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Las Vegas Sands vs Wynn Resorts: revenue, profit, margins and growth compared

Las Vegas Sands brought in $13B of revenue in fiscal 2025, Wynn Resorts $7.1B in fiscal 2025. Revenue changed by +15.2% at Las Vegas Sands and +0.1% at Wynn Resorts on the year before, so Las Vegas Sands grew faster. Las Vegas Sands kept 12.5% of its revenue as net profit, Wynn Resorts 4.6%. Free cash flow was $1.9B at Las Vegas Sands and $692.2M at Wynn Resorts.

Side by side, latest fiscal year

LVSWYNN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$13B$7.1B
Revenue growth+15.2%+0.1%
Net income$1.6B$327.3M
Net margin12.5%4.6%
Free cash flow$1.9B$692.2M
Free cash flow margin14.3%9.7%
Earnings per share (diluted)$2.35$3.14
Cash$3.8B$1.5B
Debt$15.8B$10.5B
Price to earnings16.625.8
Market value$25.3B$8.4B
Dividend yield2.56%n/a
Rank by revenue in sector#100 of 778 · Consumer discretionary#153 of 778 · Consumer discretionary

Over the years

Revenue
LVS FY2018: $13.7BLVS FY2019: $12.1BLVS FY2020: $2.9BLVS FY2021: $4.2BLVS FY2022: $4.1BLVS FY2023: $10.4BLVS FY2024: $11.3BLVS FY2025: $13BWYNN FY2018: $6.7BWYNN FY2019: $6.6BWYNN FY2020: $2.1BWYNN FY2021: $3.8BWYNN FY2022: $3.8BWYNN FY2023: $6.5BWYNN FY2024: $7.1BWYNN FY2025: $7.1BFY18FY19FY20FY21FY22FY23FY24FY25
LVS $13BWYNN $7.1B
Net income
LVS FY2018: $2.4BLVS FY2019: $2.7BLVS FY2020: -$1.7BLVS FY2021: -$961MLVS FY2022: $1.8BLVS FY2023: $1.2BLVS FY2024: $1.4BLVS FY2025: $1.6BWYNN FY2018: $572.4MWYNN FY2019: $123MWYNN FY2020: -$2.1BWYNN FY2021: -$755.8MWYNN FY2022: -$423.9MWYNN FY2023: $730MWYNN FY2024: $501.1MWYNN FY2025: $327.3MFY18FY19FY20FY21FY22FY23FY24FY25
LVS $1.6BWYNN $327.3M
Net margin
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%WYNN FY2018: 8.5%WYNN FY2019: 1.9%WYNN FY2020: -98.6%WYNN FY2021: -20.1%WYNN FY2022: -11.3%WYNN FY2023: 11.2%WYNN FY2024: 7.0%WYNN FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25
LVS 12.5%WYNN 4.6%
Revenue growth
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%WYNN FY2019: -1.6%WYNN FY2020: -68.3%WYNN FY2021: +79.6%WYNN FY2022: -0.2%WYNN FY2023: +73.9%WYNN FY2024: +9.1%WYNN FY2025: +0.1%FY19FY20FY21FY22FY23FY24FY25
LVS +15.2%WYNN +0.1%
Free cash flow
LVS FY2018: $3.8BLVS FY2019: $2BLVS FY2020: -$2.5BLVS FY2021: -$1.1BLVS FY2022: -$1.6BLVS FY2023: $2.2BLVS FY2024: $1.6BLVS FY2025: $1.9BWYNN FY2018: -$514.5MWYNN FY2019: -$162.2MWYNN FY2020: -$1.4BWYNN FY2021: -$513.2MWYNN FY2022: -$371.4MWYNN FY2023: $805.1MWYNN FY2024: $1BWYNN FY2025: $692.2MFY18FY19FY20FY21FY22FY23FY24FY25
LVS $1.9BWYNN $692.2M

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

Questions about Las Vegas Sands and Wynn Resorts

Which is bigger by revenue, Las Vegas Sands or Wynn Resorts?

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

Which keeps more of its revenue as profit, Las Vegas Sands or Wynn Resorts?

Las Vegas Sands had a net margin of 12.5% in fiscal 2025; Wynn Resorts had 4.6% in fiscal 2025.

Which grew revenue faster, Las Vegas Sands or Wynn Resorts?

In their latest fiscal years revenue changed by +15.2% at Las Vegas Sands and +0.1% at Wynn Resorts.

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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