Boyd Gaming Corporation

Boyd Gaming Corporation

BYD
Boyd Gaming CorporationUS flagNew York Stock Exchange
83.27
USD
-0.01
- -
6.05BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
29.77
19.48
19.5
19.21
20.88
22.96
29.31
19.19
29.59
32.65
36.9
42.12
50.08
52.7
Basic EPS, GAAP
-0.83
-0.48
0.42
3.67
1.65
1.01
1.39
-1.19
4.07
5.87
6.12
6.19
22.56
23.37
Free Cash Flow per Basic Share
2.83
2.94
3.01
2.38
3.67
3.8
4.84
2.55
8.87
8.96
9.03
10.26
10.91
8.05
Dividend per Share
- -
- -
- -
- -
0.1
0.22
0.26
0.07
- -
0.44
0.63
0.67
0.71
0.74
Book Value per Share
4.35
4.01
4.55
8.27
9.74
10.25
11.34
10.05
13.82
15.47
18.01
18.35
34.16
34.2
Tangible Book Value per Share
-11.89
-10.81
-9.56
-6.86
-5.63
-12.38
-11.52
-10.99
-7.2
-8.46
-6.16
-8.9
2.3
0.29
Basic Weighted Avg Shares
97
110
113
115
115
114
113
114
114
109
101
93
82
78
Sales/Revenue/Turnover
2,894
2,142
2,199
2,199
2,401
2,627
3,326
2,178
3,370
3,555
3,738
3,930
4,092
4,098
Operating Margin (%)
9.97
10.38
13.17
13.58
14.3
13.56
14.21
8.67
26.95
28.75
27.01
23.87
21.43
18.71
Depreciation Expense
278
209
207
196
218
230
277
281
268
258
257
277
303
351
Net Income, GAAP
-80
-53
47
420
189
115
158
-135
464
639
620
578
1,843
1,817
Effective Tax Rate (%)
- -
- -
- -
- -
1.82
26.01
22.01
- -
23.2
22.86
17.65
23.14
21.07
20.95
Profit Margin (%)
-2.77
-2.48
2.15
19.11
7.89
4.38
4.74
-6.18
13.76
17.98
16.58
14.71
45.05
44.34
Working Capital
-119
-115
-98
-58
-57
-70
-157
126
-49
-108
-67
-61
-448
-141
LT Debt
4,353
3,375
3,240
3,199
3,052
3,955
4,579
4,716
3,806
3,764
3,583
3,784
2,600
3,139
Total Equity
650
438
508
934
1,097
1,146
1,265
1,124
1,539
1,591
1,744
1,582
2,608
2,497
Return on Invested Capital (%)
- -
- -
- -
- -
8.09
5.67
6.65
- -
12.21
14.4
15.18
13.14
12.78
10.62
Return on Capital (%)
- -
- -
- -
- -
8.62
5.72
6.19
- -
10.79
13.8
13.89
13.01
36.41
33.59
Return on Common Equity (%)
-20.75
-11.68
9.99
58.28
18.65
10.26
13.08
-11.28
34.84
40.86
37.19
34.76
87.98
93.33

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
112
113
120
LT Borrowings
2,046
2,272
2,614
LT Finance Leases
554
537
525
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
76
75
73
Market Capitalization
6,510
6,150
6,458

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
531
530
482
Cash, Cash Equivalents & STI
353
373
323
Accounts Receivable, Net
84
79
79
Inventories
20
20
19
Total Current Liabilities
979
883
623
Payables & Accruals
867
770
504
ST Debt
112
113
120
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.05%
21.1%
64.9%
Free Cash Flow
25.47%
47.54%
-6.83%
Net Income, GAAP
34.97%
-39.48%
218.93%
Sales/Revenue/Turnover
8.53%
14.92%
4.12%
Total Cash Common Dividend
- -
- -
-7.16%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
961
968
961
1,041
3,930
2025
992
1,034
1,004
1,062
4,092
2026
997
1,034
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.4
1.47
1.43
1.92
6.19
2025
1.31
1.84
17.81
1.79
22.56
2026
1.37
1.75
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.17
0.17
0.17
0.67
2025
0.17
0.18
0.18
0.18
0.71
2026
0.18
0.2
- -
- -
- -

Company Description

APIChatGPT
CEO
Keith E. Smith
Full Time Employees
16,009
Sector
Consumer Cyclical
Industry
Gambling, Resorts & Casinos
Address
6465 South Rainbow Boulevard Las Vegas NV United States of America 89118
IPO Date
Oct 15, 1993
Business
Boyd Gaming Corporation operates as a leading casino entertainment company in the United States, primarily engaged in owning and operating gaming properties, online casino gaming, and related hospitality services. Its core offerings include casino gaming facilities; hotel accommodations; food and beverage services; entertainment shows and events; and interactive online casino platforms through its subsidiary Boyd Interactive. Boyd Gaming’s gaming portfolio comprises 28 brick-and-mortar properties across ten states—Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania—and management of a tribal casino in Northern California. The company’s online segment delivers digital casino games and B2B iGaming solutions, including casino content, player account management, and integrated sports betting platforms, with notable brands like Stardust Casino and Resorts Online Casino tailored to regional markets. Founded in 1975, Boyd Gaming is headquartered in Las Vegas, Nevada. Recent major developments include Boyd Gaming’s strategic sale of its 5% equity stake in sports betting operator FanDuel Group to Flutter Entertainment for $1.755 billion in July 2025. This transaction enabled Boyd to reduce debt and unlock significant unrealized value while extending market-access agreements with FanDuel through 2038, under which Boyd receives fixed fees from FanDuel’s online sports betting and casino operations in various states. The company also renewed its technology partnership with International Game Technology (IGT) through August 2028, ensuring continued use of IGT’s PlaySports platform to power its retail and mobile sports betting operations, particularly across Nevada and several Midwest states. In 2023, Boyd Gaming formed an exclusive partnership with HALO Networks to deploy advanced multi-carrier 5G mobile connectivity across its hotel and casino properties, enhancing wireless service capacity for customers and operations during major events. These initiatives reflect Boyd Gaming’s focus on digital growth, technology integration, and strategic alliances to strengthen its multi-channel gaming business. Boyd Gaming operates in casino and gaming entertainment, hospitality, and online iGaming segments, targeting recreational gamblers, tourists, and digital gaming customers. Geographically, its operations span key U.S. gaming markets, concentrated in regional and Las Vegas locals casinos, with expansion in online gaming and sports betting domains. The company also maintains relationships with tribal casinos and leverages its business through subsidiaries like Boyd Interactive in the digital space. Boyd Gaming’s strategic priorities emphasize multi-jurisdictional market presence, technological innovation in gaming and connectivity, and enhanced customer engagement across physical and digital platforms. This comprehensive business profile reflects Boyd Gaming Corporation’s established position as a diversified casino operator with a growing digital footprint and recent strategic moves to optimize its portfolio and capital structure through asset sales and partnerships. The company continues to adapt to evolving gaming and entertainment industry dynamics by integrating cutting-edge technology and expanding its geographic and service scope.

Company News

APIChatGPT
  • BOYD GAMING ANNOUNCES QUARTERLY DIVIDEND

  • Bank of America Corp DE Purchases 46,146 Shares of Boyd Gaming Corporation $BYD

  • Boyd Group Services Q2 Earnings Call Highlights

  • Boyd Group Services Inc. Reports Second Quarter 2026 Results

  • Is Boyd Gaming Worth Buying as Growth Projects Lift Execution Risk?

  • Can Boyd Gaming's Raised Segment Outlook Offset Las Vegas Weakness?

  • Amundi Decreases Stock Holdings in Boyd Gaming Corporation $BYD

  • Empowered Funds LLC Grows Stake in Boyd Gaming Corporation $BYD

  • Sin Stocks: Why Investors Continue to Bet on Controversial Companies

  • Boyd Gaming: Not Every Catalyst Comes Overnight

  • Caxton Associates LLP Has $821,000 Stake in Boyd Gaming Corporation $BYD

  • Bank of New York Mellon Corp Sells 8,391 Shares of Boyd Gaming Corporation $BYD

  • Boyd Gaming: Strength Hiding Behind Las Vegas Weakness

  • Boyd Gaming Corporation (BYD) Q2 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Boyd (BYD) Q2 Earnings

  • Boyd Gaming (BYD) Q2 Earnings and Revenues Beat Estimates

  • Boyd Gaming Q2 Earnings Call Highlights

  • BOYD GAMING REPORTS SECOND-QUARTER 2026 RESULTS

  • Countdown to Boyd (BYD) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS

  • Boyd Gaming Has 17.2% Upside: Here's Why You Should Buy It Before July 23