SuperworthBoyd Gaming profit margin BYD
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 44.3%
- Operating margin, 12 months
- 16.4%
- Net margin on a year earlier
- +30.3 pts
- Peer median
- 6.1%
Over the twelve months to Jun 30, 2026, Boyd Gaming kept 44.3% of its revenue as net profit, with an operating margin of 16.4% and a gross margin of 49.0%.
Five years earlier its net margin was 11.5%.
The median for 10 hotel stocks of a similar size is 6.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 45.0% | 18.3% | 49.5% |
| FY2024 | 14.7% | 23.6% | 52.2% |
| FY2023 | 16.6% | 24.1% | 54.0% |
| FY2022 | 18.0% | 27.6% | 56.0% |
| FY2021 | 13.8% | 26.7% | 57.5% |
| FY2020 | −6.2% | 0.7% | 52.4% |
| FY2019 | 4.7% | 14.2% | 47.8% |
| FY2018 | 4.4% | 13.5% | 51.9% |
| FY2017 | 7.9% | 14.3% | n/a |
| FY2016 | 19.1% | 11.9% | n/a |
| FY2015 | 2.1% | 12.3% | n/a |
| FY2014 | −2.0% | 9.3% | n/a |
| FY2013 | −2.8% | 9.6% | n/a |
| FY2012 | −36.6% | −34.2% | n/a |
| FY2011 | −0.2% | 10.0% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 44.3% | +30.3 pts | 16.4% | |
| Q1 FY26 | 44.8% | +30.9 pts | 17.4% | |
| Q4 FY25 | 45.0% | +30.3 pts | 18.3% | |
| Q3 FY25 | 46.0% | +33.0 pts | 20.7% | |
| Q2 FY25 | 14.0% | +0.7 pts | 22.9% | |
| Q1 FY25 | 14.0% | −0.9 pts | 22.9% | |
| Q4 FY24 | 14.7% | −1.9 pts | 23.6% | |
| Q3 FY24 | 13.0% | −5.9 pts | 21.4% | |
| Q2 FY24 | 13.3% | −6.3 pts | 21.6% | |
| Q1 FY24 | 14.9% | −3.6 pts | 22.4% | |
| Q4 FY23 | 16.6% | −1.4 pts | 24.1% | |
| Q3 FY23 | 18.9% | +2.5 pts | 26.8% |
Against its peers
Companies in Travel Lodging nearest Boyd Gaming's size, closest first, today.
| Company | Profit margin |
|---|---|
| BYDBoyd Gaming | 44.3% |
| RRRRed Rock Resorts | 8.4% |
| WHWyndham Hotels & Resorts | 14.0% |
| CHHChoice Hotels International | 20.3% |
| TNLTravel & Leisure | 5.8% |
| MGMMGM Resorts International | 2.4% |
| WYNNWynn Resorts | 6.1% |
| HGVHilton Grand Vacations | 2.9% |
| SHOSunstone Hotel Investors | n/m |
| MCRIMonarch Casino & Resort | 20.4% |
| HHyatt Hotels | 1.1% |
| Peer median | 6.1% |
Where Boyd Gaming ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Boyd Gaming
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.