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Hilton Worldwide vs Las Vegas Sands: revenue, profit, margins and growth compared

Hilton Worldwide brought in $12B of revenue in fiscal 2025, Las Vegas Sands $13B in fiscal 2025. Revenue changed by +7.7% at Hilton Worldwide and +15.2% at Las Vegas Sands on the year before, so Las Vegas Sands grew faster. Hilton Worldwide kept 12.1% of its revenue as net profit, Las Vegas Sands 12.5%. Free cash flow was $2B at Hilton Worldwide and $1.9B at Las Vegas Sands.

Side by side, latest fiscal year

HLTLVS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$12B$13B
Revenue growth+7.7%+15.2%
Net income$1.5B$1.6B
Net margin12.1%12.5%
Free cash flow$2B$1.9B
Free cash flow margin16.8%14.3%
Earnings per share (diluted)$6.12$2.35
Cash$918M$3.8B
Debt$12.4B$15.8B
Price to earnings51.316.6
Market value$70.7B$25.3B
Dividend yield0.19%2.56%
Rank by revenue in sector#106 of 778 · Consumer discretionary#100 of 778 · Consumer discretionary

Over the years

Revenue
HLT FY2018: $8.9BHLT FY2019: $9.5BHLT FY2020: $4.3BHLT FY2021: $5.8BHLT FY2022: $8.8BHLT FY2023: $10.2BHLT FY2024: $11.2BHLT FY2025: $12BLVS FY2018: $13.7BLVS FY2019: $12.1BLVS FY2020: $2.9BLVS FY2021: $4.2BLVS FY2022: $4.1BLVS FY2023: $10.4BLVS FY2024: $11.3BLVS FY2025: $13BFY18FY19FY20FY21FY22FY23FY24FY25
HLT $12BLVS $13B
Net income
HLT FY2018: $764MHLT FY2019: $881MHLT FY2020: -$715MHLT FY2021: $410MHLT FY2022: $1.3BHLT FY2023: $1.1BHLT FY2024: $1.5BHLT FY2025: $1.5BLVS FY2018: $2.4BLVS FY2019: $2.7BLVS FY2020: -$1.7BLVS FY2021: -$961MLVS FY2022: $1.8BLVS FY2023: $1.2BLVS FY2024: $1.4BLVS FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
HLT $1.5BLVS $1.6B
Net margin
HLT FY2018: 8.6%HLT FY2019: 9.3%HLT FY2020: -16.6%HLT FY2021: 7.1%HLT FY2022: 14.3%HLT FY2023: 11.1%HLT FY2024: 13.7%HLT FY2025: 12.1%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
HLT 12.1%LVS 12.5%
Revenue growth
HLT FY2019: +6.1%HLT FY2020: -54.4%HLT FY2021: +34.4%HLT FY2022: +51.6%HLT FY2023: +16.7%HLT FY2024: +9.2%HLT FY2025: +7.7%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
HLT +7.7%LVS +15.2%
Free cash flow
HLT FY2018: $1.2BHLT FY2019: $1.3BHLT FY2020: $662MHLT FY2021: $74MHLT FY2022: $1.6BHLT FY2023: $1.8BHLT FY2024: $1.9BHLT FY2025: $2BLVS FY2018: $3.8BLVS FY2019: $2BLVS FY2020: -$2.5BLVS FY2021: -$1.1BLVS FY2022: -$1.6BLVS FY2023: $2.2BLVS FY2024: $1.6BLVS FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
HLT $2BLVS $1.9B

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

Questions about Hilton Worldwide and Las Vegas Sands

Which is bigger by revenue, Hilton Worldwide or Las Vegas Sands?

Las Vegas Sands is bigger by revenue: $13B in fiscal 2025, against $12B for Hilton Worldwide in fiscal 2025.

Which keeps more of its revenue as profit, Hilton Worldwide or Las Vegas Sands?

Hilton Worldwide had a net margin of 12.1% in fiscal 2025; Las Vegas Sands had 12.5% in fiscal 2025.

Which grew revenue faster, Hilton Worldwide or Las Vegas Sands?

In their latest fiscal years revenue changed by +7.7% at Hilton Worldwide 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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