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Friday 6 November 2026 Export BYD’s income statement to Excel — free account

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

77.24 0.46 −0.59%
Market cap
$5.5B
P/E
11.7×
Fwd P/E
10.8×
Dividend yield
1.01%
F-score
6/9
Altman Z
2.53
Beneish M
−2.08
Dividend safety
70/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Boyd Gaming Corporation (BYD) Operating margin

Alert me on Operating margin

Boyd Gaming Corporation's operating margin over the twelve months to 30 September 2026 was 17.8%, down 0.5 percentage points from fiscal 2025 (18.3%). Over the past ten years it has ranged from 0.65% (fiscal 2020) to 27.6% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Resorts & Casinos industry median of 12.2% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 18.3% (5.32)
FY2024 23.6% (0.51)
FY2023 24.1% (3.48)
FY2022 27.6% 0.89
FY2021 26.7% 26.06
FY2020 0.65% (13.56)
FY2019 14.2% 0.68
FY2018 13.5% (0.79)
FY2017 14.3% 2.48
FY2016 11.8% (0.49)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 19.7% 0.28
Jun 2026 19.4% 2.96
Mar 2026 16.4% 0.77
Dec 2025 15.7% 1.75
43 more quarters

Against its own ten years

Low 0.65% High 27.6%
Ten-year median 14.3%
Current reading's percentile 56

Operating margin against peers

Company Operating margin
RRR Red Rock Resorts, Inc. compare 22.3%
BYD Boyd Gaming Corporation 17.8%
CZR Caesars Entertainment, Inc. compare 15.4%
HGV Hilton Grand Vacations Inc. compare 15.0%
MTN Vail Resorts, Inc. compare 14.8%
WYNN Wynn Resorts, Limited compare 14.2%
MGM MGM Resorts International compare 7.04%
PENN PENN Entertainment, Inc. compare 4.65%
VAC Marriott Vacations Worldwide Corporation compare −1.35%
Resorts & Casinos industry median 12.2%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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