{ "ok": true, "cik": "1300514", "ticker": "LVS", "name": "LAS VEGAS SANDS CORP.", "filings": [ { "form": "10-Q", "filed": "2026-07-24", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000085/0001300514-26-000085-index.htm" }, { "form": "8-K", "filed": "2026-07-22", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000078/0001300514-26-000078-index.htm" }, { "form": "8-K", "filed": "2026-05-18", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000073/0001300514-26-000073-index.htm" }, { "form": "8-K", "filed": "2026-05-13", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000070/0001300514-26-000070-index.htm" }, { "form": "8-K", "filed": "2026-05-05", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000062/0001300514-26-000062-index.htm" }, { "form": "10-Q", "filed": "2026-04-24", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000046/0001300514-26-000046-index.htm" } ], "events12m": 10, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000021/0001300514-26-000021-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001300514.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1300514" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up LAS VEGAS SANDS CORP. ($LVS). Last filing: 10-Q, 2026-07-24. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 13017000000, "revenueGrowth1y": 0.15215082315454054, "revenueGrowthPerYear": 0.3241586222889401, "yearsOfData": 5, "operatingMargin": 0.21648613351770762, "operatingMarginPrior": 0.21260400070808994, "netMargin": 0.14335100253514635, "operatingCashFlow": 3023000000, "capitalSpending": 1168000000, "freeCashFlow": 1855000000, "researchAndDevelopment": 269000000, "researchShareOfRevenue": 0.020665283859568256, "cash": 3841000000, "longTermDebt": 15784000000, "longTermDebtChange": 0.1477603257707969, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 4234000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 4110000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 10372000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 11298000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 13017000000 } ], "totalEquity": 1590000000, "totalAssets": 21920000000, "equityRatio": 0.07253649635036497, "returnOnEquity": 1.1735849056603773, "dividendsPaid": 833000000, "payoutRatio": 0.44640943193997856, "dividendPerShare": 1, "dividendYearsRising": 2, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 2.35, "sharesOutstanding": 693000000, "bookValuePerShare": 2.294372294372294, "revenuePerShare": 18.783549783549784, "range80": { "low": 10626457348.585358, "high": 24813191464.24913, "baseline": 17056852362.96817, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.43581660225677576, "classVolatility": 0.06659579566308972, "volatility": 0.31174597896576045 }, "ifPaceHeld": { "low": 10626457348.585358, "high": 24813191464.24913 } }, "edgarette": "🔖 Exposure: revenue $13.0B (FY2025), total debt $15.8B. Experience: revenue up 15.2% on the year, up 32.4% a year over 4 years; operating margin 21.6%, up from 21.3%. Soundness: equity 7.3% of assets, return on equity 117.4%, payout 44.6% of profit, dividend per share up 2 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.6B and $24.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $7.3B to $34.9B. A statistical range, not company guidance. Against peers (19 filers, $50M+ revenue, hotels & motels): operating margin 21.6% against a 15.8% median; growth 15.2% against 3.8%.", "peers": { "sic": 7011, "sicDescription": "Hotels & Motels", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7011", "growth": [ 0.0377, 22 ], "opMargin": [ 0.1581, 19 ], "equityRatio": [ 0.0997, 22 ], "returnOnEquity": [ 0.1472, 16 ], "payoutRatio": [ 0.276, 13 ] }, "summary": "Las Vegas Sands (LVS) grew revenue 15.2% in FY2025 to $13.0 billion, operating margin 21.6% against a 15.8% median for hotels & motels, equity 7.3% of assets, and dividend per share up 2 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
LAS VEGAS SANDS CORP. against its own record and its peers
Operating marginPeer median 15.8%21.6%Revenue, on the yearPeer median 3.8%15.2%Equity of assetsPeer median 10.0%7.3%Return on equityPeer median 14.7%117.4%Payout of profitPeer median 27.6%44.6%Gold tick: the median of 13–22 peers with $50M+ revenue in hotels & motels
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit44.6% paid out55.4% keptHanded back per share$1up 2 years runningGrowth its own profit can fund65.0%retained x return on equityRevenue growth it managed15.2%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:56.648Z", "hash": "93ddf6fc71867457", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Las Vegas Sands (LVS) grew revenue 15.2% in FY2025 to $13.0 billion, operating margin 21.6% against a 15.8% median for hotels & motels, equity 7.3% of assets, and dividend per share up 2 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 13017000000, "totalDebt": 15784000000, "cash": 3841000000 }, "experience": { "revenueGrowth1y": 0.15215082315454054, "revenueGrowthPerYear": 0.3241586222889401, "operatingMargin": 0.21648613351770762, "operatingMarginPrior": 0.21260400070808994, "netMargin": 0.14335100253514635, "freeCashFlow": 1855000000 }, "soundness": { "equityRatio": 0.07253649635036497, "returnOnEquity": 1.1735849056603773, "payoutRatio": 0.44640943193997856, "dividendPerShare": 1, "dividendYearsRising": 2, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7011, "sicDescription": "Hotels & Motels", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7011", "growth": [ 0.0377, 22 ], "opMargin": [ 0.1581, 19 ], "equityRatio": [ 0.0997, 22 ], "returnOnEquity": [ 0.1472, 16 ], "payoutRatio": [ 0.276, 13 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1300514/000130051426000021/0001300514-26-000021-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 10626457348.585358, "high": 24813191464.24913, "baseline": 17056852362.96817, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.43581660225677576, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.31174597896576045, "k": 3 }, "stress": { "low": 7321530118.385749, "high": 34854835711.279274, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 14, "hits": 9, "rate": 0.6428571428571429, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:56.648Z", "hash": "93ddf6fc71867457", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001300514.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1300514" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2322, "growth3y": 0.4686, "volatility": 0.4358, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.0725, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 23.2% of revenue into operating cash; revenue growing 46.9% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 74th percentile for cash, 98th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 74, "growthPctInClass": 98, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "range", "text": "revenue is hard to predict: its 80% range is ±40%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3023000000, "investing": -1217000000, "financing": -1643000000, "capitalSpending": 1168000000, "free": 1855000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2022-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2023-12-31", "operating": 3227000000, "free": 2210000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 3204000000, "free": 1637000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3023000000, "free": 1855000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 3841000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 21920000000, "ladder": null, "currentRatio": 1.14, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2322, "growth3y": 0.4686, "volatility": 0.4358, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.0725, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 23.2% of revenue into operating cash; revenue growing 46.9% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 74th percentile for cash, 98th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 74, "growthPctInClass": 98, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "range", "text": "revenue is hard to predict: its 80% range is ±40%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3023000000, "investing": -1217000000, "financing": -1643000000, "capitalSpending": 1168000000, "free": 1855000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2022-12-31", "operating": null, "free": null }, { "fiscalYearEnd": "2023-12-31", "operating": 3227000000, "free": 2210000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 3204000000, "free": 1637000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3023000000, "free": 1855000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 3841000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 21920000000, "ladder": null, "currentRatio": 1.14, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }