PRNewsWire·Jun 25, 2026
BOYD GAMING APPOINTS STACIA ANDERSEN, GEORGE ROETH TO BOARD OF DIRECTORSLAS VEGAS, June 25, 2026 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today announced the appointment of Stacia J. Andersen and George C.
Boyd Gaming Corporation(BYD)Earnings, Financials & Key Ratios
BYD•NYSE
$88.67
3.9× P/E·Price updated Jul 7, 2026
AboutBoyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.Show more
- Revenue$4.09B+4.1%
- EBITDA$1.18B-2.1%
- Net Income$1.84B+218.9%
- EPS (Diluted)22.56+264.5%
- Gross Margin42.14%-19.2%
- EBITDA Margin28.82%-5.9%
- Operating Margin21.43%-9.2%
- Net Margin45.05%+206.3%
- ROE88%+153.2%
BYD Price & Volume
Boyd Gaming Corporation (BYD) stock price & volume — 10-year historical chart
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Cyclical Headwinds Challenge Boyd Gaming Operational Stability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Capital intensity and cyclicality
Key Thesis Takeaways
- Boyd Gaming faces a challenging outlook as revenue growth decelerates to a marginal 0.6% in 2026Q1, signaling a potential end to post-pandemic demand tailwinds.
- The company's aggressive capital allocation, including $155 million in share repurchases despite negative free cash flow, appears to strain liquidity and balance sheet flexibility.
- Investors should monitor the sustainability of margins, which have contracted from 52.9% in 2023Q4 to 39.8% in 2026Q1, as the firm navigates increasing capital intensity and rising overhead costs.
Verdict Logic
Negative: The company's decision to deploy $155 million toward share buybacks during a period of negative free cash flow in 2026Q1 suggests an unsustainable capital allocation strategy that warrants caution.
BYD Growth Metrics
Boyd Gaming Corporation (BYD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.41%
5 Years13.44%
3 Years4.8%
TTM3.45%
Profit CAGR
10 Years44.26%
5 Years-
3 Years42.32%
TTM232.97%
EPS CAGR
10 Years48.94%
5 Years-
3 Years56.64%
TTM272.1%
Return on Capital
10 Years10.99%
5 Years15.94%
3 Years15.7%
Last Year15.06%
BYD Recent Earnings
Boyd Gaming Corporation (BYD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$1.60-6.4%
$1.71
Rev
$997M-0.5%
$1.0B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$2.21+17.6%
$1.88
Rev
$1.1B+4.1%
$1.0B
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$1.72+6.2%
$1.62
Rev
$1.0B+14.8%
$875M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$1.87+12.0%
$1.67
Rev
$1.0B+17.4%
$880M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $1.60vs $1.71-6.4% | $997Mvs $1.0B-0.5% |
| Q1 2026 | Feb 5, 2026 | $2.21vs $1.88+17.6% | $1.1Bvs $1.0B+4.1% |
| Q4 2025 | Oct 23, 2025 | $1.72vs $1.62+6.2% | $1.0Bvs $875M+14.8% |
| Q3 2025 | Jul 24, 2025 | $1.87vs $1.67+12.0% | $1.0Bvs $880M+17.4% |
Based on last 12 quarters of dataView full earnings history →
Latest BYD News
Recent stock market news and headlines for Boyd Gaming Corporation (BYD)
24/7 Wall Street·Jun 22, 2026
Here Are Monday's Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Lauder, Hut 8, Incyte, SpaceX, and MoreFutures are trading mixed as we prepare to finish the last full week of the second quarter.
Peers Comparison
Key metrics vs top competitors for Boyd Gaming Corporation (BYD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $88.67 | $6.59B | 3.93 | 4.12% | 45.05% | 88% | 0.8% | |
| $30.35 | $6.18B | -12.54 | 2.14% | -4.19% | -12.62% | — | |
| $46.64 | $11.93B | 61.37 | 1.72% | 1.03% | 5.3% | — | |
| $318.31 | $12.52B | 70.42 | 17.5% | 11.76% | 12.32% | — | |
| $20.78 | $2.78B | -3.56 | 5.82% | -13.54% | -44.61% | — | |
| $66.16 | $3.88B | 21.21 | 3.74% | 9.21% | 61.67% | — |
Compare BYD vs Peers
Boyd Gaming Corporation (BYD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BYD SEC Filings & Documents
Boyd Gaming Corporation (BYD) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
May 7, 2026·SEC
Material company update
Apr 23, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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BYD Frequently Asked Questions
Boyd Gaming Corporation (BYD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Boyd Gaming Corporation's revenue?
Boyd Gaming Corporation (BYD) reported $4.10B in revenue for fiscal year 2025. This represents a 428% increase from $775.9M in 1995.
How fast is Boyd Gaming Corporation growing?
Boyd Gaming Corporation (BYD) grew revenue by 4.1% over the past year. Growth has been modest.
Is BYD profitable?
Yes, Boyd Gaming Corporation (BYD) is profitable, generating $1.84B in net income for fiscal year 2025 (45.0% net margin).
Dividend & Returns
Does BYD pay dividends?
Yes, Boyd Gaming Corporation (BYD) pays a dividend with a yield of 0.80%. This makes it attractive for income-focused investors.
What is BYD's return on equity?
Boyd Gaming Corporation (BYD) has a return on equity (ROE) of 88.0%. This is excellent, indicating efficient use of shareholder capital.
What is Boyd Gaming Corporation's free cash flow?
Boyd Gaming Corporation (BYD) generated $281.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.