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Boyd Gaming BYD Downtown Las Vegas — 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
Capital Expenditures
Las Vegas Locals$212,982$71,182$82,918
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

Document

FAQ

What is Boyd Gaming's downtown las vegas — capex?
Boyd Gaming (BYD) reported downtown las vegas — capex of $3.09M in Q4 2025.
How has Boyd Gaming's downtown las vegas — capex changed year-over-year?
Boyd Gaming's downtown las vegas — capex increased by 2.5% year-over-year, from $3.01M to $3.09M.
What is the long-term trend for Boyd Gaming's downtown las vegas — capex?
Over 4 years (2021 to 2025), Boyd Gaming's downtown las vegas — capex has grown at a -24.0% compound annual growth rate (CAGR), from $36.95M to $12.34M.
What does downtown las vegas — capex mean?
Measures the cash outflows used by the Downtown Las Vegas segment to acquire, upgrade, or maintain physical assets such as casino facilities, hotel rooms, and gaming equipment. This metric is a key indicator of the company's commitment to property reinvestment and long-term asset quality. High levels of expenditure often signal planned growth or necessary facility modernization.

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