Boyd Gaming Corporation
BYD Consumer Cyclical Resorts & Casinos
Boyd Gaming Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 4.12% from fiscal 2024.
- Revenue
- −1.38%
- EPS
- −90.4%
- Free cash flow
- +6.74%
- Total debt
- +41.4%
Quarter to September 2026, against a year earlier
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Boyd Gaming Corporation (BYD) EV/EBITDA
As of 5 November 2026, Boyd Gaming Corporation (BYD) trades at a EV/EBITDA of 7.3×. Over the past ten years it has ranged from 5.8× (March 2020) to 29.8× (March 2021); the current reading is higher than 12% of that period. That is below the Resorts & Casinos industry median of 8.9× and below the Consumer Cyclical sector median of 9.8×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 8.2× | 3.47% |
| FY2024 | 7.9× | 2.07% |
| FY2023 | 7.8× | 11.90% |
| FY2022 | 7.0× | (19.16%) |
| FY2021 | 8.6× | (62.09%) |
| FY2020 | 22.7× | 149.60% |
| FY2019 | 9.1× | (11.19%) |
| FY2018 | 10.2× | (14.19%) |
| FY2017 | 11.9× | 4.99% |
| FY2016 | 11.4× | 6.43% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Sep 2026 | 6.6× | (24.04%) |
| Jun 2026 | 8.6× | 10.02% |
| Mar 2026 | 7.9× | (4.32%) |
| Dec 2025 | 8.2× | 8.91% |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| VAC Marriott Vacations Worldwide Corporation compare | n/m |
| PENN PENN Entertainment, Inc. compare | n/m |
| MGM MGM Resorts International compare | 4.8× |
| BYD Boyd Gaming Corporation | 7.3× |
| CZR Caesars Entertainment, Inc. compare | 8.2× |
| HGV Hilton Grand Vacations Inc. compare | 8.5× |
| RRR Red Rock Resorts, Inc. compare | 9.2× |
| WYNN Wynn Resorts, Limited compare | 9.7× |
| MTN Vail Resorts, Inc. compare | 11.8× |
| Resorts & Casinos industry median | 8.9× |
| Consumer Cyclical sector median | 9.8× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on BYD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement