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Marriott International vs Las Vegas Sands: MAR and LVS compared
Marriott International is the larger company: $7.0B of revenue in its latest quarter (Q3 2026) against $3.2B for Las Vegas Sands (Q3 2026). Marriott International is growing faster (+8% against -4% a year earlier). Las Vegas Sands is more profitable, with an operating margin of 19.2% against 18.2%.
Where the money goes: MAR and LVS
Marriott International (MAR) · Q3 2026
Marriott International, Q3 2026: revenue $7.0B (+8% year over year), operating margin 18.2%, net earnings $794M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Las Vegas Sands (LVS) · Q3 2026
Las Vegas Sands, Q3 2026: revenue $3.2B (-4% year over year), operating margin 19.2%, net earnings $304M, operating cash flow $870M. The chart follows the revenue to costs, profit and cash.
| Marriott International (MAR) | Las Vegas Sands (LVS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.0B | $3.2B |
| Revenue growth, Y/Y | +8% | -4% |
| Operating margin | 18.2% | 19.2% |
| Net earnings | $794M | $304M |
| Net margin | 11.3% | 9.5% |
| Operating cash flow | $1.4B | $870M |
| Free cash flow | $1.3B | $589M |
| Market value | $109.0B | $26.3B |
| P/E | 41.6× | 16.8× |
| Analysts’ mean target | $415.81 | $49.57 |
Where the revenue comes from
Marriott International
- Reimbursements: $5.1B (73%)
- Net fee revenues: $1.5B (21%)
- Owned, leased, and other: $436M (6%)
Las Vegas Sands
- Casino: $2.4B (74%)
- Rooms: $376M (12%)
- Mall: $202M (6%)
- Food and Beverage: $176M (5%)
Questions
Which is bigger, Marriott International or Las Vegas Sands?
Marriott International is the larger company: $7.0B of revenue in its latest quarter (Q3 2026) against $3.2B for Las Vegas Sands (Q3 2026).
Is Marriott International or Las Vegas Sands growing faster?
Marriott International is growing faster (+8% against -4% a year earlier).
Which is more profitable, Marriott International or Las Vegas Sands?
Las Vegas Sands is more profitable, with an operating margin of 19.2% against 18.2%.
More: Marriott International earnings · how Marriott International makes money · Las Vegas Sands earnings · how Las Vegas Sands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.