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Boyd Gaming BYD Corporate — CapEx

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Other financials

Income statement

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Revenue$1.0B0.0%
Operating income$200.7M-17.2%
Net income$131.2M-13.4%
EPS (diluted)$1.75-4.9%

Balance sheet

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Cash & equivalents$372.7M+19.7%
Total debt$2.9B-30.7%
Total equity$2.5B+88.0%
Total assets$6.6B+2.2%

Cash flow

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Operating cash flow$134.3M-47.6%
CapEx$155.2M-8.7%
Free cash flow-$20.8M-124%

Valuation

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Market cap$6.13B-8.3%
Enterprise value$8.68B-6.4%
P/E3.4×-8.5×
P/S1.5×-0.2×

Profitability

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Operating margin16.4%-6.6pp
Net margin44.3%+30.3pp
FCF margin6.9%-5.3pp

Returns & leverage

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Return on equity94.6%+59.0pp
Debt / equity1.2×-2.0×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by Boyd Gaming in its filing.

Tagged under the XBRL concept byd:CapitalExpenditures.

The source filing: Boyd Gaming’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 4:05 PM EST
Fiscal year
FY2025
Accession
0001437749-26-004908
(In thousands)Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Downtown Las Vegas12,34212,04042,233
Midwest & South209,610228,457200,577
Online18742224
Managed & Other4,9515,0505,001
Corporate159,42290,95955,776
Total Capital Expenditures599,494407,730386,729
Change in Accrued Capital Expenditure Additions(11,279)(7,330)(12,779)
Cash-Based Capital Expenditures$588,215$400,400$373,950

Document

FAQ

What is Boyd Gaming's corporate — capex?
Boyd Gaming (BYD) reported corporate — capex of $39.86M in Q4 2025.
How has Boyd Gaming's corporate — capex changed year-over-year?
Boyd Gaming's corporate — capex increased by 75.3% year-over-year, from $22.74M to $39.86M.
What is the long-term trend for Boyd Gaming's corporate — capex?
Over 4 years (2021 to 2025), Boyd Gaming's corporate — capex has grown at a 33.7% compound annual growth rate (CAGR), from $49.95M to $159.42M.
What does corporate — capex mean?
This metric represents the cash outflows used by the corporate segment to acquire, upgrade, and maintain physical assets such as property, technology infrastructure, and corporate facilities. It reflects the organization's investment in long-term operational capacity and strategic improvements at the headquarters level. Monitoring this helps investors assess the company's commitment to sustaining its corporate support systems and infrastructure.

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