LAS VEGAS SANDS CORP
LVS · Hotels & Motels · 662.6M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $461M (gross $505M, SBC $44M)
Reference price $54.09 · est. market cap ~$35.8B — last insider sale, 2026-04-27 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85Dominant integrated-resort franchise with concession-protected moats in Macao and Singapore, top-decile growth and strong cash generation.
Strengths
- Top-decile revenue growth (100th pct) and net income growth (90.9th pct), with ROE 95th and FCF 92.9th pct
- Wide-moat gaming concessions/licenses in two high-barrier markets; Singapore EBITDA +42%
- Strong margins (operating 75th, OCF 79th pct) and $3.84B liquidity plus revolver capacity
Risks
- $15.78B debt with heavy maturity wall (interest coverage only 68.8th pct) and restrictive covenants
- Cash flow concentrated in two Asian markets; exposed to China/Macao policy and discretionary-spend cycles
- Macao adjusted EBITDA roughly flat amid competitive pressure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
21.6%
Net margin
12.5%
Return on equity
102.3%
Return on assets
7.4%
Revenue growth (QoQ)
-1.8%
Net-income growth
12.5%
Interest coverage
3.8×
Current ratio
1.1×
Free cash flow
$1.9B
EBITDA
$4.3B
Tangible book value
$1.0B
Cash & investments
$3.8B
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Adelson Miriam | Gift | 43.9M | — |
| 2026-06-16 | Adelson Miriam | Gift | 87.7M | — |
| 2026-06-16 | Adelson Miriam | Gift | 43.9M | — |
| 2026-06-16 | Adelson Miriam | Gift | 43.9M | — |
| 2026-06-16 | Adelson Miriam | Gift | 87.7M | — |
| 2026-06-16 | Adelson Miriam | Gift | 43.9M | — |
| 2026-05-14 | Chafetz Irwin | Grant | 3.9K | — |
| 2026-05-14 | Forman Charles D | Grant | 3.9K | — |
| 2026-05-14 | Li Alain | Grant | 3.9K | — |
| 2026-05-14 | Besca Mark | Grant | 3.9K | — |
| 2026-05-14 | Kramer Lewis | Grant | 3.9K | — |
| 2026-05-14 | Pant Muktesh | Grant | 3.9K | — |
| 2026-05-14 | Chau Micheline | Grant | 3.9K | — |
| 2026-04-27 | Forman Charles D | Sell | 11K | $54.09 |
| 2026-03-17 | Dumont Patrick | Option exercise | 62K | $52.53 |
| 2026-03-17 | Dumont Patrick | Sell | 60K | $54.75 |
| 2026-03-01 | Goldstein Robert G | Option exercise | 76K | — |
| 2026-03-01 | Goldstein Robert G | Option exercise | 132K | — |
| 2026-03-01 | Goldstein Robert G | Option exercise | 189K | — |
| 2026-02-06 | Goldstein Robert G | Gift | 65K | — |
| 2026-02-06 | Goldstein Robert G | Gift | 65K | — |
| 2026-02-05 | Goldstein Robert G | Gift | 131K | — |
| 2026-02-05 | Goldstein Robert G | Gift | 131K | — |
| 2026-02-03 | Hyzak Randy | Option exercise | 14K | — |
| 2026-02-03 | Goldstein Robert G | Option exercise | 65K | — |
| 2026-02-03 | Hudson D. Zachary | Option exercise | 17K | — |
| 2026-02-03 | Dumont Patrick | Option exercise | 33K | — |
| 2026-02-03 | Dumont Patrick | Tax withheld | 13K | $56.94 |
| 2026-01-30 | Hyzak Randy | Option exercise | 8.8K | — |
| 2026-01-30 | Goldstein Robert G | Option exercise | 57K | — |
| 2026-01-30 | Hudson D. Zachary | Option exercise | 8.1K | — |
| 2026-01-30 | Hudson D. Zachary | Tax withheld | 2.0K | $52.73 |
| 2026-01-30 | Dumont Patrick | Option exercise | 29K | — |
| 2026-01-30 | Dumont Patrick | Tax withheld | 12K | $52.73 |
| 2026-01-29 | Hyzak Randy | Option exercise | 11K | — |
| 2026-01-29 | Hudson D. Zachary | Option exercise | 10K | — |
| 2026-01-29 | Hudson D. Zachary | Tax withheld | 2.6K | $52.71 |
| 2026-01-29 | Dumont Patrick | Option exercise | 38K | — |
| 2026-01-29 | Dumont Patrick | Tax withheld | 12K | $52.71 |
| 2026-01-29 | Goldstein Robert G | Option exercise | 73K | — |
| 2025-12-17 | Goldstein Robert G | Option exercise | 1.2M | $50.33 |
| 2025-12-17 | Goldstein Robert G | Sell | 1.2M | $66.67 |
| 2025-12-17 | Goldstein Robert G | Sell | 11K | $67.44 |
| 2025-12-16 | Adelson Miriam | Sell | 78K | $67.56 |
| 2025-12-16 | Goldstein Robert G | Sell | 51K | $67.58 |
| 2025-12-16 | Adelson Miriam | Gift | 2.3M | — |
| 2025-12-16 | Goldstein Robert G | Option exercise | 51K | $50.33 |
| 2025-12-16 | Adelson Miriam | Option exercise | 78K | $40.87 |
| 2025-12-15 | Goldstein Robert G | Option exercise | 735K | $50.33 |
| 2025-12-15 | Goldstein Robert G | Sell | 2.3K | $67.28 |
| 2025-12-15 | Goldstein Robert G | Sell | 732K | $66.80 |
| 2025-12-12 | Goldstein Robert G | Sell | 15K | $66.24 |
| 2025-12-12 | Goldstein Robert G | Option exercise | 15K | $50.33 |
| 2025-12-11 | Goldstein Robert G | Option exercise | 383K | $50.33 |
| 2025-12-11 | Goldstein Robert G | Sell | 383K | $66.39 |
| 2025-12-11 | Goldstein Robert G | Sell | 100 | $67.00 |
| 2025-12-10 | Goldstein Robert G | Option exercise | 17K | $50.33 |
| 2025-12-10 | Goldstein Robert G | Sell | 17K | $67.03 |
| 2025-12-03 | Dumont Patrick | Sell | 82K | $67.66 |
| 2025-12-03 | Dumont Patrick | Option exercise | 136K | $52.53 |
| 2025-12-03 | Dumont Patrick | Sell | 54K | $68.43 |
| 2025-12-02 | Dumont Patrick | Sell | 17K | $68.97 |
| 2025-12-02 | Dumont Patrick | Option exercise | 17K | $52.53 |
| 2025-12-01 | Hudson D. Zachary | Option exercise | 53K | $57.76 |
| 2025-12-01 | Dumont Patrick | Sell | 210K | $69.96 |
| 2025-12-01 | Chafetz Irwin | Sell | 30K | $69.76 |
| 2025-12-01 | Goldstein Robert G | Option exercise | 100K | $50.33 |
| 2025-12-01 | Goldstein Robert G | Sell | 100K | $70.17 |
| 2025-12-01 | Hudson D. Zachary | Sell | 53K | $70.37 |
| 2025-12-01 | Dumont Patrick | Option exercise | 210K | $52.53 |
| 2025-11-25 | Hyzak Randy | Option exercise | 22K | $58.81 |
| 2025-11-25 | Hyzak Randy | Sell | 22K | $66.44 |
| 2025-11-25 | Hyzak Randy | Option exercise | 36K | $59.89 |
| 2025-11-25 | Hyzak Randy | Sell | 36K | $66.45 |
| 2025-11-07 | Hudson D. Zachary | Option exercise | 100K | $34.28 |
| 2025-11-07 | Hudson D. Zachary | Sell | 100K | $64.99 |
| 2025-11-06 | Goldstein Robert G | Option exercise | 360K | $34.28 |
| 2025-11-06 | Goldstein Robert G | Sell | 360K | $63.05 |
| 2025-11-05 | Goldstein Robert G | Sell | 40K | $62.98 |
| 2025-11-05 | Goldstein Robert G | Option exercise | 40K | $34.28 |
| 2025-10-31 | Goldstein Robert G | Sell | 400K | $59.20 |
| 2025-10-31 | Goldstein Robert G | Option exercise | 400K | $34.28 |
| 2025-10-30 | Goldstein Robert G | Option exercise | 200K | $34.28 |
| 2025-10-30 | Goldstein Robert G | Sell | 200K | $59.05 |
| 2025-10-29 | Goldstein Robert G | Option exercise | 700K | $34.28 |
| 2025-10-29 | Goldstein Robert G | Sell | 533K | $58.77 |
| 2025-10-29 | Goldstein Robert G | Sell | 167K | $59.22 |
| 2025-10-27 | Goldstein Robert G | Sell | 265K | $59.40 |
| 2025-10-27 | Goldstein Robert G | Option exercise | 300K | $34.28 |
| 2025-10-27 | Goldstein Robert G | Sell | 35K | $58.75 |
| 2025-09-10 | Forman Charles D | Sell | 20K | $54.13 |
| 2025-08-06 | Forman Charles D | Sell | 10K | $52.63 |
| 2025-07-31 | Adelson Miriam | Gift | 223K | — |
| 2025-07-31 | Adelson Miriam | Gift | 223K | — |
| 2025-07-31 | Adelson Miriam | Gift | 223K | — |
| 2025-07-31 | Adelson Miriam | Gift | 1.3M | — |
| 2025-07-31 | Adelson Miriam | Gift | 672K | — |
| 2025-05-15 | Pant Muktesh | Grant | 4.7K | — |
| 2025-05-15 | Besca Mark | Grant | 4.7K | — |
| 2025-05-15 | Chafetz Irwin | Grant | 4.7K | — |
| 2025-05-15 | Chau Micheline | Grant | 4.7K | — |
| 2025-05-15 | Forman Charles D | Grant | 4.7K | — |
| 2025-05-15 | Kramer Lewis | Grant | 4.7K | — |
| 2025-05-15 | Li Alain | Grant | 4.7K | — |
| 2025-03-14 | Pant Muktesh | Buy | 23K | $43.51 |
| 2025-02-20 | Adelson Miriam | Gift | 527K | — |
| 2025-02-06 | Goldstein Robert G | Gift | 129K | — |
| 2025-02-06 | Goldstein Robert G | Gift | 129K | — |
| 2025-01-30 | Hudson D. Zachary | Tax withheld | 1.9K | $48.24 |
| 2025-01-30 | Goldstein Robert G | Option exercise | 56K | — |
| 2025-01-30 | Dumont Patrick | Option exercise | 29K | — |
| 2025-01-30 | Hyzak Randy | Option exercise | 8.6K | — |
| 2025-01-30 | Hudson D. Zachary | Option exercise | 7.8K | — |
| 2025-01-29 | Goldstein Robert G | Option exercise | 73K | — |
| 2025-01-29 | Hudson D. Zachary | Option exercise | 10K | — |
| 2025-01-29 | Dumont Patrick | Option exercise | 38K | — |
| 2025-01-29 | Hudson D. Zachary | Tax withheld | 2.5K | $43.43 |
| 2025-01-29 | Hyzak Randy | Option exercise | 11K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Shareholder vote | filing ↗ |
| 2026-05-13 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-05 | OtherExhibits | filing ↗ |
| 2026-04-22 | ResultsExhibits | filing ↗ |
| 2026-03-05 | Exec/director change | filing ↗ |
| 2026-02-13 | Exec/director changeReg FDOtherExhibits | filing ↗ |
| 2026-01-28 | ResultsExhibits | filing ↗ |
| 2025-10-27 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-14 | 0001300514-26-000073 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001300514-26-000070 ↗ |
| 8-K | 2026-05-05 | 2026-05-04 | 0001300514-26-000062 ↗ |
| 10-Q | 2026-04-24 | 2026-03-31 | 0001300514-26-000046 ↗ |
| 8-K | 2026-04-22 | 2026-04-22 | 0001300514-26-000039 ↗ |
| 8-K | 2026-03-05 | 2026-03-03 | 0001300514-26-000021 ↗ |
| 8-K | 2026-02-13 | 2026-02-12 | 0001300514-26-000017 ↗ |
| 10-K | 2026-02-06 | 2025-12-31 | 0001300514-26-000013 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0001300514-26-000004 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001300514-25-000166 ↗ |
| 10-Q | 2025-10-24 | 2025-09-30 | 0001300514-25-000163 ↗ |
| 8-K | 2025-10-22 | 2025-10-22 | 0001300514-25-000157 ↗ |