Introduction: Hepatocellular carcinoma (HCC) is the fourth leading cause of cancer deaths worldwide and typically has a poor prognosis. Liver transplantation (LT) and liver resection (LR) are the mainstay treatments for HCC. We compared the clinicopathologic features and long-term prognosis between patients receiving LT and LR for HCC. Methods: All patients who underwent LT or LR from 2010 to 2020 for HCC at Hume-Lee transplant center were included. A total of 321 patients (137 LR, 184 LT) were enrolled. Overall survival (OS) and disease-free survival (DFS) were investigated and compared between LT and LR according to the Milan criteria. Univariate and multivariable analyses including clinicopathologic factors were performed for both groups. Results: There were significant differences in clinicopathologic factors between LT and LR groups: male sex (83.2%, 69.3%; p = 0.004), race (Caucasian 73.4%, 43.8%; p<0.001), MELD (mean 17.1, 8.74; p<0.001), cirrhosis (92.8%, 71.8%; p <0.001), microvascular invasion (24.4%, 54.8%; p <0.001), within Milan criteria (75.0%, 41.6%;p <0.001). The overall survival rates at 1, 5, and 7 years for LT and LR groups were 94.0%, 77.5%, 71.1% vs 79.3%, 48.3%, 38.5%, respectively (p <0.001). The disease-free survival rates at 1, 5, 7 years were 98.2%, 84.6%, 84.6% vs. 71.9%, 42.5%, 24.8%, respectively (p <0.001). Patients within Milan criteria showed no significant difference in the overall survival rate at 1, 5, and 7 years between LT and LR (93.3%, 80.4%, 76.3% vs. 92.7%, 69.3%, 52.0%; p=0.17). However, for patients beyond the Milan criteria, LT group showed significantly better overall survival rate compared to LR group (p=0.002). Regarding disease-free survival rates, LT groups showed significantly better survival compared to LR both within and beyond Milan criteria (p <0.001). In multivariable analysis, Milan criteria was the only significant prognostic factors for disease-free survival in both groups (HR 31.29, 95% CI 1.19-818.06 in LT, p=0.039; HR 4.516, 95% CI 1.27-16.04 in LR, p=0.020). Conclusions: Liver transplantation is associated with better long-term clinical outcomes than liver resection for the treatment of HCC.