What is the 13F Pro Quality Score for LVS?

13F Pro ranks LAS VEGAS SANDS CORP (LVS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View LVS's current score at https://13fpro.ai/research/LVS (free sign-up required for the full ranking).

Where does 13F Pro source LVS data?

All LAS VEGAS SANDS CORP fundamentals and ownership data come directly from SEC EDGAR. LAS VEGAS SANDS CORP files with the SEC under CIK 1300514. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is LVS in?

LAS VEGAS SANDS CORP (LVS) is classified in the Consumer Discretionary sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/consumer-discretionary.

What drives LVS's revenue?

Per LAS VEGAS SANDS CORP's latest 10-Q filed with the SEC on 2026-04-24, the biggest revenue drivers are: Casino ($2,739M, +28.8% YoY); Rooms ($377M, +16.4% YoY); Food and beverage ($176M, +24.8% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/LVS.

What are LVS's largest expenses?

LAS VEGAS SANDS CORP's latest 10-Q reports these as the largest expense items: Casino ($1,505M, +30.1% YoY); Depreciation and amortization ($357M, -1.4% YoY); General and administrative ($302M, +10.6% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is LVS research updated on 13F Pro?

LVS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

LAS VEGAS SANDS CORP(LVS)Stock Analysis

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13F Pro Quality Score

73.7/100

Rank #188 of 2,879 stocksTOP 10%

View Consumer Discretionary peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

68.2/100

Profitability

75.9/100

Balance Sheet

82.3/100

Earnings Quality

64.2/100

Free Cash Flow

66.2/100

Institutional Flow

43.0/100

Revenue Scale

88.9/100

Dilution Risk

78.2/100

LVS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for LAS VEGAS SANDS CORP (LVS), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores LVS at 73.7/100 on a 32-signal composite quality model, placing it at rank #188 of 2,879 stocks — the top 10% of the AI-ranked universe. LVS scores in the top quartile across revenue scale (88.9), balance sheet strength (82.3), profitability (75.9). Based on the latest XBRL financial filings (Q1 2026), LAS VEGAS SANDS CORP reports quarterly revenue of $3.6B, net income of $567.0M, an operating margin of 25.2%. Top institutional holders of LVS by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. LVS trades on the NYSE exchange and files with the SEC under CIK 1300514. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate LVS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for LAS VEGAS SANDS CORP directly from SEC EDGAR. LAS VEGAS SANDS CORP's 13F Pro composite quality score has ranged between 8 and 81 since 2021, currently 73.7 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about LAS VEGAS SANDS CORP

Quirks, history, and lore behind LVS — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. hospitality and gaming company · large-cap · listed on NYSE · headquartered in Nevada.
2
The Numbers
Generates roughly $10+ billion in annual revenue, with the vast majority coming from Asia rather than its home state — the home turf is almost a footnote.
3
The History
Founded in the 1980s by a brash billionaire who built his first mega-resort on the Las Vegas Strip and then pivoted hard toward Macau and Singapore.
4
The Secret
This company doesn't really think of itself as a casino operator — it prefers the term integrated resort developer, bundling hotels, retail, conventions, and gaming under one roof.
5
The Lore
Its founder Sheldon Adelson famously built the Venetian on the site of the demolished Sands Hotel — where the Rat Pack once performed — honoring and erasing history in one swing.
6
The Giveaway
It owns the Venetian in Las Vegas, the Marina Bay Sands in Singapore (that iconic boat-on-three-towers), and a fleet of properties in Macau.

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What's Driving LVS's Business? Latest 10-Q Breakdown

AI-extracted from LAS VEGAS SANDS CORP's 10-Q filed 2026-04-24 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

LVS Q1 2026 net revenue reached $3.59B (+25.3% YoY) with net income of $567M (+61% YoY), driven by 28.8% casino revenue growth and Marina Bay Sands' 30.2% adjusted property EBITDA increase.

Biggest Revenue Drivers

Total revenue: $3,585M+25.3% YoY

Casino$2,739M+28.8% YoY

Increased table games and slot volumes at Macao operations and Marina Bay Sands; Rolling Chip win percentage increases at Macao partially offset by Non-Rolling Chip and slot hold percentage decreases.

Rooms$377M+16.4% YoY

Macao room increase driven by Londoner Grand conversion completed April 2025; Marina Bay Sands increase from suite renovations completed May 2025.

Food and beverage$176M+24.8% YoY

Increased business volumes at Marina Bay Sands and Macao operations; new dining venue launch at Marina Bay Sands.

Mall$204M+9.7% YoY

Macao operations increased by $11M from higher overage rents and base rent; Marina Bay Sands increased by $7M from higher base rent and overage rents.

Convention, retail and other$89M+6.0% YoY

Modest growth from increased business volumes and convention revenues.

Largest Expense Items

Casino$1,505M+30.1% YoY

Macao gaming taxes increased $198M consistent with gross gaming revenues; payroll increased $34M; casino marketing increased $16M. Marina Bay Sands gaming taxes increased $64M with payroll up $12M.

Depreciation and amortization$357M-1.4% YoY

Relatively flat compared to prior year.

General and administrative$302M+10.6% YoY

Marina Bay Sands increase of $18M from payroll, facilities and property tax increases; Macao increase of $11M from facilities maintenance and marketing.

Corporate$83M+13.7% YoY

Payroll increased $14M from accelerated restricted stock unit vesting; taxes and licenses up $2M; other expenses up $5M; offset by $11M reversal of previously accrued legal fees.

Watch Items from the Filing

Macao concession requires 35.84B patacas (~$4.44B) investment by December 2032, of which 33.39B patacas (~$4.14B) in non-gaming projects. Through 2024, company spent 5.80B patacas (~$718M); 2025 spend of 2.52B patacas (~$313M) pending government audit confirmation.
Marina Bay Sands expansion project estimated at $8.0B total cost; $2.8B incurred through Q1 2026. Construction commenced May 2025 with company estimate completion June 2030, opening January 2031, subject to Singapore government approval for any deadline extension.
Provision for credit losses increased $24M YoY to $29M, with Marina Bay Sands accounting for $38M provision in Q1 partially offset by $24M settlements. Credit risk provision volatility warrants monitoring.
Shareholder dividend tax agreement with Macao government expires December 31, 2025; company requested extension through December 2027 but no assurance of approval. Current tax rate assumes agreement is extended; failure could increase effective tax rate materially.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$3.6B

Net Income

Q1 2026

$567.0M

Free Cash Flow

Q1 2026

$537.0M

Operating Margin

Q1 2026

25.2%

ROIC

Q1 2026

6.0%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+25.5% YoY

$13.02BFY 2025

FY21 $4.23BFY22 $4.11BFY23 $10.37BFY25 $13.02B

Net Income

+33.3% YoY

$1.63BFY 2025

FY21 $-961.0MFY22 $1.83BFY23 $1.22BFY25 $1.63B

Operating Income

+21.8% YoY

$2.82BFY 2025

FY21 $-689.0MFY22 $-792.0MFY23 $2.31BFY25 $2.82B

EPS (Diluted)

+46.9% YoY

$2.35FY 2025

FY21 $-1.26FY22 $2.40FY23 $1.60FY25 $2.35

Total Assets

+0.7% YoY

$21.92BFY 2025

FY21 $20.06BFY22 $22.04BFY23 $21.78BFY25 $21.92B

Total Debt

+11.9% YoY

$15.77BFY 2025

FY21 $14.92BFY22 $16.06BFY23 $14.09BFY25 $15.77B

Op. Cash Flow

-6.3% YoY

$3.02BFY 2025

FY21 —FY22 —FY23 $3.23BFY25 $3.02B

Metric	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020	FY 2018
Revenue	$13.02B +25.5%	$10.37B +152.4%	$4.11B -2.9%	$4.23B +44.0%	$2.94B -78.6%	$13.73B
Net Income	$1.63B +33.3%	$1.22B -33.4%	$1.83B +290.6%	$-961.0M +43.0%	$-1.69B -169.8%	$2.41B
Operating Income	$2.82B +21.8%	$2.31B +392.0%	$-792.0M -14.9%	$-689.0M +50.5%	$-1.39B -137.1%	$3.75B
EPS (Diluted)	$2.35 +46.9%	$1.60 -33.3%	$2.40 +290.5%	$-1.26 +43.0%	$-2.21 -172.0%	$3.07
Total Assets	$21.92B +0.7%	$21.78B -1.2%	$22.04B +9.9%	$20.06B -3.6%	$20.81B -7.7%	$22.55B
Total Debt	$15.77B +11.9%	$14.09B -12.3%	$16.06B +7.6%	$14.92B +5.7%	$14.12B +17.0%	$12.07B
Operating Cash Flow	$3.02B -6.3%	$3.23B	—	—	$-1.31B -127.9%	$4.70B

AI Insight: LVS Financial Trends

LVS revenue surged 30% year-over-year to $3,585M in Q1 2026 while operating income hit a new high of $904M, but debt has ballooned to $15,724M as equity collapses to $1,198M.

• Revenue grew from $2,761M in Q2 2024 to $3,585M in Q1 2026, a 30% increase over six quarters.

• Operating income reached $904M in Q1 2026, up from $591M in Q2 2024; operating margin expanded meaningfully.

• Net income rose to $567M in Q1 2026, the highest in the dataset, up from $353M in Q2 2024.

• Equity has deteriorated sharply from $3,754M in Q2 2024 to $1,198M in Q1 2026, while total debt rose to $15,724M.

⚠ Total debt jumped from $13,738M in Q2 2024 to $15,724M in Q1 2026; rising leverage amid eroding equity warrants close monitoring.

⚠ Operating cash flow was unusually low at $178M in Q2 2025 versus $1,115M in Q3 2025 — quarterly volatility is extreme.

⚠ Net income dipped to $395M in Q4 2025 despite revenue of $3,649M, suggesting cost or one-time pressure worth tracking.

AI Insight: LVS Ratio Trends

Q1 2026 operating margin hit 25.2% and ROIC reached 21.4% — the strongest readings in the dataset — but D/E has surged to 13.13x, a dramatic leverage build.

• Operating margin expanded from a trough of 18.8% in Q3 2024 to 25.2% in Q1 2026, the highest level in the table.

• ROIC rose from 11.6% in Q3 2024 to 21.4% in Q1 2026, signaling improving capital efficiency across the recovery.

• ROA climbed from 5.1% in Q3 2024 to 10.7% in Q1 2026, the strongest asset-level profitability in the dataset.

• D/E ratio surged from 3.66x in Q2 2024 to 13.13x in Q1 2026, reflecting aggressive and accelerating leverage accumulation.

⚠ D/E nearly quadrupled from 3.66x to 13.13x over seven quarters — debt servicing capacity warrants close monitoring if margins soften.

⚠ Operating margin dipped to 19.4% in Q4 2025 before rebounding; seasonal volatility could pressure full-year profitability.

⚠ Q1 2026 margin spike to 25.2% vs. TTM 22.7% may reflect one-off items; sustainability into Q2 2026 is key.

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Available Research

13F Pro tracks comprehensive data for LAS VEGAS SANDS CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of LVS

BlackRock, Inc.
$1.4B26,162,281 sh
VANGUARD CAPITAL MANAGEMENT LLC
$1.1B19,638,399 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$990.5M18,384,243 sh
STATE STREET CORP
$767.3M14,240,118 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$462.4M8,582,962 sh
D. E. Shaw & Co., Inc.
$460.0M8,537,416 sh
GEODE CAPITAL MANAGEMENT, LLC
$453.9M8,454,830 sh
Invesco Ltd.
$399.5M7,414,801 sh
AQR CAPITAL MANAGEMENT LLC
$398.9M7,551,881 sh
Bank of New York Mellon Corp
$369.9M6,866,115 sh

Fund	Value	Shares
BlackRock, Inc.	$1.4B	26,162,281
VANGUARD CAPITAL MANAGEMENT LLC	$1.1B	19,638,399
VANGUARD PORTFOLIO MANAGEMENT LLC	$990.5M	18,384,243
STATE STREET CORP	$767.3M	14,240,118
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$462.4M	8,582,962
D. E. Shaw & Co., Inc.	$460.0M	8,537,416
GEODE CAPITAL MANAGEMENT, LLC	$453.9M	8,454,830
Invesco Ltd.	$399.5M	7,414,801
AQR CAPITAL MANAGEMENT LLC	$398.9M	7,551,881
Bank of New York Mellon Corp	$369.9M	6,866,115

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Is LVS a good stock to buy?

13F Pro's AI-powered analysis of LAS VEGAS SANDS CORP (LVS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for LVS are available on the LVS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own LVS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling LVS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of LAS VEGAS SANDS CORP's investment landscape.