Private company

VECTOR GROUP LTD

VECTOR GROUP LTD is an American cigarettes company, incorporated in Delaware.1 It is headquartered in Miami, Florida.1

Last updated Oct 20, 2026.

Overview

  • IndustryCigarettes1
  • HeadquartersMiami, Florida1
  • Incorporated inDE2
  • Business address4400 Biscayne Boulevard, 10Th Floor, Miami, Fl 331372
  • Filer categoryLarge accelerated filer2

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The Consolidated Financial Statements included in this annual report present the financial position of Vector Group Ltd., a Delaware corporation, as of December 31, 2023 and 2022 and the results of our operations for the years ended December 31, 2023, 2022 and 2021. Our results of operations for the year ended December 31, 2021 give effect to the distribution to our stockholders (including Vector common stock underlying outstanding stock options awards and restricted stock awards) of the common stock of Douglas Elliman Inc. (the “Distribution”) with the historical financial results of Douglas Elliman reflected as discontinued operations. The cash flows and comprehensive income related to Douglas Elliman have not been segregated and are included in the Consolidated Statements of Cash Flows and Consolidated Statements of Comprehensive Income, respectively, for the 2021 period presented. Un…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

23.0%Operating margin5
12.9%Net margin5
-1.2%Revenue growth, 20235
$199.4MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue67¢$965.3M
  • Selling, general and admin8¢$112.1M
  • Interest8¢$108.6M
  • Income tax5¢$64.9M
  • Profit13¢$183.5M

Out of $1.4B in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Capital spending5¢$10.6M
  • Dividends paid60¢$126.2M
  • Kept or used elsewhere35¢$73.2M

Out of $210.0M of cash from operations.5

Financial statements

Revenue67895$1.4B in 2023−21% since 2017
0$500.0M$1.0B$1.5B$2.0B2017: $1.8B$1.8B20172018: $1.9B$1.9B2018+3%2019: $1.1B$1.1B2019−40%2020: $1.2B$1.2B2020+10%2021: $1.2B$1.2B2021−1%2022: $1.4B$1.4B2022+18%2023: $1.4B$1.4B2023−1%
Operating income107895$328.0M in 2023+39% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $235.6M$235.6M20172018: $224.0M$224.0M2018−5%2019: $234.6M$234.6M2019+5%2020: $294.4M$294.4M2020+25%2021: $320.4M$320.4M2021+9%2022: $339.0M$339.0M2022+6%2023: $328.0M$328.0M2023−3%
Net income107895$183.5M in 2023+117% since 2017
0$100.0M$200.0M$300.0M2017: $84.6M$84.6M20172018: $58.1M$58.1M2018−31%2019: $101.0M$101.0M2019+74%2020: $92.9M$92.9M2020−8%2021: $219.5M$219.5M2021+136%2022: $158.7M$158.7M2022−28%2023: $183.5M$183.5M2023+16%
Fiscal year2017201820192020202120222023
Revenue$1.8B6$1.9B7$1.1B8$1.2B9$1.2B5$1.4B5$1.4B5
Cost of revenue$1.2B10$1.3B7$774.9M8$819.6M9$769.5M5$998.7M5$965.3M5
Selling, general and admin$337.2M10$355.5M7$109.1M8$116.6M9$131.4M5$103.1M5$112.1M5
Operating income$235.6M10$224.0M7$234.6M8$294.4M9$320.4M5$339.0M5$328.0M5
Interest$173.7M10$203.8M7$137.5M8$121.3M9$112.7M5$110.7M5$108.6M5
Income before tax$210.0M5$220.6M5$248.5M5
Income tax-$1.6M10$21.6M7$31.1M8$54.1M9$62.8M5$61.9M5$64.9M5
Net income$84.6M10$58.1M7$101.0M8$92.9M9$219.5M5$158.7M5$183.5M5
Earnings per share$0.5410$0.357$0.648$0.609$1.405$1.015$1.175
Earnings per share (diluted)$0.5410$0.357$0.638$0.609$1.405$1.015$1.165
Shares (weighted, basic)152.4M shares5152.8M shares5153.2M shares5
Shares (weighted, diluted)152.5M shares5152.9M shares5153.3M shares5

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Corporate structure

VECTOR GROUP LTD sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VECTOR GROUP LTD

  • RENAISSANCE TECHNOLOGIES LLC Filed SCHEDULE 13G/A on VECTOR GROUP LTD, latest Feb 13, 2025 (4 filings since Feb 11, 2022)
  • Capital Research Global Investors Filed SC 13G/A on VECTOR GROUP LTD, latest Nov 12, 2024 (4 filings since Feb 11, 2022)
  • Phillip Et Al Frost Md. Filed SC 13D/A on VECTOR GROUP LTD, latest Oct 15, 2024 (2 filings since Oct 1, 2024)
  • Howard M. Lorber Filed SC 13D/A on VECTOR GROUP LTD, latest Oct 7, 2024 (3 filings since Feb 16, 2024)
  • VANGUARD GROUP INC Filed SC 13G/A on VECTOR GROUP LTD, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • VECTOR GROUP LTD Miami, Florida
    • Liggett Group LLC Subsidiary · Delaware, United States
    • New Valley LLC Subsidiary · Delaware, United States
    • Vector Tobacco LLC Subsidiary · Virginia, United States
    • VGR Holding LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VECTOR GROUP LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$7.0K5 Dec 31, 2023$32.0K5 Dec 31, 2022−78.1%
Operating-lease assets (leased space)$11.0M5 Dec 31, 2023$7.7M5 Dec 31, 2022+42.3%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$09 Dec 31, 2022$9.1M9 Dec 31, 2021−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$268.6M5 Dec 31, 2023$224.6M5 Dec 31, 2022+19.6%
Debt securities available for sale$73.2M5 Dec 31, 2023$81.6M5 Dec 31, 2022−10.3%
Stakes in other companies (equity method)$17.4M5 Dec 31, 2023$16.0M5 Dec 31, 2022+8.2%
Long-term investments$46.8M5 Dec 31, 2023$45.0M5 Dec 31, 2022+4.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$107.5M5 Dec 31, 2023$107.5M5 Dec 31, 20220%
Indefinite-lived intangibles (excluding goodwill)$107.5M5 Dec 31, 2023$107.5M5 Dec 31, 20220%

Inventory

ItemLatestA year beforeChange
Inventory, total$92.0M5 Dec 31, 2023$92.4M5 Dec 31, 2022−0.5%
Raw materials$46.2M5 Dec 31, 2023$39.9M5 Dec 31, 2022+15.8%
Work in process$814.0K5 Dec 31, 2023$798.0K5 Dec 31, 2022+2.0%
Finished goods$65.3M5 Dec 31, 2023$64.9M5 Dec 31, 2022+0.7%
Supplies$9.4M5 Dec 31, 2023$8.8M5 Dec 31, 2022+6.4%

Leadership

Who has led VECTOR GROUP LTD, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Howard M. Lorber2006–2024

President

  1. Howard M. Lorber2006–2024
  2. Ronald J. Bernstein2006–2019
  3. Nicholas P. Anson2020–2024

Chief financial officer

  1. J. Bryant Kirkland Iii.2006–2021

Chief operating officer

  1. Richard Lampen2021–2024
2010201520202025
Board members and other officers (13)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Liggett Group LLC Delaware3
  • New Valley LLC Delaware3
  • VGR Holding LLC Delaware3
  • Vector Tobacco LLC Virginia3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • BROOKE GROUP LTDJan 4, 1994 to Apr 13, 20002

Timeline

  1. Oct 7, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights29
  2. Aug 21, 20248-K Shareholder vote30
  3. Aug 21, 20248-K Entered a material agreement; Executive or director change; Regulation FD disclosure31
  4. Aug 1, 20248-K Results of operations; Regulation FD disclosure32
  5. May 6, 20248-K Regulation FD disclosure33
  6. May 2, 20248-K Results of operations34
  7. Feb 14, 20248-K Results of operations; Regulation FD disclosure35
  8. Nov 2, 20238-K Results of operations; Regulation FD disclosure36
  9. Aug 4, 20238-K Results of operations; Regulation FD disclosure37
  10. Jul 31, 20238-K Executive or director change; Shareholder vote38
  11. May 9, 20238-K Results of operations; Regulation FD disclosure39
  12. Feb 16, 20238-K Results of operations; Regulation FD disclosure40
  13. Jan 31, 2006New chief executive Howard M. Lorber becomes CEO14

Calendar

When it reported results

  1. Aug 1, 2024Reported quarterly or annual results32
  2. May 2, 2024Reported quarterly or annual results34
  3. Feb 14, 2024Reported quarterly or annual results35
  4. Nov 2, 2023Reported quarterly or annual results36
  5. Aug 4, 2023Reported quarterly or annual results37
  6. May 9, 2023Reported quarterly or annual results39
  7. Feb 16, 2023Reported quarterly or annual results40
  8. Nov 2, 2022Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

227 filings to the SEC since October 2021: 5 annual reports, 9 quarterly reports, 27 major events, 109 insider forms, 20 large holders, 57 other. The latest 20:

  1. Feb 13, 2025SCHEDULE 13G/A EDGAR
  2. Nov 13, 2024SCHEDULE 13G EDGAR
  3. Nov 12, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  4. Oct 17, 202415-12G EDGAR
  5. Oct 15, 2024SC 13D/A EDGAR
  6. Oct 7, 2024EFFECT EDGAR
  7. Oct 7, 2024EFFECT EDGAR
  8. Oct 7, 2024EFFECT EDGAR
  9. Oct 7, 2024EFFECT EDGAR
  10. Oct 7, 2024EFFECT EDGAR
  11. Oct 7, 2024EFFECT EDGAR
  12. Oct 7, 2024EFFECT EDGAR
  13. Oct 7, 2024EFFECT EDGAR
  14. Oct 7, 2024EFFECT EDGAR
  15. Oct 7, 2024EFFECT EDGAR
  16. Oct 7, 2024EFFECT EDGAR
  17. Oct 7, 2024EFFECT EDGAR
  18. Oct 7, 2024EFFECT EDGAR
  19. Oct 7, 2024SC 13D/A EDGAR
  20. Oct 7, 2024S-8 POS EDGAR

The 227 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

27 open-market trades by officers, directors and large owners since October 2021: 7 buys and 20 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 14, 2023LEBOW BENNETT SDirectorSale121,054$11.69$1.4MForm 4
Dec 13, 2023LEBOW BENNETT SDirectorSale50,000$11.68$584.0KForm 4
Sep 11, 2023KIRKLAND J BRYANT IIISee RemarksBuy10,000$10.32$103.2KForm 4
Sep 8, 2023LAMPEN RICHARDEVP/COOBuy10,000$10.32$103.2KForm 4
Jun 9, 2023LEBOW BENNETT SDirectorSale80,000$12.73$1.0MForm 4
Jun 8, 2023LEBOW BENNETT SDirectorSale80,000$12.93$1.0MForm 4
Mar 10, 2023LEBOW BENNETT SDirectorSale117,474$12.09$1.4MForm 4
Feb 22, 2023BERNSTEIN RONALD JDirectorSale7,400$13.98$103.5KForm 4
Feb 21, 2023BERNSTEIN RONALD JDirectorSale4,600$14.15$65.1KForm 4
Dec 21, 2022LEBOW BENNETT SDirectorSale325,000$11.53$3.7MForm 4
Dec 20, 2022LEBOW BENNETT SDirectorSale175,000$11.32$2.0MForm 4
Nov 16, 2022LEBOW BENNETT SDirectorSale246,139$10.73$2.6MForm 4
Nov 15, 2022LEBOW BENNETT SDirectorSale66,347$10.73$711.9KForm 4
Nov 9, 2022LEBOW BENNETT SDirectorSale170,000$10.37$1.8MForm 4
Nov 8, 2022LEBOW BENNETT SDirectorSale130,000$10.69$1.4MForm 4
Nov 7, 2022BERNSTEIN RONALD JDirectorSale15,000$10.73$160.9KForm 4
Aug 31, 2022KIRKLAND J BRYANT IIISee RemarksBuy5,000$9.81$49.0KForm 4
Aug 30, 2022KIRKLAND J BRYANT IIISee RemarksBuy2,500$9.98$24.9KForm 4
Aug 9, 2022BERNSTEIN RONALD JDirectorSale10,000$10.55$105.5KForm 4
May 12, 2022BERNSTEIN RONALD JDirectorSale10,000$11.55$115.5KForm 4

All 27 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How VECTOR GROUP LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVECTOR GROUP LTD1
  • CIK0000059440
  • Employer ID (EIN)65-09495351
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2111 Cigarettes1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address4400 Biscayne Boulevard, 10Th Floor, Miami, FL 331371
  • Phone30557980001
  • Shares outstanding157,375,597 as of Aug 1, 202412
  • Public float$1.9B as of Jun 30, 202347
  • On EDGAR sinceJan 4, 19941
  • Filings1,593 in all: 4 (472), 8-K (319), 424B3 (114), SC 13D/A (103), 10-Q (89), DFAN14A (49), SC 13G/A (33), DEF 14A (30)1
    All 65 form types

    EFFECT (24), 10-K (22), POS AM (22), SC 13D (19), 3 (17), 4/A (17), CORRESP (17), ARS (16), SC TO-T/A (16), DEFA14A (14), S-3 (14), UPLOAD (14), 8-K/A (12), 424B5 (11), 425 (11), 10-K/A (10), SC 13G (10), S-3/A (9), S-8 (9), NT 10-K (8), S-4 (8), 10-K405 (7), 5 (7), S-3ASR (7), 144 (6), S-4/A (6), S-8 POS (5), 10-Q/A (4), NT 10-Q (4), SC 14D9/A (4), PRE 14A (3), 10-K405/A (2), FWP (2), POSASR (2), RW (2), SC TO-T (2), 15-12G (1), 25-NSE (1), 5/A (1), DEFC14A (1), DEFM14A (1), DEFR14A (1), DFRN14A (1), NO ACT (1), PREC14A (1), PREM14A (1), PREN14A (1), PRRN14A (1), S-1 (1), SC 14D9 (1), SC TO-C (1), SC TO-I (1), SC TO-I/A (1), SC14D9C (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1), T-3 (1)

  • Latest filingsAnnual report (10-K) Feb 16, 2024
    Quarterly report (10-Q) Aug 2, 2024
    Proxy statement (DEF 14A) Jul 10, 2024
    Latest 8-K (8-K) Oct 7, 2024

Sources

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