CluenexLas Vegas Sands Corp. LVS
Las Vegas Sands Corp. scores average on business quality (5.9 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Las Vegas Sands Corp. does
Las Vegas Sands operates integrated resort properties, focusing on casino, hotel, and convention operations in Macao and Singapore. Tourists and business travelers pay for gaming, lodging, and entertainment. Growth centers on reinvesting cash flow into property expansions in Asia to capture rebounding regional travel demand.
- What it does best
Dominating large-scale Asian gaming and convention markets, Las Vegas Sands delivers an operating margin of 23.3% that outpaces regional peers like MGM at 6.5%. Massive physical footprint and regulatory licenses in Macao and Singapore create a barrier that new entrants cannot easily replicate.
- The main risk
Heavy reliance on Macao and Singapore regulatory and tourism conditions exposes earnings to sudden policy shifts or travel restrictions. With total debt at $15.8 billion, any prolonged regional downturn threatens cash flow needed to service liabilities and fund returns.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin reaches 23.3% alongside an FCF margin in the top quartile at 89% sector rank. Profitability expands as resort volumes recover, proving the business scales efficiently once properties fill up.
Scale and irreplaceable gaming licenses lock in high-end travelers and corporate convention planners across Asia. Operating in the top decile for sector profitability, its physical assets are nearly impossible for rivals to duplicate quickly.
Revenue growth hits 15.2%, placing the company in the top decile of its sector. This expansion accelerates past historical lows seen during pandemic years, driven by recovering tourism volumes in Macao and Singapore.
Debt-to-equity of 9.9x and net debt of $11.9 billion demand close attention. Interest coverage sits at 4.2x, making debt service manageable while free_cash_flow reaches $2.7 billion, leaving the balance sheet softening overall.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on LVS
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Las Vegas Sands Corp. scores average on the Cluenex quality check (5.9 of 10), measured against its own industry. Profitability is strong, moat weak, growth fast and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 21, 2026, after the close.
See LVS today
- Today's verdict on LVS, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Las Vegas Sands Corp. (LVS)”, https://cluenex.com/stocks/lvs/, data as of Oct 10, 2026.