Boyd Gaming Corporation (BYD) vs MGM Resorts International (MGM)

Boyd Gaming Corporation and MGM Resorts International are both Resorts & Casinos companies. MGM Resorts International is the larger, with a market value of $8.2B against $5.5B — 1.5× the size. MGM Resorts International trades at the lower P/E: 11.2× against 11.7×. MGM Resorts International grew revenue faster over the last twelve months: 2.57% against 0.33%. Boyd Gaming Corporation has the higher net margin (12.3% vs 3.87%) and the lower return on invested capital (9.42% vs 11.8%). Across the 21 metrics below, MGM Resorts International leads on 13 and Boyd Gaming Corporation on 8.

Valuation

Metric BYD MGM Resorts & Casinos median
P/E 11.67 11.24 16.84
P/S 1.38 0.46 0.57
P/B 2.31 2.43 2.02
Price to free cash flow 137.27 4.24 10.86
EV/EBITDA 7.28 4.83 8.92
EV/Sales 1.96 0.68 1.79
Earnings yield 8.57% 8.90% 2.61%
Free cash flow yield 0.73% 23.58% 7.35%

Profitability

Metric BYD MGM Resorts & Casinos median
Gross margin 49.13% 43.62% 47.52%
Operating margin 17.77% 7.04% 12.21%
Net margin 12.29% 3.87% 3.87%
Free cash flow margin 1.01% 10.87% 5.15%
Return on equity 19.64% 20.22% 19.64%
Return on assets 7.62% 1.70% 1.70%
Return on invested capital 9.42% 11.75% 6.38%

Growth

Metric BYD MGM Resorts & Casinos median
Revenue growth (TTM) 0.33% 2.57% 3.08%
EPS growth (last fiscal year) 264.46% (68.33%) 3.45%
Revenue growth, 5-year CAGR 13.44% 27.71% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BYD MGM Resorts & Casinos median
Debt to equity 1.09 1.68 0.06
Current ratio 0.33 1.24 0.91
Net debt to EBITDA 1.59 1.79 4.00

Dividend

Metric BYD MGM Resorts & Casinos median
Dividend yield 1.01% — 1.98%
Payout ratio 0.12 — 0.49

Size

Metric BYD MGM Resorts & Casinos median
Market cap 5.45b 8.23b 3.32b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack