LVS vs MAR
LAS Vegas Sands Corp. and Marriott International Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LVS | MAR |
|---|---|---|
| Revenue | $13.0B | $26.2B |
| Net income | $1.6B | $2.6B |
| Gross margin | · | · |
| Net margin | 14.3% | 9.9% |
| Return on equity | 72.7% | · |
| Diluted EPS | $2.35 | $9.51 |
| Dividend / share | $1.00 | $2.64 |
| Payout ratio | 51.2% | 27.6% |
| Free cash flow | $1.9B | $2.6B |
| Equity | $1.6B | $-3.8B |
| Net debt / equity | 6.80× | · |
| Current ratio | 1.14× | 0.43× |
| Revenue CAGR 5y | 34.7% | 19.9% |
| Profit CAGR 5y | · | · |
MAR bills 2.0× the revenue of LVS, and LVS keeps more of each dollar of revenue as profit (14.3% against 9.9%).
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 | LVS | MAR |
|---|---|---|
| FY2025 | $13.0B | $26.2B |
| FY2024 | $11.3B | $25.1B |
| FY2023 | $10.4B | $23.7B |
| FY2022 | $4.1B | $20.8B |
| FY2021 | $4.2B | $13.9B |
| FY2020 | $2.9B | $10.6B |
| FY2019 | $12.1B | $21.0B |
| FY2018 | $13.7B | $20.8B |
| FY2017 | $12.7B | $20.5B |
| FY2016 | $11.3B | $15.4B |
Bottom line
| Fiscal year | LVS | MAR |
|---|---|---|
| FY2025 | $1.6B | $2.6B |
| FY2024 | $1.4B | $2.4B |
| FY2023 | $1.2B | $3.1B |
| FY2022 | $1.8B | $2.4B |
| FY2021 | $-961.0M | $1.1B |
| FY2020 | $-1.7B | $-267.0M |
| FY2019 | $2.7B | $1.3B |
| FY2018 | $2.4B | $1.9B |
| FY2017 | $2.8B | $1.5B |
| FY2016 | $1.7B | $808.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$13,169,000,000 | MAR |
| FY2024 | −$13,802,000,000 | MAR |
| FY2023 | −$13,341,000,000 | MAR |
| FY2022 | −$16,663,000,000 | MAR |
| FY2021 | −$9,623,000,000 | MAR |
| FY2020 | −$7,631,000,000 | MAR |
| FY2019 | −$8,845,000,000 | MAR |
| FY2018 | −$7,029,000,000 | MAR |
| FY2017 | −$7,724,000,000 | MAR |
| FY2016 | −$4,136,000,000 | MAR |
| FY2015 | −$2,798,000,000 | MAR |
| FY2014 | +$788,000,000 | LVS |
| FY2013 | +$985,885,000 | LVS |
| FY2012 | −$682,868,000 | MAR |
| FY2011 | −$2,906,255,000 | MAR |
| FY2010 | −$4,837,818,000 | MAR |
| FY2009 | −$6,344,895,000 | MAR |
| FY2008 | −$8,489,054,000 | MAR |
The higher-revenue side has changed between LVS and MAR over this period. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.4 pp | LVS |
| FY2024 | +6.0 pp | LVS |
| FY2023 | +0.8 pp | LVS |
| FY2022 | +21.7 pp | LVS |
| FY2021 | −38.1 pp | MAR |
| FY2020 | −70.4 pp | MAR |
| FY2019 | +21.2 pp | LVS |
| FY2018 | +12.3 pp | LVS |
| FY2017 | +18.5 pp | LVS |
| FY2016 | +12.7 pp | LVS |
| FY2014 | +19.1 pp | LVS |
| FY2013 | +16.6 pp | LVS |
| FY2012 | +12.1 pp | LVS |
| FY2011 | +18.4 pp | LVS |
| FY2010 | +7.5 pp | LVS |
| FY2009 | −4.8 pp | MAR |
| FY2008 | −6.5 pp | MAR |
The higher net margin has changed hands between LVS and MAR over this period.
17 of 19 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 MAR's over the 17 comparable fiscal years — 25.2 percentage points of standard deviation against 4.3.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LVS and MAR over these 17 fiscal years — LVS led in 13 and MAR in 4.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MAR's return on equity has been more volatile than LVS's over the 8 comparable fiscal years — 84.1 percentage points of standard deviation against 37.8.
8 of 19 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 LVS and MAR over these 8 fiscal years — LVS led in 3 and MAR in 5.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.