Boyd Gaming Corporation

Boyd Gaming Corporation

BYD
Boyd Gaming CorporationUS flagNew York Stock Exchange
87.46
USD
+0.91
- -
6.50BMarket 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
51.46
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
23.07
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
10.73
Dividend per Share
- -
- -
- -
- -
0.1
0.22
0.26
0.07
- -
0.44
0.63
0.67
0.71
0.72
Book Value per Share
-4.43
-4.4
-3.87
-0.16
1.44
2.22
3.37
2.18
6.25
11.82
17.22
16.97
31.95
31.87
Tangible Book Value per Share
-11.37
-10.74
-9.46
-6.76
-5.51
-12.09
-11.32
-10.83
-7.03
-7.99
-5.88
-8.22
2.14
1.32
Basic Weighted Avg Shares
97
110
113
115
115
114
113
114
114
109
101
93
82
80
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
19.73
Depreciation Expense
278
209
207
196
218
230
277
281
268
258
257
277
303
329
Net Income, GAAP
-80
-53
47
420
189
115
158
-135
464
639
620
578
1,843
1,837
Effective Tax Rate (%)
- -
- -
- -
- -
1.82
26.01
22.01
- -
23.2
22.86
17.65
23.14
21.07
20.83
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
44.84
Working Capital
-119
-115
-98
-58
-57
-70
-157
126
-49
-108
-67
-61
-448
-353
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
2,809
Total Equity
650
438
508
934
1,097
1,146
1,265
1,124
1,539
1,591
1,744
1,582
2,608
2,535
Return on Invested Capital (%)
- -
- -
- -
- -
8.09
5.67
6.65
- -
12.21
14.4
15.18
13.14
12.78
11.59
Return on Capital (%)
- -
- -
- -
- -
11.14
7.12
7.37
- -
12.69
15.39
14.29
13
36.4
35.39
Return on Common Equity (%)
- -
- -
- -
- -
- -
54.78
49.53
-42.8
96.78
64
40.9
34.72
87.9
94.49

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
107
112
113
LT Borrowings
1,893
2,046
2,272
LT Finance Leases
568
554
537
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
79
76
75
Market Capitalization
7,289
6,966
6,544

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
496
531
530
Cash, Cash Equivalents & STI
319
353
373
Accounts Receivable, Net
82
84
79
Inventories
21
20
20
Total Current Liabilities
963
979
883
Payables & Accruals
856
867
770
ST Debt
107
112
113
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Keith E. Smith
Full Time Employees
16,129
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

MCPAPIChat
  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: Boyd Gaming, Chipotle Mexican Grill, Conagra, Dollar General, MGM Resorts International, Omnicom Group, Yum! Brands, and More

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  • Boyd Group Services Inc. Election of Directors

  • Boyd Group Services Inc. (BYD:CA) Q1 2026 Earnings Call Transcript

  • Boyd Group Services Inc. Reports Record First Quarter 2026 Sales of $996.7 Million and Adjusted EBITDA of $122.4 Million, Driven by Continued Market Share Gains through Same-Store Sales Growth and Completion of Strategic Acquisition

  • BOYD GAMING ANNOUNCES QUARTERLY DIVIDEND

  • ZCG-Backed Apex Hospitality's Daily Racing Form Expands Print Distribution Through Agreements with American Wagering and Boyd Gaming

  • Boyd Gaming: Talking With The Bears

  • Notice of Boyd Group Services Inc. 2026 First Quarter Results Conference Call

  • Boyd Gaming Will Remain A Value Trap Until Las Vegas Bounces Back

  • Boyd Gaming Q1 Results: A Rare But Non-Threatening Double Miss

  • These Analysts Revise Their Forecasts On Boyd Gaming After Q1 Results

  • Boyd (BYD) Reports Q1 Earnings: What Key Metrics Have to Say

  • Boyd Gaming Corporation (BYD) Q1 2026 Earnings Call Transcript

  • Boyd Gaming (BYD) Misses Q1 Earnings Estimates

  • BOYD GAMING REPORTS FIRST-QUARTER 2026 RESULTS

  • BOYD GROUP SERVICES INC. ANNOUNCES NEW CHIEF OPERATING OFFICER FOR THE U.S. COLLISION BUSINESS AND NEW CHIEF COMMERCIAL OFFICER

  • Unveiling Boyd (BYD) Q1 Outlook: Wall Street Estimates for Key Metrics