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

Boyd Gaming Corporation (BYD) Return on equity

Alert me on Return on equity

Boyd Gaming Corporation's return on equity over the twelve months to 30 September 2026 was 19.6%, down 68.4 percentage points from fiscal 2025 (88.0%). Over the past ten years it has ranged from −11.3% (fiscal 2020) to 88.0% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Resorts & Casinos industry median of 19.6% and above the Consumer Cyclical sector median of 3.20%.

Return on equity, annual

Embed this chart

Annual newest first

Period Return on equity Change (points)
FY2025 88.0% 53.24
FY2024 34.8% (2.43)
FY2023 37.2% (3.67)
FY2022 40.9% 6.02
FY2021 34.8% 46.12
FY2020 −11.3% (24.36)
FY2019 13.1% 2.82
FY2018 10.3% (8.39)
FY2017 18.7% (39.63)
FY2016 58.3% 48.29

Against its own ten years

Low −11.3% High 88.0%
Ten-year median 34.8%
Current reading's percentile 100

Return on equity against peers

Company Return on equity
RRR Red Rock Resorts, Inc. compare 38.0%
HGV Hilton Grand Vacations Inc. compare 27.7%
MTN Vail Resorts, Inc. compare 22.5%
MGM MGM Resorts International compare 20.2%
BYD Boyd Gaming Corporation 19.6%
PENN PENN Entertainment, Inc. compare −0.47%
VAC Marriott Vacations Worldwide Corporation compare −10.9%
CZR Caesars Entertainment, Inc. compare −14.4%
WYNN Wynn Resorts, Limited compare −35.5%
Resorts & Casinos industry median 19.6%
Consumer Cyclical sector median 3.20%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

More on BYD