What is Boyd Gaming's net debt?

Boyd Gaming (BYD) reported net debt of $2.55B in Q1 2026.

How has Boyd Gaming's net debt changed year-over-year?

Boyd Gaming's net debt decreased by 34.7% year-over-year, from $3.91B to $2.55B.

What is the long-term trend for Boyd Gaming's net debt?

Over 5 years (2020 to 2025), Boyd Gaming's net debt has grown at a -11.4% compound annual growth rate (CAGR), from $4.32B to $2.36B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Boyd Gaming BYD Net debt

Discontinued — last reported Q1 '26

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Armstrong World IndustriesAWI

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LAD

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0.4×0.0×

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4.1×+0.4×

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1.5×+0.9×

Other financials

Income statement

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Revenue$997.4M+0.6%

Operating income$164.0M-18.0%

Net income$105.5M-5.3%

EPS (diluted)$1.37+4.6%

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$6.29B+13.9%

Enterprise value$8.84B-6.4%

P/E3.4×-6.6×

P/S1.5×+0.1×

Profitability

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Operating margin17.4%-5.5pp

Net margin44.8%+30.9pp

FCF margin6.9%-5.3pp

Returns & leverage

See full

Return on equity94.6%+59.0pp

Debt / equity1.2×-2.0×

Current ratio0.6×-0.2×

Where this comes from

Calculated from Boyd Gaming’s reported figures.

$2.9Btotal debt−$372.7Mcash and equivalents=$2.55B

The official record: Boyd Gaming’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boyd Gaming's net debt?: Boyd Gaming (BYD) reported net debt of $2.55B in Q1 2026.
How has Boyd Gaming's net debt changed year-over-year?: Boyd Gaming's net debt decreased by 34.7% year-over-year, from $3.91B to $2.55B.
What is the long-term trend for Boyd Gaming's net debt?: Over 5 years (2020 to 2025), Boyd Gaming's net debt has grown at a -11.4% compound annual growth rate (CAGR), from $4.32B to $2.36B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.