What is Boyd Gaming's net margin?

Boyd Gaming (BYD) reported net margin of 44.8% in Q1 2026.

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

Boyd Gaming's net margin increased by 221.2% year-over-year, from 14% to 44.8%.

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

Over 5 years (2020 to 2025), Boyd Gaming's net margin has grown at a 48.8% compound annual growth rate (CAGR), from -6.2% to 45%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Boyd Gaming BYD Net margin

Net margin at other companies

MGM Resorts InternationalMGM

1%-2.9pp

Wynn ResortsWYNN

5.1%-1.0pp

Las Vegas SandsLVS

13.4%+1.8pp

DraftKings Inc.DKNG

0.9%+0.5pp

Flutter EntertainmentFLUT

-3.2%-7.9pp

Gaming and Leisure PropertiesGLPI

55.1%+5.1pp

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

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

Calculated from Boyd Gaming’s reported figures.

net income/total revenue=44.8%

Based on trailing twelve months.

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 margin?: Boyd Gaming (BYD) reported net margin of 44.8% in Q1 2026.
How has Boyd Gaming's net margin changed year-over-year?: Boyd Gaming's net margin increased by 221.2% year-over-year, from 14% to 44.8%.
What is the long-term trend for Boyd Gaming's net margin?: Over 5 years (2020 to 2025), Boyd Gaming's net margin has grown at a 48.8% compound annual growth rate (CAGR), from -6.2% to 45%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.