Hotels · 11/36 against 16/36 checks · to 2026-09-08
HLT vs LVS.
HiltonFranchises and manages hotels under Hilton, Hampton, Waldorf Astoria and other brands.
Las Vegas SandsRuns casino resorts in Macau and Singapore.→Hilton (HLT) and Las Vegas Sands (LVS) are within reach of each other at $68.5B and $28.5B, and on the filings Las Vegas Sands passes more, 16 checks of 36 against 11.
Which passes more checks?
widest gap first→The two are furthest apart on Value, where Las Vegas Sands passes 3 more of the six.
| HLT | LVS | |
|---|---|---|
| Value | 0/6 | 3/6 |
| Growth | 2/6 | 4/6 |
| Health | 1/6 | 2/6 |
| Shareholder returns | 4/6 | 3/6 |
| Quality | 4/6 | 4/6 |
| Trend analysis | 0/6 | 0/6 |
| All checks | 11/36 | 16/36 |
→Las Vegas Sands turns over $13.7B to Hilton's $12.5B, 1.1 times as much. Hilton keeps 12.7% of revenue as profit against 12.6% at Las Vegas Sands.
Which is cheaper?
→Las Vegas Sands is the cheaper of the two on earnings, 17.6x against 45.7x. Against their own histories, Hilton is above its 34.3x median and Las Vegas Sands is below its 18.6x.
| HLT | LVS | |
|---|---|---|
| Share price | $304.47 | $43.98 |
| Market cap | $68.5B | $28.5B |
| P/E | 45.7x | 17.6x |
| P/E, own median own 10-year median / own 9-year median | 34.3x | 18.6x |
| P/S | 5.5x | 2.1x |
| Free cash flow yield | 3.0% | 9.5% |
Which is growing faster, HLT or LVS?
→Las Vegas Sands grew revenue faster last year, +18.1% against +8.7% at Hilton - 9 points apart. Over three years the order is reversed: Las Vegas Sands compounds at +46.9% against +11.1%.
| HLT | LVS | |
|---|---|---|
| Revenue (TTM) | $12.5B | $13.7B |
| Revenue growth, 1 year | +8.7% | +18.1% |
| Revenue CAGR, 3 years | +11.1% | +46.9% |
| Net income (TTM) | $1.6B | $1.7B |
| Free cash flow (TTM) | $2.0B | $2.7B |
Which balance sheet is stronger?
| HLT | LVS | |
|---|---|---|
| Debt / equity | - | 23.57x |
| Interest coverage | 4.4x | 3.9x |
| Cash and short-term investments | $1.0B | $3.4B |
Which hands more back to owners?
→Both pay: Las Vegas Sands yields the more at 2.9% against 0.2%. A yield rises when a price falls, so read it beside the payout checks in each report.
| HLT | LVS | |
|---|---|---|
| Dividend yield | 0.2% | 2.9% |
| Payout ratio | 9.0% | 48.2% |
| Years of unbroken dividend | - | - |
Which keeps more of each sale?
→Their operating margins are within 1.9 points of each other, 23.3% at Hilton and 21.5% at Las Vegas Sands, so neither keeps materially more of a sale than the other.
| HLT | LVS | |
|---|---|---|
| Gross margin | - | - |
| Operating margin | 23.3% | 21.5% |
| Return on equity | - | 297.2% |
Where they differ most
the checks behind the gapValue: Las Vegas Sands 3 ahead
- Earnings yield beats a long bond (4%) 5.7% vs 4.0%
- Free cash flow yield above 3% 9.5% vs 3.0%
- Cheap on enterprise value 8.85 vs 14.00 (peer median)
- Earnings yield beats a long bond (4%) 2.2% vs 4.0%
- Free cash flow yield above 3% 3.0% vs 3.0%
- Cheap on enterprise value 25.82 vs 14.00 (peer median)
Growth: Las Vegas Sands 2 ahead
- Outgrew its sector last year 18.1% vs 6.7% (sector 70th pct, n=26)
- Sustained growth beats its sector (3 years) 46.9% vs 21.9% (sector 70th pct, n=25)
- Profits grew last year 22.3% vs 0.0%
- Sustained growth beats its sector (3 years) 11.1% vs 21.9% (sector 70th pct, n=25)
- Profits grew last year -0.3% vs 0.0%
- Profit growth beats its peers 10.6% vs 13.0% (market 70th pct)