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 invested capital

Alert me on Return on invested capital

Boyd Gaming Corporation's return on invested capital over the twelve months to 30 September 2026 was 9.42%, down 1.5 percentage points from fiscal 2025 (10.9%). Over the past ten years it has ranged from 0.20% (fiscal 2020) to 14.1% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Resorts & Casinos industry median of 6.38% and above the Consumer Cyclical sector median of 3.42%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 10.9% (2.18)
FY2024 13.1% 0.12
FY2023 13.0% (1.16)
FY2022 14.1% 0.76
FY2021 13.4% 13.15
FY2020 0.20% (6.00)
FY2019 6.20% 1.62
FY2018 4.58% (0.87)
FY2017 5.45% 1.33
FY2016 4.12% (0.59)

Against its own ten years

Low 0.20% High 14.1%
Ten-year median 6.20%
Current reading's percentile 64

Return on invested capital against peers

Company Return on invested capital
PENN PENN Entertainment, Inc. compare 24.8%
MGM MGM Resorts International compare 11.8%
BYD Boyd Gaming Corporation 9.42%
MTN Vail Resorts, Inc. compare 7.60%
WYNN Wynn Resorts, Limited compare 6.62%
HGV Hilton Grand Vacations Inc. compare 6.38%
CZR Caesars Entertainment, Inc. compare 4.13%
RRR Red Rock Resorts, Inc. compare 0.00%
VAC Marriott Vacations Worldwide Corporation compare −0.64%
Resorts & Casinos industry median 6.38%
Consumer Cyclical sector median 3.42%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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