Boyd Gaming Corporation logo BYD - Boyd Gaming Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 17
SELL 0
STRONG
SELL
0
| PRICE TARGET: $95.00 DETAILS
HIGH: $110.00
LOW: $83.00
MEDIAN: $91.00
CONSENSUS: $95.00
UPSIDE: 19.78%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1996 1995 1994
Revenue
Revenue 4,092.0 3,930.2 3,738.5 3,555.4 3,369.8 2,178.5 3,326.1 2,626.7 2,400.8 2,199.3 2,199.4 2,142.3 2,894.4 2,482.8 2,330.8 2,140.9 1,641.0 1,781.0 1,997.1 2,192.6 2,161.1 1,707.2 1,253.1 1,228.9 1,102.3 1,082.9 987 975.1 819.3 775.9 660.3
Cost of Revenue 2,367.5 1,880.4 1,719.9 1,565.2 1,432.5 1,037.1 1,736.2 1,371.4 1,263.9 1,187.0 1,190.8 1,184.4 1,586.9 1,392.8 1,284.7 1,189.4 908.1 968.0 1,057.8 1,189.7 1,156.9 961.6 735.2 687.1 635.4 641.0 561.1 563.2 480.7 435.4 362.7
Gross Profit 1,724.5 2,049.8 2,018.6 1,990.2 1,937.3 1,141.4 1,589.9 1,255.4 1,136.9 1,012.3 1,008.6 957.8 1,307.6 1,090.0 1,046.1 951.5 732.9 813.0 939.3 1,002.9 1,004.2 745.6 517.8 541.8 467.0 441.9 425.9 411.9 338.6 340.5 297.6
Operating Expenses
R&D Expenses 0 28.6 0 0 31.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 668.7 538.6 498.3 480.6 470.9 452.3 557.3 390.0 362.0 322.3 322.4 327.6 490.2 449.3 392.5 369.2 442.6 468.2 490.2 487.1 459.3 383.9 273.4 274.9 251.3 242.9 215.1 208.7 184.3 179 132.6
Other Expenses 179.0 554.8 618.5 528.4 534.6 674.9 560.0 510.1 431.1 429.6 415.0 456.5 539.0 1,491.0 417.6 392.9 290.3 344.7 449.2 515.8 544.9 361.6 244.5 266.9 215.7 199.0 210.8 203.2 154.3 161.5 165
Operating Expenses 847.7 1,122.0 1,116.7 1,008.9 1,037.2 1,127.1 1,117.3 900.1 793.1 751.9 737.4 784.1 1,029.3 1,940.3 810.1 762.1 732.9 813.0 939.3 1,002.9 1,004.2 745.6 517.8 541.8 467.0 441.9 425.9 411.9 338.6 340.5 297.6
Operating Income
Operating Income 876.8 927.8 901.8 981.2 900.1 14.3 472.6 355.3 343.8 260.4 271.2 173.7 278.3 (850.3) 236.0 189.4 125.8 175.7 354.2 404.6 405.7 304.3 148.8 164.5 115.9 108.6 136.7 129.8 87 100.9 110.5
Interest Expense 157.6 177.4 171.2 151.2 199.4 230.5 237.5 204.2 173.1 212.7 224.6 230.1 344.3 290.0 250.7 168.7 146.8 412.3 0 137.4 171.7 51.0 93.2 114.6 74.0 0 70.8 85.4 51.5 44.2 30.7
Interest Income 4.8 1.6 23.9 21.5 1.8 1.9 1.9 3.7 1.8 3.0 1.9 1.9 2.1 1.2 0.0 0.0 0.0 1.1 0 0 0.2 0.2 0.3 0.4 1.4 0 0 0 0 0 0
Profitability
EBITDA 2,790.0 1,206.1 1,180.9 1,238.2 1,071.2 340.5 716.2 589.2 561.7 416.7 435.8 382.9 506.7 (635.0) 435.5 400.3 316.6 29.6 525.4 617.3 585.4 445.1 242.6 254.6 215.7 199.0 210.8 203.2 154.3 161.5 165
EBIT 2,487.3 929.4 924.2 980.1 803.4 59.5 439.6 359.2 344.2 220.5 228.7 174.0 228.3 (849.2) 240.3 201.0 152.1 (144.6) 354.2 404.6 405.7 304.3 148.8 164.5 115.9 108.6 136.7 129.8 87 100.9 110.5
Income Before Tax 2,329.7 752.0 752.9 828.8 603.9 (171.0) 202.1 155.0 171.1 8.0 40.1 (40.9) (116.0) (1,143.8) (6.3) 26.9 5.3 (249.5) 184.9 246.8 245.1 187.1 65.8 77.0 41.9 102.1 67.6 49.9 49.6 64.2 18.2
Income Tax Expense 490.8 174.1 132.9 189.4 140.1 (36.3) 44.5 40.3 3.1 (197.5) (7.2) 0.8 3.4 (220.8) 1.7 8.2 1.1 (26.5) 64.0 85.5 84.0 75.6 24.9 28.7 17.0 39.3 27.6 21.3 20 28 7.5
Net Income 1,843.3 578.0 620.0 639.4 463.8 (134.7) 157.6 115.0 189.4 418.0 47.2 (53.0) (80.3) (908.9) (3.9) 10.3 4.2 (223.0) 303.0 116.8 144.6 111.5 40.9 40.0 24.9 62.8 38.3 28.6 28.2 36.2 12.7
Per Share Data
EPS (Basic) 22.56 6.19 6.12 5.87 4.07 -1.19 1.39 1.01 1.65 3.65 0.42 -0.48 -0.83 -10.37 -0.04 0.12 0.05 -2.54 3.46 1.32 1.63 1.27 0.64 0.62 0.40 1.01 0.62 0.46 0.49 0.64 0.24
EPS (Diluted) 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 1.60 1.27 0.62 0.61 0.40 1.01 0.62 0.46 0.49 0.64 0.24
Shares Outstanding 81.7 93.3 101.3 108.9 113.9 113.5 113.5 114.4 115.0 114.5 112.8 110.0 96.9 87.6 87.3 86.6 86.4 87.9 87.6 88.4 88.5 73.0 64.0 63.8 62.4 62.1 61.8 62.2 57.6 56.6 53.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Current Assets
Cash & Cash Equivalents 353.4 316.7 304.3 283.5 344.6 519.2 250.0 249.4 203.1 193.9 93.2 98.2 160.7 88.2 191.4 77.1 88.1 86.2 75.9 78.3 49 83.2 67
Short-Term Investments 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 84.4 162.3 141.4 111.6 89.5 53.5 60.5 60.1 45.5 32.8 39.4 36.5 45.3 22.3 23.0 20.4 14.3 17.6 33.1 19.4 16 16 11.3
Inventory 20.2 21.2 20.7 22.2 20.1 22.6 22.1 20.6 18.0 18.6 11.4 11.3 12.6 4.4 4.5 4.6 6.2 6.2 9.6 9.9 6.5 6.6 6.5
Other Current Assets 72.8 61.3 63.0 61.0 12.6 15.8 20.5 23.8 24.2 16.5 23.9 28.1 11.3 27.2 30.4 17.4 20.0 32.6 23.1 17.1 15.3 13.5 20.3
Total Current Assets 530.7 561.5 529.3 478.2 507.8 650.3 399.5 399.8 328.7 307.9 192.7 214.4 262.1 159.6 263.9 130.9 128.6 142.6 141.7 124.7 86.8 119.4 105.1
Non-Current Assets
Property, Plant & Equipment 3,517.5 3,414.9 3,335.8 3,224.6 3,278.4 3,454.7 3,608.7 2,716.1 2,539.8 2,605.2 3,159.2 3,249.3 2,277.1 958.8 958.6 980.4 960.0 901 763.2 771.2 797.6 765.8 656.9
Goodwill 958.0 957.9 947.3 1,033.7 971.3 971.3 1,083.3 1,062.1 888.2 826.5 213.6 213.6 404.2 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,475.0 1,391.0 1,392.8 1,427.1 1,368.4 1,382.2 1,466.9 1,466.7 842.9 882.0 422.1 422.2 532.4 449.5 449.5 458.0 345.3 354.7 202.6 208 10.5 10.6 11
Long-Term Investments 11.5 11.8 12.6 13 (264.9) (131.1) (162.7) 15.8 17.8 (84.0) 394.2 419 (4.7) (9.0) 187.5 152.2 0 0 0 0 0 0 0
Other Non-Current Assets 360.8 54.7 55.2 (184.2) 98.2 100.5 91.8 90.5 63.3 49.2 70.4 84.1 443.4 305.0 45.7 25.8 143.8 45.7 38.8 48.5 58.5 53.7 63.3
Total Non-Current Assets 6,322.8 5,830.3 5,743.8 5,832.9 5,716.4 5,908.7 6,250.7 5,356.6 4,357.3 4,362.8 4,267.2 4,391.0 3,657.0 1,713.4 1,649.0 1,624.0 1,449.0 1,301.4 1,004.6 1,027.7 866.6 830.1 731.2
Total Assets 6,853.6 6,391.8 6,273.1 6,311.1 6,224.2 6,558.9 6,650.1 5,756.3 4,685.9 4,670.8 4,460.0 4,605.4 3,919.0 1,873.0 1,913.0 1,754.9 1,577.6 1,444 1,146.3 1,152.4 953.4 949.5 836.3
Current Liabilities
Account Payables 151.3 131.3 124.7 129.9 102.0 96.9 91.0 111.2 106.3 84.1 39.1 50.1 69.9 35.7 35.0 35.3 38.5 36.5 32.1 28.5 30.8 47.2 50.4
Short-Term Debt 111.8 44.0 44.3 44.3 41.7 30.7 27.0 24.2 24.0 30.3 47.5 0.6 5.7 1.5 1.5 2.5 2.5 1.7 2 1.8 4 36.3 21.3
Deferred Revenue 17.8 0 0 0 15.3 16.0 22.9 21.7 18.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 608.7 0 0 0 (15.3) (16.0) (22.9) (21.7) (18.9) 0 0 0 49.3 6.9 2.0 5.1 116.0 98.7 83.6 82 66.5 44.6 42.6
Total Current Liabilities 979.2 622.7 596.3 586.1 557.0 524.0 556.9 469.7 385.5 365.5 295.4 353.3 322.3 200.3 177.5 167.1 157.0 136.9 117.7 112.3 95.8 129.3 130.8
Non-Current Liabilities
Long-Term Debt 2,599.8 3,132.6 2,871.2 3,005.1 2,989.9 3,866.7 3,738.9 3,955.1 3,051.9 3,199.1 2,576.9 2,647.1 2,304.3 1,097.6 1,227.3 1,143.4 1,016.8 982.1 774.9 842.9 739.8 590.8 588
Deferred Tax Liabilities 602.4 346.9 288.8 318.6 264.9 131.1 162.7 121.3 86.7 84.0 367.9 351.1 348.6 133.9 99.6 90.7 74.0 57.9 26.4 0 0 33.5 29.6
Other Non-Current Liabilities (490.0) 56.4 61.3 52.2 57.6 64.4 86.1 64.5 64.7 88.0 63.5 110.5 0 0 0 0 0 0 0 0.1 0 0 0
Total Non-Current Liabilities 3,266.5 4,187.6 3,932.7 4,134.4 4,128.4 4,911.0 4,828.0 4,140.9 3,203.2 3,371.1 3,008.2 3,108.6 2,653.0 1,231.4 1,326.9 1,234.1 1,090.8 1,040.1 801.3 843 739.8 624.3 617.6
Total Liabilities 4,245.7 4,810.3 4,529.0 4,720.5 4,685.4 5,435.0 5,384.9 4,610.6 3,588.7 3,736.6 3,303.6 3,461.9 2,975.3 1,431.7 1,504.4 1,401.2 1,247.8 1,177.0 919 955.3 838.9 720.1 746.9
Stockholders' Equity
Common Stock 0.8 0.9 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 0.9 0.9 0.9 0.7 0.6 0.6 0.6 0.6 0 0 0 0 0
Retained Earnings 2,609.3 1,583.1 1,744.2 1,285.8 710.1 246.2 380.9 253.4 164.4 (19.9) 550.6 546.4 370.1 283.4 252.1 212.1 187.1 124.4 86.1 57.5 130.1 102 65.7
Accumulated Other Comprehensive Income (1.6) (2.4) (1.1) (1.4) (0.2) 0.1 (0.5) (1.1) (0.2) (0.6) (18.1) (20.0) (1.9) (4.9) (7.5) (1.7) (548.1) (482.7) (455.8) 0 (334.4) (286.3) (239.6)
Total Stockholders' Equity 2,608.5 1,581.5 1,744.1 1,590.6 1,538.7 1,123.9 1,265.2 1,145.7 1,097.2 934.1 1,156.4 1,143.5 943.8 441.3 408.6 353.7 329.8 267 227.3 197.1 233.3 202.6 164.4
Total Liabilities & Equity 6,853.6 6,391.8 6,273.1 6,311.1 6,224.2 6,558.9 6,650.1 5,756.3 4,685.9 4,670.8 4,460.0 4,605.4 3,919.0 1,873.0 1,913.0 1,754.9 1,577.6 1,444.0 1,146.3 1,152.4 1,030.2 953.4 949.5
Debt Metrics
Total Debt 3,265.9 3,931.2 3,725.8 3,896.6 3,932.5 4,836.8 4,693.9 3,979.3 3,075.9 3,229.5 2,624.4 2,647.7 2,310.0 1,099.1 1,228.8 1,145.8 1,019.3 983.9 776.9 844.7 741.6 594.8 624.3
Net Debt 2,912.5 3,614.5 3,421.5 3,613.2 3,587.9 4,317.6 4,443.9 3,729.9 2,872.8 3,035.6 2,531.2 2,549.5 2,149.3 1,010.8 1,037.4 1,068.7 931.2 897.7 701 766.4 686.4 545.8 541.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Operating Activities
Net Income 1,843.3 578.0 620.0 639.4 463.8 (134.7) 157.6 114.7 168.0 205.5 144.6 111.5 40.9 40.0 24.9 62.8 40 28.6 (71.4) 29.6 36.2 10.7
Depreciation & Amortization 302.7 276.6 256.8 258.2 267.8 281.0 276.6 230.0 217.5 196.2 179.7 136.1 94.2 90.1 99.8 90.5 74.1 73.4 67.3 60.6 54.5 42.1
Stock-Based Compensation 0 29.7 32.4 34.1 37.8 9.2 25.2 25.4 17.4 15.5 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 350.1 (100.2) (126.5) (101.9) (63.3) (69.3) (30.2) 18.9 6.0 (6.2) 45.3 42.1 (5.9) (6.9) 6.9 29.0 21.3 (12.5) (6.4) 9.6 (21.9) 22.3
Other Non-Cash Items (1,495.9) 114.9 161.7 95.4 170.5 234.5 78.3 11.1 7.9 63.1 68.6 (50.7) 15.3 42.0 9.0 6.8 3.7 5.9 134.6 134.6 0.2 0.2
Operating Cash Flow 976.7 957.1 914.5 976.1 1,010.4 289.0 549.0 434.5 422.0 275.1 419.9 269.6 172.7 178.2 158.1 213.1 157.7 121.7 82 103.9 83.1 75.8
Investing Activities
Capital Expenditure (588.2) (400.4) (373.9) (269.2) (199.5) (175.0) (207.6) (161.5) (190.5) (160.4) (618.4) (268.8) 0 (7.5) (91.1) (139.8) (261.2) (68) (99.6) (107.7) (181.2) (307.5)
Acquisitions 0 (30.3) 0 (167.9) 0 (11.2) (5.5) (934.1) (1.2) (592.7) 0 (1,096.5) (81.5) (7.5) (132.0) 0 (261.2) 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 (11.7) 0 0 0 0 0 0 0 0 0 (5)
Sales/Maturities of Investments 1,758 0 0 0 0 0 0 0 0 0 0 1.1 0 0 0 0 0 0 0 0 5 0
Other Investing Activities (42.0) (3.2) 109.6 14.7 69.9 15.1 (18.3) (39.2) 1.8 612.3 10.0 11.1 31.5 (53.3) (56.3) (106.9) (4.2) 10.5 (150.7) (150.7) 2 30.7
Investing Cash Flow 1,042.8 (433.9) (264.3) (422.3) (129.6) (171.2) (231.4) (1,134.8) (189.8) (140.8) (608.4) (1,375.3) (131.6) (139.0) (279.4) (246.7) (355.6) (57.5) (250.3) (105.7) (145.5) (310.4)
Financing Activities
Net Debt Issuance (1,139.6) 254 (141.5) 3.2 (892.7) 173.2 (231.2) 136.1 (164.9) (82.2) 236.8 1,179.9 (128.7) 60.9 121.1 35.4 207 (67.9) 0 139.2 (34.5) 77
Stock Repurchased (778.3) (685.9) (412.7) (541.6) (80.8) (11.1) (28.0) (59.6) (31.9) 0 0 0 (13.4) 0 0 0 0 0 0 0 0 0
Dividends Paid (58.2) (62.7) (63.6) (48.2) 0 (7.8) (28.9) (24.7) (11.3) 0 (40.7) (24.7) (9.7) 0 0 0 0 0 0 0 0 0
Other Financing Activities (6.2) (15.0) (19.5) (29.3) (85.2) (7.5) (32.1) (5.5) (7.2) (17.1) (1.8) 0 0 0 0 0 0 0 174.5 (206.7) 0.1 162.8
Financing Cash Flow (1,982.3) (509.5) (637.2) (615.9) (1,058.7) 146.7 (320.3) 746.2 (215.3) (99.2) 216.2 1,178.2 (144.3) 75.1 121.8 35.4 208.2 (66.6) 174.5 (32.3) 78.7 241.5
Cash Position
Net Change in Cash 37.4 13.4 12.9 (62.1) (177.9) 264.6 (2.8) 45.9 16.9 35.0 27.7 72.5 (103.2) 114.3 0.5 1.9 10.3 (2.4) 6.2 (34.1) 16.3 6.9
Cash at Beginning 321.4 307.9 295.1 357.1 535.0 270.4 273.2 227.3 210.3 158.8 160.7 88.2 191.4 77.1 76.6 86.2 75.9 78.3 49 83.2 67 60.1
Cash at End 358.8 321.4 307.9 295.1 357.1 535.0 270.4 273.2 227.3 193.9 188.4 160.7 88.2 191.4 77.1 88.1 86.2 75.9 55.2 49.1 83.3 67
Free Cash Flow 388.5 556.7 540.6 707.0 811.0 114.0 341.4 273.0 231.6 114.7 (198.5) 0.7 172.7 170.7 67.0 73.3 (103.5) 53.7 (17.6) (3.8) (98.1) (231.7)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1996 1995 1994
Income Statement
Revenue 4,092.0 3,930.2 3,738.5 3,555.4 3,369.8 2,178.5 3,326.1 2,626.7 2,400.8 2,199.3 2,199.4 2,142.3 2,894.4 2,482.8 2,330.8 2,140.9 1,641.0 1,781.0 1,997.1 2,192.6 2,161.1 1,707.2 1,253.1 1,228.9 1,102.3 1,082.9 987 975.1 819.3 775.9 660.3
Gross Profit 1,724.5 2,049.8 2,018.6 1,990.2 1,937.3 1,141.4 1,589.9 1,255.4 1,136.9 1,012.3 1,008.6 957.8 1,307.6 1,090.0 1,046.1 951.5 732.9 813.0 939.3 1,002.9 1,004.2 745.6 517.8 541.8 467.0 441.9 425.9 411.9 338.6 340.5 297.6
Operating Income 876.8 927.8 901.8 981.2 900.1 14.3 472.6 355.3 343.8 260.4 271.2 173.7 278.3 (850.3) 236.0 189.4 125.8 175.7 354.2 404.6 405.7 304.3 148.8 164.5 115.9 108.6 136.7 129.8 87 100.9 110.5
Net Income 1,843.3 578.0 620.0 639.4 463.8 (134.7) 157.6 115.0 189.4 418.0 47.2 (53.0) (80.3) (908.9) (3.9) 10.3 4.2 (223.0) 303.0 116.8 144.6 111.5 40.9 40.0 24.9 62.8 38.3 28.6 28.2 36.2 12.7
EPS (Diluted) 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 1.60 1.27 0.62 0.61 0.40 1.01 0.62 0.46 0.49 0.64 0.24
Balance Sheet
Cash & Equivalents 353.4 316.7 304.3 283.5 344.6 519.2 250.0 249.4 203.1 193.9 93.2 98.2 160.7 88.2 191.4 77.1 88.1 86.2 75.9 78.3 49 83.2 67
Total Assets 6,853.6 6,391.8 6,273.1 6,311.1 6,224.2 6,558.9 6,650.1 5,756.3 4,685.9 4,670.8 4,460.0 4,605.4 3,919.0 1,873.0 1,913.0 1,754.9 1,577.6 1,444 1,146.3 1,152.4 953.4 949.5 836.3
Total Debt 3,265.9 3,931.2 3,725.8 3,896.6 3,932.5 4,836.8 4,693.9 3,979.3 3,075.9 3,229.5 2,624.4 2,647.7 2,310.0 1,099.1 1,228.8 1,145.8 1,019.3 983.9 776.9 844.7 741.6 594.8 624.3
Stockholders' Equity 2,608.5 1,581.5 1,744.1 1,590.6 1,538.7 1,123.9 1,265.2 1,145.7 1,097.2 934.1 1,156.4 1,143.5 943.8 441.3 408.6 353.7 329.8 267 227.3 197.1 233.3 202.6 164.4
Cash Flow
Operating Cash Flow 976.7 957.1 914.5 976.1 1,010.4 289.0 549.0 434.5 422.0 275.1 419.9 269.6 172.7 178.2 158.1 213.1 157.7 121.7 82 103.9 83.1 75.8
Capital Expenditure (588.2) (400.4) (373.9) (269.2) (199.5) (175.0) (207.6) (161.5) (190.5) (160.4) (618.4) (268.8) 0 (7.5) (91.1) (139.8) (261.2) (68) (99.6) (107.7) (181.2) (307.5)
Free Cash Flow 388.5 556.7 540.6 707.0 811.0 114.0 341.4 273.0 231.6 114.7 (198.5) 0.7 172.7 170.7 67.0 73.3 (103.5) 53.7 (17.6) (3.8) (98.1) (231.7)