Caesars Entertainment vs Las Vegas Sands
Caesars Entertainment and Las Vegas Sands are similar in size: $11.49bn and $13.02bn of revenue in their latest fiscal years. Las Vegas Sands grew faster (15.2% against 2.1%). Las Vegas Sands kept more of each dollar of sales as profit: a net margin of 12.5% against -4.4%. Caesars Entertainment carries less debt relative to equity (339.8% against 992.7%).
| Latest fiscal year | Caesars EntertainmentCZR, 2025 | Las Vegas SandsLVS, 2025 |
|---|---|---|
| Revenue | $11.49bn | $13.02bn |
| Revenue growth | 2.1% | 15.2% |
| Net income | −$502m | $1.63bn |
| Operating margin | 16.2% | 21.6% |
| Net margin | -4.4% | 12.5% |
| Return on equity | -13.1% | 72.7% |
| Free cash flow | $497m | $1.85bn |
| Cash | $887m | $3.84bn |
| Total debt | $11.90bn | $15.78bn |
| Debt to equity | 339.8% | 992.7% |
| Dividend per share | — | $1.00 |
| Dividend yield | — | 3.7% |
| Share buybacks | $229m | $2.22bn |
| Employees | 50,000 | 41,500 |
| Market value | $5.94bn | $23.96bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 28 (Weak) | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 16 sales | 0 buys, 24 sales |