BYD · Boyd Gaming Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $997.36M | - | $961.25M | $967.51M | $960.52M | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $109.98M | - | $104.00M | $110.06M | $107.85M | - | $102.39M | $105.13M | $108.18M | - |
| Total Operating Expenses | $833.36M | - | $864.60M | $791.63M | $791.68M | - | $741.26M | $740.41M | $741.14M | - |
| D&A | $94.99M | - | $73.75M | $69.98M | $68.22M | - | $70.34M | $65.68M | $62.91M | - |
| Operating Income | $163.99M | - | $139.76M | $242.37M | $199.89M | - | $219.99M | $227.11M | $219.38M | - |
| Interest Expense | $28.45M | - | $33.26M | $50.57M | $42.31M | - | $42.35M | $42.95M | $42.31M | - |
| Income Tax | $32.72M | - | $403.20M | $42.76M | $41.27M | - | $42.85M | $44.66M | $41.00M | - |
| Net Income | $105.54M | - | $1.44B | $151.46M | $111.42M | - | $131.13M | $139.84M | $136.47M | - |
| EPS - Basic | $1.37 | - | $17.81 | $1.84 | $1.31 | - | $1.43 | $1.47 | $1.40 | - |
| EPS - Diluted | $1.37 | - | $17.81 | $1.84 | $1.31 | - | $1.43 | $1.47 | $1.40 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $372.72M | $353.41M | $319.07M | $320.11M | $311.50M | $316.69M | $286.28M | $280.78M | $283.55M | $304.27M |
| Accounts Receivable | $78.75M | $84.35M | $82.22M | $115.40M | $109.95M | $132.27M | $103.47M | $109.74M | $118.90M | $137.89M |
| Inventory | $19.69M | $20.19M | $20.93M | $21.64M | $20.74M | $21.23M | $20.41M | $21.18M | $20.44M | $20.69M |
| Accounts Payable | $137.50M | $151.29M | $131.40M | $126.51M | $127.52M | $131.26M | $118.69M | $128.40M | $106.41M | $124.67M |
| Current Assets | $530.00M | $530.73M | $495.58M | $540.00M | $502.38M | $561.51M | $501.87M | $487.06M | $480.43M | $529.32M |
| Total Assets | $6.61B | $6.57B | $6.51B | $6.56B | $6.47B | $6.39B | $6.30B | $6.26B | $6.23B | $6.27B |
| Current Liabilities | $882.96M | $979.22M | $963.38M | $628.78M | $630.33M | $622.68M | $610.52M | $589.10M | $600.39M | $596.32M |
| Long-term Debt | $2.27B | $2.05B | $1.89B | $3.52B | $3.47B | $3.13B | $3.02B | $2.92B | $2.82B | $2.87B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.54B | $2.61B | $2.67B | $1.39B | $1.35B | $1.58B | $1.63B | $1.71B | $1.75B | $1.74B |
| Retained Earnings | $2.54B | $2.61B | $2.67B | $1.39B | $1.35B | $1.58B | $1.63B | $1.71B | $1.76B | $1.74B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $134.34M | - | - | - | $256.39M | - | - | - | $250.73M | - |
| Investing Cash Flow | ($156.19M) | - | - | - | ($250.42M) | - | - | - | ($90.33M) | - |
| Financing Cash Flow | $41.43M | - | - | - | ($10.53M) | - | - | - | ($180.19M) | - |
| CapEx | $155.18M | - | - | - | $169.89M | - | - | - | $89.64M | - |
| Free Cash Flow | ($20.84M) | - | - | - | $86.50M | - | - | - | $161.08M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 16.4% | - | 14.5% | 25.1% | 20.8% | - | - | - | - | - |
| EBITDA margin | 26.0% | - | 22.2% | 32.3% | 27.9% | - | - | - | - | - |
| Net margin | 10.6% | - | 149.8% | 15.7% | 11.6% | - | - | - | - | - |
| Free cash flow margin | -2.1% | - | - | - | 9.0% | - | - | - | - | - |
| FCF / Net income | -0.20 | - | - | - | 0.78 | - | - | - | 1.18 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.0% | - | 10.8% | 11.4% | 11.2% | - | - | - | - | - |
| Effective tax rate | 23.7% | - | 21.9% | 22.0% | 27.0% | - | 24.6% | 24.2% | 23.1% | - |
| Return on assets | 1.6% | - | 22.1% | 2.3% | 1.7% | - | 2.1% | 2.2% | 2.2% | - |
| Return on equity | 4.2% | - | 54.0% | 10.9% | 8.3% | - | 8.0% | 8.2% | 7.8% | - |
| Return on invested capital | 2.6% | - | 2.4% | 3.8% | 3.0% | - | 3.6% | 3.7% | 3.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.60 | 0.54 | 0.51 | 0.86 | 0.80 | 0.90 | 0.82 | 0.83 | 0.80 | 0.89 |
| Quick ratio | 0.58 | 0.52 | 0.49 | 0.82 | 0.76 | 0.87 | 0.79 | 0.79 | 0.77 | 0.85 |
| Cash ratio | 0.42 | 0.36 | 0.33 | 0.51 | 0.49 | 0.51 | 0.47 | 0.48 | 0.47 | 0.51 |
| Leverage | ||||||||||
| Debt / Equity | 0.90 | 0.78 | 0.71 | 2.53 | 2.57 | 1.98 | 1.85 | 1.70 | 1.61 | 1.65 |
| Debt / Assets | 0.34 | 0.31 | 0.29 | 0.54 | 0.54 | 0.49 | 0.48 | 0.47 | 0.45 | 0.46 |
| Debt / EBITDA | 8.77 | - | 8.86 | 11.28 | 12.95 | - | 10.42 | 9.96 | 10.00 | - |
| Interest coverage | 5.8x | - | 4.2x | 4.8x | 4.7x | - | 5.2x | 5.3x | 5.2x | - |
| Equity multiplier | 2.61 | 2.52 | 2.44 | 4.71 | 4.79 | 4.04 | 3.86 | 3.66 | 3.55 | 3.60 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.15 | 0.15 | 0.15 | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 29d | - | 31d | 44d | 42d | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 60.0x | - | 4.9x | 42.5x | 50.3x | - | 45.2x | 37.5x | 48.1x | - |
| P / B | 2.5x | - | 2.6x | 0.0x | 4.2x | - | 0.0x | 0.0x | 3.7x | - |
| P / S | 6.3x | - | 7.3x | 0.0x | 5.8x | - | - | - | - | - |
| EV / EBITDA | 31.7x | - | 40.1x | 10.3x | 32.7x | - | 9.5x | 9.0x | 32.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.8% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -18.0% | - | -36.5% | 6.7% | -8.9% | - | 1.0% | -6.9% | -23.0% | - |
| Net income growth (YoY) | -5.3% | - | 998.2% | 8.3% | -18.4% | - | -3.0% | -27.3% | -31.7% | - |
| EPS growth (YoY) | 4.6% | - | 1145.5% | 25.2% | -6.4% | - | 6.7% | -22.2% | -27.5% | - |
| EPS CAGR (3y) | -10.8% | - | 130.2% | 11.4% | -3.3% | - | 5.7% | 13.7% | 15.9% | - |
| EPS CAGR (5y) | 8.8% | - | 122.0% | - | - | - | 32.5% | 27.9% | - | - |
| FCF growth (YoY) | - | - | - | - | -46.3% | - | - | - | -13.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 16.6% | - |
| Book value growth (YoY) | 88.0% | 64.9% | 63.4% | -18.6% | -23.1% | -9.3% | -7.7% | -2.1% | 5.7% | 9.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.94B totalMidwest And South$2.12B · 53.7%
Las Vegas Locals$889.96M · 22.6%
Online$708.32M · 18.0%
Downtown Las Vegas$228.74M · 5.8%
Product / service
$4.19B totalCasino$2.64B · 63.0%
Online Reimbusements$576.16M · 13.7%
Food And Beverage$310.25M · 7.4%
Occupancy$191.29M · 4.6%
Product And Service Other$145.12M · 3.5%
Online$132.16M · 3.2%
Management Fee$98.87M · 2.4%
Management Service$98.87M · 2.4%
Peer comparison
Same SIC group: Hotels & Motels
Comparing BOYD GAMING CORP against the 5 most active filers in the same SIC group.
Dividends
$0.74/share trailing 12 months · +7.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 16, 2026 | $0.2000 |
| Dec 15, 2025 | $0.1800 |
| Sep 15, 2025 | $0.1800 |
| Jun 16, 2025 | $0.1800 |
| Mar 17, 2025 | $0.1800 |
| Dec 16, 2024 | $0.1700 |
| Sep 13, 2024 | $0.1700 |
| Jun 14, 2024 | $0.1700 |
| Mar 14, 2024 | $0.1700 |
| Dec 21, 2023 | $0.1600 |
| Sep 14, 2023 | $0.1600 |
| Jun 14, 2023 | $0.1600 |
| Mar 14, 2023 | $0.1600 |
| Dec 16, 2022 | $0.1500 |
| Sep 29, 2022 | $0.1500 |
| Jun 29, 2022 | $0.1500 |
| Mar 14, 2022 | $0.1500 |
| Dec 26, 2019 | $0.0700 |
| Sep 26, 2019 | $0.0700 |
| Jun 14, 2019 | $0.0700 |
| Mar 14, 2019 | $0.0600 |
| Dec 27, 2018 | $0.0600 |
| Sep 27, 2018 | $0.0600 |
| Jun 28, 2018 | $0.0600 |