LAS VEGAS SANDS CORP vs MGM Resorts International, two Hotels & Resorts stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Las Vegas Sands and MGM Resorts both run big casinos with heavy Macau exposure, but the market treats them very differently. Sands earns a 13.41% net margin and trades at just 17.44 times earnings, while MGM manages only 1.03% and yet fetches 67.34 times. MGM does convert more to free cash, a 12.22% yield against Sands' 7.1%. Sands is more than twice the size at $31.6B versus $12.7B and pays a 2.12% dividend, above MGM's absent payout at this level. On earnings quality Sands looks the stronger of the two, while MGM leans on cash flow and a Vegas-plus-Macau recovery story.
Comparison updated 2026-07-11.
| Metric | LVS | MGM |
|---|---|---|
| Price | $46.69 | $46.87 |
| Market cap | $31.3B | $12.1B |
| Sector | Hotels & Resorts | Hotels & Resorts |
| Stage | Growth | Mature |
| Implied growth (priced in) | +0.1% | — |
| P/E | 17.3 | 64.2 |
| P/B | 19.48 | 3.66 |
| P/S | 2.28 | 0.68 |
| EV/EBITDA | 9.2 | 8.3 |
| Revenue growth | +22.6% | +3.4% |
| Operating margin | 25.2% | 6.8% |
| Net margin | 13.4% | 1.0% |
| Return on equity | 114.5% | 5.5% |
| Return on assets | 8.7% | 0.4% |
| Return on invested capital | 17.2% | 8.2% |
| FCF yield | 7.2% | 12.8% |
| Dividend yield | 2.1% | 0.0% |
| Debt / equity | 8.64 | 1.93 |
| Current ratio | 0.92 | 1.33 |
| Altman Z (solvency) | 2.04 | 0.75 |
| Piotroski F (quality) | 8 / 9 | 4 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.