BOYD GAMING CORP(BYD)— Stock Profile, AI Score & Financials
Consumer Discretionary · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
BOYD GAMING CORP (BYD) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores BYD at 61.4/100 on a 32-signal composite quality model, placing it at rank #782 of 2,962 stocks — the top half of the AI-ranked universe. BYD scores in the top quartile across balance sheet strength (98.1), profitability (97.6), institutional flow (76.0). Areas of concern include earnings quality (16.1) and free cash flow (29.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), BOYD GAMING CORP reports quarterly revenue of $1.0B, net income of $131.2M, an operating margin of 19.4%. Top institutional holders of BYD by reported 13-F value include COHEN & STEERS, BlackRock, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. BYD trades on the NYSE exchange and files with the SEC under CIK 906553. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BYD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BOYD GAMING CORP directly from SEC EDGAR.
AI Quality Score
61.4/100
AI Rank
#782
Revenue
$1.0B
Net Income
$131.2M
Free Cash Flow
$-165.5M
Operating Margin
19.4%
BYD key financials by period
BOYD GAMING CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$4.1B
$1.8B
18.3%
FY 2024
10-K
$3.9B
$578.0M
23.6%
FY 2023
10-K
$3.7B
$620.0M
24.1%
FY 2022
10-K
$3.6B
$639.4M
27.6%
FY 2021
10-K
$3.4B
$463.8M
26.7%
FY 2020
10-K
$2.2B
$-134.7M
0.7%
Institutions holding BYD
Institutional investors reporting a position in BOYD GAMING CORP on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue was essentially flat at $1,034.4M (+$0.4M YoY), but operating income fell 17.2% to $200.7M as depreciation rose $21.1M and Online segment margin collapsed to 34.0% from 58.7% after FanDuel-related market access agreement terminations.
Biggest Revenue Drivers
Midwest & South$556.9M+3.1% YoY
Increases in all revenue categories, led by gaming revenue up $13.2M on higher slot win (+3.6%) and slot handle (+3.1%).
Las Vegas Locals$225.9M-1.4% YoY
Room and food & beverage declines amid continued softness in destination business and Suncoast casino modernization construction disruption.
Biggest Revenue Drivers
Total revenue: $1,034.4M
Midwest & South$556.9M+3.1% YoY
Increases in all revenue categories, led by gaming revenue up $13.2M on higher slot win (+3.6%) and slot handle (+3.1%).
Las Vegas Locals$225.9M-1.4% YoY
Room and food & beverage declines amid continued softness in destination business and Suncoast casino modernization construction disruption.
Online$158.2M-8.6% YoY
Market access fee revenue down $13.9M from agreement terminations tied to the FanDuel Equity Sale, partly offset by $6.5M Boyd Interactive growth from the Design Works acquisition.
Downtown Las Vegas$52.1M-5.7% YoY
Gaming revenue down $1.8M as slot win (-6.9%) and slot handle (-4.0%) declined; segment remains focused on the Hawaiian market.
Managed & Other$41.3M+$4.8M YoY
Higher Sky River Casino management fees, which rose to $28.5M from $23.8M.
Largest Expense Items
Selling, general and administrative$110.9M+0.7% YoY
Remained consistent at 10.7% of revenues; company cites disciplined operating model and targeted marketing approach.
Depreciation and amortization$91.1M+30.2% YoY
Driven by completion of Ameristar St. Charles convention space, the Norfolk transitional casino opening, Cadence Crossing opening, and technology/renovation investments.
Maintenance and utilities$38.5M+3.2% YoY
Remained generally consistent as a percentage of revenues at 3.7%.
Corporate expense$33.2M-6.2% YoY
Unallocated payroll, professional fees and other corporate costs; represented 3.2% of revenues versus 3.4% a year ago.
Margins: Gaming margin slipped to 60.8% from 61.3% and food & beverage margin fell to 13.8% from 16.1% on higher cost per guest. Online margin dropped sharply to 34.0% from 58.7% as high-margin market access fees were replaced by lower-margin new agreements, a trend the company expects to persist.
Watch Items from the Filing
Online segment margin fell to 34.0% from 58.7% YoY after termination of high-margin market access agreements tied to the FanDuel Equity Sale; management expects these lower margins to continue.
Long-term debt rose to $2,641.1M from $2,060.7M (+$580.4M) as the company drew $400.0M under a new Term A Loan and increased revolver borrowings, partly to fund $341.0M in energy tax credit payments and share repurchases.
Norfolk, Virginia resort development carries a ~$750.0M total budget with ~$300.0M expected to be spent in 2026; full casino resort opening pushed to late 2027 pending regulatory approval.
Las Vegas Locals and Downtown Las Vegas segments cite continued softness in destination business and reduced pedestrian traffic, with Suncoast renovation disruption weighing on Q2 results.
Company repurchased $156.0M of stock (1.87M shares) in the quarter with $551.1M remaining under its $3.3 billion authorization, alongside a $0.20 per share dividend.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
