Las Vegas Sands vs Wynn Resorts
Las Vegas Sands is the larger business, with $13.02bn of revenue in fiscal 2025 against $7.14bn for Wynn Resorts (1.8 times as much). Las Vegas Sands grew faster (15.2% against 0.1%). Las Vegas Sands kept more of each dollar of sales as profit: a net margin of 12.5% against 4.6%.
| Latest fiscal year | Las Vegas SandsLVS, 2025 | Wynn ResortsWYNN, 2025 |
|---|---|---|
| Revenue | $13.02bn | $7.14bn |
| Revenue growth | 15.2% | 0.1% |
| Net income | $1.63bn | $327m |
| Operating margin | 21.6% | 15.7% |
| Net margin | 12.5% | 4.6% |
| Return on equity | 72.7% | — |
| Free cash flow | $1.85bn | $692m |
| Cash | $3.84bn | $1.46bn |
| Total debt | $15.78bn | $10.63bn |
| Debt to equity | 992.7% | — |
| Dividend per share | $1.00 | — |
| Dividend yield | 3.7% | 2.3% |
| Share buybacks | $2.22bn | $380m |
| Employees | 41,500 | 28,500 |
| Market value | $23.96bn | $8.02bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 66 (Moderate) | 39 (Weak) |
| Insider trades, 12 months | 0 buys, 24 sales | 0 buys, 0 sales |