Actually, the Martian volcano's name is
"Olympus Mons"
Recent GPS-derived measurements of Everest place its summit at 29,078 feet above mean sea level, while identical methodology establishes K2's summit to be 28,238 feet above mean sea level, within a precision of +/- 9 feet. K2 however is considered by the knowledgeable to be far more difficult and dangerous to climb. Comparative mortality figures for ascent attempts of the two bear this out.
In point of fact, Hawaii's Mauna Loa, rising 33,264 feet above its sea-floor base, is the tallest mountain on the planet. Olympus Mons, with a diameter roughly equal to Arizona (approximately 375 miles) and an altitude of 84,480 feet dwarfs any Terran rampart.