Lot's of variables including the quality of source components (obviously), but my take on this is, that vinyl is natively analog. No DAC. No square waves converted to sinusoidal. So it sounds better, especially loud.
Case in point - I recently listened to a $350K Nagra system with Wilson speakers. That price included a Nagra TT but we were listening to the DAC.
It sounded super detailed, crystal clear, and effortlessly powerful. But after a few minutes I thought this is cool but no way I'd listen to it for a long session at home. Never mind loud.
Just my 2 cents.