profit CAGR 5y | · | · |
HLT and LVS book revenue within 15% of each other, and LVS keeps more of each dollar of revenue as profit (14.3% against 12.1%).
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 | HLT | LVS |
|---|---|---|
| FY2025 | $12.0B | $13.0B |
| FY2024 | $11.2B | $11.3B |
| FY2023 | $10.2B | $10.4B |
| FY2022 | $8.8B | $4.1B |
| FY2021 | $5.8B | $4.2B |
| FY2020 | $4.3B | $2.9B |
| FY2019 | $9.5B | $12.1B |
| FY2018 | $8.9B | $13.7B |
| FY2017 | $8.1B | $12.7B |
| FY2016 | $6.6B | $11.3B |
Bottom line
| Fiscal year | HLT | LVS |
|---|---|---|
| FY2025 | $1.5B | $1.6B |
| FY2024 | $1.5B | $1.4B |
| FY2023 | $1.1B | $1.2B |
| FY2022 | $1.3B | $1.8B |
| FY2021 | $410.0M | $-961.0M |
| FY2020 | $-715.0M | $-1.7B |
| FY2019 | $881.0M | $2.7B |
| FY2018 | $764.0M | $2.4B |
| FY2017 | $1.1B | $2.8B |
| FY2016 | $338.0M | $1.7B |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$978,000,000 | LVS |
| FY2024 | −$124,000,000 | LVS |
| FY2023 | −$137,000,000 | LVS |
| FY2022 | +$4,663,000,000 | HLT |
| FY2021 | +$1,554,000,000 | HLT |
| FY2020 | +$1,367,000,000 | HLT |
| FY2019 | −$2,675,000,000 | LVS |
| FY2018 | −$4,823,000,000 | LVS |
| FY2017 | −$4,597,000,000 | LVS |
| FY2016 | −$4,695,000,000 | LVS |
| FY2015 | −$4,555,000,000 | LVS |
| FY2014 | −$4,082,000,000 | LVS |
| FY2013 | −$4,034,885,000 | LVS |
| FY2012 | −$1,855,132,000 | LVS |
The higher-revenue side has changed between HLT 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 | −2.2 pp | LVS |
| FY2024 | −1.7 pp | LVS |
| FY2023 | −2.6 pp | LVS |
| FY2022 | −18.7 pp | LVS |
| FY2021 | +37.2 pp | HLT |
| FY2020 | +56.2 pp | HLT |
| FY2019 | −17.9 pp | LVS |
| FY2018 | −12.9 pp | LVS |
| FY2017 | −12.2 pp | LVS |
| FY2016 | −12.6 pp | LVS |
| FY2015 | −0.6 pp | LVS |
| FY2014 | −18.1 pp | LVS |
| FY2013 | −16.7 pp | LVS |
| FY2012 | −13.0 pp | LVS |
The higher net margin has changed hands between HLT 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 HLT's over the 14 comparable fiscal years — 27.1 percentage points of standard deviation against 8.1.
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 HLT and LVS over these 14 fiscal years — HLT 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
HLT's return on equity has been more volatile than LVS's over the 7 comparable fiscal years — 19.2 percentage points of standard deviation against 7.9.
7 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 HLT and LVS over these 7 fiscal years — HLT led in 1 and LVS in 6.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.