Boyd Gaming Corp (BYD) Financial Statements
Industry: Hotels & Motels
In fiscal 2025, Boyd Gaming reported revenue of $4.09B, up 4.1% from $3.93B the year before. Net income was $1.84B (a 45.0% net margin), or $22.56 per diluted share. Gross margin was 18.3% and operating margin was 18.3%. Operating activities generated $976.7M of cash, leaving $388.5M of free cash flow. At fiscal year end, Boyd Gaming held $6.57B in total assets against $3.97B in total liabilities, including $353.4M of cash and equivalents.
Open the full interactive Boyd Gaming financials → Quarterly statements, key ratios, valuation history and price charts.
Boyd Gaming Key Stats
| Share Price | $70.46 |
|---|---|
| Market Cap | $5.27B |
| P/E Ratio | 3.1 |
| Revenue YoY Growth | +4.1% |
| 52-Week Range | $66.07 – $91.02 |
| Shares Outstanding | 74.8 million (basic, 2026 Q2) |
Boyd Gaming Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.18B | $3.37B | $3.56B | $3.74B | $3.93B | $4.09B |
| Cost of Goods Sold | $2.16B | $2.47B | $2.57B | $2.84B | $3.00B | $3.34B |
| Gross Profit | $14.3M | $900.1M | $981.2M | $901.8M | $927.8M | $748.4M |
| Operating Income | $14.3M | $900.1M | $981.2M | $901.8M | $927.8M | $748.4M |
| Pre-Tax Income | -$171.0M | $603.9M | $828.8M | $752.9M | $752.0M | $2.33B |
| Income Tax | -$36.3M | $140.1M | $189.4M | $132.9M | $174.1M | $490.8M |
| Net Income | -$134.7M | $463.8M | $639.4M | $620.0M | $578.0M | $1.84B |
| Diluted EPS | -$1.19 | $4.07 | $5.87 | $6.12 | $6.19 | $22.56 |
Boyd Gaming Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.00B | $1.06B | $997.4M | $1.03B |
| Net Income | $1.44B | $140.4M | $105.5M | $131.2M |
| Diluted EPS | $17.81 | $1.72 | $1.37 | $1.75 |
Boyd Gaming Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $519.2M | $344.6M | $283.5M | $304.3M | $316.7M | $353.4M |
| Current Assets | $650.3M | $507.8M | $478.2M | $529.3M | $561.5M | $530.7M |
| Total Assets | $6.56B | $6.22B | $6.31B | $6.27B | $6.39B | $6.57B |
| Current Liabilities | $524.0M | $557.0M | $586.1M | $596.3M | $622.7M | $979.2M |
| Total Long-Term Debt | $3.90B | $3.03B | $3.05B | $2.92B | $3.18B | $2.05B |
| Total Liabilities | $5.44B | $4.69B | $4.72B | $4.53B | $4.81B | $3.97B |
| Shareholders' Equity | $1.12B | $1.54B | $1.59B | $1.74B | $1.58B | $2.61B |
Boyd Gaming Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $289.0M | $1.01B | $976.1M | $914.5M | $957.1M | $976.7M |
| Cash From Investing | — | -$129.6M | -$422.3M | -$264.3M | -$433.9M | $1.04B |
| Cash From Financing | — | -$1.06B | -$615.9M | -$637.2M | -$509.5M | -$1.98B |
| Free Cash Flow | $114.0M | $811.0M | $707.0M | $540.6M | $556.7M | $388.5M |
Figures from Boyd Gaming's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Boyd Gaming financials page for every line item.
Boyd Gaming Company Profile
| Ticker | BYD |
|---|---|
| Exchange | NYSE |
| Industry | Hotels & Motels |
| Headquarters | Las Vegas, Nevada |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000906553 |
Frequently Asked Questions
What was Boyd Gaming's revenue in fiscal 2025?
Boyd Gaming (BYD) reported revenue of $4.09B for fiscal 2025.
What is Boyd Gaming's annual revenue history?
Boyd Gaming's annual revenue by fiscal year: 2020: $2.18B; 2021: $3.37B; 2022: $3.56B; 2023: $3.74B; 2024: $3.93B; 2025: $4.09B.
What was Boyd Gaming's net income in fiscal 2025?
Boyd Gaming reported net income of $1.84B for fiscal 2025.
What was Boyd Gaming's earnings per share (EPS) in fiscal 2025?
Boyd Gaming's diluted EPS was $22.56 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Boyd Gaming generate in fiscal 2025?
Boyd Gaming generated $388.5M of free cash flow in fiscal 2025.
What was Boyd Gaming's revenue last quarter?
In its most recent reported quarter (2026 Q2), Boyd Gaming reported revenue of $1.03B.
How much debt does Boyd Gaming have?
Boyd Gaming reported $2.05B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Boyd Gaming are outstanding?
Boyd Gaming reported a weighted average of 74.8 million basic shares outstanding in 2026 Q2.
What is Boyd Gaming's market cap?
Based on its latest closing price, Boyd Gaming (BYD) has a market capitalization of about $5.27B.
When does Boyd Gaming's fiscal year end?
Boyd Gaming's fiscal year end, as registered with the SEC, is December 31.
Where is Boyd Gaming headquartered?
Boyd Gaming lists its business address in Las Vegas, Nevada in its SEC filings.