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Boyd Gaming Corporation (BYD) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · RESORTS & CASINOS · DATA UPDATED 2026-08-16

Boyd Gaming Corporation (BYD) operates in the RESORTS & CASINOS industry and is headquartered in Las Vegas, United States with about 16,009 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, BYD reported $4.1B in revenue and $1.8B in net income.

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.

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BYD Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$4.1B$4.1B$3.9B$3.7B$3.6B$3.4B$2.2B$3.3B$2.6B$2.4B$2.2B$2.2B$2.1B$2.9B$2.5B$2.3B$2.1B$1.6B$1.8B$2.0B$2.2B
Gross Profit$1.5B$1.7B$2.0B$2.0B$2.0B$1.9B$1.1B$1.6B$1.3B$1.1B$1.0B$1.0B$958M$1.3B$1.1B$1.0B$951M$733M$813M$939M$1.0B
Gross Margin %37.1%42.1%52.2%54.0%56.0%57.5%52.4%47.8%47.8%47.3%46.0%45.9%44.7%45.2%43.9%44.9%44.4%44.7%45.6%47.0%45.7%
Operating Income (EBIT)$799M$877M$928M$902M$981M$900M$14M$473M$355M$344M$260M$271M$174M$278M($850M)$236M$189M$126M$176M$354M$405M
Operating Margin %19.5%21.4%23.6%24.1%27.6%26.7%0.7%14.2%13.5%14.3%11.8%12.3%8.1%9.6%-34.2%10.1%8.8%7.7%9.9%17.7%18.4%
Net Income$1.8B$1.8B$578M$620M$639M$464M($135M)$158M$115M$189M$418M$47M($53M)($80M)($909M)($4M)$10M$4M($223M)$303M$117M
Net Margin %44.3%45.1%14.7%16.6%18.0%13.8%-6.2%4.7%4.4%7.9%19.0%2.1%-2.5%-2.8%-36.6%-0.2%0.5%0.3%-12.5%15.2%5.3%
EBITDA$2.8B$2.8B$1.2B$1.2B$1.2B$1.1B$341M$716M$589M$562M$417M$436M$383M$507M($635M)$436M$400M$317M$30M$525M$617M
Earnings Per Share (EPS)$22.72$22.56$6.19$6.12$5.87$4.07$-1.19$1.38$1.00$1.64$3.63$0.42$-0.48$-0.83$-10.37$-0.04$0.12$0.05$-2.54$3.42$1.30
Shares Outstanding (M)75M82M93M101M109M114M114M114M115M116M115M114M110M97M88M87M87M87M88M89M90M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BYD Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$1.0B$997M$1.1B$1.0B$1.0B$992M$1.0B$961M
Gross Profit$429M$397M$205M$488M$527M$504M$548M$499M
Gross Margin %41.5%39.8%19.3%48.6%51.0%50.9%52.6%51.9%
Operating Income (EBIT)$201M$164M$295M$140M$242M$200M$261M$220M
Operating Margin %19.4%16.4%27.8%13.9%23.4%20.2%25.1%22.9%
Net Income$131M$106M$140M$1.4B$151M$110M$171M$131M
Net Margin %12.7%10.6%13.2%143.4%14.6%11.1%16.4%13.6%
EBITDA$292M$260M$258M$1.9B$314M$269M$340M$291M
Earnings Per Share (EPS)$1.75$1.37$1.79$17.81$1.84$1.30$1.92$1.43
Shares Outstanding (M)75M77M79M81M82M85M89M92M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BYD Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$626M$977M$957M$915M$976M$1.0B$289M$549M$435M$422M$275M$340M$323M$275M$142M$254M$285M$241M$220M$284M$420M
Capital Expenditures (CapEx)$591M$588M$400M$374M$269M$199M$175M$208M$162M$190M$160M$131M$149M$145M$126M$87M$87M$158M$667M$297M$436M
Free Cash Flow (FCF)$35M$388M$557M$541M$707M$811M$114M$341M$273M$232M$115M$209M$173M$130M$16M$166M$198M$83M($447M)($13M)($17M)
FCF Margin %0.9%9.5%14.2%14.5%19.9%24.1%5.2%10.3%10.4%9.7%5.2%9.5%8.1%4.5%0.7%7.1%9.2%5.1%-25.1%-0.7%-0.8%
Dividends Paid$58M$58M$63M$64M$48M$48M$8M$29M$25M$11M$11M$11M$11M$0M$0M$0M$26M$51M$47M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BYD Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($24M)$134M$275M$240M$205M$256M$262M$231M
Capital Expenditures (CapEx)$142M$155M$148M$146M$124M$170M$111M$85M
Free Cash Flow (FCF)($165M)($21M)$127M$94M$81M$86M$151M$146M
FCF Margin %-16.0%-2.1%11.9%9.4%7.8%8.7%14.5%15.2%
Dividends Paid$15M$14M$14M$15M$15M$15M$15M$16M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BYD Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$6.7B$6.6B$6.4B$6.3B$6.3B$6.2B$6.6B$6.7B$5.8B$4.7B$4.7B$4.4B$4.5B$5.7B$6.3B$5.9B$5.7B$4.5B$4.6B$4.5B$3.9B
Cash & Cash Equivalents$323M$353M$317M$304M$283M$345M$519M$250M$249M$203M$194M$159M$145M$178M$193M$179M$146M$93M$98M$166M$169M
Total Liabilities$4.2B$4.0B$4.8B$4.5B$4.7B$4.7B$5.4B$5.4B$4.6B$3.6B$3.7B$3.8B$4.0B$5.1B$5.9B$4.5B$4.3B$3.3B$3.5B$3.1B$2.8B
Total Debt (Short + Long-Term)$2.7B$2.2B$3.3B$3.0B$3.1B$3.1B$4.0B$3.9B$4.0B$3.1B$3.2B$3.3B$3.5B$4.4B$5.1B$3.4B$3.2B$2.6B$2.6B$2.3B$2.1B
Total Shareholders' Equity$2.5B$2.6B$1.6B$1.7B$1.6B$1.5B$1.1B$1.3B$1.1B$1.1B$934M$508M$438M$470M$304M$1.2B$1.2B$1.2B$1.1B$1.4B$1.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BYD viewer.

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