# Boyd Gaming share price today (Boyd Gaming Corporation, BYD)

> Boyd Gaming Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. BYD · Consumer Discretionary · Resorts & Casinos · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/byd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $76.76 (−1.4% in a year)
- P/E: 11.6× (higher than 74% of the last 4.6 years)
- Revenue (Sep 2026): $990 M (−1.4% on a year ago)
- Profit (Sep 2026): $124 M (−91.4% on a year ago)
- Operating margin: 19.7% (−0.9 points on a year ago)
- ROE: 71%, FY25
- ROIC: 12.1%, against a 7.6% cost of capital: +4.5 points

The main question: yearly earnings per share moved +264.5% while the share price moved −1.4%. ## What is the Boyd Gaming share price today? Boyd Gaming Corporation's share price was $76.76 at the close on 3 November 2026. It has been falling for 2 weeks. That is 6.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $67 and $90, and at that close it sat 42% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 12 weeks running. Over the last 10 years the share price moved +310% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Boyd Gaming pay? Boyd Gaming Corporation paid $0.78 per share over the last four reported quarters. The most recent declaration was $0.20 for Sep 2026. At today's price of $76.76 that is a yield of 1.02%, based on dividends already paid, not a forecast. ## Which stock lists is Boyd Gaming on? Boyd Gaming is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Boyd Gaming profitable? Boyd Gaming Corporation earned $124 M of net profit in the Sep 2026 quarter, −91.4% on the same quarter a year earlier. Full-year FY25 profit was $1.8 B. Over 4 years profit has grown 41.1% a year on average. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned $1.4 B. For the full year, FY25 profit was $1.8 B (+218.2% on the year before). Why profit moved: revenue changed −1.4% on a year earlier and the margin moved −0.9 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −32.4% and revenue +0.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Boyd Gaming make, and is it growing? Boyd Gaming Corporation reported $990 M of revenue in the Sep 2026 quarter, −1.4% on the same quarter a year earlier. Over 4 years it has grown 5.0% a year on average. The last full year, FY25, came in at $4.1 B. The last four reported quarters add to $4.1 B. Recent pace: the last four quarters grew +0.3% on average, against 5.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +0.3%, against +3.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −73.5%, against −0.3% a year (rolling over). ## How much of every $100 of sales does Boyd Gaming keep? Boyd Gaming Corporation's operating margin was 19.7% in the Sep 2026 quarter, 0.9 percentage points lower than the same quarter a year ago. Across 5 years it has been between 22.1% and 28.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −0.9 percentage points on the year while gross margin changed −13.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Boyd Gaming's profit turning into cash? Over the last 3 years, 94% of Boyd Gaming Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $977 M of operating cash against $1.8 B of profit. After $588 M of spending on assets, $388 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Boyd Gaming's cash go? Boyd Gaming Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $1.4 B on assets over the last 3 years. Averaged over those years that is 11.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $1.4 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Boyd Gaming's P/E ratio, and how does it compare with its own history? Boyd Gaming Corporation's P/E is 11.6×, near the high end of its own history: higher than 74% of past readings. Its usual P/E (the middle reading) is 10.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +264.5% while the price moved −1.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +10.0% a year; about −0.9% a year came from earnings growth and about +10.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Boyd Gaming business getting better or worse? Boyd Gaming Corporation's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 14.1%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Boyd Gaming earn on its capital? Boyd Gaming Corporation earned a ROE of 71% in FY25. That is up from a low of 30% in FY21. Its return on capital used (ROIC) is 4.5 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 44.9% net margin and 0.62× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 44.9% net margin × 0.62× asset turnover × 2.52× leverage (assets divided by equity) ≈ 70.2% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 12.1% − 7.6% = +4.5 percentage points. The 7.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 12.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 14.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Boyd Gaming have too much debt? Boyd Gaming Corporation has total debt of $3.3 B against shareholder equity of $2.5 B as of Sep 2026, so its debt is 1.30× its equity. Year by year, that ratio went from 2.56 in FY21 to 1.04 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Boyd Gaming shareholding pattern? 10.5% of Boyd Gaming Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 4.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Boyd Gaming from balance-sheet trouble? For Boyd Gaming Corporation, the Z-score is 2.25. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.25 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Boyd Gaming rank in its industry? 50.0 out of 100, rank 7 of 15 in Resorts & Casinos, with 85% of the evidence available. Boyd Gaming Corporation scores 50.0 out of 100 against the 15 companies it is compared with in Resorts & Casinos, ranking 7. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 7.9 + 17.3 + 14.1 + 10.7 = 50. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Boyd Gaming compared with? Boyd Gaming ranks 7 of 15 Resorts & Casinos companies on the 4-Factor Sector Score, with 50.0 out of 100. 1. [Monarch Casino & Resort, Inc.](https://www.sectoralpha.in/us/stocks/mcri) MCRI · quiet · Most evidence points up · 81% evidence 73.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 5.2% · Profit 46.8% · Operating margin change 1.3 points · 83% evidence Capital efficiency 21.8/25 · ROCE 24.8% · Operating margin 27.4% · 76% evidence Valuation 14.2/20 · P/E 20.4× · PEG 0.42 · 65% evidence Relative strength 12.6/20 · Lead over its industry 9.1% · Lead over S&P 500 -0.8% · 1 year 22.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 25 + 21.8 + 14.2 + 12.6 = 73.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Hilton Grand Vacations Inc.](https://www.sectoralpha.in/us/stocks/hgv) HGV · basing · Evidence leans up · 81% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 5.4% · Profit 100% · Operating margin change 0.3 points · 83% evidence Capital efficiency 10.4/25 · ROCE 6% · Operating margin 11.3% · 76% evidence Valuation 12.3/20 · P/E 27.2× · PEG 0.48 · 65% evidence Relative strength 11.3/20 · Lead over its industry -0.7% · Lead over S&P 500 -10.5% · 1 year 5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.9 + 10.4 + 12.3 + 11.3 = 55.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Las Vegas Sands Corp.](https://www.sectoralpha.in/us/stocks/lvs) LVS · basing · Evidence leans up · 85% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 10.9% · Profit 0.2% · Operating margin change -4.3 points · 95% evidence Capital efficiency 18.7/25 · ROCE 20.4% · Operating margin 19.3% · 76% evidence Valuation 9.1/20 · P/E 15.2× · PEG 1.53 · 65% evidence Relative strength 4.7/20 · Lead over its industry -21.7% · Lead over S&P 500 -29.8% · 1 year -41.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.3 + 18.7 + 9.1 + 4.7 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Caesars Entertainment, Inc.](https://www.sectoralpha.in/us/stocks/czr) CZR · quiet · Evidence leans up · 64% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 2.4% · Profit n/a · Operating margin change -1.6 points · 62% evidence Capital efficiency 9.6/25 · ROCE 7.1% · Operating margin 17.7% · 76% evidence Valuation 11.5/20 · P/E -25.5× · PEG n/a · 15% evidence Relative strength 16.6/20 · Lead over its industry 13.4% · Lead over S&P 500 3.1% · 1 year 46.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 13.8 + 9.6 + 11.5 + 16.6 = 51.5 · What this means: Relative strength against the index is 3.1%, and revenue and profit growth are weak. 5. [PENN Entertainment, Inc.](https://www.sectoralpha.in/us/stocks/penn) PENN · quiet · Evidence leans up · 64% evidence 50.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 6.1% · Profit n/a · Operating margin change 2.6 points · 62% evidence Capital efficiency 5.3/25 · ROCE 3% · Operating margin 7.9% · 76% evidence Valuation 10.8/20 · P/E -3× · PEG n/a · 15% evidence Relative strength 12.9/20 · Lead over its industry 10% · Lead over S&P 500 -0.5% · 1 year 17.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.6 + 5.3 + 10.8 + 12.9 = 50.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Melco Resorts & Entertainment Limited](https://www.sectoralpha.in/us/stocks/mlco) MLCO · basing · Evidence leans up · 71% evidence 50.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 6% · Profit 100% · Operating margin change 0.8 points · 83% evidence Capital efficiency 10.6/25 · ROCE 11.2% · Operating margin 10.2% · 76% evidence Valuation 10.5/20 · P/E 8.7× · PEG n/a · 15% evidence Relative strength 4.3/20 · Lead over its industry -24.3% · Lead over S&P 500 -32.2% · 1 year -50.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.9 + 10.6 + 10.5 + 4.3 = 50.3 · What this means: Earnings are strong; relative strength in its sector is -24.3% and the one-year return is -50.6%. 7. Boyd Gaming Corporation this page BYD · basing · Evidence leans up · 85% evidence 50.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.9/35 · Revenue 0.3% · Profit -73.4% · Operating margin change -0.9 points · 95% evidence Capital efficiency 17.3/25 · ROCE 13.7% · Operating margin 19.7% · 76% evidence Valuation 14.1/20 · P/E 9.6× · PEG 0.43 · 65% evidence Relative strength 10.7/20 · Lead over its industry -1.4% · Lead over S&P 500 -11% · 1 year -5.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 7.9 + 17.3 + 14.1 + 10.7 = 50 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Wynn Resorts, Limited](https://www.sectoralpha.in/us/stocks/wynn) WYNN · basing · Evidence leans down · 81% evidence 48.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 6.4% · Profit 16.7% · Operating margin change 0.7 points · 83% evidence Capital efficiency 13.3/25 · ROCE 11.7% · Operating margin 16.5% · 76% evidence Valuation 10.8/20 · P/E 22.1× · PEG 0.98 · 65% evidence Relative strength 3.0/20 · Lead over its industry -20% · Lead over S&P 500 -28.2% · 1 year -38.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21 + 13.3 + 10.8 + 3 = 48.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Marriott Vacations Worldwide Corporation](https://www.sectoralpha.in/us/stocks/vac) VAC · quiet · Evidence leans down · 71% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue 1.7% · Profit -229% · Operating margin change 0.8 points · 83% evidence Capital efficiency 10.2/25 · ROCE 5.2% · Operating margin 12.9% · 76% evidence Valuation 11.0/20 · P/E -10.5× · PEG n/a · 15% evidence Relative strength 14.3/20 · Lead over its industry 52% · Lead over S&P 500 39.6% · 1 year 151.5% · 100% evidence · 7 of 12 weeks ahead Exact sum: 12.1 + 10.2 + 11 + 14.3 = 47.6 · What this means: Relative strength against the index is 39.6%, and revenue and profit growth are weak. 10. [Red Rock Resorts, Inc.](https://www.sectoralpha.in/us/stocks/rrr) RRR · basing · Evidence leans down · 81% evidence 44.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 0.9% · Profit -4.5% · Operating margin change -5.2 points · 83% evidence Capital efficiency 18.4/25 · ROCE 14.5% · Operating margin 26.7% · 76% evidence Valuation 11.6/20 · P/E 22.3× · PEG 0.85 · 65% evidence Relative strength 4.9/20 · Lead over its industry -7.1% · Lead over S&P 500 -16.2% · 1 year -11.1% · 100% evidence · 1 of 12 weeks ahead Exact sum: 9.3 + 18.4 + 11.6 + 4.9 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Bally's Corporation](https://www.sectoralpha.in/us/stocks/baly) BALY · quiet · Evidence leans down · 61% evidence 42.1 out of 100 Growth Capital Valuation Relative
12. [Vail Resorts, Inc.](https://www.sectoralpha.in/us/stocks/mtn) MTN · turning · Evidence leans down · 77% evidence 38.4 out of 100 Growth Capital Valuation Relative
13. [MGM Resorts International](https://www.sectoralpha.in/us/stocks/mgm) MGM · basing · Evidence leans down · 81% evidence 36.0 out of 100 Growth Capital Valuation Relative
14. Studio City International Holdings Limited MSC · basing · Most evidence points down · 64% evidence 29.6 out of 100 Growth Capital Valuation Relative
15. Full House Resorts, Inc. FLL · Too little evidence to rank firmly · 0% evidence 50.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Resorts & Casinos](https://www.sectoralpha.in/us/sectors/resorts-casinos), all 15 compared on one page. ## Which companies are close to Boyd Gaming in size? Boyd Gaming is the 6th largest of 14 Resorts & Casinos companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: MGM Resorts International, Caesars Entertainment, Inc. and Vail Resorts, Inc. Just below it: Red Rock Resorts, Inc., Marriott Vacations Worldwide Corporation and Hilton Grand Vacations Inc. ### Resorts & Casinos companies close in size

1. [MGM Resorts International](https://www.sectoralpha.in/us/stocks/mgm) $7.8 billion
2. [Caesars Entertainment, Inc.](https://www.sectoralpha.in/us/stocks/czr) $5.9 billion
3. [Vail Resorts, Inc.](https://www.sectoralpha.in/us/stocks/mtn) $5.5 billion
4. Boyd Gaming Corporation $5.4 billion
5. [Red Rock Resorts, Inc.](https://www.sectoralpha.in/us/stocks/rrr) $5.1 billion
6. [Marriott Vacations Worldwide Corporation](https://www.sectoralpha.in/us/stocks/vac) $4.1 billion
7. [Hilton Grand Vacations Inc.](https://www.sectoralpha.in/us/stocks/hgv) $3 billion

[All 14 Resorts & Casinos companies, largest first](https://www.sectoralpha.in/us/sectors/resorts-casinos#all-companies)

### Companies close in size in other industries

1. [White Mountains Insurance Group, Ltd.](https://www.sectoralpha.in/us/stocks/wtm) $5.5 billion · Insurance - Property & Casualty
2. [StepStone Group Inc.](https://www.sectoralpha.in/us/stocks/step) $5.4 billion · Asset Management
3. Boyd Gaming Corporation $5.4 billion
4. [Grupo Aval Acciones y Valores S.A.](https://www.sectoralpha.in/us/stocks/aval) $5.4 billion · Banks - Regional
5. [BGC Group, Inc.](https://www.sectoralpha.in/us/stocks/bgc) $5.4 billion · Capital Markets

## What else do people ask about Boyd Gaming? ### What were Boyd Gaming's latest quarterly results? Boyd Gaming Corporation reported revenue of $990 M and net profit of $124 M for the Sep 2026 quarter. Revenue fell 1.4% and profit fell 91.4% compared with a year earlier. Earnings per share were $1.71. The operating margin was 19.7%, 0.9 percentage points lower than a year earlier (as of 3 November 2026). ### What is Boyd Gaming's market cap? Boyd Gaming Corporation's market capitalisation is $5.4 B at a stock price of $76.76. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Boyd Gaming performing? Boyd Gaming Corporation's share price has been falling for 2 weeks. In its latest quarter, revenue fell 1.4% and profit fell 91.4% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 12 weeks running (as of 3 November 2026). ### Will Boyd Gaming's stock price go up? This page does not forecast Boyd Gaming Corporation's stock price. What it shows instead: the stock price is $76.76, and it has been falling for 2 weeks. Its P/E of 11.6× is higher than 74% of its own last 5 years (as of 3 November 2026). ### Does Boyd Gaming have too much debt? Yes, Boyd Gaming Corporation has a lot of debt: its debt is 1.34× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Is Boyd Gaming's profit real cash? Yes, over the last 3 years, 94% of Boyd Gaming Corporation's reported profit came in as cash from operations. The latest year was lower at 53%, so the trend is worth watching. In FY25, operating cash was $977 M against reported profit of $1.8 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Boyd Gaming in its business cycle? Boyd Gaming Corporation's FY25 operating margin was 22.1%, against a 5-year range of 22.1% to 28.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 19.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Boyd Gaming story? The main question: yearly earnings per share moved +264.5% while the share price moved −1.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Boyd Gaming a stock worth studying right now? What the numbers show: Boyd Gaming Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.