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Boyd Gaming BYD Q4 2025 Annual earnings

Reported February 5, 2026 · After market close

Revenue$1.1BBeat by $42.2M
EPS$2.21Beat by $0.33
Revenue estimate$1.0B
EPS estimate$1.88

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$1.0B
EPS estimate$1.74

Financials

Q4 2025

Income statement

See full
Revenue$1.1B+2.0%
Operating income$166.4M-36.3%
Net income$140.4M-17.7%
EPS (diluted)$1.98+4.8%

Balance sheet

See full
Cash & equivalents$353.4M+11.6%
Total debt$2.7B-31.0%
Total equity$2.6B+64.9%
Total assets$6.6B+2.9%

Cash flow

See full
Operating cash flow$275.3M+5.0%
CapEx$148.3M+33.4%
Free cash flow$127.0M-15.9%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$6.66B+3.9%
Enterprise value$9.02B-10.1%
P/E3.6×-7.5×
P/S1.6×0.0×

Profitability

See full
Operating margin18.3%-5.3pp
Net margin45%+30.3pp
FCF margin9.5%-4.7pp

Returns & leverage

See full
Return on equity88%+53.2pp
Debt / equity1×-1.4×
Current ratio0.5×-0.4×

Segments

By product

See full
Casino$670.6M+1.9%
Online$602.3M+17.8%
Online Reimbusements$173.9M+36.1%
Food And Beverage$82.4M+1.5%
Occupancy$47.2M-10.7%

By segment

See full
Las Vegas Locals$227.2M-2.0%

Versus estimates

Revenue

Q2 2026$1.0BMiss by $3.3MQ1 2026$997.4MMiss by $5.1M
Q4 2025$1.1BBeat by $42.2M
Q3 2025$1.0BBeat by $129.3MQ2 2025$1.0BBeat by $153.6MQ1 2025$991.6MBeat by $18.9M

Diluted EPS

Q2 2026$1.93Beat by $0.04Q1 2026$1.60Miss by $0.16
Q4 2025$2.21Beat by $0.33
Q3 2025$1.72Beat by $0.10Q2 2025$1.87Beat by $0.20Q1 2025$1.62Beat by $0.10

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Questions, answered.

When did Boyd Gaming report Q4 2025 earnings?
Boyd Gaming (BYD) reported Q4 2025 earnings on February 5, 2026 after market close.
What were Boyd Gaming's Q4 2025 revenue and EPS?
Boyd Gaming reported revenue of $1.1B and eps of $2.21 for Q4 2025.
Did Boyd Gaming beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.0B by $42.2M. EPS beat the consensus estimate of $1.88 by $0.33.
How did Boyd Gaming's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.0% from $1.0B a year earlier and eps grew 12.8% from $1.96.
Where can I find Boyd Gaming's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001437749-26-003201) and the 10-K periodic report (0001437749-26-004908) directly on SEC EDGAR. The filing index links above go to sec.gov.