Boyd Gaming (BYD) Financials: Revenue & Earnings

BYD price $71.61 +0.84 +1.19%

Ticker
BYD
Price
$71.61
Change
+0.84 +1.19%
Market cap ?
$5.20B
P/E ?
10.86
Forward P/E ?
10.05
Dividend yield ?
1.09%
Beta ?
1.13
Sector
Consumer Cyclical
Industry
Gambling, Resorts & Casinos
Stocklytics score
51
Value
58
Quality
35
Growth
61

Stocklytics score rationale: value 58, quality 35, growth 61.

Financials

2016201720182019202020212022202320242025
2199259000240081900026267300003326119000217849000033698100003555377000373849200039301940004091989000

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency. The company was formerly known as The Boyd Group and changed its name…

Fair value

BYD fair value $124.49. Price $71.61. Price is 42% below fair value.

Below fair value, but more expensive than usual. A smaller discount than on 73% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 495.24M. Growth 14.49%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.49% (beta 1.1). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 72.66M. Net debt 2.36B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare BYD

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-04—1.91—1.05B
2026-10-221.671.67990.46M1.00B
2026-07-231.931.891.03B1.04B
2026-04-231.601.71997.36M1.00B
2026-02-052.211.881.06B1.02B
2025-10-231.721.621.00B875.10M
2025-07-241.871.671.03B880.42M
2025-04-241.621.52991.57M972.62M
2025-02-061.961.751.04B1.00B
2024-10-241.521.38961.25M995.84M
2024-07-251.581.49967.51M909.06M
2024-04-251.511.57960.52M955.37M
2024-02-081.661.43954.41M929.97M
2023-10-241.361.47903.16M879.82M
2023-07-271.581.65916.95M912.46M
2023-04-251.711.49963.97M880.20M
2023-02-021.721.46922.92M878.34M
2022-10-251.481.32877.26M856.58M
2022-07-261.481.38894.45M870.39M
2022-04-261.401.23860.74M840.44M
2022-02-031.351.24879.84M838.27M
2021-10-261.301.25843.06M837.71M
2021-07-271.540.92893.60M721.20M
2021-04-270.930.44753.31M715.05M
2021-02-160.460.33635.87M521.74M
2020-10-260.380.20652.24M544.82M
2020-07-28-0.98-1.45209.86M314.79M
2020-04-28-0.020.23680.52M8.85B
2020-02-200.500.47833.13M783.14M
2019-10-220.390.39819.57M819.57M
2019-07-300.460.47846.13M864.53M
2019-04-250.430.42827.29M808.05M
2019-02-210.320.32791.62M791.62M
2018-10-250.230.23612.20M612.20M
2018-07-260.380.35616.79M568.11M
2018-04-260.390.35606.12M543.94M
2018-02-200.220.26595.09M730.35M
2017-10-260.220.25587.66M672.16M
2017-07-270.260.30599.87M766.74M
2017-05-020.320.31605.34M610.10M

Dividends

Yield 1.09%. Payout ratio 8.57%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 9% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 14 separate years. Yield is 1.1%, which is modest.

Ex-dateDividendRecordPaymentFrequency
2026-09-15$0.202026-09-152026-10-15Quarterly
2026-06-15$0.202026-06-152026-07-15Quarterly
2026-03-16$0.202026-03-162026-04-15Quarterly
2025-12-15$0.182025-12-152026-01-15Quarterly
2025-09-15$0.182025-09-152025-10-15Quarterly
2025-06-16$0.182025-06-162025-07-15Quarterly
2025-03-17$0.182025-03-172025-04-15Quarterly
2024-12-16$0.172024-12-162025-01-15Quarterly
2024-09-13$0.172024-09-152024-10-15Quarterly
2024-06-14$0.172024-06-152024-07-15Quarterly
2024-03-14$0.172024-03-152024-04-15Quarterly
2023-12-21$0.162023-12-222024-01-15Quarterly
2023-09-14$0.162023-09-152023-10-15Quarterly
2023-06-14$0.162023-06-152023-07-15Quarterly
2023-03-14$0.162023-03-152023-04-15Quarterly
2022-12-16$0.152022-12-192023-01-15Quarterly
2022-09-29$0.152022-09-302022-10-15Quarterly
2022-06-29$0.152022-06-302022-07-15Quarterly
2022-03-14$0.152022-03-152022-04-27Quarterly
2019-12-26$0.072019-12-272020-01-15Quarterly
2019-09-26$0.072019-09-272019-10-15Quarterly
2019-06-14$0.072019-06-172019-07-15Quarterly
2019-03-14$0.062019-03-152019-04-15Quarterly
2018-12-27$0.062018-12-282019-01-15Quarterly
2018-09-27$0.062018-09-282018-10-15Quarterly
2018-06-28$0.062018-06-292018-07-15Quarterly
2018-03-15$0.052018-03-162018-04-15Quarterly
2017-12-27$0.052017-12-282018-01-15Quarterly
2017-09-15$0.052017-09-182017-10-15Quarterly
2017-06-13$0.052017-06-152017-07-15Quarterly
2008-05-12$0.152008-05-142008-06-02Quarterly
2008-02-13$0.152008-02-182008-03-03Quarterly
2007-11-14$0.152007-11-162007-12-03Quarterly
2007-08-15$0.152007-08-172007-09-04Quarterly
2007-05-09$0.152007-05-112007-06-01Quarterly
2007-02-07$0.142007-02-092007-03-01Quarterly
2006-11-08$0.142006-11-102006-12-01Quarterly
2006-08-09$0.142006-08-112006-09-01Quarterly
2006-05-10$0.142006-05-122006-06-01Quarterly
2006-02-08$0.122006-02-102006-03-01Quarterly
2005-11-08$0.122005-11-102005-12-01Quarterly
2005-08-10$0.122005-08-122005-09-01Quarterly
2005-05-11$0.122005-05-132005-06-01Quarterly
2005-02-09$0.092005-02-112005-03-01Quarterly
2004-11-09$0.092004-11-122004-12-01Quarterly
2004-08-11$0.092004-08-132004-09-01Quarterly
2004-05-12$0.072004-05-142004-06-01Quarterly
2004-02-11$0.072004-02-132004-03-02Quarterly
2003-11-07$0.072003-11-122003-12-02Quarterly
2003-08-08$0.072003-08-122003-09-03Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-08-24JOHNSON MARIANNE BOYDSell12$82.00984
2026-07-28Hirsberg JoshSell12.78K$89.761.15M
2026-07-22Andersen Stacia J.P.Buy2.04K——
2026-07-22ROETH GEORGE CBuy2.04K——
2026-06-30JOHNSON MARIANNE BOYDBuy30.35K——
2026-06-30JOHNSON MARIANNE BOYDSell30.82K$88.332.72M
2026-06-22Andersen Stacia J.P.Other0——
2026-06-22ROETH GEORGE COther0——
2026-06-09Clinton UriSell3.47K$87.69304.11K
2026-06-03SMITH KEITHSell100.00K$85.908.59M
2026-05-13SPADAFOR CHRISTINE J.Sell1.24K$80.91100.09K
2026-05-07SPADAFOR CHRISTINE J.Buy2.35K——
2026-05-07WHETSELL PAUL WBuy2.35K——
2026-05-07Bailey John RobertBuy2.35K——
2026-05-07JOHNSON MARIANNE BOYDSell2.35K——
2026-05-07BOYD WILLIAM RBuy2.35K——
2026-05-07Hartmeier Michael A.Buy2.35K——
2026-05-07Thoman A. RandallBuy2.35K——
2026-05-05JOHNSON MARIANNE BOYDSell62.91K$84.035.29M
2026-05-01JOHNSON MARIANNE BOYDSell37.09K$85.273.16M
2026-02-27Thompson Stephen S.Sell19.53K$83.591.63M
2026-02-26Hirsberg JoshBuy23.92K$17.75424.65K
2026-02-26Hirsberg JoshSell23.92K$85.862.05M
2026-02-26Hirsberg JoshSell23.92K$17.75424.65K
2026-02-23SMITH KEITHBuy35.61K——
2026-02-22Hirsberg JoshBuy16.45K——
2026-02-22Hirsberg JoshSell16.92K$86.201.46M
2026-02-22Clinton UriBuy11.59K——
2026-02-22Clinton UriSell9.50K$86.20818.81K
2026-02-22Thompson Stephen S.Buy15.80K——
2026-02-22Thompson Stephen S.Sell12.87K$86.201.11M
2026-02-22Nelson Lori M.Buy525——
2026-02-22Nelson Lori M.Sell743$86.2064.05K
2026-02-22JOHNSON MARIANNE BOYDBuy8.95K——
2026-02-22JOHNSON MARIANNE BOYDSell3.52K$86.20303.77K
2026-02-22SMITH KEITHBuy63.19K——
2026-02-22SMITH KEITHSell41.23K$86.203.55M
2026-02-19Shaw Howard William IIIOther0——
2026-02-19Schutte Steven EdwardOther0——
2026-02-19Schutte Steven EdwardOther15.35K——
2026-02-19Hirsberg JoshBuy16.02K——
2026-02-19Clinton UriBuy11.87K——
2026-02-19Nelson Lori M.Buy1.33K——
2026-02-19SMITH KEITHBuy42.73K——
2026-02-18BOYD WILLIAM RSell30.00K$84.842.55M
2026-01-05Thompson Stephen S.Buy1.38K——
2026-01-05Clinton UriBuy1.22K——
2026-01-05Hirsberg JoshBuy1.61K——
2026-01-05JOHNSON MARIANNE BOYDBuy618——
2026-01-05SMITH KEITHBuy3.22K——
2025-12-31Bogich TedOther0——
2025-11-07BOYD WILLIAM RSell20.00K$80.361.61M
2025-09-04JOHNSON MARIANNE BOYDSell100.00K$86.628.66M
2025-08-25SMITH KEITHSell50.00K——
2025-08-22Hirsberg JoshSell40.03K$85.413.42M
2025-08-22SMITH KEITHSell25.00K$85.212.13M
2025-08-21JOHNSON MARIANNE BOYDSell45.48K——
2025-08-21BOYD WILLIAM RBuy45.48K——
2025-08-19SMITH KEITHSell25.00K$83.912.10M
2025-08-18SMITH KEITHSell50.00K$83.094.15M
2025-08-18BOYD WILLIAM RBuy300.00K——
2025-08-18JOHNSON MARIANNE BOYDBuy300.00K——
2025-08-18JOHNSON MARIANNE BOYDSell909.09K——
2025-08-13JOHNSON MARIANNE BOYDSell100.00K$84.178.42M
2025-08-12BOYD WILLIAM RSell9.77K$81.61797.66K
2025-08-11BOYD WILLIAM RSell3.23K$81.57263.14K
2025-08-08Clinton UriSell2.50K$82.08205.20K
2025-08-01Thompson Stephen S.Sell15.91K$83.251.32M
2025-08-01Bogich TedSell16.50K$83.181.37M
2025-05-08Thoman A. RandallBuy2.79K——
2025-05-08BOYD WILLIAM RBuy2.79K——
2025-05-08Hartmeier Michael A.Buy2.79K——
2025-05-08WHETSELL PAUL WBuy2.79K——
2025-05-08SPADAFOR CHRISTINE J.Buy2.79K——
2025-05-08Bailey John RobertBuy2.79K——
2025-05-02BOYD WILLIAM RBuy39.04K$69.612.72M
2025-05-01BOYD WILLIAM RBuy60.96K$69.574.24M
2025-03-06BOYD WILLIAM RBuy300.00K——
2025-03-06JOHNSON MARIANNE BOYDSell909.09K——
2025-03-06JOHNSON MARIANNE BOYDBuy300.00K——
2025-03-03SPADAFOR CHRISTINE J.Sell1.12K$75.2884.69K
2025-03-03JOHNSON MARIANNE BOYDBuy5.59K——
2025-03-03Thompson Stephen S.Buy12.17K——
2025-03-03Nelson Lori M.Buy1.48K——
2025-03-03Hirsberg JoshBuy16.45K——
2025-03-03Clinton UriBuy10.53K——
2025-03-03Bogich TedBuy12.17K——
2025-03-03SMITH KEITHBuy44.75K——
2025-02-25BOYD WILLIAM RBuy4.78K$17.7584.92K
2025-02-25BOYD WILLIAM RBuy2.69K$19.9853.81K
2025-02-25BOYD WILLIAM RBuy4.78K$17.7584.92K
2025-02-25BOYD WILLIAM RBuy2.69K$19.9853.81K
2025-02-21SMITH KEITHBuy55.40K——
2025-02-21SMITH KEITHSell21.79K$76.861.68M
2025-02-21JOHNSON MARIANNE BOYDBuy7.55K——
2025-02-21Thompson Stephen S.Buy13.09K——
2025-02-21Thompson Stephen S.Sell5.15K$76.86395.68K
2025-02-21Nelson Lori M.Buy503——
2025-02-21Nelson Lori M.Sell171$76.8613.14K
2025-02-21Hirsberg JoshBuy18.13K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 438, holders +7 vs prior quarter. Ownership 71.89%.

HolderSharesChangeChange %Value
COHEN & STEERS, INC.6.28M3.81M+154.25%554.82M
BLACKROCK, INC.5.51M-41.43K-0.75%486.74M
VANGUARD PORTFOLIO MANAGEMENT LLC2.51M-261.56K-9.42%222.15M
VANGUARD CAPITAL MANAGEMENT LLC2.38M-28.42K-1.18%209.79M
ARIEL INVESTMENTS, LLC2.18M-92.08K-4.05%192.77M
STATE STREET CORP1.89M-77.95K-3.97%167.00M
GEODE CAPITAL MANAGEMENT, LLC1.46M-160.86K-9.95%128.59M
AMERICAN CENTURY COMPANIES INC1.36M504.19K+58.71%120.40M
BOSTON PARTNERS1.10M-1.66M-60.22%96.90M
INVESCO LTD.1.02M44.15K+4.53%89.94M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.01M-343.76K-25.35%89.41M
FMR LLC953.02K-372.32K-28.09%84.18M
QUANTINNO CAPITAL MANAGEMENT LP941.27K16.20K+1.75%83.14M
VICTORY CAPITAL MANAGEMENT INC852.71K-40.55K-4.54%75.32M
JPMORGAN CHASE & CO835.14K18.40K+2.25%75.02M
NUVEEN, LLC816.52K-64.77K-7.35%72.12M
MORGAN STANLEY799.67K225.11K+39.18%70.64M
BANK OF AMERICA CORP /DE/792.97K223.54K+39.26%70.04M
CHANNING CAPITAL MANAGEMENT, LLC753.97K-20.79K-2.68%66.60M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC717.12K-92.55K-11.43%63.34M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.717.12K717.12KNew63.34M
GOTHAM ASSET MANAGEMENT, LLC681.25K-176.79K-20.60%60.17M
FIRST TRUST ADVISORS LP653.14K-19.58K-2.91%57.69M
FRANKLIN TEMPLETON INC596.62K-157.34K-20.87%52.70M
GOLDMAN SACHS GROUP INC591.71K375.93K+174.21%52.27M

Earnings and financials

Boyd Gaming Corporation (BYD) trades at $71.61, with a market cap of $5.20B and a trailing P/E of 10.86. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
2199259000240081900026267300003326119000217849000033698100003555377000373849200039301940004091989000

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Boyd Gaming (BYD) Financials: Revenue & Earnings

BYD$71.61+0.84 +1.19%

$5.20B

Market Cap

10.86

P/E

10.05

Forward P/E

51

Score

Price History