LAWIL vs LVS vs MAR Stock Comparison

Light & Wonder, Las Vegas Sands and Marriott International Prices as of Aug 19, 2026 Peers: Industry group
LAWIL Light & Wonder, Inc.
$92.45 +10.1% 1M
Market cap
$7.12B
P/E
26.4x
Revenue (TTM)
$3.35B
Div. yield
–
Casinos Consumer Discretionary
1 win
LVS Las Vegas Sands Corp
$36.23 -6.6% 1M -37.7% 1Y
Market cap
$23.67B
P/E
14.7x
Revenue (TTM)
$13.60B
Div. yield
–
Casinos Consumer Discretionary
5 wins

Head to Head

11 decided of 12

Marriott International leads on 5 of the 12 questions below (Marriott International 5, Las Vegas Sands 5, Light & Wonder 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAWILLVSMARLeader
Larger companyMarket capitalisation $7.12B $23.67B $105.50B MAR
Cheaper on earningsLower P/E, profitable companies only 26.4x 14.7x 40.8x LVS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 13.9x 34.4x LAWIL
Faster revenue growthRevenue growth, trailing twelve months +4.8% +10.9% +4.7% LVS
More profitableNet margin, trailing twelve months 8.1% 11.8% 9.6% LVS
Better return on capitalReturn on invested capital 9.5% 14.9% 25.5% MAR
Less leveragedLower net debt / EBITDA 4.5x 2.9x 3.3x LVS
Higher dividend yieldTrailing dividend yield — 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months — -37.7% +48.6% MAR
Better 5-year returnAnnualised price return, 5 years — -1.4%/yr +19.8%/yr MAR
Less volatileAnnualised volatility, 1 year — 31.4% 27.2% MAR
Higher overall scoreMean of the five percentile scores vs peers 63/100 81/100 50/100 LVS

Percentile Scorecard

LAWILLVSMAR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisLAWILLVSMAR
Valuation 49 #23 of 44 86 #7 of 44 22 #22 of 28
Growth 64 #16 of 43 81 #9 of 43 58 #11 of 25
Profitability 88 #6 of 42 95 #3 of 42 63 #10 of 25
Financial Health 35 #31 of 47 59 #20 of 47 45 #17 of 30
Shareholder Returns 78 #7 of 28 85 #5 of 28 61 #8 of 19
Overall 63 81 50
  • LAWIL ranked among 48 companies in Gaming and Leisure
  • LVS ranked among 48 companies in Gaming and Leisure
  • MAR ranked among 31 companies in Travel and Lodging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodLAWILLVSMARSPY
1 month +10.1%-6.6%+10.0% +0.9%
3 months +12.7%-25.4%+3.5% +5.9%
6 months -9.4%-32.6%+11.4% +8.5%
Year to date —-44.3%+27.1% +13.3%
1 year —-37.7%+48.6% +12.4%
3 years —-23.0%+112.9% +88.1%
3 years, per year —-8.3%+28.7% +23.5%
5 years —-6.6%+146.5% +68.2%
5 years, per year —-1.4%+19.8% +11.0%
10 years —-37.3%+484.8% +263.4%
10 years, per year —-4.6%+19.3% +13.8%

Risk

MeasureLAWILLVSMARSPY
Volatility, 1Y —31.4%27.2% 12.7%
Downside volatility, 1Y —35.5%24.8% 12.7%
Beta vs S&P 500, 1Y —0.570.64 1.00
Return / volatility, 1Y —-1.201.79 0.98
Max drawdown, 5Y -19.6%-52.7%-30.7% -25.4%
From 52-week high -9.4%-47.9%-2.4% -0.9%
52-week high $102.00$69.49$404.00 $779.14
52-week low $82.00$35.67$260.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleLAWILLVSMAR
P/E now vs peer median 26.4xmedian 16.8x 14.4xmedian 16.8x 40.2xmedian 18.2x
P/S now vs peer median 2.1xmedian 1.9x 1.7xmedian 1.9x 3.8xmedian 1.5x
EV/EBITDA now vs peer median 10.9xmedian 10.2x 8.0xmedian 10.2x 24.1xmedian 14.1x
P/FCF now vs peer median 12.8xmedian 11.2x 9.4xmedian 11.2x 32.8xmedian 16.4x
P/B now vs peer median 23.6xmedian 2.2x -66.0xmedian 2.2x -22.7xmedian 2.5x
PEG now vs peer median -4.35median 0.44 0.34median 0.44 17.46median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsLAWILLVSMAR
Revenue $3.35B $13.60B $26.90B
Gross profit $2.49B $6.46B $5.33B
Operating income $665.00M $2.85B $4.25B
Net income $271.00M $1.81B $2.59B
Free cash flow $555.00M $2.41B $3.13B
R&D $250.00M $180.00M –
EPS (diluted) $3.45 $2.52 $9.78
Cash & equivalents $148.00M $2.86B $462.00M
Total debt $20.38B $15.44B $16.92B
Shares (diluted) 78.50M 640.00M 264.50M
Enterprise value $6.43B $10.27B $103.55B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricLAWILLVSMAR
P/E 26.4x 14.4x 40.2x
P/FCF 12.8x 9.4x 32.8x
P/Operating cash flow 8.1x 6.5x 27.6x
P/S 2.1x 1.7x 3.8x
P/B 23.6x -66.0x -22.7x
P/Tangible book -16.8x -66.0x -6.9x
EV/EBITDA 10.9x 8.0x 24.1x
EV/EBIT 18.2x 12.4x 28.1x
EV/Revenue 3.6x 2.6x 4.4x
EV/FCF 21.8x 14.7x 38.1x
EV/Operating cash flow 13.7x 10.1x 32.0x
PEG (3Y EPS CAGR) -4.35 0.34 17.46

Growth

14 metrics
MetricLAWILLVSMAR
Revenue growth (1Y) 4.8% 10.9% 4.7%
Revenue CAGR (3Y) 7.0% 16.6% 5.5%
Gross profit growth (1Y) 8.7% 5.5% 6.6%
Gross profit CAGR (3Y) 9.2% 16.0% 1.3%
Operating income growth (1Y) -4.9% 5.4% 9.5%
Operating income CAGR (3Y) 18.3% 25.6% 2.0%
Net income growth (1Y) -22.3% 0.2% 4.9%
Net income CAGR (3Y) -12.6% 39.4% -2.4%
EPS growth (1Y) -14.9% 10.9% 8.9%
EPS CAGR (3Y) -6.1% 42.3% 2.3%
Operating cash flow growth (1Y) 44.5% 27.5% 49.8%
Operating cash flow CAGR (3Y) 75.0% 18.1% 9.3%
Free cash flow growth (1Y) 67.7% 86.1% 86.2%
Free cash flow CAGR (3Y) 46.3% 23.5% 8.6%

Profitability

14 metrics
MetricLAWILLVSMAR
Gross margin 74.4% 47.5% 19.8%
EBITDA margin 33.0% 32.4% 18.4%
Operating margin 19.9% 20.9% 15.8%
Pretax margin 10.4% 16.3% 12.9%
Net margin 8.1% 11.8% 9.6%
FCF margin 16.6% 17.7% 11.6%
Operating cash flow margin 26.4% 25.6% 13.9%
Return on equity 88.4% 656.1% –
Return on assets 4.3% 9.2% 9.2%
Return on invested capital 9.5% 14.9% 25.5%
Return on capital employed 11.8% 18.9% 21.2%
Asset turnover 0.5x 0.7x 1.0x
Cash conversion (OCF / net income) 3.3x 1.9x 1.4x
Stock comp / revenue 3.8% 0.5% 0.9%

Financial Health

11 metrics
MetricLAWILLVSMAR
Debt / assets 80.6% 79.5% 60.2%
Debt / equity 17.0x -44.9x -3.7x
Net debt / EBITDA 4.5x 2.9x 3.3x
Debt / FCF 9.2x 6.4x 5.4x
Liabilities / assets 95.3% 101.8% 116.1%
Equity / assets 4.7% -1.8% -16.1%
Interest coverage – 3.8x 5.0x
Current ratio 1.7x 0.8x 0.5x
Quick ratio 1.1x 0.8x 0.5x
Cash ratio 0.2x 0.6x 0.1x
Altman Z-score 1.75 2.19 4.16

Shareholder Returns

7 metrics
MetricLAWILLVSMAR
Dividend yield – 3.2% 0.7%
Net buyback yield 10.9% 12.0% 3.4%
Shareholder yield 10.9% 15.2% 4.1%
Payout ratio (earnings) – – 28.3%
Payout ratio (FCF) – – 23.3%
Dividend growth (1Y) – – 3.1%
Dividend CAGR (3Y) – – 13.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusLAWILLVSMAR
Forward P/E 12.5xFY2026 13.9xFY2026 34.4xFY2026
EPS, next fiscal year $7.40FY2026 $2.60FY2026 $11.47FY2026
EPS growth, next FY +10.6%FY2026 -13.6%FY2026 +14.5%FY2026
EPS growth, the year after +29.3% +10.4% +22.1%
Revenue, next fiscal year $3.61BFY2026 $14.18BFY2026 $26.29BFY2026
Revenue growth, next FY +8.9%FY2026 +8.9%FY2026 +0.4%FY2026
Revenue growth, the year after -5.0% +3.0% +4.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWILLVSMAR
Held by institutions – 41.0% 61.3%
Institutions holding – 710 1,751
Change in shares held, QoQ – +0.1% +3.1%
Institutions buying – 331 860
Institutions selling – 290 550
Buyers to sellers – 1.14 1.56

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

LAWILLVSMAR
LAWIL – – –
LVS – 1.00 0.25
MAR – 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, LAWIL, LVS and MAR?

Marriott International (MAR) is the largest by market capitalisation: Light & Wonder (LAWIL) $7.12B, Las Vegas Sands (LVS) $23.67B, Marriott International (MAR) $105.50B.

Which stock is cheaper, LAWIL, LVS and MAR?

Las Vegas Sands (LVS) trades on the lowest price-to-earnings ratio (Light & Wonder (LAWIL) 26.4x, Las Vegas Sands (LVS) 14.7x, Marriott International (MAR) 40.8x). On next year's consensus earnings, Light & Wonder (LAWIL) is cheapest (Light & Wonder (LAWIL) 12.5x, Las Vegas Sands (LVS) 13.9x, Marriott International (MAR) 34.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Las Vegas Sands (LVS) grew revenue fastest over the trailing twelve months: Light & Wonder (LAWIL) +4.8%, Las Vegas Sands (LVS) +10.9%, Marriott International (MAR) +4.7%.

Which company is more profitable?

Las Vegas Sands (LVS) has the highest net margin (Light & Wonder (LAWIL) 8.1%, Las Vegas Sands (LVS) 11.8%, Marriott International (MAR) 9.6%). On return on invested capital, Marriott International (MAR) leads (Light & Wonder (LAWIL) 9.5%, Las Vegas Sands (LVS) 14.9%, Marriott International (MAR) 25.5%).

Which stock has performed better?

Over the past year Marriott International (MAR) returned the most: Las Vegas Sands (LVS) -37.7%, Marriott International (MAR) +48.6%. Over five years, Marriott International (MAR) compounded fastest (Las Vegas Sands (LVS) -1.4%/yr, Marriott International (MAR) +19.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Las Vegas Sands (LVS) 0.00%, Marriott International (MAR) 0.01%. Light & Wonder (LAWIL) and Las Vegas Sands (LVS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Marriott International (MAR) has been the steadiest (Las Vegas Sands (LVS) 31.4%, Marriott International (MAR) 27.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAWIL, LVS and MAR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Marriott International (MAR) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.