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BOYD GAMING CORP

BYD

$77.06 ▼ -0.64 (-0.82%) at close

18 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

BOYD GAMING CORP shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $6.3B

Dividend Yield 0.93%

Revenue Growth 4.1% ↘

Op. Margin 18.3% ↘

ROIC 12.7% ↘

FCF / Share $4.75 ↘

Trailing P/E 3.4x

Price / Book 2.3x

FCF Yield 6.2%

Debt / Equity 0.78

info Valuation on last close. End-of-day price, Nov 5, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$4.09B

↑ +4.1% —

Net Income Profit after all expenses

$1.84B

↑ +218.9% —

Operating Margin Operating profit as % of sales

18.3%

↓ -22.5% 72th

FCF / Share Free cash flow per share

$4.75

↓ -20.3% —

Long-Term Debt Long-term obligations

$2.05B

↓ -35.6% —

trending_up

Bullish Indicators

Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Returns ↑

Financial Health →

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$0.72 Latest / share

+5.9% YoY

$0.00

FY 2014

$0.00

FY 2015

$0.00

FY 2016

$0.15

FY 2017

$0.23

FY 2018

$0.27

FY 2019

FY 2020

FY 2021

$0.60

FY 2022

$0.64

FY 2023

$0.68

FY 2024

$0.72

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	4.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-41%)	5.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-27%)	5.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-26%)	5.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-21%)	54.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+681%)	-34.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-593%)	26.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+280%)	9.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+34%)	9.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+42%)	-0.7% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-110%)	-18.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-365%)	-6.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-195%)	16.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+137%)	6.3% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	9.1% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+30%)	30.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+335%)	—	—
EPS Growth YoY (%)	264.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	1.1% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	4.3% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	44.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	37.6% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-38.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-54.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	769.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	42.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	92.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-25825.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	140.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	218.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-6.8% Weak ↓ Weak Declining Year-over-year change in net income	-3.0% Weak Weak Year-over-year change in net income	37.8% Excellent Excellent Year-over-year change in net income	N/M	N/M	37.0% Excellent ↓ Excellent Declining Year-over-year change in net income	-39.3% Weak ↓ Weak Declining Year-over-year change in net income	-54.7% Weak ↓ Weak Declining Year-over-year change in net income	785.0% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	33.9% Excellent ↑ Excellent Improving Year-over-year change in net income	91.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-23482.4% Weak Weak Year-over-year change in net income	N/M	143.1% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-20.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	11.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	-17.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-8.8% Weak Weak Year-over-year change in free cash flow	609.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—	62.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-27.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	9.4% Fair Fair Year-over-year change in free cash flow	15.8% Good Good Year-over-year change in free cash flow	—	—	-14.7% Weak Weak Year-over-year change in free cash flow	128.7% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	4.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	19.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	2.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	8.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-3.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	6.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-3.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-9.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.0% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.6% Good Good Compound annual revenue growth over 3 years	14.8% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	13.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	3.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	7.3% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	8.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	-0.2% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	4.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-1.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-1.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.5% Weak Weak Compound annual revenue growth over 5 years	10.5% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	56.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	15.0% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	—	61.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	59.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	-27.5% Weak Weak Compound annual EPS growth over 3 years	34.0% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	18.3% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	23.6% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	24.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+101%)	27.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+130%)	26.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+123%)	0.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	14.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	13.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	14.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	11.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	12.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	9.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	9.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	-34.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-385%)	10.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	8.8% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	9.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	—
Effective Tax Rate (%) (%)	21.1% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.9% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.2% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.2% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.0% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2472.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-163.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.4% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-27.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.2% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.2% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	45.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+463%)	14.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	16.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+107%)	18.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+125%)	13.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	-6.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-177%)	4.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	4.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	7.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	19.1% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+139%)	2.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	-2.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-125%)	-2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-135%)	-36.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-558%)	-0.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	0.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	0.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	—
FCF Margin (%) (%)	9.5% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.2% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.5% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	9.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.5% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	8.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.1% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	9.0% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	5.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.21x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.96x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.75x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.85x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	1.23x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	4.12x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-3.27x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.65x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.02x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-43.15x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	18.76x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	19.90x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	12.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	15.0% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	15.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	15.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	0.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	7.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.1% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	162.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.9% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-13.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	2.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	11.4% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	14.5% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	14.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	15.5% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	0.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.2% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-13.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	3.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	70.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+253%)	36.5% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+83%)	35.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+78%)	40.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+101%)	30.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+51%)	-12.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-160%)	12.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	10.0% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	17.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	44.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+124%)	9.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	-12.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-161%)	-17.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-185%)	-299.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1596%)	-0.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	0.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.78x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	2.01x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+151%)	1.67x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+109%)	1.89x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+136%)	1.97x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+146%)	3.47x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+333%)	2.98x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+272%)	3.47x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+334%)	2.78x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+248%)	3.42x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+328%)	6.38x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+697%)	7.71x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+863%)	9.26x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1058%)	15.89x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1887%)	2.78x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+248%)	2.69x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+236%)	—	—
Interest Coverage (x)	4.96x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.36x Good → Good Stable Operating income divided by interest expense Optimal: > 5x	5.41x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	6.49x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.51x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.06x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.99x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.74x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.99x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.23x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.21x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.89x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.81x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2.93x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.93x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.05x Weak Weak Operating income divided by interest expense Optimal: > 5x	1.06x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.69B	$2.86B	$2.61B	$2.72B	$2.69B	$3.38B	$3.52B	$3.73B	$2.85B	$3.01B	$3.08B	$3.23B	$4.18B	$4.64B	$3.17B	$3.05B	$-93.20M	$-98.15M
Debt / EBITDA (x)	1.95x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.64x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.52x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.42x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.60x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	13.20x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.03x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.80x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.62x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.27x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.18x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.18x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.53x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-7.42x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.90x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	16.86x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$50.08	$42.12	$36.90	$32.65	$29.59	$19.19	$29.31	$22.96	$20.88	$19.07	$19.50	$24.56	$29.77	—	$26.77	$24.72	$18.99	—
Basic EPS, GAAP (USD)	$22.56	$6.19	$6.12	$5.87	$4.07	$-1.19	$1.39	$1.01	$1.65	$3.65	$0.42	$-0.48	$-0.83	$-10.37	$-0.04	$0.12	$0.05	—
Free Cash Flow per Share (USD)	$4.75	$5.97	$5.33	$6.49	$7.12	$1.00	—	—	$2.02	$1.24	$1.73	$1.58	$1.36	—	$1.91	$2.23	$0.98	—
Dividend per Share (USD)	$0.72	$0.68	$0.64	$0.60	—	—	$0.27	$0.23	$0.15	$0.00	$0.00	$0.00	$0.00	$0.00	—	—	—	—
Book Value per Share (USD)	$34.16	$18.35	$18.01	$15.47	$13.82	$10.05	$11.34	$10.25	$9.74	$8.27	$4.55	$4.01	$4.35	$3.51	$13.89	$13.79	—	—
Tangible Book Value per Share (USD)	$2.30	$-8.90	$-6.16	$-8.46	$-7.20	$-10.99	$-11.52	$-12.38	$-5.63	$-6.86	$-9.56	$-10.81	$-11.89	$-17.45	$4.79	$5.05	—	—
Basic Weighted Avg Shares (shares)	81.70M	93.31M	101.33M	108.89M	113.87M	113.52M	113.47M	114.40M	114.96M	114.51M	112.79M	109.98M	97.24M	—	87.26M	86.60M	86.43M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	9.1% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$-448.49M	$-61.18M	$-67.01M	$-107.91M	$-49.24M	$126.25M	$-157.40M	$-69.95M	$-56.81M	$-57.56M	$-97.84M	$-115.25M	$-119.18M	$-394.97M	$-129.13M	$-109.75M	—	—
LT Debt (USD)	$2.05B	$3.18B	$2.92B	$3.01B	$3.03B	$3.90B	$3.77B	$3.98B	$3.05B	$3.20B	$3.24B	$3.38B	$4.35B	$4.83B	$3.35B	$3.19B	—	—
Total Equity (USD)	$2.61B	$1.58B	$1.74B	$1.59B	$1.54B	$1.12B	$1.27B	$1.15B	$1.10B	$934.08M	$507.96M	$438.04M	$469.99M	$303.79M	$1.20B	$1.19B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$4.09B	$3.93B	$3.74B	$3.56B	$3.37B	$2.18B	$3.33B	$2.63B	$2.40B	$2.18B	$2.20B	$2.70B	$2.89B	$2.48B	$2.34B	$2.14B	$1.64B	—
Depreciation Expense (USD)	$302.71M	$276.64M	$256.78M	$258.18M	$267.79M	$281.03M	$276.57M	$229.98M	$199.30M	$179.60M	$179.90M	$218.60M	$232.00M	$199.50M	$190.60M	—	—	—
Net Income, GAAP (USD)	$1.84B	$577.95M	$620.02M	$639.38M	$463.85M	$-134.70M	$157.64M	$115.05M	$189.39M	$418.00M	$47.23M	$-53.04M	$-80.26M	$-908.87M	$-3.85M	$10.31M	$4.24M	—
Operating Cash Flow (USD)	$976.68M	$957.08M	$914.52M	$976.11M	$1.01B	$289.03M	—	—	$422.55M	$302.88M	$325.75M	$322.86M	$277.04M	$147.17M	$253.51M	$269.39M	$241.96M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 18 years · 69 quarters

BOYD GAMING CORP

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