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Hyatt Hotels vs Las Vegas Sands: revenue, profit, margins and growth compared

Hyatt Hotels brought in $7.1B of revenue in fiscal 2025, Las Vegas Sands $13B in fiscal 2025. Revenue changed by +6.8% at Hyatt Hotels and +15.2% at Las Vegas Sands on the year before, so Las Vegas Sands grew faster. Hyatt Hotels kept -0.7% of its revenue as net profit, Las Vegas Sands 12.5%. Free cash flow was $159M at Hyatt Hotels and $1.9B at Las Vegas Sands.

Side by side, latest fiscal year

HLVS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.1B$13B
Revenue growth+6.8%+15.2%
Net income-$52M$1.6B
Net margin-0.7%12.5%
Free cash flow$159M$1.9B
Free cash flow margin2.2%14.3%
Earnings per share (diluted)-$0.55$2.35
Cash$787M$3.8B
Debt$4.3B$15.8B
Price to earningsn/a16.6
Market value$14.9B$25.3B
Dividend yield0.09%2.56%
Rank by revenue in sector#155 of 778 · Consumer discretionary#100 of 778 · Consumer discretionary

Over the years

Revenue
H FY2018: $4.5BH FY2019: $5BH FY2020: $2.1BH FY2021: $3BH FY2022: $5.9BH FY2023: $6.7BH FY2024: $6.6BH FY2025: $7.1BLVS FY2018: $13.7BLVS FY2019: $12.1BLVS FY2020: $2.9BLVS FY2021: $4.2BLVS FY2022: $4.1BLVS FY2023: $10.4BLVS FY2024: $11.3BLVS FY2025: $13BFY18FY19FY20FY21FY22FY23FY24FY25
H $7.1BLVS $13B
Net income
H FY2018: $769MH FY2019: $766MH FY2020: -$703MH FY2021: -$222MH FY2022: $455MH FY2023: $220MH FY2024: $1.3BH FY2025: -$52MLVS FY2018: $2.4BLVS FY2019: $2.7BLVS FY2020: -$1.7BLVS FY2021: -$961MLVS FY2022: $1.8BLVS FY2023: $1.2BLVS FY2024: $1.4BLVS FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
H -$52MLVS $1.6B
Net margin
H FY2018: 17.3%H FY2019: 15.3%H FY2020: -34.0%H FY2021: -7.3%H FY2022: 7.7%H FY2023: 3.3%H FY2024: 19.5%H FY2025: -0.7%LVS FY2018: 17.6%LVS FY2019: 22.2%LVS FY2020: -57.3%LVS FY2021: -22.7%LVS FY2022: 44.6%LVS FY2023: 11.8%LVS FY2024: 12.8%LVS FY2025: 12.5%FY18FY19FY20FY21FY22FY23FY24FY25
H -0.7%LVS 12.5%
Revenue growth
H FY2019: +12.7%H FY2020: -58.8%H FY2021: +46.6%H FY2022: +94.6%H FY2023: +13.2%H FY2024: -0.3%H FY2025: +6.8%LVS FY2019: -11.7%LVS FY2020: -75.8%LVS FY2021: +44.0%LVS FY2022: -2.9%LVS FY2023: +152.4%LVS FY2024: +8.9%LVS FY2025: +15.2%FY19FY20FY21FY22FY23FY24FY25
H +6.8%LVS +15.2%
Free cash flow
H FY2018: $44MH FY2019: $27MH FY2020: -$733MH FY2021: $204MH FY2022: $473MH FY2023: $602MH FY2024: $463MH FY2025: $159MLVS FY2018: $3.8BLVS FY2019: $2BLVS FY2020: -$2.5BLVS FY2021: -$1.1BLVS FY2022: -$1.6BLVS FY2023: $2.2BLVS FY2024: $1.6BLVS FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
H $159MLVS $1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Hyatt Hotels and Las Vegas Sands

Which is bigger by revenue, Hyatt Hotels or Las Vegas Sands?

Las Vegas Sands is bigger by revenue: $13B in fiscal 2025, against $7.1B for Hyatt Hotels in fiscal 2025.

Which keeps more of its revenue as profit, Hyatt Hotels or Las Vegas Sands?

Hyatt Hotels had a net margin of -0.7% in fiscal 2025; Las Vegas Sands had 12.5% in fiscal 2025.

Which grew revenue faster, Hyatt Hotels or Las Vegas Sands?

In their latest fiscal years revenue changed by +6.8% at Hyatt Hotels and +15.2% at Las Vegas Sands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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