Boyd Gaming Corporation | Mid-cap | Consumer Cyclical
$81.54
-2.21%
| Boyd Gaming Stock Comparison:
Boyd Gaming vs Las Vegas SandsBoyd Gaming vs Wynn ResortsBoyd Gaming vs MGM ResortsBoyd Gaming vs Red Rock ResortsBoyd Gaming vs Vail ResortsBoyd Gaming vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 991.6M
Gross Profit 504.3M 50.86%
Operating Income 232.2M 23.41%
Net Income 110.9M 11.18%
EPS (Diluted) $1.31

Balance Sheet Metrics

Total Assets 6.5B
Total Liabilities 5.1B
Shareholders Equity 1.4B
Debt to Equity 3.78

Cash Flow Metrics

Operating Cash Flow 221.4M
Free Cash Flow 86.5M

Revenue & Profitability Trend

Boyd Gaming Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 3.9B 3.7B 3.6B 3.4B 2.2B
Cost of Goods Sold i 1.9B 1.7B 1.6B 1.4B 1.0B
Gross Profit i 2.0B 2.0B 2.0B 1.9B 1.1B
Gross Margin % i 52.2% 54.0% 56.0% 57.5% 52.4%
Operating Expenses
Research & Development i 28.6M - - 31.8M -
Selling, General & Administrative i 538.6M 498.3M 480.6M 470.9M 452.3M
Other Operating Expenses i 267.7M 253.8M 229.4M 258.6M 219.1M
Total Operating Expenses i 834.9M 752.1M 710.0M 761.2M 671.4M
Operating Income i 938.3M 1.0B 1.0B 908.3M 189.0M
Operating Margin % i 23.9% 27.0% 28.7% 27.0% 8.7%
Non-Operating Items
Interest Income i 1.6M 23.9M 21.5M 1.8M 1.9M
Interest Expense i 177.4M 171.2M 151.2M 199.4M 230.5M
Other Non-Operating Income -10.5M -109.4M -63.5M -106.7M -131.4M
Pre-tax Income i 752.0M 752.9M 828.8M 603.9M -171.0M
Income Tax i 174.1M 132.9M 189.4M 140.1M -36.3M
Effective Tax Rate % i 23.1% 17.6% 22.9% 23.2% 0.0%
Net Income i 578.0M 620.0M 639.4M 463.8M -134.7M
Net Margin % i 14.7% 16.6% 18.0% 13.8% -6.2%
Key Metrics
EBITDA i 1.2B 1.3B 1.3B 1.2B 517.0M
EPS (Basic) i $6.19 $6.12 $5.87 $4.07 $-1.19
EPS (Diluted) i $6.19 $6.12 $5.87 $4.07 $-1.19
Basic Shares Outstanding i 93314000 101325000 108885000 113866000 113515000
Diluted Shares Outstanding i 93314000 101325000 108885000 113866000 113515000

Income Statement Trend

Boyd Gaming Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 316.7M 304.3M 283.5M 344.6M 519.2M
Short-term Investments i - - - - -
Accounts Receivable i 132.3M 137.9M 109.1M 89.5M 53.5M
Inventory i 21.2M 20.7M 22.2M 20.1M 22.6M
Other Current Assets 56.6M 59.3M 49.4M 41.1M 39.2M
Total Current Assets i 561.5M 529.3M 478.2M 507.8M 650.3M
Non-Current Assets
Property, Plant & Equipment i 735.6M 793.3M 830.3M 884.2M 928.8M
Goodwill i 3.3B 3.3B 3.5B 3.3B 3.3B
Intangible Assets i 1.4B 1.4B 1.4B 1.4B 1.4B
Long-term Investments - - - - -
Other Non-Current Assets 66.5M 67.8M 147.4M 98.2M 100.5M
Total Non-Current Assets i 5.8B 5.7B 5.8B 5.7B 5.9B
Total Assets i 6.4B 6.3B 6.3B 6.2B 6.6B
Liabilities
Current Liabilities
Accounts Payable i 131.3M 124.7M 129.9M 102.0M 96.9M
Short-term Debt i 146.9M 143.1M 133.1M 126.6M 121.2M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - 6.0M
Total Current Liabilities i 622.7M 596.3M 586.1M 557.0M 524.0M
Non-Current Liabilities
Long-term Debt i 3.8B 3.6B 3.8B 3.8B 4.7B
Deferred Tax Liabilities i 346.9M 288.8M 318.6M 264.9M 131.1M
Other Non-Current Liabilities 56.4M 61.3M 52.2M 57.6M 64.4M
Total Non-Current Liabilities i 4.2B 3.9B 4.1B 4.1B 4.9B
Total Liabilities i 4.8B 4.5B 4.7B 4.7B 5.4B
Equity
Common Stock i 862.0K 968.0K 1.0M 1.1M 1.1M
Retained Earnings i 1.6B 1.7B 1.3B 710.1M 246.2M
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 1.6B 1.7B 1.6B 1.5B 1.1B
Key Metrics
Total Debt i 3.9B 3.7B 3.9B 3.9B 4.8B
Working Capital i -61.2M -67.0M -107.9M -49.2M 126.3M

Balance Sheet Composition

Boyd Gaming Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 578.0M 620.0M 639.4M 463.8M -134.7M
Depreciation & Amortization i 276.6M 256.8M 258.2M 267.8M 281.0M
Stock-Based Compensation i 29.7M 32.4M 34.1M 37.8M 9.2M
Working Capital Changes i -109.7M -105.8M -94.3M -76.1M -45.6M
Operating Cash Flow i 937.1M 861.8M 971.6M 894.3M 150.2M
Investing Activities
Capital Expenditures i - - - - -
Acquisitions i -30.3M 0 -167.9M 0 -11.2M
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -33.5M 109.6M -153.2M 69.9M 3.8M
Financing Activities
Share Repurchases i -685.8M -412.7M -541.6M -80.8M -11.1M
Dividends Paid i -62.7M -63.6M -48.2M 0 -7.8M
Debt Issuance i 1.8B 1.5B 2.1B 900.0M 1.6B
Debt Repayment i -1.5B -1.6B -2.1B -1.8B -1.4B
Financing Cash Flow i -509.5M -637.2M -615.9M -1.1B -262.7M
Free Cash Flow i 556.7M 540.6M 707.0M 811.0M 114.0M
Net Change in Cash i 394.1M 334.1M 202.6M -122.8M -108.7M

Cash Flow Trend

Boyd Gaming Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 12.94
Forward P/E 12.96
Price to Book 4.83
Price to Sales 1.70
PEG Ratio 0.51

Profitability Ratios

Profit Margin 14.02%
Operating Margin 23.61%
Return on Equity 36.23%
Return on Assets 9.34%

Financial Health

Current Ratio 0.86
Debt to Equity 305.14
Beta 1.30

Per Share Data

EPS (TTM) $6.46
Book Value per Share $17.30
Revenue per Share $46.27

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
byd 6.7B 12.94 4.83 36.23% 14.02% 305.14
Las Vegas Sands 36.6B 26.40 18.04 54.15% 12.16% 693.25
Wynn Resorts 12.8B 36.36 -10.57 -51.73% 5.51% -10.07
MGM Resorts 9.0B 18.10 3.03 21.79% 3.14% 844.04
Red Rock Resorts 6.1B 19.65 16.61 129.06% 8.89% 1,149.62
Vail Resorts 5.7B 20.54 13.07 33.50% 9.45% 456.85

Financial data is updated regularly. All figures are in the company's reporting currency.