Hotels · 16/36 against 13/36 checks · to 2026-09-08
LVS vs MAR.
Las Vegas SandsRuns casino resorts in Macau and Singapore.
MarriottFranchises and manages hotels under Marriott, Sheraton, Westin and other brands.→Las Vegas Sands (LVS) and Marriott (MAR) are within reach of each other at $28.5B and $85.7B, and on the filings Las Vegas Sands passes more, 16 checks of 36 against 13.
Which passes more checks?
widest gap first→No axis separates them by more than 2 of six checks, and the widest is Value.
| LVS | MAR | |
|---|---|---|
| Value | 3/6 | 1/6 |
| Growth | 4/6 | 2/6 |
| Quality | 4/6 | 3/6 |
| Shareholder returns | 3/6 | 4/6 |
| Trend analysis | 0/6 | 1/6 |
| Health | 2/6 | 2/6 |
| All checks | 16/36 | 13/36 |
→Marriott turns over $26.9B to Las Vegas Sands's $13.7B, 2.0 times as much. Las Vegas Sands keeps 12.6% of revenue as profit against 9.6% at Marriott.
Which is cheaper?
→Las Vegas Sands is the cheaper of the two on earnings, 17.6x against 34.8x. Against their own histories, Las Vegas Sands is below its 18.6x median and Marriott is above its 24.9x.
| LVS | MAR | |
|---|---|---|
| Share price | $43.98 | $328.79 |
| Market cap | $28.5B | $85.7B |
| P/E | 17.6x | 34.8x |
| P/E, own median own 9-year median / own 10-year median | 18.6x | 24.9x |
| P/S | 2.1x | 3.2x |
| Free cash flow yield | 9.5% | 3.7% |
Which is growing faster, LVS or MAR?
→Las Vegas Sands grew revenue faster last year, +18.1% against +4.7% at Marriott - 13 points apart. Over three years the order is the same, Las Vegas Sands at +46.9% and Marriott at +8.0%.
| LVS | MAR | |
|---|---|---|
| Revenue (TTM) | $13.7B | $26.9B |
| Revenue growth, 1 year | +18.1% | +4.7% |
| Revenue CAGR, 3 years | +46.9% | +8.0% |
| Net income (TTM) | $1.7B | $2.6B |
| Free cash flow (TTM) | $2.7B | $3.1B |
Which keeps more of each sale?
→Las Vegas Sands keeps more of each sale: operating margin of 21.5% against 15.8%, a gap of 6 points that flows into everything below it.
| LVS | MAR | |
|---|---|---|
| Gross margin | - | - |
| Operating margin | 21.5% | 15.8% |
| Return on equity | 297.2% | - |
Which hands more back to owners?
→Both pay: Las Vegas Sands yields the more at 2.9% against 0.8%. A yield rises when a price falls, so read it beside the payout checks in each report.
| LVS | MAR | |
|---|---|---|
| Dividend yield | 2.9% | 0.8% |
| Payout ratio | 48.2% | 27.8% |
| Years of unbroken dividend | - | - |
Which balance sheet is stronger?
| LVS | MAR | |
|---|---|---|
| Debt / equity | 23.57x | - |
| Interest coverage | 3.9x | 5.0x |
| Cash and short-term investments | $3.4B | $462M |
Where they differ most
the checks behind the gapValue: Las Vegas Sands 2 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%) 2.9% vs 4.0%
- Cheap on enterprise value 19.45 vs 14.00 (peer median)
- Price isn't outrunning growth PEG 3.65
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%
- Outgrew its sector last year 4.7% vs 6.7% (sector 70th pct, n=26)
- Sustained growth beats its sector (3 years) 8.0% vs 21.9% (sector 70th pct, n=25)
- Profit growth beats its peers 9.5% vs 13.0% (market 70th pct)