LVS vs PENN
LAS Vegas Sands Corp. and Penn Entertainment, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LVS | PENN |
|---|---|---|
| Revenue | $13.0B | $7.0B |
| Net income | $1.6B | $-843.1M |
| Gross margin | · | · |
| Net margin | 14.3% | −12.1% |
| Return on equity | 72.7% | −35.9% |
| Diluted EPS | $2.35 | −$5.83 |
| Dividend / share | $1.00 | · |
| Payout ratio | 51.2% | · |
| Free cash flow | $1.9B | · |
| Equity | $1.6B | $1.8B |
| Net debt / equity | 6.80× | 1.20× |
| Current ratio | 1.14× | 0.79× |
| Revenue CAGR 5y | 34.7% | 14.2% |
| Profit CAGR 5y | · | · |
LVS bills 1.9× the revenue of PENN, and PENN 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 | LVS | PENN |
|---|---|---|
| FY2025 | $13.0B | $7.0B |
| FY2024 | $11.3B | $6.6B |
| FY2023 | $10.4B | $6.4B |
| FY2022 | $4.1B | $6.4B |
| FY2021 | $4.2B | $5.9B |
| FY2020 | $2.9B | $3.6B |
| FY2019 | $12.1B | $5.3B |
| FY2018 | $13.7B | $3.6B |
| FY2017 | $12.7B | $3.3B |
| FY2016 | $11.3B | $3.2B |
Bottom line
| Fiscal year | LVS | PENN |
|---|---|---|
| FY2025 | $1.6B | $-843.1M |
| FY2024 | $1.4B | $-311.5M |
| FY2023 | $1.2B | $-490.0M |
| FY2022 | $1.8B | $222.1M |
| FY2021 | $-961.0M | $420.8M |
| FY2020 | $-1.7B | $-669.5M |
| FY2019 | $2.7B | $43.9M |
| FY2018 | $2.4B | $93.5M |
| FY2017 | $2.8B | $473.4M |
| FY2016 | $1.7B | $109.3M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$6,056,000,000 | LVS |
| FY2024 | +$4,719,900,000 | LVS |
| FY2023 | +$4,009,100,000 | LVS |
| FY2022 | −$2,291,700,000 | PENN |
| FY2021 | −$1,671,000,000 | PENN |
| FY2020 | −$638,700,000 | PENN |
| FY2019 | +$6,825,600,000 | LVS |
| FY2018 | +$10,141,100,000 | LVS |
| FY2017 | +$9,396,500,000 | LVS |
| FY2016 | +$8,061,959,000 | LVS |
| FY2015 | +$8,849,642,000 | LVS |
| FY2014 | +$11,993,473,000 | LVS |
| FY2013 | +$10,991,999,000 | LVS |
| FY2012 | +$8,442,310,000 | LVS |
| FY2011 | +$6,668,488,000 | LVS |
| FY2010 | +$4,394,071,000 | LVS |
| FY2009 | +$2,193,830,000 | LVS |
| FY2008 | +$1,966,893,000 | LVS |
The higher-revenue side has changed between LVS and PENN over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +26.5 pp | LVS |
| FY2024 | +20.3 pp | LVS |
| FY2023 | +21.5 pp | LVS |
| FY2022 | +29.6 pp | LVS |
| FY2021 | −37.3 pp | PENN |
| FY2020 | −54.2 pp | PENN |
| FY2019 | +26.4 pp | LVS |
| FY2018 | +18.9 pp | LVS |
| FY2017 | +11.4 pp | LVS |
| FY2016 | +14.6 pp | LVS |
| FY2015 | +20.4 pp | LVS |
| FY2014 | +31.7 pp | LVS |
| FY2013 | +42.4 pp | LVS |
| FY2012 | +9.0 pp | LVS |
| FY2011 | +11.2 pp | LVS |
| FY2010 | +13.9 pp | LVS |
| FY2009 | +3.2 pp | LVS |
| FY2008 | +2.5 pp | LVS |
The higher net margin has changed hands between LVS and PENN over this period.
18 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 PENN's over the 18 comparable fiscal years — 24.6 percentage points of standard deviation against 9.3.
18 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 LVS and PENN over these 18 fiscal years — LVS led in 16 and PENN in 2.
18 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 PENN's over the 11 comparable fiscal years — 35.7 percentage points of standard deviation against 15.9.
11 of 18 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 PENN over these 11 fiscal years — LVS led in 9 and PENN in 2.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.