LVS vs MGM
LAS Vegas Sands Corp. and MGM Resorts International, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | LVS | MGM |
|---|---|---|
| Revenue | $13.0B | $17.5B |
| Net income | $1.6B | $205.9M |
| Gross margin | — | — |
| Net margin | 12.5% | 1.2% |
| Return on equity | 72.7% | 7.5% |
| Diluted EPS | $2.35 | $0.76 |
| Dividend / share | $1.00 | $0.01 |
| Payout ratio | 51.2% | 0.0% |
| Free cash flow | $1.9B | $1.5B |
| Equity | $1.6B | $2.4B |
| Net debt / equity | 6.80× | 1.71× |
| Current ratio | 1.14× | 1.23× |
| Revenue CAGR 5y | 34.7% | 27.7% |
| Profit CAGR 5y | — | — |
MGM bills 1.3× the revenue of LVS, and LVS keeps more of each dollar of revenue as profit (12.5% against 1.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | LVS | MGM |
|---|---|---|
| FY2025 | $13.0B | $17.5B |
| FY2024 | $11.3B | $17.2B |
| FY2023 | $10.4B | $16.2B |
| FY2022 | $4.1B | $13.1B |
| FY2021 | $4.2B | $9.7B |
| FY2020 | $2.9B | $5.2B |
| FY2019 | $12.1B | $12.9B |
| FY2018 | $13.7B | $11.8B |
| FY2017 | $12.7B | $10.8B |
| FY2016 | $11.3B | $9.5B |
Net income by year
Bottom line
| Fiscal year | LVS | MGM |
|---|---|---|
| FY2025 | $1.6B | $205.9M |
| FY2024 | $1.4B | $746.6M |
| FY2023 | $1.2B | $1.1B |
| FY2022 | $1.8B | $1.5B |
| FY2021 | $-961.0M | $1.3B |
| FY2020 | $-1.7B | $-1.0B |
| FY2019 | $2.7B | $2.0B |
| FY2018 | $2.4B | $466.8M |
| FY2017 | $2.8B | $2.0B |
| FY2016 | $1.7B | $1.1B |
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