Company Dossier · Consumer Discretionary
Las Vegas Sands
- S&P 500
- Russell 1000
What Las Vegas Sands is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $13.7 billion, up 18% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $2.70 billion, up 329% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $1.03 billion, down 41% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $2.22 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $6.78 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (October 21, 2026): sentiment 0.35 on a −1 to +1 scale (mixed), confidence 0.58 of 1.Palanor Discourse
- Latest annual report (filed February 6, 2026): 0 risk factors added, 1 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q2 2026: $0.6 million on the open market.SEC Form 4
- 713 institutional managers reported a position at June 30, 2026 (−52 on the quarter before).SEC Form 13F
- H-1B filings certified in Q1 2026: 1 (1 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What Las Vegas Sands is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Retrenching · Hedging
Expanding ↔ Retrenching
Retrenching
- Capital spending8th pct
- Debt raised52nd pct
- Buybacks vs capex33rd pct
- Hiring filings6th pct
- Deals and private raises48th pct
- Patent publications20th pct
Confident ↔ Hedging
Hedging
- Call sentiment32nd pct
- Call confidence5th pct
- Guidance changes—
- Risk factors added65th pct
- Insider open-market trades—
- − Call confidence
- − Call sentiment
- + Risk factors added
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver28th pct
- Stress filings50th pct
Credit
How these are built →Las Vegas Sands's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$15.3B
- Due within a year $1.6B
- Longer term $13.7B
- Default point $8.4B (short + ½ long)
Finance leases included · Jun 30, 2026 filing
Bonds priced, last 12 months
$1.0B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| May 4, 2026 | $500M | 5.300% | 2031 (5y) | +125bp | 5.349% |
| May 4, 2026 | $500M | 5.650% | 2033 (7y) | +140bp | 5.672% |
| Apr 29, 2025 | $1B | 5.625% | 2028 (3y) | +200bp | 5.648% |
| Apr 29, 2025 | $500M | 6.000% | 2030 (5y) | +225bp | 6.023% |
| May 7, 2024 | $500M | 6.000% | 2029 (5y) | +155bp | 6.026% |
| May 7, 2024 | $500M | 6.200% | 2034 (10y) | +175bp | 6.213% |
| May 7, 2024 | $750M | 5.900% | 2027 (3y) | +130bp | 5.946% |
From the pricing term sheets Las Vegas Sands filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (AVOQ, LLC)third_quarter 2026 · $0.1 million
- Oct 19, 2026LobbyingLobbying report (CAPITOL COUNSEL LLC)third_quarter 2026 · $0.1 million
- Oct 18, 2026LobbyingLobbying report (THE VOGEL GROUP)third_quarter 2026 · $0.0 million
- Aug 11, 2026PatentPatent granted: PLAYING CARD SECURITY DEVICEUS 12702916
- Jul 20, 2026LobbyingLobbying report (THE VOGEL GROUP)second_quarter 2026 · $0.0 million
- Jul 20, 2026LobbyingLobbying report (AVOQ, LLC)second_quarter 2026 · $0.1 million
- Jul 17, 2026LobbyingLobbying report (CAPITOL COUNSEL LLC)second_quarter 2026 · $0.1 million
- May 19, 2026Patent
- May 18, 20268-KShareholder vote resultsItem 5.07
- May 13, 20268-KMaterial agreement signedItem 1.01
- Apr 20, 2026LobbyingLobbying report (AVOQ, LLC)first_quarter 2026 · $0.1 million
- Apr 20, 2026LobbyingLobbying report (THE VOGEL GROUP)first_quarter 2026 · $0.0 million
- Mar 24, 2026PatentPatent granted: LIGHTED GAMING TABLEUS 12586438
- Mar 5, 20268-KDirector or officer changeItem 5.02
- Feb 13, 20268-KDirector or officer changeItem 5.02
- Feb 6, 202610-KAnnual report (10-K)0 risk factors added, 1 removed
- May 16, 20258-KShareholder vote resultsItem 5.07
- May 6, 20258-KMaterial agreement signedItem 1.01
- Mar 11, 20258-KDirector or officer changeItem 5.02
- Mar 11, 20258-KDirector or officer changeItem 5.02
- Mar 6, 20258-KDirector or officer changeItem 5.02
- Mar 3, 20258-KMaterial agreement terminatedItem 1.02
- Feb 24, 20258-KMaterial agreement signedItem 1.01
- Feb 7, 202510-KAnnual report (10-K)0 risk factors added, 2 removed
- Jan 27, 20258-KDirector or officer changeItem 5.02
- Jan 10, 20258-KMaterial agreement signedItem 1.01
- Oct 23, 20248-KMaterial agreement signedItem 1.01
- Oct 23, 20248-KMaterial agreement terminatedItem 1.02
- Oct 22, 2024Patent
- Feb 7, 202410-KAnnual report (10-K)0 risk factors added, 1 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Caesars Entertainment CZR | $11.7B | $0.6B | Jun 30, 2026 |
| Flutter Entertainment FLUT | $17.2B | $1.2B | Jun 30, 2026 |
| MGM Resorts MGM | $17.8B | $1.5B | Jun 30, 2026 |
| Wynn Resorts WYNN | $7.4B | $0.8B | Jun 30, 2026 |
| Boyd Gaming BYD | $4.1B | $0.0B | Jun 30, 2026 |
| Churchill Downs Incorporated CHDN | $3.0B | — | Jun 30, 2026 |
| LKQ Corporation LKQ | $13.7B | $0.6B | Jun 30, 2026 |
| Darden Restaurants DRI | $13.4B | $1.1B | Aug 30, 2026 |