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Boyd Gaming BYD Operating margin

Operating margin at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
5.7%-2.4pp
FLL
Full House ResortsFLL
-0.3%
PENN Entertainment, Inc. logo
PENN Entertainment, Inc.PENN
-7.9%
Caesars Entertainment, Inc. logo
Caesars Entertainment, Inc.CZR
15.9%-4.5pp
Red Rock Resorts, Inc. logo
Red Rock Resorts, Inc.RRR
29%-0.1pp
Wynn Resorts logo
Wynn ResortsWYNN
15.7%+0.9pp

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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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

Calculated from Boyd Gaming’s reported figures.

Based on trailing twelve months.

The source filing: Boyd Gaming’s 8-K, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:06 PM EDT
Accession
0001437749-26-024305

FAQ

What is Boyd Gaming's operating margin?
Boyd Gaming (BYD) reported operating margin of 16.4% in Q2 2026.
How has Boyd Gaming's operating margin changed year-over-year?
Boyd Gaming's operating margin decreased by 28.6% year-over-year, from 22.9% to 16.4%.
What is the long-term trend for Boyd Gaming's operating margin?
Over 5 years (2020 to 2025), Boyd Gaming's operating margin has grown at a 94.6% compound annual growth rate (CAGR), from 0.7% to 18.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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